Category Archives: Green economy

French PM says jobs and green economy at heart of Covid recovery plan

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Jean Castex unveils €100bn plan aimed at returning France to pre-pandemic economic strength

France’s prime minister has stressed the importance of getting the country back on its feet within 18 months and “transforming” the French economy with a green makeover as he unveiled a €100bn (£89bn) coronavirus recovery plan.

Jean Castex outlined how France would spend its way out of the crisis, rather than create “social misery” through austerity measures, with a plan that had the environment, competitiveness and employment as its three pillars.

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France’s ‘big green recovery plan’ not big enough for campaigners

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A third of €100bn post-Covid package to be used for greener future, but critics say it falls short

Billed by the economy minister, Bruno Le Maire, as a “big green recovery plan”, one-third of France’s €100bn (£90bn) post-Covid economic stimulus package will be spent, in the government’s words, on “ecological transition” and “greening the economy”.

Environmental groups said the plan, presented on Thursday by the prime minister, Jean Castex, and other cabinet members, marked a welcome first step – but criticised a missed opportunity to break decisively with a growth-driven, high-carbon economy.

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Dutch city redraws its layout to prepare for global heating effects

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Measures include replacing 10% of Arnhem’s asphalt with grass to better cope with heat

The Dutch city of Arnhem is digging up asphalt roads and creating shady areas around busy shopping districts after concluding that the consequences of global heating are unavoidable.

Under a 10-year plan for the city unveiled on Wednesday, a new layout is proposed to better prepare residents for extreme weather conditions such as downpours, droughts and intense heatwaves.

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Governments put ‘green recovery’ on the backburner

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G20 countries aim their pandemic bailout spending at fossil fuel industries, leaving Paris climate change targets in doubt

Governments are spending vastly more in support of fossil fuels than on low-carbon energy in rescue packages triggered by the coronavirus crisis, new data has shown, despite rhetoric from many countries in support of a “green recovery”.

Data from the Energy Policy Tracker, a new research effort by several civil society groups, shows that at least $151bn (£120bn) of bailout cash has been spent or earmarked so far to support fossil fuels by the G20 group of large economies. Only about a fifth of this spending is conditional on environmental requirements such as reducing greenhouse gas emissions or cleaning up pollution.

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US to join summit on global green recovery from Covid-19 crisis

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Exclusive: IEA chief warns rebound in emissions would be missed economic opportunity

The US is to join with other major powers including China, India and the EU in formulating plans for a global green recovery from the coronavirus crisis, in the only major international summit on the climate emergency this year.

The idea of a green recovery to prevent a dangerous rebound in greenhouse gas emissions to above pre-Covid-19 levels has been gathering steam, but few governments have yet committed to plans.

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EU green recovery package sets a marker for the world

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The bloc is showing the way in rebuilding coronavirus-ravaged economies to fight the climate emergency

The European Commission has put down a marker for the world with its green recovery package. It sets a high standard for other nations, using the rebuilding of coronavirus-ravaged economies to tackle the even greater threat of the climate emergency, in principle at least.

With the world fast approaching the point when climate chaos becomes inevitable, how the trillions of recovery dollars – or euros – are spent is a use-it-or-lose-it moment, so what the EU does really matters. Climate change is a global crisis, meaning all nations must act and some must lead the way.

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UK companies to invest £12bn in switch to electric vehicles

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With a fuel duty rise expected in this week’s budget, a survey by Centrica finds businesses on course to move to cleaner cars and vans

British companies are expected to spend more than £12bn switching their fossil fuel vehicles for clean electric versions over the next two years.

A survey found that nearly half of UK businesses are planning to invest in chargeable cars and vans in advance of the government’s ban on sales of new internal combustion engine vehicles by 2035.

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Africa poised to lead way in global green revolution, says report

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Continent is set for massive urbanisation but can avoid relying on fossil fuels, says IEA

Africa is poised to lead the world’s cleanest economic revolution by using renewable energy sources to power a massive spread of urbanisation, says an IEA report.

The IEA, or International Energy Agency, predicts that solar energy will play a big role in supporting the continent’s growing population and industrialisation over the next 20 years.

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Fracking halted in England in major government U-turn

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Victory for green groups follows damning scientific study and criticism from spending watchdog

The government has halted fracking in England with immediate effect in a watershed moment for environmentalists and community activists.

Ministers also warned shale gas companies it would not support future fracking projects, in a crushing blow to companies that had been hoping to capitalise on one of the new frontiers of growth in the fossil fuel industry.

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Prince Charles calls on City finance to fight climate emergency

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Prince says private sector needs to lead with green investments towards sustainable economy

Prince Charles has called on the City of London to help protect the environment by investing trillions of pounds into green investments which help create a sustainable economy.

In an interview with the Evening Standard the heir to the British throne said big businesses and City investors must drive a rapid decarbonisation of the economy before the environmental crisis becomes “a total catastrophe”.

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