About this Discussion

With alarming speed, COVID-19 has infected tens of millions of people worldwide and killed more than one million. It has impacted economies and changed people's lives, particularly the poor and vulnerable who are already disproportionately impacted by climate change and other environmental, social, and economic risks.

The virus has also become central to national policy and has halted business operations in ways that were unimaginable. The economic impacts of these efforts are likely to be felt for years to come.

In addition to responses from government leaders, who are calling for support to cope with the twin crises of public health and rebuilding economies in sustainable and resource-efficient ways, industry and finance stakeholders also have important roles. This includes generating innovative solutions for diversifying production portfolios, building business capacities for sustaining growth, and aligning institutional investors’ fiduciary duties and stewardship practices with long-term decision-making and sustainable value creation.

Green Recovery from COVID-19

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United Nations Environment Programme(UNEP)

The age of ‘business as usual’ is over. Organisations from across the economic landscape need their efforts towards environmental sustainability coupled with wholesale economic and societal change. The COVID-19 pandemic has already had a profound impact on corporate governance, and the global… Read More

Benjamin Simmons commented on Benjamin Simmons's Post in Green Recovery from COVID-19

Interesting interview with Dorothea Schmidt-Klau of the ILO on the impact of COVID-19 on jobs and new opportunities in the green economy.

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https://news.un.org/en/audio/2021/01/1083252
Maria Dumpert commented on Maria Dumpert's Post in Cities and Urban Development, Green Recovery from COVID-19

At the Climate Adaptation Summit 2021, a new 1000 Cities Act Now initiative was launched. - "As cities recover from COVID-19, smart investments and policies on resilience can create a triple dividend helping cities boost their economies, improving equity, and preparing communities for inevitable climate and health threats. According to the Global Commission on Adaptation’s Adapt Now report, adaptation investments consistently deliver high returns, with benefit-cost ratios ranging from 2:1 to 10:1. And when compared to traditional investments, adaptation investments often create more jobs, many of which are at the local level."

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https://wrirosscities.org/news/release-joint-statement-accelerating-climate-adaptation-%E2%80%981000...

New report out from WEF and McKinsey on natural climate solutions and their integration into countries' green economic recovery plans as well as corporate strategies. It confirms estimates that NCS can provide one-third of the climate mitigation to reach a 1.5- or 2-degree pathway by 2030—and at a lower cost than other forms of carbon dioxide removal.

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https://www.weforum.org/reports/consultation-nature-and-net-zero

Morocco has launched a new $100 million Green Growth program to support SMEs in greening their production processes. This features as part of their 2021-2023 industrial recovery plan.

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https://www.moroccoworldnews.com/2021/01/333483/morocco-launches-program-to-boost-industrial-green-t...
The World Bank

Join our The World Bank's #OneSouthAsia live conversation to hear how three women entrepreneurs are navigating the pandemic and tapping regional opportunities to create jobs, contribute to economic growth, and reduce gender gaps. South Asia has the world’s lowest rate … Read More

Former central banks heads and finance ministers call for debt relief for a green and inclusive recovery

The statement calls on the G20 to enact a Debt Relief for a Green and Inclusive Recovery Initiative that requires bilateral, multilateral,and private sector debt relief on a grand scale, analogous to the Highly Indebted Poor Countries Initiative. It also supports creating a substantial new allocation of the International Monetary Fund’s Special Drawing Rights, accompanied by a significant increase in multilateral and regional development bank financing. The statement encourages the Italian G20 presidency to initiate an emergency summit to this end.

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https://drgr.org/2021/01/15/statement-on-debt-relief-for-a-green-and-inclusive-recovery/
World Economic Forum(WEF), Devex

In the wake of COVID-19, we must capitalize on the opportunity to reset the economic system and build one that incentivizes sustainable and inclusive economic growth with strong private sector participation. By leveraging the power of the 4IR, renewable energy, innovative financing and resilience… Read More