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The Green New Deal has landed.
Proposed by the rising star of the Democratic Party, Representative Alexandria Ocasio-Cortez, and Senator Edward Markey, a longtime advocate for decarbonization in both the House and the Senate, the sweeping proposal is a grand vision for what a progressive push to rebuild American institutions for the 21st century looks like. But it’s a plan that’s long on promise and short on details.
Traction - Washington
And it’s unlikely to gain much traction in Washington.
The proposal is notable for the support it has received in the Democratic party, particularly in the Party’s progressive wing, and could be a massive boost to a number of startup technology companies that are looking for government support as they look to commercialize their technologies.
Centrality - Climate - Change - Disasters - US
Recognizing the centrality of climate change to the disasters that have pounded the U.S. in the past five years, and the role the bill declares “the United States must take a leading role in reducing emissions through economic transformation.”
That economic transformation touches on many areas where startup technology companies are already working to develop solutions — meaning the Green New Deal could likely result in huge gains for companies developing technologies for everything from transportation, finance, new agriculture, energy generation and efficiency, food production and even housing and construction.
Part - Sign - Breadth - Depth - Innovation
In part, it’s a sign of the breadth and depth of innovation in America and the ambitions of venture investors who now believe that private industry can disrupt everything. What will be interesting is watching how these ambitions align with the policy and priorities of a movement that would like to see government take back some of the ground it has lost to private industry.
As the bill states:
Duty - Federal - Government - New - Deal—
“… it is the duty of the Federal Government to create a Green New Deal— (A) to achieve net-zero greenhouse gas emissions through a fair and...
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