Insight - A red alert on the US$7tril Green-Shaped Recovery


A lot rides on Joe Biden’s climate change plan. Victory for the Democratic candidate could take the global tally as high as US$7 trillion. (Flanked by Secret Service, Democratic U.S. presidential nominee Joe Biden speaks to reporters while campaigning on Labor Day in Lancaster, PA, U.S., September 7, 2020)

ALL things green tech are seeing the light of day as the global economy digs its way out of the pandemic slump. Valuations have been skyrocketing, with makers of electric cars and solar glass panels the stocks du jour. But there’s room for scepticism.

Dubbed the Green-Shaped Recovery, the trend is projected to draw trillions of dollars of funding for more environment-friendly projects and industry as well as climate mitigation jobs over coming decades.

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