ABSTRACT
Kristalina Georgieva, Managing Director of IMF, emphasized green recovery in her opening remarks at the Petersburg Climate Dialogue XI 2020.1 She highlighted three key priorities: use public support wisely; promote green finance; and put the right price on carbon emissions. However, she overlooked the importance of the relevance of the moral economy, moral capital and moral values. Earlier, experts from the Global Economy and Development Program at the Brookings Institution identified poverty and totalitarianism as issues that are critical to deal with in order to heal and secure our planet without bringing up the ethical and moral dilemmas faced by our societies (Desai et al. 2018). The absence of ethical and moral elements in the United Nations’ targets for both human development and in the sustainable development goals that underscore the maxim “No one should be left behind” are also problematic (UN 2015).
