tag:blogger.com,1999:blog-36190173.post1392366417855719762..comments2023-10-30T08:46:07.752+00:00Comments on Vowles the Green in Knowle: Create jobs in Bristol by building a green economyUnknownnoreply@blogger.comBlogger2125tag:blogger.com,1999:blog-36190173.post-51197620063177300342009-01-11T17:46:00.000+00:002009-01-11T17:46:00.000+00:00Many thanks for the detailed,thoughtful comment To...Many thanks for the detailed,thoughtful comment Tony.Glenn Vowleshttps://www.blogger.com/profile/02392000659876958930noreply@blogger.comtag:blogger.com,1999:blog-36190173.post-13311905203265910122009-01-11T14:29:00.000+00:002009-01-11T14:29:00.000+00:00Having read the New Green Deal, it is obviously an...Having read the New Green Deal, it is obviously an intelligent document and really needs to be supported. Perhaps as recently as a year ago, I would have said its proposals for transforming the financial system (and especially the separation of retail banking, merchant banking and securities from each other) would have almost zero chance of success. However, it is now obvious that the general public, politicians, business people and even some bankers and fund managers have realised that the present financial system is deeply flawed and the smell of reformation is in the air.<BR/><BR/>Looking at the deal from a local level, I can easily see that the raising of a municipal "green" bond investing in energy projects could attract pension fund investment, especially if it has the overall backing of the government. I could also imagine a public transport initiative using a similar bond to invest in cleaner transport technology to reduce reliance on the private car and there is at least one Bristol-based company (Unite)that has a £1 billion investment fund and which is keen to invest in providing accomodation for the private rental sector targeted at those younger working households who cannot get (or want) a mortgage but are inelligible for affordable housing, (recently estimated at between 17,000 and 28,000 in the Bristol local authority area)<BR/><BR/>The Centre for Cities report quoted in the local paper, also highlighted the fact that Bristol had an advanced, hi-tech manufacturing industry with high importance attached to research and development and to intellectual property. Later, the report concludes that low-carbon technologies could be a growth area for the Bristol economy generating new jobs in higher value-added design and engineering roles.<BR/><BR/>A New Green Deal will almost certainly turn out to be the best thing that has happened to Bristol for one hell of a long time.Anonymousnoreply@blogger.com