Article 5WP00 Only 6% of G20 pandemic recovery spending ‘green’, analysis finds

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

by
Fiona Harvey Environment correspondent
from Economics | The Guardian on (#5WP00)

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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