About this Discussion

With alarming speed, COVID-19 has infected tens of millions of people worldwide and killed more than one million. It has impacted economies and changed people's lives, particularly the poor and vulnerable who are already disproportionately impacted by climate change and other environmental, social, and economic risks.

The virus has also become central to national policy and has halted business operations in ways that were unimaginable. The economic impacts of these efforts are likely to be felt for years to come.

In addition to responses from government leaders, who are calling for support to cope with the twin crises of public health and rebuilding economies in sustainable and resource-efficient ways, industry and finance stakeholders also have important roles. This includes generating innovative solutions for diversifying production portfolios, building business capacities for sustaining growth, and aligning institutional investors’ fiduciary duties and stewardship practices with long-term decision-making and sustainable value creation.

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Green Recovery from COVID-19

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Morocco has launched a new $100 million Green Growth program to support SMEs in greening their production processes. This features as part of their 2021-2023 industrial recovery plan.

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https://www.moroccoworldnews.com/2021/01/333483/morocco-launches-program-to-boost-industrial-green-t...
The World Bank

Join our The World Bank's #OneSouthAsia live conversation to hear how three women entrepreneurs are navigating the pandemic and tapping regional opportunities to create jobs, contribute to economic growth, and reduce gender gaps. South Asia has the world’s lowest rate … Read More

Former central banks heads and finance ministers call for debt relief for a green and inclusive recovery

The statement calls on the G20 to enact a Debt Relief for a Green and Inclusive Recovery Initiative that requires bilateral, multilateral,and private sector debt relief on a grand scale, analogous to the Highly Indebted Poor Countries Initiative. It also supports creating a substantial new allocation of the International Monetary Fund’s Special Drawing Rights, accompanied by a significant increase in multilateral and regional development bank financing. The statement encourages the Italian G20 presidency to initiate an emergency summit to this end.

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https://drgr.org/2021/01/15/statement-on-debt-relief-for-a-green-and-inclusive-recovery/
World Economic Forum(WEF), Devex

In the wake of COVID-19, we must capitalize on the opportunity to reset the economic system and build one that incentivizes sustainable and inclusive economic growth with strong private sector participation. By leveraging the power of the 4IR, renewable energy, innovative financing and resilience… Read More

Maria Dumpert commented on Maria Dumpert's Post in Agriculture and Food System, Green Recovery from COVID-19, Energy

A new WRI blog highlights Nigeria's Sustainable COVID-19 Recovery -- In addition to removing fossil fuel subsidies, the government's $5.9 billion (N23 trillion, or 1% of GDP) Economic Sustainability Plan (https://budgetoffice.gov.ng/index.php/nigeria-economic-sustainability-p…) invests in clean energy, agriculture, and infrastructure, including:
* US$619 million to the Solar Homes Systems Project, which is anticipated to cover about 5 million households, along with providing monetary incentives for private solar installers;
* A National MSME Survival Fund, of which 60% is reserved for women entrepreneurs;
* An agricultural program to significantly increase the acreage under cultivation, which has the potential to incorporate climate-smart strategies and practices such as drought-resistant crops and sustainable land and water management

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https://www.wri.org/blog/2021/01/nigeria-moves-toward-sustainable-covid-19-recovery