Documents Robins, Nick 8 results

"1. 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.
2. There are lessons from recovery packages following the 2008 financial crisis, but the COVID-19 crisis has had a different structural impact on demand and supply (Section 2).
3. In the lead up to COP26, the UK could provide guidance and methodologies to evaluate proposed recovery packages for consistency with Paris and net zero emissions (Section 3).
4. 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 (Section 4).
5. Institutionally, this could be supported by establishing a Climate Change Emergency Committee and a Net Zero Delivery Body to implement a coherent response (Section 5).
6. Financially, a new National Investment Bank and focus on green financial instruments could significantly scale-up private investment (Section 6).
7. The UK could help other countries develop net zero recovery packages by instigating a new flexible intergovernmental Sustainable Recovery Alliance (Section 7)."

"This paper, co-authored with the Impact Investing Institute, emphasises the strategic potential for a green sovereign bond with well-defined social and economic benefits to support the European Commission's new Strategy for “financing the transition to a sustainable economy.”

Building on the record demand for the EU's inaugural green bond, connecting green financing with positive social co-benefits would enlist the global capital markets to support urgent public and private green projects to achieve net-zero targets and provide economic stimulus while supporting a just and inclusive transition.

This paper provides an overview of the EU's new Strategy and the green and sustainable bond market, before outlining how the Green+ Bond could finance activities which make a substantial contribution to Climate Change Mitigation and Adaptation objectives under the EU Taxonomy Regulation while also fulfilling “do no significant harm” criteria and meeting minimum safeguards. It further explains how the Green+ Bond can generate jobs and social renewal, as well as the proven cost-effectiveness and investor diversification provided by green bonds..."

"As part of the Paris Agreement, governments committed to take into account: “the imperatives of a just transition of the workforce and the creation of decent work and quality jobs in accordance with nationally defined development priorities”. In this policy brief, the authors review the attention given to this crucial aspect of climate change action at the COP26 climate summit in Glasgow in November 2021, assessing 10 new initiatives, and make five detailed priority proposals for financing the just transition in 2022."

"This report provides guidance to financial institutions on how they can incorporate consideration of the social dimension of climate action – in other words a just transition – within their net zero transition plans.
A just transition for workers, communities and consumers is essential to enable the shift to a net zero economy. Commitment to the just transition has been made in global climate agreements and by governments, and there are growing efforts by business, trade unions, civil society and financial institutions to translate this imperative into practical implementation.
To accelerate climate action, these efforts need to intensify, and this means embedding the just transition into the emerging generation of net zero transition plans."