Summary of Wall Street Is More Than Willing to Fund the Green New Deal

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In the face of an environmental time bomb ticking away, US Congressional upstarts introduced a Green New Deal in early 2019. But the proposal’s backers have overlooked the role that Wall Street could play, acccording to financial journalists Katia Dmitrieva and Emily Chasan. And contentious political divisiveness is preventing serious debate that could lead to a workable, coordinated implementation. This insightful article presents investors, officials and the general public with a compelling case for a public-private partnership that could achieve the plan’s ambitious goals.

In this summary, you will learn

  • What the Green New Deal (GND) aims to accomplish,
  • Why Wall Street is a necessary partner with the US government in financing the GND initiatives and
  • Why the challenge to GND is political discord in government. 
 

About the Authors

Katia Dmitrieva and Emily Chasan are financial journalists with Bloomberg BusinessWeek.

 

Summary

On February 7, 2019, US Representative Alexandria Ocasio-Cortez and Senator Ed Markey, both Democrats, introduced a resolution called the Green New Deal (GND) to fast-track a transition to clean power, a new nationwide energy grid and more energy-efficient buildings, among other measures. But Republicans, as well as many Democrats, greeted the initiative with reactions ranging from pointed rejection to notable indifference. The main objection is cost.

Ocasio-Cortez refuses to accept corporate money and so she and Markey...


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