The Green New Deal Group, of which I am a member, is actively supporting the launch of a Global Green New Deal today.
As the Guardian has reported:
People around the world need a “global green deal” that would tackle the climate crisis and restore the natural world as we recover from the Covid-19 pandemic, a group of politicians from the UK, Europe and developing countries has said.
They add:
The Global Alliance for a Green New Deal is inviting politicians from legislatures in all countries to work together on policies that would deliver a just transition to a green economy ahead of Cop26 UN climate talks in Glasgow this November.
The alliance includes Caroline Lucas, the Green party's only MP, and Labour's Clive Lewis, as well as MEPs, representatives in Brazil, Argentina, Indonesia, Malaysia and the US among other countries.
This initiative is important for a number of reasons.
First, we only have one planet. There is no way of avoiding climate change on it. In that case co-ordinated action is required.
Second, there are clearly lessons, methods and messages to be shared.
Third, issues like debt relief, and dare I say it, tax co-ordination are part of the process of tackling this issue.
Fourth, so too are ways of finding and negotiating appropriate trading balances.
A political grouping intended to help fund these balances in a chaotic world is vital. I am pleased that this new initiative is under way.
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Sounds promising – good luck!
All looks promising indeed.
I wonder if you have seen the big review of recent(ish) economic books, including the issues of MMT and the Green New Deal in the TLS (9 July). Not my field, as you know, and I’d be especially interested in your comment on what it has to say about “shadow banks/ing” and their overall effects on the ability of MMT to cover the scale of the kinds of international scale problems with which progressive policies, such as Green New Deal, aspire to deal. The review is quite welcoming to MMT and clearly sympathetic to Green New Deal but it has raise, for me, some queries to which, as yet, I don’t – unadvised by you(?) – have answers.
Really would appreciate your ‘take’ on these points.
I have not seen the article
Might you send a link (or a copy by mail)?
Scan of the article in 4 images now being sent to email, Richard.
Thanks