We'll be there to stymie it

The US is to join with other major powers including China, India and the EU in formulating plans for a global green recovery from the coronavirus crisis, in the only major international summit on the climate emergency this year.

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Next week, the International Energy Agency (IEA) will host an online summit for the world’s biggest economies as well as developing countries, covering 80% of global emissions. It aims to set out plans for boosting renewable energy, energy efficiency and other emissions-cutting projects that would generate tens of millions of “shovel-ready” green jobs around the world to replace those lost in the pandemic.

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The idea of a green recovery to prevent a dangerous rebound in greenhouse gas emissions to above pre-Covid-19 levels has been gathering steam, but few governments have yet committed to plans.

If they fail to do so in the next few months, the economic recovery from the Covid-19 crisis risks locking in high carbon emissions that would lead to climate catastrophe.

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The IEA summit on 9 July will be the only major meeting of governments to discuss the climate crisis this year, because the UN Cop26 summit has been postponed to next year due to the pandemic. US participation is crucial, because the White House is pulling out of the Paris agreement, with effect from 4 November, the day after the presidential election.

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Birol fears a rerun of the recovery after the financial crisis of 2008, when emissions declined sharply in the recession but quickly returned to levels much higher than before, as governments invested in coal-fired power plants, constructed inefficient buildings, and rolled out road-building schemes.

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Research has already found that pursuing a green recovery would create more jobs and a greater return on investment in both the short and the long term than a return to business as usual.

  Guardian

Surely it's a liberal hoax.