The role of the ACT Economy and Business Group is to build relationships across the Teignbridge area and help create a regenerative low carbon economy. We aim to educate, communicate, and collaborate across the district, and to propose realistic policies and initiatives necessary to meeting Teignbridge District Council’s declared objective of being carbon neutral by 2025.
We need to learn/share best practice locally, regionally and nationally. We also need to bring our community with us if we are to be successful in delivering a sea-change in attitudes and behaviour for a modern economy. This work across the district seeks to be an important part of the puzzle for the green recovery we need to help us move through the covid crisis, the climate and ecological crises, and the economic changes needed to resolve them.
Educate our members and residents in Teignbridge through educational experiences, resources and events
Communicate and build a narrative for an inclusive planet friendly economy that meets the needs of local people
Collaborate and engage with Teignbridge District Council, town and parish councils, community groups, businesses, organisations and residents in the district, and anyone who supports a regenerative economy
Develop projects that help ACT achieve the vision of a low carbon Teignbridge where residents are actively engaged in building communities and economies that are sustainable, resilient and healthy
If you are interested and can contribute please contact us.
If you wish to contribute ideas or see what others are suggesting please visit the forum.
We also have a new ACT economy and business facebook group.
You can also follow us and interact on twitter via @ACTteignEconomy
Use the hashtag #ACTteign
Why are climate and nature getting the short straw with government spending? 1. Introduction When considering how to mitigate the effects of the climate and nature emergency, or what has to be done to adapt to the effects we can’t mitigate sufficiently, the talk will mostly involve a myriad of practical things like switching to renewable energy, electrifying transport, changing the way… Read More... Why are climate and nature getting the short straw with government spending? 2. The banks, the government, and that Money Tree Back in the late 1970s, after qualifying as an accountant, I went to work for a large city practice. I was told by those who had experience of them that, if I valued my will to live, I should avoid bank… Read More... Why are climate and nature getting the short straw with government spending? 3. The mythical government purse Back in the 1970s & 80s, my prime function as an accountant revolved around the concept that tax was an overhead not an obligation and so, according to clients and my bosses, it was my job to keep their tax bills as low as possible.… Read More... Why are climate and nature getting the short straw with government spending? 4. Government “borrowing” As an accountant I was reasonably cautious in advising clients over their finances, but was anything but cautious with my own. I spent several years accumulating maximum balances on credit cards and overdrafts only to resort to what were known as “consolidation loans” in which various banks… Read More... Why are climate and nature getting the short straw with government spending? 5. So what is Quantitative Easing (QE)? Before describing the process, whilst MMT sees QE through a different lens, proponents of MMT are not generally in favour of it. As mentioned above, before 1971, the quantity of pounds the government could put into circulation was limited. This was because, following… Read More... Why are climate and nature getting the short straw with government spending? 6. Further reading Banks really are magic money trees - an article by Positive Money TED talk by Stephanie Kelton - on deficits not being a problem under MMT Power of the Pound - a video explaining the concept of MMT for the UK Government debt and Covid 19 -… Read More... An economy for climate & nature More often than not, when discussing what needs to be done about the climate-nature emergency, thoughts turn to practical issues around reducing greenhouse gas emissions and other impacts we have on the natural world. If we are lucky, and we don’t get distracted by promises of future technical solutions to… Read More... Government releases its Hydrogen Strategy Number 2 of the Government’s 10 Point Plan: “Working with industry aiming to generate 5GW of low carbon hydrogen production capacity by 2030 for industry, transport, power and homes, and aiming to develop the first town heated entirely by hydrogen by the end of the decade” On 17 August 2021… Read More... Six Months to COP26 In the lead up to COP26 debates are intensifying over some key issues, some of which have rumbled on for over a decade, passing through and beyond COP21 in Paris more than five years ago. Explored in part in our website post Know your Net Zero from your NETs and… Read More...