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Science policy frameworks for a post-pandemic green economic recovery

Authors :
Theodoros Zachariadis
Elias Giannakis
Constantinos Taliotis
Marios Karmellos
Nestor Fylaktos
Mark Howells
Will Blyth
Stéphane Hallegatte
Source :
Energy Strategy Reviews, Vol 45, Iss , Pp 101035- (2023)
Publication Year :
2023
Publisher :
Elsevier, 2023.

Abstract

As current production and consumption patterns exceed planetary boundaries, many leaders have stressed the need to adopt green economic stimulus policies in the aftermath of the COVID-19 pandemic. This paper provides an integrated multi-stakeholder framework to design an economic recovery strategy aligned with climate stabilisation objectives. We first employ quantitative energy and economic models, and then a multi-criteria decision process in which we engage social actors from government, enterprises and civil society. As a case study, we select green recovery measures that are relevant for a European Union country and assess their appropriateness with numerous criteria related to climate resilience and socio-economic sustainability. Results highlight trade-offs between immediate and long-run effects, economic and environmental objectives, and expert evidence and societal priorities. Importantly, we find that a ‘return-to-normal’ economic stimulus is environmentally unsustainable and economically inferior to most green recovery schemes.

Details

Language :
English
ISSN :
2211467X
Volume :
45
Issue :
101035-
Database :
Directory of Open Access Journals
Journal :
Energy Strategy Reviews
Publication Type :
Academic Journal
Accession number :
edsdoj.9e17efd187d4471d86e7a33a5a704eb4
Document Type :
article
Full Text :
https://doi.org/10.1016/j.esr.2022.101035