Putting green jobs at the heart of the COVID-19 recovery could help level-up the UK’s net zero commitment according to a new report. Researchers from the London School of Economics’ Centre for Economic Performance (CEP) and the Grantham Research Institute on Climate Change and the Environment highlighted six key areas where the government could invest, creating both jobs and decarbonisation. These include renewable power generation, distribution and storage, electric vehicle (EV) production and charging infrastructure and carbon capture, use and storage (CCUS), as well as green hydrogen.
Current 19th Oct 2020 read more »
If all major nations developed strong plans for a green recovery from Covid-19, global annual emissions would be 7% lower in 2030 than in 2019 and millions of new jobs would be created in sectors including energy, transport and materials. That is according to a new report from the We Mean Business Coalition, which has been engaging dozens of corporates with the global green recovery movement over the past few months. The report models a ‘return to business-as-usual’ scenario against a green recovery scenario globally, in terms of cost to governments; greenhouse gas (GHG) emissions; economic returns and jobs created. In the green recovery scenario, policy supports are rolled out at scale for energy efficiency; wind and solar power; upgrading electricity grids; tree planting and electric vehicles (EVs). On the latter, the introduction of national car scrappage schemes in which subsidies are only provided to pure EVs is modelled.
Edie 19th Oct 2020 read more »