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The devastating impact of Covid-19 is becoming clearer each day, with governments taking unprecedented steps to save lives and livelihoods. As stewards of people’s capital, long-term asset owners are fully aligned with these priorities.
Once this immediate health crisis starts to stabilise, the focus will turn to prevention of future outbreaks and planning for the recovery. A global programme of repair is needed. Here, we have the strategic responsibility to, in the words of UN Secretary General Antonio Guterres, "recover better". Frameworks such as the Sustainable Development Goals (SDGs) provide a ready-made guide for such a recovery.
In the wake of the global financial crisis, national governments introduced green stimulus programmes amounting to just over 16% of the total public finance boost. Facing the economic f…