News

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

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.

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

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

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To save the planet, we need a green new deal

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.

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

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.

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Lessons from Lockdown: The possibilities of rapid change

This report brings together lessons from the experience of the Covid-19 pandemic ranging across our transport and food systems, working life, arts, culture and consumerism, nature, the logistical challenges of achieving rapid change, mutual aid and leadership during crises by communities. It reveals that people can act rapidly, using the best information at the time, and focus effort and resources with laser-like accuracy where they were needed. The same can be done in the challenge of preserving a habitable climate.

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