The U.K. became the Latest Country to Detail its Plans to promote Green Industries and tackle Climate Change, with Proposals to back Investment in Electric Vehicles, Hydrogen, and
Wind Power.
The Package, the Government says, will Support as many as 250,000 Jobs.
While it’s tempting to Dismiss U.K.'s Prime Minister, Boris Johnson’s “Green Industrial Revolution” as hype, he’s far from alone.
The European Union (EU) has Sweeping Plans for a “Green Deal” it is touting as the Basis of Economic Recovery from the Pandemic.
The Moves are Not Limited to Rich Western Democracies. China announced Plans for a Carbon-Neutral Economy by 2050, offering One Potential Area of Cooperation between Beijing and the U.S. under the Presidency of Joe Biden.
126 Countries have set Full Decarbonization Goals contribute 51% of Global Emissions.
Some of this is due to Sheer Necessity. Who can Argue with the Transition from Combustion Engines when German Giants: BMW, Volkswagen, and Mercedes-maker Daimler, combined are Valued at less than Half of Tesla?
Partly it’s a Response to Voters Demanding urgent Government Action to Save the Planet. That Sentiment has been given Wings by the Pandemic, when Lockdowns Eased Congestion and Air Pollution.
It may be at best Distraction, or at Worst Cynical Politics. Some Coal-Producing Nations in Eastern Europe know that Setting Climate Goals can Smooth their Access to EU Funds.
But in the U.K., Johnson could certainly use a Reset after a Few difficult Months. Action on Climate Change is One way to Reach-Out to the Incoming U.S. President, No Fan of Brexit, and try to find Common Purpose.
NYC Wins When Everyone Can Vote! Michael H. Drucker
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