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2020 ; 135
(ä): 105082
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Sustainability and development after COVID-19
#MMPMID32834381
Barbier EB
; Burgess JC
World Dev
2020[Nov]; 135
(ä): 105082
PMID32834381
show ga
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.