Energy Strategy Reviews (Jan 2023)

Science policy frameworks for a post-pandemic green economic recovery

  • Theodoros Zachariadis,
  • Elias Giannakis,
  • Constantinos Taliotis,
  • Marios Karmellos,
  • Nestor Fylaktos,
  • Mark Howells,
  • Will Blyth,
  • Stéphane Hallegatte

Journal volume & issue
Vol. 45
p. 101035

Abstract

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As current production and consumption patterns exceed planetary boundaries, many leaders have stressed the need to adopt green economic stimulus policies in the aftermath of the COVID-19 pandemic. This paper provides an integrated multi-stakeholder framework to design an economic recovery strategy aligned with climate stabilisation objectives. We first employ quantitative energy and economic models, and then a multi-criteria decision process in which we engage social actors from government, enterprises and civil society. As a case study, we select green recovery measures that are relevant for a European Union country and assess their appropriateness with numerous criteria related to climate resilience and socio-economic sustainability. Results highlight trade-offs between immediate and long-run effects, economic and environmental objectives, and expert evidence and societal priorities. Importantly, we find that a ‘return-to-normal’ economic stimulus is environmentally unsustainable and economically inferior to most green recovery schemes.

Keywords