Green stimulus can repair global economy and climate, study says

Green economy recovery packages for the coronavirus crisis will repair the global economy and put the world on track to tackle climate breakdown , but time is running out to implement the changes needed, new analysis has shown. Projects which cut greenhouse gas emissions as well as stimulating economic growth deliver higher returns on government spending, in the short term and in the longer term, than conventional stimulus spending, the study from Oxford University found. The climate crisis will deepen coronavirus. A green stimulus plan can tackle both | Daniel Aldana Cohen, Daniel Kammen Read more Many of the projects that could create new jobs in the UK are “shovel-ready”, compliant with social distancing requirements and could be started quickly, said Cameron Hepburn, director of the Smith School of enterprise and the environment at Oxford University and lead author of the study. He cited energy efficiency programmes to insulate the UK’s draughty housing stock , the building of electric vehicle charging networks , redesigning roads for more cycling, flood protection and planting trees. “These all need large-scale deployment, offer low to moderate skilled work and will have benefits in terms of climate change as well as boosting the economy,” […]

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