Germany Touts Green Stimulus in Post COVID-19 Policy Push

[Maddox]

Such a move would allow Germany, Europe’s biggest emitter of greenhouse gases, to exploit a positive environmental quirk of Covid-19’s affect on the economy: plummeting CO2 emissions, said Patrick Graichen, executive director of the Agora Energiewende think tank in Berlin.

“What counts for the climate is sustainable reduction in emissions, not a one-time drop,” Graichen said by phone. “We need a green growth and investment program fast. For sure, once the crisis is over, emissions will soar again.

Germany Touts Green Stimulus in Post Covid-19 Policy Push

Germany’s green energy shift may get a financial shot in the arm when the impact of the coronavirus ebbs, according to a senior member of Chancellor Angela Merkel’s cabinet.

www.bloomberg.com