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How Australia will create a green economy to end climate crisis

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How Australia will create a green economy to end climate crisis

There is a growing argument that the rebound from the coronavirus gives Australia an opportunity to excel where it has suffered for more than a decade: breaking away from the climate crisis and moving in a new direction.

The aim of helping jumpstart an economic rebound after the pandemic-forced shutdown by also tackling the other great existential dilemma of the moment is to gain credibility across the political spectrum, both here and abroad.

It was not only backed by climate campaigners and conservationists, but also by industry, insurers, oil companies, unions and big investors.

How Australia is going to fix the climate crisis

At the annual Petersberg Climate Dialogue, Kristalina Georgieva, the head of the International Monetary Fund. Articulated the push in late April while addressing the leaders of 30 countries. She dismissed the idea that the health crisis and the economic downturn triggered by the “great freeze” that resulted meant that efforts would be postponed to tackle the climate crisis.

“There is nothing further from the truth,” she said. “We ‘re going to launch a huge fiscal boost that will help us handle all challenges at once.

“If this recovery is to be successful-if our environment is to become more robust. We will do whatever we can to encourage a green recovery. To put it another way, taking action now to combat the climate crisis is not just a nice-to-have. It’s a ‘must-have’ if we want to leave our children to a better world.

Implicit in Georgieva ‘s call is that this could be a one-off opportunity to reduce greenhouse gas emissions. Also avoid what scientists would warn of being a disaster for vast parts of the world.

Others of course agree. The German government has pushed for stimulus measures. To invest in jobs that will mitigate pollution rather than return to business as normal in the future. Britain has advocated speeding up the use of renewable technology. Saying it will have a significant effect on the potential health, prosperity and, eventually, well-being of our communities.’

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