Fidest – Agenzia giornalistica/press agency

Quotidiano di informazione – Anno 32 n° 289

A unique chance to steer the economy away from carbon

Posted by fidest press agency su lunedì, 25 maggio 2020

The Economist this week calls for a global effort to tackle climate change. Covid-19 creates a unique chance to steer the economy away from carbon at a much lower financial, social and political cost than before. Rock-bottom energy prices make it easier to cut subsidies for fossil fuels and to introduce a tax on carbon. The revenues from that tax can help repair battered government finances. The businesses at the heart of the fossil-fuel economy—oil and gas firms, steel producers, carmakers—are already going through the agony of shrinking their long-term capacity and employment. Getting economies back on their feet calls for investment in climate-friendly infrastructure that boosts growth and creates new jobs. Low interest rates make the bill smaller than ever. The world should seize the moment. (by Zanny Minton Beddoes, Editor-In-Chief – font: The Economist)

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