The world’s 50 largest economies have pledged to spend trillions of dollars on post-pandemic recovery initiatives, estimated to total $14.6 trillion.
In a quadrant of best and worst performing countries, several northern European economies are cited as doing well – Denmark, Finland, Germany and Norway.
The report suggests that in Europe, recovery spending has missed a number of potential green investment opportunities and that more could certainly be done.
The tension between visible short-term progress, like job creation, and longer-term projects like decarbonizing the economy, was cited as a reason for missed green opportunities.