"A Green New Deal" was a report released in the

United Kingdom The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain, is a country in Europe, off the north-western coast of the European mainland, continental mainland. It comprises England, Scotlan ...

on 21 July 2008 by the Green New Deal Group and published by the

New Economics Foundation The New Economics Foundation (NEF) is a British think-tank that promotes "social, economic and environmental justice". NEF was founded in 1986 by the leaders of The Other Economic Summit (TOES) with the aim of working for a "new model of wealth ...

, which outlines a series of policy proposals to tackle

global warming In common usage, climate change describes global warming—the ongoing increase in global average temperature—and its effects on Earth's climate system. Climate change in a broader sense also includes previous long-term changes to E ...

, the current financial crisis, and

peak oil Peak oil is the hypothetical point in time when the maximum rate of global oil production is reached, after which it is argued that production will begin an irreversible decline. It is related to the distinct concept of oil depletion; whil ...

. The report calls for the re-regulation of finance and

taxation A tax is a compulsory financial charge or some other type of levy imposed on a taxpayer (an individual or legal entity) by a governmental organization in order to fund government spending and various public expenditures (regional, local, o ...

, and major government investment in renewable energy sources. Its full title is: ''A Green New Deal: Joined-up policies to solve the triple crunch of the credit crisis, climate change and high oil prices''.

Recommendations

* Government-led investment in

energy efficiency Energy efficiency may refer to: * Energy efficiency (physics), the ratio between the useful output and input of an energy conversion process ** Electrical efficiency, useful power output per electrical power consumed ** Mechanical efficiency, a ra ...

and

microgeneration Microgeneration is the small-scale production of heat or electric power from a "low carbon source," as an alternative or supplement to traditional centralized grid-connected power. Microgeneration technologies include small-scale wind turbin ...

which would make 'every building a powerstation'. * The creation of thousands of

green jobs Green jobs (green-collar jobs, sustainability jobs, eco jobs or environmental jobs) are, according to the United Nations Environment Program, "work in agricultural, manufacturing, research and development (R&D), administrative, and serv ...

to enable

low-carbon A low-carbon economy (LCE) or decarbonised economy is an economy based on energy sources that produce low levels of greenhouse gas (GHG) emissions. GHG emissions due to human activity are the dominant cause of observed climate change since the mi ...

infrastructure reconstruction. * A windfall tax on the profits of oil and gas companies - as has been established in

Norway Norway, officially the Kingdom of Norway, is a Nordic country in Northern Europe, the mainland territory of which comprises the western and northernmost portion of the Scandinavian Peninsula. The remote Arctic island of Jan Mayen and the ...

- so as to provide revenue for government spending on renewable energy and energy efficiency. * Developing financial incentives for green investment and reduced energy usage. * Changes to the UK's financial system, including the reduction of the Bank of England's interest rate, once again to support green investment. * Large financial institutions - 'mega banks' - to be broken up into smaller units and green banking. * The re-regulation of international finance: ensuring that the financial sector does not dominate the rest of the economy. This would involve the re-introduction of

capital controls Capital controls are residency-based measures such as transaction taxes, other limits, or outright prohibitions that a nation's government can use to regulate flows from capital markets into and out of the country's capital account. These measures ...

. * Increased official scrutiny of exotic financial products such as derivatives. * The prevention of corporate tax evasion by demanding financial reporting and by clamping down on

tax havens A tax is a compulsory financial charge or some other type of levy imposed on a taxpayer (an individual or legal entity) by a governmental organization in order to fund government spending and various public expenditures (regional, local, or ...

In the UK

Although the politicians have used the term Green New Deal, it remains largely unimplemented in the form that it was originally proposed. Larry Elliott, the Guardian newspaper's economics editor and one of the originators of the idea, wrote in 2020 that perhaps the policy might be first trialled "in one of the UK’s big cities – Manchester or Glasgow, say – to see whether a GND creates jobs, cuts emissions and generates a new wave of profitable environmental innovation".

Authors

The authors of "A Green New Deal" are: *

Larry Elliott Larry Elliott is an English journalist and author who focuses on economic issues. He is the economics editor at ''The Guardian'', and has published seven books on related issues, six of them in partnership with Dan Atkinson. Early life Elliott ...

