Author: Baldursson, Friðrik Már

Publisher: Nordic Council of Ministers

Published: 2022-05-20

Total Pages: 91

ISBN-13: 9289373172

Available online: https://pub.norden.org/temanord2022-527/ This report assesses the “green stimulus” relevance of the covid-19 stimulus measures in the Nordic region. By green stimulus we mean measures that can achieve economic stimulus while also reducing greenhouse gas emissions and enhancing environmental and natural resource quality.All Nordic countries have implemented comprehensive covid-19 stimulus packages, amounting to between 2000 euro per capita in Finland to 4400 euro per capita in Denmark. We identified that at least 6-21 percent of the measures suit the definition as green stimulus in terms of decreasing greenhouse gas emissions. A lower share, at least 2-13 percent, contribute to increase greenhouse gas emissions. The picture is almost the same for the environment. The remaining measures are either assessed as not having any significant impact on emissions or the environment.

Author: Andersen, Torben M.

Publisher: Nordic Council of Ministers

Published: 2022-06-07

Total Pages: 229

ISBN-13: 9289371773

Available online: https://pub.norden.org/nord2022-001/ This issue of the Nordic Economic Policy Review surveys the economic repercussions of the COVID-19 pandemic and the health and economic policies introduced to minimise its impact in the Nordic countries. Although national policies were broadly similar, they also differed in many respects. Given that some enjoyed greater success than others, comparing different policies and their effects may yield valuable lessons for the future. The Nordic countries weathered the pandemic relatively well compared to most other high-income countries, both in terms of public health and economic repercussions. Infection and excess mortality rates were comparatively low in the Nordic Region, except in Sweden, where they relied more on recommendations and guidelines than mandatory measures to contain the spread of the virus. The fall in GDP was also comparatively small and short-lived in all the countries except Iceland, where tourism plays a more prominent role in the economy. Nordic Economic Policy Review (NEPR) aims to convey policy-relevant, up to date research on different economic issues. The review produces one issue per year, each time with a new topic and researchers. NEPR strives to make the latest economic research accessible to both decision-makers and a broader audience, as well as to contribute to Nordic knowledge exchange on economic policy issues and challenges.

Author: Tavonvunchai, Nata

Publisher: Nordic Council of Ministers

Published: 2022-05-25

Total Pages: 6

ISBN-13: 9289373431

Available online: https://pub.norden.org/nord2022-017/ The narrative of recovering from the impacts of COVID-19 by way of ‘building back better’ has dominated discussions on COVID-19 recovery. However, current efforts are lagging behind the IPCC’s recommendations. This report explores how the Nordic countries' recovery financing plans have been tied to "green" principles and what financial mechanisms could further support and ensure a greener recovery. The Nordic countries developed recovery plans with significant acknowledgement of the green transition in mind. The Nordic countries have supported economic recovery through a wide range of financial instruments. In the long term, fiscal reforms are necessary to embed climate-related criteria in economic growth. Moreover, it is also important to strengthen capacities to plan inclusive green transitions and monitor finance flows for its impact on the green transition.