“The Economic Case for a Sustainable Recovery from COVID-19 Pandemic” Lecture at the University of Thessaly
As part of the Scientific Lectures series of the Department of Environment, University of Thessaly, on May 24th Prof. Phoebe Koundouri gave a lecture titled: "The Economic Case for a Sustainable Recovery from the COVID-19 pandemic".
Title: “The Economic Case for a Sustainable Recovery from COVID-19 Pandemic”
“The COVID 19 pandemic-related recovery packages are financed by national debt, hence they are loans from future generations. This points to a moral responsibility to “Build forward Better”. The good news is that we also have a strong economic case for “Building forward Better”. Recent simulations of the effect of green recovery plans worldwide confirm that a green economic stimulus is more growth-enhancing than a ‘return-to-normal’ stimulus that would merely boost current, unsustainable consumption and production patterns. Beyond fiscal stimulus that is expected to boost aggregate demand, this crisis calls for transformative public investments that will shape a sustainable and fair, green and digital transition, and leverage private sector investment. Our long-term vision should be the United Nations’ Agenda 2030 with the 17 Sustainable Development Goals (SDGs) and 2015 Paris Agreement, while the European Green Deal provides the right level of ambition and direction".
Learn more and watch the lecture here.