Coronavirus updates – sustainable recovery “could create millions of jobs”


Sustainable recovery to create jobs, stimulate the economy and reduce emissions – IEA

A sustainable recovery from the global pandemic could create millions of jobs, boost the economy and put carbon emissions in “structural decline”, experts said.

The International Energy Agency (IEA) has defined a global recovery plan with measures ranging from manufacturing more energy-efficient homes and accelerating new wind and solar installations to putting more cycle paths in them cities.

Movements could change the world, cleaner and more resilient future energy systems, the IEA says.

An analysis done in collaboration with the International Monetary Fund (IMF) suggests that the policies and investments of 2021-2023 in its plan would boost economic growth and save or create nine million jobs a year.

It would also cut annual greenhouse gas energy from 4.5 billion tonnes by the end of the plan, stopping pollution from rebounding as the world recovers from the pandemic and instead of the coronavirus. structural blocking of emissions reductions.

Measures such as increasing the power of cars and trucks, biking and walking will also reduce air pollution and improve health, while investing in electricity systems would make them more safe and better able to withstand extreme weather conditions.

This would require public and private investment of one trillion dollars (£ 800 billion) per year, or about 0.7% of the world’s economic output (GDP), the IEA said.

The agency’s sustainable stimulus package includes more than 30 measures in the electricity, transportation, industry, buildings, fuel and emerging low-carbon technologies.

One of the most important ways to create jobs is by investing in renovating insulated buildings and other measures to make them more energy efficient.

Existing energy efficiency programs can be expanded and new projects can be ready in weeks or months, while investment targeting social housing or public buildings can help kick-start the sector.

It also offers lasting benefits by making homes more comfortable and cheaper to heat, cut people’s bills, reduce poverty and improve health.

Cycle building lanes and widening pedestrians could create more than half a million local jobs globally in the construction, immediate, short-term, and bicycle boom could help create 10 million jobs in manufacturing and retail.

A shift for cycling and walking can also improve health, reduce air pollution and increase shopping, the IEA says.

The IEA is also planning measures to modernize electricity grids, expand high-speed rail networks, invest in hydrogen and battery technology and phase out fuel subsidies fossils.

The sustainable revival of the plan comes as governments seek to restart their economies after the pandemic has seen countries locked down and huge drops in energy demand.

The IEA says three million jobs have been lost or are at risk in the energy sector due to Covid-19, and another three million dollars in related areas such as buildings, vehicles and Of the industry.

These bans have also resulted in large but potentially temporary – falls in carbon emissions, which must drop dramatically over the next few years to avoid dangerous climate change.

Dr Fatih Birol, Executive Director of the IEA, said: “Governments have a once-in-a-lifetime opportunity to restart their economy and bring a wave of new job opportunities, while accelerating the transition to greater resilience and a cleaner future energy. ”

He said the recovery plan gave them clear advice on how to tackle major economic, energy and climate challenges at the same time, and even if it was not meant to tell governments what they should do, he tried to tell them what they could do.

“This report presents the data and the analysis showing that a cleaner, fairer and more secure energy future is within our reach.

“The sustainable stimulus plan would make 2019 the definitive peak in global emissions, putting them on a path towards achieving long-term climate goals,” he said.


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