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Speaking ahead of a virtual meeting of 30 nations, Germany and Britain’s environment ministers said Monday that efforts to revive the global economy in the wake of the coronavirus pandemic must ensure a ‘green recovery’ that helps the world tackle climate change, according to AP. The ministers emphasized the importance of economic recovery programs to invest in jobs of the future that reduce greenhouse gas emissions and the need for the global community to work together to prioritize a green recovery.
Additionally, ahead of the digitally-held Petersberg Climate Dialogue, an annual summit organized by the German government in preparation for the UN climate conference, 68 companies released a statement expressing their support of green economic stimulus measures.
Why This Matters: Aside from the declaration from Europe’s two largest economies French Finance Minister Bruno Le Maire also expressed that any recovery efforts should be in line with the EU’s climate goals and across the world, New Zealand has indicated a similar goal. But here in the United States, when Democrats tried to push for similar measures in recovery packages they were met with ridicule by their Republican colleagues. But Republicans recently pushed for their Trillion Trees Act to include incentives for homeowners and homebuilders to use low-carbon building materials, energy-efficient appliances, and more insulation–though this certainly won’t yield as many jobs as investing in renewables.
Renewable Energy Outlook: Whereas the outlook for investment in renewable energy projects in the United States looks uncertain, in Europe the environment is much more favorable. Despite COVID-19 and a global economic recession, France had stepped up its commitment to renewable energy.
In the U.S.? After President Trump and Senator Majority Leader Mitch McConnell mocked clean energy, the industry–one of America’s most promising–could lose up to half a million jobs without necessary protections and precautions.
Investing $110 trillion in renewables could, on the other hand, potentially spur an even more robust economic recovery from COVID-19 by creating massive socioeconomic gains as well as generate savings of $50 trillion-$142 trillion by 2050.
This goes to show that we know what the biggest job-creating investments are in our economy, we just need the political will to direct federal dollars into those industries. Europe is taking the data seriously, will the U.S.?
by Natasha Lasky, ODP Contributing Writer The city of San Jose, CA will become the largest city in the United States to ban natural gas from all new construction. The San Jose City Council is expected to approve a proposal that forbids natural gas use in new commercial and high-rise residential buildings, expanding an earlier […]
Chicago-based Invenergy announced this week that it will construct at a site in northeastern Texas a $1.6 billion project that will provide 1,310-megawatts of solar energy by 2023. The project is likely to create approximately 600 jobs during the construction, as well as bring in more than $250 million in landowner payments and $200 million in […]
by Ashira Morris, ODP Contributing Writer Since the beginning of the pandemic, most Americans have received a single check for $1,200. However, fossil fuel companies are not most Americans. The US government spent big — $15 billion dollars big — to help the companies responsible for the climate crisis. According to a new analysis by […]
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