Pandemic recovery to push greenhouse emissions to all-time high: IEA

LONDON (Reuters) – The global rebound from the COVID-19 pandemic is set to drive emissions of greenhouse gases that stoke climate change to all-time highs, the Paris-based International Energy Agency said in a report on Tuesday.

“We estimate that full and timely implementation of the economic recovery measures announced to date would result in CO2 emissions climbing to record levels in 2023, continuing to rise thereafter,” it said.

Energy-related CO2 Emissions https://fingfx.thomsonreuters.com/gfx/mkt/jnvweggaqvw/co2emissions.PNG

Spending plans for clean energy allocated by governments around the world in the second quarter add up to $380 billion, making up just 2% of their total stimulus funds in response to the pandemic, the IEA said.