While Australia has spent US$2bn, France pledged $57bn, the UK $42bn and Japan $24bn, Oxford University study finds

Australia is the worst performer on a list of the world’s 50 largest economies for “green recovery” spending to kickstart economic growth after the Covid pandemic, according to research conducted for the United Nations environment program.

The research suggests Australia spent US$2bn on green initiatives during the coronavirus recovery, compared with US$57bn in France, US$54bn in South Korea, US$47bn in Germany, US$42bn in the United Kingdom, US$41bn in China and US$24bn in Japan. Germany spent $9bn on hydrogen alone.

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