Doubling down on renewable energy investment and energy transition spending is required to ensure a truly green global recovery from the Covid-19 crisis and its economic aftershock, claims the International Renewable Energy Agency.
September 30, 2020Max Hall
The International Renewable Energy Agency (IRENA) has used its annual renewable energy jobs report to urge governments to more than double annual investment in energy transition technology to almost $2 trillion from next year to 2023 so renewables employment can drive the global recovery from Covid-19.
The UAE-based international body said investment on that scale could generate 5.5 million new clean energy jobs by 2023, more than compensating for a million job losses in the fossil fuel industry over the same period. If the world