Posted in: 20/07/2021 – 07:36
The International Energy Agency warned Tuesday that global emissions of carbon dioxide should reach a record level in 2023 and continue to rise beyond it, given the small share of clean energies in the post-Covid economic recovery plans.
In an analysis of these plans, the agency said that countries spent unprecedented amounts to confront the epidemic, but barely allocated 2% of the funds for the transition to clean energies.
At this point, the bulk of the $16,000 billion announced fiscal measures went to health expenditures and urgent support for businesses and families. About 2,300 billion dollars were allocated for economic recovery, including 380 billion dollars related to “sustainable” projects in the field of energy.
“Given current projections for public expenditures, carbon dioxide emissions are on track to reach record levels in 2023 and continue to rise in the following years,” the agency noted.
“Since the start of the Covid-19 crisis, many governments have indicated how important it is to build better for a healthier future, but many should turn words into action,” Agency Director Fatih Birol said.
© 2021 AFP