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Clean energy stimulus could help nations recover from pandemic, says renewables agency

The agency said that investments should focus on renewables, energy efficiency and electrification.LONDON (REUTERS) – Governments could chart a path to a fully decarbonized energy system by the middle of the century and revive economies hit by the coronavirus if they tailor stimulus packages to boost clean energy technologies, according to a report published on Monday (April 20).

 

With governments adopting massive stimulus packages to blunt the shock of the virus, calls are building for a “green recovery”. A group of 180 European politicians, companies, lawmakers and campaigners last week urged the EU to align its economic rescue measures with climate goals.

 

In its inaugural annual Global Renewables Outlook, the Abu Dhabi-based International Renewable Energy Agency (Irena) said choices by governments would help decide whether the pandemic served to delay or accelerate a low-carbon transition.

 

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