What the Green New Deal Would Do to New York
City’s Economy, by Ethan Warrick, Wealth Authority.
Despite the warnings against embracing the New Green Deal, de Blasio is not
only embracing it wholeheartedly, he is even going a bit further with the idea
and creating his own $14 billion plan called “OneNYC 2050: Building a Strong
and Fair City.”
New York City Mayor Bill de Blasio says in order to become the
“Green Apple,” and wholeheartedly embrace the “Green New Deal,” the city that
never sleeps is going to have to make some major changes. Some of these might
not be so easy to fully espouse.
According to Mayor De Blasio, who recently appeared on MSNBC’s
“Morning Joe,” New York’s iconic skyscrapers are currently the city’s “biggest
source of emissions.” This is a problem because in order for New York to buy in
fully to the “Green New Deal,” they have to make drastic changes when it comes
to emissions and renewable energy. Consequently, the mayor stated, “We are
putting clear, strong mandates” in place. If a property is already built, the
owner will face gigantic fines until their buildings are retrofitted to meet
current energy standards.
“This is the first of any major city on the Earth to say to
building owners, ‘you’ve got to clean your act, you’ve got to retrofit, you’ve
got to save energy. If you don’t do it 2030, there will be serious fines, as
high as $1 million or more for the biggest buildings,” de Blasio said.
Mayor De Blasio also added that New York is planning to alter
the way skyscrapers are currently engineered and constructed, moving away from
steel and glass.
“We’re going to ban the classic glass and steel skyscrapers,
which are incredibly inefficient,” he said. “If someone wants to build one of
those, they can take a whole lot of steps to make it energy efficient, but
we’re not going to allow what we used to see in the past.”
According to the mayor, owners of private builds will be
expected to reduce their emissions some 30% by 2030.
The “Green New Deal”, which was introduced by New York Rep.
Alexandria Ocasio-Cortez, is a radical proposal to essentially retrofit the
entire United States into a green utopia. It requires a massive and almost
complete overhaul of the way the nation currently utilizes energy. The idea is
to cut emissions and revamp the economy by shifting America away from fossil
fuels entirely, like coal and oil. These resources would then be replaced with
renewable options like solar and wind power. The Green New Deal demands a
comprehensive elimination of greenhouse gas emissions by 2030.
Although the changes sound responsible and beneficial to the
environment, many warn they could spell disaster for the American economy. With
some estimations putting the price tag of these changes at $93 trillion or
$600,000 per US household, it’s easy to see how this deal would be horrendous
if enacted nationwide. According to many republicans who have rallied against
the proposal, it would trigger massive tax hikes and subsequently devastate the
economy.
This comprehensive plan is described by de Blasio as a way to
“prepare our city for the future.” “Every day we wait is a day our planet gets
closer to the point of no-return,” he said. “New York City’s Green New Deal
meets that reality head on. We are confronting the same interests that created
the climate crisis and deepened inequality. There’s no time to waste. We’re
taking action now, before it’s too late.”
According to de Blasio, New York will be committed to carbon
neutrality by the year 2050 and will have to utilize only 100% clean
electricity.
Often, while something might sound good in theory, it doesn’t
work in practice. Many experts agree that this new plan will only serve to
undermine the current economic growth enjoyed by the nation, and will likely
devastate many American businesses and families, especially those who happen to
call New York City home.
https://www.wealthauthority.com/articles/what-the-green-new-deal-would-do-to-new-york-citys-economy/
Norb Leahy, Dunwoody
GA Tea Party Leader
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