The Scottish Government has put forward a draft policy programme for aligning its economic recovery plans for Covid-19 with its long-term climate, nature and social targets, developed under an agreement with the Scottish Green Party Parliamentary Group.
It might be tricky and some might not like it, but a PCA could lower emissions.
Moving government support for environmentally damaging industries into green sectors like recycling and sustainable forest management could boost employment, report finds.
Raising taxes during an economic downturn might seem counterintuitive but it could be the key to Covid-19 recovery. The secret lies in which taxes to raise: when it comes to impacts on the economy, jobs, and the environment, not all taxes are created equal.
Only 15 per cent of China’s newly added post-Covid-19 national and municipal bonds went to green, sustainable, or low-carbon projects, says Greenpeace. China approved a fiscal stimulus package of 6.35 trillion yuan (US$984 billion) in May last year to help the country’s economic recovery after the pandemic.
The Asian Development Bank’s recent estimates show an economic contraction across Asia (minus-4.0 percent last year in Southeast Asia), and the United Nations Sustainable Development Goals (SDGs) Report 2020, which estimates around 71 million people were pushed back into extreme poverty, shows the scale of the challenge facing the re-tracking of the SDGs across the world.
Emissions will rise again this year and next year, after a fall last year, and 2023 is now on track to see the highest levels of carbon dioxide output in human history, equalling or surpassing the record set in 2018, according to forecasts released by the International Energy Agency.
Few countries in the region have tied green components to their stimulus packages, which contain some environmentally harmful measures. Green recovery policies and strategies can help put a country on the path to economic recovery while bringing environmental and sustainability benefits.
The Africa Islands Climate Commission which is chaired by Seychelles strongly supports the newly launched African Union Green Recovery Action Plan, said President Wavel Ramkalawan.
The African Union Commission launched a new five-year continental Green Recovery Action Plan 2021-2027. The launch was officiated by H.E Felix Tshisekedi, Chairperson of the
… for more Green Fiscal Policy news!
Economy Division, Resources and Markets Branch, 11-13, Chemin des Anémones, 1219 Châtelaine, Geneva, Switzerland
700 19th Street, N.W., Washington, D.C. 20431, USA
Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ), Friedrich-Ebert-Allee 36 + 40, 53113 Bonn, Germany