Slouching or speeding toward net zero? Evidence from COVID-19 energy-related stimulus policies in the G20.

ABSTRACT: This paper analyzes the size and nature of green fiscal stimulus in the G20 countries in response to the COVID-19 crisis, with a focus on the energy-related policies. We exploit a new dataset, the Energy Policy Tracker (EPT), with detailed information on countries' policies since the start of the pandemic. Between January 2020 and December 2021, G20 countries enacted 913 stimulus measures that have direct impacts on energy supply and demand. The average country spent $395 USD per person on energy-related policies. Only 30% of this amount, on average, is devoted to low-carbon measures, mostly in the transit and buildings sectors, with considerable variation across countries. To properly compare countries' efforts in aligning their COVID-19 stimulus with climate goals, we construct a new ind

SUBMITTER: Andrew K 

PROVIDER: S-EPMC9378268 | biostudies-literature | 2022 Nov

REPOSITORIES: biostudies-literature