Supports National Consensus that Enhances U.S. Competitiveness and Reduces Greenhouse Gas Emissions
Washington – The American Council for Capital Formation issued the following statement on today’s introduction of Green New Deal legislation.
ACCF Executive Vice-President George David Banks:
“The American Council for Capital Formation (ACCF) takes note of the Green New Deal’s contribution to the restart of discussions related to the development of a national climate policy. ACCF strongly supports a national consensus that enhances U.S. competitiveness and reduces global greenhouse gas emissions. While we do not agree with every component of the Green New Deal, there is common ground that ACCF can support in principle.
“We note with particular interest the climate and trade provision. If merged correctly, climate and trade policy can produce many of the goals of the Green New Deal without creating burdensome regulations or mandates that distort markets. On the other hand, if integrated poorly, such policies could further undermine the international trade regime, promote widespread protectionism, and fail to effectively address climate change.
“ACCF welcomes the opportunity to pursue our shared goals in a bipartisan manner.”
Founded in 1973, The American Council for Capital Formation (www.accf.org) is a nonprofit, nonpartisan economic policy organization dedicated to the advocacy of pro-growth economic, energy, environment, regulatory, tax and trade policies that encourage saving and investment.
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American Council for Capital Formation (www.accf.org)