November 25, 2020

Tilting at windmills: are there downsides to a ‘green recovery’?

ECONOMY FORUM: The idea of a green recovery from the current slump almost seems like a self-evident good. Who would not want the economy to reach and then exceed the levels of output achieved before the Covid-19 pandemic? And who would not support a cleaner environment or the creation of large numbers of jobs? But dig a little deeper and it becomes clear that things are not as straightforward as they seem. What, for example, are advocates of a green new deal arguing for when they call for a ‘reset’ of the economy? Is the new economy they envisage as positive as it first sounds? Why do they put so much emphasis on tackling inequality? Daniel Ben-Ami and Rob Lyons discuss.

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