What policies for greening the crisis response and economic recovery?
Lessons learned from past green stimulus measures and implications for the COVID-19
This paper evaluates green stimulus packages that were introduced in response to the
global financial crisis (GFC) of 2007-08 and draws lessons relevant for greening the
recovery from the Coronavirus (COVID-19) crisis. The paper underscores the importance
of building in policy evaluation mechanisms into green stimulus measures. It also
provides evidence that the implementation of sufficiently large, timely and properly
designed green stimulus measures can generate economic growth, create jobs and bring
about environmental benefits. However, there are also trade-offs between competing
economic, environmental and social policy objectives, which underscores the importance
of proper policy design.
Available from May 28, 2020
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