As part of its stimulus and financial recovery efforts, the British equivalent of the Secretary of Treasury, Chancellor Alistair Darling, has announced a £100m pledge to insulate homes in the UK.
The measure has three purposes: to stimulate the economy through an initiative that will create jobs and spark economic activity, to reduce greenhouse gas emissions from electricity/heat used during the winter, and finally, to trim the energy bills of approximately 60,000 homes.
The package that Chancellor Darling announced is a long-term investment in the country’s infrastructure (other measures included accelerated spending for flood defense, rail transit, energy efficiency) in order to trigger near-term stimulus. The Center for American Progress (CAP) has proposed a similar set or proposals (here) as an economic and green recovery pathway.
CAP explains what should be our economic strategy by breaking it into four steps: stabilization, stimulus, recovery, and growth. In order to invest in a low-carbon, resilient, and prosperous economy in the long-term, each of these steps must be greened. Similarly, Chancellor Darling said about UK policy that “economic recovery must support our environmental objectives – not come at its expense.”
Neither side – economic and climate stabilization – can afford to get about the other’s cause. In fact, as Joe as previously argued, the climate crisis is ultimately a far riskier issue to delay or ignore.
All that to say, smart stimulus and recovery policy will integrate these two crises. When Congress next entertains a stimulus package, it should include some measures strikingly similar to what the UK Chancellor has just announced.
- A Strategy for Green Recovery
- Green investment does create jobs
- The intellectual bankruptcy of conservatism: Heritage even opposes energy efficiency
- Nicholas Stern: Recession is the time to build a low-carbon future
- “The Green Collar Economy” is a NYT Bestseller
- Green policies in California created 1.5 million jobs
- Mayors report: 4.2 million new green jobs possible
- What would a Green Recovery do for your state?