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Illustration: Sarah Grillo/Axios

Governments can create millions of jobs and put carbon emissions into a "structural decline" with a three-year, $3 trillion push to stitch climate-friendly energy into pandemic response packages, the International Energy Agency said Thursday.

Why it matters: The analysis, crafted with the International Monetary Fund, is an effort put analytical weight behind the push for "green" economic recovery measures.

The big picture: The report looks at potential job creation across an array of energy sectors, floating policy ideas around power, transportation, industry,  buildings, fuels and  "emerging low‐carbon technologies."

  • Overall, they see the "sustainable recovery plan" creating or saving 9 million jobs annually worldwide over three years, while adding over 1% annually to global economic growth.
  • Most of the $3 trillion would come from private finance "mobilized" by government policies, according to IEA head Fatih Birol, who is tweeting about the findings.
  • If enacted, the plan would mean that 2019 was the "definitive peak" in global emissions, IEA said.

Where it stands: IEA points out that globally, energy has not yet been a prominent part of the trillions of dollars of economic response packages worldwide, which have been more focused on emergency stabilization.

  • But it's part of some plans, including some European nations looking to boost electric vehicle sales and make aviation cleaner, and low-carbon energy provisions in recently proposed EU-wide recovery plan.
  • The site Carbon Brief is doing yeoman's work compiling a detailed compendium of energy and climate provisions in pandemic response packages.

What's next: IEA is trying to organize a global coalition behind the idea and convening a July 9 meeting of government officials from dozens of nations, CEOs, investors and others.

Go deeper: IEA outlines three-year plan for sustainable recovery (S&P Global Platts)

Go deeper

Ben Geman, author of Generate
Sep 25, 2020 - Politics & Policy

Why ending the filibuster might not guarantee big climate legislation after a blue wave

Illustration: Sarah Grillo/Axios

If Democrats win the Senate and White House, ending the filibuster would lower the huge hurdles before climate legislation. But there could be other knock-on effects.

The intrigue: Big climate legislation would hardly be a guarantee, given resistance among Democrats from fossil fuel-producing states, according to a wide-ranging election look-ahead note from ClearView Energy Partners.

Ben Geman, author of Generate
Sep 24, 2020 - Energy & Environment

California war over gas-free cars

Illustration: Eniola Odetunde/Axios

The fate of California's aggressive moves to wring carbon emissions out of transportation could depend heavily on the election and the shape of the Supreme Court.

Why it matters: California is the country's largest auto market and transportation is the country's largest source of CO2.

Neera Tanden withdraws nomination for Office of Management and Budget director

Neera Tanden testifying before the Senate Budget Committee in Washington, D.C., in February 2021. Photo: Anna Moneymaker/The New York Times/Bloomberg via Getty Images

Neera Tanden withdrew her name from nomination to lead the Office of Management and Budget after several senators voiced opposition and concern about her qualifications and past combative tweets, President Biden announced Tuesday.

Why it matters: Tanden’s decision to pull her nomination marks Biden's first setback in filling out his Cabinet with a thin Democratic majority in the Senate.