Global Governance: The G20 and a Global Green New Deal
Economics: The Open-Access, Open-Assessment E-Journal, Vol. 4, 2010
Posted: 5 Mar 2010
Date Written: 2010
As the world recovers from the worst economic crisis since the Great Depression, the international community should promote a mix of policies to sustain this global recovery and create jobs through reducing carbon dependency, ecological degradation and poverty. Such a Global Green New Deal (GGND) requires a long-term commitment to implementing and coordinating “green investments” by the Group of 20 (G20), who should also adopt complementary pricing policies and foster international aid and other actions in support of the GGND. Developing economies should provide clean water and sanitation for the poor, create safety nets, invest in health and education, and target energy and water poverty. Such a global strategy can revive economies, create jobs and improve the sustainability of world development.
Keywords: Economic Recession, G20, Global Governance, Global Green New Deal, Green Stimulus, Low-Carbon Economy, World Economy
JEL Classification: F55, F59, H87, O13, O19, Q01
Suggested Citation: Suggested Citation