“The Green New Deal is a massive investment program, not an expenditure. The question isn’t how will we pay for it, but what is the cost of inaction, and what will we do with our new shared prosperity created by the investments in the Green New Deal.”

“The Green New Deal sets a goal to get to net-zero, rather than zero emissions, at the end of this 10-year plan because we aren’t sure that we will be able to fully get rid of, for example, emissions from farting cows or air travel before then.”

It was an embarrassment–and to my knowledge, the most ill-conceived energy proposal in the history of the United States by a major political party since the oil-industry nationalization proposals of the shortage 1970s.

The Green New Deal FAQ was published on the website of Alexandria Ocasio-Cortez (AOC) on February 5, 2019, only to be taken down after an outcry over its proposed elimination of air travel and cow flatulence within ten years (quotation above).…

“I will urge Congress to create an energy mobilization board which, like the War Production Board in World War II, will have the responsibility and authority to cut through the red tape, the delays, and the endless roadblocks to completing key energy projects.”

“So, the solution of our energy crisis can also help us to conquer the crisis of the spirit in our country. It can rekindle our sense of unity, our confidence in the future, and give our nation and all of us individually a new sense of purpose.”

“We have the world’s highest level of technology. We have the most skilled work force, with innovative genius, and I firmly believe that we have the national will to win this [energy] war.”

“I do not promise you that this struggle for [energy] freedom will be easy.…

“Market conditions back in 1992 no longer exist. Big wind no longer needs the Production Tax Credit, and certainly cannot justify the extraordinary benefits received [3.5¢/kWh pre-tax]. Retaining the subsidy in light of lower installation costs and increased production serves only to further distort the market and bestow a bounty on big wind that far exceeds what 1992 lawmakers could ever have envisioned.”

The American Wind Energy Association’s latest market report touts an industrial- wind-energy construction pipeline of 29,634 megawatts, that, if all built, will bring the US installed capacity to nearly 115,000 MW.  Installed capacity stands at 85,000 MW today.

You can bet that all (or most) of the new megawatts will meet the Obama/IRS requirements for full-tax credit eligibility. As we’ve written before, the Production Tax Credit ‘phase-out’ was little more than a 5-year extension of the PTC after Congress looked the other way while the IRS implemented its own definition of the phase-out.…

“So why did nations from Australia to Europe and states such as California adopt an ineffectual bureaucratic cap-and-trade system? In a word: bribes.”

– James Hansen, “Washington [State] can Lead: Unwashed Version,” October 26, 2016.

“In every country and state where I have tried to make the case for a simple, honest carbon fee-and-dividend the politicians respond that they want part of the money to spend on ‘this and that’ ….”

– James Hansen, “Carbon Pricing: A Useful Cautionary Tale.” October 28, 2016.

The civil war in the environmental community, already evident in the debate over the future of nuclear power, also exists in climate policy between carbon taxation and cap-and-trade. MasterResource has published numerous posts summarizing the views of climate scientist James Hansen, and intellectual leader of CitizensClimateLobby.org…