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
If given the chance, Indonesia’s COVID-19 stimulus can build a green, resilient economy (CPI)
Tiza Mafira, Associate Director at CPI, argues that Indonesia has a unique opportunity to learn from past mistakes and build a recovery that improves the
How Covid-19 could help eliminate fossil fuel subsidies (Prospect)
As oil-exporting countries struggle to respond to the crisis, there is a way to make critical fiscal resources available. To read the full article, refer
Fossil Fuel Subsidies and Taxation: Two Sides of the same Carbon Coin (BNE)
Generous government subsidies around the world are, even now, enabling the extraction and burning of fossil fuels that would otherwise remain in the ground. A
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
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
Energy efficiency and economic stimulus (IEA)
The health of citizens is the first priority for governments responding to the COVID‑19 pandemic, but the need to limit the economic impacts of the
