Stephanie Kelton says Australia could ‘absolutely’ benefit from a program similar to the Green New DealAustralia’s unprecedented bushfires are a wake-up call to the world about the importance of tackling climate change, Bernie Sanders’ economic adviser said, and the country should consider implementing a green new deal to transition to a low carbon economy. “People are really starting to come to terms with the realities of climate change as a result of seeing these images and the devastation here. The deal “is an ambitious response to the imminent threat of climate change on a scale that is commensurate with the threat that we are facing”, Kelton said. “What the Green New Deal says is that we don’t have to pick one. “So if I have full employment, if my inflation rate remains low, I am indifferent to the budget outcome.”

Source: The Guardian January 07, 2020 17:00 UTC