In a new TCB report with Clean Energy Canada and Center for American Progress, experts provide a deep dive into Canada, the United States and Germany's green public procurement policies and explore how strengthening and cooperating on these measures could place Europe and North America on a fast track towards industrial decarbonization. Read more here: https://lnkd.in/e5UxFhwp
Canada, the United States, and Germany each have strong industrial sectors that need to be rapidly decarbonized to thrive in a net-zero future. Creating demand for low-carbon construction materials such as steel and concrete will be a key piece of the puzzle. Government spending makes up a significant share of these markets and, when wielded strategically, can be an important driver of change. In 2019, government procurement spending made up: 🇩🇪 17% of GDP in Germany, 🇨🇦 13% of GDP in Canada, 🇺🇸 11% of GDP in the United States. Green public procurement can create demand for low-carbon products and encourage industries to invest in decarbonization. Germany, Canada, and the US, as well as their subnational jurisdictions, have started to realize the potential of green public procurement and are launching various ‘Buy Clean’ or GPP policies. In our new paper, written with the Center for American Progress and adelphi as part of the Transatlantic Climate Bridge, we compare the progress on green public procurement in these three countries. While GPP policies are aimed at national spending, they often affect global markets in construction materials such as steel. Aligning Buy Clean policies can significantly increase the positive impact, creating even greater market certainty for industries looking to make high-cost moves to decarbonize. We therefore set out recommendations in the report on how to coordinate and harmonize Buy Clean efforts across the Atlantic. Thank you Michael Williams, Mary Hellmich and Oliver Sheldrick for the great collaboration! https://lnkd.in/emKrMmnV #climatepolicy #industrialpolicy #transatlantic #buyclean