by Nicolas Loris, The Daily Signal
We’re not hearing much about the Green New Deal these days, but it’s still a priority for some candidates, as anyone who’s attended a recent Bernie Sanders rally can attest.
Criticism of the Green New Deal tends to center on cost and rightly so. It would be extremely expensive. Researchers estimate it would take more than $5 trillion just to switch from coal, nuclear, and natural gas to 100% renewables.
But even if you set economic concerns aside, an ironic fact remains: In the United States and around the world, the central planning policies at the heart of the Green New Deal have a horrible track record for the environment.
Governments in countries such as Venezuela and China (or in the past like the Soviet Union and Cuba) either routinely mismanage and waste resources or ramp up production with little to no accountability for environmental damage that comes with it. The absence of price signals reduces the incentive to be more efficient and do more with less.
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