Saturday, May 02, 2020

Merkel Makes Sense

Germany's Merkel wants green recovery from coronavirus crisis Governments should focus on climate protection when considering fiscal stimulus packages to support an economic recovery from the coronavirus pandemic, German Chancellor Angela Merkel said ......... Merkel wants to combine the task of helping companies recover from the pandemic with the challenge of setting more incentives for reducing carbon emissions. ....... Speaking at a virtual climate summit known as the Petersberg Climate Dialogue, Merkel said she expected difficult discussions about how to design post-crisis stimulus measures and about which business sectors need more help than others. ......... “It will be all the more important that if we set up economic stimulus programmes, we must always keep a close eye on climate protection,” Merkel said ........ supporting modern technologies and renewable energies. ......... U.N. Secretary General Antonio Guterres told the conference there could be an opportunity for the world in the “dark times” of the coronavirus crisis. ........ “The restart can lead to a healthier and more resilient world for everyone,” he said. ...... Merkel said governments should pull in private-sector money through international financial markets to finance the costly shift towards a more climate-friendly economy........ Merkel also welcomed the more ambitious goal set by the European Commission, the European Union’s executive, of cutting greenhouse gas emissions by up to 55% by 2030 compared to 1990 levels. .......... The EU agreed last week to build a trillion-euro recovery fund to revive economies ravaged by the pandemic and has already signed off on state aid worth 1.8 trillion euros ($1.95 trillion).

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