25 July 2008

New deal green deal

NEF: "The most serious global crisis since the Great Depression calls for serious reform the like of which has not, yet, been considered by politicians. This entails re-regulating finance and taxation plus a huge transformational programme aimed at substantially reducing the use of fossil fuels and, in the process, tackling the unemployment and decline in demand caused by the credit crunch. It involves policies and new funding mechanisms that will reduce emissions and allow us to cope better with the coming energy shortages caused by peak oil.

The Green New Deal is a response to the credit crunch and wider energy and food crises, and to the lack of comprehensive, joined-up action from politicians. It calls for:

* Massive investment in renewable energy and wider environmental transformation in the UK, leading to,
* The creation of thousands of new green collar jobs
* Reining in reckless aspects of the finance sector – but making low-cost capital available to fund the UK’s green economic shift
* Building a new alliance between environmentalists, industry, agriculture, and unions to put the interests of the real economy ahead of those of footloose finance"
Check it out: a pdf file.

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