Green New Deal Estimated to Cost $93 Trillion

The Green New Deal carries a big price tag.

The Democrat inspired resolution to transform our energy infrastructure is estimated to cost about $93 trillion.

Bloomberg reports:

Representative Alexandria Ocasio-Cortez’s ambitious plan to fight climate change won’t be cheap, according to a Republican-aligned think tank led by a former Congressional Budget Office director.

The so-called Green New Deal may tally between $51 trillion and $93 trillion over 10-years, concludes American Action Forum, which is run by Douglas Holtz-Eakin, who directed the non-partisan CBO from from 2003 to 2005.

That includes between $8.3 trillion and $12.3 trillion to meet the plan’s call to eliminate carbon emissions from the power and transportation sectors and between $42.8 trillion and $80.6 trillion for its economic agenda including providing jobs and health care for all

Massachusetts Democrat Senator Ed Markey blasted the cost estimate in a Tweet:

Markey was one of the elected officials that joined Representative Alexandria Ocasio-Cortez in a press announcement about the Green New Deal.

The Senator is clearly not backing down from his support of the resolution.

Markey fired off another Tweet:

The Green New Deal is not realistic and the cost estimate caught supporters of the resolution, including Markey, off guard.