Covid-19 crisis: Economic stimulus, international trade and environmental sustainability
- Focus WTO: The Quarterly Publication of Indian Institute of Foreign Trade
- 22(4), Oct-Dec, 2021: p.42-46
The short-term impact of Covid-19 on the environment is positive, as with the shutdown of economic activity carbon emissions have dropped. Once the crisis is over, emissions and environmental extremities are likely to rebound. Further, if the stimulus, packages announced by the government are not sustainable i.e. if the stimulus is not coupled with structural reforms of environmental standers, the reaction to this global crisis can be an inflexion, pain for other global climate threat which humanity may ace over a long term. – Reproduced
Covid-19, Green trade, Sustainability, Carbon emissions, Economic stimulus, Multilateralism