Below is an excerpt from ISS ESG’s recently released “Economic Recovery and the Potential for Green Public Finance Amid COVID-19.” The full paper is available for download from the Institutional Shareholder Services (ISS) online library.
The ongoing COVID-19 pandemic has disrupted the global economy and is causing a greater recession than that induced by the financial crisis a decade ago. After providing the first financial relief packages, which primarily targeted health and social security, governments worldwide are now turning to the provision of more long-term fiscal stimulus packages. With governments intending to invest up to 35 to 40 percent of their GDP, the sheer size of these packages provides for an enormous chance to drive an economic recovery aligned with a green transition.
By: Hendrik Leue, Associate Vice President, ISS ESG; Janina Magdanz, Analyst, ISS ESG