IMF - How Governments Can Create a Green, Job-rich Global Recovery

04 December 2020 |

Climate change and the COVID-19 crisis have a great deal in common. Both are human tragedies and economic catastrophes: The pandemic has taken more than a million lives, thrown hundreds of millions out of work, and is projected to wipe out $28 trillion in output over the next five years; climate change’s effects, meanwhile, are upending lives and livelihoods. Both crises are most devastating for vulnerable people and communities around the world. And both punish nations for under-preparation and shortsightedness.

The two crises share something else in common: A strong, coordinated, green public investment push can help address both.

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