Friday, August 01, 2014 12:53 [Daily Archive]

Finance Hürriyet Daily News
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Green new deal: A way out of turmoil?
ISTANBUL - Environmentally friendly policies wrapped under the concept of ’Green New Deal’ may be a way out of the global crisis, according to participants of a conference that took place over the weekend at Istanbul’s Bilgi University.

Green new deal: A way out of turmoil? "Green economy" means more than just an economic system, said Miriam Kenneth, a member of Green Economics Institute at Oxford University. "Economics and ecology are not separate causes," she said. "Green New Deal opens new horizons for finance, since it demands different kinds of investments."

’Green New Deal’ foresees a "renewables revolution," the creation of thousands of "green-collar jobs" and reining in the distorting power of the finance sector while making more low-cost capital available for pressing priorities.

"Especially countries such as Turkey need this new economy style in order to get out of this crisis rapidly," she said.

Quoting the words of Ban Ki Moon, secretary-general of the United Nations, Alain Lipietz, a French lawmaker from the Green Party, predicted a "global transformation" after the crisis. "

"Now the importance of the Kyoto accord is more obvious," Lipietz said.

"The European Union created 8 million jobs in transport and 4 million jobs in cars, but we need more lighter policies in the economy," he said. "For example, quality organic food and environmental-friendly buildings would mean more jobs as these areas require craftwork."

The world has to move from "individual spending to collective spending," Lipietz said. "Turkey and the European Union need each other in terms of economy and energy. I support Turkey’s full membership to the EU."

"In order to overcome poverty in Turkey, Green New Deal is a must," said Ahmet Atıl Aşıcı from the Istanbul Technical University. "The government has launched a stimulus package, but nothing in the package includes renewable energy or green economy," he said.
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