The Green New Deal (GND) proposes to tackle climate change and inequality. It’s becoming increasingly popular both in the UK and in the US. But what exactly is it? Here’s Adapt’s six point guide to the GND:
The GND was hatched in Gordon’s Wine Bar in London in 2007 by Larry Elliot and Colin Hines. Larry and Colin founded the Green New Deal Group to further the idea.
GND aims to be a more ecological and socially just version of President Roosevelt’s New Deal, created in response to the Great Depression in 1930s America.
The GND calls for ‘investment in green infrastructure of at least £50 billion a year, which will benefit every community in Britain, providing skilled-jobs, making homes warmer and keeping energy costs down’.
The GND would be funded by tackling tax evasion, ‘green quantitative easing’, bank controls, green pension funds and the buying out and re-directing of private finance initiative debt repayments into green infrastructure.
The GND was picked up by Alexandria Ocasio-Cortez and formed a major part of her successful 2018 campaign to be the youngest US congresswoman in history.