University of Cambridge economists Dr Kamiar Mohaddes and Dr Nina Seega discuss the macroeconomic shock from the COVID-19 pandemic, the current trajectory of recovery investments, and how policymakers can respond to the need to invest to meet climate change commitments. They explore forecasted impacts of the pandemic on the global economy, challenges and opportunities for investing in a green economy, the economic costs of climate change, and messages for policymakers on prioritizing a green recovery.