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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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