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Lookup NU author(s): Professor Katharine Rietig
This is the authors' accepted manuscript of a report that has been published in its final definitive form by Written evidence submitted to the Committee on Business, Energy and Industrial Strategy, 2020.
For re-use rights please refer to the publisher's terms and conditions.
Combining post-pandemic economic growth with a socially inclusive transition to a low/zero carbon economy provides a wealth of benefits while inevitable challenges need to be addressed to maintain public support. Taking a holistic approach based on the Sustainable Development Goals, mutual learning and capacity building will be crucial. This includes avoiding and mitigating unintended consequences brought on by the challenges of new technologies/Artificial Intelligence and job losses in fossil-fuel based industries while providing carefully designed policy incentives for low carbon investments to scale up and accelerate the transition. Divesting, removing fossil fuel subsidies and carbon pricing can unlock the financial resources required for a socially just transition. The UK can ensure successful Covid-19 recoveries through low/zero carbon economic transitions and the necessary policy stability by embedding climate policies across sectors, building policy resilience to financial/economic/health/political crises, incentivising civil society contributions and adhering to ambitious long-term targets towards 2050 and beyond.
Author(s): Rietig K
Publication type: Report
Publication status: Published
Series Title: UK House of Commons
Year: 2020
Acceptance date: 01/09/2020
Institution: Written evidence submitted to the Committee on Business, Energy and Industrial Strategy
