(ANSA) - ROME, MAY 5 - Raising the economies folded by Covid-19 with "green" policies, that is, that reduce greenhouse gas emissions with investments in favor of clean energy, not only slows global warming but is advantageous right from the point of view of economic view: it creates more jobs, offers greater returns in the short term for each dollar spent and allows greater savings in the long term, compared to traditional tax incentives. To say this is a study by the University of Oxford carried out by a team of international experts, including Nobel laureate Joseph Stiglitz and climate economist Lord Nicholas Stern of the London Schoolof economics. It is the first study of this type in that I assessed the benefits of combating climate change along with the post-coronavirus economic recovery, and is published in the Oxford Review of Economic Policy.
The authors, led by Professor Cameron Hepburn of the University of Oxford's Smith School of Enterprise and the Environment, examined more than 700 stimulus packages implemented since the 2008 economic crisis and interviewed 231 experts from central banks, finance ministries, academic think tanks all over the world (including 28 participants in the survey on Italy). The result showed the benefits of investing in the production of renewable energy, such as wind or solar, for example. Already in the short term, the construction of infrastructures for clean energy requires a lot of manpower, creating twice the jobs in exchange for investments in fossil fuels, as well as being less susceptible to relocation. Each dollar of expenditure generates 7.49 full-time jobs in renewable energy infrastructure, 7.72 in energy efficiency, but only 2.65 in fossil fuels. (ANSA).
Coronavirus: with green policies more work and returns
2020-05-05T15:54:24.448Z
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