SCI’s Green Recovery File: There are immense opportunities for those developing the technologies the world needs to move to its low-carbon future.
During the first week of September 2020, Japan hosted an international ministerial meeting to launch an online tool by which countries can share climate and other environmental policies as they develop their Green Recovery strategies.
Opening the online event, Japan’s Environment Minister Shinjirō Koizumi said that he hoped the new initiative would encourage greater actions ahead of next year’s COP26 meeting which will be held in the UK during November.
The so called Platform for Redesign 2020, will showcase policies and actions taken by national governments to contribute to a sustainable and resilient recovery from covid-19. The Platform is led by Japan’s Ministry of the Environment and supported by the United Nations Framework Convention on Climate Change (UNFCCC).
Addressing delegates Alok Sharma, the UK Government’s COP26 President and Secretary of State for Business Energy and Industrial Strategy said ‘There are immense opportunities for those developing the technologies the world needs to move to its low-carbon future. For example, Europe’s electric vehicle market grew by almost 50% between 2018 and 2019. And, globally, renewables are expected to attract 77% of all investment in electricity systems between now and 2050 – worth around US$10 million. There will never be a better [or a more important] time to invest in the green economy.’
Also in attendance; UK Government Minister of State Department of Business, Energy and Industrial Strategy Kwasi Kwarteng added ‘We’re committed to spending more than £2 billion on the industrial sector over eight years to help them reduce their emissions and energy bills…We’re interested in developing Direct Air Capture... We’re committed to Carbon Capture, Usage and Storage, which we aim to start deploying by the middle of this decade, and we want to share our findings and collaborate with other partners and friends across the world.’