As of December 2020, the production and consumption of fossil fuels without any climate targets or additional pollution reduction requirements received almost 226 billion U.S. dollars in economic stimulus packages in the global energy sector. Many governments have announced to spend billions in stimulus packages to boost economies in a post-COVID-19 world.
Economic stimulus packages announced in energy sector for a post-COVID-19 recovery, by source
(in billion U.S. dollars)
Characteristic
Stimulus funding in billion U.S. dollars
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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.
As “fossil conditional” if they support production or consumption of fossil fuels (oil, gas, coal, “blue” hydrogen or fossil fuel-based electricity) with climate targets or additional pollution reduction requirements.
As “clean unconditional” if they support production or consumption of energy that is both low-carbon and has negligible impacts on the environment if implemented with appropriate safeguards.
As “clean conditional” (“potentially clean”) if they are stated to support the transition away from fossil fuels, but unspecific about the implementation of appropriate environmental safeguards.
Policies outside of the two “fossil” and two “clean” buckets, or in both of them, fall under "other energy" category.
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GWEC. (February 8, 2021). Economic stimulus packages announced in energy sector for a post-COVID-19 recovery, by source (in billion U.S. dollars) [Graph]. In Statista. Retrieved July 27, 2024, from https://www.statista.com/statistics/1202090/global-green-recovery-stimulus-plans/
GWEC. "Economic stimulus packages announced in energy sector for a post-COVID-19 recovery, by source (in billion U.S. dollars)." Chart. February 8, 2021. Statista. Accessed July 27, 2024. https://www.statista.com/statistics/1202090/global-green-recovery-stimulus-plans/
GWEC. (2021). Economic stimulus packages announced in energy sector for a post-COVID-19 recovery, by source (in billion U.S. dollars). Statista. Statista Inc.. Accessed: July 27, 2024. https://www.statista.com/statistics/1202090/global-green-recovery-stimulus-plans/
GWEC. "Economic Stimulus Packages Announced in Energy Sector for a Post-covid-19 Recovery, by Source (in Billion U.S. Dollars)." Statista, Statista Inc., 8 Feb 2021, https://www.statista.com/statistics/1202090/global-green-recovery-stimulus-plans/
GWEC, Economic stimulus packages announced in energy sector for a post-COVID-19 recovery, by source (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1202090/global-green-recovery-stimulus-plans/ (last visited July 27, 2024)
Economic stimulus packages announced in energy sector for a post-COVID-19 recovery, by source (in billion U.S. dollars) [Graph], GWEC, February 8, 2021. [Online]. Available: https://www.statista.com/statistics/1202090/global-green-recovery-stimulus-plans/