“The beauty of a Green New Deal is that it would pay for itself”, writes Ann Pettifor.
To raise the money for a green deal, governments would have to draw on their equivalent of a giant credit card, but would also be able to take advantage of investment by savers. Thankfully, the creation of millions of jobs will generate the income and tax revenues needed to repay any borrowing.
I loved the line about the giant credit card. It reads like a weird mutant “Guardian X CBeebies Story Time” crossover fic.
The trouble is that these days, so do both the Guardian and CBeebies Story Time.