IEA calls for $1tn annual investment to aid Covid-19 recovery plan
Join Our Newsletter - Get important industry news and analysis sent to your inbox – sign up to our e-Newsletter here
X

IEA calls for $1tn annual investment to aid Covid-19 recovery plan

19 Jun 2020

The International Energy Agency (IEA) has outlined a “sustainable recovery plan” to help the world’s economies recover from the Covid-19 pandemic, and transition to a cleaner energy mix, over the next three years.

The plan, published in its ‘Special Report on Sustainable Recovery’ and co-authored by the International Monetary Fund, makes a number of policy recommendations to national governments on how best to integrate sustainable power into their energy infrastructure, to aid in both economic development and economic protection. According to the IEA, should governments implement its suggestions, global economic growth will increase by 1.1% per year, save or create around nine million jobs per year, and reduce greenhouse gas emissions by 4.5 billion tonnes by the end of 2023.

Read more about the IEA report here.

Free Whitepaper

By clicking the “Submit” button above, you accept and acknowledge that your data will be used by Vega.

We will also collect and use the information you provide for carefully considered and specific purposes, where we believe we have a legitimate interest in doing so, for example to send you communications about similar products and services we offer. We will always give you an option to opt out of any future communications from us. You can find out more about our legitimate interest activity in our privacy policy here. ‘We’ includes Verdict Media Limited and other GlobalData brands as detailed here.