United Nations Wants Whole New Economic System To Fight ‘Climate Change’

And they think a global Green New Deal is the platform to make this happen

UN agency calls for global Green New Deal to overhaul financial system

Only a global Green New Deal can provide governments with the muscle needed to take on the climate crisis, a UN development agency report released on Wednesday said.

The United Nations Conference on Trade and Development (Unctad), which was founded in 1964 to help developing countries to access equitable international trade, called on governments to overhaul the rules of the international trade and monetary systems so that all countries – in particular developing ones – could carry out the necessary mass investments to decarbonize their economies.

Unctad secretary general Mukhisa Kituyi said meeting the UN sustainable development goals, which include reining in the heating of the planet, “requires rebuilding multilateralism around the idea of a global Green New Deal, and pursuing a financial future very different from the recent past”.

“The global economy does not serve all people equally,” said Richard Kozul-Wright, director of Unctad’s division on globalization and development strategies, who oversaw the report. “Under the current configuration of policies, rules, market dynamics and corporate power, economic gaps are likely to increase and environmental degradation intensify.”

We can charitably call this a “command economy”, where the means of production, investment, prices, and incomes are determined centrally by a government, in this case, the United Nations, an institution that puts nations like Iran, Saudi Arabia, Syria, China, and Venezuela, among others, on its Human Rights Commission.

And they want to take all power away from sovereign nations and place it in the hands of unelected bureaucrats in the U.N.

The report found that global trade, be it under the form of regional or bilateral agreements, should not have the authority to shape questions such as the cross-border flow of capital, debt or equity. Instead, the international community should privilege capital controls and put an international system into place to oversee capital flow between countries, including developing ones.

And they want your money

“This is a big public investment push,” Kozul-Wright told Climate Home News. “It’s not going to be done by the private sector. You need public banks to finance this, because we don’t think that the current financial system as it is currently constructed will ever deliver finance to public goods of this kind on the scale that we’re talking about.”

You know the money isn’t coming out of the uber-rich in the U.N.

“This is a crisis that doesn’t belong in one place. It’s neither a north nor a south crisis and it requires global collaboration,” Pettifor said. “It’s echoing the revolutionary monetary theory that underpinned the New Deal.”

Funny how this supposed science issue is about changing the way the world works, eh?