The COVID-19 recession is coming, and federal and state governments are expected to spend more money to stimulate economic growth. Done well, this can make Australia’s economy more productive, improve quality of life and help the low-carbon transition.
In a paper released today, we’ve developed criteria to help get this investment right. The idea is to stimulate the economy in a way that creates lasting economic value, reduces greenhouse gas emissions and brings broader social benefits.
Governments will be called on to invest. In this article, we investigate how stimulus spending on infrastructure can simultaneously achieve environmental, economic and social goals.