<div dir="ltr">thanks for respecting the embargo<br><br><div class="gmail_quote"><div dir="ltr" class="gmail_attr">---------- Forwarded message ---------<br>From: <strong class="gmail_sendername" dir="auto">Anna Pick</strong> <span dir="auto"><<a href="mailto:press@positivemoney.org">press@positivemoney.org</a>></span><br>Date: Tue, Feb 16, 2021 at 5:19 PM<br>Subject: Cross-party report urges green recovery from Covid: Positive Money response - embargoed Weds 17 Feb at 0.01am<br>To: Michel Bauwens <<a href="mailto:michel.bauwens@p2pfoundation.net">michel.bauwens@p2pfoundation.net</a>><br></div><br><br><div dir="ltr"><span id="m_-55482446463562423gmail-docs-internal-guid-36c8332d-7fff-37a0-2612-386c342dc724"><p style="line-height:1.38;margin-top:0pt;margin-bottom:0pt">Good morning,<br><br>Below is Positive Money’s embargoed response to the Environmental Audit Committee’s latest report: ‘Growing back better: putting nature and net zero at the heart of the economic recovery’.<br><br>Please get in touch if you would like more information or to arrange a briefing with a spokesperson.<br><br>Many thanks,<br>Anna</p><p style="line-height:1.38;margin-top:0pt;margin-bottom:0pt"><br></p><p style="line-height:1.38;margin-top:0pt;margin-bottom:0pt">------------- <br></p><p style="line-height:1.38;margin-top:0pt;margin-bottom:0pt"><br></p><p dir="ltr" style="line-height:1.38;margin-top:0pt;margin-bottom:0pt"><span style="color:rgb(255,0,0);background-color:transparent;font-weight:700;font-variant-numeric:normal;font-variant-east-asian:normal;vertical-align:baseline;white-space:pre-wrap"><font face="arial, sans-serif">UNDER STRICT EMBARGO 00:01 WEDNESDAY 17 FEBRUARY</font></span></p><font face="arial, sans-serif"><br></font><p dir="ltr" style="line-height:1.38;margin-top:0pt;margin-bottom:0pt"><span style="color:rgb(0,0,0);background-color:transparent;font-variant-numeric:normal;font-variant-east-asian:normal;vertical-align:baseline;white-space:pre-wrap"><font face="arial, sans-serif">Research and campaign group Positive Money welcomes a new report from MPs on the Conservative-led Environmental Audit Committee (EAC) which concludes that Covid-19 is a symptom of environmental breakdown and sets out how the government can enable a green economic recovery from the crisis. </font></span></p><font face="arial, sans-serif"><br></font><p dir="ltr" style="line-height:1.38;margin-top:0pt;margin-bottom:0pt"><span style="color:rgb(0,0,0);background-color:transparent;font-variant-numeric:normal;font-variant-east-asian:normal;vertical-align:baseline;white-space:pre-wrap"><font face="arial, sans-serif">Titled ‘Growing back better: putting nature and net zero at the heart of the economic recovery’, the report was a result of the EAC’s ‘Greening the post-Covid recovery’ inquiry, for which Positive Money presented oral evidence.</font></span></p><font face="arial, sans-serif"><br></font><p dir="ltr" style="line-height:1.38;margin-top:0pt;margin-bottom:0pt"><span style="color:rgb(0,0,0);background-color:transparent;font-variant-numeric:normal;font-variant-east-asian:normal;vertical-align:baseline;white-space:pre-wrap"><font face="arial, sans-serif">Among the recommendations, the report calls for the government to clarify the Bank of England’s mandate to include climate and nature objectives, to take steps to reduce the carbon intensity of financial markets, as well as a range of fiscal and financial incentives for a green recovery.</font></span></p><font face="arial, sans-serif"><br></font><p dir="ltr" style="line-height:1.38;margin-top:0pt;margin-bottom:0pt"><span style="color:rgb(0,0,0);background-color:transparent;font-variant-numeric:normal;font-variant-east-asian:normal;vertical-align:baseline;white-space:pre-wrap"><font face="arial, sans-serif">The report comes as the Chancellor is expected to make key changes to the Bank of England’s mandate alongside the March Budget, which will enable it to take more action on climate change.