A budget for green recovery: How much is needed and how can it be financed? 

According to Oxford University, a green recovery creates most jobs while recent research from London Economics shows that investment in increasing the pay of healthcare workers would cost only one fifth of its headline price tag.

A green recovery will be vital if we are to effectively address the climate, nature and inequality crises, transforming Britain so that it is greener and fairer. Do that, and the UK can show real leadership on the world stage as chair of the G7, on progress towards Sustainable Development Goals, at the Biodiversity COP and as host of the Climate COP in Glasgow.

With unemployment likely to hit 3 million in 2021, investment in the future could create more than a million good jobs, revitalising communities while setting the UK on a path to 1.5 degrees. How much investment is needed, and where should it come from? And how can we ensure that building back better is guided by measures of progress that support human and ecological flourishing?

This special meeting, co-hosted by the APPG on the Green New Deal and the APPG on Limits to Growth, ahead of the budget on 3rd March explores a range of the options available to the Chancellor from government borrowing while interest rates are low, to redirecting de-facto subsidies in fossil fuels to a wealth tax and a new green home for the nation’s savings.

Chaired by Caroline Lucas MP and Clive Lewis MP, we hear evidence from:

• Lord Adair Turner, Chair, Energy Transitions Commission, Senior Fellow, Institute for New Economic Thinking
• Miatta Fahnbulleh, Chief Executive, New Economics Foundation
• Robert Palmer, Executive Director, Tax Justice UK
• Dr Suzy Morrissey, Wellbeing Economy Alliance, New Zealand, former Policy and Engagement Lead for the Living Standards Framework, NZ Treasury

The video recording of the meeting can be accessed via Youtube.