The Green New Deal

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A new vision for America's future is gaining momentum as a younger generation leads a national conversation around a Green New Deal, aiming to revolutionize society. Millennials, the largest voting bloc, are taking charge on climate change issues. While the Green New Deal sparks political debate, a parallel movement within the business community is emerging, poised to disrupt the global economy. Key sectors are rapidly shifting away from fossil fuels toward cheaper solar and wind energies, creating new business opportunities and jobs. Alarmingly, studies warn of trillions in stranded fossil fuel assets, potentially leading to a carbon bubble that could burst by 2028 and threaten the fossil fuel civilization. The marketplace is evolving, and governments must adapt to thrive. A renowned economic theorist presents a political narrative and economic plan for the Green New Deal, highlighting the urgency of this moment. The intersection of a potential fossil fuel assets bubble and a green political vision could enable a significant transition to a post-carbon ecological era, crucial for preventing catastrophic climate change. With extensive experience in implementing Green New Deal-style transitions in the EU and China, the author shares insights on transforming the global economy to sustain life on Earth.