Momentum for a post-pandemic ‘green recovery’ continues, as the UK government and the European Commission set out steps to accelerate their recoveries, while supporting the paths to net zero by 2050. Here we round-up just some of the initiatives announced in recent weeks to achieve these goals.
Human hands holding earth globe and tree
Plans for preservation of biodiversity
Speaking on the 3rd June 2020, at the Organisation for Security and Cooperation in Europe (OSCE) Economic and Environmental Committee Meeting, the UK’s Second Secretary from the UK Delegation, Justin Addison, said; ‘As we recover, we have an opportunity to protect and restore nature, reducing our exposure to deadly viruses and climate impact.’
Highlighting the UK’s global outlook on addressing climate change, Addison added, ‘The UK will soon announce a £64 million package to support Colombia to tackle deforestation and build a cleaner and more resilient economy in areas affected by Covid-19 and conflict.’
As well as the UK’s efforts to preserve biodiversity, the European Commission will be looking to protect and restore biodiversity and natural ecosystems. Frans Timmermans, the European Commission’s Executive Vice President added that, ‘It can boost our resilience and prevent the emergence and spread of future virus outbreaks. We have now seen that this relationship between us and the natural environment is key to our health.’
Earth held in human hands
Enabling low-carbon solutions and boosting clean growth
In early June, a letter was sent to decision-makers across the European Union from more than 100 investors, urging the EU to ensure a green recovery from the covid-19 pandemic is delivered.
Investors are keen to ensure the government builds on The European Green deal to deliver a long term commitment that will accelerate the economy into one that is more green and carbon resilient post coronavirus.
The European Green deal, set out before the pandemic, details some of their targets including, a 50-55% emissions reduction by 2030; a climate law to reach net-zero emissions by 2050; a transition fund worth €100bn and a series of new sector policies to ensure all industries are able to decarbonise.
A shoot of a plant and planet Earth
To boost clean growth, the UK Government has recently launched a £40 million Clean Growth Fund that will ‘supercharge green start-ups’.
This fund will enable UK clean growth start-ups to scale up low-carbon solutions and drive a green economic recovery.
Potential examples of projects the fund could support include areas in power and energy, buildings, transport and waste.
Business Secretary Alok Sharma said: ‘This pioneering new fund will enable innovative low-carbon solutions to be scaled up at speed, helping to drive a green and resilient economic recovery.’