Search Results

You are looking at 1 - 2 of 2 items for :

  • "Green fiscal policy tracker" x
Clear All
Khaled Eltokhy, Ms. Katja Funke, Guohua Huang, Yujin Kim, and Genet Zinabou
In the wake of the COVID-19 crisis, governments around the world announced unprecedented fiscal packages to address the economic impact of the crisis. The unusually large scale of the packages was accompanied by widespread calls for “greening” them to meet the dual goals of economic recovery and environmental sustainability. In response, several researchers and international organizations attempted to assess the “greenness” of the fiscal policy response of the world’s largest economies. This paper takes stock of the contributions made by these various trackers, identifies strengths and weaknesses of their methodologies, and draws lessons for assessing the climate impact of fiscal policy going forward. It finds that: trackers provided useful assessments of the (generally low) level of greenness and raised awareness; trackers’ methodologies, while valid and innovative, varied significantly with some important, if currently largely unavoidable, weaknesses; and the way forward should involve tracking the greenness of entire government budgets, rather than just their response to the COVID-19 crisis.
Khaled Eltokhy, Ms. Katja Funke, Guohua Huang, Yujin Kim, and Genet Zinabou

, rather than just their response to the COVID-19 crisis. JEL Classification Numbers: Q51, Q58 Keywords: Green fiscal policy tracker, green budgeting, COVID-19 response, climate impact assessment Authors’ E-Mail Address: KEltokhy@imf.org , KFunke@imf.org , GHuang@imf.org , YKim9@imf.org , GZinabou@imf.org Contents I. INTRODUCTION II. THE IMF GREEN TRACKER III. OTHER GREEN TRACKERS FOLLOWING THE COVID-19 RESPONSE IV. LIMITATIONS OF EXISTING TRACKER APPROACHES V. A COMPREHENSIVE VIEW ON THE GREENNESS OF BUDGETS VI. A POTENTIAL WAY FORWARD