In 2020, natural gas was trading at its lowest price in more than 30 years. This winter, many people will struggle to warm their homes. In response, some governments are considering ploughing taxpayer funds into fossil fuel extraction, reversing course on recent climate progress.
A new Oxford report reveals green government investments are demonstrably superior to dirty investment options; they can be faster, create more jobs and boost economic growth.
Brian O’Callaghan, lead author and head of the Oxford University Economic Recovery Project, asserts that green investment makes more economic sense and helps bolster energy security, he says, ‘We suggest, if governments are going to spend, green energy makes a far smarter investment than fossil fuel.’