Only 6% of G20 pandemic recovery spending ‘green’, analysis finds

Review of G20 fiscal stimulus spending counters many countries’ pledges to ‘build back better’

Only about 6% of pandemic recovery spending has been “green”, an analysis of the $14tn that G20 countries have poured into economic stimulus.

Additionally, about 3% of the record amounts governments around the world have spent to rescue the global economy from the Covid-19 pandemic has been spent on activities that will increase carbon emissions, such as subsidies to coal, and will do little to reduce greenhouse gases or shift the world to a low-carbon footing.

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(SOURCE) https://www.theguardian.com/environment/2022/mar/02/only-6-of-g20-pandemic-recovery-spending-green-analysis-finds

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