Thread by @JoeriRogelj

Solving the #ClimateCrisis too expensive?
Think again.

#COVID19 recovery stimulus dwarfs green energy investment needs for a 1.5°C-compatible world

A thread on our new scientific analysis published in @ScienceMagazine

In the wake of the economic crisis caused by the #COVID19 pandemic, governments have pledged unprecedented amounts of economic recovery and stimulus.

We tally up all pledges and compare them to what we would need to transform the global energy system to #netzero by 2050 (2/n)

We show that the 12.2 trillion USD in pledged #COVID19 recovery is roughly double the amount of all low-carbon energy investments required globally over the next five years to put the world on track for a 1.5°C pathway. (3/n)

Comparing the 12.2 trillion USD #COVID19 recovery stimulus to the additional investments needed to move from our current global high-emission path onto a Paris-Agreement-compatible track shows the opportunity governments have today, as stimulus is eight times larger (4/n)

Governments first concern after this pandemic is to boost employment, scale rapidly and make their economies more resilient to future shocks.

We highlight how green investments provide exactly what governments are looking for. (5/n)

A climate-positive recovery guiding the world onto a path towards #netzero CO2 by 2050 is well within the #COVID19 budgets currently pledged.

We show the opportunity to keep warming to 1.5°C when recovering from this pandemic - but governments have to respond adequately (6/n)

A blog on the topic on @CarbonBrief, with @mAndrijevic

carbonbrief.org/guest-post-how…

The actual study (paywall - sorry):
science.sciencemag.org/content/370/65…