Targeted green recovery measures in a post-COVID-19 world enable the energy transition

Article - July 6, 2022

This new paper presents scenarios that expore the medium- and long-term impact of the COVID-19 crisis and develops a Green Recovery scenario to analyze the impact of a low-carbon focused stimulus. The results show that a Green Recovery scenario, with 1% of global GDP in fiscal support directed to mitigation measures for 3 years, could reduce global CO2 emissions by 10.5–15.5% below pre-COVID-19 projections by 2030, closing 8–11.5% of the emissions gap with cost-optimal 2°C pathways.

Investment in RES, electric vehicles and energy efficiency lies at the heart of this effort but should be reinforced with sustained climate policies after 2023 to put the world on a 2°C pathway by mid-century.

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