November 2008 New Economic Foundation has published report with telling title: "Triple Crunch. Joined-up solutions to financial chaos, oil decline and climate change to transform the economy" 1 . This was a reference to the collapse of the financial markets starting in 2007, the rise of oil prices on world stock exchanges in the middle of the same year and the ongoing climate change, to which, according to the Intergovernmental Panel on Climate Change, humans have been contributing as a result of warming the atmosphere, ocean and land 2 . In the aforementioned study of the New Economics Foundation, it was stated: "(…) instead of making the usual predictable trade-offs, a new approach could be taken, one that joins up the need to cope with the impacts of peak oil and climate change, as well as kick-starting the economy. A unique opportunity has presented itself to tame and control the financial system so as to put it at the service of our society, to set us on a more sustainable, secure and fairer trajectory" 3 . Since 2008, it has been held discussions in various forums on the causes, particularly of the financial and real economy crisis, and the search for ways out of it, with a view to shaping the development framework in the long term, taking into account the issue, that the basis of management must be changed. For example, United Nations Environment Programme has encouraged countries to introducing "green stimulus packages" 4 . In the European Union, in the period 2008 -2009, there were adopted two key documents, which significantly referred to the postulates of UNEP. The first one -"A European Economic Recovery Plan", which one of two key pillars was smart investment defined as "investing in the right skills for tomorrow's needs; investing in energy efficiency to create jobs and save energy; investing in clean technologies to boost sectors like construction and automobiles in the low-carbon markets of the future; and investing in infrastructure and inter-connection to promote efficiency and innovation" 5 . Therefore, it can be pointed out that the European Union was dealing with "sustainable recovery". According to the International Energy Agency 6 : "the 2008 European Economic Recovery Plan included a substantial green stimulus directed to several areas, including: − energy efficiency, with the aim of creating jobs and saving energy 1 R. Potts, (2008). Triple crunch. Joined-up solutions to financial chaos, oil decline and climate change to transform the economy, New Economics Foundation, London, https://neweconomics.org/uploads/files/91cd89d66b0d556628_stm6bqsxi.pdf (accessed at 09.05.2022). 2 IPCC, (2021). IPCC Sixth Assessment Report. Working Group 1: The Physical Science Basis. Summary for Policymakers, 4, https://www.ipcc.ch/report/ar6/wg1/downloads/report/IPCC_AR6_WGI_SPM.pdf (accessed at 09.05.2022). 3 R. Potts, (2008). Triple crunch. Joined-up solutions to financial chaos, oil decline and climate change to transform the economy, New Economics Foundation, London, p. 13, https://neweconomics.org/upload...
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