Did COVID-19 accelerate the green transition?: An international assessment of fiscal spending measures to support low-carbon technologies
Fiscal spending policies adopted in the wake of the COVID-19 pandemic have been presented as a unique opportunity to "build back better" and re-ignite the economy while accelerating the transition to a low-carbon economy. This paper analyses 1 166 funding measures announced by 51 countries...
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| Main Author: | |
|---|---|
| Other Authors: | , , , , |
| Format: | Electronic eBook |
| Language: | English |
| Published: |
Paris
OECD Publishing
2023
|
| Series: | OECD Science, Technology and Industry Policy Papers
no.151 |
| Subjects: | |
| Online Access: | DE-862 DE-863 |
| Summary: | Fiscal spending policies adopted in the wake of the COVID-19 pandemic have been presented as a unique opportunity to "build back better" and re-ignite the economy while accelerating the transition to a low-carbon economy. This paper analyses 1 166 funding measures announced by 51 countries and the European Union in 2020-21 to support development and diffusion of low-carbon technologies. These measures - amounting to USD 1.29 trillion - can make an important contribution to filling the climate investment gap, particularly in emerging technologies such as carbon capture, usage and storage and green hydrogen. A modelling analysis suggests that they could have large impacts on greenhouse gas emissions and bring about significant co-benefits in terms of clean sectors' output growth and reductions in fossil fuel imports. |
| Physical Description: | 1 Online-Ressource (62 Seiten) 21 x 28cm. |
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| spelling | Aulie, Frida VerfasserIn aut Did COVID-19 accelerate the green transition? An international assessment of fiscal spending measures to support low-carbon technologies Frida, Aulie ... [et al] Paris OECD Publishing 2023 1 Online-Ressource (62 Seiten) 21 x 28cm. Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier OECD Science, Technology and Industry Policy Papers no.151 Fiscal spending policies adopted in the wake of the COVID-19 pandemic have been presented as a unique opportunity to "build back better" and re-ignite the economy while accelerating the transition to a low-carbon economy. This paper analyses 1 166 funding measures announced by 51 countries and the European Union in 2020-21 to support development and diffusion of low-carbon technologies. These measures - amounting to USD 1.29 trillion - can make an important contribution to filling the climate investment gap, particularly in emerging technologies such as carbon capture, usage and storage and green hydrogen. A modelling analysis suggests that they could have large impacts on greenhouse gas emissions and bring about significant co-benefits in terms of clean sectors' output growth and reductions in fossil fuel imports. Environment Finance and Investment Science and Technology Dechezleprêtre, Antoine MitwirkendeR ctb Galindo-Rueda, Fernando MitwirkendeR ctb Kögel, Clara MitwirkendeR ctb Pitavy, Inès MitwirkendeR ctb Vitkova, Alzbeta MitwirkendeR ctb |
| spellingShingle | Aulie, Frida Did COVID-19 accelerate the green transition? An international assessment of fiscal spending measures to support low-carbon technologies Environment Finance and Investment Science and Technology |
| title | Did COVID-19 accelerate the green transition? An international assessment of fiscal spending measures to support low-carbon technologies |
| title_auth | Did COVID-19 accelerate the green transition? An international assessment of fiscal spending measures to support low-carbon technologies |
| title_exact_search | Did COVID-19 accelerate the green transition? An international assessment of fiscal spending measures to support low-carbon technologies |
| title_full | Did COVID-19 accelerate the green transition? An international assessment of fiscal spending measures to support low-carbon technologies Frida, Aulie ... [et al] |
| title_fullStr | Did COVID-19 accelerate the green transition? An international assessment of fiscal spending measures to support low-carbon technologies Frida, Aulie ... [et al] |
| title_full_unstemmed | Did COVID-19 accelerate the green transition? An international assessment of fiscal spending measures to support low-carbon technologies Frida, Aulie ... [et al] |
| title_short | Did COVID-19 accelerate the green transition? |
| title_sort | did covid 19 accelerate the green transition an international assessment of fiscal spending measures to support low carbon technologies |
| title_sub | An international assessment of fiscal spending measures to support low-carbon technologies |
| topic | Environment Finance and Investment Science and Technology |
| topic_facet | Environment Finance and Investment Science and Technology |
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