For a cost of $US3 trillion spent over three years from 2021 the world could force greenhouse gas emissions into permanent decline and boost global economic growth by 1.1 per cent a year under a post-pandemic economic plan outlined by the International Energy Agency last night.
The analysis is being released as governments around the world begin the second phase of stimulus spending, designed to rebuild economies rather than simply respond to the unfolding crisis."Policymakers are having to make hugely consequential decisions in a very short space of time as they draw up stimulus packages," said Dr Birol.
According to the IEA's analysis, about 3 million jobs have already been lost or are at risk of being lost in the energy sector around the world, with a similar amount lost or at risk in related areas, such as manufacturing and construction. According to the report investment new clean energy has benefits that extend beyond the environment or the energy sector, because it boosts employment while delivering more affordable and reliable power to the wider economy.
npomalley The stakes are so high and the time so short that it is foolish to just throw money at the climate problem and hope for the best. It is key to *also* have a fast-falling hard cap on fossil fuel extraction, and mechanisms to help us adapt to that cap. See:
npomalley GGF
npomalley yeah some BS reported.
npomalley The solution!
npomalley Good luck with that
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