The coronavirus pandemic has delivered the biggest shock to the world economy on modern record. The only comparable crisis was the Great Recession of the 1930s. The job of rebuilding the economy in the wake of this disaster will be of epic proportions. Yet the massive rebuilding job comes at a time when analysts, economists and activists around the planet were, already, urging a fundamental shift in the configuration of our economies to deal with the global climate crisis. But what would a Green New Deal for the post-pandemic global economy actually look like? Happily, renewable energy production (at least at the moment) is more “job intensive” than in fossil fuels which suggests that this transition should boost overall employment. A mass programme of insulating millions of buildings and retrofitting billions of homes with low or zero carbon heating systems, such as air-source heat pumps or electric boilers would also be a source of new jobs and incomes for workers.
Independent 10th Feb 2021 read more »