The overall sums this time are also much higher, which means that the total amount of green stimulus spending today is more than three times as high as it was 12 years ago. The biggest change since Vivid examined the global green recovery last autumn has been the inauguration of Joe Biden as US president. For instance, of the $900bn stimulus spending agreed by Congress, only about $35bn went to clean energy. That leaves much more for Biden to do to put the world’s biggest economy on course for a genuinely green recovery. Green spending would generate much needed jobs as well as improve the environment, improve health and restore nature, studies have shown.

Source: The Guardian February 12, 2021 06:56 UTC