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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.
Created a Post in Green Recovery from COVID-19
Diary diversity during COVID-19, interesting https://pubmed.ncbi.nlm.nih.gov/32517210/
OECD ministers meet today and tomorrow to align their domestic priorities for "a strong, resilient, green and inclusive recovery". Let's help them get 'r done!
New ADB report on accelerating resilience and low-carbon development in COVID-19 recovery efforts highlights that green investments have high economic multipliers. For instance, according to recent estimates made by the Climate Council of Australia, every A$1 invested by the government in pilot-scale hydrogen facilities unlocks A$4 in social value; utility-scale renewable energy returns A$3 of every dollar invested; and electric vehicle infrastructure, improved organic waste collection and processing, and community-scale energy and storage returns A$2 for every dollar invested.
IMF on COVID recovery -- "Investments in green energy and technological infrastructure should be prioritized to create jobs and improve teleworking opportunities."
To mark World Cities Day 2020, the Partnership for Healthy Cities is holding a online event today at 13-14h CET / 8-9h EDT on how cities are leading us through the pandemic toward a healthier world. There's still time to register.
An Video from Economist about covid-19 and economic recovery
As Latin America and the Caribbean responds to COVID-19, a critical question is how governments can best support a sustainable recovery. Putting a price on carbon can be part of the solution, but, in doing so, it will also be critical to pay special attention to low-income communities and to those workers with emissions-intensive jobs, as they will be the most affected by the low-carbon transition. For instance, coal workers and their communities may need financial support and retraining programs as economies decrease their reliance on fossil fuels.
Share one my article about food system under COVID-19 The situation in developed high-income countries also deserves our attention as it is related to green growth and sustainability
GGGI just launched a new Insight Brief on "Green Deals to Accelerate Climate Action Post-COVID-19. Great overview of the challenges and opportunities associated with a COVID-19 response.
Check out GGKP's COVID-19 knowledge library, and share your research, case studies, and tools for us to add to it