CCCW-Aldersgate-2012 06-27


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Accelerating the Green Economy - Peter Young, Aldersgate Group

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CCCW-Aldersgate-2012 06-27

  1. 1. »Accelerating the Green EconomyClimate Change Commission for Wales 27th June 2012 Peter Young Chairman, Aldersgate Group Strategy Director, SKM Enviros
  2. 2. Contents1. Who are Aldersgate Group?2. Overview of Six Workstreams and key issues of the moment3. Ideas for Wales Peter Young hats: AG, but also GEC, EMTF, SRSP/Defra advisor, 2020 Group, SKM Enviros ....and Welsh resident for 35 years! »
  3. 3. Aldersgate Group and Green EconomyA member organisation, founded 6 years agoWe are a broad coalition of business, politics and societyWe believe that high environmental standards are vital tofuture economic growth and competitivenessOperate as a think tank, forum and lobbying group foundedon consensus and cross-economy, cross party supportVery influential in Westminster, now reaching out toBrussels, Holyrood....Seek to have maximum influence, not sizeGreen growth and gaining competitive advantage fromtransitioning to a sustainable economy is our overall aimProgress this through 6 workstreams Reports free to all – at »
  4. 4. Aldersgate Group membersOther members include peers and MPs from all major parties »
  5. 5. Resource RevolutionScope of the work Rapidly growing demand for increasingly scarce resources necessitates the adoption of new business models and a range of well-designed environmental measures to smooth the path towards a more sustainable economy – the „green foundations‟ needed to underpin future growth and jobs  “Pricing the Priceless: the business case for action on biodiversity”, makes the case that the protection of biodiversity and ecosystem services, while complex to value accurately, is nonetheless essential for future wellbeing and economic development.Key issues: „Resilience in the Round‟ next steps Markets from valuing nature – EMTF Natural Capital Committee and Targets Workstream lead: Sir John Harman, former Chair of the Environment Agency »
  6. 6. New EconomyScope of the work A strong regulatory and fiscal framework that addresses market failures (and works strategically to build on domestic UK strengths) will drive resource efficiency and productivity across the whole economy. It will also help develop world leading environmental industries with high export and job creation potential.  “Greening the Economy: a strategy for growth, jobs and success”, makes the case for a comprehensive green growth strategy that goes beyond reducing the budget deficit to drive a dynamic economic recovery.Key issues: Sustainable procurement Innovation policy development Supply chains and circular economy Low carbon buildings and energy efficiency Workstream lead: Dr Jack Frost, Director, Johnson Matthey »
  7. 7. Financing the FutureScope of the work Targeted action to address financial barriers, such as reducing policy risk and mobilising finance at scale from institutional investors, is required to enable sufficient private sector investment to build a greener and more competitive economy.  “Financing the Future: a strategy to deliver carbon targets”, examines the major financing challenge that carbon targets represent for the UK, which must largely be met by the private sector during a time of economic restraint. The report examines how the Government can remove barriers to financing low carbon projects.Key issues: Making the GIB a bank that can borrow Treasury; Revenue neutral green taxation and fiscal measures Workstream lead: Emma Howard Boyd, Director, Jupiter Asset Management »
  8. 8. Environmental SkillsScope of the work The development of new skills in rapidly growing sectors and sustainable literacy skills across the economy is essential to ensure the UK is able to make the transition to a low carbon, resource efficient economy at the pace required.  “Mind the Gap: skills for the transition to a low carbon economy”, addresses the under-explored policy area of jobs and skills. The UK is committed to a transition to a low carbon economy, but lacks the necessary skills to make the transition at the pace required. This report makes recommendations for government policy makers to address this deficiency.Key issues: Grasping GEC opportunity to lead debate Articulating and communicating future needs and opportunities for workers Workstream lead: John Edmonds, former Secretary General, GMB »
  9. 9. Best value regulationScope of the work Ensuring that regulation creates long-term value in the economy and increases competitiveness through early innovation, rather than being designed around the short-term needs of existing vested interests.  “Dealing the Deficits: best value regulation to reduce our environmental and financial debts”, draws the parallel between the UK‟s record budget deficit and its environmental deficit. It makes recommendations for regulatory reform, which should be primarily concerned with maximising growth and innovation.Key issues: Replace red tape challenge with „green tape challenge‟ – strengthen outcomes Recognition of how the best designed regulation stimulates innovation and growth Workstream lead: Terry A‟Hearn, Global Director, WSP Environment & Energy »
  10. 10. Transparency and reportingScope of the work Enabling greater transparency, accountability and comparability of the reporting of material environmental risks and opportunities both at company level and across the economy.  The AG commissioned a report by adelphi to provide independent analysis which was cited in last week‟s announcement by Nick Clegg to implement mandatory carbon reporting. It found that for all large companies, Defra overestimated the total costs by up to £4,600m and underestimated the benefits by up to £960m.Key issues: Leveraging value from carbon reporting Consumption based reporting - reverse off-shoring manufacturing? Workstream lead: Chris Tuppen, Director, Aldersgate Group »
  11. 11. Ideas for WalesAnalyse linear versus circular economy characters of sectorsand supply chains, which ones are easiest to change?Innovation in agriculture, especially livestockCommunity woodlands and biomass CHPBiodiversity Offsets eg soil carbon - Peatlands, Saltmarsh etcClimate change adaptation products and servicesPost Rio+20?Low carbon buildings and energy efficiencyRural and urban smart city infrastructure Underpinned by:Existing and improved metrics, including cross border flowsWales as an evidence hub for UK, EU, global bodiesWales own future scenarios to stimulate vision and innovation »
  12. 12. Ideas for WalesA last thought: the opportunity of reversing Wales‟ consumption footprint - for: Innovation, (Re-)Manufacturing, Jobs, Materials, Carbon, Identity, and Growth »
  13. 13. Thank You »