Finance
Germany Shows the World How to Green the Stimulus
Ambitious recovery plans give Germany a headstart. Will others join the race?
Protesters march near an inflatable globe during the Global Climate Strike demonstration in Berlin, Germany, on Friday, Sept. 20, 2019.
Photographer: Krisztian Bocsi/BloombergThis article is for subscribers only.
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During the 2008-09 financial crisis, about 15% of the stimulus money injected into the global economy went to green initiatives. Earlier this month, Germany committed 130 billion euros ($145 billion) to pandemic recovery, with about 30% to be spent on activities that will cut emissions. What changed?