The International Energy Agency (IEA) released a ‘Sustainable Recovery Plan’ on June 18 that outlines the case for a $3-trillion global clean-energy stimulus plan over the coming three years to help repair the economic and employment damage caused by the Covid-19 pandemic. Produced in collaboration with the International Monetary Fund, the report argues that investing in shovel-ready solutions at a rate of $1-trillion a year from 2021 to 2023 could help lift global gross domestic product by 3.5% in 2023 above levels that would prevail absent the stimulus.
