Emissions could hit new record by 2023 without more green spending
Emissions could hit new record by 2023 without more green spending
Less than 15% of the $2.4 trillion in government spending to support the post-pandemic economic recovery has gone to investments in clean energy, according to the International Energy Agency.
“It’s a good start,” said Fatih Birol, executive director of the IEA, “but the money is not sufficient” to the put the world on a path to net-zero emissions by 2050.
The majority of the $380 billion in green spending is happening in advanced economies, when it should be helping accelerate the transition to clean energy in emerging countries.
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