Post by account_disabled on Feb 20, 2024 8:10:22 GMT
A new report from the We Mean Business Coalition, which has engaged dozens of companies in the global green recovery movement in recent months; models a “return to business as usual” scenario against a “global green recovery” scenario, in terms of cost to governments; greenhouse gas (GHG) emissions; economic returns and jobs created. In the green recovery scenario, political support is deployed at scale to: Energy efficiency. Wind and solar energy. The improvement of electrical networks. Planting trees. Electric vehicles (EV). In the latter case, the introduction of national car phase-out schemes in which subsidies are only granted to pure EVs is taken as a model. On emissions, the report warns that reductions caused by lockdown restrictions will not be sustained in a 'business as usual' scenario. Annual global emissions, in this case, would only be 2% lower in 2030 than in 2019, endangering the world's ability to comply with the provisions of the Paris Agreement. But in the green recovery scenario, annual global emissions are at least 7% lower. In terms of jobs, a green recovery scenario would mean no net loss of full-time equivalent roles across all nations assessed, while a return to normality would. The green recovery plan would allow the EU to host two million more jobs in 2024 and the figure would be around in the United States.
India would lead in job creation and retention, with strong markets for solar energy, energy efficiency and low-carbon cooling. The report recognizes the measures outlined by the EU and the UK to protect jobs in service-based sectors and to create jobs in the energy efficiency sector. The European Union last week launched a “shockwave” plan, while the UK has set aside £3bn to improve the Europe Cell Phone Number List efficiency of homes and public sector buildings. However, the analysis concludes that broader and more holistic support is needed to simultaneously address the socioeconomic impacts of the pandemic and the climate crisis. COVID-19 has revealed profound deficiencies in the way we consider systemic risk, and simply returning to pre-pandemic business as usual would be a failure to understand what lies ahead and would pile up new problems that we would be facing. even less prepared to face. The only viable way forward is a resilient, inclusive and climate-neutral recovery plan. Eliot Whittington, director of the European Corporate Leaders Group. A crossroads for green recovery The report comes as the EU is outlining more details on how its COVID-19 recovery package will be spent.
The bloc has linked the €750 billion package to a principle of “do no harm” to society and the environment. Similarly, the UK is expected to reveal new funding commitments by the end of the year. Although the Autumn Statement was canceled and the Winter Economic Update – unlike the Summer Economic Update – did not contain any specific measures for the green economy, policy frameworks, including the Buildings Strategy and the Heating and Energy Strategy, must out in the next few weeks. The London School of Economics (LSE) has also taken advantage of this opportune moment to publish a study on green recovery. Aligning recovery policies with net zero will ultimately create more and better jobs, and help the Conservative government, according to analysis by the University's Center for Economic Performance and the Grantham Institute on Climate Change and the Environment. in its mission to “level up” all parts of the United Kingdom.