PARIS - Since the previous update in April 2021, OECD countries and key partner economies have increased public spending on green recovery measures to USD 677 billion (up from USD 336 billion). While this is welcome news, is it enough to have the transformational effects needed to address environmental crises while building back a more inclusive economy?

Not quite. This one-off increase amounts to only 21% of the total sums allocated to COVID-19 economic recovery. This means that 79% of this funding either does not consider environmental dimensions or, worse, reverses progress on some of them.

Are you interested in exploring other important issues like sustainable green recovery? This video is a part of a short series following discussions raised at COP26. Go in-depth with OECD experts on the topics of nuclear energy and carbon pricing as they relate to climate action. To watch these new videos and more, check out our YouTube playlist linked below.