- The 50 largest economies have pledged an estimated $14.6 trillion for post-pandemic recovery.
- Less than one-fifth is being directed toward green initiatives, according to an Oxford University report.
- The report highlights the need for governments to balance short-term progress, like job creation, with longer-term projects like decarbonizing the economy.
The world’s 50 largest economies have pledged to spend trillions of dollars on post-pandemic recovery initiatives, estimated to total $14.6 trillion. While these sums will help to protect and create jobs, the environment must also be a priority, according to a study looking at which countries’ economic stimulus packages are doing the most to protect the environment.
The report, Are We Building Back Better?, from the Oxford University’s Global Recovery Observatory, which is supported by the UN Development Programme, the UN…