New community documentation portal released
News
In response to the Covid-19 pandemic and the ensuing economic crisis, governments worldwide have mobilised an unprecedented amount of fiscal support aimed at stabilising and rebuilding their economies – now around USD 18.2 trillion. Many countries have identified clean energy measures as a priority within their fiscal support measures. The IEA Sustainable
In response to the Covid-19 pandemic and the ensuing economic crisis, governments worldwide have mobilised an unprecedented amount of fiscal support aimed at stabilising and rebuilding their economies – now around USD 18.2 trillion.
Many countries have identified clean energy measures as a priority within their fiscal support measures. The IEA Sustainable Recovery Plan developed in 2020 in collaboration with the IMF, estimated that if governments mobilised USD 1 trillion in clean energy investments each year from 2021-2023, they would boost the global economy, create millions of jobs and put emissions onto a Paris-compliant trajectory. This near-term investment effort is aligned with the Agency’s Net Zero Emission Scenario.
The IEA Sustainable Recovery Tracker measures global recovery plans against this target level of spending by: