To support Climate Ready Clyde’s Board and the wider Glasgow City Region’s work on COVID-19 economic recovery, Paul Watkiss Associates and Sniffer investigated the potential for promoting low carbon development and climate change adaptation (resilience) as part of possible COVID-19 recovery plans, including what could be implemented locally in Glasgow City Region.
The paper reviewed the recent green recovery literature, and considered the role that such interventions could play post-COVID-19. and identified a series of steps that could help Glasgow City Region Cabinet and Regional Economic Partnership implement a green recovery package. These steps include:
- An analysis of plans (direct interventions, but also policy and reform)
- The development of a green project pipeline, looking for additional sources of finance (including the private sector)
- Designing innovative financing structures that target blended finance
- Strengthening institutions including mainstreaming climate, and creating strong and positive messaging (and raise awareness) on the benefits of the green recovery
The paper also includes an illustrative portfolio of measures to demonstrate the various co-benefits and trade-offs of a ‘green recovery’, and what could be considered to maximise contributions for economy and climate.