Analysis & Opinions - The Conversation

What Green New Deal Advocates Can Learn from the 2009 Economic Stimulus Act

| Feb. 15, 2019

Congressional Democrats have introduced a "Green New Deal" proposal that calls for a 10-year national mobilization to curb climate change by shifting the U.S. economy away from fossil fuels. Many progressives support this idea, while skeptics argue that a decade is not long enough to remake our nation's energy system.

The closest analog to this effort occurred in 2009, when President Obama and Congress worked together to combat a severe economic recession by passing a massive economic stimulus plan. Among its many provisions, the American Recovery and Reinvestment Act of 2009 provided US$90 billion to promote clean energy. The bill's clean energy package, which was dubbed the "biggest energy bill in history," laid the foundation for dramatic changes to the energy system over the last 10 years....

For more information on this publication: Please contact Harvard Project on Climate Agreements
For Academic Citation: Aldy, Joseph.“What Green New Deal Advocates Can Learn from the 2009 Economic Stimulus Act.” The Conversation, February 15, 2019.