Borrowing from the New Economics Foundation (in July 2008 the NEF published a report A Green New Deal), the leader of Plaid Cymru, Leanne Wood has promised a “Green New Deal” to rejuvenate the Welsh economy and to help maintain Wales’ position at the forefront of Green policies.
With a reference to US President Roosevelt, whose New Deal is seen as instrumental in reviving the US economy after the 1930s depression, Wood said:
Like Roosevelt in the United States of the 30s, Wales needs a new New Deal.
A Green New Deal aiming to provide skills, work, hope and opportunity to a new generation who have a right to believe that life can be better.
Amongst other proposals, Leanne Wood outlined plans for new Wales based financial institutions and tax breaks for pension funds investing in Wales that should give the economy a boost:
“Investing two or three percent of our workers assets in Wales would help transform the Welsh economy while representing no risk at all to the future returns to scheme members”.
Renewable energy production and a national home energy efficiency programme will be cornerstones of Plaid’s proposals for a greener future. Details of all these proposals these will be central to Plaid’s manifesto for the 2016 Welsh assembly elections.
…one to watch, I’m not sure that we can afford any more sprinkler laws…