What exactly is the Green New Deal?

Filed in National by on July 17, 2018

I hadn’t heard of the “Green New Deal” until yesterday. In addition to being a stimulus package that aims to address both financial crises and environmental issues such as climate change, the “Green New Deal” seems to be a no-brainer for any Democrat worthy of the name.

Actual Measures:

  • Government-led investment in energy and resource efficiency, as well as reusable energies and microgeneration;
  • Low-carbon infrastructure redevelopment in order to create jobs;
  • A directed tax on the profits of oil and gas companies with proceeds being invested in renewable energy and energy efficiency;
  • Financial incentives for green investment and reduced energy usage, including low interest rates for green investment;
  • Re-regulation of international finance, including capital controls, and increased scrutiny of financial derivatives – likely along the lines of Basel II;
  • Curbing corporate tax evasion through compulsory financial reporting and by clamping down on tax havens;
  • A Global Marshall Plan Initiative using “green quantitative easing” to create money to fund the “great transition” to a society free of fossil fuels and other measures that aim to preserve the biosphere.

    • Here is is mentioned in context:

    KATRINA VANDEN HEUVEL: I mean, I couldn’t say it better than George just did. I think that we’re witnessing—the old order is disappearing. The new one is not yet born, but it is very powerful. AOC, as I call her, is one example of it. She spoke of movement meets establishment. What’s thrilling also are the issues that are surfacing, where you have Medicare for all now, higher free education. You have a Green New Deal. You have abolition of ICE. And, you know, Alexandria also had a very strong peace economy platform, which speaks to the Democratic Socialist wave. What she said when she won that night, that extraordinary night, was movement meets establishment. And George is right: It’s not just the candidates, which is exciting, but there are movements outside the Democratic Party which are competing to take over the Democratic Party. That will be a long struggle, but we are on the cusp of extraordinary changes. And I would date it from the failure of the Democratic Party to really deal with the financial crisis of 2008, which we’re on the 10th anniversary of soon.

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    Jason330 is a deep cover double agent working for the GOP. Don't tell anybody.

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