To what extent do government Covid-19 recovery packages support the environment and the climate? This was the focus of the analysis "Are We Really Building Back Better?" carried out by UNEP, the United Nations Environment Programme, and the University of Oxford and published today. The report verified that Germany is tackling the consequences of the Covid-19 pandemic in an environmentally sound way.
The report was presented to Federal Environment Minister Svenja Schulze, International Monetary Fund Managing Director Kristalina Georgieva, Executive Director of the United Nations Environment Programme UNEP Inger Andersen and Nobel laureate Joseph Stiglitz.
Federal Environment Minister Svenja Schulze commented: "An environmentally compatible and socially fair recovery from the crisis will pay off for all of us. It is important from a strategic point of view that the recovery programmes set the course for an environmentally compatible and sustainable development of our societies, making them fit for the future. The report shows that environmentally sound recovery measures do not conflict with economic growth as they give a strong and fast acting impetus to the economy and employment."
Some details of the report
Governments around the world have been launching large recovery packages to mitigate the economic and social consequences of the Covid-19 pandemic. Today, the United Nations Environment Programme UNEP and the University of Oxford published their first report on this kind of national rescue and recovery spending. The analysis entitled "Are We Really Building Back Better?" focusses on the extent to which these measures not only mitigate the effects of the Covid-19 pandemic but are also being deployed for a green transformation of national economies, transport systems and infrastructure. The report is the most comprehensive and at the same time most detailed stock take to date of recovery measures being implemented around the world in response to the Covid-19 pandemic. The report mentions Germany as one of five countries which are clearly making use of their recovery packages to initiate a green and climate friendly modernisation of the country.
The report underlines that a large proportion of green recovery spending is being undertaken by just a few frontrunner countries such as Norway, Poland, Denmark, Germany and France. This makes it all the more important to promote international partnerships which focus on helping countries with an insufficient infrastructure to fight the crisis sustainably. Therefore, the Federal Environment Ministry supports emerging market and developing countries (EMDEs) in the development of green recovery measures to enable them to overcome the crisis in a sustainable way, making them resilient for the future.