A Climate for Change
The case for a global green expansion
In its flagship report titled “Trade and Development Report 2019,” the UN’s trade and development body, UNCTAD, has warned that weaker growth in both advanced and developing countries means the possibility of a global recession in 2020 is a clear and present danger. The report also highlighted increased green investment, which it said would be a significant source of income and jobs. The report also suggests that meeting the financing demands of the Agenda 2030 requires rebuilding multilateralism around the idea of a Global Green New Deal, and pursuing a financial future very different from the recent past. The place to begin building such a future is with a serious discussion of public financing options, as part of a wider process of repairing the social contract on which inclusive and sustainable outcomes can emerge and from which private finance can be engaged on more socially productive terms. Here is an extract from the report related to the Green New Deal.
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