|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Wed, 10th Mar 2021 10:18:00 |
|
Commitment to post-pandemic ‘green’ recovery falling short, UN-backed study finds |
The study analyses pandemic-related fiscal policies of 50 leading economies and reveals that only $386 billion of the $46 trillion spent last year, could be considered green and sustainable.
The research was led by Oxford’s Economic Recovery Project and the Global Recovery Observatory, an initiative based at the university, together with the UN Environment Programme (UNEP).
“Humanity is facing a pandemic, an economic crisis and an ecological breakdown - we cannot afford to lose on any front”, said Inger Anderson, UNEP’s Executive Director.
“Governments have a unique chance to put their countries on sustainable trajectories that prioritize economic opportunity, poverty reduction and planetary health at once - the Observatory gives them the tools to navigate to more sustainable and inclusive recoveries.”
Tackle inequalities, stimulate growth
The report, Are We Building Back Better? Evidence from 2020 and Pathways for Inclusive Green Recovery Spending, calls for governments to invest more sustainably and tackle inequalities as they stimulate economic growth in the wake of the pandemic.
Other key findings reveal just over $66 billion was invested in low carbon energy, mainly due to Spanish and German subsidies for renewable energy projects and hydrogen and infrastructure investments.
Read original full article
|
| |
|
|
Back to Featured Articles
|
|
|
|
|
|
|
|
|
|
|
|
Energy News
|
|
| |
| |
