The aligns the country¡¯s short-term recovery needs with resilient, low-carbon, long-term development to study the effects of climate change on Lebanon¡¯s recovery and development objectives. It builds on quantitative modeling-based analytics, existing research and country diagnostics, and extensive stakeholder consultations.
The CCDR examines four key sectors ¨C Energy, Water, Transport and Solid Waste ¨C as key pillars of a climate-responsive recovery. Two macroeconomic baseline scenarios ¨C a business-as-usual ¡°muddling through¡± scenario and a broad reforms-based recovery scenario ¨C underline the report¡¯s findings. The first assumes continuation of inaction on reforms, absence of fiscal space, and a banking sector that is incapable of providing financing to the private sector. The recovery scenario assumes that macro-fiscal reforms will be adopted that will gradually ease financing constraints and increase fiscal space.