COVID-19 recovery funds dwarf clean energy investment needs
A modest fraction of current global stimulus funds can put the world on track to achieve Paris Agreement goals Governments around the globe are responding to the coronavirus disease 2019 (COVID-19)–related economic crisis with unprecedented economic recovery packages ( 1 ), which at the time of writ...
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| Veröffentlicht in: | Science (American Association for the Advancement of Science) 2020-10, Vol.370 (6514), p.298-300 |
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| creator | Andrijevic, Marina Schleussner, Carl-Friedrich Gidden, Matthew J McCollum, David L Rogelj, Joeri |
| description | A modest fraction of current global stimulus funds can put the world on track to achieve Paris Agreement goals
Governments around the globe are responding to the coronavirus disease 2019 (COVID-19)–related economic crisis with unprecedented economic recovery packages (
1
), which at the time of writing surpassed USD 12 trillion. Several influential voices, including the United Nations (UN) secretary-general, heads of state, companies, investors, and central banks, have called for post–COVID-19 economic recovery efforts to be used to catalyze the necessary longer-term transformation toward a more sustainable and resilient society. Here we shine a light on the opportunity for these investments to support a green recovery by inventorying and classifying the latest information on governments' fiscal stimulus plans (
1
) and comparing the size of these measures to estimates of low-carbon energy investment needs compatible with the 2015 UN Paris Agreement. We show that low-carbon investments to put the world on an ambitious track toward net zero carbon dioxide emissions by mid-century are dwarfed by currently announced COVID-19 stimulus funds. But marked differences across countries and regions at differing stages of development emphasize the role that international support and global partnership must play to create conditions that enable a global climate-positive recovery. |
| doi_str_mv | 10.1126/science.abc9697 |
| format | Article |
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Governments around the globe are responding to the coronavirus disease 2019 (COVID-19)–related economic crisis with unprecedented economic recovery packages (
1
), which at the time of writing surpassed USD 12 trillion. Several influential voices, including the United Nations (UN) secretary-general, heads of state, companies, investors, and central banks, have called for post–COVID-19 economic recovery efforts to be used to catalyze the necessary longer-term transformation toward a more sustainable and resilient society. Here we shine a light on the opportunity for these investments to support a green recovery by inventorying and classifying the latest information on governments' fiscal stimulus plans (
1
) and comparing the size of these measures to estimates of low-carbon energy investment needs compatible with the 2015 UN Paris Agreement. We show that low-carbon investments to put the world on an ambitious track toward net zero carbon dioxide emissions by mid-century are dwarfed by currently announced COVID-19 stimulus funds. But marked differences across countries and regions at differing stages of development emphasize the role that international support and global partnership must play to create conditions that enable a global climate-positive recovery.</description><identifier>ISSN: 0036-8075</identifier><identifier>EISSN: 1095-9203</identifier><identifier>DOI: 10.1126/science.abc9697</identifier><identifier>PMID: 33060353</identifier><language>eng</language><publisher>United States: The American Association for the Advancement of Science</publisher><subject>Carbon ; Carbon dioxide ; Carbon dioxide emissions ; Clean energy ; Climate Change - economics ; Coronavirus Infections - epidemiology ; Coronaviruses ; COVID-19 ; Developmental Stages ; Economic conditions ; Economic crisis ; Economic Development - trends ; Economic recovery ; Economics ; Emissions ; Energy recovery ; Federal Government ; Funds ; Humans ; Investment ; Investments ; Investments - trends ; Pandemics ; Pneumonia, Viral - epidemiology ; Viral diseases</subject><ispartof>Science (American Association for the Advancement of Science), 2020-10, Vol.370 (6514), p.298-300</ispartof><rights>Copyright © 2020, American Association for the Advancement of Science</rights><lds50>peer_reviewed</lds50><oa>free_for_read</oa><woscitedreferencessubscribed>false</woscitedreferencessubscribed><citedby>FETCH-LOGICAL-c394t-cf965032a40d9903e69eb1f7b5de4ef640f24c6606cc525f0b85cacbcea457163</citedby><cites>FETCH-LOGICAL-c394t-cf965032a40d9903e69eb1f7b5de4ef640f24c6606cc525f0b85cacbcea457163</cites></display><links><openurl>$$Topenurl_article</openurl><openurlfulltext>$$Topenurlfull_article</openurlfulltext><thumbnail>$$Tsyndetics_thumb_exl</thumbnail><link.rule.ids>314,776,780,2871,2872,27901,27902</link.rule.ids><backlink>$$Uhttps://www.ncbi.nlm.nih.gov/pubmed/33060353$$D View this record in MEDLINE/PubMed$$Hfree_for_read</backlink></links><search><creatorcontrib>Andrijevic, Marina</creatorcontrib><creatorcontrib>Schleussner, Carl-Friedrich</creatorcontrib><creatorcontrib>Gidden, Matthew J</creatorcontrib><creatorcontrib>McCollum, David L</creatorcontrib><creatorcontrib>Rogelj, Joeri</creatorcontrib><title>COVID-19 recovery funds dwarf clean energy investment needs</title><title>Science (American Association for the Advancement of Science)</title><addtitle>Science</addtitle><description>A modest fraction of current global stimulus funds can put the world on track to achieve Paris Agreement goals
Governments around the globe are responding to the coronavirus disease 2019 (COVID-19)–related economic crisis with unprecedented economic recovery packages (
1
), which at the time of writing surpassed USD 12 trillion. Several influential voices, including the United Nations (UN) secretary-general, heads of state, companies, investors, and central banks, have called for post–COVID-19 economic recovery efforts to be used to catalyze the necessary longer-term transformation toward a more sustainable and resilient society. Here we shine a light on the opportunity for these investments to support a green recovery by inventorying and classifying the latest information on governments' fiscal stimulus plans (
1
) and comparing the size of these measures to estimates of low-carbon energy investment needs compatible with the 2015 UN Paris Agreement. We show that low-carbon investments to put the world on an ambitious track toward net zero carbon dioxide emissions by mid-century are dwarfed by currently announced COVID-19 stimulus funds. But marked differences across countries and regions at differing stages of development emphasize the role that international support and global partnership must play to create conditions that enable a global climate-positive recovery.</description><subject>Carbon</subject><subject>Carbon dioxide</subject><subject>Carbon dioxide emissions</subject><subject>Clean energy</subject><subject>Climate Change - economics</subject><subject>Coronavirus Infections - epidemiology</subject><subject>Coronaviruses</subject><subject>COVID-19</subject><subject>Developmental Stages</subject><subject>Economic conditions</subject><subject>Economic crisis</subject><subject>Economic Development - trends</subject><subject>Economic recovery</subject><subject>Economics</subject><subject>Emissions</subject><subject>Energy recovery</subject><subject>Federal Government</subject><subject>Funds</subject><subject>Humans</subject><subject>Investment</subject><subject>Investments</subject><subject>Investments - trends</subject><subject>Pandemics</subject><subject>Pneumonia, Viral - epidemiology</subject><subject>Viral diseases</subject><issn>0036-8075</issn><issn>1095-9203</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>2020</creationdate><recordtype>article</recordtype><sourceid>EIF</sourceid><recordid>eNo9kE1LAzEQhoMotlbP3iTgedvJ5zZ4kvpVKPSiXkM2O5GWNluTbqX_3hVXT3OY531neAi5ZjBmjOtJ9iuMHseu8kab8oQMGRhVGA7ilAwBhC6mUKoBuch5DdDtjDgnAyFAg1BiSO5my_f5Q8EMTeibA6YjDW2sM62_XArUb9BFihHTx5Gu4gHzfotxTyNinS_JWXCbjFf9HJG3p8fX2UuxWD7PZ_eLwgsj94UPRisQ3EmojQGB2mDFQlmpGiUGLSFw6bUG7b3iKkA1Vd75yqOTqmRajMjtb-8uNZ9t94JdN22K3UnLpWKSs5LLjpr8Uj41OScMdpdWW5eOloH9kWV7WbaX1SVu-t622mL9z__ZEd9RP2Zd</recordid><startdate>20201016</startdate><enddate>20201016</enddate><creator>Andrijevic, Marina</creator><creator>Schleussner, Carl-Friedrich</creator><creator>Gidden, Matthew