The Green New Deal

The global economy faces multiple, linked crises. It is a combination of accelerating climate breakdown driven by fossil fuel use, corrosive inequality, and debt-fuelled over-consumption by a global minority pushing us beyond planetary ecological boundaries. These overlapping factors threaten to develop into a perfect storm making social collapse highly likely. To help prevent this from happening, and to lay the foundations of the economic systems of the future, we need a Green New Deal.

There is still time. Act now and a positive course of action based on the framework set out in the Green New Deal can pull the world back from economic and environmental meltdown.

Green Recovery Bonds: Funding green homes for all

12 May 2021

Bringing skills and jobs to all parts of the UK could be achieved by a new proposal from the Green New Deal Group, which calls on the Chancellor Rishi Sunak to unveil a new, market leading ‘Green Recovery Bond’ ISA this summer. The report, Green Recovery Bonds: Funding green homes for all, by Group members Colin Hines and Richard Murphy suggests that the tens of billions of pounds this could raise should be spent making all the UK’s 30 million buildings energy efficient, and so create jobs in every constituency.

Green stimulus plan could create 1.2m UK jobs in two years, says new research from Green New Deal UK

20 April 2021

The Guardian report on new research from Green New Deal UK that shows that every job lost to Covid pandemic could be replaced in upcoming recovery years. A stimulus programme focused on green and digital infrastructure, research and development, energy and care work could create more than 1.2m jobs within two years and more than 2.7m jobs during the next decade, according to the research.

The need and opportunity for green recovery & why we need ecological interest rates

3 March 2021

To re-engineer the economy it is going to take more than a few new policies and slight shifts in spending priorities. We’ve long known that we can afford necessary action. Now we need to change the way we talk about economics and how its purpose is understood. Is it possible to imagine a world in which the money system, and the prices placed on money, operate in such a way that they help resize the economy to fit within planetary boundaries? asks Green New Deal Group member, Andrew Simms

About the group

Meeting since early 2007, the membership of the Green New Deal Group is drawn to reflect a wide range of expertise relating to economics and politics, and the climate, nature and inequality crises. The views and recommendations of the Green New Deal Group set out in a series of reports starting in 2008, are those of the group writing in their individual capacities.

The Green New Deal Group is, in alphabetical order:

Larry Elliott, Economics Editor of the Guardian, Colin Hines, Co-Director of Finance for the Future, former head of Greenpeace International’s Economics Unit, Jeremy Leggett, founder of Solarcentury and SolarAid, Clive Lewis, Labour MP, Caroline Lucas, Green Party MP, Richard Murphy, Professor of Practice, City University, Director Tax Research LLP, Ann Pettifor, Director, Policy Research in Macroeconomics (PRIME), Charles Secrett, Advisor on Sustainable Development, former Director of Friends of the Earth, Andrew Simms, Co-Director, New Weather Institute; Coordinator, The Rapid Transition Alliance, Assistant Director, Scientists for Global Responsibility. Geoff Tily Senior Economist, TUC.