Macroeconomic crises and green recovery spending: Introducing the CLIMREC dataset

Abstract

The CLIMREC Dataset on Green Economic Recovery Spending offers new insights into the emissions profiles of 40 major economies’ economic recovery packages during the Global Financial Crisis and the COVID-19 pandemic. Analyses reveal that most governments have allocated modest recovery spending towards decarbonization objectives, with green spending patterns changing little over time. Overall, governments have prioritized emissions-neutral economic stabilization measures over advancing the clean energy transition in crisis-related fiscal spending.

Publication
npj Climate Action