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
Economic growth measure fails on green front The UK economy shrank by 9% in 2020 but bounced back in 2021, growing by 7.5%. This year, it is expected to grow by 3.6%. These numbers matter a lot to the government, but there is increasing debate about how relevant they are to setting economic policies to tackle the… Read More… IPCC Working Group lll report on mitigation of climate change António Guterres Climate activists are sometimes depicted as dangerous radicals. But the truly dangerous radicals are the countries that are increasing the production of fossil fuels. Investing in new fossil fuels infrastructure is moral and economic madness. Christiana Figueres The IPCC report tells us we are on a suicidal path.… Read More… Call for new approach to measure progress towards net zero The Environmental Audit Committee has written to both the Chancellor and the Office for National Statistics (ONS) to ask for estimates of greenhouse gas emissions to be published alongside GDP figures to indicate whether economic growth and slashing emissions can be achieved together. This follows the committee’s inquiries in February… Read More… Environmental Audit Committee Inquiry on Aligning the UK’s economic goals with environmental sustainability: Part 2 – 2 March 2022 Following Part 1 of the enquiry this part questioned witnesses on how environmental sustainability could be incorporated better into the economic measurements that guide Government policy. The full inquiry of over an hour can be viewed on parliamentlive.tv however we have separated out the following clips covering the discussions around… Read More… Environmental Audit Committee Inquiry on Aligning the UK’s economic goals with environmental sustainability: Part 1 – 9 Feb 2022 A fascinating in depth inquiry into how government policy could move away from GDP as the prime measure of national prosperity to encompass other, more meaningful, measures for social and environmental wellbeing and to consider issues such as a post-growth world, non-monetary capital and inequality. The remit of the Environmental… Read More… 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…