Parts II and III outlined the national and international actions that should take place under a Global Green New Deal. In developing such a strategy, this book has focused on measures that fit within the two major aims of the GGND – reducing carbon dependency and ecological scarcity – and policies, investments and reforms that current evidence suggests that governments can enact fairly swiftly – i.e. in the next several years. Before proceeding to discuss the effectiveness of a GGND, and how it could foster progress towards a future green world economy, it is useful first to review the key proposals for national and international actions. The following is a summary of the main recommendations suggested in parts II and III.

NATIONAL ACTIONS PROPOSED FOR THE GLOBAL GREEN NEW DEAL

1. (1) The United States, the European Union and other high-income OECD economies should spend, over the next few years, an amount equivalent to at least 1 percent of their GDP on the national actions proposed for reducing carbon dependency, including removing subsidies and other perverse incentives and adopting complementary carbon pricing policies.

2. (2) The remaining middle- and high-income economies of the Group of 20 countries should also aim, as far as possible, to spend over the next several years at least 1 percent of their GDP on the national actions proposed for reducing carbon dependency.

3. (3) Developing economies should also implement the national actions proposed for reducing carbon dependency. Under the current economic conditions, though, it is difficult to determine how much each economy should spend on these activities.

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