Maverick Citizen Op-Ed: To recover from Covid-19, SA needs ‘Green New Deal’

the country’s GDP to contract by 6.2% in 2020 – but even that figure may end up being an underestimation, with all predictions being marked by “extreme uncertainty”, according to the International Monetary Fund’s chief economist.

On Tuesday night President Cyril Ramaphosa announced a major stimulus and recovery programme worth R500 billion — which will help fund such measures. the chief of the UN’s International Labour Organisation, the world faces the prospect of 195 million job losses in the next three months alone. As the UN’s Intergovernmental Panel on Climate Change has highlighted, to keep global warming from surpassing the crucial threshold of 1.5°C, transformation across virtually all sectors of society is required. If all countries implement a GND up to the task,

Source: Financial Digest (financialdigest.net)

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