IEA presents Sustainable Recovery Plan to urge governments to decarbonize as part of COVID-19 recovery

June 22, 2020 |

In France, International Energy Agency presented a Sustainable Recovery Plan focusing on a series of actions that can be taken over the next three years to revitalize economies and boost employment while making energy systems cleaner and more resilient.

Set out in a Special Report on Sustainable Recovery from the IEA’s flagship World Energy Outlook series, the plan offers an energy sector roadmap for governments to spur economic growth, create millions of jobs and put global emissions into structural decline. By integrating energy policies into government responses to the economic shock caused by the Covid-19 crisis, the plan would also accelerate the deployment of modern, reliable and clean energy technologies and infrastructure.

In an analysis carried out in cooperation with the International Monetary Fund, the report shows that the set of policy actions and targeted investments over the 2021-2023 period that are outlined in the Sustainable Recovery Plan can achieve a range of significant outcomes, notably:

boost global economic growth by an average of 1.1 percentage points a year

save or create roughly 9 million jobs a year

reduce annual global energy-related greenhouse gas emissions by a total of 4.5 billion metric tons by the end of the plan

The IEA Clean Energy Transitions Summit on 9 July will gather ministers from countries representing 80% of global energy use, as well as industry CEOs, big investors and other key leaders from the public and private sectors around the world. The high-level virtual dialogue will review both near-term actions for sustainable recovery and measures to accelerate clean energy technology innovation for reaching long-term decarbonization plans.

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Category: Policy

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