The Green New Deal is a global climate change plan that involves political laws and policies that create enhanced natural products. The planet earth is warming at an alarming rate, and the series of escalating climatic events are putting the world in grave peril. The climate initiatives begin with keeping the government laws and industry policies aligned to the future global warming reduction plans. The fossil fuel industry is the main contributor to global warming and makes up a large proportion of energy costs in the United States of America. Certain “stranded assets” are all the fossil fuels that will remain in the ground because of falling demand as well as the abandonment of pipelines, ocean platforms, storage facilities, energy generation plants, backup power plants, petrochemical processing facilities, and industries tightly coupled to the fossil fuel culture. Due to the “Green New Deal” initiative, there will be around $100 trillion of assets that could be carbon stranded.” While the federal government is working towards zero-carbon, green energy powered, solar, hydro, and wind power energy technology replacements, the collapse of the fossil fuel industries is imminent to this transition. Currently, major fossil fuel companies are working on green energy solutions while minimizing their carbon footprint on the environment and in the air. The “Third Industrial Revolution” is coming and it brings cleaner air, water, natural habitats, and wildlife conservation efforts. The “Third Industrial Revolution” is a term that explains the transition between fossil fuel energy and renewable energies. Researchers debate if the future issues in the oil industries transitioning to renewable industries will be pension plans and the American worker divesting from their carbon-inducing companies. The financial strain on the average American worker is an obvious problem of the Third Industrial Revolution because it limits the capabilities of energy industries to efficiently produce their products.
The Green New Deal smart infrastructure will involve every competency: the ICT sector, including telecommunication, cable companies, internet companies, and the electronic industry; power and electric utilities; transportation and logistics; the construction and real estate industries; the manufacturing sector; retail trade; the food; agriculture, and life sciences sectors; and the travel and tourism industries. The new smart sustainable infrastructure, in turn, makes possible the new business models and new kinds of mass employment that characterize the shift to a green economy. Many of the new green deal products will be created by the industries that were previously fossil fueled. The twenty-first century nationwide electrical transmission grid will be replaced and updated to a new highly valuable and smart national power grid giving more access to people in rural and tribal areas. Accessible green energy zero-carbon transportation and logistics sectors will become digitized and transform the GPS-guided and autonomous Mobility Internet made up of smart electric and fuel-cell vehicles powered by renewable energy and running on intelligent road, rail, and water systems. High-tech skilled employees are becoming highly demanded in the job market and economic future of the United States of America. Buildings will need to be retrofitted to increase their energy efficiency and be equipped with renewable energy-harvesting installations and converted into micropower-generating plants. In the future, we can project buildings that are self-reliant energy creators who have the ability to transfer energy to other areas with rapid speed.
Infrastructure is a techno-socio bond that brings together new communications technologies, new energy sources, new mobility, and logistics, and new built environments, enabling communities to more efficiently manage, power, and move their economic activity, social life, and governance.
Communication technology is the brain that oversees, coordinates, and manages the economic energy plan.
Energy is the notion that politics thrives off and creates new pathways to economic achievements for all sized (small, medium, large) energy companies.
Mobility and logistics are extensions that allow communication between government and companies (public and private sectors) that provide goods and services to communities.
Buildings are the outer core of the economic plan. Buildings hold the long-term preservation of green energy efficient capabilities providing safe, and secure places to produce and consume goods and services. Buildings require enhancements through the Third Industrial Revolution transition to become better energy producers for long-term investments.
Socially Responsible Investments (SRI)
SRIs use labor shareholders' activism as a tactical offensive for corporate management changes, and publicizing grievances. The Green New Deal means the world is taking responsibility for how the pool of global pension capital will be invested on behalf of workplaces, communities, and families. Diversify SRIs for capital gains (assets) and negotiate collaborative and responsible liabilities. Public pensions by government entities and employee unions to create investments in renewable energies, green technologies, and energy efficiency initiatives. Big data and algorithm governance of supply chains and logistics operations will also increase the energy companies' aggregate efficiencies in circular business processes. Fully transitioning into powering air travel with cost-effective bio-based energy, Bio-based materials replace Petro chemicals including bio-plastics, bio-based food, feed ingredients, biosurfactants, and bio-lubricants for the Third Industrial Revolution.
