Green Recovery

Post-pandemic economic recovery based on green principles is a challenge but also an opportunity

The coronavirus pandemic is presenting the world with colossal challenges. It will have a lasting impact on sustainable development in many areas. At the same time, climate change is threatening the livelihoods of many people. Yet these dual crises can also be an opportunity – if tackling them in the spirit of a green recovery brings about a sustainable economic system. 

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For GIZ, green recovery means measures that combat the social, economic and environmental impacts of the coronavirus crisis. It facilitates change that is sustainable, resilient and climate-neutral. In the long term, green growth ensures that natural resources are preserved as the foundation for future generations’ livelihoods. GIZ supports the German Government and its partners with short-term and long-term reconstruction measures. 

All over the world, public-sector investment is under way on a vast scale to restimulate the economy. This is creating an opportunity to accelerate the transition to sustainable, future-proof economic and social structures – a double dividend. GIZ is working on crisis response and recovery measures to address both the immediate consequences and the medium to long-term impacts of the crisis. 

Expanding the availability of green finance through targeted cooperation with the financial sector, for example with sustainable bonds and loans, is one approach. It is also promoting innovative, resource-friendly technologies to achieve long-term structural changes such as transforming supply chains and transitioning to a circular economy. Finally, it aims to create green jobs that contribute to conserving or restoring the environment or climate. Technology-based approaches are crucial to the success of these measures. 

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