Global government spending to support clean energy has increased by over USD 500 billion since March as the global energy crisis spurs new policies aimed at cutting reliance on fossil fuels, the IEA’s tracking of measures around the world shows.
This increase brings total amount of investment support that governments have allocated to clean energy since the start of the Covid-19 pandemic to USD 1 215 billion, according to the latest update of the IEA’s Government Energy Spending Tracker, which encompasses 1 600 government financial measures from 67 countries passed since March 2020.
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