Green New Deal: What we know, what we don’t?

Feb 06, 2019, 2:20 AM EST
(Source: Cryptocurrency News/flick)
(Source: Cryptocurrency News/flick)

The so-called “Green New Deal,” championed by New York Democratic Representative Alexandria Ocasio-Cortez, despite popular support, as reflected by surveys, remains largely a hazy, abstract concept, promising a zero-carbon economy in the U.S. in the next 10 years.

The proposal has been touted in broad terms and targets, such as combating climate change, ensuring just transition for all communities and creating clean jobs, but without any specific details and action plan, writes Eco Watch.

As Ocasio-Cortez gears up to table a resolution to define the core guiding principles of the Green New Deal, the U.S. must acquaint itself with the real challenges at hand, the remedies being peddled, the capital sources for implementing such a radical plan and the unintended consequences of failure or even success.

No denying that the Green New Deal is the most radical legislation in decades with the best of intentions to decarbonize American economy and mitigate climate change, but the basic tenets of this philosophy, such as 100% renewable energy, defy the laws of physics and not to mention, would involve “gargantuan costs,” reports Fox News.