20 May 2020, 13:30:00
Integrating climate change and biodiversity into the response to COVID-19: Bailout measures
This note is part of a series looking at climate change and biodiversity considerations in economic responses to COVID-19.
It argues that governments should use three complementary strategies to align their bailout packages:
Governments should clearly set out any commitments they expect firms receiving assistance to uphold.
Governments should ensure the strength of those commitments (i.e. the benefits to the public) are commensurate to the public support being provided (i.e. the costs to the public).
Governments should consider medium and long term ecological transition and physical risks when deciding the scale and duration of support.