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Carbon emissions to reach record levels in 2023 as stimulus spending fails to match net-zero …

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The financial resources allocated by governments globally to clean-energy measures in response to the Covid-19 crisis currently represents only 2% of the $16-trillion in total fiscal support set aside for economic stimulus, the International Energy Agency’s (IEA’s) new Sustainable Recovery Tracker shows. The $380-billion announced to support clean-energy actions as of the end of the second quarter of 2021 is set to be supplemented by an additional $350-billion a year between 2021 and 2023.

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