Resilient response

step change

The green new deal

Around the world governments are intervening in the economy in ways that would have once seemed unimaginable. This blog thread explores the responses to the pandemic emerging around the world, and the policy proposals and practical approaches that might see us emerge, re-set and equipped to respond to the interlinked crises in climate, nature and inequality.

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The challenge we are currently facing is unprecedented in its scale, nature and impact. Around the world governments are intervening in the economy in ways that would have once seemed unimaginable. This blog explores the responses to the pandemic emerging around the world, and explores the policy proposals and approaches that might see us emerge, re-set and equipped to respond to the crises in climate, nature and inequality

It would seem that Green Bonds are in vogue – but we have to get them right

Feb 28, 2021

Writing ahead of the Spring budget, Green New Deal Group member Richard Murphy explores what needs to happen to ensure that Green bonds contribute to a Green New Deal. As Richard sets out, if bonds are to be used to fund the recovery three things are essential. First they have to pay an above average rate of interest. Second, they have to be government guaranteed. Third, the link to investment has to be very obvious and real.

A budget for a green recovery: A special session of the APPG on the Green New Deal and the APPG on Limits to Growth

Feb 24, 2021

This special meeting, co-hosted by the APPG on the Green New Deal and the APPG on Limits to Growth, ahead of the budget on 3rd March explores a range of the options available to the Chancellor from government borrowing while interest rates are low, to redirecting de-facto subsidies in fossil fuels to a wealth tax and a new green home for the nation’s savings. Chaired by Caroline Lucas MP and Clive Lewis MP with evidence from: Lord Adair Turner, Chair, Energy Transitions Commission, Senior Fellow, Institute for New Economic Thinking; Miatta Fahnbulleh, Chief Executive, New Economics Foundation; Robert Palmer, Executive Director, Tax Justice UK, and; Dr Suzy Morrisey, Wellbeing Economy Alliance, New Zealand, former Policy and Engagement Lead for the Living Standards Framework, NZ Treasury

To save the planet, we need a green new deal

Feb 15, 2021

In a letter to the Guardian, Richard Murphy and Colin Hines make the case for a Green New Deal to overcome the social and employment effects of the Covid pandemic. They explain how a multibillion-pound programme to make all of the UK’s 30 million buildings energy efficient could be rolled out in time to act as a global exemplar for Cop26 in Glasgow this November. “Saving for the planet” is also likely to be extremely popular politically, given the growing public support for tackling the climate crisis.

A new approach is needed to fund recovery and set the agenda for COP26

Jan 14, 2021

Writing for the Green Alliance blog, Green New Deal Group member Colin Hines makes the case for a green recovery, and a new way to fund it: Last year was certainly the ultimate grim “Events dear boy, events” year. On the brighter side, despite Covid having drained...

UK economists survey: A green recovery could reverse inequality and meet the climate emergency

Jan 7, 2021

Each year the Financial Times investigates the UK’s upcoming economic prospects with a survey of economic analysts. Green New Deal Group member, and New Weather Institute co-founder Andrew Simms, shared his thoughts on prospects for the year to come. As Andrew sets out, substantial public investment could set the UK on a path compatible with meeting the 1.5°C climate target can underpin recovery, levelling-up and building back a better, greener, more equal Britain.