Smart Transport

Global mayors call for governments to invest in the green recovery

Investing COVID stimulus funds in green solutions would deliver a much faster economic recovery, according to new research released by a group of global mayors.

The C40 Global Mayors COVID-19 Recovery Task Force said it is “deeply concerned” that only 3% - 5% of an estimated US$12 - $15 trillion in international COVID stimulus is currently committed to green initiatives.

The C40 wants investment directed towards mass transit, walking, cycling and green infrastructure.

By propping up old and polluting economies, the mayors warn in a statement that a “dirty recovery” will accelerate the climate emergency, endanger public health, cost lives, and sacrifice jobs.

“By ignoring the opportunity to make rapid green stimulus investments, most national governments and global institutions are likely leading us to catastrophic climate change”, the statement says.

The C40 Case for a Just and Green Recovery report makes clear that a green and just recovery would help cut air pollution by almost 30% in cities around the world and more than halve greenhouse gas emissions by 2030.

“The most significant test of any government’s commitment to climate action right now is where it is directing COVID stimulus funding for recovery,” the mayors of the C40 Global Mayors COVID-19 Recovery Task Force say in their statement.

The Task Force repeated their call to national and regional governments, central banks and international financial institutions to join them in delivering a green and just recovery from COVID-19.

Their demands also include an end to public fossil fuel investments and subsidies; commitments to an equitable and inclusive recovery; protecting mass transit; and investing in clean energy and in resilient cities as the engines of the recovery.

C40 mayors also called on all those who share their vision for a green and just recovery to join their Global Green New Deal coalition of mayors, business leaders, trade unions, investors, youth activists, civil society and global citizens.

Giuseppe Sala, mayor of Milan, Italy, and chair of the global mayors COVID-19 Recovery Task Force said: “While we must continue to focus on preventing the further spreading of the virus and on responding to the immediate needs of our affected communities, we are also called to provide a long-term vision and to prepare for it as well as possible.

“I believe the results of the research on the benefits of a green stimulus – and the frightening costs of a lack of green stimulus – are compelling and influential.

“They demonstrate why a recovery that is green and just is the only possible recovery and what are the benefits of sustainable and equitable investments for our citizens.

“I am sure this will have a powerful domino effect in pursuing a green and just recovery throughout our continents.”



Comment as guest


Login  /  Register

Comments

No comments have been made yet.

Related content




Office Address
  • Smart Transport
    Media House
    Lynch Wood
    Peterborough
    PE2 6EA
Join the community
  • Smart Transport is the UK's most important brand to bring together senior public policy makers and influential private sector leaders to showcase real-time solutions aligned to government policy.
  •  
  • Find out more
  • Insight
  •  

 

Welcome to Smart Transport

Welcome to the Smart Transport website, keeping you up-to-date with the latest news, insight and reports from policymakers and thought leaders.

The Smart Transport brand connects policy to solutions by bringing national government and local authority policymakers together with private sector organisations.

Contact Lindsay Greatbatch for more information.

© Bauer Consumer Media Ltd
Media House, Lynch Wood, Peterborough, PE2 6EA - Registered number 01176085 IPSO regulated logo

 

Smart Transport members

Smart Transport board members

 

Please note:
By submitting any material to us you are confirming that the material is your own original work or that you have permission from the copyright owner to use the material and to authorise Bauer Consumer Media to use it as described in this paragraph. You also promise that you have permission from anyone featured or
referred to in the submitted material to it being used by Bauer Consumer Media. If Bauer Consumer Media receives a claim from a copyright owner or a person
featured in any material you have sent us, we will inform that person that you have granted us permission to use the relevant material and you will be responsible for paying any amounts due to the copyright owner or featured person and/or for reimbursing Bauer Consumer Media for any losses it has suffered as a result.