Economics

Stimulus Approved and Near Completion as of Dec. 11

Approved green stimulus’ includes support to CO2-intensive sectors and companies with green conditions. Figure does not include the remaining 70% of the latest version of the EU package.Governments, media reports, BloombergNEF

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By Victoria Cuming

December 11, 2020 at 9:11 AM UTC

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National governments expanded by $66 billion their economic stimulus commitments allocated both to 'green' and carbon-intensive sectors last month in response to the Covid-19 pandemic. However, just $11 billion was tagged to clean sectors such as renewables, EVs or energy efficiency, or is being promised to CO2-intensive industries with requirements that they decarbonize. As a result, approved green stimulus totals some $190 billion compared with $932 billion targeted at CO2-intensive sectors.

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