Few countries are living up to their promises of a “green recovery” from the coronavirus crisis, with hundreds of billions of dollars likely to be spent on economic rescue packages that increase greenhouse gas emissions, research has found. The US is planning nearly $3tn in spending with few environmental safeguards attached, and little money going to low-carbon efforts, while rolling back regulations that protect nature and the environment. Of the total US stimulus of about $2.98tn, only about $39bn is going towards green projects, according to the analysis. Among the world’s 20 biggest economies, only the UK, Germany and France as individual countries, and the EU as a whole, are planning for a green recovery in which the benefits to the climate and nature outweigh the negative impacts, according to an analysis, entitled the Greenness of Stimulus Index, by Vivid Economics as part of the Finance for Biodiversity initiative.
Guardian 23rd Sept 2020 read more »