Building Back Better: How Big Are Green Spending Multipliers?

摘要: This paper provides estimates of output multipliers for spending in clean energy and biodiversity conservation, as well on non-ecofriendly land use activities. Using a new international dataset, we find that every dollar spent key carbon-neutral or carbon-sink activities can generate more than dollar’s worth economic activity. Although not all green expenditures the dataset are strictly comparable due to data limitations, estimated associated with renewable fossil fuel investment comparable, former (1.1-1.5) larger latter (0.5-0.6) over 90 percent probability. These findings survive several robustness checks lend support bottom-up analyses arguing stabilizing climate reversing loss at odds continuing advances.