News

Prospects for 2022: Andrew Simms reads the economic runes

Each year the Financial Times polls a group of economic analysts on what they think the next year holds in store for the UK. Green New Deal Group member Andrew Simms took part in the survey, and argues that huge economic threats are balanced by equally large opportunities to solve multiple problems by investing in the economy’s low-carbon, rapid transition

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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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