- Against the backdrop of the ongoing Covid-19 crisis, International Energy Agency (IEA), in collaboration with NITI Aayog, presented a ‘Special Report on Sustainable Recovery’.
- Part of IEA’s flagship World Energy Outlook series, the report proposes a number of actions that could be taken over the next three years to revitalize economies and boost employment while making energy systems cleaner and more resilient.
- The current crisis should be used as an opportunity to make energy transitions smoother, faster, more resilient and affordable.
- IEA’s report, prepared in cooperation with IMF, details energy-focused policies and investments that could help
- Boost economic growth, create jobs and put emissions into structural decline while making energy systems lower-cost, secure and resilient.
- Post the 2008–09 financial crisis, green measures accounted for around 16% of the total stimulus measures.
- To recover from the pandemic, we must be even more ambitious and decisive towards clean investments.
- The key opportunities for India include increasing support for electric vehicles, continued investment in the power sector, and improving energy access in rural areas through improvements to the clean cooking programme.’
- The report mentions key sectors for creating jobs: electricity, transportation, buildings, industry and sustainable biofuels and innovations.
- A combination of policy actions and targeted investments will offer huge benefits to the economy and generate jobs.
