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Home > Databases > Library > Greening Fiscal Stimulus and Finance Packages to Achieve the SDGs

Greening Fiscal Stimulus and Finance Packages to Achieve the SDGs

April 2020
Source: 
United Nations Environment Programme (UNEP)
Stimulus package_UNEP.png

UNEP is committed to supporting countries in recovering from Covid-19 by placing green stimulus packages, fiscal policy and a just transition at the core of it offering. This includes:

  • Supporting sustainable infrastructure
  • Ensuring cities and infrastructure are planned with strategic density and are designed and built sustainably
  • Working with the financial sector to develop norms and targets for investing in sustainable infrastructure and other economic recovery measures.
  • Supporting countries in reallocating scarce public finance resources and reforming fiscal policy to find additional revenues for resourcing necessary COVID-19 relief and recovery stimulus.
  • Providing advice on green fiscal policy instruments like carbon taxation and fossil fuel subsidy reform that can be especially effective in the current low oil price environment.
  • Supporting green budgeting can also be a valuable tool to increase the efficiency and effectiveness of budgetary processes and align them with environmental sustainability objectives.

 

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Sectors: 
Finance
Themes: 
Fiscal Instruments, COVID-19
Key search terms: 
climate friendly government subsidies, public transport, emissions, environmental impacts, United Nations, carbon tax, targets, biodiversity loss, leaves, climate risks, partnerships, corporate reporting, energy efficiency, Sustainable Development Goals, best practice

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