Insights

A deep dive into critical issues using data and analysis to support evidence-based decision making

Lighthouse against a starry night backdrop. Photo by Nathan Jennings.

How are Countries Investing in Recovery?

The Global Recovery Observatory brings transparency to global government spending during the COVID-19 crisis. The Observatory is designed to showcase policy solutions and identify investment opportunities for governments and partners that are more impactful and sustainable.

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COVID-19 stock market impact

Looking at the U.S. stock market through the lens of the Dow, we can see that the market was already in decline in response to growing uncertainty around COVID-19. By mid-March 2020, the Dow had reached its lowest point, registering a 2,999 points’ drop in a single day.

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Assessing COVID impacts on the SDGs

Investments in recovering from COVID-19 need to focus on sustainable jobs and sectors. Recent findings show that non-fossil fuel technologies create more jobs per unit energy than coal and natural gas. The International Renewable Energy Agency (IRENA) estimates that decarbonizing the world economy by 2050 would boost cumulative global GDP gains by US$98 trillion between now and 2050, quadrupling renewable energy jobs to 42 million, with higher gender parity than traditional sectors.

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SDGs X Covid-19 – Climate Action

Investments in recovering from COVID-19 need to focus on sustainable jobs and sectors. Recent findings show that non-fossil fuel technologies create more jobs per unit energy than coal and natural gas. The International Renewable Energy Agency (IRENA) estimates that decarbonizing the world economy by 2050 would boost cumulative global GDP gains by US$98 trillion between now and 2050, quadrupling renewable energy jobs to 42 million, with higher gender parity than traditional sectors.

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SDGs X Covid-19 – Gender Equality

COVID-19 threatens to undo many of the gains on gender equality over the past 25 years. In 2021, it is expected there will be 118 women in poverty for every 100 poor men globally, and this could rise by 2030. With bold policies to boost women’s economic empowerment, we can reduce poverty and advance progress across the SDGs. Investments in care services, education and skills are critical for economies of the future.

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The Impact of COVID-19 on Climate Ambition

The COVID-19 crisis has delayed many countries’ efforts to advance the process to revise their climate pledges (NDCs) under the Paris Agreement. At the same time, many are seizing the opportunity to leverage NDC processes to guide green recovery and sustainable development.

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SDGs X Covid-19 – Social Protection

Social protection is an important investment to advance human development and create access for everyone to quality basic services, including universal health care. Three things help drive action on social protection: first, go beyond income to understand who to target; second, create fiscal space to invest in social protection; third, make digital the default.

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