</font></span></p><font face="arial, sans-serif"><br></font><p dir="ltr" style="line-height:1.38;margin-top:0pt;margin-bottom:0pt"><font face="arial, sans-serif"><span style="color:rgb(0,0,0);background-color:transparent;font-weight:700;font-variant-numeric:normal;font-variant-east-asian:normal;vertical-align:baseline;white-space:pre-wrap">Simon Youel, Head of Policy and Advocacy at Positive Money</span><span style="color:rgb(0,0,0);background-color:transparent;font-variant-numeric:normal;font-variant-east-asian:normal;vertical-align:baseline;white-space:pre-wrap">, said:</span></font></p><font face="arial, sans-serif"><br></font><p dir="ltr" style="line-height:1.38;margin-left:36pt;margin-top:0pt;margin-bottom:0pt"><span style="color:rgb(0,0,0);background-color:transparent;font-variant-numeric:normal;font-variant-east-asian:normal;vertical-align:baseline;white-space:pre-wrap"><font face="arial, sans-serif">“For all the talk of ‘build back better’, the government’s response to Covid has so far bailed out an environmentally destructive and unequal ‘business as usual’, which drove us towards this crisis in the first place.</font></span></p><font face="arial, sans-serif"><br></font><p dir="ltr" style="line-height:1.38;margin-left:36pt;margin-top:0pt;margin-bottom:0pt"><span style="color:rgb(0,0,0);background-color:transparent;font-variant-numeric:normal;font-variant-east-asian:normal;vertical-align:baseline;white-space:pre-wrap"><font face="arial, sans-serif">“The Environmental Audit Committee’s report puts further pressure on the government and the Bank of England to get their act together and take concrete steps to green the economy ahead of this year’s crucial COP26 climate summit in Glasgow.</font></span></p><font face="arial, sans-serif"><br></font><p dir="ltr" style="line-height:1.38;margin-left:36pt;margin-top:0pt;margin-bottom:0pt"><span style="color:rgb(0,0,0);background-color:transparent;font-variant-numeric:normal;font-variant-east-asian:normal;vertical-align:baseline;white-space:pre-wrap"><font face="arial, sans-serif">“The government has a huge opportunity to kickstart a fair and green recovery in the March Budget. Alongside wide scale public investment in green jobs, the Chancellor needs to make sure his changes to the Bank of England’s mandate are as strong as possible, to allow our central bank to do everything necessary to shift billions of pounds away from fossil fuels and towards green alternatives ahead of COP26.”</font></span></p><font face="arial, sans-serif"><br></font><p dir="ltr" style="line-height:1.38;margin-top:0pt;margin-bottom:0pt"><span style="color:rgb(0,0,0);background-color:transparent;font-weight:700;font-variant-numeric:normal;font-variant-east-asian:normal;vertical-align:baseline;white-space:pre-wrap"><font face="arial, sans-serif">Notes</font></span></p><font face="arial, sans-serif"><br></font><ol style="margin-top:0px;margin-bottom:0px"><li dir="ltr" style="list-style-type:decimal;color:rgb(0,0,0);background-color:transparent;font-variant-numeric:normal;font-variant-east-asian:normal;vertical-align:baseline;white-space:pre-wrap"><p dir="ltr" style="line-height:1.38;margin-top:0pt;margin-bottom:0pt"><font face="arial, sans-serif"><span style="background-color:transparent;font-variant-numeric:normal;font-variant-east-asian:normal;vertical-align:baseline;white-space:pre-wrap">In January, the Conservative MP and Chair of the Environmental Audit Committee, Philip Dunne, wrote to the Bank of England calling for it to align its bond purchases with 1.5C ahead of COP26: </span><a href="https://positivemoney-org-dot-yamm-track.appspot.com/Redirect?ukey=1W5tFRRsXSdHdLBk76REF5HeDUh9I2jqIiehrGYBBT10-2043125258&key=YAMMID-70762309&link=https%3A%2F%2Fpositivemoney.org%2F2021%2F01%2Fenvironmental-audit-committee-blasts-bank-of-england-for-high-carbon-stimulus%2F" style="text-decoration-line:none" target="_blank"><span style="background-color:transparent;font-variant-numeric:normal;font-variant-east-asian:normal;text-decoration-line:underline;vertical-align:baseline;white-space:pre-wrap">https://positivemoney.org/2021/01/environmental-audit-committee-blasts-bank-of-england-for-high-carbon-stimulus/</span></a><span style="background-color:transparent;font-variant-numeric:normal;font-variant-east-asian:normal;vertical-align:baseline;white-space:pre-wrap"> </span></font></p></li><li dir="ltr" style="list-style-type:decimal;color:rgb(0,0,0);background-color:transparent;font-variant-numeric:normal;font-variant-east-asian:normal;vertical-align:baseline;white-space:pre-wrap"><p