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Study: Green recovery plans outstrip return-to-normal stimulus

On October 19, the We Mean Business Coalition published a report illustrating that green recovery plans boost income, employment and GDP better than traditional stimulus measures. It therefore recommends governments to reject return-to-normal stimulus packages, e.g. with a focus on VAT reductions and increasing household spending, in favour of targeted support for green technologies and...Read more »

Study Shows Broad Consensus on Green Recovery

The German Environment Agency (Umweltbundesamt) published a paper analyzing 130 studies on green recovery programs. It finds a broad consensus on the need to use COVID-19 recovery packages to address the climate and biodiversity crises. The authors of the paper also discover a consensus on the huge benefits of green recovery programs, the eligibility criteria...Read more »

Renovation Wave: European Commission aims to boost energy efficiency

On October 14, the European Commission (EC) published its new Renovation Wave Strategy to improve the energy performance of buildings. It aims to double renovation rates in the next 10 years while ensuring that renovations lead to higher energy and resource efficiency. According to the EC, 35 million buildings could be renovated and up to...Read more »

Infrastructure Stimulus: BCG developes recommendations

Experts from Boston Consulting Group (BCG), in cooperation with the World Economic Forum, have published a framework for designing effective infrastructure stimulus plans. In an article published on September 25, 2020, they present lessons and recommendations to help governments develop infrastructure packages that support economic recovery and provide relief from the COVID-19 crisis while also...Read more »

Mobilizing Private Finance for Nature

In September 2020, the World Bank published a new paper about private finance for nature. The detailed piece, which is available on the Green Finance Platform, argues that private finance can and must be harnessed to better protect and manage biodiversity and ecosystem services around the world. The authors underline that governments and regulators, supported...Read more »

IMF Recovery Index: Little support for green recovery measures

Researchers from the Global Development Policy Center at Boston University have developed a way to measure the International Monetary Fund’s (IMF) response to the COVID-19 pandemic. The IMF COVID-19 Recovery Index aims to quantify the extent to which the organization recommends (or conditions) borrowing countries to increase their efforts to combat the pandemic, protect vulnerable...Read more »

Green Recovery: Overview of implemented measures

The New Climate Institute has launched a new report about recently adopted climate policies and climate-relevant policy responses to COVID-19. The report is the latest in a series of publications analyzing global climate action. It includes three sections: An overview table of climate mitigation policies adopted or planned between July 2019 and August 2020, covering...Read more »

Canada Infrastructure Bank: CAD 10 billion for sustainable recovery spending

On October 1, 2020, Canadian Prime Minister Justin Trudeau announced a plan to position the Canada Infrastructure Bank (CIB) as an important vehicle for a sustainable recovery from the COVID-19 pandemic. The bank will allocate CAD 10 billion within three years to projects that create 60,000 jobs and contribute to a green, low-carbon economy. Priority...Read more »

Nature Conservation: McKinsey report quantifies global benefits

A new McKinsey report highlights the business case for stepping up global investments in natural capital. The authors illustrate the critical need for expanding nature conservation, analyzing global risks to natural capital, and the crucial value of nature for human activities. To reduce the loss of natural capital around the world, scientists and policy-makers demand...Read more »

New Climate Finance Instruments Launched to Accelerate Green Recovery

On September 28, the Global Innovation Lab for Climate Finance (the Lab) launched eight innovative finance solutions designed to channel private resources to climate action in developing economies. The instruments pay attention to supporting the most vulnerable populations during and after the pandemic while building long-term resilience.┬áThe finance instruments will support nature-based solutions as well...Read more »