Wednesday July 06, 2022

Green transition

September 07, 2019

The spirit of international cooperation is an advanced state of decay – and last week’s G7 Summit offered the latest illustration. President Trump – preening, bullish – dismissed the environmental crisis as a ‘dream,’ and dismissed any notion of joint action on climate in the process. The remaining ‘advanced economies’ of the G7 offered to send $20 million to help stem the catastrophic fires coursing through the Amazon. But the Summit alone cost over $40 million.

It seems that no room could be found on the agenda to discuss how the insatiable hunger of Western markets for meat and dairy compels ranchers to burn the Amazon to make room for cattle. No one even bothered to draft a communiqué.

The path that we are on leads to darkness. As international cooperation moves off the table, it is replaced by zero-sum machismo, carving the world into the fiefdoms of old, violent men. That’s before environmental breakdown and its impacts – forced migration, economic crises, food scarcity – really get going, further emboldening their ruthless ethno-nationalism.

We need a new course and we needed it yesterday.

Cometh the hour, cometh the Green New Deal. It's the demand for an enormous, government-led mobilisation of people and resources to combat the environmental crisis while rebooting economies and mending the injustices of neoliberalism and the toxic legacies of colonialism. A moment of genuine hope and energy, it emboldens campaigners and politicians, from school strikers to indigenous tribes.

But it must go further to address the crisis of international cooperation at hand. As yet, we have a raft of Green New Deals rooted in individual nations. While they are ambitious and mindful of global justice, this cannot be the extent of our imagination. Sure, a US Green New Deal would help, but that still wouldn’t be either sufficient, even if Wall Street sponsorship of the Democrats ended, or desirable, pandering to outworn American hegemony.

We need a positive vision of internationalism that acts as a countervailing power against ethno-nationalist demagoguery, shunting us on an alternative path – before it’s too late.

How to get there? This is where a Green New Deal for Europe comes in, the subject of a major report released this week by the Democracy in Europe Movement (DiEM25) and the coalition of climate experts and activists that have joined its campaign. (Disclaimer: I contributed to the report as a member of the campaign’s policy coalition.)

The basic premise of the report is that Europe has an historic opportunity – and an historic obligation – to step up and lead a global green transition. It should do so in three acts.

The first act is inward, seeking to do Europe's bit by acting on the environmental crisis at home. The continent’s environmental impact is simply unsustainable, however much progress has been made in recent years, matched only by its social and economic discontents. So we need an investment programme at the scale of an entire continent. The scientists and engineers have done their job; the technology must now be scaled, austerity abandoned, and decent jobs guaranteed in service of realising environmental justice.

Investment can be funded by green bonds from the European Central Bank, directing idle funds to countries suffering from unemployment and poverty, empowering the potential of Europe’s people, and supporting its ailing savers and pension funds. Investment decisions can be devolved to sub-European authorities, where citizens actively participate in their direction. New regulations can end the war on nature as well as the tyranny of the enrichment of the few through the impoverishment of the many.

Excerpted from: 'The G7 Was a Joke. Three Degrees Warming Isn’t'.