(2022). The Global Green New Deal: The New Norm?, Environmental Sciences Proceedings 15 (1), 6.
The Global Green New Deal (GGND) has had a resurgence through calls for ‘building back better’ from COVID-19 by way of a green recovery. News headlines suggest that the world has, so far, missed this opportunity, yet close analysis of the data reveals a more subtle trend at play. An aggregate analysis of COVID-19 stimulus measures from the perspective of plurilateral summit institutions reveals that both the G7 and the BRICS countries have implemented a proportionally higher volume of clean versus dirty stimulus measures. This indicates that the GGND could indeed be ‘the new norm’ even as it continues its nascent emergence. However, a significant gap remains between the G7 and the BRICS countries in their respective proportions of clean versus dirty stimulus measures. Given the role of the same groupings as respective net carbon importers and net carbon exporters, there remains an ongoing risk of ‘carbon leakage’. In making this connection, this paper underscores the potentially crucial role that carbon border adjustment measures will play as the GGND continues to emerge as a possible ‘new norm’ of global governance.
Event: 9th International Conference on Sustainable Development, Virtual, 20–21 September 2021, Virtual, 2021-09-20
