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5. Juli 2020

The US Green New Deal and Modern Monetary Theory

During cop25 we are running a series of articles about the Green New Deal, which has nothing to do with Germany’s EU Green Deal: Congresswoman Alexandria Ocasio-Cortez has presented a proposal for a resolution that urges the Federal Government to take on an unprecedented plan to transform the energy and production model by adopting initiatives that would create stable and quality employment. The document is available online (Ocasio-Cortez, 2019).

The long-term goal is to achieve zero net greenhouse gas emissions. This means that it is intended to minimize them as much as possible because, for those activities in which it is not possible to bring them to zero, they will be compensated with initiatives that sequester CO2.

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