Governments across the globe are funding record-breaking crisis packages to cope with the economic fallout from the coronavirus pandemic. Is this the time to fund greener, more climate-friendly industries and investments?
Winston Churchill famously remarked “Never let a good crisis go to waste.” It’s hard to argue that the coronavirus pandemic is a “good” crisis, but it is certainly monumental.
Governments across the globe are racing to save businesses and individuals whose lives and livelihoods have been upended by shutdowns from the coronavirus.
At the same time, the sweeping, painful economic downturn has achieved something that years of climate negotiations have not: huge drops in CO2 and other emissions linked to burning fossil fuels, and changes in the ways companies and individuals go about their daily lives and work.
Fatih Birol, executive director of the International Energy Agency, thinks governments should embrace the chance to build a “Green New Deal” into their bailout packages.
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