Climate change, energy transition and sustainable growth are long-standing global challenges. Today they are made even more crucial by the Covid-induced crisis which is urging to find the right balance between the much-needed global recovery and environmental targets. What are the key ingredients of a truly sustainable recovery? How to make this recovery even more consistent with the Paris Agreement objectives? What contribution can be expected from key countries? And what to expect from multilateral efforts and in particular from the Italian G20 in 2021?