Mihir Sharma, Columnist

The Green New Deal Isn’t Global Enough

The resources Democrats want Washington to appropriate and use domestically instead need to flow elsewhere in the world.

March 17, 2019 at 1:04 AM UTC

By Mihir Sharma

Mihir Sharma is a Bloomberg Opinion columnist. A senior fellow at the Observer Research Foundation in New Delhi, he is author of “Restart: The Last Chance for the Indian Economy.”

Democratic Rep. Alexandria Ocasio-Cortez has led the charge.
Photographer: Al Drago/Bloomberg

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At the fourth United Nations Environment Assembly in Kenya this past week, experts and officials from around the world debated how to come up with the investment and innovation needed for countries to grow without dooming the planet. National leaders, NGOs and others discussed, among other things, how to create more “sustainable patterns of consumption and production.” What really struck me in Nairobi, though, was what wasn’t discussed: the Green New Deal being pushed by Democratic Party politicians in the U.S.

This is surprising, in a way: It was the United Nations Environment Programme that first called for a “Global Green New Deal” in 2009, hoping to revive the world economy through investment in climate change-related sectors.