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.
Southeast Asia’s economy is set to lose trillions over the next 50 years if it does not significantly reduce its carbon emissions, a Deloitte report found.
New study finds that conservation and tourism can go hand in hand, offering recommendations how to make it so
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.
The COVID-19 pandemic is forcing us all to re-think the status quo, opening the door for sustained investments in nature and Nature-based Solutions (NbS) to
As the world recovers from the COVID-19 pandemic, the challenge now is to ensure a consistent, fair economic recovery. The World Economic Forum brought together
A new study titled “Climate change, Debt and COVID-19”, analyzes a vicious cycle: climate change and COVID-19 are producing massive costs, exacerbating debt in the poorest
This policy brief: (i) highlights the impacts of the coronavirus (COVID-19) pandemic across SIDS; (ii) provides an overview of the support delivered by development co-operation providers to face the crisis; and (iii) provides suggestions to ensure that international support can lead to a fast and sustainable recovery in SIDS: a ‘blue’ recovery.
Strict lockdowns across the globe in response to the COVID-19 crisis have led to severe economic consequences. Compared to 2019, the global GDP in 2020
COVID-19 and the climate crisis: Combining green budgeting and tax policy tools for better recovery (OECD)
By Elsa Pilichowski, Director of Public Governance, and Pascal Saint-Amans, Director of the Centre for Tax Policy and Administration It has been said that the