Allan, J.; et al. (2020): A net-zero emissions economic recovery from COVID-19. COP26 Universities Network Briefing
Allan, J.; Donovan, C.; Ekins, P.; Gambhir, A.; Hepburn, C.; Reay, D. et al. (2020): A net-zero emissions economic recovery from COVID-19. COP26 Universities Network Briefing. COP26. UK. Available online at https://www.gla.ac.uk/media/Media_758105_smxx.pdf.
„Key messages:
- Economic growth will be a high priority for all countries in the months and years following COVID-19. The transition to net-zero emissions can significantly contribute to the recovery.
- Lessons can be learnt from the recovery packages introduced following the 2008 financial crisis, but the COVID-19 crisis is structurally different on the demand and supply side.
- In the lead up to COP26, the UK could provide guidance and methodologies to evaluate proposed recovery packages for consistency with the Paris Agreement and net-zero emissions.
- The UK could lead by example with a recovery package including components on net-zero buildings, energy storage, clean industry, transport and greenhouse gas removal.
- Institutionally, this could be supported by establishing a ministerial Climate Change Emergency Committee along with a Net Zero Delivery Body to implement a coherent response.
- Financially, a new National Investment Bank and focus on green financial instruments could enable the process.
- Building on these domestic efforts, as COP26 President, the UK could coordinate a global response through a new flexible intergovernmental Sustainable Recovery Alliance.“