Energy and Environment

Labour’s Green New Deal is reheated Corbynism

Andy Mayer quoted in the Daily Express

Sir Keir Starmer has called for £30billion to be spent on creating 400,000 new jobs in the low carbon economy to tackle climate change. Responding to the news in the Daily Express, IEA Chief Operating officer Andy Mayer argued the: “‘Green New Deal’ is a straight rehash of Jeremy Corbyn’s 2018 plan to ‘kickstart a green jobs revolution’. Spending £30bn to ‘create’ 400,000 jobs costs £75k per job ‘created’. The money to pay for that will likely come from raising taxes“.

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