Navigation Links
Saving the economy and saving the planet
Date:4/21/2009

The potential economic benefits offered by the green economy in the current economic downturn will be explored on Budget Day by three leading experts in the fields of economics and environmental research: Dr Alex Bowen, of the LSE's Grantham Research Centre, Professor Paul Ekins of Kings College, London and Dr Ralf Martin part of the ESRC's Centre for Economic Performance.

Is the recession an opportunity to move away from some traditional, and environmentally unfriendly, industries to cleaner, greener industries to create new and sustainable employment? The potential economic benefits offered by the green economy in the current economic downturn will be explored on Budget Day by three leading experts in the fields of economics and environmental research: Dr Alex Bowen, of the LSE's Grantham Research Centre, Professor Paul Ekins of Kings College, London and Dr Ralf Martin part of the ESRC's Centre for Economic Performance.

Research Economist, Ralf Martin, proposes an interesting opportunity for the Chancellor to consider in the forthcoming budget, commenting: "If the revenue raised through carbon taxation or auctioning of carbon permits is used to reduce payroll taxes then climate change policy would not only address climate change but indeed would act as a direct stimulus package without straining the government's budget."

Professor Paul Ekins is Professor of Energy and Environment Policy at Kings College, London. He states that public policy needs to act on four fronts to ensure that the UK comes out of the recession better able to respond to low-carbon and climate change agendas.

"First, any fiscal stimulus in the Budget will have to be far more low-carbon oriented. There is no reason why all the public investment in any fiscal stimulus package should not support low-carbon objectives. Second, the stimulus will need to support employment. The greatest opportunity here is in labour-intensive measures to increase energy efficiency in the building stock."

"The Budget will also need to incentivise private investment in low-carbon opportunities," he added. "And, finally, it should clearly signal an environmental tax reform that will give a robust price to carbon across the economy."

Professor Ekins is joined by Dr Alex Bowen, who recently took up an appointment at The Grantham Research Centre as a Principal Research Fellow. Dr Bowen points out that strong action against human-induced climate change is urgent and the current financial crisis could prove a timely opportunity. He says: "The need for a global fiscal stimulus provides an opportunity to lay the foundations for more sustainable low carbon growth when recovery comes - and at a lower cost than if the world economy were already working at full capacity."

The lecture is the last in the Global Financial Crisis series hosted by the Economic and Social Research Council, which has explored the impact of the recession on health and happiness and poverty.


'/>"/>

Contact: Danielle Moore
Danielle.moore@esrc.ac.uk
44-179-341-3122
Economic & Social Research Council
Source:Eurekalert

Related biology news :

1. Saving energy and the environment with Flywheels
2. Promising 3-year data: Saving limbs with drug-eluting stents
3. Saving wheat crops worldwide
4. Study finds life-saving trend among seagulls
5. Capillary mats labor-saving, economical alternative to hand watering
6. Saving Sumatra: Indonesia reaches historic agreement
7. Energy-saving bacteria resist antibiotics
8. A recipe for saving the worlds oceans from an extinction crisis
9. UCSB chemistry professor receives top military award for life-saving gauze
10. Saving our bees
11. Researchers find key to saving the worlds lakes
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:4/3/2017)... WASHINGTON , April 3, 2017 /PRNewswire-USNewswire/ ... single-cell precision engineering platform, detected a statistically ... cell product prior to treatment and objective ... highlight the potential to predict whether cancer ... prior to treatment, as well as to ...
(Date:3/28/2017)... -- The report "Video Surveillance Market by ... Devices), Software (Video Analytics, VMS), and Service (VSaaS, Installation ... 2022", published by MarketsandMarkets, the market was valued at ... reach USD 75.64 Billion by 2022, at a CAGR ... considered for the study is 2016 and the forecast ...
(Date:3/23/2017)... 2017 Research and Markets has announced the ... Trends - Industry Forecast to 2025" report to their offering. ... The Global ... of around 8.8% over the next decade to reach approximately $14.21 ... market estimates and forecasts for all the given segments on global ...
Breaking Biology News(10 mins):
(Date:6/20/2017)... ... 2017 , ... National executive search firm, Slone Partners, announces ... and biomarker expertise, as VP of Scientific Affairs at Cambridge Biomedical. , ... development and sample testing services. The organization acts as a leading provider of ...
(Date:6/19/2017)... ... June 19, 2017 , ... As Vice ... EDETEK’s products including training, implementation, support, and client process and SOP development. , ... has previously held leadership roles for service providers and top-tier pharmaceuticals, and as ...
(Date:6/19/2017)... ... June 19, 2017 , ... A colony of healthy honey bees ... tissues by delivering pollen and nectar containing nutrients necessary for growth and survival. Better ... , Many recent indicators point to a decline in honey bee health. Sick and ...
(Date:6/16/2017)... ... June 16, 2017 , ... CTNext , Connecticut’s go-to resource for entrepreneurial ... The LOFT at Chelsea Piers in Stamford. , Nine finalists, all of whom are ... for an opportunity to secure $10,000 awards to help support business growth. The winners ...
Breaking Biology Technology: