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A New Green Deal
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The very serious nature of our current economic situation is not lost on many people, especially those of us putting all our chips on green so to speak. At this very moment a green revolution might seem as likely as hitting green on a roulette wheel (very unlikely). According to one article, talks on Capitol Hill regarding new energy policies like a possible cap-and-trade system have essentially come to a screeching halt. But this article also suggests now is the very time to take the chance on green. Although we don’t hear their perspective much in environmental economics, the authors aren’t making a new argument. As they put it, “We'll never succeed in making dirty energy too expensive. Let's make clean energy cheap.” Their argument is purely Keynesian. At a time when our economy is in desperate need of a boost, we need to make clean, green energy affordable. Carbon auctioning and cap-and-trade systems have not yet proven themselves effective at reducing carbon emissions, and are guaranteed to raise energy costs in the immediate future. A more economically viable solution during a recession might be investing in a green infrastructure that will reduce energy prices over the long term. Cheap alternative energy sources is exactly what Americans want and need right now – and exactly what the auto industry has ignored, as they’ve built gas guzzlers that no one can afford to fuel. That’s why the current auto industry bailout proposition, while able to offer workers temporary stability, does not address the real problem with the auto industry: their refusal to build eco-friendly cars at a time when there’s a great deal of interest in them and need for them. What autoworkers need for permanent job security is industry reform; that’s the only way to ensure they keep their jobs in both the short- and long-term future. Going green, then, might be the only way for many industries to pull themselves out of the red. We need something bigger than a green bailout, however: We need a new Green Deal, and a national commitment to building new jobs by investing in a full-scale paradigm shift toward sustainability. If we use the logic and energy of FDR’s administration, we can re-establish American prominence and save the planet at the same time.

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December 5, 2008 | 11:40 AM Comments  0 comments

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