AUTHOR=Dafnomilis Ioannis , Chen Hsing-Hsuan , den Elzen Michel , Fragkos Panagiotis , Chewpreecha Unnada , van Soest Heleen , Fragkiadakis Kostas , Karkatsoulis Panagiotis , Paroussos Leonidas , de Boer Harmen-Sytze , Daioglou Vassilis , Edelenbosch Oreane , Kiss-Dobronyi Bence , van Vuuren Detlef P. TITLE=Targeted Green Recovery Measures in a Post-COVID-19 World Enable the Energy Transition JOURNAL=Frontiers in Climate VOLUME=4 YEAR=2022 URL=https://www.frontiersin.org/journals/climate/articles/10.3389/fclim.2022.840933 DOI=10.3389/fclim.2022.840933 ISSN=2624-9553 ABSTRACT=

Despite the significant volume of fiscal recovery measures announced by countries to deal with the COVID-19 crisis, most recovery plans allocate a low percentage to green recovery. We present scenarios exploring the medium- and long-term impact of the COVID-19 crisis and develop a Green Recovery scenario using three well-established global models to analyze the impact of a low-carbon focused stimulus. The results show that a Green Recovery scenario, with 1% of global GDP in fiscal support directed to mitigation measures for 3 years, could reduce global CO2 emissions by 10.5–15.5% below pre-COVID-19 projections by 2030, closing 8–11.5% of the emissions gap with cost-optimal 2°C pathways. The share of renewables in global electricity generation is projected to reach 45% in 2030, the uptake of electric vehicles would be accelerated, and energy efficiency in the buildings and industry sector would improve. However, such a temporary investment should be reinforced with sustained climate policies after 2023 to put the world on a 2°C pathway by mid-century.