Sustainability and development after COVID-19

•Before the pandemic progress toward some SDGs was lacking.•Post-pandemic here may be less financing for attaining the SDGs.•Affordable policies that meet several SDGs simultaneously are needed.•Fossil fuel and irrigation subsidy swaps to end water and energy poverty.•Tropical carbon tax to fund nat...

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Vydáno v:World development Ročník 135; s. 105082
Hlavní autoři: Barbier, Edward B., Burgess, Joanne C.
Médium: Journal Article
Jazyk:angličtina
Vydáno: Oxford Elsevier Ltd 01.11.2020
Elsevier Science Publishers
Pergamon Press Inc
Témata:
Alternative energy sources
Carbon taxes
Clean energy
Climate
Coronaviruses
Cost analysis
COVID-19
Criteria
Developing countries
Dissemination
Economic development
Economic incentives
Energy
Energy minerals
Energy policy
Environmental protection
Environmental tax
Epidemics
Fossil fuels
Green energy
Green technology
Incentives
Infrastructure
Investments
Irrigation
Irrigation water
LDCs
Natural climate solutions
Pandemics
Renewable energy
Rural areas
Rural communities
Sanitation
Sewer systems
Subsidies
Sustainability
Sustainable development
Sustainable development goals (SDGs)
Taxation
Viewpoint, Policy Forum or Opinion
Wastewater
Water supply
COVID-19
Developing countries
Natural climate solutions
Sustainable development goals (SDGs)
Sustainability
ISSN:0305-750X, 1873-5991, 0305-750X
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Shrnutí:•Before the pandemic progress toward some SDGs was lacking.•Post-pandemic here may be less financing for attaining the SDGs.•Affordable policies that meet several SDGs simultaneously are needed.•Fossil fuel and irrigation subsidy swaps to end water and energy poverty.•Tropical carbon tax to fund natural climate solutions. Developing countries are highly vulnerable to the COVID-19 pandemic, in part due to the lack of international support for ensuring progress towards the 17 Sustainable Development Goals (SDGs). Yet the mounting financial burden faced by all countries means that additional support is unlikely to be forthcoming in the near future. It is critical that developing countries find innovative policy mechanisms to achieve sustainability and development aims in a cost-effective manner. This requires identifying affordable policies that can yield immediate progress towards several SDGs together and aligns economic incentives for longer term sustainable development. We identify three policies that meet these criteria: a fossil fuel subsidy swap to fund clean energy investments and dissemination of renewable energy in rural areas; reallocating irrigation subsidies to improve water supply, sanitation and wastewater infrastructure; and a tropical carbon tax, which is a levy on fossil fuels that funds natural climate solutions. Such innovative and cost-effective policy mechanisms do not require substantial external support, and they foster greater progress towards achieving the SDGs in poorer economies.
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ISSN:0305-750X
1873-5991
0305-750X
DOI:10.1016/j.worlddev.2020.105082