Building A Greener Future Economy Using Build Back Better
There has been a lot of talk about how to approach a post-COVID economic recovery, with phrases like the Green New Deal making a lot of headlines.
In most cases, there’s not a lot of detail behind them, making the Build Back Better concept by the Energy Transition Commission such a breakthrough approach.
Not only is it looking at a green approach to a new economic future, but it’s taking a traditional investment approach to it.
By targeting investment dollars on profitable long-term strategies rather than short-term government spending, it seems like it could be attracting the attention of huge investment funds.
According to The Financial Times, The Build Back Better project is focusing its attention primarily on renewable energy, green construction for buildings, infrastructure, and transport.
First of all, these are vital sectors of the economy that support pretty much everything we do in everyday life.
But they are also the areas where some of the most significant sustainable improvements can happen.
The Energy Transition Commission has quoted estimates that the economy could see an extra 17 million renewable energy jobs in the next 10 years.
Considering how many parts of the pre-Covid economy may never go back to previous levels, that’s an investment that could be life-changing for a lot of people.
It will be interesting to see how quickly these changes come to life once we get to more normal economic activity after COVID.
Watch the full video from The Financial Times: