Opportunities of post Covid-19 European recovery funds in transitioning towards circular and climate neutral economy

Author (Person)	Stagl, Sigrid
Author (Corporate)	European Parliament: DG Internal Policies
Publisher	European Parliament: European Parliamentary Research Service (EPRS), European Union
Series Title	EPRS Briefings
Series Details	PE 658.186
Publication Date	November 2020Eu
Content Type	Research Paper
	Summary: The briefing presents specific green economic recovery measures that stabilise livelihoods, creates jobs and reduce biophysical impact. These measures are more effective, when accompanied by full carbon pricing, prioritizing investment in green infrastructure and innovation, phasing out of subsidies and tax exemptions for emissions-intensive activities, and promoting green finance. Although COVID-19 has reduced GHG emissions in 2020, the overall impact will be driven by investment choices. In the current economic climate, public investment is a key driver of the transition to a more sustainable economy.
Source Link	Link to Main Source https://www.europarl.europa.eu/thinktank/en/document.html?reference=IPOL_BRI(2020)658186 Alternative Source 1 Alternative sources https://www.europarl.europa.eu/RegData/etudes/BRIE/2020/658186/IPOL_BRI(2020)658186_EN.pdf
Subject Categories	Economic and Financial Affairs, Environment
Subject Tags	Climate Change, Economic Governance \| Situation, Sustainable Development
Keywords	Circular Economy, COVID-19 (Coronavirus), Greenhouse Gas \| GHG Emissions
International Organisations	European Union [EU]