The case for a green stimulus is very clear: all that is required is political will

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The UK Climate Change Committee has issued a review of progress today. It both makes worrying reading, on what has not happened, and offers hope. I'll concentrate on the hope. Start with this from the summary:

And then add this, also from the summary, which endorses a Green New Deal:

This is the summary of recommendations:

And I'd add this from chapter 5 on why economics supports the case for climate change now:

We will need to recover from the coronavirus crisis. Only a Green New Deal can do that.

And funding it is really not hard. First, there's modern monetary theory. And there is also a savings glut. All that is required is political will.

That word 'all' is, however, critical.


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