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♻️ Will a greener economy be more just?

In 2007-2008, America’s political lexicon acquired a new term – the Green New Deal. Like the New Deal of President Franklin D. Roosevelt reanimated the US economy after the Great Depression, the Green New Deal was supposed to respond to the challenges that faced the world due to climate change. The discussion of this resumed with renewed force a decade later when the Green Wing began to take shape in the Democratic Party. In February 2019, a draft resolution on the Green New Deal was sent to the US Senate. It suggested bringing greenhouse emissions in the US to zero within a decade. The main ideas aimed at reaching this goal were renunciation of fossil fuels and an increase in resource efficiency. Even though the ideas in the bill enjoyed support from a number of prominent Democrats, the Senate vote was a heavy defeat for its initiators. It became obvious that America was not yet ready for the Green New Deal, even at the declaration level.

Meanwhile, the positions of Green parties were growing stronger in Europe. In May 2019, they achieved impressive success in the European Parliament (EP) elections. Ursula von der Leyen, who was elected President of the European Commission in July, made the climate agenda a priority. The document, The European Green Deal, was published on December 11, ten days after she assumed office. The stated goal is to make the EU climate neutral with net-zero greenhouse gas emissions by 2050. The EU will move towards this goal by shifting to renewable energy sources for electricity generation, increasing housing energy efficiency and creating β€œsmart infrastructure.” The price tag for the programme is a trillion euros in the first decade. The symbolic significance is as follows: the EU declares itself a global leader in promoting the climate agenda and sets new standards for cooperation between the state, business and society in countering climate change.

In the next few years it will implement a large-scale programme under which companies that use green technology will be entitled to billions in subsidies whereas those that do not comply with toughening environmental demands will have to sustain both financial and market losses.

🌱Recently we launched a new project β€œClimate and Politics”. The second part of it will discuss the impact of the green agenda on businesses.

#climate_and_politics #climate #climatechange #gogreen #politics #EU #globalwarming #sustainabledevelopment
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🌳🏦 In a post-industrial society, industrial development has ceased to be a determining factor. The digital economy and the service economy take first place. Much attention is paid to the impact of the economy on society and the environment.

An economy that aims to achieve sustainable development goals is called β€œgreen”. A green economy is based on renewable energy sources, β€œgreen hydrogen” and environmentally friendly transport. You can find out what benefits and challenges the green economy can bring to humanity in our infographic.

Session 4 β€œThe Environment: Russia’s Response to a Common Challenge” of the 18th Annual Meeting of the Valdai Discussion Club will be dedicated to the principles and guidelines of the Russian climate policy. It will take place on the third day of the Conference and will be held under the Chatham House Rule. An analytical note following the day’s discussions will be available on our website.

#VALDAI2021 #greeneconomy #gogreen #ecology #climatechange

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