Recovery From COVID-19 Towards a Low-Carbon Economy – A Role for Accounting Technologies in Designing, Implementing, and Assessing Stimulus Packages

Abstract

Accounting technologies can be used to help stimulus packages achieve the twin goals of economic stimulus and climate mitigation. Utilizing an institutional logic perspective, we show that despite the massive financial consequences of climate change, the current climate response is dominated by the economising logic that justifies limited action. Further, despite its strong potential, accounting technologies are not extensively used in the design of stimulus packages. We develop a framework to explicitly integrate accounting technologies in the design, delivery and review of stimulus packages, thereby simultaneously enabling economic growth and social equity whilst addressing the climate crisis.

Keywords: green recovery, accounting technologies, institutional logics, Covid-19, stimulus package