Wise from Simon: a "Green New Deal" needs to be not just technocratically efficient but politically popular: Simon Wren-Lewis: How to Pay for the Green New Deal: "Tackling climate change is resisted by powerful political forces that have in the past prevented the appropriate taxes, subsidies and regulations being applied. Which is a major reason why the world has failed to do enough to mitigate climate change.... Just as proponents of a Green New Deal are savvy about the need to overcome the resistance of, for example, the oil and gas industry, they also realise that the Green New Deal needs to be politically popular. So the New Deal package has to include current benefits for the many, perhaps at the expense of the few.... If you cannot make the polluter pay, it is still better to take action to stop climate change even if future generations have to pay the cost of that action...
#noted
