3 Jun: WEF: The Great Re-Set: (scroll down) The ‘greenest recovery ever’ - Ma Jun
The post-COVID recovery must be “greener than any of the previous recoveries” said Ma Jun of the China Green Finance Committee.
“The size of stimulus package is very big - bigger than historic numbers” he added, estimating that it amounts to around 20% of GDP in the United States and 8% in China.
Ma Jun had 6 recommendations for the Great Reset:
1. Make sure the percentage of green projects is higher than any other time in history.
2. Ensure projects that can’t be labelled as green are made to follow strict environmental standards.
3. Consumption stimulus needs to be green. Governments could make a list of green consumer goods and these should be given preference on list of consumer subsidies and coupons.
4. Employment generation programmes must be green. Migrant workers have lost jobs. Instead of paying them unemployment benefits we should ask them to plant trees and pay them for that.
5. Governments to consider green bonds as much as possible. This enhances market participation, encouraging the private sector to join too.
6. Any central banks considering using quantitative easing should use green bonds.
https://www.weforum.org/great-reset/live-updates/
3 Jun: World Economic Forum: The Great Re-Set: End fossil fuel subsidies and reset the economy for a better world - IMF head
by Ceri Parker, Commissioning Editor, Agenda, World Economic Forum
•World Economic Forum launches the ‘Great Reset’ initiative for a better world after the pandemic.
•The IMF backs the transition to a green economy and calls for an end to fossil fuel subsidies.
Now is the time to end fossil fuel subsidies and create a greener, fairer economy for the future, argued Kristalina Georgieva, Managing Director of the IMF, at a World Economic Forum virtual meeting...
“We now have to step up, use all the strength we have, which in the case of the IMF is $1 trillion,” to ensure that history looks back at “the great reset, not the great reversal,” Georgieva said...
https://www.weforum.org/agenda/2020/06/end-fossil-fuel-subsidies-economy-imf-georgieva-great-reset-climate/
3 Jun: WEF: Now is the time for a ‘great reset’
by Klaus Schwab, Founder and Executive Chairman, World Economic Forum
•The changes we have already seen in response to COVID-19 prove that a reset of our economic and social foundations is possible.
•This is our best chance to instigate stakeholder capitalism - and here’s how it can be achieved...
Every country, from the United States to China, must participate, and every industry, from oil and gas to tech, must be transformed. In short, we need a “Great Reset” of capitalism...
https://www.weforum.org/agenda/2020/06/now-is-the-time-for-a-great-reset/