Global green recovery plans fail to match 2008 stimulus, report shows

Exclusive: just 12% of spending on economic rescue packages is going towards low-carbon projects, research finds

Efforts by governments around the world to forge a green recovery from the coronavirus pandemic are so far failing even to reach the levels of green spending seen in the stimulus that followed the 2008 financial crisis, new analysis has shown.

Only about 12% of the spending on economic rescue packages around the world is going towards low-carbon projects, such as renewable energy and clean technology, according to a report by Vivid Economics, published on Friday.