Driven by major debates in the US and growing popular pressure for climate action, the economic and political potential of a ‘Green New Deal’ is generating a lot of excitement on both sides of the Atlantic. But there is little clarity over what people mean by a Green New Deal, and therefore over its economic impact. The Workshop will delve into the macroeconomics of a deal. How broad must it be to be really effective and how could it be financed? How can the necessary political coalition be built to push it forward? And what can we learn from Roosevelt’s New Deal and the role it played in shaping the post-war paradigm?
La vidéo du Workshop

Programme

The Workshop will be held in English
 
Program:
09:30-09:45 - Registration & Welcome Coffee

09:45-10:00 -  Introduction - The economics of a Green New Deal
* Thomas Fricke, New Paradigm Initiative; Xavier Ragot, OFCE

10:00-10:45 - Lessons from the 1930s - On Roosevelt's New Deal and how it shaped the post-war paradigm
* Paper presentation: Laurie Laybourn-Langton, IPPR
* Discussant: Pierre-Cyril Hautcoeur, EHESS

10:45-11:15 - On the economics of a Green New Deal -
Part1 - What are the investment needs?
* For Europe - Paper presentation by Carlo Jaeger & Sarah Wolf, Global Climate Forum, Berlin
* For Germany - Study Presentation by Sebastian Dullien, IMK Düsseldorf

Coffee Break

11:30-13:00 - Part 2 - What are the Economic impacts and Politics of a Green New Deal
* How broad must a deal be to have a significant macroeconomic impact?
Study presentation by Adeline Guéret, Aurélien Saussay, Xavier Timbeau, OFCE Paris
Discussion: Carlo Jaeger, Sebastian Dullien; N.N., France Stratégie

13:00-14:00 - Lunch Break

14:00-14:30 - US perspective - The idea of Green New Deal in the run-up to the 2020 election
* Nell Abernathy, Roosevelt Institute

14:30-15:30 -  European perspective - What kind of Green New Deal is von der Leyen preparing?
* David Adler, DEM25
* Linda Kalcher, European Climate Foundation
* Marcel Mersch, Progressive Society, S&D

15:30-16:15 - Greening Trade Policy
* Pascal Lamy, Jacques Delors Institut
Discussant: Michel Colombier, IDDRI

Coffee Break

16:30-18:00 - Where will the money come from? - How to finance a Green New Deal
* Peter Böfinger, Würzburg University
* Thibault Guyon, French Ministry of Finance
* Ann Petitfor, PrimeEconomics
* Bill White, former Head of the Monetary and Economic Department, BIS
Chair Eric Lonergan, M&G Investments

18:00-19:30 - Podium - On the opportunity of a Green New Deal
* Michel Aglietta, Paris Nanterre University
* Mariana Mazzucato, UCL, Institute for Innovation and Public Purpose
* Gerhard Schick, Bürgerbewegung Finanzwende, former Bundestag deputy Greens
* Laurence Tubiana, European Climate Foundation

Scientific Contacts:
Thomas Fricke (New Paradigm Initiative), thomas.fricke[at]europeanclimate.org
Xavier Ragot (OFCE), xavier.ragot[at]sciencespo.fr

Communication:
Sylvie Le Golvan (OFCE), sylvie.legolvan[at]sciencespo.fr