dir="ltr" style="line-height:1.38;margin-top:0pt;margin-bottom:0pt"><font face="arial, sans-serif"><span style="background-color:transparent;font-variant-numeric:normal;font-variant-east-asian:normal;vertical-align:baseline;white-space:pre-wrap">The chancellor is expected to make changes to the Bank of England’s mandate in his March Budget: </span><a href="https://positivemoney-org-dot-yamm-track.appspot.com/Redirect?ukey=1W5tFRRsXSdHdLBk76REF5HeDUh9I2jqIiehrGYBBT10-2043125258&key=YAMMID-70762309&link=https%3A%2F%2Fwww.thetimes.co.uk%2Farticle%2Fchancellor-rishi-sunak-to-strengthen-bank-of-englands-green-remit-amid-oil-bonds-outcry-3t3qkcf2p" style="text-decoration-line:none" target="_blank"><span style="background-color:transparent;font-variant-numeric:normal;font-variant-east-asian:normal;text-decoration-line:underline;vertical-align:baseline;white-space:pre-wrap">https://www.thetimes.co.uk/article/chancellor-rishi-sunak-to-strengthen-bank-of-englands-green-remit-amid-oil-bonds-outcry-3t3qkcf2p</span></a><span style="background-color:transparent;font-variant-numeric:normal;font-variant-east-asian:normal;vertical-align:baseline;white-space:pre-wrap"> </span></font></p></li><li dir="ltr" style="list-style-type:decimal;color:rgb(0,0,0);background-color:transparent;font-variant-numeric:normal;font-variant-east-asian:normal;vertical-align:baseline;white-space:pre-wrap"><p dir="ltr" style="line-height:1.38;margin-top:0pt;margin-bottom:0pt"><font face="arial, sans-serif"><span style="background-color:transparent;font-variant-numeric:normal;font-variant-east-asian:normal;vertical-align:baseline;white-space:pre-wrap">A letter from 125 experts (including Nouriel Roubini, Mariana Mazzucato and Willem Buiter) outlined what the Bank of England should be doing to support the government’s climate targets, 16 November 2020: </span><a href="https://positivemoney-org-dot-yamm-track.appspot.com/Redirect?ukey=1W5tFRRsXSdHdLBk76REF5HeDUh9I2jqIiehrGYBBT10-2043125258&key=YAMMID-70762309&link=https%3A%2F%2Fpositivemoney.org%2F2020%2F11%2Fsunaks-green-finance-plans-come-under-fire-from-experts-press-release%2F" style="text-decoration-line:none" target="_blank"><span style="background-color:transparent;font-variant-numeric:normal;font-variant-east-asian:normal;text-decoration-line:underline;vertical-align:baseline;white-space:pre-wrap">https://positivemoney.org/2020/11/sunaks-green-finance-plans-come-under-fire-from-experts-press-release/</span></a><span style="background-color:transparent;font-variant-numeric:normal;font-variant-east-asian:normal;vertical-align:baseline;white-space:pre-wrap"> [see Guardian coverage here: </span><a href="https://positivemoney-org-dot-yamm-track.appspot.com/Redirect?ukey=1W5tFRRsXSdHdLBk76REF5HeDUh9I2jqIiehrGYBBT10-2043125258&key=YAMMID-70762309&link=https%3A%2F%2Fwww.theguardian.com%2Fbusiness%2F2020%2Fnov%2F16%2Fbank-of-england-needs-more-powers-to-decarbonise-economy-say-experts" style="text-decoration-line:none" target="_blank"><span style="background-color:transparent;font-variant-numeric:normal;font-variant-east-asian:normal;text-decoration-line:underline;vertical-align:baseline;white-space:pre-wrap">https://www.theguardian.com/business/2020/nov/16/bank-of-england-needs-more-powers-to-decarbonise-economy-say-experts</span></a><span style="background-color:transparent;font-variant-numeric:normal;font-variant-east-asian:normal;vertical-align:baseline;white-space:pre-wrap">]</span></font></p></li><li dir="ltr" style="list-style-type:decimal;color:rgb(0,0,0);background-color:transparent;font-variant-numeric:normal;font-variant-east-asian:normal;vertical-align:baseline;white-space:pre-wrap"><p dir="ltr" style="line-height:1.38;margin-top:0pt;margin-bottom:0pt"><font face="arial, sans-serif"><span style="background-color:transparent;font-variant-numeric:normal;font-variant-east-asian:normal;vertical-align:baseline;white-space:pre-wrap">Positive Money campaigns for a money and banking system which supports a fair, democratic and sustainable economy. Set up in the aftermath of the financial crisis, Positive Money is a not-for-profit company funded by charitable trusts and foundations, as well as small donations