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DOI | 10.1038/s41893-024-01269-y |
The impact of COVID-19 fiscal spending on climate change adaptation and resilience | |
发表日期 | 2024 |
ISSN | 2398-9629 |
起始页码 | 7 |
结束页码 | 3 |
卷号 | 7期号:3 |
英文摘要 | Government expenditure and taxation have a significant influence on the long-term adaptation and resilience of societies to climate and other environmental shocks. Unprecedented fiscal spending in the COVID-19 recovery offered an opportunity to systematically enhance adaptation and resilience to future shocks. But did the 'build back better' rhetoric manifest in more resilient policy? We develop a dedicated fiscal policy taxonomy for climate change adaptation and resilience (A&R)-the Climate Resilience and Adaptation Financing Taxonomy (CRAFT)-and apply this to analyse similar to 8,000 government policies across 88 countries. We find that US$279-334 billion (9.7-11.1%) of economic recovery spending potentially had direct A&R benefits. This positive spending is substantial in absolute terms but falls well below adaptation needs. Moreover, a notable portion (27.6-28%) of recovery spending may have had negative impacts on A&R, acting to lock in non-resilient infrastructure. We add a deep learning algorithm to consider A&R themes in associated COVID-19 policy documents. Compared with climate mitigation, A&R received only one-third of the spending and was mentioned only one-seventh as frequently in policy documents. These results suggest that the COVID-19 fiscal response missed many opportunities to advance climate A&R. We draw conclusions for how to better align fiscal policy with A&R. |
语种 | 英语 |
WOS研究方向 | Science & Technology - Other Topics ; Environmental Sciences & Ecology |
WOS类目 | Green & Sustainable Science & Technology ; Environmental Sciences ; Environmental Studies |
WOS记录号 | WOS:001155824900001 |
来源期刊 | NATURE SUSTAINABILITY |
文献类型 | 期刊论文 |
条目标识符 | http://gcip.llas.ac.cn/handle/2XKMVOVA/288067 |
作者单位 | University of Oxford; University of Edinburgh; University of Oxford; University of Oxford |
推荐引用方式 GB/T 7714 | . The impact of COVID-19 fiscal spending on climate change adaptation and resilience[J],2024,7(3). |
APA | (2024).The impact of COVID-19 fiscal spending on climate change adaptation and resilience.NATURE SUSTAINABILITY,7(3). |
MLA | "The impact of COVID-19 fiscal spending on climate change adaptation and resilience".NATURE SUSTAINABILITY 7.3(2024). |
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