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Industry committee Sure. I'll take each point as they come. On the short-run and long-run economic multipliers, the benefits of clean energy investment are that they can be quite job heavy in the short-term. In being job-heavy, as long as you're employing domestically skilled labour, you're able t
April 27th, 2021Committee meeting
Brian O'Callaghan
Industry committee Sure. First, I would just go back to the retraining piece and say that it's not just green retraining that we've missed. It's retraining everywhere. It is a very difficult thing to do at scale, which is why I think many governments have stayed away from it. One potentially usef
April 27th, 2021Committee meeting
Brian O'Callaghan
Industry committee Absolutely. Thank you for the question. It's a great one. I think the idea that oppressive environmental investment is bad for the economy is, honestly, at this point a misnomer. That was true 20 years ago when the cost of many of these interventions were prohibitive. Now, becau
April 27th, 2021Committee meeting
Brian O'Callaghan
Industry committee I would state that the retraining piece is the biggest missing component in most developed economies. If any participant is interested in seeing the breakdown of current spending, you can either go to look at the Global Recovery Observatory or a paper titled “Are We Building Back
April 27th, 2021Committee meeting
Brian O'Callaghan
Industry committee Thank you very much, Ms. Chair. Thank you to the standing committee for the humbling invitation to testify. I'm speaking today in my role as lead of the Oxford University economic recovery project here at the Smith School of Enterprise and the Environment in Oxford. Put simply
April 27th, 2021Committee meeting
Brian O'Callaghan