'Brown recovery' wipes out hopes that pandemic stimulus would drive climate spending

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“The world missed an opportunity to have a green recovery,” said Obama climate official Alice Hill. “We hoped it would. But it didn’t.”

The Tennessee Valley Authority's coal-burning Allen Fossil Plant is shown in Memphis. Trillions of dollars pumped into the global economy during the pandemic have done little to alter the trajectory that has the planet on a path toward blowing through targets to cap temperature increases.

“We haven’t had enough investment,” said Rep. Ro Khanna , a progressive climate hawk who has called for ending tax breaks for fossil fuels. “We have to have massive investment on electric vehicles and solar, wind and battery storage.” While the analyses compiled by policy and energy experts looked at different sets of countries and used a range of methodologies, their conclusions by and large were the same: Global stimulus efforts have favored business-as-usual practices, including government support for fossil fuels, that will do little to constrain greenhouse gas emissions.

“We did not use the crisis as an opportunity,” said Rachel Kyte, dean of the Fletcher School at Tufts University and a climate adviser for the United Nations Secretary General. “It’s not too late, but the G-7 and the G-20 need to do something bigger after the [climate conference].” How big those governments themselves are willing to go at the Glasgow conference in calling for new climate spending is likely to depend partly on the United States. The $1.9 trillion American Rescue Plan Act that passed early this year contained only modest green energy measures, and all eyes are on Democrats’ push for a climate and social spending bill. The $3.

 

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Focus on a future. We have to recall, our immense need for a viable habitat. Necessary to all. Tic toc

...mounting evidence shows that the spending did little to alter the trajectory that has the planet on a path toward blowing through global emissions targets...

Without China and India on board for climate change there is no climate change… just wondering how many Democrats hold stocks in all these green new company’s set to make a bundle

It happens then you don't have nuclear first and go after less reliable sources like wind and solar instead

Thank god we would be lost otherwise. Hahaha!

Aw..........shucks. Bummer. Damn. Shoot.

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Let's go Barrack!

Obozo has caused great harm to this country.

Mother nature WILL have the last word.

World leaders are all mobsters

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