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Climate crisis: Covid-induced economic woes hindering low-carbon transition

UN report, Are we building back better? ‘The sense that we have is that we’ve won the rhetoric war – but we’re nowhere close to having a green economy,’ says Ronan Palmer, head of the clean economy programme at London-based think-tank E3G. ‘The longer the pandemic goes on, the more governments may have to support the fossil fuel industry as that’s where the jobs are at the moment.’ He acknowledges this is a tough stance to take, but that the transition needs to be a managed process – while also cautioning that increased government debt leads to concerns about austerity measures. ‘This won’t help the transition either – they do need to invest in the transition,’ Palmer adds.

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