Great Green Transition and Finance
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In: Intereconomics, Vol. 55, No. 3, 01.05.2020, p. 181-186.
Research output: Journal contributions › Journal articles › Research › peer-review
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TY - JOUR
T1 - Great Green Transition and Finance
AU - Kemfert, Claudia
AU - Schäfer, Dorothea
AU - Semmler, Willi
PY - 2020/5/1
Y1 - 2020/5/1
N2 - European governments are struggling to regain economic strength in the coronavirus pandemic as in many countries the number of new infections seems to gradually subside. Growth rates deep in the red call for a reconstruction programme when the crisis is finally manageable and economic activity can resume. Amidst this, there are again influential groups that claim “this is not the time to insist on strict climate protection goals”. On the contrary, the ongoing COVID-19 crisis has clearly illustrated what climate disasters, often occurring locally, could do to the life of citizens. The reconstruction programme needs to initiate the great green transition. The transformation from a climate-distorting to a climate-protecting economy opens up investment opportunities and points to financing needs comparable with those necessary for the rebuilding of the European economy after World War II. The great green transition is a unique chance to pursue policies for a new and sustainable growth regime.
AB - European governments are struggling to regain economic strength in the coronavirus pandemic as in many countries the number of new infections seems to gradually subside. Growth rates deep in the red call for a reconstruction programme when the crisis is finally manageable and economic activity can resume. Amidst this, there are again influential groups that claim “this is not the time to insist on strict climate protection goals”. On the contrary, the ongoing COVID-19 crisis has clearly illustrated what climate disasters, often occurring locally, could do to the life of citizens. The reconstruction programme needs to initiate the great green transition. The transformation from a climate-distorting to a climate-protecting economy opens up investment opportunities and points to financing needs comparable with those necessary for the rebuilding of the European economy after World War II. The great green transition is a unique chance to pursue policies for a new and sustainable growth regime.
KW - Economics
UR - http://www.scopus.com/inward/record.url?scp=85086368910&partnerID=8YFLogxK
U2 - 10.1007/s10272-020-0896-y
DO - 10.1007/s10272-020-0896-y
M3 - Journal articles
C2 - 32536717
AN - SCOPUS:85086368910
VL - 55
SP - 181
EP - 186
JO - Intereconomics
JF - Intereconomics
SN - 0020-5346
IS - 3
ER -