General Discussion
In reply to the discussion: Seems the "Green New Deal" isn't such a new idea, nor revolutionary. [View all]PhrankT
(113 posts)Friedmans ideas made it into the mainstream the following year when presidential candidate Barack Obama added a Green New Deal to his platform.
In 2009, the United Nations drafted a report calling for a Global Green New Deal to focus government stimulus on renewable energy projects.
A month later, Democrats landmark cap-and-trade bill meant to set up a market where companies could buy and sell pollution permits and take a conservative first step toward limiting carbon dioxide emissions passed in the House with the promise of spurring $150 billion in clean energy investments and creating 1.7 million good-paying jobs.
But, by 2010, austerity politics hit.
The cap-and-trade bill, known as the American Clean Energy and Security Act, died in the Senate.
In Britain, the Labor Party, acting on a proposal that a team of economists calling themselves the Green New Deal Group drafted, established a government-run green investment bank to bolster renewable energy only for the conservative Tories to sweep into office months later and begin the process of privatizing the nascent institution.
Balanced budgets and deficit hysteria became the dogma of governments across the developed world.
Talk of a Green New Deal withered on the vine.
Great Post
It is really interesting to read the history of the Green New Deal, the attempts by Democrats in the US as well as the Labor Party in UK to bring about such positive green deals, only to be stopped, predictably, by the conservative Torries in UK and the Republicans in the US Senate.