TY - BOOK ID - 137023852 TI - Building Back Better: How Big Are Green Spending Multipliers?. PY - 2021 SN - 1513577662 PB - Washington, D.C. : International Monetary Fund, DB - UniCat KW - United States KW - Business logistics KW - Clean energy. KW - Green movement. KW - Expenditures, Public. KW - Environmental aspects. KW - United States. KW - Macroeconomics. KW - Economics: General. KW - International Economics. KW - Energy. KW - Natural Resources. KW - Environmental Conservation and Protection. KW - Bayesian Analysis: General. KW - National Government Expenditures and Related Policies: General. KW - Environment and Growth. KW - Agricultural and Natural Resource Economics. KW - Environmental and Ecological Economics: General. KW - Sustainable Development. KW - Renewable Resources and Conservation: General. KW - Energy and the Macroeconomy. KW - Environmental Economics: General. KW - Alternative Energy Sources. KW - Nonrenewable Resources and Conservation: General. KW - Ecological Economics: Ecosystem Services. KW - Biodiversity Conservation. KW - Bioeconomics. KW - Industrial Ecology. KW - Climate. KW - Natural Disasters and Their Management. KW - Global Warming. KW - Economic & financial crises & disasters. KW - Economics of specific sectors. KW - Environmental management. KW - Conservation of the environment. KW - Climate change. KW - Financial crises. KW - Economic sectors. KW - Environment. KW - Renewable energy. KW - Renewable resources. KW - Non-renewable resources. KW - Environmental protection. KW - Greenhouse gas emissions. KW - Currency crises. KW - Informal sector. KW - Economics. KW - Renewable energy sources. KW - Greenhouse gases. KW - Energy conservation. UR - https://www.unicat.be/uniCat?func=search&query=sysid:137023852 AB - This paper provides estimates of output multipliers for spending in clean energy and biodiversity conservation, as well as for spending on non-ecofriendly energy and land use activities. Using a new international dataset, we find that every dollar spent on key carbon-neutral or carbon-sink activities can generate more than a dollar’s worth of economic activity. Although not all green and non-ecofriendly expenditures in the dataset are strictly comparable due to data limitations, estimated multipliers associated with spending on renewable and fossil fuel energy investment are comparable, and the former (1.1-1.5) are larger than the latter (0.5-0.6) with over 90 percent probability. These findings survive several robustness checks and lend support to bottom-up analyses arguing that stabilizing climate and reversing biodiversity loss are not at odds with continuing economic advances. ER -