Towards a Global Green Recovery Recommendations for Immediate G20 Action

by Ottmar Edenhofer and Nicholas Stern

- To re-start growth, ambitious fiscal stimulus measures have been announced in most G20 member countries and further measures are under consideration. Additional measures should be timely, well targeted, and taken within a clear long-term framework if they are to help lay the foundations of sustainable growth in the medium and long term without threatening fiscal sustainability when recovery comes. Public spending aimed at stimulating private investments that help reducing greenhouse gas emissions can perform very well against these criteria for an effective stimulus, while providing the additional benefits of lower energy costs and increased energy security.

Edenhofer, O. and N. Stern (2009). "Towards a Global Green Recovery Recommendations for Immediate G20 Action." April 2009.