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> The Green New Deal, Is Covid-19 a chance to reinvent our economy in the 2020s?
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Doctor Blind
post Jun 9 2020, 02:38 PM
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Twelve years ago the UK Labour government published A green new deal.

It's recommendations were:
  • Government-led investment in energy efficiency and microgeneration which would make 'every building a powerstation'.
  • The creation of thousands of green jobs to enable low-carbon infrastructure reconstruction.
  • A windfall tax on the profits of oil and gas companies - as has been established in Norway - 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.
  • 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.
This was brought back as a proposal in the Labour manifesto in 2019 along with many of its pledges also being matched by the Conservatives - and has recently been picked up and developed by the socialist wing of the Democratic party in America.

Could the recent shock to the oil price and unprecedented intervention in the market by the government be an ideal opportunity to finally pursue these policies and promote more sustainable transport and energy production?

As of tonight the UK will have gone 60 days without using coal to generate power, more than triple the previous longest such period without using coal in the national grid since its inception in 1882.

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Izzy 💀☄
post Jun 9 2020, 03:50 PM
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I fully support the Green New Deal being implemented, I think on the whole those are policies that are very necessary to ensure a lower impact on the environment, one of my top issues. Great stuff on the coal front, I'm always pleased when I see a new milestone of that showing up.

Also I really want those financial reforms, there needs to be some form of intervention in that sector to control it.
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Steve201
post Jun 9 2020, 08:30 PM
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Absolutely support this and it's ridiculous that labour proposed it in 2010 and we are still waiting.

The most important aspect for me is changing our cities to make it more public transport friendly and not allowing cars near them. It would make the city centre a much better place to be in.
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Doctor Blind
post Jun 9 2020, 08:35 PM
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QUOTE(Steve201 @ Jun 9 2020, 09:30 PM) *
The most important aspect for me is changing our cities to make it more public transport friendly and not allowing cars near them. It would make the city centre a much better place to be in.


Yeah the air pollution alone should be a major consideration- it is an unseen killer, if people are that afraid about Covid-19 then they should be just as terrified, if not more, of air pollution because I'm willing to bet that when they look at the factors that increased death rates in those who contracted Coronavirus, air pollution would be high up there.

I think we also need to look at the way we work as well, more flexible home working and perhaps moving to a 4-day working week. It has been shown to boost productivity so why not ?
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Doctor Blind
post Nov 1 2021, 10:57 AM
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COP26 starts this week. Hopefully this major necessary policy will move up the agenda!
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Izzy 💀☄
post Nov 1 2021, 11:07 AM
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Seems like polling around the world is showing that greater climate action is desired by most people (and is the biggest issue in UK at least), I can't say I'm confident that world leaders will respond in kind, but at least COP26 gets them showing and making statements.
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Envoirment
post Nov 1 2021, 12:19 PM
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QUOTE(Iz �� @ Nov 1 2021, 11:07 AM) *
Seems like polling around the world is showing that greater climate action is desired by most people (and is the biggest issue in UK at least), I can't say I'm confident that world leaders will respond in kind, but at least COP26 gets them showing and making statements.


Which means almost nothing. Most countries, particularly in the western world, aren't going far enough. I mean the joke of the recent UK budget just shows their inaction. Most politicians will likely look like they're doing something to appeal to voters, but in actuality aren't implementing the policies to do what needs to be done.

And this doesn't just apply to the UK and it's completely inept government, but governments across Europe and the rest of the world.


This post has been edited by Envoirment: Nov 1 2021, 12:20 PM
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Rooney
post Nov 1 2021, 12:36 PM
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The rhetoric coming out doesn't seem to be very promising. I think it's all very well and good promising developing nations with cash to help them convert and that's all very well and good, but without getting Russia/China/India onboard it seems a fruitless task. Definitely think there can be more done by Western leaders within our own countries, but the reality is while it obviously makes a small difference, it's not going to prevent the global temperatue rises. I'm struggling to see how they can convince India/Russia to commit to more, never mind China.
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Izzy 💀☄
post Nov 1 2021, 12:37 PM
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Oh of course, it's a very minor benefit (in that it MIGHT be used for accountability purposes for election campaigns or something), I won't be happy until a major country enforces drastic action and I don't think we're going to be seeing that until there's a major humanitarian catastrophe.
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Jofall43
post Dec 10 2021, 10:08 AM
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after the way the bbc treated tesla if i was them i would pull out the megapacks that are set to be built in the north.

its so obvious those who protect big fossil fuels are anti tesla bu they are the best cars in all areas, especially safety, so basically costing human lives with this propaganda!
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