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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 Sustainable Finance, Green Recovery from COVID-19
*Upcoming Green Recovery Workshop*
The Green Fiscal Policy Network (GFPN) is a joint partnership between UNEP, GIZ, and the IMF launched in 2011 with the aim of facilitating knowledge sharing and dialogue on green fiscal policies.
Next Tuesday and Wednesday, GFPN will host a two-day workshop titled "ROLE OF FISCAL POLICIES IN A GREEN COVID-19 RECOVERY: Experience, Best Practice and Next Steps in the Asia-Pacific Region." Six live sessions will explore the potential role of fiscal policies to ensure a Green Recovery.
Attendees will hear from policy experts around the world, including representatives from the Bank of Asia, S&P Global, UNFCCC, UNESCAP, UNEP, IMF, GIZ, UNEPFI, OECD, and the governments of Indonesia, Vietnam, South Korea, Fiji, and the Philippines.
Learn More + Register Below!
Created a Post in Green Recovery from COVID-19
An interesting Booklet of Best Practices from the New Deal for Nature and People Coalition (ND4NP), led by African Network of Young Leaders for Peace and Sustainable Development. Lots of ground-level insight!
Photo by Tucker Tangeman on Unsplash
The Democratic-controlled U.S. House of Representatives voted on Tuesday to advance key parts of President Joe Biden's agenda, after moderates and progressives reached a compromise allowing them to move forward on the multitrillion-dollar plans.
The U.S. Senate Majority Leader Charles Schumer (D-N.Y.) projected that the bipartisan infrastructure bill and Democrats' reconciliation spending package would reduce U.S. carbon emissions by 45 percent by the end of the decade compared to 2005.
“In our analysis of the combined impact of both the Infrastructure Investment and Jobs Act and the Budget Resolution’s instructions, we are on track to reduce U.S. emissions to approximately 45 percent beneath 2005 levels by 2030,” Schumer wrote in a "Dear Colleague" letter.
“When you add Administrative actions being planned by the Biden Administration and many states - like New York, California, and Hawaii - we will hit our 50 percent target by 2030,” he continued.
Created a Post in Agriculture, Green Recovery from COVID-19, Cities and Urban Development
“People can feed their own families, even if they don't have money to buy food in the market. In their own back yards or on land in their local communities, they can get the nutritious greens they need for their families.”
Food has become a serious need to the Philippines as COVID-19 hit the country. Their government and communities have started a “community gardening" project to recover from the situation.
One of the founding mothers of the Homeless People’s Federation of the Philippines, Ofelia Bagotlo, describes how community gardens on vacant city plots are providing vital nutrition for the urban poor.
Created a Post in Climate Change, Sustainable Finance, Green Recovery from COVID-19
Vacancy at GGKP:
Green Finance Platform Community Engagement Consultant to advance outreach & knowledge sharing on green & sustainable finance.
Expected Duration: 1 October 2021 – 31 March 2022.
Closing Date: 14 September 2021.
Created a Post in Green Recovery from COVID-19, Natural Capital
COVID-19 has forced the global economic system to a near-standstill. We have a once-in-a-generation opportunity to reorient our economy towards a greener, fairer future by investing in natural capital. But so far, governments have dedicated less than 3% of COVID recovery spending to natural capital investments.
Created a Post in Green Recovery from COVID-19, Industry and Entrepreneurship
The Global Green Growth Institute (GGGI) in partnership with the Organisation of Eastern Caribbean States (OECS) are searching for Greenpreneurs to participate in business incubation and accelerator programmes.
The Eastern Caribbean Greenpreneursip Incubator Programme will offer a 12-week virtual training programme for existing, innovative, early-stage MSMEs. Entrepreneurs in the programme will be matched with mentors and will have the opportunity to enter a business plan competition for $10,000 in seed funding or interest-free loans up to $500,000.
Photo by Omar Eagle-Clarke on Unsplash
OECD has developed a Green Recovery Database that evaluates the environmental impacts of COVID-19 economic recovery efforts.
The database features around 680 national-level measures, spread over 43 countries and the European Union. It covers environmental impacts beyond energy and climate, including pollution (air, plastics), water, biodiversity, and waste management.
A new report from the University of Oxford and the Green Fiscal Policy Network finds that very little stimulus spending is flowing towards green recovery initiatives. The report highlights five green policy areas that could optimize a sustainable economic recovery: green energy, green transport, green building upgrades and energy efficiency, natural capital, and green research and development.
Photo by Anna Jiménez Calaf on Unsplash