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The Economic Response to the Coronavirus Crisis should tackle Global Climate Change too

On Thursday 4 June 2020, the Real Circularity Coalition led calls for the economic response to the coronavirus to be in line with global sustainability goals. The letter published in the Independent read:

The coronavirus crisis has prompted the biggest state intervention in the market in history. Around the world governments have earmarked more than $8tn (£6.4bn) in a bid to keep the global economy moving. The spread of the pandemic has shown the strength of investing in companies putting people and planet first. Green stocks have outperformed others by almost 8 per cent since the start of the crisis.

As world leaders look to the economic recovery, short-term carbon-intensive solutions are not the answer. Instead creating an economy where resources are only used if they are 100 per cent recyclable or reusable represents our best route to a better future.

Indeed, the European Commission estimates investing in a circular economy could create some 700,000 jobs by 2030 in Europe alone, invigorating sectors that will deliver long-term prosperity without trashing our natural world. A real circular economy could once and for all realise the vision of a world free from the connected problems of runaway climate change and the global-waste crisis.

Now more than ever before the future belongs to companies that work with nature, not against it. The economic response to the crisis must be executed in line with our global sustainability goals and put green stimulus measures front and centre.