Data and Analysis
Track the latest data and insights from the Energy Policy Tracker on economic stimulus packages for the energy sector around the world.
Announced Economic Stimulus Packages
To recover economically from the COVID-19 crisis, governments across the world are putting in place stimulus packages to support industries that will drive economic growth. The energy sector is a key industry to power economic activity, however, not all energy sources have the same potential to drive job and investment creation and contribute to building more resilient and sustainable economies.
Studies show that clean energy infrastructure construction generates twice as many jobs per $1 million spent as fossil fuel projects.
Source: Oxford Smith School of Enterprise and the Environment
As of December 2020, 29 major economies pledged $251 billion to fossil fuels in their recovery packages, or 53% of all public money committed to energy-intensive sector with clean energy accounting for only 35%. Find out more on the status of recovery packages across the world on a country-by-country basis in the graph below.
Polls show that globally, 71% of people believe that the climate crisis is as serious as the pandemic, and a majority in every country want a green economic recovery.
In addition to providing low-cost finance to wind and renewable energy sectors in stimulus packages, policies that accelerate renewable energy growth are crucial for a green recovery in the long-term. Find out more about the latest energy policies across the world in the table below.
The International Monetary Fund estimates that measures put in place for a sustainable recovery could boost global GDP by 3.5% in 2023 above usual levels.
Source: The International Monetary Fund (IMF)
About the Energy Policy Tracker
Energy Policy Tracker is an online database that tracks how the G20 and other governments are planning to rebuild, from a climate and energy perspective. The database is produced by around twenty independent research organizations from around the world. With this weekly-updated tool, you can explore public money commitments supporting the production and consumption of fossil fuels and clean energy in the resource, mobility, power generation and buildings sectors. Filter by country, energy type, finance mechanisms, and other categories to find out if we are really building back better.
Policies are classified as “fossil unconditional” if they support production and consumption of fossil fuels (oil, gas, coal, or fossil fuel-based electricity) without any climate targets or additional pollution reduction requirements.