The Economic Opportunity Cost of Green Recovery Plans / Timothy Fitzgerald, Casey B. Mulligan.

Format:

Book

Author/Creator:

Fitzgerald, Timothy.

Contributor:

National Bureau of Economic Research.

Mulligan, Casey B.

Series:

Working Paper Series (National Bureau of Economic Research) no. w30956.

NBER working paper series no. w30956

Language:

English

Physical Description:

1 online resource: illustrations (black and white);

Place of Publication:

Cambridge, Mass. National Bureau of Economic Research 2023.

Summary:

Advocates in several countries have promoted a "green recovery" from the pandemic, with an emphasis on measures to address climate objectives. We evaluate proposals for the United States and find that as stated, ambitious plans to further cut emissions from transportation and electricity will require more inputs to produce the same outputs, resulting in recurring costs of up to $483 billion per year. We forecast that real GDP and consumption will be 2-3 percent less in the long run if policies are implemented as stated, underscoring the opportunity costs of achieving green objectives when resources might be more efficiently deployed.

Notes:

Print version record

February 2023.