Covid-19
COVID-19 has plunged the global economy into crisis. Green fiscal policies (GFP) can play a key role in shaping the recovery. As governments are devising green fiscal stimulus policies, they must look to maximize short-term growth and employment effects, but they have also a lever in hand to steer economies to a green and fair transition. The collapse of the oil price has created a window of opportunity for carbon taxes and fossil fuel subsidy reform to mobilise revenue and drive low-carbon development. Green budgeting can rationalise inefficient expenditures and align spending with sustainability. In developing countries with limited fiscal space, GFP can be part of a sustainable solution.
News
Greening Fiscal Stimulus and Finance Packages to Achieve the SDGs (UNEP)
“A recovery from the coronavirus crisis must not take us just back to where we were last summer. It is an opportunity to build more
Fiscal Policies for the Recovery from COVID-19 (IMF blog)
Fiscal policies have provided large emergency lifelines to people and firms during the COVID-19 pandemic. They are also invaluable to increase a country’s readiness to
COVID-19 is a chance to end harmful fishing subsidies. Here’s why we must take it (World Economic Forum)
The COVID-19 recovery is a chance to foster a truly sustainable ocean economy. To that end, the world must work together to end harmful subisidies
Reports
Will COVID-19 fiscal recovery packages accelerate or retard progress on climate change? (SSEE)
The COVID-19 crisis is likely to have dramatic consequences for progress on climate change. Imminent fiscal recovery packages could entrench or partly displace the current
Building Resilience: WWF Recommendations For A Just & Sustainable Recovery After Covid-19 – Using The European Green Deal To Drive Europe’s Recovery And Transition Into A Fair, Resource-efficient And Resilient Society (WWF)
The Covid-19 pandemic and its immediate health, social and economic impacts require an urgent response. Beyond this, however, public stimulus packages to relaunch the economy
Policy Briefs
Pricing carbon during the economic recovery from the COVID-19 pandemic (LSE/Grantham Institute)
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
Green Stimulus – Pembina Institute principles and recommendations for a 2020 economic stimulus package
The Pembina Institute sees the Covid-19 crisis as a moment of paramount importance for ensuring the health of Canadians and the future resilience of the
Proposed Sustainability Checklist for Assessing Economic Recovery Interventions April 2020 (World Bank)
The checklist essentially raises questions that governments should consider to assess projects and zero in on the most promising. Many governments already have sophisticated decision
