The Wire

Leaders of the G20 countries meet in the next few weeks to discuss new measures to combat the global financial crisis. The Australian government has already promised to spend ten billion dollars to stimulate the economy here. But how will such vast sums of money be spent? A leading economic think-tank in the U.K. and the leaders of some European countries are saying the time is right for the world to invest substantially in renewable energy. They’re calling for a “Green New Deal”. An idea which draws inspiration from Franklin Roosevelt’s “New Deal” 75 years ago – A plan which helped pull the U.S. out of the Great Depression.