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

TERI proposes a fiscally responsible Green Stimulus to revive growth and jobs
The Energy and Resources Institute (TERI) released a discussion paper on ‘A Fiscally Responsible Green Stimulus‘ to revive Indian economy by creating demand and jobs

Going green after COVID-19 will help MENA economies recover better (World Bank Blogs)
The coronavirus crisis is a window of opportunity to transform the economy and especially, to make it “green.” Previous economic crises such as the financial crisis

Green economy & COVID-19 recovery (UNEP)
Every year the High-level Political Forum on Sustainable Development meets to advance the UN System’s agenda on sustainable development. This year, the United Nations Environment
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