For the economic recovery from the COVID-19 crisis to be durableand resilient, a return to ‘business as usual’ and environmentally destructive investment patterns and activities must be avoided. To prevent this, economic recovery packages should be designed to “build back better”. This means doing more than getting economies and livelihoods quickly back on their feet. Recovery policies also need to trigger investment and behavioural changes that will reduce the likelihood of future shocks and increase society’s resilience to them when they do occur.
This report examines ways governments can use stimulus measures to make investments and societal changes that can reduce the likelihood of future shocks and build more resilient and environmentally sustainable societies. It provides detailed policy recommendations for a resilient recovery.