‘Historic opportunity’ – Climate Weekly

Source: ‘Historic opportunity’ – Climate Weekly

In 2009, the United Nations called for a “Global Green New Deal” to break dependence on fossil fuels and create sustainable jobs after the financial crisis ravaged the world economy.

Under the plan, UN Environment urged massive investments in energy efficiency for buildings, a boost for wind and solar energy, cuts in fossil fuel subsidies and a host of other measures. It reckoned the bill would amount to 1% of global GDP, or about $750 billion.

But the global economy rebounded, still reliant on fossil fuels, despite efforts to diversify. Carbon dioxide emissions grew by a huge 5.8% in 2010, after a 1.4% dip in 2009, and have risen most years since.

Will the coronavirus pandemic, which has killed more than 10,000 people worldwide, offer a new chance to shape a greener, more sustainable world when the economy revives?

Read Chloé Farand’s insightful interview with Fatih Birol, the head of the International Energy Agency, in which he says governments have a “historic opportunity” to usher in an era of climate action when they design long-term stimulus packages.

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