Fact check how much will the ‘green new deal’ cost – nbc chicago electricity and circuits class 6


The number is an estimate from the American Action Forum, a self-described “center-right policy institute.” The AAF is the “ sister organization” of the American Action Network, a conservative nonprofit that has spent tens of millions of dollars supporting Republicans in general elections. The AAN is a tax-exempt 501(c)(4) that doesn’t disclose donors, but must disclose any independent expenditures on TV ads for or against specific candidates to the Federal Election Commission.

Strictly speaking, as a nonbinding resolution that would require other legislation to carry out its goals, the Green New Deal costs nothing. Even if it passed both the House and the Senate, it would not have the force of law. Lawmakers gas and supply shreveport would have to propose other legislation to act on any of the broad goals in the resolution. And that legislation would include specific policy proposals, which the CBO would score as it would any other bill. The score would then be provided to lawmakers so they could be informed about the impact of the legislation on the federal budget.

In the case of health care, AAF authors assumed the Green New Deal would be similar to Sen. Bernie Sanders’ Medicare for All proposal, despite the fact that the only thing the resolution says about health care is that it should be “high-quality” and provided to “all people of the United States.” The group calculated that single line item would cost $36 trillion over a decade.

That idea was originally included in a FAQ sheet that Rep. Alexandria Ocasio-Cortez’s office distributed to news organizations, but it does not appear in the resolution. The resolution, which Ocasio-Cortez sponsored in the House, simply mentions investment gas out in high-speed rail as one way of “overhauling transportation systems” to reduce pollution and greenhouse emissions in the sector “as much as is technologically feasible.”

Redundancies, too, could have a large impact on the ultimate cost of any Green New Deal. Miron explained that some of the Green New Deal’s goals would have substantial overlap with others, which could lead to double-counting. For example, if there’s infrastructure spending to build new rail lines, that could create jobs, reducing the costs of a jobs program. But the AAF estimate counts both separately, without factoring in those interactions.

The gaslighting National Climate Assessment doesn’t make such a definite prediction, and the scientists behind the number say it really shouldn’t be used without providing more context. One told us a better estimate to use would be roughly 4 percent of GDP, but that, too, is only a projection. (Climate change, it should also be noted, is making life more difficult for humans and many other organisms on Earth, but it won’t literally destroy the planet, as Markey said.)

The study found that for every 1.8 degree Fahrenheit increase in global mean temperature, the damages would amount to about 1.2 percent of GDP. The researchers arrived at those numbers by tabulating the economic benefits and losses under different temperature increases from six sectors, including agriculture, crime, energy, human mortality and labor.

And Jina noted that even if climate change’s impact on the economy as a whole is small, some locales will be hit much harder than others. Under a more likely scenario of a 7 degree Fahrenheit temperature increase, many individual gas exchange in the lungs counties in the U.S. could experience damages of more than 10 percent of GDP by the end of the century. The economic toll of climate change in Florida’s Union County, for example, could be close to 28 percent of the county’s GDP.

But Kopp said Markey also failed to mention another assumption baked into the number, which is that researchers were factoring in a limited level of adaptation. The group included the sorts of things that people have done in the past to respond to heat or cold, for instance, but not novel approaches. If people are more creative and come up with better ways of adapting to climate change, that wouldn’t be reflected in the economic electricity history timeline damages.

If that sounds like a minor thing, it gets at a fundamental aspect that many people misunderstand about climate science. We’ve discussed it before with climate scenarios, but Kopp said the goal of the study wasn’t to predict the future, but to understand a range of possibilities so scientists are more aware of the level of risk the country will have to manage. That’s a slightly different perspective that often gets lost when politicians and others summarize these sorts of findings.

Finally, Kopp explained that his study wasn’t estimating how much climate change would reduce grade 9 electricity unit test answers GDP, but rather, how much the costs would be, expressed as a percent of GDP. A good chunk of the calculated GDP damages come from people dying, so the group estimated those costs using the government’s estimate of how much people value a life — a common practice in economics — and turned that into a GDP-equivalent.

Keeping all these caveats in mind, Kopp said it’s better for Markey and others to say that around the turn of the next century, climate change could result in annual damages worth roughly 4 percent of GDP. Even this lower value at the economy’s current size would reach about $16 trillion between 2080 and 2099. When factoring in growth of the economy, the cost of climate change could easily balloon into the tens of trillions.