Green Recovery Act 2020

Abstract

The Green Recovery Act is a draft Act of Parliament that will end climate damage, recover the environment and economy, and ensure we have a living planet. Focused on UK law reform, it shows how the smallest possible legal changes can have the biggest possible impact, and how greenhouse gas emissions can be brought to an end without any cost, and huge benefits to taxpayers, and businesses. It has nine parts, on a Green Recovery Commission; transport; energy; coal, oil and gas elimination; a full employment, income and training guarantee; agriculture, supermarkets and stores; finance and corporate governance; local authority empowerment; and international and trade agreements. The Act's key ideas are to ban all fossil fuels as fast as technologically practicable, and to mainstream this principle across all public and private bodies. The text of the Act is preceded by an executive summary, and explanatory notes.

Keywords: Green recovery, climate change, global warming, climate damage, transport, electricity, coal, oil, gas, housing, just transition, directors' duties, green banking

JEL Classification: K10, K11, K13, K32