“Companies Worth $2 Trillion Are Calling for a Green Recovery”

“A group of companies worth a combined $2.4 trillion have added their voice to a growing chorus calling for the economic recovery from the coronavirus to be green.

Adobe Inc., Unilever NV and more than 150 other companies have signed a statement asking officials to ensure their response to the pandemic is “grounded in bold climate action” and to prioritize moving to “a green economy by aligning policies and recovery plans with the latest climate science.”

Governments around the world are preparing rescue packages worth trillions of dollars, and the choices they make on how to spend this will have an impact on the environment for decades to come. Demands for a green recovery have already come from institutional investors, globalfinancial institutions, and officials in finance ministries and central banks. “

Akshat Rathi and Thomas Seal reports for Bloomberg Environment May 18, 2020.

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