Thom Wetzer has been appointed by the European Securities and Markets Authority (ESMA) to its newly-established Consultative Working Group (CWG) on Sustainable Finance
Green investment works: world-first systematic review shows positive economic outcomes in green government spending
A new Oxford report reveals green government investments are demonstrably superior to dirty investment options; they can be faster, create more jobs and boost economic growth.
The U.K. is in the midst of a record-breaking heatwave, with temperatures expected to reach 34C. Dr Radhika Khosla warns: "The health implications of rising temperatures in the UK are serious... the risk of cardiopulmonary and cardiovascular problems increases among older adults, young children, people with chronic conditions, athletes and outdoor workers."
Researchers from the University of Oxford institution parsed more than 900 papers on the economic characteristics of green spending before concluding there is "strong evidence" that green investments outperform fossil fuel investments in terms of job creation.
Claudia Herbert Colfer, a student of the Smith School’s MSc in Sustainability, Enterprise and Environment, has been recognised in GreenBiz’s annual “30 under 30” list of sustainability professionals that are helping to build a better future.
In line with World Ocean Day, this article reflects on aquaculture and how sustainable fish farming can make a healthier ocean in line with the UN’s goal to protect 30% of the ocean by 2030.
Most European Union countries have boosted their renewable plans since 2020, putting them on course to cut fossil fuel use this decade as the energy and COVID-19 crises have spurred, not derailed their green transition, Reuters reports.
"The recovery has been wildly inconsistent around the world," said Brian O'Callaghan, lead researcher at Oxford University's Economic Recovery Project, pointing to Australia, China and India as having relatively small shares of green COVID-19 recovery spending.
"As renewables grow more widespread and affordable, it’s becoming increasingly possible to balance growth with sustainability. For cooling in India, Oxford University sustainable development expert Radhika Khosla told me, passive cooling methods, such as shading, natural ventilation, green roofs or reflective white roofs, and changing working schedules and hydration practices when possible will continue to be vital for people who can’t afford air conditioners or work most of the day outdoors."
Recent heatwaves in India and Pakistan have seen temperatures rise to unprecedented levels. Dr Radhika Khosla discussed the knock-on effect the demand for cooling systems like air conditioning. "Right now most air conditioners that are being used are not even near half the level of energy efficiency that they could be," she said.
Making carbon markets work better is more of a political challenge than an economic one... The difficulty is building and preserving support for measures that make most economic activities costlier. The same applies to other climate-friendly measures, notes Dr Ben Caldecott of Oxford University: Britain has long failed to raise petrol taxes in line with inflation, costing the government billions.