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Adriano Espaillat on Energy & Oil

 

 


Green New Deal: 10-year national mobilization.

Espaillat co-sponsored the Resolution on Green New Deal

This resolution calls for the creation of a Green New Deal with the goals of:

The resolution calls for accomplishment of these goals through a 10-year national mobilization effort. The resolution also enumerates the goals and projects of the mobilization effort, including:
  • building smart power grids (i.e., power grids that enable customers to reduce their power use during peak demand periods);
  • upgrading all existing buildings and constructing new buildings to achieve maximum energy and water efficiency;
  • removing pollution and greenhouse gas emissions from the transportation and agricultural sectors;
  • cleaning up existing hazardous waste and abandoned sites;
  • ensuring businesspersons are free from unfair competition; and
  • providing higher education, high-quality health care, and affordable, safe, and adequate housing to all.

    Opposing argument from the Cato Institute, 2/24/2019: While reasonable people can disagree on some aspects of the Green New Deal's proposals, one fact is uncontroversial: the US cannot afford them. The Green New Deal would likely cost upwards of $6.6 trillion per year. The federal government should look for cheaper ways to address problems like climate change. Instead of the Green New Deal, the federal government could adopt a revenue??neutral carbon tax to decrease emissions without exacerbating the fiscal imbalance. Economists from across the political spectrum support carbon taxation as the most cost??effective way to address climate change. And a carbon tax would be most effective if uniformly adopted by other countries, too.

    Source: H.Res.109/S.Res.59 19-HR0109 on Feb 7, 2019

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    Page last updated: May 10, 2020