BOULDER, Colo., July 1, 2020 /CNW/ — Rocky Mountain Institute (RMI) has produced six reports for its Green Stimulus and Recovery series to guide national responses to the economic downturn caused by COVID-19. The series presents guidance for stimulus and recovery investment that can help countries build back better and advance low-carbon economies to deliver a cleaner, healthier, more just, and more resilient future.
The six reports introduce core principles of green stimulus and recovery and present country- and region-specific recommendations for investments and policy actions specific to the United States, China, India, Sub-Saharan Africa, and the Caribbean.
“Stimulus and recovery investments will be vital to our collective rebuilding,” said RMI CEO Jules Kortenhorst. “If these investments are strategically targeted, they can help us simultaneously address this current crisis and the climate crisis.”
The six reports in the Green Stimulus and Recovery Series are:
Global Stimulus Principles: The Economy We Build Should Not Be the Same Economy We Decarbonize: presents four principles to guide global stimulus efforts.
US Stimulus Strategy: Recommendations for a Zero-Carbon Economic Recovery: recommends four programs to support short- and long-term recovery in the United States.
Achieving a Green Recovery for China: Putting Zero-Carbon Electrification at the Core: proposes four programs to realize economic growth and sustainable recovery in China; co-authored by the Energy Transition Commission.
Green Stimulus in the Caribbean: Resilient Distributed Energy Resources Can Support Job Creation and Economic Diversification: presents a framework for stimulus in the Caribbean and analyzes opportunities provided by distributed energy resources.
Towards a Clean Energy Economy: Post-COVID-19 Opportunities for India’s Energy and Mobility Sectors: articulates a framework to support India’s clean energy future; co-authored by NITI Aayog.
Green Recovery Stimulus in Africa: A Springboard for Increased Local Resilience and Economic Growth: presents opportunities for sub-Saharan countries to guide their recovery towards green, resilient pathways.
OTTAWA – The parliamentary budget officer says the federal government likely failed to keep its deficit below its promised $40 billion cap in the last fiscal year.
However the PBO also projects in its latest economic and fiscal outlook today that weak economic growth this year will begin to rebound in 2025.
The budget watchdog estimates in its report that the federal government posted a $46.8 billion deficit for the 2023-24 fiscal year.
Finance Minister Chrystia Freeland pledged a year ago to keep the deficit capped at $40 billion and in her spring budget said the deficit for 2023-24 stayed in line with that promise.
The final tally of the last year’s deficit will be confirmed when the government publishes its annual public accounts report this fall.
The PBO says economic growth will remain tepid this year but will rebound in 2025 as the Bank of Canada’s interest rate cuts stimulate spending and business investment.
This report by The Canadian Press was first published Oct. 17, 2024.
OTTAWA – Statistics Canada says the level of food insecurity increased in 2022 as inflation hit peak levels.
In a report using data from the Canadian community health survey, the agency says 15.6 per cent of households experienced some level of food insecurity in 2022 after being relatively stable from 2017 to 2021.
The reading was up from 9.6 per cent in 2017 and 11.6 per cent in 2018.
Statistics Canada says the prevalence of household food insecurity was slightly lower and stable during the pandemic years as it fell to 8.5 per cent in the fall of 2020 and 9.1 per cent in 2021.
In addition to an increase in the prevalence of food insecurity in 2022, the agency says there was an increase in the severity as more households reported moderate or severe food insecurity.
It also noted an increase in the number of Canadians living in moderately or severely food insecure households was also seen in the Canadian income survey data collected in the first half of 2023.
This report by The Canadian Press was first published Oct 16, 2024.
OTTAWA – Statistics Canada says manufacturing sales in August fell to their lowest level since January 2022 as sales in the primary metal and petroleum and coal product subsectors fell.
The agency says manufacturing sales fell 1.3 per cent to $69.4 billion in August, after rising 1.1 per cent in July.
The drop came as sales in the primary metal subsector dropped 6.4 per cent to $5.3 billion in August, on lower prices and lower volumes.
Sales in the petroleum and coal product subsector fell 3.7 per cent to $7.8 billion in August on lower prices.
Meanwhile, sales of aerospace products and parts rose 7.3 per cent to $2.7 billion in August and wood product sales increased 3.8 per cent to $3.1 billion.
Overall manufacturing sales in constant dollars fell 0.8 per cent in August.
This report by The Canadian Press was first published Oct. 16, 2024.
