Rocky Mountain Institute has published a new report which discusses four key ethics to help global economies to decarbonise and recover from the economic downturn caused by COVID-19 and climate change.
The four key ideologies to ensure a green stimulus and recovery discussed in the Global Stimulus Principles: The Economy We Build Should Not Be the Same Economy We Decarbonise report are:
- Create jobs and grow the economy: Economies should prioritise investments with the greatest job creation and economic growth potential.
- Support public health and reduce air pollution: in light of the current COVID-19 crisis, support industries and technologies with the potential to improve public health.
- Enhance economic, energy and climate resilience: Prioritise the industries, technologies and systems that help people weather or adapt to unexpected shocks or crises.
- Decarbonise: Prioritise investments that will enable the world to achieve the Paris Agreement’s goal of limiting warming to 1.5⁰C.
Jules Kortenhorst, the CEO of Rocky Mountain Institute, said: “The world is going through an enormous crisis impacting us all, first and foremost those who have fallen ill and their loved ones. Looking forward, stimulus and recovery investments will be vital to our collective rebuilding. These investments must be targeted to help us in the near term and set us up for the long term.”
Carla Frisch, principal at Rocky Mountain Institute and co-author of the paper, adds: “Just as with the climate crisis, the crisis the world is facing right now requires a collaborative, global response to move us forward on the path we need.”
Click here to download the Global Stimulus Principles paper.