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Emerging Economies Should Build Back Greener

Author:
Luis Alberto Moreno and Henry M. Paulson, Jr.

The COVID-19 pandemic has forced us to stop and think about our impact on the planet, and to imagine the kind of world we want. There is still time for governments to plan for a green recovery, which would also help many of them address existing structural problems.

WASHINGTON, DC – While lockdowns have slowed the spread of the coronavirus in many countries, their economic impact has been devastating. At the same time, with fewer commuters, factories at a standstill, and limited construction, the havoc that humans wreak on the environment has become apparent.

Around the world, people are experiencing a revitalization of their natural surroundings, even as they deal with the tragic human toll of the COVID-19 pandemic. Many city dwellers are seeing blue skies, hearing birdsong, and breathing clean air for the first time in years.

This “return of nature” proves that even in lower-income countries, decisive policies and collective action can transform lives in a matter of weeks. Governments should take note of this as they craft policies for a post-pandemic recovery. Near-term measures will understandably be aimed at alleviating the immediate economic pain. But long-term success requires addressing the structural problems that fueled public frustration long before the pandemic.

The article's full-text is available here.

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