IIF Authors

Status: Will be live at 06/25/2020 17:57

Green Weekly Insight: Will COVID-19 reinvigorate the ESG agenda?

  • Rising debt levels amidst COVID-19 may constrain capacity for investment in climate change mitigation and SDGs
  • A green recovery is critical to reduce emissions but also to boost job creation: $1tn annually in green energy investment could create 9 million jobs in three years, while reducing emissions by 15%
  • Some $11 trillion in global fiscal stimulus has been approved, but less than 1% of this pandemic response is “green”
  • The European Commission’s €750 billion budget proposal is by far the largest green package — but faces several obstacles in obtaining approval in European Council negotiations next month