Ann Pettifor - Delivering the Green New Deal

The global economy is facing a ‘triple crunch’. It is a combination of a credit-fuelled financial crisis, accelerating climate change and soaring energy prices underpinned by an encroaching peak in oil production. These three overlapping events threaten to develop into a perfect storm, the like of which has not been seen since the Great Depression. To help prevent this from happening we are proposing a Green New Deal. Ann Pettifor is co-author of The Green New Deal, a transformational economic programme designed to substantially reduce the use of fossil fuels while in the process tackling unemployment and the decline in demand caused by the credit crunch of 2007. She is also co-author of the Green New Deal group’s The Cuts Won’t Work and of PRIME’s ground-breaking analysis of 100 years of UK public debt and its impact: The Economic Consequences of Mr. Osborne. Her latest publication is Just Money: How Society Can Break the Despotic Power of Finance, published by Commonwealth Publishing in January, 2014. Ann is a sovereign debt expert. She is best known for correctly predicting the Global Financial Crisis and was one of the leaders in the Jubilee 2000 debt campaign which succeeded in getting the wealthy nations to write off $100 billion of debts owed by 42 of the world’s poorest countries. Ann is in New Zealand as a guest of The Policy Observatory, Auckland University of Technology.