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.
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
This article examines the possibilities to end fossil-fuel subsidies as global oil prices have decreased substantially. To read the full article, refer to the Electrek
Many developing countries have long maintained fuel subsidies because they are politically impossible to abandon, owing to the sticker shock that the public encounters at