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Sustainable infrastructure

Although it is readily apparent that much effort is needed to repair the economic damage inflicted by the Coronavirus epidemic, an immediate return to business as usual could be environmentally harmful, as shown by the 2007-08 financial crisis in the United States. While the ensuing economic slowdown reduced global greenhouse gas emissions in 2009, emissions reached a record high in 2010, partially due to governments' implemented economic stimulus measures with minimal consideration of the environmental consequences. The concern is whether this same pattern will repeat itself. The post-COVID-19 period could determine whether the world meets or misses the emissions goals of the 2015 Paris Agreement and limits global warming to 1.5 degrees C to 2 degrees C.

As a result of the COVID-19 epidemic, a host of factors could jeopardize a low-carbon recovery plan: this includes reduced attention on the global political stage (2020 UN Climate Summit has been postponed to 2021), the relaxing of environmental regulations in pursuit of economic growth, decreased oil prices preventing low-carbon technologies from being competitive, and finally, stimulus programs that take away funds that could have been used to further the process of decarbonization. Research suggests that a recovery plan based on lower-carbon emissions could not only make significant emissions reductions needed to battle climate change, but also create more economic growth and jobs than a high-carbon recovery plan would. A study published in the Oxford Review of Economic Policy, more than 200 economists and economic officials reported that "green" economic-recovery initiatives performed at least as well as less "green" initiatives. There have also been calls for an independent body could provide a comparable assessment of countries' fiscal policies, promoting transparency and accountability at the international level.

In addition, in an econometric study published in the Economic Modelling journal, an analysis on government energy technology spending showed that spending on the renewable energy sector created five more jobs per million dollars invested than spending on fossil fuels. Since sustainable infrastructure is more beneficial in both an economic and environmental context, it represents the future of infrastructure. Especially with increasing pressure from climate change and diminishing natural resources, infrastructure not only needs to maintain economic development and job development, and a high quality of life for residents, but also protect the environment and its natural resources.