Less than a fifth of the money spent by major economies on long-term Covid recovery measures can be considered “green”, a new report has found. An analysis by the University of Oxford and the UN Environment Programme finds that only a small number of countries have significantly increased spending on measures to tackle greenhouse gas emissions, air pollution and nature loss since the start of the pandemic. The world’s 50 largest countries announced $14.6 trillion (£10.5 trillion) in spending in 2020 – of which just $368bn (2.5 per cent) went towards green initiatives, the report said. Around $1.9 trillion of the total was spent on long-term Covid recovery measures. Of this money, $341bn (18 per cent) went towards green recovery measures, according to the analysis.
Independent 10th March 2021 read more »
iNews 10th March 2021 read more »