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Doomberg & Steve Keen: The Green New Deal and Energy Security

Forward Guidance

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Is There a Green New Deal?

The most vital thing is we have to radically reduce the level of income inequality in our society. The people who have to wear the burden of less energy consumption are the rich not the poor. Fossil fuels still account for somewhere around 83% of our total primary energy. And as we shift into alternative technology, the amount of energy we have to put up front is like a discounted cash flow model - except for jewels.

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