We could have strategic, coordinated, transformative "state-led electrification for energy sovereignty", and a life-improving "green social bargain".

"The experience of successful developmental states—from the East Asian tigers to contemporary China—teaches us that transformative industrial policy delivers where it is accompanied by coercive credit policy, where the state steers transformative investment through credit and equity flows."

"There is no doubt that countries can afford free green public mobility. Crushed by fossil fuel shortages far worse than anything Europe has had to deal with so far, the government of Pakistan has announced free public transit by bus, as has Ho Chi Minh City in Vietnam."

Excerpt from Daniela Gabor and Benjamin Braun's article in Phenomenal World: 'Against Carbon Shock Therapy: Building a toolkit for decarbonized sovereignty': https://www.phenomenalworld.org/analysis/against-carbon-shock-therapy/

#freeTransit #freeTransport #credit #climatePolicy #greenTransition #finance #energy

Since implementing free bus travel in 2014, Dunkirk has seen bus passenger numbers soar by 165%.

Daily users benefit from the convenience and reduced pollution, all without paying a fare.

"You never have to wait long," says Theo, a regular.

#FreeTransit #Sustainability #AirQuality