New research commissioned by the C40 Global Mayors COVID-19 Recovery Task Force illustrates the benefits of green and just recovery for employment, emissions, and health across the world’s 100 leading cities.
The new technical report, published in October 2020, compares how urban greenhouse gas emissions, health, and jobs could develop under a green recovery compared to a business-as-usual scenario or a high-carbon recovery scenario. It finds that green recovery packages could:
- Create 50 million good, sustainable jobs by 2025 (over a third more than would be created by investing in a high-carbon recovery)
- Prevent 270,000 premature deaths in the next 10 years by tackling air pollution
- Save USD 1.4 billion in health costs
- More than halve greenhouse gas emissions by 2030.
The report also illustrates that the timing of green recovery measures is important and advocates for early investments that accelerate climate action. The C40 Recovery Task Force criticizes that only 3% to 5% of the estimated USD 12 trillion to 15 trillion in international stimulus spending is currently committed to green initiatives and urges governments to end their subsidies for fossil fuels.