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COVID-19 Recovery, Climate Impacts, and Co-Benefits: Stimulus policies that can multi-solve

by Emily Jack-Scott, Aspen Global Change Institute

June 2020 Quarterly Research Review

The COVID-19 pandemic spurred a global cessation of travel, manufacturing, and countless economic activities. Because our economies are still coupled with the burning of fossil fuels, this markedly reduced greenhouse gas (GHG) emissions. In April, daily emissions fell by as much as 17 percent, and total 2020 emissions may be 7-11 percent lower than 2019. But as many countries’ economic activities have resumed, emissions have quickly begun resurging. And yet, opportunities exist through climate-friendly recovery packages to not only stimulate economies, but also reduce emissions while promoting social and environmental co-benefits. While economic rescue packages were targeted at triaging markets and personal financial impacts on immediate time scales, subsequent recovery packages will hold the key to whether the global response to this pandemic will curb or accelerate climate change in the long-term.

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Published Date: 
June 30, 2020
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