Category: Governance
Hope for real green stimulus is still looking scant Hope for real green stimulus is still looking scant Hope for real green stimulus is still looking scant
Politicians across the globe are pledging not to let this crisis go to waste and to use economic stimulus packages to “build it back better.” Enormous change is indeed possible thanks to historically unheard of borrowing levels, which afford politicians the opportunity to do something they love – give away other people’s money. But for those of us who are hoping for real action on climate change, there has been precious little “meat” in the gargantuan stimulus packages. Maybe this will come as the initial emergency responses are engineered to more finely tune regrowth. But rather than rely on governments, there is much that can be done by consumers, businesses and shareholders. That is, by you.
As plagues go, the terrible suffering from Covid-19 is not unique, but the “pancession” it has induced is. Last week, Fitch revised its global GDP forecast to a prediction of -4.6%, with the States falling 5.2% and the Eurozone falling 8.2%. Among…