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$110 Trillion Renewables Stimulus Package Could Create 50 Million Jobs

SolarAs the world continues to grapple with the worst global pandemic in living memory, economists everywhere are warning that we are witnessing the unraveling of something far grimmer than the 2008 financial crisis: the Great Depression 2.0.

 

The signs are legion: Unprecedented levels of job and capital destruction, decimated consumer spending, underperformance by nearly all major financial markets, and a breakdown in the world fiscal order.

 

Even giant economic powerhouses have not been spared, with California–one of the wealthiest states in the United States thanks to its booming tech sector–having obliterated all its job growth over the last decade in just two months.

 

But now a renewable energy think-tank says directing those stimulus dollars to renewable energy investments could not only help tackle global climate emergency but spur massive economic gains post-Covid-19 for decades to come.

 

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