Economist Podcasts Clear skies with a chance: covid-19’s green opportunity
May 25, 2020
Katrine Bragg, The Economist's environment editor and climate change expert, discusses the unexpected decrease in carbon emissions during the pandemic. She highlights the crucial moment for adopting greener practices and the potential for a sustainable economic recovery. Bragg also connects military service to citizenship challenges, emphasizing evolving pathways amid current crises. Additionally, she explores how the pandemic has reshaped the sports world, impacting fan engagement and league revenues.
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COVID's Impact on Emissions
- The COVID-19 crisis significantly impacted emissions, similar to the 2008 financial crisis.
- However, there's more hope for a green recovery this time due to technological, political, and public opinion shifts.
A Different Landscape for Green Transition
- Renewable energy costs have significantly decreased, making them more competitive.
- The Paris Agreement and increased public awareness support climate action.
Policy Recommendations for Green Recovery
- Governments should phase out fossil fuel subsidies and invest in renewable energy.
- Electrification of transport and green R&D are crucial.