In the March 14, 2019

How Much Will the ‘Green New Deal’ Cost?

Since the ambitious and controversial Green New Deal debuted last month, Republicans and Democrats have sparred over the cost of the measure — a nonbinding resolution that broadly outlines how the U.S. should address climate change over the next decade. But sometimes the politicians have erred in their descriptions of the proposal and the costs of climate action and inaction. This piece demystifies the price tag of $93 trillion, touted by critics, and explains the origin of claims that without any action climate change “will result in 10% GDP loss by 2090,” with insight from the Lab's Amir Jina, of the University of Chicago, and Lab co-director Robert Kopp of Rutgers University.