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Charting a “Green Path” for Recovery from COVID‑19

Should the economic recovery from the 2019 novel coronavirus disease (COVID-19) be green? The current crisis is so severe that we should not take the answer for granted. It requires serious thought and we start by reviewing some arguments for and against a green approach. A crucial element is of course to see how different industries fare in the current crisis. Our empirical contribution is to examine daily stock returns for firms from the STOXX Europe 600 index.

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They contribute only 0.03% of global carbon emissions, but small island developing states, particularly in the Pacific, are at extreme risk to the threats of climate change. Our study, published today in the journal Nature Climate Change, provides the first mega-assessment on