IEA publishes $1trn a year COVID-19 recovery plan
The International Energy Agency (IEA) has published a $1trn (£0.8trn) a year investment plan to spur economic growth, create millions of jobs and put global emissions into structural decline after the coronavirus crisis.The Sustainable Recovery Plan integrates energy policies into COVID-19 responses over the next three years, accelerating the deployment of modern, reliable and clean energy technologies and infrastruc
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The climate targets of oil and gas majors rely heavily on emissions mitigation technologies (EMTs) that are expensive and unproven at scale, analysis by Carbon Tracker has uncovered.
Acoalition of NGOs and environmental groups have called on financial institutions to stop “propping up” the war in Ukraine by cutting ties with Russia’s fossil fuel industry. In a letter to CEOs, they call on insurers, banks and asset managers to end financing, investment, insurance coverage and other financial services to companies in the Russian industry, and divest from existing assets.
IEMA CEO, Sarah Mukherjee MBE, has described today's report from the Intergovernmental Panel on Climate Change (IPCC) as a "stark reminder" of the significant threat that climate change poses to civilisation as we know it.
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