In a $1 trillion per year pandemic recovery plan, the International Energy Agency said governments can spur economic growth and jobs at the same time as cutting greenhouse gas emissions. The recovery plan would provide policymakers with a roadmap to recovery and investment of $1 trillion/year globally is required in the 2021-2023 period.
The plan outlines measures that governments can take across six key sectors: transport, electricity, industry, fuels, buildings, and emerging low-carbon technologies. The plan sets out policies and targeted investments for each key sector. It also included measures to improve the efficiency of industrial equipment; make the production and use of fuels more sustainable; and boost innovation in technologies.
