OpEd: AOC’s green deal isn’t new — it’s been a flop in Germany

As the most reliable and balanced news aggregation service on the internet, DML News offers the following opinion editorial written by opinion contributor Liz Peek and published by TheHill.com:

Sorry, Rep. Alexandria Ocasio-Cortez (D-N.Y.), that Green New Deal of yours isn’t really very new after all. It’s actually an “Old Green Deal,” a rehash of the environmental platform called Energiewende, or “energy transition,” adopted in Germany in 2010.

And, in Germany, the Old Green Deal has been something of a flop.

The article goes on to state the following:

Similarities abound between the German program and the resolution proposed by House freshman Alexandria Ocasio-Cortez (AOC) and Sen. Ed Markey (D-Mass.). Like the Green New Deal (GND), Germany’s Energiewende called for a shift to 100 percent renewable energy by 2050.

Energiewende built upon Germany’s Renewable Sources Act of 2000, which encouraged the use of wind, biofuels, hydropower and solar energy through a system of feed-in tariffs and also grid priority for renewable energy.

It was funded by a surcharge on electricity, which cost consumers more than $20 billion per year. The build-up of renewables also benefited from more than $800 billion in subsidies.

Like the GND, the Energiewende also included an ambitious roll-out of a national energy grid to facilitate the mandated increase in solar, hydroelectric and wind energy. The German program, like that of AOC, called for a “public bank” to finance the large-scale investment needed to facilitate the plan.

Also, the plan demanded that houses and factories be refitted to achieve greater energy efficiency; between 2006 and 2014, some 3.5 million homes were refurbished or built according to new efficiency standards at a cost approaching $200 billion.

CLICK HERE to read more of this opinion editorial, as Peek reports that the program in Germany has been a huge disappointment, and quoted one official as saying, “Germany as a pioneering country is on the brink of failure.”

To get more information about this article, please visit TheHill.com. To weigh in, leave a comment below.

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The post OpEd: AOC’s green deal isn’t new — it’s been a flop in Germany appeared first on DML News.

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