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
Banking on protected areas to promote a green recovery
New study finds that conservation and tourism can go hand in hand, offering recommendations how to make it so
Scottish Government draws up plan for green recovery from Covid-19
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’s time to rethink personal carbon allowances, research suggests
It might be tricky and some might not like it, but a PCA could lower emissions.
Reports
New study: Critical to rethink risk, resilience, and debt relief
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 countries. The study indicates that
A green reboot for cities: Strategies for post-COVID growth
The report analyzes the economic and climate benefits of a green post-COVID recovery, focusing on decarbonizing existing and future energy infrastructure, building climate-smart cities and helping speed the transition of
From pandemic to Paris: the inclusion of COVID-19 response in national climate commitments
Both climate change and COVID-19 are global public health crises threatening lives and livelihoods, increasing poverty, exacerbating inequalities, and damaging economic growth prospects. However, with the pandemic temporarily overshadowing the
Policy Briefs
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 best preparation for tomorrow is
UNEP Policy Brief on Building Back Better – Role of Green Fiscal Policies
The COVID-19 pandemic has exposed the many fragilities of our economies, and deepened existing inequalities, while highlighting the need for resilience, innovation, and cooperation in our societies. The immediate priority
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 protocols in place, so this
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