Last week saw the 50th anniversay of Earth Day. Whilst this could have been easily overshadowed by current global events, it’s positive to see growing calls for a ‘green recovery’ to deal with the impacts of coronavirus. Increasingly investors, politicians and companies are understanding that the longer-term economic response offers a chance to address the more profound risks posed by climate change. Ministers from Germany, France and other EU members have begun to signal their support for aligning recovery interventions with climate goals, and there have been calls for state aid to be conditional on climate measures. Now could be the time to embed climate considerations into economic policy in a way some have been reluctant to in the past.
Calls grow to treat shock of coronavirus with ‘green recovery’
May 1, 2020