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Admit it: greening the economy will hurt before it helps

A low-carbon transition is bound to make us worse off before it makes us better off — those advocating for it need to be honest

The Green New Deal promoted by Alexandria Ocasio-Cortez, a fast-rising star in the US Congress, and others among her fellow Democrats, may trigger a welcome reset of the discussion on climate-change mitigation in the United States and beyond.

Though not really new — European Greens have been pushing for such a “new deal” for a decade — her plan is ambitious and wide-ranging.

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