global green stimulus packages post COVID-19

Global governments are set to spend billions in stimulus packages to boost economies in a post COVID-19 world. During the pandemic, emissions levels dropped significantly, giving governments the opportunity to introduce green stimulus packages to mitigate the climate crisis. As of May 2020, France had committed almost 10 billion U.S. dollars in green stimulus packages. This includes environmental conditions for airline bailouts in addition to money to promote cycling and electric vehicles.

Green stimulus packages of select countries for post-COVID-19 recovery (in billion dollars)*

Characteristic	Stimulus funding in billion U.S. dollars
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Release date

June 2020

More information

Region

Worldwide

Survey time period

as of May 27, 2020

Supplementary notes

*Stimulus packages entail funding for the following initiatives for the countries outlined below:

France: Bailout for Air France-KLM SA with environmental conditions, plus money to promote cycling and electric vehicles.

China: Building new charging stations and other EV infrastructure, plus extending subsidies and tax exemptions for new energy vehicles.

U.K: Initiatives to promote cycling, walking, and other non combustion modes of transport, including a trial e-scooter rental program.

Canada: Creation of 10,000 jobs cleaning up abandoned wells and paying companies to reduce emissions.

Japan: Supporting the development of on-site renewable energy such as rooftop solar panels and mini-turbines.

South Korea: Subsidy for home solar arrays.

Italy: Green transportation vouchers to cover as much as 60 percent of the cost of bicycles, scooters, and cars for ride-sharing.

Switzerland: Additional funding for preexisting solar rebate program, aimed at meeting 2050 clean energy deadlines.

Pakistan: Hiring of newly unemployed for the 10 Billion Tree Tsunami drive to plant trees in rural areas.

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