The OECD Green Recovery Database also shows that the USD 336 billion allocated to environmentally positive recovery measures is close to evenly matched by non-green measures (those with negative or “mixed” environmental impacts), for those measures that have a monetary value.
But this proportion does not imply that the green measures therein are sufficient to enable transformation towards long-term climate and environmental objectives.
Especially given that the billions allocated to green investment may be counteracted by ongoing support to environmentally harmful activities.
What’s more, the remaining two thirds of recovery spending that has not yet been categorised as environmentally impactful cannot be considered environmentally benign.
The database focuses on measures related to COVID-19 economic recovery efforts with clear positive, negative or “mixed” environmental impacts across one or several environmental categories.
It contains around 680 national-level measures with environmental relevance, spread over 43 countries and the European Union, and covers a range of environmental impacts beyond just energy and climate, and includes pollution (air, plastics), water, biodiversity, and waste management.