• The Green New Deal
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The Green New Deal

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In this monograph, Benjamin Zycher, an economist at the American Enterprise Institute, examines the Green New Deal (GND) and concludes the current proposal would yield no benefits while imposing su...
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  • 24 November 2026
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In this monograph, Benjamin Zycher, an economist at the American Enterprise Institute, examines the Green New Deal (GND) and concludes the current proposal would yield no benefits while imposing substantial economic costs. Zycher explains that, while the ostensible goal of the GND policy proposals is to ameliorate what its proponents call an ongoing climate crisis, the GND at its core substitutes central planning in place of market forces to allocate resources in the US economy, narrowly in energy and transportation sectors and in the broad industrial, business, and housing sectors writ large.
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Price: $6.99
Pages: 116
Publisher: AEI Press
Imprint: AEI Press
Publication Date: 24 November 2026
Trim Size: 8.50 X 5.50 in
ISBN: 9780844751207
Format: Paperback
BISACs: POLITICAL SCIENCE / Public Policy / Environmental Policy, Environmental policy & protocols, POLITICAL SCIENCE / Public Policy / Economic Policy, POLITICAL SCIENCE / General, Political economy, Politics & government
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"An excellent, data driven review of the known costs of the Green New Deal (GND). GND would impose massive known costs with only minor environmental benefits. Even under the most optimistic assumptions of GND, and even using the most catastrophic assumptions about future Anthropogenic Global Warming (AGW), GND, even if fully adopted, would only reduce global warming by a fraction of degree." - Verified Purchaser
Benjamin Zycher is a resident scholar at the American Enterprise Institute (AEI), where he works on energy and environmental policy. He is also a senior fellow at the Pacific Research Institute. He lives in Washington DC.

Executive Summary 

1. Introduction: What Is the Objective of the Green New Deal? 

2. The Antihuman Core of the Green New Deal: Energy, National Wealth, Employment, Poverty, and Investment in Human Capital 

3. Adverse Environmental Effects of the Green New Deal  “Clean” Electricity 

Economic Cost of Emissions from Backup Generation 

The Environmental Kuznets Curve 

4. Direct Costs of the Green New Deal Renewable Electricity Mandate 

Net Fixed Costs of Renewable Replacement Capacity 

Transmission Costs 

Cost of Backup Power 

Cost of Land 

5. Large Hidden Costs of the Green New Deal 

Cost of Forging a Coalition for Provision of a Collective Good 

Marginal Excess Burden of the Tax System 

Money Creation as a Financing Instrument 

State-by-State Cost Analysis Under a Ratepayer Finance Assumption 

6. Inexorable Authoritarian Implications of the Green New Deal 

7. Observations on Some Ancillary Topics 

Green Employment 

Sustainability 

The Interests of Future Generations 

The Evidence on Climate Phenomena 

The Ontario Green Energy Act 

8. Concluding Observations 

Notes 

About the Author 

Acknowledgments