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The Case for Green Realism

16 3 2
27.02.2019

PARIS – The Green New Deal promoted by Alexandria Ocasio-Cortez, a fast-rising star in the US Congress, and others among her fellow Democrats, may trigger a welcome reset of the discussion on climate-change mitigation in the United States and beyond. Though not really new – European Greens have been pushing for such a “new deal” for a decade – her plan is ambitious and wide-ranging.

Feb 11, 2019 George Soros argues that the EU cannot be saved without transforming its political party systems.

Feb 8, 2019 Nouriel Roubini explains why the global outlook for the coming year will depend on a broad range of interrelated factors.

Jan 24, 2019 George Soros sounds the alarm about the surveillance-state authoritarianism being pioneered by Xi Jinping in China.

It may be too ambitious and wide-ranging. But, unlike economists’ favorite approach to climate change – set the right price for carbon and leave the rest to private decisions – the Green New Deal rightly encompasses the many dimensions of what must be a fundamental transformation of our economies and our societies if the climate challenge is to be met successfully.

The transition to a carbon-neutral economy is bound to be as revolutionary as the transition to the industrial age. Given the comprehensive nature of this transition, it cannot be summarized in one price. It must be a collective endeavor in which governments invest and every citizen finds his or her role. The optimistic, participatory ethos of the Green New Deal should be commended.

But let’s be clear: the green transition will not be a free lunch. There is no........

© Project Syndicate