The implementation of a post-Covid-19 Green Recovery Plan could save two million jobs in the European Union by 2024, while reducing CO2 emissions by more than 15% by 2030, according to a report by the consulting firm Cambridge Econometrics, published on Monday 19 October by the European Corporate Leaders Group (CLG Europe).
“The elements contained in this report clearly show that a Green Recovery Plan [...] is not only possible, but also essential”, said Eliot Whittington, Director of CLG Europe.
The report comes to this conclusion on the basis of a comparison of a “ return to normal ” scenario with a “Green Recovery Plan” comprising a selection of “green” policy measures that have already been implemented or have been proposed in different countries and that could be realistically implemented.
Spread out from 2021 to 2023, these policies are: (1) measures to improve the energy efficiency of buildings in order to reduce energy consumption in this sector by 8%; (2) a 50% capital subsidy on new wind and solar equipment; (3) additional public investment to accelerate the improvement of the electricity grid; (4) a 20% subsidy on the cost of new electric vehicles for households that scrap their old internal combustion engine vehicles; (5) an initiative to plant 10 billion trees worldwide in 2021-23.
See the report: https://bit.ly/3lUQPiG (Original version in French by Damien Genicot)