Green New Deal

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Interest ofInstitute for New Economic Thinking

The Green New Deal (GND) is a proposed package of United States legislation that aims to address climate change and economic inequality.[1][2][3][4] The name refers back to the New Deal, a set of social and economic reforms and public works projects undertaken by President Franklin D. Roosevelt in response to the Great Depression.[5]

The Green New Deal combines Roosevelt's economic approach with modern ideas such as renewable energy and resource efficiency.[6][7]

In the 116th United States Congress, it is a pair of resolutions, House Resolution 109 and S. Res. 59, sponsored by Rep. Alexandria Ocasio-Cortez (D-NY) and Sen. Ed Markey (D-MA). On March 25, 2019, Markey's resolution failed to advance in the US Senate in a margin of 0–57, with most Senate Democrats voting "present" in protest of an early vote called by Republicans.[8] There is consistently high support among Democrats for the proposal, whereas almost all Republicans are in opposition.[9]

The first US politician to run on a Green New Deal platform was Howie Hawkins of the Green Party of the United States when he ran for governor of New York in 2010.[10] Green Party presidential candidate Jill Stein ran on a Green New Deal platform in 2012 and 2016.[11]

Since the early 2000s, and especially since 2018, other proposals for a "Green New Deal" have arisen both in the United States and internationally.[12]

On Fire

In September 2019, Naomi Klein published "On Fire: The Burning Case for a Green New Deal" which is a collection of essays focusing on climate change and the urgent actions needed to preserve the planet. Klein relates her meeting with Greta Thunberg in the opening essay in which she discusses the entrance of young people into those speaking out for climate awareness and change.

Klein supports the Green New Deal throughout the book and in the final essay she discusses the US/2020 Presidential election saying:

"The stakes of the election are almost unbearably high. It’s why I wrote the book and decided to put it out now and why I’ll be doing whatever I can to help push people toward supporting a candidate with the most ambitious Green New Deal platform—so that they win the primaries and then the general."[13]

United Kingdom

"A Green New Deal" was a report released in the UK on 21 July 2008 and published by the New Economics Foundation, which outlines a series of policy proposals to tackle global warming, the financial crisis and peak oil.[14] The report called for the re-regulation of finance and taxation, and major government investment in renewable energy sources. Its full title is: "A Green New Deal: Joined-up policies to solve the triple crunch of the credit crisis, climate change and high oil prices".[15]

The Labour Party’s 2019 annual conference committed to implementing a Green New Deal, which aims to decarbonise the UK economy by 2030. The idea for a GND first emerged in the wake of the financial crisis of 2008, when a group of economists and policymakers – including the MP Caroline Lucas, the economist Ann Pettifor and The Guardian’s economics editor Larry Elliott – advocated a decarbonising stimulus programme in response to the financial crash.[16] However, the Labour Party's defeat in the UK/2019 General Election meant that its manifesto, which embraced many GND proposals, was not implemented.[17] Larry Elliott wrote in 2020 that perhaps the policy might be first trialled "in one of the UK’s big cities – Manchester or Glasgow, say – to see whether a GND creates jobs, cuts emissions and generates a new wave of profitable environmental innovation".[18]

European Union

On continental Europe, the European Spring coalition campaigned under the banner of a "Green New Deal" for the 2019 EU elections. In December 2019, the newly elected European Commission under Ursula von der Leyen presented a set of policy proposals under the name European Green Deal. Compared to the United States plan, it has a less ambitious decarbonisation timeline, with an aim of carbon neutrality in 2050. The policy proposal involves every sector in the economy and the option of a border adjustment mechanism, a 'carbon tariff', is on the table to prevent carbon leakage from outside countries.

A pilot program for a four-day workweek, under development by Spain's Valencian Regional Government, has been described as a "helpful counter to ... fearmongering about the bleak, hamburger-free world climate activists are allegedly plotting to create with a Green New Deal."

In April 2020 the European Parliament called to include the European Green Deal in the recovery program from the COVID-19/Pandemic.

The current proposals have been criticised for falling short of the goal of ending fossil fuels, or being sufficient for a green recovery after the covid-19 pandemic. In its place, it has been proposed that the EU enacts a "Green New Deal for Europe", which includes more investment, and changes the legal regulation that enables global warming from coal, oil, and gas to continue.[19]

 

Related Document

TitleTypePublication dateAuthor(s)Description
Document:Internalised Dangerblog post6 November 2020Craig MurrayAmerica urgently needs a radical dose of social and economic reform as championed by Bernie Sanders. It needs the Green New Deal, and the world needs a real commitment in Washington to environmentalism.
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References

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