FT Energy Transition Strategies Summit Fireside chat: Inclusive growth in a post-pandemic world

Governments, businesses, and citizens across the world continue to grapple with the adverse effects of the COVID-19 pandemic. Yet renewable energy and the energy transformation have attracted the attention of the global community this year as investors, governments and businesses increasingly seek stability and long-term growth opportunities amid the uncertainty of COVID-19.

As IRENA indicates in its Post-COVID recovery: An agenda for resilience, development and equality, by placing the energy transformation at the heart of economic recovery packages, governments could create significant benefits – both in the short, and the medium to long-term – for global governments, boosting GDP and creating millions of new jobs.

To achieve this, transition-related investments should more than double to nearly USD 2 trillion in the period between 2021-2023 and then continue to grow to an annual average of USD 4.5 trillion in the decade to 2030.

To explore the opportunities of a green recovery and the degree to which global policy makers are responding to the opportunity to align recovery efforts with development and climate goals, IRENA Director-General Francesco La Camera participated in a fire-side chat with the Financial Times’ US Energy Editor Derek Brower, as a part of the FT’s Energy Transition Strategies Summit.