May 26, 2023

Nigeria’s post-COVID-19 Macroeconomic Policies: Are They Climate Change Friendly?

The COVID-19 pandemic has given rise to arguably the most challenging global health crisis in modern times. Its impact has been felt by most sectors of the global economy, resulting in economic decline around the world. Governments have committed at least $12 trillion towards a recovery stimulus with a focus on immediate needs, including healthcare, job security and food security. However, studies show that the economic response to the COVID-19 crisis has also reinforced negative environmental trends, as few governments have used COVID-19 stimulus packages to transform the economic trajectory of their countries in a way that responds positively to climate change and enhances environmental sustainability. This despite the fact that climate change is one of the biggest threats facing humanity today. With properly designed stimulus packages that are climate friendly, countries can build back in a way that is more sustainable, resilient and inclusive.

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This article was first published by SAIIA