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The Green Fiscal Policy Network works to facilitate knowledge sharing and dialogue on fiscal policies for an inclusive green economy.

Green fiscal policies for a sustainable and resilient COVID-19 recovery

As governments embark on resourcing and legislating COVID-19 relief and recovery measures, green fiscal policy approaches can play a key role in helping countries build back better. In the short-term, carbon taxation and/or fossil fuel subsidy reform can help generate and re-allocate significant resources for COVID-19 relief and recovery measures, while green budgeting can be a valuable instrument for medium-to long-term rationalisation and alignment of budgetary processes with government objectives for a sustainable and resilient post COVID-19 socio-economy.

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IMF Special Series on Fiscal Policies to Respond to COVID-19 – Greening the Recovery

Fiscal policy across the globe is rightly focused on fighting the COVID-19-induced economic crisis. But the climate change crisis remains, as does the need for decisive policy action to address it. Indeed, decisions taken now to address the COVID-19 crisis may shape the climate, and human health, for decades.

While periodic international monitoring on fossil fuel subsidies is carried out by international organisations such as the OECD, IMF and IEA, reporting under the SDG12.c.1 indicator will be the first attempt to systemically monitor fossil fuel subsidies to both consumption and production based on national data from 193 UN member countries and to collect this using an internationally agreed methodology. This monitoring and reporting on fossil fuel subsidies will help to increase transparency on fossil fuel subsidies, providing comparable data to allow the tracking of national and global trends.

Green Stimulus Index – An assessment of the orientation of COVID-19 stimulus in relation to climate change, biodiversity and other environmental impacts

Over the past 2 months the world has witnessed unprecedented government financial interventions in response to Covid-19.The coronavirus shows us that our fate is inextricably linked to that of the natural world, and governments have the opportunity and responsibility to ensure short-term emergency measures lead to a better more resilient future. The Green Stimulus Index examines 11 major economies to assess the green vs. brown orientation of their stimulus funding.

This OECD brief proposes immediate steps that governments can take to ensure that emergency measures implemented to tackle the Coronavirus (COVID-19) crisis do not derail their efforts to address pressing environmental challenges and improve the environmental health and resilience of societies.

IMF Fiscal Monitor – April 2020

2020-06-02 No Comments

April’s IMF Fiscal Monitor elaborates on the importance of fiscal measures to respond the COVID-19 related crisis. Chapter 1 argues that fiscal policies are at

Pricing carbon during the economic recovery from the COVID-19 pandemic (LSE/Grantham Institute)

2020-05-25 No Comments

This brief argues that once the immediate rescue has been secured and countries move towards recovery from COVID-19, carefully implementing carbon pricing while reducing fossil

How Reforming Fossil Fuel Subsidies Can Go Wrong: A lesson from Ecuador

2020-05-29 No Comments

There’s no question that abandoning fossil fuel subsidies will benefit the economy and the planet, but as protests in Ecuador show, reforms require careful design

Closing the gap: financing the transition towards an inclusive blue economy (IIED webinar)

Marine and coastal resources that support the livelihoods of millions of women and men face growing pressures, including overfishing, habitat degradation, pollution and climate change.