The Economic Case for the Green New Deal

Oped by Assistant Professor of Economics, Mark Paul

This article was co-authored Susan R. Holmberg and J.W. Mason. They are economists and fellows at the Roosevelt Institute.

Almost overnight, the idea of a Green New Deal has won over environmental activists and many lawmakers. An all-out national mobilization to decarbonize the economy has a natural appeal to those who see climate change as an immediate, existential threat. But others have doubts. Why can’t markets guide the transition from carbon? Do we really need an expansion of the public sector on the scale of the New Deal or World War II? Can we afford it?
As economists, we think the answer is Yes.
Read the entire oped here.