What Policies Address Both the Coronavirus Crisis and the Climate Crisis?
The coronavirus pandemic has led many countries to initiate unprecedented economic recovery packages. Policymakers tackling the coronavirus crisis have also been encouraged to prioritize policies which help mitigate a second, looming crisis: climate change. We identify and analyze policies that combat both the coronavirus crisis and the climate crisis. We analyze both the long-run climate impacts from coronavirus-related economic recovery policies, and the impacts of long-run climate policies on economic recovery and public health post-recession.
We base our analysis on data on emissions, employment and corona-related layoffs across sectors, and on previous research. We show that, among climate policies, labor-intensive green infrastructure projects, planting trees, and in particular pricing carbon coupled with reduced labor taxation boost economic recovery. Among coronavirus policies, aiding services sectors (leisure services such as restaurants and culture, or professional services such as technology), education and the healthcare sector appear most promising, being labor intensive yet low-emission—if such sectoral aid is conditioned on being directed towards employment and on low-carbon supply chains. Large-scale green infrastructure projects and green R&D investment, while good for the climate, are unlikely to generate enough employment to effectively alleviate the coronavirus crisis.
Research news | 2021-04-15
What a “safe and just” future for people and planet means
Leading social and natural scientists present an approach to define a “safe and just corridor" while addressing the limits of our planet
Research news | 2021-04-14
Exploring a sense of belonging and care
Vanessa Masterson reflects on why learning more about people’s attachment to places can bring about important change
Research news | 2021-04-12
Watch the Nobel Prize Summit science sessions
As part of the Nobel Prize Summit Our Planet, Our Future, two digital academic science sessions will be held 27-28 April. Watch them here
Research news | 2021-04-12
Six targets for a sustainable textile industry
Combining circular economy and planetary boundaries can pave the way for a sustainable transformation of the fashion industry
Research news | 2021-04-11
Uncovering the “who” and the “what” in sustainability
Centre researcher Andrea Downing on what it takes to achieve fair and just futures
Research news | 2021-04-01
Ensuring a thriving ocean economy for everyone
Webinar on the rapidly developing scientific and policy attention associated to the ocean. Watch it here