The failure of governments and central banks to set out a green recovery from the coronavirus crisis is threatening to derail vital UN climate talks aimed at staving off global catastrophe, campaigners have warned. On Friday, the UK and the UN attempted to revive the stalled Cop26 climate talks, with a coalition of businesses committing to a Race for Zero, signing up to reduce their emissions to net zero by mid-century. Close to 1,000 businesses have joined the campaign, including household names such as Rolls-Royce and the food and drink majors Nestlé and Diageo. Mark Carney, former governor of the Bank of England and UN special envoy for climate and finance, said: “The transition to net zero is creating the greatest commercial opportunity of our time. Net zero targets must be underpinned by transition plans so that investors can assess which companies will seize the opportunities in the transition and which will cease to exist.” But rhetoric is not enough while central banks are still pouring money into propping up “business as usual”, according to campaigners.
Guardian 6th June 2020 read more »
Former Labour leader Ed Miliband is calling for a “zero carbon army” of young people to plant trees, install electric vehicle chargers and insulate homes, in a nationwide effort to cut carbon emissions and spur an economic recovery from Covid-19. Mr Miliband, who was appointed Shadow Business Secretary in Keir Starmer’s Shadow Cabinet, argues an ambitious green stimulus package is needed to prevent mass unemployment and rising emissions. He has unveiled plans for workers to be re-trained to work in green industries, from planting trees to installing low-carbon heating technologies, building windfarms, and manufacturing electric cars. “This is the future of our economy,” he told BBC Radio 4’s Today programme. “There are a massive number of green jobs to be done – what I call a zero carbon army.” Mr Miliband is not the first person to back a post-Covid green stimulus programme. Prince Charles this week described the pandemic as an opportunity for a “Great Reset” for the economy, calling for the recovery to focus on “sustainable employment”. Meanwhile, more than 200 UK businesses – including BT, ASDA, and IKEA – have called for a green jobs push in the aftermath of the pandemic. In an open letter to the government this week, the corporates argued a “clean, just recovery” that creates “quality employment” would make the UK more resilient to future economic shocks. Environmentalists are also, unsurprisingly, in favour of more support for green industries. Earlier this week climate charity WWF-UK published research arguing that a green recovery from Covid-19 would support at least 210,000 jobs across the country by 2030. Greenpeace wants stimulus spending focused on low-carbon transport, housing, buildings and nature. “For all of the suffering and sacrifice people have endured during this health crisis, it has provided us with a once in a lifetime opportunity to transform the way we live, travel and work – tackling the health, climate and nature crises all at the same time,” the charity’s executive director John Sauven said.
iNews 5th June 2020 read more »