J</creator><creator>McCollum, David L</creator><creator>Rogelj, Joeri</creator><general>The American Association for the Advancement of Science</general><scope>CGR</scope><scope>CUY</scope><scope>CVF</scope><scope>ECM</scope><scope>EIF</scope><scope>NPM</scope><scope>AAYXX</scope><scope>CITATION</scope><scope>7QF</scope><scope>7QG</scope><scope>7QL</scope><scope>7QP</scope><scope>7QQ</scope><scope>7QR</scope><scope>7SC</scope><scope>7SE</scope><scope>7SN</scope><scope>7SP</scope><scope>7SR</scope><scope>7SS</scope><scope>7T7</scope><scope>7TA</scope><scope>7TB</scope><scope>7TK</scope><scope>7TM</scope><scope>7U5</scope><scope>7U9</scope><scope>8BQ</scope><scope>8FD</scope><scope>C1K</scope><scope>F28</scope><scope>FR3</scope><scope>H8D</scope><scope>H8G</scope><scope>H94</scope><scope>JG9</scope><scope>JQ2</scope><scope>K9.</scope><scope>KR7</scope><scope>L7M</scope><scope>L~C</scope><scope>L~D</scope><scope>M7N</scope><scope>P64</scope><scope>RC3</scope></search><sort><creationdate>20201016</creationdate><title>COVID-19 recovery funds dwarf clean energy investment needs</title><author>Andrijevic, Marina ; Schleussner, Carl-Friedrich ; Gidden, Matthew J ; McCollum, David L ; Rogelj, Joeri</author></sort><facets><frbrtype>5</frbrtype><frbrgroupid>cdi_FETCH-LOGICAL-c394t-cf965032a40d9903e69eb1f7b5de4ef640f24c6606cc525f0b85cacbcea457163</frbrgroupid><rsrctype>articles</rsrctype><prefilter>articles</prefilter><language>eng</language><creationdate>2020</creationdate><topic>Carbon</topic><topic>Carbon dioxide</topic><topic>Carbon dioxide emissions</topic><topic>Clean energy</topic><topic>Climate Change - economics</topic><topic>Coronavirus Infections - epidemiology</topic><topic>Coronaviruses</topic><topic>COVID-19</topic><topic>Developmental Stages</topic><topic>Economic conditions</topic><topic>Economic crisis</topic><topic>Economic Development - trends</topic><topic>Economic recovery</topic><topic>Economics</topic><topic>Emissions</topic><topic>Energy recovery</topic><topic>Federal Government</topic><topic>Funds</topic><topic>Humans</topic><topic>Investment</topic><topic>Investments</topic><topic>Investments - trends</topic><topic>Pandemics</topic><topic>Pneumonia, Viral - epidemiology</topic><topic>Viral diseases</topic><toplevel>peer_reviewed</toplevel><toplevel>online_resources</toplevel><creatorcontrib>Andrijevic, Marina</creatorcontrib><creatorcontrib>Schleussner, Carl-Friedrich</creatorcontrib><creatorcontrib>Gidden, Matthew J</creatorcontrib><creatorcontrib>McCollum, David L</creatorcontrib><creatorcontrib>Rogelj, Joeri</creatorcontrib><collection>Medline</collection><collection>MEDLINE</collection><collection>MEDLINE (Ovid)</collection><collection>MEDLINE</collection><collection>MEDLINE</collection><collection>PubMed</collection><collection>CrossRef</collection><collection>Aluminium Industry Abstracts</collection><collection>Animal Behavior Abstracts</collection><collection>Bacteriology Abstracts (Microbiology B)</collection><collection>Calcium & Calcified Tissue Abstracts</collection><collection>Ceramic Abstracts</collection><collection>Chemoreception Abstracts</collection><collection>Computer and Information Systems Abstracts</collection><collection>Corrosion Abstracts</collection><collection>Ecology Abstracts</collection><collection>Electronics & Communications Abstracts</collection><collection>Engineered Materials Abstracts</collection><collection>Entomology Abstracts (Full archive)</collection><collection>Industrial and Applied Microbiology Abstracts (Microbiology A)</collection><collection>Materials Business File</collection><collection>Mechanical & Transportation Engineering Abstracts</collection><collection>Neurosciences Abstracts</collection><collection>Nucleic Acids Abstracts</collection><collection>Solid State and Superconductivity Abstracts</collection><collection>Virology and AIDS Abstracts</collection><collection>METADEX</collection><collection>Technology Research Database</collection><collection>Environmental Sciences and Pollution