Economic reasons for a Green New Deal

Economic reasons for a Green New Deal
© Getty Images

“Step Up or Step Aside.”

The sign was one of hundreds from last month’s demonstrations in Washington, D.C., calling for a Green New Deal by the Sunrise Movement, a group of young people working to stop climate change and create green jobs. They’re fed up with inaction and worried about climate’s costs. As chairman of the Global Carbon Project, a non-partisan group of hundreds of scientists documenting greenhouse gas emissions, I agree.

Hearing talk of a Green New Deal, I feel excitement and, perhaps surprisingly, dread. Done well, a Green New Deal will repair the climate, make our businesses more competitive, and put far more people to work in green jobs, including wind and solar, than we’re losing in brown jobs, like coal mining.

Let’s start with economic reasons for a Green New Deal. The global economy is creating half a million new jobs yearly in renewable energy and employs more than ten million people. In the U.S. we’ve created a hundred thousand new solar and wind jobs annually, 12 times faster than in the rest of the economy. Green energy is putting people to work. MORE

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