This database aims to collect as many examples as possible where city, state, and national leaders are making COVID-19 recovery plans in ways that could also produce benefits in racial, gender, and economic equity and in climate change mitigation and resilience.
Are you aware of relevant policies or initiatives that are not yet cataloged in this database? Please submit them using this form.
Will COVID-19 fiscal recovery packages accelerate or retard progress on climate change?
Working Paper from Oxford Smith School of Enterprise and the Environment
The authors of this paper surveyed more than 200 central bankers, finance ministers, and other experts about a range of possible financial stimulus investments. Based on the expert input they identified five types of investments with both high potential to support economic recovery and the ability to reduce climate change:
– clean physical infrastructure,
– building efficiency retrofits,
– investment in education and training,
– natural capital investment, and
– clean R&D.
The authors also asked the respondents, many of whom will be shaping COVID-19 response plans in their countries, about the attractiveness of various policies and investments. The paper reports that “many climate-positive policies were perceived by our respondents to have high overall desirability; most climate-negative policies had relatively low desirability. This was true even for climate-positive policies that took more time to implement.”