Wednesday
September 23
2020

Analysis: 4 Ways Our COVID-19 Recovery Can Tackle Climate Change and Global Inequality

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The COVID-19 crisis has shown how deep inequalities make society as a whole more vulnerable —providing important lessons for building resilience in an era of climate change. The people most exposed to the coronavirus pandemic and the resulting economic crisis are largely those who are also most vulnerable to climate change impacts: lower-income and disadvantaged people, including women, minorities and marginalized ethnic groups, the elderly, informal workers and those in essential but undervalued jobs on the front lines.

With millions infected, more than half the global workforce at immediate risk of losing their livelihoods and the number of people facing acute hunger potentially doubling to 265 million, the COVID crisis is worsening inequality, with dire consequences for our societies and economies. Often, the crisis is most acute for the poor in developing countries where livelihoods are precarious.

Photo courtesy of Tai’s Captures

Source: World Economic Forum (link opens in a new window)

Categories
Coronavirus, Environment, Investing
Tags
climate change, coronavirus, emerging markets, impact investing, income inequality, social impact