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From: Julius Wong	11/3/2020 7:39:10 AM
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COVID-19, CLIMATE CHANGE, AND THE NEED FOR A NEW MARSHALL PLAN* By Jeremy Grantham Executive Summary In the face of the climate crisis, the world urgently needs new infrastructure for energy, transportation, and industry. The combination of depressed economic growth, rising inequality, negative real interest rates, and now the economic impact of Covid-19 makes this the most suitable time in decades for the incoming U.S. administration to launch a major fiscal program addressing this need. Such a program would help the climate, help the economy, and even be to the long-term geopolitical advantage of the U.S. gmo.com

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