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Technical Note
A Global Green New Deal for Climate, Energy, and Development
 
A big push strategy to
Drive down the cost of renewable energy
Ramp up deployment in developing countries
End energy poverty
Contribute to economic recovery and growth
Generate employment in all countries
and
Help avoid dangerous climate change
UnitedNationsDepartmentofEconomicandSocialAffairs
December2009
 
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Acknowledgements
ThisstrategyhasbeenpreparedbyAlanAtKisson,consultanttotheUnitedNationsDepartmentofEconomicAffairs,withguidancefromJomoK.Sundaram,Assistant‐Secretary‐GeneralforEconomicandSocialAffairs,andTariqBanuri,DavidO’ConnorandIvanVeraoftheDivisionforSustainableDevelopment.ItisanelaborationofastrategyfirstspeltoutintheDepartment’sWorldEconomicandSocialSurvey2009:PromotingDevelopment,SavingthePlanet,whoseprincipalauthorswereRichardKozul‐WrightandImranHabibAhmed,underthedirectionofRobVos,Director,DivisionforPolicyAnalysisandDevelopment.
 
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Key Messages
Energyisthekeytoeconomicdevelopment,andrenewableenergyisthekeytoafuturewithoutdangerousclimatechange.
Butrenewableenergyistooexpensivetoday,especiallyfortheworld'spoor,manyofwhomhavenoaccesstomodernenergyatall.Althoughthepriceofrenewableenergyisfalling,itwillnotfallfastenoughanywhere,onitsown,tohelptheworldwintheraceagainsttimewithdangerousclimatechange.
Publicpoliciescanhelpproducethenecessarydeclineintheglobalpriceofrenewableenergyandmakeituniversallyaffordableinonetotwodecades.
Thekeymechanismisarapidincreaseininstalledcapacity.A“bigpush”inbothpublicandprivateinvestmenttoscaleuprenewableenergywillleadtorapidcostreduction,technologyimprovement,andlearningbydoing.Investmentandcostreductionwillgeneratea“virtuouscycle”ofadditionalinvestment,economicgrowth,employmentgeneration,energysecurity,geopoliticalstability,internationalcooperationandemissionreductions.This“bigpush”cannotbeimplementedbyanycountryalone.Inthefirstdecade‐and‐a‐half,itwillrequiregloballyfundedguarantees,orpricesupports(e.g.,throughaglobal"feed‐intariffs"program),tosubsidizeinvestment.Afterthat,the“virtuouscycle”willtakeoverandmakefurtherpricesupportsorinternationaltransfersunnecessary,asrenewableenergybecomesthedefaultoptionfornewenergyinvestmentworldwide.
 
Pricesupportswillbecomplementedbyaglobalrenewableenergyextensionprogram:research,technical,andpolicysupportdesignedtoacceleratetheprocess.
Thisstrategyiscalled
theGlobalGreenNewDeal 
,andthetimetoadoptitisnow.
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