New ADB report on accelerating resilience and low-carbon development in COVID-19 recovery efforts highlights that green investments have high economic multipliers. For instance, according to recent es

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Maria Dumpert
Maria Dumpert

New ADB report on accelerating resilience and low-carbon development in COVID-19 recovery efforts highlights that green investments have high economic multipliers. For instance, according to recent es

4 years ago

New ADB report on accelerating resilience and low-carbon development in COVID-19 recovery efforts highlights that green investments have high economic multipliers. For instance, according to recent estimates made by the Climate Council of Australia, every A$1 invested by the government in pilot-scale hydrogen facilities unlocks A$4 in social value; utility-scale renewable energy returns A$3 of every dollar invested; and electric vehicle infrastructure, improved organic waste collection and processing, and community-scale energy and storage returns A$2 for every dollar invested.