The research focuses on six key areas in which the government can rebuild, whilst at the same time providing a fast-track to the ambitions to be net zero emissions by 2050. With Prime Minister Boris Johnson promising to ‘build back greener’ in the wake of the pandemic, the London School of Economics paper suggests that the focus should be on renewable energy, electric vehicles, home energy efficiency, tree planting, carbon capture and green travel. The ambitious plan suggests that the government should create a national investment bank with the sole focus of backing net zero projects. The report says: “The UK has made a strong start, setting out commitments to energy efficiency in buildings and offshore wind, but a step-change is needed given the scale of the challenge. “With global demand for cleaner and more environmentally-friendly products and technologies set to increase rapidly in the coming decades, countries that take early action to develop green innovation and production capabilities are likely to reap significant growth benefits.” A separate publication has also called for green-thinking from the country’s policymakers. The ‘We Mean Business Coalition’ has said that traditional stimulus measures which target VAT and household spending would miss the target, while a green recovery plan could result in two million jobs in the EU.
The UK Steps Up its Commitment to Carbon Reduction: A Path Towards the 1.5°C Goal
The UK’s prime minister, Sir Keir Starmer, tells the COP29 climate conference he is committed…