Great Green Transition and Finance
Abstract European governments are struggling to regain economic strength in the coronavirus pandemic as in many countries the number of new infections seems to gradually subside. Growth rates deep in the red call for a reconstruction programme when the crisis is finally manageable and economic activ...
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| Format: | Article |
| Language: | English |
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Springer
2020-06-01
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| Series: | Intereconomics |
| Online Access: | https://doi.org/10.1007/s10272-020-0896-y |
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| _version_ | 1841525644897288192 |
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| author | Claudia Kemfert Dorothea Schäfer Willi Semmler |
| author_facet | Claudia Kemfert Dorothea Schäfer Willi Semmler |
| author_sort | Claudia Kemfert |
| collection | DOAJ |
| description | Abstract European governments are struggling to regain economic strength in the coronavirus pandemic as in many countries the number of new infections seems to gradually subside. Growth rates deep in the red call for a reconstruction programme when the crisis is finally manageable and economic activity can resume. Amidst this, there are again influential groups that claim “this is not the time to insist on strict climate protection goals”. On the contrary, the ongoing COVID-19 crisis has clearly illustrated what climate disasters, often occurring locally, could do to the life of citizens. The reconstruction programme needs to initiate the great green transition. The transformation from a climate-distorting to a climate-protecting economy opens up investment opportunities and points to financing needs comparable with those necessary for the rebuilding of the European economy after World War II. The great green transition is a unique chance to pursue policies for a new and sustainable growth regime. |
| format | Article |
| id | doaj-art-a750aee25a7a42f39f67eb6685f38686 |
| institution | Kabale University |
| issn | 0020-5346 1613-964X |
| language | English |
| publishDate | 2020-06-01 |
| publisher | Springer |
| record_format | Article |
| series | Intereconomics |
| spelling | doaj-art-a750aee25a7a42f39f67eb6685f386862025-01-17T08:34:12ZengSpringerIntereconomics0020-53461613-964X2020-06-0155318118610.1007/s10272-020-0896-yGreat Green Transition and FinanceClaudia Kemfert0Dorothea Schäfer1Willi Semmler2Depart. Energy, Traffic and Environment, German Institute for Economic Research DIW BerlinGerman Institute for Economic Research DIW BerlinDepart. of Economics Graduate Faculty, New School for Social ResearchAbstract European governments are struggling to regain economic strength in the coronavirus pandemic as in many countries the number of new infections seems to gradually subside. Growth rates deep in the red call for a reconstruction programme when the crisis is finally manageable and economic activity can resume. Amidst this, there are again influential groups that claim “this is not the time to insist on strict climate protection goals”. On the contrary, the ongoing COVID-19 crisis has clearly illustrated what climate disasters, often occurring locally, could do to the life of citizens. The reconstruction programme needs to initiate the great green transition. The transformation from a climate-distorting to a climate-protecting economy opens up investment opportunities and points to financing needs comparable with those necessary for the rebuilding of the European economy after World War II. The great green transition is a unique chance to pursue policies for a new and sustainable growth regime.https://doi.org/10.1007/s10272-020-0896-y |
| spellingShingle | Claudia Kemfert Dorothea Schäfer Willi Semmler Great Green Transition and Finance Intereconomics |
| title | Great Green Transition and Finance |
| title_full | Great Green Transition and Finance |
| title_fullStr | Great Green Transition and Finance |
| title_full_unstemmed | Great Green Transition and Finance |
| title_short | Great Green Transition and Finance |
| title_sort | great green transition and finance |
| url | https://doi.org/10.1007/s10272-020-0896-y |
| work_keys_str_mv | AT claudiakemfert greatgreentransitionandfinance AT dorotheaschafer greatgreentransitionandfinance AT willisemmler greatgreentransitionandfinance |