Green stimulus can repair global economy — and climate

Projects which cut greenhouse gas emissions as well as stimulating economic growth deliver higher returns on government spending, in the short term and in the longer term, than conventional stimulus spending, the study from Oxford University found.

Many of the projects that could create new jobs in the UK are “shovel-ready”, compliant with social distancing requirements and could be started quickly, said Cameron Hepburn…lead author of the study.

He cited energy efficiency programmes to insulate the UK’s draughty housing stock, the building of electric vehicle charging networks, redesigning roads for more cycling, flood protection and planting trees. “These all need large-scale deployment, offer low to moderate skilled work and will have benefits in terms of climate change as well as boosting the economy,” he said.

Problems and solutions in the UK and USA are similar enough that I imagine it wouldn’t take more tweaking than deciding which side of the road to drive on. Worth examining further. Expressed thoughtfully, could be a decent add to November election issues.

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