Commitment to post-pandemic ‘green’ recovery falling short, UN-backed study finds

The UN is urging countries across the world to 'build back better' after the COVID-19 pandemic. (Photo via World Bank)

(United Nations News) Countries have fallen short in their commitments to build back better after the COVID-19 pandemic, with just 18 per cent of announced recovery spending going towards ‘green’ investment, according to a new report published on Wednesday by the UN and Oxford University. 

The study analyses pandemic-related fiscal policies of 50 leading economies and reveals that only $386 billion of the $46 trillion spent last year, could be considered green and sustainable. 

The research was led by Oxford’s Economic Recovery Project and the Global Recovery Observatory, an initiative based at the university, together with the UN Environment Programme (UNEP). 

“Humanity is facing a pandemic, an economic crisis and an ecological breakdown – we cannot afford to lose on any front”, said Inger Anderson, UNEP’s Executive Director. 

Read more at: United Nations News

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