Empower Wisconsin | Dec. 13, 2019
Not sold on the New Green Deal from U.S. Rep. Alexandria Ocasio-Cortez and her climate change alarmist friends?
How about $13-per-gallon gas?
“The Green New Deal would cripple the U.S. economy by requiring carbon taxes ranging from $200 to $1000 per metric ton to spur replacement of current technologies in the transportation and electric generating sectors,” the conservative think tank reported.
Electric vehicles, critical to the Green New Deal carbon-free plan, don’t come cheap. To make electric cars desirable to consumers, gasoline prices would have to increase to $13 per gallon, a $10-plus increase from current prices, according to the study.
That’s two to three times what Europeans are paying for petroleum-based transportation fuels, according to the Institute for Energy Research.
Ultimately, the Green New Deal would do nothing to deal with the real CO2 spewers. The United States emits about 15 percent of the the world’s carbon dioxide; China emits 28 percent. U.S. rates have and continue to go down, while China’s CO2 production continues to soar.
“Most Americans would find $13 per gallon gasoline unacceptable. The impacts on households and businesses of all kinds would be enormous,” the institute concluded. “A quadrupling of gasoline prices would plunge the U.S. economy into a deep recession. Policymakers should understand the consequences of their proposals.”