The Green New Deal May Be Green, but It’s Not New

“While the unveiling of a Green New Deal resolution including 100% clean energy by 2030 is making headlines today and is a powerful political statement, the real policy action is elsewhere.” - PV MAGAZINE - The Green New Deal Is Going to Happen at the State, Not Federal Level

The new Democratic majority recently unveiled the framework for an ambitious piece of legislation called the Green New Deal, named after President Franklin Roosevelt’s signature New Deal that helped lift the United States out of the aftermath of the Great Depression. The Green New Deal proposes a massive energy infrastructure transition clean, renewable, and zero-emission sources, with the benefit of job creation and tackling economic inequality. 

Credit: SAUL LOEB/AFP/Getty Images

The bill has no real chance to become law with a Republican Senate and President, who claim its objectives are impossible and are too expensive.

The initial framework lacks specifics and proposes some nearly impossible goals (for example: upgrading or replacing every building in the country and making air travel obsolete). 

However, the Republicans’ the blanket dismissal is shortsighted, especially with respect to renewable energy.  In fact, as PV Magazine points out, the push towards implementing renewable energy on a larger scale is already happening at the state level.  Thirty-eight states (including D.C.) have some sort of renewable energy goal, of which 30 are mandatory standards. Seven of those states have goals of more than 50 percent. Five more states will most likely join those ranks, as their newly-elected governors have pledged to implement a transition to 100 percent renewables. 

In addition, a fundamental shift is happening among energy consumers. According to a Monmouth University poll released in November 2018, much of the country now acknowledge that climate change is happening, including Republicans, who have historically denied it is happening.  Despite the acceptance, the cause and severity are topics where public opinion is widely split. Yet, nearly 70 percent believe that the Federal government should do something to mitigate climate change.

Image: Sunrise Movement

More than 160 companies worldwide have made commitments to get their energy from 100 percent renewable sources. Residential customers are also demanding a transition to renewable energy.  Utilities are responding.  In December 2018, Xcel Energy became the first US utility to going to carbon-free energy sources (80 percent by 2030, 100 percent by 2050). However, the transition isn’t fully embraced by utilities, echoing the Republican position that going to 100 percent renewable energy is impossible and too expensive.

However, investment in renewable energy is starting to pay large dividends.  In 2017, solar and wind industries were creating jobs 12 times faster than the entire US economy, and more than 500,000 jobs globally.  However, the majority of those jobs were created in Asia, partially because of government investment in renewables. In April, the US Bureau of Labor Statistics predicted that wind and solar jobs would be among the fastest in employment growth from 2016-2026. If the Green New Deal were to be implemented, the job growth would be potentially exponentially more. The investment would payoff rapidly with the economic boom, long-term and well-paying employment, and tax revenue. 

So, while the Green New Deal may not happen now, the transition to a renewable energy infrastructure is already happening. The question is, will we be able to move fast enough to mitigate climate change without something as ambitious as the Green New Deal?