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Clean Recovery: Spain offers EUR 181 million for renewable energy projects

On September 10, 2020, the Spanish authorities announced EUR 181 million in spending on renewable energy projects. The investments are meant to boost a clean economic recovery by creating employment and cutting carbon emissions. The financial support will benefit seven regions across the country; while a majority is earmarked for Andalucía, funding is also provided...Read more »

GBP 40m for Nature-Focused Initiatives in the U.K.

The British government has launched its GBP 40 million Green Recovery Challenge Fund, supporting up to 5,000 jobs in areas such as tree planting and nature conservation.  Environmental groups can now apply for grants worth GBP 50,000 to GBP 5 million. The fund is aimed at labour-intensive projects that deliver nature-based solutions to climate change...Read more »

Green Recovery: OECD publishes analysis

The Organisation for Economic Co-operation and Development (OECD) published a new policy brief about opportunities for a green, inclusive COVID-19 recovery. The document, called Making the Green Recovery Work for Jobs, Income and Growth, includes a review of announced recovery and stimulus policies in OECD and Key Partner countries. On the one hand, OECD governments...Read more »

How to Make a Green Recovery Inclusive for all Canadians

The Smart Prosperity Institute has published an article outlining opportunities for a green and inclusive COVID-19 recovery in Canada. The authors underline that some groups within society, especially women, younger workers, persons of colour, and persons with disabilities, have been hit disproportionately hard by the recession. The article, therefore, calls on the government to carefully...Read more »

Using Debt Swaps to Tackle Debt, Climate, and Nature Loss

The International Institute for Environment and Development (IIED) published a paper about the use of debt swaps to address the debt, climate, and biodiversity crises. Published in September 2020, the paper illustrates how governments could address this triple crisis in their COVID-19 recovery packages using debt for climate and nature program swaps. According to the...Read more »

EUR4.5 milllion for energy efficiency in Portugal

On September 2, 2020, the Portuguese government launched a new energy-efficiency program. The Programa de Apoio Edifícios mais Sustentáveis includes various incentives to promote the energy efficiency of buildings and their decarbonization and has a total volume of EUR 4.5 million (EUR 1.75 million in 2020 and EUR 2.75 million in 2021). Several types of...Read more »

Canada and British Columbia invest in clean energy

The governments of Canada and British Columbia unveiled details about their investments in green energy solutions across British Columbia. According to a press release from September 1, 2020, eleven projects will be funded to save energy and reduce pollution. The projects are jointly financed by the Government of Canada, local and Indigenous communities, and the...Read more »

Green Recovery: ADB outlines pathway to a low-carbon and resilient future

In August 2020, the Asian Development Bank (ADB) published a brochure informing countries about sustainable recovery opportunities. Apart from presenting the central reasons for a green recovery, the document, called A Pathway to a Low-Carbon and Resilient Future, also entails three items that could help decision-makers design such programs: It lists possible low-carbon and resilience-enhancing...Read more »

French Stimulus Package: About EUR 30 billion for green recovery measures

On September 3, 2020, the French government unveiled details about the country’s new EUR 100 billion economic stimulus package. It is meant to increase the competitiveness of the French economy, boost jobs, and green the economy. One third of the stimulus package, which amounts to 4% of the GDP, is allocated to green measures. According...Read more »

ADB Adjusts Bangladesh’s Financing Plan to Support Recovery

The Asian Development Bank (ADB) has restructured its financing plan for Bangladesh to help the country recover from the COVID-19 pandemic. The Country Operations Business Plan (COBP) for 2021 to 2023, which was published in August, includes USD 5.28 billion in loans. A major part of the funds (USD 2.39 billion) will be disbursed in...Read more »