The war in Ukraine boosts the need for a “green Marshall Plan”, writes Hugodixon
The West needs more allies to turn Vladimir Putin into a global pariah, and to show China what will happen if it too throws its weight around. One of the best ways to do this is to drive forward its embryonic plan to help developing countries grow in a green way. This is a massive programme that will ultimately cost trillions of dollars.against the invasion at last week’s emergency United Nations General Assembly. Putin was backed by a rogue’s gallery: North Korea, Syria, Belarus and Eritrea.
The West shouldn't want a Cold War with China. Ideally, it will cooperate with Beijing on areas of common interest, especially climate change. Also, if it does fall out with China, the consequences could be even worse than a new Cold War with Russia. Its economy is 10 times Russia’s size and growing.
The G7’s idea is to help developing and emerging economies make fast and fair transitions to net zero. South Africa has alreadysuch a deal, and several more countries such as Indonesia and Vietnam are interested in following suit. Now is the time to get on the front foot. After all, this initiative speaks to the pressing needs of developing countries. Namely, to drag themselves out of poverty, and to avoid climate change, their real existential threat.
Mind you, while the West should be trying to turn more countries against Putin, it shouldn’t force countries to break links with China. It will be enough to stop them falling into Beijing’s orbit. After all, China is a threat but not an enemy.
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