IEA: States should invest $3 trillion in sustainable energy

(EurActiv, 18 Jun 2020) The International Energy Agency (IEA) has presented its COVID-19 economic programme to facilitate the transition to an environmentally friendly energy economy. In doing so, it has distanced itself unusually clearly from the fossil market and is focusing entirely on renewables. EURACTIV Germany reports.

In its Special Report on Sustainable Recovery, the IEA presented a plan on Thursday (18 June) to boost the economy with the help of the energy sector from 2021 to 2023. It was drawn up together with the International Monetary Fund.

The report is addressed clearly to the 30 IEA member state governments. “The reason why we have been so quick with the report is that governments are now making decisions with huge implications within a short period of time,” said IEA Executive Director Fatih Birol.

The pandemic is a unique opportunity to sustainably transform energy systems. “But we at the IEA don’t live on another planet either. We know that many governments are currently concerned primarily about their economies and jobs,” said Birol.

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EurActiv, 18 Jun 2020: IEA: States should invest $3 trillion in sustainable energy