Proposed Motion for the Third Industrial Revolution
The federal government must become the facilitator, organizational leader, and liaison for the networks of private sector business consumer products. Government consultants and directors of public relations work together with business sector leaders every day to ensure a climate healthy environment for the good of mankind. Thinking beyond the previous notions of the country first and believing in the possibilities of our unified human existence in a global market. International relations and increase the reliability of global partnerships to make a zero-carbon based world thus reducing the rising climate change crisis. The power of good governance sits on the shoulders of consumers and their driving wants and needs for their daily lives. Climate change affects everyone in every public and private sector. Peer assemblies crossing all the generational cohorts that would continue to work on the construction site over twenty years begin to challenge the status quo. Determining new pathways for cleaner construction infrastructure and innovative internet of things technologies that help the public and private sector workers in their everyday tasks.
Harvesting Global Solar and Wind Energy
The potential for the solar energy sector is phenomenal. The sun beams 470 exajoules of energy to Earth every eighty-eight minutes - equaling the amount of energy human beings use in a year. If we could grab hold of one-tenth of 1 percent of the sun’s energy that reaches Earth, it would give us six times the energy we now use across the global economy. The sun is the ultimate energy conductor that shines every minute of the day and is a global commodity that must be harvested for the future of mankind’s energy consumption. A Standford University study on the global wind capacity concluded that if 20 percent of the world’s available wind was harvested, it would generate seven times more electricity than we currently use to run the entire global economy.
Renewable Energy Internet Pillars
Buildings will need to be refurbished and retrofitted to make them more energy efficient so that solar energy technology can be installed to generate power for immediate use or for delivery back to the electricity grid for compensation.
Ambitious targets must be set to replace fossil fuels and nuclear power with solar- and wind-generated energy and other renewable energy sources. Relying on federal, state, and local governments to create incentives to motivate early adopters to transform buildings and property sites into micro power-generating facilities.
Storage technologies, including batteries, hydrogen fuel cells, water pumping, etc., will need to be embedded at local generation sites and across the electricity grid to manage both the flow of intermittent green electricity and the stabilization of peak and base loads.
Advanced meters and other digital technology will need to be installed in every building to transform the electricity grid from the current servomechanical operation to digital connectivity capable of managing multiple sources of green electricity flowing to the grid from local generators. The distributed smart electricity infrastructure will enable formerly passive consumers of electricity to become active managers of their own green electricity.
Creating parking spaces equipped with green electricity charging stations that allow electric vehicles (EV) to secure power from the new Energy Internet. These green electricity charging stations can easily access the energy storage system of the Energy Internet that will send electricity back and forward to the grid during peak demand. The construction of a national smart grid across the country will serve as the foundation structure of the Energy Internet and create accessibility for green energy consumers in urban and rural areas of the country. Reaching beyond the ability
The struggle of fossil fuels means it is cost-competitive, technology logically feasible or commercially viable. The best thing to do with fossil fuels is to keep them in the ground and stop digging for energy when the bi-products harm humankind. Carbon capture and storage technology should not be confused with natural carbon sequestration brought on by carbon farming, reforestation, and other organic processes that absorb CO2 from the atmosphere. The fossil fuel industry still seeks to invest in carbon capture experimentations and create scientific reports of their technical and commercial viability. Carbon capture and storage technology is a three-part process, beginning with the capture of CO2 emissions produced from electricity generation and industrial processes. The captured CO2 is subsequently transported by road tanks, ships, and pipelines to storage facilities. The carbon is then stored deep under the ground in geological rock formations. The future of the Green New Deal involves the psychological shifts in the energy industry. The Third Industrial Revolution infrastructure builds new transitional technology to the ultimate “green technology future.”
ESCOs: The Business Model for the Green New Deal
The business model for the energy service company relies on the “performance contracting” of private-public interactions to secure profits instead of a buyer/seller system. Performance contracts replace buyer/seller systems with a provider/user network that ESCO takes 100 percent of the responsibility for financing all the work and secures a return on its capital investments based on its success in generating the new green energies and efficiencies being contracted. State and local governments have the biggest profit from these ESCO business models to increase public awareness of smart technology, the internet of things, energy internet systems for electric vehicles, and green-powered government buildings. Statewide- and local-municipal governments have the ability to negotiate a performance contract with ESCOs that can enhance the accessibility of electric energy to their departments and to the local businesses that need them most. For instance, parking garages in apartment complexes, hotel EV charging stations, grocery store electric consumption, neighborhoods with EV stations, collecting electric energy. ESCOs have the ability to transition the normal one-way producer-consumer model into a fluid transition of energy once initial consumers access technology that can frequently give created energy back to the energy internet smart grid.
