Decoupling economic growth from carbon emissions will allow the UK meet its committed 80% reduction in greenhouse gases against 1990 levels by 2050, and this presents an immense economic opportunity for our region. With nationally significant energy assets, growing low carbon technology sectors and a strong scientific innovation base, the low carbon energy transition has the potential to deliver substantial economic growth, job creation and export opportunities across the area. Our vision is of a resilient low carbon economy, where solutions to address the climate crisis are implemented to make our area a better place to live and create a more competitive economy.
To achieve this, the strategy is designed to guide decision making and stimulate action in the LEP and our partners, to deliver the following strategic outcomes:
- Attract and secure investment for the low carbon transition;
- Enable organisations, communities and businesses to maximise their contribution to, andrealise the benefits from, a low carbon economy;
- Provide the strategic drive and economic rationale to shape the development of our LocalIndustrial Strategy, and;
- Support collaboration and joint working at a Yorkshire & Northern Powerhouse level.
Why do we need to move towards a low carbon economy?
With a growing evidence base around the impacts from climate change, there is increasing urgency to transition towards a low carbon economy. The 2015 Paris Agreement set a global precedent for reducing carbon emissions, with 195 countries committing to keep the global temperature rise below two degrees. The recent IPCC Special Report on Global Warming of 1.5⁰C evidences the increased climate related risks to health, livelihoods, food security, water supply, human security, and economic growth associated with an increase in global warming of 1.5⁰C and beyond. With 12 years to ensure that we keep temperature increase within 1.5⁰C before climate catastrophe, we need a global response, pooling collective effort to achieve the scale of action required.
The UK has been an international leader in climate change policy, passing the Climate Change Act in 2008 which commits the UK to an 80% reduction in greenhouse gas emissions below 1990 levels by 2050. As the UK government seeks to decouple economic growth from carbon emissions, creating a thriving low carbon economy within York, North Yorkshire and East Riding presents an immense economic opportunity. With nationally significant energy assets, growing low carbon technology sectors and a strong scientific innovation base, the low carbon energy transition has the potential to deliver substantial economic growth, job creation and export opportunities across the area.
Working with local partners and using the findings from research commissioned, we have developed a robust strategic framework to achieve our low carbon vision. This is built upon four key elements:
- place-based strategic priorities;
- high-impact low carbon energy technologies;
- designing circular systems; and
- cross-cutting strategic enablers.
Our vision is to create a ‘A resilient low carbon economy, where solutions to address the climate crisis are implemented to make our area a better place to live and create a more competitive economy’.