As countries continue to battle the insidious virus, a chorus of voices is rising up to demand fundamental changes in the way governments and industries approach global threats.
The COVID-19 pandemic and accompanying economic downturn has highlighted humanity’s interconnectedness, as well as its vulnerabilities. This painful period has also put into stark relief the failure of policy and strategic decisions to adequately respond to major global challenges like climate change and biodiversity loss. Stimulus measures adopted over a decade ago in response to the global economic and financial crisis created unhealthy path-dependencies in transport and energy.
As countries continue to battle the insidious virus, a chorus of voices is rising up to demand fundamental changes in the way governments and industries approach global threats. Yet many governments have missed the chance to embed sustainability into the stimulus packages adopted in response to the latest international crisis.
Yet there are some bright spots. Based on the proposal of the European Commission, European leaders agreed on a recovery instrument of a total of 750 billion euro to support investments and reforms that also facilitate green and digital transitions.”
