The United Nations Conference on Trade and Development (Unctad) has made the case for a ‘Global Green New Deal’, which it says will not only support climate stabilisation, but also help to stimulate economic growth and create jobs. Unctad economist Dr Diana Barrowclough said the proposal sought to recast US President Franklin Delano Roosevelt’s Depression-era New Deal policy on a global scale so as to “pull up the people and cool down the planet”. She calculates that the massive new wave of investment that the ‘green economy’ needs to keep planet Earth from overheating will boost employment and take the global macroeconomy out of its slowdown.