IEA outlines $3 trillion green recovery plan for world leaders to help fix the global economy – CNBC

Written by Sam Meredith

The International Energy Agency has laid out a $3 trillion green recovery plan, offering governments around the world a “once-in-a-lifetime” roadmap to sustainably rebuild their economies in the wake of the coronavirus pandemic.

The Sustainable Recovery report, published Thursday, is designed to present world leaders with cost-effective measures that could be implemented from 2021 through to 2023.

It sets out three main goals: spurring economic growth, creating jobs and building more resilient and cleaner energy systems.

“As they design economic recovery plans, policymakers are having to make enormously consequential decisions in a very short space of time,” Fatih Birol, executive director at the IEA, said in the report.

“These decisions will shape economic and energy infrastructure for decades to come and will almost certainly determine whether the world has a chance of meeting its long-term energy and climate goals.”

Read more here.

By Jessica Yap-Chung
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