Details

Author

• di Serio, Mario [Browse]
• Fragetta, Matteo [Browse]

Series

• IMF Working Papers; Working Paper ; No. 2021/087 [More in this series]
• IMF Working Papers

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.

Source of description

Description based on print version record.

Doi

• 10.5089/9781513574462.001

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