from its network of over 65,000 supporters. </span><a href="https://positivemoney-org-dot-yamm-track.appspot.com/Redirect?ukey=1W5tFRRsXSdHdLBk76REF5HeDUh9I2jqIiehrGYBBT10-2043125258&key=YAMMID-70762309&link=https%3A%2F%2Fpositivemoney.org%2F" style="text-decoration-line:none" target="_blank"><span style="background-color:transparent;font-variant-numeric:normal;font-variant-east-asian:normal;text-decoration-line:underline;vertical-align:baseline;white-space:pre-wrap">https://positivemoney.org/</span></a><span style="background-color:transparent;font-variant-numeric:normal;font-variant-east-asian:normal;vertical-align:baseline;white-space:pre-wrap"> </span></font></p></li><li dir="ltr" style="list-style-type:decimal;color:rgb(0,0,0);background-color:transparent;font-variant-numeric:normal;font-variant-east-asian:normal;vertical-align:baseline;white-space:pre-wrap"><p dir="ltr" style="line-height:1.38;margin-top:0pt;margin-bottom:0pt"><span style="background-color:transparent;font-variant-numeric:normal;font-variant-east-asian:normal;vertical-align:baseline;white-space:pre-wrap"><font face="arial, sans-serif">For more information or to arrange a briefing/interview with a spokesperson please contact <a href="mailto:press@positivemoney.org.uk" target="_blank">press@positivemoney.org.uk</a> or Anna Pick on 07948802104</font></span></p></li></ol><div><font color="#000000" face="Arial"><span style="font-size:14.6667px;white-space:pre-wrap"><br></span></font></div><div><br></div></span>-- <br><div dir="ltr" data-smartmail="gmail_signature"><div dir="ltr"><div dir="ltr" style="font-family:Helvetica;font-size:12.8px"><b><font color="#000000">Anna Pick</font></b></div><div dir="ltr" style="font-family:Helvetica;font-size:12.8px"><font color="#000000">Media and Policy Officer</font></div><div dir="ltr" style="font-family:Helvetica;font-size:12.8px"><font color="#000000"><b>Positive Money<br></b><br></font></div><div style="font-family:Helvetica;font-size:12.8px"><font color="#000000">T: 0207 253 3235</font></div><div style="font-family:Helvetica;font-size:12.8px"><font color="#000000">M: 07948802104</font></div><div style="color:rgb(136,136,136);font-family:Helvetica;font-size:12.8px"><br></div><div dir="ltr" style="font-family:Helvetica;font-size:12.8px"><font color="#000000">E:</font><font color="#888888"> </font><a href="mailto:anna@positivemoney.org.uk" style="color:rgb(17,85,204)" target="_blank">anna@positivemoney.org.uk</a><br><font color="#000000">W:</font><span style="color:rgb(136,136,136)"> <a href="https://positivemoney-org-dot-yamm-track.appspot.com/Redirect?ukey=1W5tFRRsXSdHdLBk76REF5HeDUh9I2jqIiehrGYBBT10-2043125258&key=YAMMID-70762309&link=http%3A%2F%2Fwww.positivemoney.org%2F" style="color:rgb(17,85,204)" target="_blank">www.positivemoney.org</a></span></div><div dir="ltr" style="color:rgb(136,136,136);font-family:Helvetica;font-size:12.8px"><br></div><div dir="ltr" style="font-family:Helvetica;font-size:12px"><span style="font-size:12.8px"><i><font color="#000000">Positive Money is a company limited by guarantee registered in England and Wales. Registered number 07253015. Registered office: 303 Davina House, 137-149 Goswell Road, London EC1V 7ET</font></i></span></div></div></div></div>
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</div><br clear="all"><div><br></div>-- <br><div dir="ltr" class="gmail_signature" data-smartmail="gmail_signature"><div dir="ltr"><div>P2P Foundation: <a href="http://p2pfoundation.net" target="_blank">http://wiki.p2pfoundation.net</a> - <a href="http://blog.p2pfoundation.net" target="_blank">http://blog.p2pfoundation.net</a> <br><br>Discuss: <a href="http://lists.ourproject.org/cgi-bin/mailman/listinfo/p2p-foundation" target="_blank">http://lists.ourproject.org/cgi-bin/mailman/listinfo/p2p-foundation</a><br><br>Updates: ; <a href="http://twitter.com/mbauwens" target="_blank">http://twitter.com/mbauwens</a>; <a href="http://www.facebook.com/mbauwens" target="_blank">http://www.facebook.com/mbauwens</a></div><div><br></div><div>Curation of news on p2p/commons developments: <a href="https://www.facebook.com/groups/p2p.open/" target="_blank">https://www.facebook.com/groups/p2p.open/</a><br><br><br><br><br></div></div></div></div>