Governments are throwing billions of taxpayer dollars on stimulus measures after COVID-19. But they must do it diligently, and transparently.
There has never been a better time for public money to go into improving the performance of Australian housing. We could have cut household bills and emissions, as well as saving construction jobs.
Just as it did 75 years ago, the UK government has a chance to build back better from a crisis.
Climate action is a vital protection against further global shocks, especially as governments plan their post-pandemic stimulus packages.
We'll need to spend at least an extra 15-20% of GDP per year. It'll be more palatable if it is funded by COVID bonds.
An economic downturn as severe as the great depression is possible, but what should emerge out of it?
Governments can staunch the current economic collapse without returning to the status quo.