“IEA chief warns rebound in emissions would be missed economic opportunity”
“The US is to join with other major powers including China, India and the EU in formulating plans for a global green recovery from the coronavirus crisis, in the only major international summit on the climate emergency this year.
The idea of a green recovery to prevent a dangerous rebound in greenhouse gas emissions to above pre-Covid-19 levels has been gathering steam, but few governments have yet committed to plans.
If they fail to do so in the next few months, the economic recovery from the Covid-19 crisis risks locking in high carbon emissions that would lead to climate catastrophe.
Next week, the International Energy Agency (IEA) will host an online summit for the world’s biggest economies as well as developing countries, covering 80% of global emissions. It aims to set out plans for boosting renewable energy, energy efficiency and other emissions-cutting projects that would generate tens of millions of “shovel-ready” green jobs around the world to replace those lost in the pandemic.”