US to join summit on global green recovery from Covid-19 crisis

The Guardian | Jun 29, 2020 at 12:41 PM
  • 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.
  • 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.
  • The IEA summit on 9 July will be the only major meeting of governments to discuss the climate crisis this year.