You just know that no good is going to come out of a report by this lot:
The Green New Deal Group, July 2008
Foreword
Larry Elliott, Economics Editor of The Guardian
Colin Hines, Co-Director of Finance for the Future, former
head of Greenpeace International’s Economics Unit
Tony Juniper, former Director of Friends of the Earth
Jeremy Leggett, founder and Chairman of Solarcentury
and SolarAid
Caroline Lucas, Green Party MEP
Richard Murphy, Co-Director of Finance for the Future and
Director, Tax Research LLP
Ann Pettifor, former head of the Jubilee 2000 debt relief
campaign, Campaign Director of Operation Noah
Charles Secrett, Advisor on Sustainable Development,
former Director of Friends of the Earth
Andrew Simms, Policy Director, nef (the new economics
foundation)
I\’ll have a piece up in a day or two. But seriously, it doesn\’t look good so far.
Update. It really is a piece of work. Capital controls, credit controls, low interest rates so that green investments become profitable (!) and at one point they seem to think that LIBOR is set by the Association of British Bankers. Instead of reported by them.
Keep an eye on The Register.
Where are all your other hate figures, like George M, Polly T?
And where is Will Hutton?
And do read Andrew Simms at the BBC. I ended up wondering what colour the sky was on his planet.
What do you mean, no good.
They will completely discredit their own cause through shrill and over the top ideas.
There’s never a live fire accident when you need one, is there?
The report can be downloaded from here.
TW
May I offer a vote of thanks to you on behalf of the assembled masses of the sane that you are prepared to wade through this dross on our behalf.
Technically its the BBA, and they do calculate the published index…. this is of course based on the rate a sample of banks can get money for.
http://www.bba.org.uk/bba/jsp/polopoly.jsp?d=139&a=13631
In the immortal words of W.S.Gilbert:
“I’ve got a little list…”
“they seem to think that LIBOR is set by the Association of British Bankers. Instead of reported by them”
I bet that contribution was provided by the report’s financial expert, Richard Murphy.
Tim adds: Larry Elliott maybe? Economics editor of The Guardian?