Building Back Better : How Big Are Green Spending Multipliers? / Nicoletta Batini.

Author
Batini, Nicoletta [Browse]
Format
Book
Language
English
Published/​Created
Washington, D.C. : International Monetary Fund, 2021.
Description
1 online resource (47 pages)

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Summary note
This paper estimates multipliers for spending in clean energy and biodiversity conservation to help inform stimulus measures for a post-COVID-19 sustainable recovery. Using a new international dataset, part of which was especially assembled for this analysis, we find that every dollar spent on key carbon-neutral or carbon-sink activities-from zero-emission power plants to the protection of wildlife and ecosystems-can generate more than a dollar's worth of economic activity. The estimated multipliers associated with green spending are about 2 to 7 times larger than those associated with non-eco-friendly expenditure, depending on sectors, technologies and horizons. These findings survive several robustness checks and suggest that 'building back better' could be a win-win for economies and the planet.
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Description based on print version record.
Doi
  • 10.5089/9781513574462.001
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