Campaign For Nature
March 22, 2021
The International Monetary Fund (IMF) released a new report that--for the first time--provides conclusive evidence that investments in renewable energy and biodiversity conservation do more to boost a country’s GDP than investments in fossil fuels and activities that destroy ecosystems. The findings laid out in the IMF Working Paper, Building Back Better: How Big Are Green Spending Multipliers?, are based on a new international dataset that is the first to gather and compare the impacts on GDP of spending on green and non-eco-friendly energy and land use.