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The Green New Deal could cost American families $244 billion just to replace four appliances.
Roughly half of U.S. homes rely on natural gas for heating. Replacing all that could cost $155.5 billion.
Green - New - Deal - Solution - Consumers
“The Green New Deal is not a practical solution for American consumers,” said a ratepayer advocate.
The Green New Deal calls for upgrading every existing building in the U.S. to “maximum energy efficiency” within 10 years, but how much would that cost Americans to just replace common household appliances?
Cost - Estimate - Consumer - Energy - Alliance
It would cost nearly $244 billion, according to a rough cost estimate put together by the Consumer Energy Alliance (CEA), a ratepayer advocacy group. The group looked at the cost of replacing just four natural gas-fueled furnaces, water heaters, stoves and dryers present in tens of millions of U.S. homes.
“The Green New Deal is not a practical solution for American consumers,” CEA President David Holt said in an emailed statement. CEA represents households, energy end-users, like businesses, and energy producers.
Household - Appliances - Furnaces - Water - Heaters
“Many common household appliances including furnaces, water heaters, stoves and dryers are powered by abundant, affordable energy resources including natural gas, which the proposal aims to eliminate,” Holt said.
New York Rep. Alexandria Ocasio-Cortez and Massachusetts Sen. Ed Markey, both Democrats, introduced Green New Deal resolutions, calling for a World War II-level mobilization of national resources to fight global warming.
Green - New - Deal - US - Greenhouse
The Green New Deal aims to move the U.S. to “net-zero greenhouse gas emissions” within 10 years while also calling for a slew of welfare and “social justice” programs aimed at “repairing historic oppression” of certain groups.
The resolution also calls for “upgrading all existing buildings in the United States and building new buildings to achieve maximum energy efficiency, water efficiency, safety, affordability, comfort, and durability, including through electrification.”
Cost - Building - Government - Data
It’s difficult to put a cost on upgrading every building. The federal government does keep data on...
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