Key Initiatives of the Green New Deal
The federal government should impose a carbon tax with a significant portion of the revenues returned to US citizens through lump-sum rebates so that families and the vulnerable, will receive more in carbon dividends than they pay in higher energy prices. The remainder can be used by Federal, State, and Local governments that help finance the Green New Deal infrastructure.
The Federal government must establish a phase-out of annual fossil fuel subsidies.
Federal and State lawmakers must prepare and deploy a national smart power grid across the United States to provide sufficient green electricity capacity to power a nationwide smart distributed Third Industrial Revolution infrastructure.
Federal, state, municipal, and county governments should provide tax credits and other incentives to encourage the accelerated installation of solar, wind, and hydroelectric technologies. Microgrid cooperatives should easily be able to transition to new energy sources generating shared energy for consumption.
Federal, state, municipal, and county governments must introduce broadband and the Internet of Things to rural and disadvantaged communities.
Federal tax credits for installing 100 percent renewable energies on and around data center facilities to run securely and off-grid in events of climate-related issues or cyberterrorism.
Federal and state tax credits should be granted for electric vehicles and graduated tax hikes should be imposed on carbon-emitting vehicles. The transition of state laws from eliminating sales of combustion vehicles to promoting electric vehicles that take green energy from the state and local smart grids.
Granting vouchers for the disadvantaged to trade in combustion vehicles must be phased into state laws in order to keep up with federal legislation to reduce carbon emissions within the next generations.
Federal, state, municipal, and county tax credits for installing electric charging stations in and around residential, commercial, and industrial building sites to power electric vehicles.
The transition of all federal properties to completely green zero-emission assets and infrastructure. These properties around the country will help promote the Green New Deal ideological shift and advance innovative thinking toward new green industry creations.
Building stocks of green energy producers and investments by consumers who are in residential, commercial, industrial, and institutional industries. Renewable energy producers must be given incentives to build their stock profits and gain investors. This action will balance the fossil fuel stocks and make new businesses committed to green technologies.
Phasing out petrochemical agriculture and introducing organic and ecological agricultural practices to boost regional agriculture production. Moving toward 100 percent organic certification for all agriculture that is made for consumption. It will give us healthier food options and keep the agriculture industry trucks, tractors, and machines at zero-carbon emissions.
Encourage local farmers to utilize carbon-farming techniques and reforest their plots that were previously demolished for fossil fuels. Grants, tax credits, and loan subsidies can be provided to these farming industries where electric technologies in tractors, machinery, and other agriculture tools have not been invented for local farmers or utilized due to the financially disadvantaged.
Prioritize and finance the upgrading of all water systems, sewage systems, and stormwater drains. Restoring and creating new infrastructure for water systems that can improve water systems.
Build energy circular processes into every supply chain and across every industry. Federal, state, municipal, and local governments must change all aspects of the economy, civil society, and governance, and provide appropriate incentives and penalties.
Climate disaster response teams and military personnel are ready to help the public respond to and recover from natural disasters.
Green banks should be used to leverage funds and financing for public and private pension funds and other investment capital for scaled green infrastructure.
Union pensions fund capital that creates green infrastructure and technologies must be protected from advisory sectors. Organizing the rights of workers and safeguarding their collective bargaining to ensure productivity.
Student-led sectors that help with green energy production. Green Crops, Climate Corps, Conservation Corps, and Infrastructure Corps will give standard living expenses to high school and college graduates in entry-level positions with industries in the communities. Building a smart grid workforce capable to use new green technologies and determine new pathways for smart grid invested companies.
Closing the equitable tax laws gaps between the disparity communities and very wealthy communities. Giving the New Green Deal the opportunity for lower and middle-income communities to utilize in their daily lives.
Build timeframes for public departments and private entities to integrate broadband, renewable energy power generation, and distribution, autonomous eclectic and fuel-cell vehicle transportation, zero-emission Internet of Things model buildings, regulation codes, and standards for an interconnected and uninterrupted smart IoT Third Industrial Revolution.
The US government joins the international organizations and countries that are willing to collaborate to identify, support, and implement the universal codes, regulations, standards, and incentives and penalties for global interconnectivity of green energy supplies for economic trade. The US must be a green energy leader invested in creating energy that can be transitioned through shared international smart grid technologies even across the Pacific and Atlantic oceans.