Climate Change Management-Some Insights from a Recent Debate

Abstract

Climate change management is a challenge as well as an opportunity at national and global levels.  When climate change has adverse consequences on physical environment, increase in income inequality has huge adverse consequences on economic, political and social systems at all levels.    In this context the concept of Green New Deal ( GND ) emerged.  Many prominent members of the democratic party in the USA compare GND with the celebrated New Deal Policy of American President Roosevelt in significance and impact.Social scientists, environmentalists and social activists have joined in this debate.The present paper attemptsto draw some insights from this debate and get some inferences for policy framing.   In the first part of the paper the GND is explained in the context of adverse climate changes and the effects of increasing income inequalities.  The GND is interrogated in terms of both the mainstream liberal economics and Marxian analysis in the second and third parts respectively.In the final part inferences and conclusions are given along with suggestions for further reference in this exiting area of study.

Keywords: Climate change, Green New Deal, income inequalities