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Unpacking the COVID-19 rescue and recovery spending: an assessment of
An assessment of COVID-19 rescue and recovery spending by 26 key emitters finds that only 22% of stimulus was allocated to low-carbon measures, while 35% supported the status quo and 4% supported high-carbon measures. The report concludes that these actions are inadequate relative to climate commitments and recommends better preparedness and project pipelines for future crises.
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Document type: Research paper
Leveraging Fiscal Stimulus to Improve Energy Transition: Case of South Korea and Indonesia
This report analyzes the role of COVID-19 fiscal stimulus packages in South Korea and Indonesia, evaluating how these recovery efforts align with each country's energy transition goals. While South Korea has integrated climate challenges into its recovery via the Green New Deal, Indonesia's National Economic Recovery program focuses primarily on short-term social and economic survival with minimal allocation to the energy transition.
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Document type: Report
Improving the Impact of Fiscal Stimulus in Asia: An Analysis of Green Recovery Investments and Opportunities
This report by the Climate Policy Initiative and Vivid Economics analyzes the 'greenness' of COVID-19 recovery stimulus packages in five Asian countries—India, Indonesia, the Philippines, Singapore, and South Korea—using the Greenness of Stimulus Index (GSI). The study finds that most of these nations are not sufficiently incorporating climate considerations into their fiscal responses, with 'dirty' stimulus often outweighing green measures.
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Document type: Report
Exploring the Impact of the COVID-19 Pandemic on Global Emission Projections
This report by the NewClimate Institute examines how the COVID-19 pandemic and subsequent recovery efforts influence global greenhouse gas emission projections through 2030. It evaluates various 'what-if' scenarios based on IMF, IEA, and Global Carbon Project data, and introduces a classification framework ('green', 'grey', and 'colourless') to analyze the environmental impact of government stimulus packages, applying this framework to a case study of Germany.
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Document type: Report
Global Dialogue on Responding to the COVID-19 Pandemic and Economic Crisis: Building Back Better Aligned to the SDGs and the Paris Agreement
This executive summary outlines a global dialogue on ensuring that the economic recovery from the COVID-19 pandemic is aligned with the Sustainable Development Goals (SDGs) and the Paris Agreement. It argues that the pandemic serves as a warning for the climate and biodiversity crises and advocates for a 'green and resilient recovery' that prioritizes people, nature-based solutions, and the phase-out of high-carbon industries.
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Document type: Executive summary