Carbon dioxide emissions will rise to a record high in 2023 and
continue rising afterward (FT) if countries implement their COVID-19 recovery plans as currently designed, a new
International Energy Agency (IEA) report projects. The IEA found that only around 2 percent of the global fiscal response to the pandemic is devoted to clean energy, far short of the investment needed to achieve net-zero emissions by 2050 and slow a rise in the global average temperature.
IEA Executive Director Fatih Birol will
present the findings (Guardian) to Group of Twenty (G20) energy ministers this week. The report comes as extreme weather events, such as flooding, wildfires, and heat waves, have pummeled countries around the world in recent weeks. At least
twenty-five people died (Reuters) and hundreds of thousands were evacuated from their homes amid flooding in recent days in China’s central Henan Province, where the city of Zhengzhou received
a year’s worth of rainfall (BBC) in three days.