Richard Murphy and Colin Hines have suggested a number of ways on how to
raise revenue that could be used to fund energy efficiency in all
buildings, renewable and local transport systems. They hope that this
green new deal would also provide jobs in every constituency and
dramatically reduce carbon emissions.
To deliver this 'green' will, Richard Murphy and Colin Hines writes in the guardian.com, require that people be convinced that they will benefit and that there is the money to pay for such a transformation. Also, taxes on the wealthy can be increased.
According to them these funding can be raised in many ways including private savings via “green war bonds”. Another mechanism would be to improve tax collection. Also, bank could purchase new debt issued in the form of green bonds by a national investment bank to fund energy efficiency in all buildings, renewable and local transport systems.
Murphy and Colin suggests to use quantitative easing to fund the transition to a sustainable economy. Read more
To deliver this 'green' will, Richard Murphy and Colin Hines writes in the guardian.com, require that people be convinced that they will benefit and that there is the money to pay for such a transformation. Also, taxes on the wealthy can be increased.
According to them these funding can be raised in many ways including private savings via “green war bonds”. Another mechanism would be to improve tax collection. Also, bank could purchase new debt issued in the form of green bonds by a national investment bank to fund energy efficiency in all buildings, renewable and local transport systems.
Murphy and Colin suggests to use quantitative easing to fund the transition to a sustainable economy. Read more
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