Investors Hangout Stock Message Boards Logo
  • Mailbox
  • Favorites
  • Boards
    • The Hangout
    • NASDAQ
    • NYSE
    • OTC Markets
    • All Boards
  • Whats Hot!
    • Recent Activity
    • Most Viewed Boards
    • Most Viewed Posts
    • Most Posted
    • Most Followed
    • Top Boards
    • Newest Boards
    • Newest Members
  • Blog
    • Recent Blog Posts
    • Recently Updated
    • News
    • Stocks
    • Crypto
    • Investing
    • Business
    • Markets
    • Economy
    • Real Estate
    • Personal Finance
  • Market Movers
  • Interactive Charts
  • Login - Join Now FREE!
  1. Home ›
  2. Stock Message Boards ›
  3. User Boards ›
  4. Political Debate Board Message Board

Ocasio-Cortez’s Dream Of ‘Greening’ Every Am

Message Board Public Reply | Private Reply | Keep | Replies (0)                   Post New Msg
Edit Msg () | Previous | Next


Post# of 65629
(Total Views: 208)
Posted On: 03/19/2019 10:13:54 PM
Avatar
Posted By: Lmcat
Ocasio-Cortez’s Dream Of ‘Greening’ Every American Home Has A Massive Price Tag

The Green New Deal could cost American families $244 billion just to replace four appliances.
Roughly half of U.S. homes rely on natural gas for heating. Replacing all that could cost $155.5 billion.
“The Green New Deal is not a practical solution for American consumers,” said a ratepayer advocate.

The Green New Deal calls for upgrading every existing building in the U.S. to “maximum energy efficiency” within 10 years, but how much would that cost Americans to just replace common household appliances?

It would cost nearly $244 billion, according to a rough cost estimate put together by the Consumer Energy Alliance (CEA), a ratepayer advocacy group. The group looked at the cost to replace natural gas-fueled furnaces, water heaters, stoves and dryers present in tens of millions of U.S. homes.

“Many common household appliances including furnaces, water heaters, stoves and dryers are powered by abundant, affordable energy resources including natural gas, which the proposal aims to eliminate,” Holt said.

While gas appliances are often more efficient and cost-effective, the Green New Deal’s call to cut emissions likely mean those appliances would need to be replaced with electric ones.

It would cost more than $155.5 billion to replace gas furnaces used in roughly 59.5 million households, CEA estimated. Gas furnaces are more efficient, especially in the frigid cold.

CEA estimated it would cost another $50 billion to electrify water heaters for the 56.3 million homes that currently rely on natural gas, $26.4 billion to replace natural gas cooking ranges at 39 million homes and $11.9 billion to install electric clothes dryers in 17.9 million homes.

This doesn’t include the cost of replacing coal and gas-fired power plants with renewables and other zero-emissions sources, which could cost anywhere from $5 trillion to $40 trillion. Not getting rid of fossil-fueled power plants could make electric appliances drive more emissions.

“American consumers need better, more practical energy solutions than this proposal offers,” Holt said.

https://thepoliticalinsider.com/ocasio-cortez...;source=CI


Our home has solar panels and only a gas water heater and furnace. They are only 3 yrs old so already energy efficient.




(0)
(0)








Investors Hangout

Home

Mailbox

Message Boards

Favorites

Whats Hot

Blog

Settings

Privacy Policy

Terms and Conditions

Disclaimer

Contact Us

Whats Hot

Recent Activity

Most Viewed Boards

Most Viewed Posts

Most Posted Boards

Most Followed

Top Boards

Newest Boards

Newest Members

Investors Hangout Message Boards

Welcome To Investors Hangout

Stock Message Boards

American Stock Exchange (AMEX)

NASDAQ Stock Exchange (NASDAQ)

New York Stock Exchange (NYSE)

Penny Stocks - (OTC)

User Boards

The Hangout

Private

Global Markets

Australian Securities Exchange (ASX)

Euronext Amsterdam (AMS)

Euronext Brussels (BRU)

Euronext Lisbon (LIS)

Euronext Paris (PAR)

Foreign Exchange (FOREX)

Hong Kong Stock Exchange (HKEX)

London Stock Exchange (LSE)

Milan Stock Exchange (MLSE)

New Zealand Exchange (NZX)

Singapore Stock Exchange (SGX)

Toronto Stock Exchange (TSX)

Contact Investors Hangout

Email Us

Follow Investors Hangout

Twitter

YouTube

Facebook

Market Data powered by QuoteMedia. Copyright © 2025. Data delayed 15 minutes unless otherwise indicated (view delay times for all exchanges).
Analyst Ratings & Earnings by Zacks. RT=Real-Time, EOD=End of Day, PD=Previous Day. Terms of Use.

© 2025 Copyright Investors Hangout, LLC All Rights Reserved.

Privacy Policy |Do Not Sell My Information | Terms & Conditions | Disclaimer | Help | Contact Us