Posted on December 16, 2020
Green New Deal: Lessons Learned from the Republic of Korea, Rwanda and European Union
COVID-19 Pandemic is a challenge that has long-term implications beyond the public health sector with impacts on the global economy and overall attainment of the 2030 agenda for sustainable development. The enormous health, economic, and social crises resulting from the Pandemic is also an opportunity to utilize the funds for smart recovery by undertaking wider-reaching and fundamental restructuring of critical sectors and activities. It makes economic sense to plan the recovery packages to be green and the transition to low-emission climate-resilient and resource-efficient economies in socially inclusive ways. This green recovery pathway, by definition, means steering away from perverse economic incentives such as fossil fuel subsidies and investing in economically competitive renewable energy options. This pathway enables the creation of green jobs while ensuring ad