More Jobs, GDP & Lower Emissions With Green Recovery Plans: Study

Saur Energy | Oct 21, 2020 at 6:20 AM
  • If all major nations, including India, the US, UK, etc.
  • The green recovery plan includes a (smaller) reduction in VAT and public investment in energy efficiency, subsidies for wind and solar power, public investment in upgrading electricity grids, car scrappage schemes in which subsidies are only provided to electric vehicles and tree planting programmes.
  • The key findings include that the green recovery plan in the EU would result in two million more jobs by 2024 whilst a green US recovery would deliver nearly one million more jobs than a return-to-normal plan.