Fossil-fuel reboot?
Big-name mainstream economists like Nick Stern and Joseph Stiglitz have championed a “green recovery” from the current economic slump as good for “the economy” as well as “the environment”. Many politicians have said similar. Yet the vast majority of the huge rescue packages to prop up industries and companies are being poured into the fossil fuel economy, without environmental conditions attached. The Guardian (6 June) estimates that $509bn (£395bn), more than half a trillion dollars, worldwide, will go into high-carbon industries with “no conditions to ensure they reduce their carbon output”...