The world needs leaders with the vision to forge New Deal-type policies to confront the potentially disastrous combination of climate change, high inflation and economic slowdown, a British research group said.
The recommendation is made in “A New Green Deal,” a report by the New Economics Foundation. It uses the convergence of the credit crisis, climate change and booming food and fuel prices to argue for new economic policies similar to those instituted in the United States from 1933 to 1938.
Read more at the International Herald Tibune, or at the New Economics Foundation. You can download the report here.
Also in The Netherlands, the buzz is in, by Green Party leader Femke Halsema urging for a Green Deal in the Netherlands to revive from the credit crisis and to develop (a.o.) moral codes of behaviour and investment for banks.
Let’s see how this works out in some months, when the big international banks probably fail to stay alive, despite the huge injections from governments in the US and major European countries. Are we ready for a Green New Deal? Or already too late?
