Did COVID-19 accelerate the green transition? An international assessment of fiscal spending measures to support low-carbon technologies
Fiscal spending policies adopted in the wake of the COVID-19 pandemic have been presented as a unique opportunity to "build back better" and re-ignite the economy while accelerating the transition to a low-carbon economy. This paper analyses 1 166 funding measures announced by 51 countries...
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| Other Authors: | , , |
| Format: | eBook |
| Language: | English |
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Paris
OECD Publishing
2023
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| Series: | OECD Science, Technology and Industry Policy Papers
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| Subjects: | |
| Online Access: | |
| Collection: | OECD Books and Papers - Collection details see MPG.ReNa |
| Summary: | Fiscal spending policies adopted in the wake of the COVID-19 pandemic have been presented as a unique opportunity to "build back better" and re-ignite the economy while accelerating the transition to a low-carbon economy. This paper analyses 1 166 funding measures announced by 51 countries and the European Union in 2020-21 to support development and diffusion of low-carbon technologies. These measures - amounting to USD 1.29 trillion - can make an important contribution to filling the climate investment gap, particularly in emerging technologies such as carbon capture, usage and storage and green hydrogen. A modelling analysis suggests that they could have large impacts on greenhouse gas emissions and bring about significant co-benefits in terms of clean sectors' output growth and reductions in fossil fuel imports |
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| Physical Description: | 62 p. 21 x 28cm |