Updated: Jan 11
Governments have made little progress on greening COVID-19 stimulus packages, with spending in only seven of 25 major economies estimated to have a net positive impact for the climate and nature, researchers said on Thursday.
An index, updated every few weeks by think-tanks Vivid Economics and Finance for Biodiversity, found far more recovery money has been earmarked for industries and activities that harm nature, compared with measures like planting trees or restoring wetlands.
Overall, governments are funnelling an estimated $13 trillion into the world’s economies, to foster jobs and growth.
Nearly a third of that is going to sectors that affect carbon emissions and biodiversity - energy, industry, waste management, transport and farming - but the researchers identified only $567 billion as green spending.