This tracker was developed with the support of the Italian G20 Presidency and the IEA Clean Energy Transitions Programme.Read more
IEA (2022), Sustainable Recovery Tracker, IEA, Paris https://www.iea.org/reports/sustainable-recovery-tracker
In this report
In response to the Covid-19 pandemic and the ensuing economic crisis, governments worldwide have mobilised an unprecedented amount of fiscal support aimed at stabilising and rebuilding their economies – now around USD 18.2 trillion.
Many countries have identified clean energy measures as a priority within their fiscal support measures. The IEA Sustainable Recovery Plan developed in 2020 in collaboration with the IMF, estimated that if governments mobilised USD 1 trillion in clean energy investments each year from 2021-2023, they would boost the global economy, create millions of jobs and put emissions onto a Paris-compliant trajectory. This near-term investment effort is aligned with the Agency’s Net Zero Emission Scenario.
The IEA Sustainable Recovery Tracker measures global recovery plans against this target level of spending by:
- Monitoring energy-related policies and government spending on clean energy measures by country and by sector in the wake of the pandemic
- Evaluating the actual impact on total public and private recovery spending on clean energy measures.
Until October 2021, the effect of sustainable recovery spending on global CO2 emissions trends, and global clean energy employment were also projected.
The Tracker relies on new, extensive policy analysis conducted by the IEA, including new modelling to estimate how much government spending mobilises private sector participation by region and measure type. Read more about this new methodology.
The Tracker is updated periodically to provide up-to-date assessments of how recovery plans are affecting clean energy investments and global emissions.