Greening the Stimulus Package amid Recovery from COVID-19

Time: 2020-05-10 09:46 Print


As the COVID-19 still developing and its impact unfolding on the economy and society, many local governments have planned or are planning to introduce stimulus packages, including a new wave of infrastructure investment, consumption coupons and tax cut, and the central government is also comtemplating recovery plans. However, among disclosed infrastructure investment projects and recovery plans, green projects are few and incentive for green consumptions among the recovery plans are missing. While incentives and investments for green projects are still essential for green transition in China, this report argues that the number and ratio of green projects in stimulus packages should grow, projects not labled as green should also follow strict environmental standards, and recovery plans should also encourage green investments.

Full Text: Greening the Stimulus Package amid Recovery from COVID-19