Coronavirus money could solve climate crisis but hopes of change are "wishful thinking" says Rem Koolhaas - architecture and design

Coronavirus money could solve climate crisis but hopes of change are "wishful thinking" says Rem Koolhaas



The money governments have committed to supporting economies hit by coronavirus could instead solve climate change, according to architect Rem Koolhaas.
The sums involved are "clearly enough to settle that issue," he said.
However, the Dutch architect said he believes the world will quickly try to revert to how it was before the pandemic, predicting "enormous pressure" for a return to normality.
"I haven't seen a lot of action"
"Somehow politicians were able to act with a degree of coherence, but also mobilise enormous, unbelievable amounts of money," said the architect of the way governments around the world have responded to the pandemic.
"And if you look at our greatest urgency, which is probably global warming, and you know that basically the amount of money that they have now mobilised is clearly enough to settle that issue," added Koolhaas, who heads Dutch architect OMA.
"And I'm wondering what we can contribute in terms of claiming part of that money for that kind of purpose," he said. "And I haven't seen a lot of action either in our profession or in the political domain."
In May, the International Montetary Fund estimated that governments had committed $9 trillion in fiscal measures to fight Covid-19 and its impact on economies.
Last year, the United Nations calculated that keeping global temperature rises below the 1.5° C would cost between $1.6 trillion and 3.8 trillion per year.
"Enormou...
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