Given the existential threat posed by climate change, leading climate experts argue that we should be spending 1-2% of GDP—that’s $20-40 billion per year—to aggressively decarbonize. Budget 2021 falls short.
Federal Budget 2021 was expected to deliver between $70-100B in COVID-19 recovery funds. Does it deliver and will funds be allocated in meaningful ways? Our experts weigh in.
Chump change won’t cut it here. The federal government should be spending upwards of $40 billion per year to accelerate our transition to a net zero carbon economy.
Ensuring a just transition towards a green recovery and a net-zero economy will require more ambitious federal action than is currently on the table.
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