Covid-19

Commentaries and publications

Brazil ended 2019 with virtually the same level of GDP that it had in 2012 and now the COVID-19 pandemic is likely to exert further downward pressure. Leveraging green finance may be the best way to tap more resources from domestic and foreign institutional investors now that sustainable investment is a growing necessity. In fact, the time is ripe for a green decade, argues Mario Mesquita in this post for the Sustainable Finance Leadership series. Read more

Just as unbridled climate change will do serious damage to the economy and its workers, so too will failure to improve human-capital management and safeguard workers’ wellbeing. That is why both climate action and social protections must be embedded in COVID-19 recovery strategies, argue Naïm Abou-Jaoudé and Nick Robins. Read more

Finance ministers have a unique opportunity to design and implement comprehensive stimulus packages that can drive a strong recovery and build a better future: so argues a new paper prepared at the request of the co-chairs of the Coalition of Finance Ministers for Climate Action and summarised in this commentary. Read more

Banks need to show how they are aligning their balance sheets with the UK’s net-zero greenhouse gas emissions target, how they are enabling households and companies to become climate-resilient, and how the transition can be steered so that it is fair and inclusive. This report presents research findings and recommendations for how to achieve these aims. Read more

The COVID-19 crisis demonstrates the need to invest much more in pre-disaster risk reduction and preparedness for a range of risks, including climate change and its accompanying hazards such as flooding. But what, asks Swenja Surminski, does this kind of investment need to consider in practice – and why is ‘resilience’ not already widely taken into account when making policy and investment decisions? Read more

Swenja Surminski discusses the impact of climate change on the UK housing sector. In this interview with Future Housing she outlines three major risk categories facing the sector: physical, transition and litigation and liability risk. She also discusses the importance of ensuring that post-COVID-19 recovery measures take account of climate targets. Read more

This paper (forthcoming in the Oxford Review of Economic Policy) assesses the economic and climate impact of taking a green route out of the COVID-19 crisis. The analysis is based on a 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. Read more

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