Posted by: Windfair Editors
IEA: world in midst of 'uneven and unsustainable economic recovery'
Image: PixabayOfficial Press Release IEA:
Despite some increases in clean energy investment, world is in midst of ‘uneven and unsustainable economic recovery’ – with emissions set for 2nd largest rebound in history
New update of IEA’s Sustainable Recovery Tracker shows clean energy accounts for just 3% of recovery spending to date, with stark imbalance between advanced economies and developing world
Spending on clean energy amounts to 3% of the USD 16.9 trillion that governments have so far mobilised to bolster their economies from the recession triggered by the Covid-19 pandemic, according to the latest update from the International Energy Agency. The share is up from around 2% in July but still leaves global carbon dioxide (CO2) emissions on an upward trajectory, with this year set to be the second largest annual increase in history. Governments have increased the amount of their economic... ... More: Official Press Release IEA
- Keywords:
- IEA, sustainability, clean energy, green, economic revovery, COVID-19, government, spending, investment, emissions, CO2, decarbonisation
