Yahoo Finance Prince Charles says the pandemic is an opportunity to reset the global economy
Prince Charles made an impassioned speech at the World Economic Forum's virtual meeting yesterday, where he stressed the importance of using the outcome of the pandemic to reset the global economy. The royal spoke about the need to prioritise sustainable development without damaging the environment.
"We have a unique but rapidly shrinking window of opportunity to learn lessons and reset ourselves on a more sustainable path," he said, according to The Guardian. "We have a golden opportunity to seize something good from this crisis. Its unprecedented shockwaves may well make people more receptive to big visions of change."
Charles' speech was part of the launch for The Great Reset, a project involving the World Economic Forum and the Prince of Wales’s Sustainable Markets Initiative, which hopes to rebuild the economic and social system to be more sustainable.
The royal then set out a five-point plan of how to seize this opportunity which involved capturing the imagination and will of humanity, rebalancing investments to accelerate the green economy and redesigning systems and pathways to enforce carbon pricing.
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