Discover 3 opportunities in Green Energy

The continued existence of fossil fuel subsidies in a time of their almost universal condemnation reveals something about the governments that rule us, something pernicious, but also something all-too-predictable. Like no other area, they expose a gulf between rhetoric and action, a disconnect so stark that, if the risks it posed were less catastrophic, would almost be comical. Back in reality, though, the cognitive dissonance, cynicism, or whatever its cause, serves only to warm our planet and threaten all life. 

Although recently popularised in America, the Green New Deal (GND) was actually born during the early days of the 2007/8 financial crisis, in a small flat in London. The owner of the flat was analyst and foreseer of the crisis, Ann Pettifor; the occasion was a get-together of environmentalists and economists who had convened to draft a plan they hoped would both ‘transform the economy and protect the ecosystem’. Unfortunately for the London attendees, the prevailing political currents post crash proved especially hostile toward their idea, and prioritised, instead, principles of fiscal discipline and austerity, while largely sidelining issues of climate. And as long as such consensus reigned, the nascent GND was forced to lie dormant, far from political discourse.

Along with a border wall and vague promises of greatness, one of Trump’s key campaign pledges was to bring back jobs to the American people. He situated himself, in contrast to Clinton, as the protector of the everyman, a mystical demographic that were at the mercy of the Chinese, their jobs being poached from right under their noses. His plan – as far as he ever articulated it – was predictably grandiose, and in part based on the resuscitation of the dying coal industry. The mines, he promised, would be brought back, en masse, bringing with them jobs and prosperity. His envisioned ‘greatness’ was to arrive accompanied by thick, black, environment-threatening, smog.