As governments contemplate additional economic stimulus they could advance their climate objectives by directing investment into clean energ, the IEA suggests AFP/Patrick PleulPARIS: Only massive investment in clean energy can help overcome the economic crisis caused by the novel coronavirus pandemic while setting the world on a path to meeting its objectives to slow climate change, the International Energy Agency said on Tuesday .
While the world economy has taken a knock it will only provide a temporary drop in emissions unless policies change sharply, the IEA warned. It calls for additional investment of US$1 trillion a year for the next three years towards improvements in energy efficiency, low-carbon power and electricity grids, and more sustainable fuels.
A number of nations have set targets to become carbon neutral in 2050, such as the EU, and for the first time the IEA has plotted out what would be necessary to achieve that goal worldwide.