Cuts won’t work, but green spending will reduce public debt, create jobs, cut carbon, says Green New Deal Group
Two days ahead of the pre-budget report, and as the UN climate change talks open in Copenhagen – the second report from the author’s of the original Green New Deal says that the Chancellor is likely to miss a historic opportunity to tackle public debt, create thousands of new green jobs and kick-start the transformation to a low-carbon economy.




The global economy is facing a ‘triple crunch’. It is a combination of a credit-fuelled financial crisis, accelerating climate change and the looming peak in oil production. These three overlapping events threaten to develop into a perfect storm, the like of which has not been seen since the Great Depression. To help prevent this from happening, and to lay the foundations of the economic systems of the future, we need a Green New Deal.
