Over the past months the world has witnessed unprecedented government financial interventions in response to COVID-19. Governments have rightly put people first and focussed on the immediate implications of the crisis. But analysis by Vivid Economics concludes that announced stimulus to date will have a net negative environmental impact in 16 of the G20 countries and economies. As a result, the vast majority of the money going to business in the short term could be risking future environmental sustainability.
The coronavirus shows us that our fate is inextricably linked to that of the natural world. Governments might be inadvertently creating conditions which make things worse when they have the opportunity and responsibility to ensure short-term emergency measures lead to a better more resilient future.
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