What Will the Green New Deal Cost, and What Can It Save?

Explore the economic implications and potential benefits of the Green New Deal in this thought-provoking 54-minute talk from The Aspen Institute. Delve into the debate surrounding the massive government mobilization proposed to combat climate change, including its ambitious goals of 100% renewable energy, universal healthcare, living wages, and job guarantees. Examine the conflicting viewpoints on the policy's estimated costs, ranging from $51 trillion to $93 trillion over a decade. Analyze the interconnection between climate action and social democracy prioritized by the Green New Deal. Consider whether such a substantial approach is necessary to adequately prepare for future challenges. Gain insights from both the policy's architect and a Republican think tank analyst as they discuss the costs and benefits of this transformative proposal.