How Will the Green New Deal Affect US Trade?

The Green New Deal Resolution was introduced to the 116th US Congress on Feb 7, 2019. It aims to bring sweeping economic, social, and environmental change to the United States and is designed to emulate President Franklin Roosevelt’s New Deal of the 1930s. While there are numerous questions surrounding practicality, political appetite and funding for the Green New Deal (GND), those issues will not be discussed here. This article instead seeks to assess how the GND seeks to affect the environment and how the GND may potentially impact US trade.

The GND is designed to reduce carbon emissions in the United States over the next ten years and seeks to reach “net zero” emissions by 2050. Signatories to the resolution believe that these measures are necessary based on US findings on climate change. The resolution, quoting the Intergovernmental Panel on Climate Change’s (IPCC) 2018 report, states that human activity is the dominant cause of observed climate change over the past century; a changing climate is causing extreme weather events that threaten human life, healthy communities, and critical infrastructure; and global warming at or above 2 degrees Celsius beyond pre-industrialized levels will cause…” a litany of negative results upon the world.

To read the rest of the article, go to The Fletcher Forum.

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