How a Post-pandemic Stimulus can both create Jobs and help the Climate

Delivering sustainable economic growth
Jun 23, 2020 | McKinsey&Company, Hauke Engel, Alastair Hamilton, Solveigh Hieronimus et al

The period after the COVID-19 crisis could determine whether the world meets or misses the emissions goals of the 2015 Paris Agreement, which were set to limit global warming to 1.5°C to 2°C. But a high-carbon recovery could make it hard to meet the goals, and heavy relief and stimulus spending might leave governments too debt-strapped to pay later for emissions cuts. Hauke Engel, Alastair Hamilton, Solveigh Hieronimus et al suggest in this article for McKinsey&Company that a climate-smart approach to a post-pandemic recovery could put the world on an emissions pathway with an average temperature increase of a relatively safe 1.5°C.  A low-carbon recovery could not only initiate the significant emissions reductions needed to halt climate change but also create more jobs and economic growth than a high-carbon recovery.
https://www.mckinsey.com/~/media/McKinsey/Business Functions/Sustainability/Our Insights/How a post-pandemic stimulus can both create jobs and help the climate/How-a-post-pandemic-stimulus-can-both-create-jobs-and-help-the-climate.pdf

print button Print
Related Articles:

Popular Articles

Poverty as a Wicked Problem

The belief that poverty can be prevented by identifying and dealing with its causes, and the...  Read More

Is Mars Ours?

Jun 13, 2021 | The New Yorker, Adam Mann

NASA and China having landed mobile rovers on the surface of Mars has raised the question of...  Read More

Think Local and Act Global - A Conversation with GGF 2030 fellow Cara Stauß

Nov 15, 2018 | Global Policy,

World affairs, diplomacy and trade are no longer solely the domain of nation-states, as cities...  Read More

Global Extreme Poverty

According to household surveys, 44 percent of the global population lived in absolute...  Read More

Popular Videos

A Message from Alan Doss, President of the Kofi Annan Foundation

Highlights from the G20 Think Tank Summit GLOBAL SOLUTIONS in Berlin

Happy Birthday Kofi Annan!

T20 Summit GLOBAL SOLUTIONS – Sean Cleary

Global Trends, Risks and Rewards — Where Are We Now, Where Are We Going?