Breiter Planet Properties President Andrew Breiter-Wu discusses various Green New Deal proposals and how they could solve problems presented by COVID-19.
Senator Ed Markey of Massachusetts, and Representative Alexandria Ocasio-Cortez of New York introduced a Green New Deal Resolution in February 2019 to address the existential crisis that climate change poses.
Our planet's clock is ticking. We must act now in order to mitigate further damage caused by climate change. According to the United Nations International Panel on Climate Change, we have only about ten years to make serious change before we go past the point of no return.
The Green New Deal would create millions of jobs with good pay. The proposal calls for resilience in the face of a warming planet. It includes calls for an upgrade to infrastructure, meeting energy needs with 100% renewable energy, upgrading to smart, energy efficient grids, as well as many more climate-friendly proposals.
The main question opposition poses is "how are we going to pay for this?" The good news is that Green Finance, and ESG (Environmental, Social, Governance) investing are gaining popularity among investors. In 2018, the global issuance of green bonds rose to over $600 Billion. While the private sector will play a large role, The Green New Deal will also need significant government support.
“We’re rebuilding an entire energy infrastructure, so there’s massive opportunity for all kinds of businesses.” - economist Robert Pollin.
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