𝘾𝙤𝙣𝙛𝙪𝙨𝙚𝙙 𝙖𝙗𝙤𝙪𝙩 𝙖𝙥𝙥𝙡𝙮𝙞𝙣𝙜 𝙨𝙪𝙨𝙩𝙖𝙞𝙣𝙖𝙗𝙡𝙚 𝙙𝙚𝙫𝙚𝙡𝙤𝙥𝙢𝙚𝙣𝙩 𝙩𝙤 𝙮𝙤𝙪𝙧 𝙡𝙤𝙘𝙖𝙡 𝙚𝙘𝙤𝙣𝙤𝙢𝙮? You’re not alone. Many struggle to translate models like circular economy and doughnut economics into actionable strategies.
You can find the link to a longer article at the bottom of this post. The main takeaways are:
𝗞𝗲𝘆 𝗮𝘀𝘀𝘂𝗺𝗽𝘁𝗶𝗼𝗻𝘀:
1. The transition to low carbon is inevitable and will influence future decisions.
2. Promoting non-sustainable activities is impractical financially and environmentally.
3. Economic development themes should operate in parallel, informed by an understanding of industrial strengths and challenges.
𝗧𝗵𝗿𝗲𝗲 𝗺𝗮𝗷𝗼𝗿 𝗱𝗿𝗶𝘃𝗲𝗿𝘀 𝘂𝗿𝗴𝗲 𝗶𝗺𝗺𝗲𝗱𝗶𝗮𝘁𝗲 𝗮𝗰𝘁𝗶𝗼𝗻 𝗶𝗻 𝗹𝗼𝗰𝗮𝗹 𝘀𝘁𝗿𝗮𝘁𝗲𝗴𝗶𝗲𝘀:
– Green industries and markets are booming.
– Opportunities from Net Zero are time-sensitive.
– We have feasible low-carbon solutions that need scaling.
Core economic functions, such as vision, advocacy, and investment attraction, must shift to align with sustainability goals. It’s crucial to promote your locality’s strengths in green industries and articulate its ‘green place values’ to attract talent and investment.
Infrastructure and transport need to focus on renewables and sustainable transport solutions for future viability.
Real estate and regeneration require a focus on retrofitting, strict construction standards, and sustainable building practices.
Industrial transition should prioritize identifying energy-intensive sectors and facilitating their shift to low carbon.
Innovation and entrepreneurship must thrive on green solutions for a low carbon economy.
Labour participation must ensure a just transition, supporting those at risk with new job opportunities in green sectors.
Skills development should anticipate future needs, providing training for emerging green jobs.
Cities worldwide are already pioneering these changes with initiatives like Scotland’s Climate Emergency Skills Action Plan and Tyne Powered’s strategic site promotions. Let’s learn from them and push forward.
You can read the full article here: https://lnkd.in/edWkC2jW
5. Beyond slogans: a grown-up conversation about UK industrial strategy (Article 5 of 5 on industrial policy)
The preceding four articles have sought to build perspectives on the role of industrial development in local and regional economies. In this final article. I tie this together by looking at the role of industrial policy and strategy. The perennial question for the UK:...
