Massive programs of green public investment would be the most cost-effective way both to revive virus-hit economies and strike a decisive blow against climate change, top U.S. and British economists said in a study published on Tuesday.
With co-authors including Nobel laureate Joseph Stiglitz from Columbia University and prominent British climate expert Lord Nicholas Stern, the findings are likely to fuel calls for "green recoveries" gathering momentum around the world.
"The COVID-19 crisis could mark a turning point in progress on climate change," the authors wrote, adding that much would depend on policy choices made in the next six months.