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| Green Recovery Policies for the COVID-19 Crisis: Modelling the Impact on the Economy and Greenhouse Gas Emissions | |
| Lahcen, B.1,2; Brusselaers, J.1; Vrancken, K.1; Dams, Y.1; Eyckmans, J.2; Rousseau, S.2; Paes, C. Da Silva3 | |
| 2020-07 | |
| 发表期刊 | ENVIRONMENTAL & RESOURCE ECONOMICS
 |
| ISSN | 0924-6460 |
| EISSN | 1573-1502 |
| 摘要 | The COVID-19 pandemic induces the worst economic downturn since the Second World War, requiring governments to design large-scale recovery plans to overcome this crisis. This paper quantitatively assesses the potential of government investments in eco-friendly construction projects to boost the economy and simultaneously realise environmental gains through reduced energy consumption and related greenhouse gas emissions. The analysis uses a Computable General Equilibrium model that examines the macroeconomic impact of the COVID-19 crisis in a small open economy (Belgium). Subsequently, the impact of the proposed policy is assessed through comparative analysis for macroeconomic parameters as well as CO(2)equivalent emissions for four scenarios. Our findings demonstrate that the COVID-19 pandemic damages economies considerably, however, the reduction in emissions is less than proportionate. Still, well-designed public policies can reverse this trend, achieving both economic growth and a disproportionally large decrease in emissions. Moreover, the positive effect of such a decoupling policy on GDP is even stronger during the pandemic than compared to the pre-COVID-19 period. This is the result of a targeted, investment-induced green transition towards low energy-intensive economic activities. Finally, this paper describes how the net effect on the government budget is positive through the indirect gains of the economic uptake. |
| 关键词 | CGE model Climate change COVID-19 Economic recession Greenhouse gas emissions Pandemic Policy analysis Recovery plans Small open economy Sustainable investment |
| DOI | 10.1007/s10640-020-00454-9 |
| WOS关键词 | PANDEMIC INFLUENZA |
| WOS研究方向 | Business & Economics ; Environmental Sciences & Ecology |
| WOS类目 | Economics ; Environmental Studies |
| 出版者 | SPRINGER |
| 引用统计 | |
| 文献类型 | 期刊论文 |
| 专题 | 新冠肺炎 循证社会科学证据集成 |
| 作者单位 | 1.VITO; 2.Katholieke Univ Leuven; 3.Univ Ghent |
| 推荐引用方式 GB/T 7714 | Lahcen, B.,Brusselaers, J.,Vrancken, K.,et al. Green Recovery Policies for the COVID-19 Crisis: Modelling the Impact on the Economy and Greenhouse Gas Emissions[J]. ENVIRONMENTAL & RESOURCE ECONOMICS,2020. |
| APA | Lahcen, B..,Brusselaers, J..,Vrancken, K..,Dams, Y..,Eyckmans, J..,...&Paes, C. Da Silva.(2020).Green Recovery Policies for the COVID-19 Crisis: Modelling the Impact on the Economy and Greenhouse Gas Emissions.ENVIRONMENTAL & RESOURCE ECONOMICS. |
| MLA | Lahcen, B.,et al."Green Recovery Policies for the COVID-19 Crisis: Modelling the Impact on the Economy and Greenhouse Gas Emissions".ENVIRONMENTAL & RESOURCE ECONOMICS (2020). |
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| Lahcen-2020-Green Re（846KB） | 期刊论文 | 出版稿 | 开放获取 | CC BY-NC-SA | 浏览 下载 | |
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