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The DOI matches its Crossref record; 6 of the 6 references it cites were found in a registry or an index.

Will COVID-19 fiscal recovery packages accelerate or retard progress on climate change?

Open access
Hepburn, Cameron, O’Callaghan, Brian, Stern, Nicholas, Stiglitz, Joseph, Zenghelis, Dimitri·2020·Oxford Review of Economic Policy

Abstract

The COVID-19 crisis is likely to have dramatic consequences for progress on climate change. Imminent fiscal recovery packages could entrench or partly displace the current fossil-fuel-intensive economic system. Here, we survey 231 central bank officials, finance ministry officials, and other economic experts from G20 countries on the relative performance of 25 major fiscal recovery archetypes across four dimensions: speed of implementation, economic multiplier, climate impact potential, and overall desirability. We identify five policies with high potential on both economic multiplier and climate impact metrics: clean physical infrastructure, building efficiency retrofits, investment in education and training, natural capital investment, and clean R&D. In lower- and middle-income countries (LMICs) rural support spending is of particular value while clean R&D is less important. These recommendations are contextualized through analysis of the short-run impacts of COVID-19 on greenhouse gas curtailment and plausible medium-run shifts in the habits and behaviours of humans and institutions.

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Metadata

Authors
Hepburn, C., O’Callaghan, B., Stern, N., Stiglitz, J., & Zenghelis, D.
Venue
Oxford Review of Economic Policy
Published
2020
Volume
36
Issue
Supplement_1
Pages
S359-S381
ISSN
  • 0266-903X (ISSN-L)
  • 1460-2121
OpenAlex
W3020975734
Cited by
771
References
6
FWCI
131.27
Type
journal article
Language
en
Open access
bronze

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CoChat. (2026). Citation check: Will COVID-19 fiscal recovery packages accelerate or retard progress on climate change? https://app.cochat.ai/papers/10.1093/oxrep/graa015
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Hepburn, C., O’Callaghan, B., Stern, N., Stiglitz, J., & Zenghelis, D. (2020). Will COVID-19 fiscal recovery packages accelerate or retard progress on climate change? Oxford Review of Economic Policy. https://doi.org/10.1093/oxrep/graa015

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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).

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