As responsible business leaders and investors in industries across America, we support the Green New Deal. By aligning with its brave vision and reality-based goals, American innovation can bring to scale long-overdue economic, environmental, and social benefits. We can create broad opportunity, rebuild our deteriorated infrastructure, and combat the clear and present danger of climate change. At its core, the Green New Deal offers a policy direction that will result in better business results for all stakeholders and a more vibrant and resilient economy.
The Green New Deal focuses attention on modernizing America’s water, transportation and energy infrastructure. This work presents inherent opportunities for growing our businesses, creating good jobs and taking effective action against environmental dangers that impede our business success. Business leaders and investors know the best way to achieve Green New Deal goals is with thoughtful public-private partnerships. We’ve done it before, with projects like our interstate highway system, National Institutes of Health and the Internet.
As business leaders and investors, we believe in the power of business to change the world. But today’s urgent challenges demand we scale solutions much faster than private industry can do alone. If government provides criteria and goal-oriented incentives, the market will respond, and business will create responsible, sustainable growth. That’s just how it works.
Many innovative solutions already exist to meet Green New Deal goals – with even more in the works. But scaling solutions takes both smart investment and a well-structured market. If government supports the Green New Deal’s unifying, high-priority vision, it can bring business and other stakeholders together to achieve crucial goals. For example, a bank for infrastructure could have lending criteria that are both market-based and sustainable. If we reward companies for solutions that impose fewer externalized costs, they can be competitive and deliver environmental, social and economic benefits we need.
Economic growth is compatible with shared prosperity, social justice, environmental protection and regeneration. In fact, they’re essential for growth that is truly sustainable. To modernize our infrastructure, restore economic opportunity, protect our home planet and regain our world leadership, the vision and goals of the Green New Deal are a good place to start. America’s business community is depending on it.
