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Least-Developed Countries’ Means to Financing a Sustainable Recovery Are Heavily Affected

On June 8, 2020, the World Trade Organization Secretariat published a report on trade-related developments in relation to the COVID-19 pandemic in least-developed countries (LDCs). The economies of LDCs have been hit extra hard during this pandemic, as many rely on export-sensitive sectors that came to a near standstill (tourism, textiles, etc.), as well as...Read more »

How Can Economic Recovery Measures Be Designed to Build Back Better?

On June 5, 2020, the Organisation for Economic Co-operation and Development published a brief on how economic recovery measures can be designed to build back better. Governments must put well-being and inclusiveness at the centre of their approach to a resilient recovery, while at the same time staying on track to achieve the goals of...Read more »

More Than USD 500 Billion Going to High-Carbon Industries

While many calls to action for green or sustainable recovery have been made, The Guardian reported on June 6, 2020, that at least USD 500 billion will be benefiting fossil fuel industries, without green strings attached.

USD 188 Million to Support Environmental Sustainability in Pakistan’s Green Economic Stimulus

On June 2, 2020, Pakistan Today reported on the World Bank’s USD 188 million in funding for the Government of Pakistan for disaster risk reduction and the restoration of the natural environment. This will strengthen Pakistan’s green economic stimulus recovery package.

On Air Pollution and Avoiding Other COVID-19 Waves

On May 29, 2020, The Guardian reported increasing evidence on the link between exposure to air pollution and COVID-19 infections and death rates. To make societies more resilient and avoid a second wave, tackling air pollution must play a central role in the recovery.

No Better Cure Than Prevention

On June 4, 2020, on the evening before World Environment Day, the International Union for Conversation of Nature (IUCN) explained in this blog why protecting our natural environment is a safer and cheaper option than waiting for the next crisis to hit. 

What Cardamom Small Producers Can Teach us About Green Recovery

The Inter-American Development Bank supports Guatemala under its REDD+ framework to scale its good practices on sustainable forest management and agriculture. The management of the cardamom value chain in Guatemala is an example of how to make agriculture more resilient in a post-COVID-19 recovery. It is also exemplary in its positive social impact, especially by...Read more »

Green New Deal for Economic Recovery in South Korea

South Korea’s ambition to implement a Green New Deal was already affirmed after the National Assembly elections mid-April. This Green Deal will be realized as a core strategy during the COVID-19 recovery as reported on May 29, 2020. It entails, among others, public investments into expanding renewable energy generation and greening the transport sector in...Read more »

Lessons Learned from Past Green Stimulus to Inform COVID19 Recovery Responses

On May 28, 2020, the Organisation for Economic Co-operation and Development launched a new working paper that provides insights into lessons learned on green stimulus from the 2008–2009 global financial crisis (GFC). It emphasizes that “proper policy design is critical to prevent rebound effects, limit market distortion and ensuring additionality of public funding by improved...Read more »

Investing in Climate Change Adaptation Can Generate More Than USD 7.1 Trillion in Net Benefits

The World Resources Institute reports that the rate of return of climate adaptation investments ranges from 2:1 to 10:1. The investments considered in the simulation include strengthening early warning systems, making new infrastructure climate resilient, improving dryland agriculture for crop production, protecting mangroves, and making water resources more resilient. These five investment areas alone can...Read more »