The Green Economy in Bristol and the West of ... - Miguel Mendonça
The Green Economy in Bristol and the West of ... - Miguel Mendonça
The Green Economy in Bristol and the West of ... - Miguel Mendonça
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Section 2: Policy<br />
In August 2011, <strong>the</strong> ConservativeLiberal Democrat<br />
coalition government published Enabl<strong>in</strong>g <strong>the</strong><br />
transition to a green economy: Government <strong>and</strong><br />
bus<strong>in</strong>ess work<strong>in</strong>g toge<strong>the</strong>r, a document that is more<br />
or less a position paper. It provides an overview <strong>of</strong><br />
<strong>the</strong> current government’s conceptualisation <strong>of</strong> <strong>the</strong><br />
green economy, <strong>and</strong> <strong>the</strong> methods it seeks to employ<br />
<strong>in</strong> achiev<strong>in</strong>g <strong>the</strong> transition to a low carbon economy,<br />
<strong>in</strong>clud<strong>in</strong>g approaches to public <strong>and</strong> private sector<br />
collaboration. <strong>The</strong> vision conta<strong>in</strong>s four key<br />
statements on <strong>the</strong> nature <strong>of</strong> <strong>the</strong> green economy. It<br />
states that it will: grow susta<strong>in</strong>ably <strong>and</strong> for <strong>the</strong> long<br />
term; use natural resources more efficiently; be more<br />
resilient; exploit comparative advantage. <strong>The</strong> paper<br />
<strong>in</strong>cludes a useful '<strong>Green</strong> <strong>Economy</strong> Policy Timel<strong>in</strong>e,' a<br />
chart show<strong>in</strong>g <strong>the</strong> various str<strong>and</strong>s <strong>of</strong> green policy<br />
that this government is us<strong>in</strong>g or <strong>in</strong>tends to use. It is<br />
not significantly different from <strong>the</strong> approach taken<br />
by <strong>the</strong> previous government. <strong>The</strong> Timel<strong>in</strong>e shows <strong>the</strong><br />
Figure 1. <strong>The</strong> Interaction <strong>of</strong> Policy, Investment <strong>and</strong> Innovation<br />
variety <strong>of</strong> relevant policies <strong>and</strong> <strong>in</strong>centives which <strong>the</strong>y<br />
are deploy<strong>in</strong>g or amend<strong>in</strong>g from 2011 to 2050. 25<br />
<strong>The</strong>y cover a variety <strong>of</strong> subsectors, on energy,<br />
transport, waste, food, water, natural environment,<br />
biodiversity, payment for ecosystems services, green<br />
<strong>in</strong>vestment, emissions trad<strong>in</strong>g, carbon pric<strong>in</strong>g,<br />
climate change risk assessment <strong>and</strong> adaptation.<br />
Public policy can provide stable conditions for<br />
<strong>in</strong>vestment which foster longterm growth <strong>in</strong> a<br />
sector. This growth creates a positive feedback as<br />
develop<strong>in</strong>g sectors breed <strong>in</strong>novation, exports, jobs<br />
<strong>and</strong> <strong>in</strong>creased scope for participation. <strong>The</strong> figure<br />
below shows how technologies such as PV become<br />
commercialised through policy support. <strong>The</strong> diagram<br />
leads from <strong>the</strong> top left corner.<br />
<strong>The</strong> <strong>Green</strong> <strong>Economy</strong> <strong>in</strong> <strong>Bristol</strong> <strong>and</strong> <strong>the</strong> <strong>West</strong> <strong>of</strong> Engl<strong>and</strong><br />
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