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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Stephani Widorini commented on Youngchae Ko's Opportunity in Green Recovery from COVID-19, Climate Change
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Global Green Growth Institute(GGGI)

    The Global Green Growth Institute(GGGI) will be hosting a Global Green Growth Week 2021 (GGGWeek2021) on 25-27 October. GGGWeek2021 will feature the special theme of “Green Recovery, Green Jobs, and NetZero2050”. Call for presentations With building back better for a green… Read More

Michael Fegerl commented on Eunji Hyun's Post in Agriculture, Climate Change, Green Recovery from COVID-19

"Many rural counties in the United States face the dual challenges of lagging economic growth and increasingly severe effects of climate change.

These challenges have been intensified by economic losses from the COVID-19 pandemic, which has exacerbated existing inequalities and highlighted urgent infrastructure needs. At the same time, catastrophic wildfires, record heatwaves, drought and other severe weather events linked to climate change threaten rural communities and livelihoods."

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https://www.wri.org/insights/climate-action-federal-investment-rural-america-us

Peru – one of the 20 PAGE partner countries – stands at a crossroads.

Three-quarters of its workers are informal or self-employed. The country’s diverse natural resources – which serve as the backbone of its economy and labour market – are also under threat.

So what is it doing to change the script? How is it addressing labour challenges and ensuring decent employment for all while also promoting green jobs as part of a just transition?

Find out in the latest episode of #TheGreenRenaissance podcast, as we sit down for an open discussion with Katia Samanamud (Ministry of Labour for Peru) and Ana Belén Sánchez López (International Labour Organization).

Give it a listen: https://bit.ly/3iNsiw3

Captions in English and Spanish: https://bit.ly/3i2OJ0Z

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https://www.uncclearn.org/podcasts/the-green-renaissance-podcast/
https://www.youtube.com/watch?v=T66prAfm59E

For many economies, COVID-19 pandemic is critical, and millions of tourism businesses and workers are eager for holidaymakers to return, especially given how badly the sector has already been hit.

International tourist arrivals last year fell to levels not seen since 1990. UNCTAD estimates the crisis has cost the world about $4 trillion and placed over 100 million direct tourism jobs at risk.

As the impact is so big as the numerous suppliers and businesses are linked to the core sector, the kick-start of recovery in tourism is urgent.

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https://unctad.org/news/we-urgently-need-kickstart-tourisms-recovery-covid-19-crisis-offers-opportun...

More than $750 billion a year in additional global investment in nature will be needed to achieve the Sustainable Development Goals (SDGs) by 2030, according to the latest research by the Green Growth Knowledge Partnership (GGKP) and the Basque Centre for Climate Change (BC3).

Leading experts took part in a GGKP webinar on 6 July to outline solutions for pluging this investment gap, and how policymakers and businesses can value risks and identify financing opportunities for enhancing natural capital and building sustainable economic growth.

Read the summary and catch up on the recording in the link below.

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https://www.greengrowthknowledge.org/news/looking-policy-solutions-plug-natural-capital-investment-g...
https://www.youtube.com/watch?v=mluOyYvgoU0

"On average, firm-level investments in resource efficiency can yield 15 tons of C02 equivalent emissions reductions and $14,700 in savings per year".

Check out the latest Green Industry Platform Insights blog by ITC's Executive Director Pamela Coke-Hamilton on MSMEs going green to compete.

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https://thegreenforum.org/blog/going-green-compete-how-empower-small-businesses-green-transition

The acceleration of Europe’s green energy transition is the challenge of the decade. Now it’s time to turn the Green Deal into reality and the European Commission is on it.

With the unveiling of the ‘Fit for 55’ legislative package, the European ‘green’ 20’s have officially started, with the climate package setting out the blueprint for the EU to become the world’s first mover on achieving net zero emissions.

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https://www.euractiv.com/section/energy-environment/opinion/fit-for-55-eu-on-track-for-climate-goals...

Instead of achieving a green recovery, trillions of dollars in pandemic stimulus packages are actually harming nature and climate, with over a quarter of the funds going to carbon-intensive sectors including fossil fuels and heavy industry, new research by Vivid Economics and Finance for Biodiversity Initiative finds.

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https://www.f4b-initiative.net/post/majority-of-17-2-trillion-covid-stimulus-packages-doing-more-har...

Few countries in the ASEAN region have tied green components to their stimulus packages, which contain some environmentally harmful measures. Green recovery policies and strategies can help put a country on the path to economic recovery while bringing environmental and sustainability benefits.

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https://greenfiscalpolicy.org/how-aseans-covid-19-recovery-measures-are-missing-opportunities-for-a-...

More homeowners in Kosovo will be able to invest in domestic energy efficiency improvements as a consequence of a new €5 million credit line the European Bank for Reconstruction and Development (EBRD) is extending to Raiffeisen Bank Kosovo. The financing is part of a larger €135 million Green Economy Financing Facility (GEFF) programme for the Western Balkans, which supports energy-efficient solutions to build a greener and sustainable economy. To date, more than 8,000 households in the Western Balkans have improved their energy efficiency through the GEFF programme, with investments in projects that contributed to a reduction of nearly than 12,000 tonnes of CO2 emissions per year, equivalent to removing 7,270 cars from the street.

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https://www.ebrd.com/news/2021/ebrd-eu-and-austria-support-residential-energy-efficiency-in-kosovo.h...