Management</collection><collection>ANTE: Abstracts in New Technology & Engineering</collection><collection>Engineering Research Database</collection><collection>Aerospace Database</collection><collection>Copper Technical Reference Library</collection><collection>AIDS and Cancer Research Abstracts</collection><collection>Materials Research Database</collection><collection>ProQuest Computer Science Collection</collection><collection>ProQuest Health & Medical Complete (Alumni)</collection><collection>Civil Engineering Abstracts</collection><collection>Advanced Technologies Database with Aerospace</collection><collection>Computer and Information Systems Abstracts Academic</collection><collection>Computer and Information Systems Abstracts Professional</collection><collection>Algology Mycology and Protozoology Abstracts (Microbiology C)</collection><collection>Biotechnology and BioEngineering Abstracts</collection><collection>Genetics Abstracts</collection><jtitle>Science (American Association for the Advancement of Science)</jtitle></facets><delivery><delcategory>Remote Search Resource</delcategory><fulltext>fulltext</fulltext></delivery><addata><au>Andrijevic, Marina</au><au>Schleussner, Carl-Friedrich</au><au>Gidden, Matthew J</au><au>McCollum, David L</au><au>Rogelj, Joeri</au><format>journal</format><genre>article</genre><ristype>JOUR</ristype><atitle>COVID-19 recovery funds dwarf clean energy investment needs</atitle><jtitle>Science (American Association for the Advancement of Science)</jtitle><addtitle>Science</addtitle><date>2020-10-16</date><risdate>2020</risdate><volume>370</volume><issue>6514</issue><spage>298</spage><epage>300</epage><pages>298-300</pages><issn>0036-8075</issn><eissn>1095-9203</eissn><abstract>A modest fraction of current global stimulus funds can put the world on track to achieve Paris Agreement goals
Governments around the globe are responding to the coronavirus disease 2019 (COVID-19)–related economic crisis with unprecedented economic recovery packages (
1
), which at the time of writing surpassed USD 12 trillion. Several influential voices, including the United Nations (UN) secretary-general, heads of state, companies, investors, and central banks, have called for post–COVID-19 economic recovery efforts to be used to catalyze the necessary longer-term transformation toward a more sustainable and resilient society. Here we shine a light on the opportunity for these investments to support a green recovery by inventorying and classifying the latest information on governments' fiscal stimulus plans (
1
) and comparing the size of these measures to estimates of low-carbon energy investment needs compatible with the 2015 UN Paris Agreement. We show that low-carbon investments to put the world on an ambitious track toward net zero carbon dioxide emissions by mid-century are dwarfed by currently announced COVID-19 stimulus funds. But marked differences across countries and regions at differing stages of development emphasize the role that international support and global partnership must play to create conditions that enable a global climate-positive recovery.</abstract><cop>United States</cop><pub>The American Association for the Advancement of Science</pub><pmid>33060353</pmid><doi>10.1126/science.abc9697</doi><tpages>3</tpages><oa>free_for_read</oa></addata></record> |
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| identifier | ISSN: 0036-8075 |
| ispartof | Science (American Association for the Advancement of Science), 2020-10, Vol.370 (6514), p.298-300 |
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| source | American Association for the Advancement of Science; MEDLINE |
| subjects | Carbon Carbon dioxide Carbon dioxide emissions Clean energy Climate Change - economics Coronavirus Infections - epidemiology Coronaviruses COVID-19 Developmental Stages Economic conditions Economic crisis Economic Development - trends Economic recovery Economics Emissions Energy recovery Federal Government Funds Humans Investment Investments Investments - trends Pandemics Pneumonia, Viral - epidemiology Viral diseases |
| title | COVID-19 recovery funds dwarf clean energy investment needs |
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