World is missing chance for green recovery

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News Desk

The majority of large economies’ planned Covid-19 recovery spending is not green, putting the world on track to plough billions of dollars into reinforcing polluting industries, a report co-authored by the United Nations said on Wednesday.

The Covid-19 pandemic last year triggered the largest contraction in the global economy since the Second World War, prompting unprecedented spending by governments to salvage their virus-hit economies.

But while many leaders pledged to “build back better” and use recovery cash to fight climate change, so far, they are falling short.