{"id":55555,"date":"2021-02-16T06:58:33","date_gmt":"2021-02-16T06:58:33","guid":{"rendered":"https:\/\/www.taxresearch.org.uk\/Blog\/?p=55555"},"modified":"2021-02-16T06:58:33","modified_gmt":"2021-02-16T06:58:33","slug":"to-save-the-planet-we-need-a-new-type-of-growth","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2021\/02\/16\/to-save-the-planet-we-need-a-new-type-of-growth\/","title":{"rendered":"To save the planet, we need a new type of growth"},"content":{"rendered":"<p>Colin Hines and I have <a href=\"https:\/\/www.theguardian.com\/environment\/2021\/feb\/15\/to-save-the-planet-we-need-a-new-type-of-growth\" target=\"_blank\" rel=\"noopener noreferrer\">this letter in The Guardian<\/a> today:<\/p>\n<blockquote>\n<p class=\"css-38z03z\"><span class=\"css-1r9pv9q\"><span class=\"css-1ac5g5w\">T<\/span><\/span><span class=\"css-38z03z\">here is no better example of what Larry Elliott perceptively terms \u201ccapitalism for dummies\u201d, whereby our political systems self-destructively fail to tackle the climate and biodiversity crisis, than the unspent 95% of the green homes programme (<a title=\"\" href=\"https:\/\/www.theguardian.com\/commentisfree\/2021\/feb\/10\/planet-public-biodiversity-crisis-pandemic\" data-link-name=\"in body link\">We\u2019re on a collision course with the planet. But with public support, that can change<\/a>, 10 February).<\/span><\/p>\n<p class=\"css-38z03z\">To reverse this trend, and overcome the social and employment effects of the Covid pandemic, will require a new form of growth \u2014 one which only supports an increase in economic activity that improves social conditions, creates secure, adequately paid jobs and seriously addresses the environmental crisis.<\/p>\n<p class=\"css-38z03z\">Just as it appears that the government is beginning to take back control of the NHS from inefficient aspects of private-sector involvement, so the same kind of \u201csmart, activist state\u201d is required to decarbonise and make energy-efficient the UK\u2019s 30m buildings. Such a massive programme providing jobs in every constituency could be paid for by offering green Isas at an interest rate of, say, 1% to attract huge swathes of the \u00a370bn invested in this annually. This programme could be underwritten by green quantitative easing, whereby the Bank of England electronically creates the money involved and no government debt is incurred.<\/p>\n<p class=\"css-38z03z\">Such a multibillion-pound programme could be rolled out in time to act as a global exemplar for Cop26 in Glasgow this November. \u201cSaving for the planet\u201d is also likely to be extremely popular politically, given the growing public support for tackling the climate crisis.<\/p>\n<p class=\"css-38z03z\"><strong>Richard Murphy\u00a0<\/strong><em>Visiting professor of accounting, Sheffield University<\/em><em> Management School\u00a0<\/em><\/p>\n<p class=\"css-38z03z\"><strong>Colin Hines\u00a0<\/strong><em>Convenor, UK Green New Deal Group<\/em><\/p>\n<\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>Colin Hines and I have this letter in The Guardian today: There is no better example of what Larry Elliott perceptively terms \u201ccapitalism for dummies\u201d,<br \/><a class=\"moretag\" href=\"https:\/\/www.taxresearch.org.uk\/Blog\/2021\/02\/16\/to-save-the-planet-we-need-a-new-type-of-growth\/\"><em> Read the full article&#8230;<\/em><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35,74,106],"tags":[],"class_list":["post-55555","post","type-post","status-publish","format-standard","hentry","category-economics","category-green-new-deal","category-politics"],"_links":{"self":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/55555","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/comments?post=55555"}],"version-history":[{"count":0,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/55555\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/media?parent=55555"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/categories?post=55555"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/tags?post=55555"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}