Context

Against the backdrop of the ongoing Covid-19 crisis, International Energy Agency (IEA), in collaboration with NITI Aayog, presented a ‘Special Report on Sustainable Recovery’.

About

• It is a part of IEA’s flagship World Energy Outlook
• The report proposes a number of actions that could be taken over the next three years to revitalize economies and boost employment while making energy systems cleaner and more resilient.
• It details energy-focused policies and investments that could help to-
  • boost economic growth
  • create jobs
  • put emissions into structural decline while making energy systems lower-cost, secure and resilient

International Energy Agency The International Energy Agency is a Paris-based autonomous intergovernmental organisation. It was established in the framework of the Organisation for Economic Co-operation and Development (OECD) in 1974 in the wake of the 1973 oil crisis.

Key-sectors for creating jobs:

• The report mentions key sectors for creating jobs:
  • Electricity
  • Transportation
  • Buildings
  • Industry
  • Sustainable biofuels and innovations
• A combination of policy actions and targeted investments will offer huge benefits to the economy and generate jobs.