Jeffrey Sachs May Have Exposed the Green New Deal’s Biggest Deception

By Kent R. Kroeger (March 1, 2019)

Photo Credit: Al Drago/Bloomberg

Professor Jeffrey Sachs, director of the Center for Sustainable Development at Columbia University, thought he was supporting the Green New Deal with his February 22nd editorial published on CNN.com.

And he was.

But he may have also exposed the Green New Deal’s greatest deception: the belief among its advocates — New York Rep. Alexandria Ocasio-Cortez being the most prominent — that addressing climate change will require significant federal budget line item expenditures.

Decarbonizing the U.S. economy is this generation’s ‘moon shot’, says Ocasio-Cortez.

But what exactly will the federal government spend money on to decarbonize the country?

Our decarbonization efforts so far have not relied heavily on government programs. Why should this be different in the future?

In an essay designed to remove the myths surrounding the Green New Deal’s likely budgetary requirements, Sachs proceeds to answer that question…and the answer may or may not be what climate activists want to hear.

Writes Sachs:

“Decarbonization is already underway in the US, just not yet with the pace and scale required. US…