Living on Earth: Wall Street and the Green New Deal

The Green New Deal resolution was recently introduced to Congress. It aims to address the climate crisis, in part, by committing to 100% zero carbon energy in the next ten years. It’s also a plan to alleviate poverty and create millions of new green jobs. One of the biggest criticisms of the ambitious plan is the cost. Even if Congress could agree in principle, critics say the government can’t afford to fund the proposed programs. However, they may be overlooking an obvious source of revenue: Wall Street. Sustainable investing is already a 12 trillion dollar market and growing. Jon Powers, president of Clean Capital and former federal Chief Sustainability Officer under President Obama, explains how investors might get behind portions of the Green New Deal. [/av_textblock]