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Data: International Energy Agency; Chart: Thomas Oide/Axios

National governments are boosting clean energy funding in economic recovery packages, but not nearly enough to significantly alter the global emissions path, the International Energy Agency warns.

Driving the news: IEA's out with its latest "Sustainable Recovery Tracker," which tallies efforts to stitch climate-friendly spending into big COVID-19 rescue and recovery packages.

  • As of October, governments have earmarked $470 billion for clean energy in those plans, up 20% since the end of July.
  • "Recovery plans globally are still insufficient to put emissions into structural decline," IEA said.

The big picture: Since the pandemic's early days, IEA and other multilateral bodies have called for using the unprecedented fiscal response to bolster climate-friendly projects.

  • The latest data shows it's not happening even close to the degree advocates had hoped.

Yes, but: Green spending in recovery measures is hardly trivial, and IEA estimates it could "mobilize" another $400 billion annually in public and private investments in clean energy and sustainability in 2021-2023.

  • They also note new policies under consideration in the U.S., Japan and other advanced economies. But globally, it's well short of levels envisioned in IEA's "Sustainable Recovery Plan."

Go deeper

Watch: A conversation on infrastructure and sustainability

On Dec. 7 at 12:30pm ET, Axios co-founder Mike Allen and energy reporter Ben Geman take a look at the latest infrastructure bill's sweeping sustainability provisions and the plans to implement them, featuring Energy Secretary Jennifer Granholm, Sen. John Hickenlooper (D-Colo.) and United Airlines CEO Scott Kirby. Register.

Dan Primack, author of Pro Rata
28 mins ago - Politics & Policy

Trump social media group raises $1 billion from undisclosed investors

Illustration: Sarah Grillo/Axios

Donald Trump's social media startup on Saturday announced that it secured $1 billion in new investment as part of its ongoing efforts to become publicly traded via a blank check company.

Between the lines: None of the investors were identified, which is highly unusual for this sort of transaction.

Updated 2 hours ago - Health

Massage, facial, pedicure... intravenous drip?

A salon on the Upper East Side of New York that offers IV drip therapies. Photo: Jennifer A. Kingson/Axios

IV drips — the kind you might get if you're rushed to the hospital — are trending as a spa treatment, thanks in part to endorsements by celebrities like Kim Kardashian and Madonna.

Why it matters: Like other "wellness" trends with a whiff of medical imprimatur, IV nutrient drips can be harmless or mildly restorative — or go awry, particularly in the wrong hands.