- Any stimulus programme the German government introduces amid the coronavirus crisis should “contribute to building a climate-neutral economy,” wrote environment minister Svenja Schulze in a message on Twitter.
- According to an interview with German magazine ‘Der Spiegel”, she said that an economy based fully on renewable energy has to remain the focus and that they will “have to design economic stimulus packages in the aftermath of the coronavirus crisis in such a way that they help us to master future challenges facing our economy”.
- Additionally, key German industry players have said they will stick to their climate commitments (for example, HeidelbergCement told ‘Der Spiegel’ “It would be wrong to do away with our CO₂ targets now. “The climate crisis does not go away with the coronavirus epidemic.”).
Analysis and Comments
- This could be an emerging post-COVID-19 theme; last week EU leaders called on the European Commission to start preparing “a comprehensive recovery plan” that promotes “sustainable growth” through measures which integrate “inter alia the green transition and the digital transformation, and [draw] all lessons from the crisis.”
- This was the first reassurance for investors who have been looking at climate projects/areas which benefit from the principles and measures set out in the Green Deal and the above is another positive signal, in our view, as is the below story (Ursula von der Leyen arguing that the next EU budget must be a “strategic investment in our future”).
- In summary, calls for a green stimulus package are clearly gaining momentum. See also the recent letter from the UK Parliament’s Environmental Audit Committee (EAC).
You don't want to miss a Crypto news?
Come try out the new STEEM blockchain game: HolyBread
Hi,@ vlemon!
We definitely have to see the other side of the coin of what is happening, I am sure that pollution has greatly decreased worldwide. In fact, I am living in my country's capital and for the first time I can hear the birds singing in the morning and not feel the smog that is usually everywhere.
I wonder if it is coincidental that they are interested in the green trend and digital transformation. Maybe the climate crisis won't go away with the coronavirus but it sure has slowed down a lot.
We may have trouble breathing, but it is certain that our planet is breathing a little better at the moment.
Thanks for sharing :D
Hello @jadams2k18,
I definitely agree with you and have seen the same thing happening to my big city.
The issue is with economic downturn, especially this one, oil becomes very cheap and might destroy renewable projects that would have been making money at 40$ per oil barrel but is now not so profitable at $20 per barrel.
It is still very nice to hear these little birds but the medium/long term effects might be bad for this new economy. Nevertheless, it will help people realize how quite and beautiful our cities can be and maybe push them to ask for a change. In the end, people decide what happens in this world through elections :).
Best,
@vlemon
Dear @vlemon
Finally I found some time to read few publications and yours got my attention the moment I've seen this title.
I'm surely tired of hearing about C-19, and yet I'm reading about it every day lol
I wonder if efforts to build "climate-neutral economy" within such a short period of time and without proper planning will not backfire. That idea sounds more like a political campaign than anything else. Hopefully I'm wrong.
It's quite obvious to me, that many powers out there do not like the fact that USD is global currency. And as long as oil trade is done in USD - this will not change. So moving away to different sources of energy is way of targetting current US dominance.
upvote on the way,
Yours, Piotr
Dear @crypto.piotr,
Thank you for leaving a comment and indeed, at least in Europe, these "green deals and plans" are political as ecology or the fact to say that this is a topic of interest for you is the highest approve political view in Europe.
Therefore, European politicians see this sector as a way to make stimulus packages that would be well accepted by the economy. And as every company is working hard nowadays to be greener (whether they believe in climate change or not is not the question), they all try to benefit from these stimulus packages or tax exemptions sooner or later.
Interesting point of view on USD, it is true that it is currently linked to the Global Economy and Oil. I believe the current money printing in the US could weaken the USD strenght worlwide.
Let's see :)
Thank you for the upvote.
@vlemon
Thanks for being so responsibe @vlemon :)
Yours, Piotr
I'm glad. If governments have to spread money like hell (helicopter-money), at least they should do it in useful industries and goals.