GMO’s Jeremy Grantham Calls for Marshall Plan to Tackle Climate Change
- Green infrastructure spending pays ‘respectable return’
- Grantham is devoting his fortune to tackling climate change
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Jeremy Grantham, the money manager who’s devoting his fortune to fight climate change, called on the next U.S. administration to start a major public works program akin to the Marshall Plan to revive economic growth amid the pandemic and threats caused by global warming.
Infrastructure spending, particularly on green industries, pays
a “respectable return” on investment, the co-founder of Grantham Mayo Van Otterloo said Friday in a note to clients. A public works program would also help address growing inequality, he said.