G20’s US$14-trillion economic stimulus reneges on emissions pledges

[Jonas Nahm]

Friends and Colleagues, 

I’m excited to announce that a new study on green recovery during the covid-19 pandemic I conducted with Scot Miller and Johannes Urpelainen is now out in Nature.

Based on an extensive analysis of G20 fiscal stimulus packages between February 2020 and December 2021, we find that only 6 percent of fiscal stimulus was dedicated to projects likely to lead to emissions reductions. Far from ‘building back better’, the vast majority of funds was spent on building back the status quo. Despite rhetoric suggesting otherwise, governments have not intuitively acted on the insight that green stimulus can combine economic growth and climate objectives.  

The link to the full article is here: https://www.nature.com/articles/d41586-022-00540-6

More coverage of the work is here: https://www.theguardian.com/environment/2022/mar/02/only-6-of-g20-pandemic-recovery-spending-green-analysis-finds

All the best, 

Jonas

__________________________________________________________

Jonas Nahm
Assistant Professor of Energy, Resources, and Environment

Fellow | Initiative for Sustainable Energy Policy 

Johns Hopkins University
School of Advanced International Studies

Washington, DC

Office: 202-663-5667 
Cell: 617-901-9948

Twitter: @jonasnahm

Website: www.jonasnahm.com