02244cas a2200337 a 4500 AALejournalIMF022226 230101c9999 xx r poo 0 0eng d 5.00 USD 9781616357115 1018-5941 BD-DhAAL BD-DhAAL Deb, Pragyan. Creative Destruction During Crises : An Opportunity for a Cleaner Energy Mix / Pragyan Deb, Davide Furceri, Jonathan Ostry, Nour Tawk. Washington, D.C. : International Monetary Fund, 2021. 1 online resource (49 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Lockdowns resulting from the COVID-19 pandemic have reduced overall energy demand but electricity generation from renewable sources has been resilient. While this partly reflects the trend increase in renewables, the empirical analysis presented in this paper highlights that recessions result in a permanent, albeit small, increase in energy efficiency and in the share of renewables in total electricity. These effects are stronger in the case of advanced economies and when complemented with environment and energy policies-both market-based measures such as taxes on pollutants, trading schemes and feed-in-tariffs, as well as non-market measures such as emission and fuel standards and R and D investment and subsidies-to incentivize and hasten the transition towards renewable sources of energy. Mode of access: Internet Business Fluctuations imf Cycles imf Economic Development imf Financial Crises imf Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook imf Furceri, Davide. Ostry, Jonathan. Tawk, Nour. IMF Working Papers; Working Paper ; No. 2021/284 Full text available on IMF http://elibrary.imf.org/view/journals/001/2021/284/001.2021.issue-284-en.xml IMF e-Library