Our work on the green recovery

The LSDC is working to deliver a sustainable recovery from the COVID-19 pandemic in London. London is characterised by the unique breadth and depth of its intellectual, creative, financial and cultural capital. Helping London to harness these attributes will not only serve the capital but also benefit the rest of the UK, aiding the recovery everywhere and enhancing our country’s future international competitiveness. 

Resilience to future crises will be paramount as the climate and ecological crises continue to deepen, posing an even greater threat to lives and our way of life. Similarly the existing inequalities of poverty and disadvantage are likely to have deepened as a result of the pandemic. London and the UK's recovery must therefore be a sustainable and productive one, if it is to be successful at all

Our work, highlighted below, will focus on how London can achieve a successful recovery.

Letter to the Prime Minister

 

LSDC letter to PM

On 23 June the LSDC wrote to Prime Minister, Boris Johnson asking for 4 things to help deliver a sustainable recovery:

1. Liberate London's ability to innovate through regulatory reform - especially in the interconnected areas of clean tech and housing. Increasing London's control over energy efficiency and building regulations leading to faster and greater progress whilst lowering long-term energy costs.

2. Give the Mayor and boroughs power to retain and raise more finance for investing in business and communities - London will do better, faster with more devolved powers. Retaining and controlling a greater proportion of business rates would allow for eg targeted support of London's clean tech sector catalysing green growth across the UK. Fiscal devolution would also enable London to invest in London's poorest communities and deliver enhanced wellbeing

3. Help unlock the potential for London to be the pre-eminent finance hub to build back better - for London, the UK and the world. The City is well placed to deliver large-scale investment in new businesses and jobs, and new spatial and infrastructure developments, with a zero carbon, circular economy at their core

4. Embed the United Nations Sustainable Development Goals (SDGs) within the recovery package - The SDGs have been developed because of the need for a coherent, internationally agreed framework that integrates economic, environmental and social policy. This is a unique opportunity to incorporate the SDGs at the heart of recovery planning

Together these 4 pillars could form the foundation of an exciting new future for London - and the rest of the UK. This can be the moment we fundamentally restructured the way we do business, transforming the fortunes of the present generation and many generations to come

Read the letter in full 

 

 

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