Private finance won’t decarbonise our economies – but the ‘big green state’ can | Daniela Gabor

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Private finance won’t decarbonise our economies – but the ‘big green state’ can | Daniela Gabor
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While the private sector wants to keep control of the green transition, what’s needed is massive public investment, says economics professor Daniela Gabor

  • 📰 The Guardian
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too soon? The big test of the paradigm shift, possibly the fundamental test, is how we go about decarbonising our economies.

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We should fight the battle against fiscal fundamentalists with a simple message: the government is not a household. It has central banks on its side, and if there is a macroeconomic lesson the pandemic has taught us, it is that central banks can do a lot.

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wow

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