Today, the IEA presented a Sustainable Recovery Plan for the next 3 years that would enable governments to boost economic growth, create millions of jobs & make 2019 the definitive peak in global emissions.
Based on an analysis conducted with the International Monetary Fund, the plan offers a roadmap to achieve major results, including:
- Add 1 percentage point to global GDP growth each year
- Save or create roughly 9 million jobs a year
- Put global emissions into structural decline
Through over 30 specific energy policy actions & targeted investments, our plan would create jobs in key areas including:
- Deploying renewables like wind & solar
- Improving energyefficiency in buildings
- Upgrading & expanding electricity grids
The plan doesn’t tell governments what they must do. It shows them what they can do. It would require $1 trillion of investment a year, mainly from private finance mobilised by government policies.
IEA is working to build momentum for a sustainable recovery. At the IEA Clean Energy Transitions Summit on 9 July, we will bring together over 40 Ministers from countries representing over 80% of global energy use, as well as top CEOs, major investors & other key figures.