Pandemic is chance to reset global economy, says Prince Charles
Prince of Wales unveils a five-point plan to stimulate sustainable economic growth
The recovery from the coronavirus crisis represents an opportunity to reset the global economy and prioritise sustainable development without further damaging the planet, Prince Charles said at the opening of a World Economic Forum (WEF) virtual meeting.
Outlining a five-point plan to rebuild economies following a global recession, the 71-year-old prince said the pandemic was the result of a breakdown in the link between humanity and nature that could be corrected by recognising the interdependence of all living things".
To capture the imagination and will of humanity - change will only happen if people really want it.
The economic recovery must put the world on the path to sustainable employment, livelihoods and growth. Longstanding incentive structures that have had perverse effects on our planetary environment and nature herself must be reinvented
Systems and pathways must be redesigned to advance net zero transitions globally. Carbon pricing can provide a critical pathway to a sustainable market.
Science, technology and innovation need re-invigorating. Humanity is on the verge of catalytic breakthroughs that will alter our view of what it possible and profitable in the framework of a sustainable future.
Investment must be rebalanced. Accelerating green investments can offer job opportunities in green energy, the circular and bio-economy, eco-tourism and green public infrastructure.
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