Aug 9, 2017 · 1 min read
Most of the questions are clearly answered in the article, so a careful reading might be useful! Sustainability and long term survival of civilization requires rapid reduction of fossil fuel use and greenhouse gas emissions. Current investment in renewable energy and infrastructure is far from sufficient to meet the Paris Agreement targets. Carbon taxes are needed, and switching subsidies from fossil fuels to a Green New Deal together with the multiplier effect of fiscal/monetary expansion could generate sustainable full employment without any ‘bust’, provided the financial sector is properly regulated.
