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.