29 Apr The Spanish Green Growth Group urges a green economic recovery
The health crisis of COVID-19 is the most important crisis that society is facing since the Second World War and measures taken to address it are triggering a paralysis of significant economic and social activities at a global level.
In the short term, governments –with the support of the whole civil society- are focusing all efforts on addressing an unprecedented health crisis we are facing and softening the adverse short-term effects of the closure of the economy (fiscal measures, liquidity to makerts…).
In this context, business community in general, and in particular GECV member companies have taken a very active part in the short term response by providing resources to society, business solutions and easy payment terms, specially to those consumers who are part of the most vulnerable groups.
In the medium term, multilateral institutions and governments are working in economic stimulus packages and policies which will bring and injection of billions euros to the economy, with the aim of contributing to the dynamization of the economic growth and to promote employment recovery.
The GECV member organisations consider that these stimulus should fall within and must be in line with actions to address the most pressing challenges in terms of climate action and sustainability, within the roadmap towards a net zero emissions economy by 2050. A economic sustainable and robust growth path will thus be strengthened which will deliver prosperity.
Initiatives that must to be tackled as a matter of urgency in the short term, should not undermine resources and opportunities to reorienting the economic model towards this direction.
Consistent with our position, the GECV supports at European level and in line with the declarations of the President of the European Commission herself, Ursula Von der Leyer, the EU Green Deal full enforce as a policy roadmap towards economic recovery by adopting decarbonization and digitalization as the major strategic lines of action.
In the case of Spain, the GECV believes that accelerating investment associated with the Integrated Energy and Climate Plan and the adoption of the Climate Change Act are a vital starting point to establish the foundation of a strong recovery, aligned with climate objectives and the sustainable development agenda.
The Spanish Green Growth Group is comprised by 50 organisations of all sizes and profiles. They account for more than half of the IBEX35 turnover and close to 40 % of the selective IBEX35 index are already part of the GECV. In terms of employment, it accounts for about 5 % of the Spanish working population, and a growing innovative SMEs representation providing and ambitious approach to seize opportunities resulting in creating value and prosperity in view of environmental challenges is also part of the group. The Spanish Green Growth Group is currently an association created to promote public-private partnership and to make progress to respond to environmental challenges. Climate change mitigation and adaptation solutions, the decarbonisation of the economy and the promotion of a circular economy will undoubtedly come from the business fabric and are essential in a prosperous society.