Volume 18, Issue 6

International Energy Agency (IEA) has recently released a report titled ‘Sustainable Recovery Plan (SRP) 2021-23’, suggesting adoptions by the governments across the world to recover from all round impacts of the global COVID-19 pandemic. The plan comprises of three goals: to maintain and create jobs, boost economic growth, and improve energy sustainability and resilience. The real concerns of COVID-19 are confronting immediate health hazards – saving lives, restoring jobs for livelihood. The IEA estimated a spending requirement of around $1 trillion per year over the next three years. This plan would create nearly 9 million new energy-related jobs over the next three years. This compares with a figure of 6 million jobs at risk from the Covid-19 crisis in energy supply, efficiency and vehicles. But for all these, business must unlock, education must be business as usual.The SRP is not a ‘must do’ mandatory guideline, but seeks to show what can be done to better manage the recovery initiatives.

There cannot be any plan equally applicable to all countries as circumstances differ. However, the IEA considers that whether or not countries follow the measures laid out in the plan would remain the sovereign choice.


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