https://www.wsj.com/articles/bernies-green-leap-forward-11566761328
Bernie Sanders published his version of the Green New Deal last week, and it’s written with all the realism voters have come to expect. Start with its price: “an historic $16.3 trillion.” That’s 10 times Joe Biden ’s climate plan, which is wild already. For the record, America’s annual economy is about $21 trillion.
Mr. Sanders says climate change “shares similarities with the crisis faced by President Franklin Delano Roosevelt in the 1940s,” when the U.S. “within three short years restructured the entire economy.” Oh, the good old days of coffee and meat rationing. Maybe that isn’t what Mr. Sanders has in mind, but he pledges to declare a national emergency and push through “a wholesale transformation of our society.”
To start, he’d switch electricity and transportation to 100% renewables by 2030. He would ban fracking; ban drilling offshore and on federal lands; ban “imports and exports of fossil fuels”; cancel oil pipelines already being built; and halt permitting of “new fossil fuel extraction, transportation, and refining infrastructure.”
Nuclear power would be phased out. He calls it a “false solution,” along with geoengineering and carbon capture. And don’t worry about rising costs. “We do not expect energy prices to spike,” he says, “because the federal government is going to weatherize homes, electrify heating, and keep electricity prices stable.” Thanks to the public provision of renewables, “after 2035 electricity will be virtually free, aside from operations and maintenance costs.”