Report: New Mexico households would pay $391K to comply with “Green New Deal”

CEI President Kent Lassman  

The so-called “Green New Deal” championed by socialist U.S. Congressman Alexandria Ocasio-Cortez (D-NY) would cost the typical New Mexico household more than $391,000 over the next eight years.

That’s according to an analysis by think tanks Power the Future and the Competitive Enterprise Institute (CEI).

The analysis explores and estimates the cost to consumers of following the Green New Deal’s “radical blueprint to decarbonize the American economy,” the report says.

Ocasio-Cortez and the Green New Deal’s 98 co-sponsors in the U.S. House-- including two members from New Mexico, U.S. Reps. Debra Haaland (D-Albuquerque) and Ben Ray Lujan (D-Santa Fe)--  would ban emissions from energy production or usage by 2050. That would effectively bar the burning of wood, coal, natural gas or oil for energy, mandate the replacement of automobile and air travel with high-speed rail and require new or retrofitted “green” housing units for most Americans.

“The Green New Deal is a politically motivated policy that will saddle households with exorbitant costs and wreck our economy,” said CEI President Kent Lassman. “Perhaps that’s why exactly zero Senate Democrats, including Senators Tom Udall and Martin Heinrich, voted for the Green New Deal when they had the chance.”

Last March, the U.S. Senate voted down a resolution backing Ocasio-Cortez’ Green New Deal by a vote of 57-0

In New Mexico, the new study estimates this would cost each household $74,432 the first year the Green New Deal is implemented and a total of $391,467 per New Mexico household over its first eight years.

All told, New Mexico taxpayers would pay $58.8 billion to implement the Green New Deal in its first year and $309.2 billion over an eight year period, according to the report.

A companion study by the Wisconsin Institute for Law and Liberty (WILL) suggested dairy farmers would pay among the highest price, as the Green New Deal aspires to eliminate “farting cows” it asserts are polluting the air.

The report estimates complying with the new “green” laws will cost dairy farmers $2,000 per cow. At that rate, for New Mexico, the eighth largest dairy producing state in the U.S. with 325,000 cattle, it would cost its farmers $650 million to comply with new regulations.

According to the U.S. Energy Information Administration, only 2.3 percent of New Mexico energy consumption is currently derived from renewable sources. More than six in ten New Mexico homes-- or approximately 510,000 households-- use natural gas for heating and cooking, according to a 2017 U.S. Census report.

"We have nearly a century's worth of natural gas that can power our economy. The idea that we are going to ban the most reliable, abundant, clean, and low-cost energy source in this country is absurd,” said Jim Nathanson, executive director of The Empowerment Alliance, national advocacy group whose mission is to secure U.S. energy independence utilizing natural gas.  “Only someone who has never had to pay their own utility bills or manage a household budget would think this is a good idea.” 

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