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Green recovery report: Just 12% of global Covid-19 stimulus will benefit climate and nature

Green recovery report: Just 12% of global Covid-19 stimulus will benefit climate and nature G20 nations have spent $14.9trn on Covid-19 stimulus packages for businesses since the Covid-19 pandemic began - but only 12% has gone to industries with a positive impact in the fight against climate change and nature loss. Funding for fossil fuels has been, globally, greater than for low-carbon sectors - and much funding has been provided without environmental conditions That is according to the latest edition of the Greenness of Stimulus Index from think-tanks Vivid Economics and Finance for Biodiversity (F4B), published today (12 February). The updated edition includes all packages announced by Joe Biden since he took up office as US President earlier this year.

United statesUnited kingdomJoe bidenJeffrey beyerClimate plan for clean energyStimulus indexVivid economicsPresident trumpExecutive orderAmerican rescueClimate planClean energyEnvironmental justiceCanadian governmentHealthy environmentHealthy economy plan

In the green - Prospect Magazine

In the green January 24, 2021 Making finance green will be crucial to encourage and develop a net-zero economy © Photo by Riccardo Bresciani from Pexels The Covid-19 crisis has tragically demonstrated that health, economic well-being and the environment are inextricably connected. As we look beyond the pandemic, we have an unprecedented opportunity to build an inclusive, net zero and resilient economy. Governments globally have already announced $13 trillion of stimulus packages as an immediate response. However, according to the Greenness of Stimulus Index, the UK is one of only six G20 countries to date to have a stimulus package with a net positive contribution to the environment. As longer term recovery measures are put in place worldwide, we must not miss this once-in-a-generation…

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