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Only 18% of global Recovery spending in 2020 was green

By Elizabeth Perry - Work and Climate Change Report, March 10, 2021

The United Nations Environment Programme (UNEP) released Are We Building Back Better? Evidence from 2020 and Pathways for Inclusive Green Recovery Spending, on March 10. It estimates that in 2020, the world’s fifty largest economies announced USD14.6tn in fiscal measures to address the pandemic economic crisis, and states: …. “Excluding currently uncertain packages from the European Commission, 18.0% of recovery spending, and only 2.5% of total spending, is expected to enhance sustainability. The vast majority of green spending has come from a small set of high-income nations” with France, Germany and South Korea highlighted for their relatively high percentage of green recovery spending. Canada’s spending is small, with only brief references which state that we have focused on “cleaning dirty energy assets”, and have made fossil fuel investment. (no details or examples given). It is notable that the report covers 2020, so that U.S. spending is also low, though hope is expressed for the Biden/Harris administration. Notably, the report looks to the future: “….. the largest window for green spending is only now opening, as nations shift attention from short-term rescue measures to recovery. Using examples from 2020 spending, we highlight five major green investment opportunities to be prioritised in 2021: green energy, green transport, green building upgrades & energy efficiency, natural capital, and green research and development.”

Each of those topics is analyzed, with some exemplary policies highlighted. Some overarching issues: “Of particular note, despite continuing high global unemployment and widespread damage to human capital, spending on worker retraining in 2020 was small and almost exclusively non-green. Nations transitioning to a low-carbon economy must invest in human capital to enable and match future growth priorities. Structural changes in major sectors, including energy, agriculture, transport, and construction, require shifts in the structure and capabilities of the domestic labour force.”

Also, regarding “green strings”: “Although some dirty rescue-type expenditure may have been necessary to ensure that lives and livelihoods were saved, many of the largest of these policies could have included positive green attributes. For instance, airline bailouts in nations all over the world, including South Africa, South Korea, the United Kingdom, and the United States could have included green conditions. Green conditions tied to liquidity support, like requirements to reach net-zero emissions by 2050 or mandates to increase sustainable fuel use, can ensure short term relief while also promoting investment in long-term technological development and acting as a strong guide in national efforts to meet climate targets.”

The report is supported by the United Nations UNEP, the International Monetary Fund and GIZ through the Green Fiscal Policy Network (GFPN). The data was collected by the Oxford University Economic Recovery Project and is now available through the Global Recovery Observatory, a new database which will be updated regularly (most recently at the end of February).

The report cites many other studies and reports, notably: “Will COVID-19 fiscal recovery packages accelerate or retard progress on climate change?” by Cameron Hepburn, Brian O’Callaghan, Nicholas Stern, Joseph Stiglitz, and Dimitri Zenghelis, which appeared in the Oxford Review of Economic Policy in May 2020.

South East and East Asia Peasant Women extend unconditional solidarity to villagers resisting THAAD missile system in South Korea

By staff - La Via Campesina, February 6, 2018

In 2016, the Korean government agreed with the US to place the American built anti-ballistic missile system THAAD (Terminal High Altitude Air Defense) in the quiet town of Seongju South Korea. The then government of South Korea headed by conservative president Park Geun-hye, steamrollered the project through a hasty environmental review during her last months in office. This weapons system will threaten peace in the world, particularly in South Korea and North East Asia, apart from facilitating the spread of US hegemony in this region. It is harmful to human health and the environment. A majority of the Korean people are absolutely opposed to this government’s unilateral policy decision. Korean peasants’ organisations have been consistently opposing the project as its threatens peace and stability in the region.

At the Regional Women Workshop of La Via Campesina South East and East Asia, held in January 2018, the peasant leaders from several countries in the region unanimously condoned the project, visited the communities affected and extended solidarity to the residents of the village that is at the forefront of the resistance against this missile program. Here is the complete statement that came out after participants visited the affected region.

Are “Green” Jobs Decent?

By Lene Olsen, et. al. - International Labour Organization, 2012

This issue of the Journal focuses on the question of whether the jobs that are emerging in the efforts to reach sustainable development can be described as “decent”.

A series of case studies is presented which demonstrates that this seems to be far from the case. While these results remain very partial, this should be seen as an important reminder that “green” employment is not decent by definition and that like in any other sector, green jobs require careful stewardship from public authorities to ensure that workers are able to exercise their rights. This is all the more the case given the central role government policy plays in creating the enabling conditions for these industries to emerge and thrive.

Read the report (Link).

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