About: Will COVID-19 fiscal recovery packages accelerate or retard progress on climate change?

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Attributes	Values
type	Academic Article research paper schema:ScholarlyArticle
isDefinedBy	Covid-on-the-Web dataset
has title	Will COVID-19 fiscal recovery packages accelerate or retard progress on climate change?
Creator	Hepburn, Cameron O'callaghan, Brian Stern, Nicholas Stiglitz, Joseph Zenghelis, Dimitri
Source	PMC
abstract	The COVID-19 crisis is likely to have dramatic consequences for progress on climate change. Imminent fiscal recovery packages could entrench or partly displace the current fossil-fuel-intensive economic system. Here, we survey 231 central bank officials, finance ministry officials, and other economic experts from G20 countries on the relative performance of 25 major fiscal recovery archetypes across four dimensions: speed of implementation, economic multiplier, climate impact potential, and overall desirability. We identify five policies with high potential on both economic multiplier and climate impact metrics: clean physical infrastructure, building efficiency retrofits, investment in education and training, natural capital investment, and clean R&D. In lower- and middle-income countries (LMICs) rural support spending is of particular value while clean R&D is less important. These recommendations are contextualised through analysis of the short-run impacts of COVID-19 on greenhouse gas curtailment and plausible medium-run shifts in the habits and behaviours of humans and institutions.
has issue date	2020-05-08(xsd:dateTime)
bibo:doi	10.1093/oxrep/graa015
has license	no-cc
sha1sum (hex)	abe88e4015b077979e05c779a9a497c3830dbaad
schema:url	https://doi.org/10.1093/oxrep/graa015
resource representing a document's title	Will COVID-19 fiscal recovery packages accelerate or retard progress on climate change?
has PubMed Central identifier	PMC7239121
resource representing a document's body	covid:abe88e4015b077979e05c779a9a497c3830dbaad#body_text
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