Integrating climate change and biodiversity into the response to COVID-19: Bailout measures

This note is part of a series looking at climate change and biodiversity considerations in economic responses to COVID-19.

It argues that governments should use three complementary strategies to align their bailout packages: 

• Governments should clearly set out any commitments they expect firms receiving assistance to uphold. 

• Governments should ensure the strength of those commitments (i.e. the benefits to the public) are commensurate to the public support being provided (i.e. the costs to the public).

• Governments should consider medium and long term ecological transition and physical risks when deciding the scale and duration of support.