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

Looking for the article?
We have the summary! Get the key insights in just 5 minutes.

Wall Street Is More Than Willing to Fund the Green New Deal summary
Start getting smarter:
or see our plans

Rating

9

Qualities

  • Important
  • Innovative
  • Engaging

Recommendation

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.

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...


More on this topic

By the same authors

Seven Fixes for American Capitalism
8

Customers who read this summary also read

Industries in 2019
8
Climate Change and the Federal Reserve
8
Why Wall Street Matters
7
The 2018 Report of the Lancet Countdown on Health and Climate Change
8
Four Ways to Make Wiser Infrastructure Investments
8
Infrastructure’s Future Looks a Lot Like Private Equity
8

Related Channels

Comment on this summary