
Carmine de Franco of Ossiam
In the middle of difficulty lies opportunity, said Albert Einstein. And it seems that world leaders around the world are willing to seize a once-in-a-century pandemic as the springboard to act for a dual objective: reviving the economy with huge spending plans and, at the same time, initiating the unavoidable effort, in terms of investments, that the world needs to tackle global warming.
But is it enough to achieve both objectives? US President Joe Biden's proposed infrastructure spending plan, budgeted for $2.3trn over ten years, represents 8.8% of US GDP. That is more than, but in...
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