, economics editor of ''

The Guardian ''The Guardian'' is a British daily newspaper. It was founded in 1821 as ''The Manchester Guardian'', and changed its name in 1959. Along with its sister papers ''The Observer'' and ''The Guardian Weekly'', ''The Guardian'' is part of the Gu ...

'' * Colin Hines, co-director of ''Finance for the Future'' *

Tony Juniper Anthony Juniper (born 24 September 1960) is a British campaigner, writer, sustainability advisor and environmentalist who served as Executive Director of Friends of the Earth, England, Wales and Northern Ireland. He was Vice Chair of Friends ...

, former director of Friends of the Earth *

Jeremy Leggett Jeremy Leggett is a British social entrepreneur and writer. He founded and was a board director of Solarcentury from 1997 to 2020, an international solar solutions company, and founded and was chair of SolarAid, a charity funded with 5% of Sola ...

, founder and chairman of

Solarcentury Solarcentury is the UK's largest solar company. Solarcentury was founded in 1998 by former oil geologist Jeremy Leggett, and had an annual turnover of £168 million in 2015–16. The company is in partnership with Panama-based private equity fi ...

and

SolarAid SolarAid is an international development charity which is working to create a sustainable market for solar lights in Africa. In line with the Sustainable Development Goal 7: "Ensure access to affordable, reliable, sustainable and modern energy f ...

* Caroline Lucas,

Member of Parliament A member of parliament (MP) is the representative in parliament of the people who live in their electoral district. In many countries with bicameral parliaments, this term refers only to members of the lower house since upper house members o ...

for

Brighton Pavilion The Royal Pavilion, and surrounding gardens, also known as the Brighton Pavilion, is a Grade I listed former royal residence located in Brighton, England. Beginning in 1787, it was built in three stages as a seaside retreat for George, Prin ...

, former leader of the

Green Party of England and Wales The Green Party of England and Wales (GPEW; cy, Plaid Werdd Cymru a Lloegr, kw, Party Gwer Pow an Sowson ha Kembra, often simply the Green Party or Greens) is a green, left-wing political party in England and Wales. Since October 2021, Carla ...

, and former

Member of the European Parliament A Member of the European Parliament (MEP) is a person who has been elected to serve as a popular representative in the European Parliament. When the European Parliament (then known as the Common Assembly of the ECSC) first met in 1952, its ...

* Richard Murphy, co-director of Finance for the Future and director of Tax Research LLP *

Ann Pettifor Ann Pettifor (born February 1947) is a British economist who advises governments and organisations. She has published several books. Her work focuses on the global financial system, sovereign debt restructuring, international finance and sust ...

, former head of the

Jubilee 2000 Jubilee 2000 was an international coalition movement in over 40 countries that called for cancellation of third world debt by the year 2000. This movement coincided with the Great Jubilee, the celebration of the year 2000 in the Catholic Churc ...

debt relief campaign and campaign director of Operation Noah *

Charles Secrett Charles Secrett is an environmental activist and was head of Friends of the Earth England, Wales and Northern Ireland in 1993–2003. He is an author and broadcaster on environmental topics. Secrett was a member of the Labour Government's Comm ...

, advisor on sustainable development, former director of Friends of the Earth * Andrew Simms, policy director of the

References

External links

Full text of ''A Green New Deal'' from the New Economics Foundation

The Green New Deal Group

UNEP Global Green New Deal

Caroline Lucas on A Green New Deal at the Guardian

''A green New Deal: Green, easy and wrong''
article at

The Economist ''The Economist'' is a British weekly newspaper printed in demitab format and published digitally. It focuses on current affairs, international business, politics, technology, and culture. Based in London, the newspaper is owned by The Eco ...

Support the Green New Deal for Europe

Labour members launch Green New Deal inspired by US activists
Author - Matthew Taylor. Published by

on 22 March 2019. {{DEFAULTSORT:Green New Deal Environmental policy 2000s economic history Low-carbon economy Climate change mass media

Recommendations

In the UK

Authors

See also

References

External links