Working Paper

'Building Back Better' in Practice : A Science-Policy Framework for a Green Economic Recovery after COVID-19

Show simple item record

collection.link.5
https://openknowledge.worldbank.org/handle/10986/9
collection.name.5
Policy Research Working Papers
dc.contributor.author
Zachariadis, Theodoros
dc.contributor.author
Giannakis, ,Elias
dc.contributor.author
Taliotis, Constantinos
dc.contributor.author
Karmellos, Marios
dc.contributor.author
Fylaktos, Nestor
dc.contributor.author
Howells, Mark
dc.contributor.author
Blyth, Will
dc.contributor.author
Hallegatte, Stephane
dc.date.accessioned
2021-02-04T15:35:43Z
dc.date.available
2021-02-04T15:35:43Z
dc.date.issued
2021-01
dc.date.lastModified
2021-11-27T00:09:34Z
dc.description.abstract
As humanity’s current production and consumption patterns exceed planetary boundaries, many opinion leaders have stressed the need to adopt green economic stimulus policies in the aftermath of the COVID-19 pandemic, in line with the United Nations Sustainable Development Goals and the Paris Agreement on Climate Change. This paper provides an integrated framework to design an economic recovery strategy aligned with sustainability objectives through a multi-criterion, multi-stakeholder lens. The aim is to enable decisions by policy makers with the aid of transparent workflows that include expert evidence that is based on quantitative open-source modeling, and qualitative input by diverse social actors in a participatory approach. The paper employs an energy systems model and an economic input-output model to provide quantitative evidence and design a multi-criteria decision process that engages stakeholders from government, enterprises, and civil society. As a case study, the paper studies 13 green recovery measures that are relevant for Cyprus and assesses their appropriateness for criteria related to environmental sustainability, socioeconomic and job impact, and climate resilience. The results highlight trade-offs between immediate and long-run effects, between economic and environmental objectives, and between expert evidence and societal priorities. Importantly, the paper finds that a “return-to-normal” economic stimulus is not only environmentally unsustainable, but also economically inferior to most green recovery schemes.
en
dc.identifier
http://documents.worldbank.org/curated/en/622001611844084014/Building-Back-Better-in-Practice-A-Science-Policy-Framework-for-a-Green-Economic-Recovery-after-COVID-19
dc.identifier.uri
http://hdl.handle.net/10986/35101
dc.language
English
dc.publisher
World Bank, Washington, DC
dc.relation.ispartofseries
Policy Research Working Paper;No. 9528
dc.rights
CC BY 3.0 IGO
dc.rights.holder
World Bank
dc.rights.uri
http://creativecommons.org/licenses/by/3.0/igo
dc.subject
ENERGY SYSTEMS MODEL
dc.subject
INPUT-OUTPUT MODEL
dc.subject
MULTI-CRITERIA DECISION ANALYSIS
dc.subject
POLICY FORMULATION
dc.subject
STAKEHOLDER ENGAGEMENT
dc.subject
GREEN GROWTH
dc.subject
EMISSIONS TRADING
dc.subject
ECONOMIC RECOVERY
dc.subject
CLIMATE CHANGE
dc.subject
PARIS AGREEMENT
dc.subject
SUSTAINABLE DEVELOPMENT GOALS
dc.subject
ENVIRONMENTAL SUSTAINABILITY
dc.subject
ECONOMIC STIMULUS
dc.subject
PANDEMIC RESPONSE
dc.subject
CORONAVIRUS
dc.subject
COVID-19
dc.title
'Building Back Better' in Practice
en
dc.title.subtitle
A Science-Policy Framework for a Green Economic Recovery after COVID-19
en
dc.type
Working Paper
en
okr.date.disclosure
2021-01-28
okr.doctype
Publications & Research
okr.doctype
Publications & Research :: Policy Research Working Paper
okr.docurl
http://documents.worldbank.org/curated/en/622001611844084014/Building-Back-Better-in-Practice-A-Science-Policy-Framework-for-a-Green-Economic-Recovery-after-COVID-19
okr.googlescholar.linkpresent
yes
okr.identifier.doi
10.1596/1813-9450-9528
okr.identifier.externaldocumentum
090224b08822eeed_1_0
okr.identifier.internaldocumentum
32785856
okr.identifier.report
WPS9528
okr.imported
true
en
okr.language.supported
en
okr.pdfurl
http://documents.worldbank.org/curated/en/622001611844084014/pdf/Building-Back-Better-in-Practice-A-Science-Policy-Framework-for-a-Green-Economic-Recovery-after-COVID-19.pdf
en
okr.statistics.combined
2714
okr.statistics.dr
622001611844084014
okr.topic
Environment :: Climate Change and Environment
okr.topic
Environment :: Environmental Strategy
okr.topic
Environment :: Green Issues
okr.topic
Macroeconomics and Economic Growth :: Economic Growth
okr.unit
Climate Change Group

Show simple item record



This item appears in the following Collection(s)