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

Posted on

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.


Thanks for reading this post.
You can share this post on social media of your choice by clicking these icons:

There are links to this blog's glossary in the above post that explain technical terms used in it. Follow them for more explanations.

You can subscribe to this blog's daily email here.

And if you would like to support this blog you can, here:

  • Richard Murphy

    Read more about me

  • Support This Site

    If you like what I do please support me on Ko-fi using credit or debit card or PayPal

  • Archives

  • Categories

  • Taxing wealth report 2024

  • Newsletter signup

    Get a daily email of my blog posts.

    Please wait...

    Thank you for sign up!

  • Podcast

  • Follow me

    LinkedIn

    LinkedIn

    Mastodon

    @RichardJMurphy

    BlueSky

    @richardjmurphy.bsky.social