Mike Bloomberg says Green New Deal ‘stands no chance,’ offers alternative plan

But despite catching fire with many liberals and winning the endorsement of several Democratic presidential contenders, the Green New Deal faces significant opposition from within the party. Speaker Nancy Pelosi dismissed Ocasio-Cortez’s call to establish a select committee to develop the Green New Deal and instead installed Rep. Kathy Castor to head a special panel on climate change.

Republicans have dismissed it as a job-killing pipe dream. Senate Majority Leader Mitch McConnell says he’ll schedule a vote on the plan, a move that would force Democrats to publicly support or reject the initiative.

Free from the demands of running a presidential campaign, Bloomberg says he will expand his support for the Beyond Coal campaign, a push to retire all U.S. coal-fired power plants within 11 years.

Apparently channeling Republican barbs, he said, “That’s not a pipe dream. We can do it.”

Bloomberg says he’ll also launch the Beyond Carbon campaign, which will seek to reduce the role of oil and natural gas in the U.S. energy mix and set a course for a “100 percent clean energy economy.”

Some energy researchers and policymakers warn that racing to achieve the Green New Deal’s goals in just 10 years would potentially create unintended consequences, spark public backlash and undermine the transition to clean energy. Its backers say the risks posed by climate change and years of inaction mean the U.S. cannot afford to pursue a more conservative approach.

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