Green recovery
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COVID-19 and the measures implemented to curb its spread have created a nearly unprecedent economic shock with unique characteristics. As coincidental demand and supply shocks have impacted the global economy governments got a blank cheque to help support people's livelihoods and to keep businesses afloat. Through multiple publications, often using modelling exercises, we have showed that there is a possibility for the recovery process to reach its socioeconomic aims while making progress towards sustainability as well. If we included modelling in the analysis we have mostly used the E3ME-FTT model.
This paper, commissioned by PAGE and UNEP, summarizes many aspects of our thinking at the time on the subject:
Papers / posts:
- Coronavirus: initial results from economic modelling
- Green recovery potential in South Africa also on ResearchGate
- Possible green recovery scenarios in Visegrad countries peer-reviewed
- Interactions between recovery and energy policy in South Africa peer-reviewed
- Green recovery measures enable the energy transition (model comparison) peer-reviewed
- Modelling the economic effects of COVID-19 and possible green recovery plans: a post-Keynesian approach (global scenarios) peer-reviewed
- Macroeconomic methodologies for modelling different recovery policy archetypes
- Employment impacts of COVID-19 crisis and recovery policies in Indonesia
- G20 communication, which included our analysis on shifting recovery spending towards developing countries
And then, if you would rather listen, here I speak about some of these results:
Results about potential green recovery in Visegrad countries are interactive with Infogram, you can see it here.
And now some figures, because figures are cool and helpful:
We also show, for example how different green policies align with economic recovery objectives:
and that green policies can boost employment in sectors where COVID has caused the largest job losses
*and analysed outcomes for individual countries: Hungary*
*as well as recovery policy archetype outcomes for individual countries: Indonesia*
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