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With or Without a Global Treaty, Businesses Must Take the Lead on Climate Change

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The private sector must assume the mantle on climate change in the absence of a global agreement, whatever transpires at the UN Climate Summit in New York this month and other upcoming high-level climate change meetings.

 

Renewed attention to climate change by China, the United States and the European Union is creating space for business to engage in a new operating environment in which governments are creating frameworks for innovation and international financial institutions are increasingly funding climate change projects.

“Creating a stable framework has helped our businesses create the solutions we need to combat climate change,” said Rasmus Helveg Petersen, Minister of Climate, Energy and Building of Denmark. “The transition from black to green economies will only be achieved when businesses can make decisions. We need to recognize the need for profitability when we do our regulatory work.”

Xie Zhenhua, Vice-Chairman, National Development and Reform Commission, People’s Republic of China, and China’s lead negotiator on climate change at the United Nations, called on businesses and governments to respond to the climate change challenge. “We need to find a circular pathway to development,” he said. “Businesses need profit, but they need to find a way to achieve common prosperity. If we can do that, we can respond to the climate change challenge and turn the world into a more beautiful place.”

The Inter-American Development Bank has devoted 22% of its total lending towards climate change related issues, said Luis Alberto Moreno, President, Inter-American Development Bank, Washington DC; World Economic Forum Foundation Board Member. “There is huge innovation taking place in the private sector around solutions. This is happening in the absence of a global agreement. This is the most exciting part of what we are seeing today.”

Many businesses through their supply chains and manufacturing processes are using technology to reduce their emissions to reduce costs. Others are technology pioneers, breaking new ground in the fight against climate change. Mark Herrema, Co-Founder and Chief Executive Officer, Newlight Technologies, USA, said: “What is missing is something to bridge the gap between what we need to address [in terms of climate change] and people who ask why they cannot use carbon to growth their businesses,” he said. “Industry is taking climate change into their own hands and sequestering carbon.”

Feike Sijbesma, Chief Executive Officer and Chairman of the Managing Board, Royal DSM, Netherlands, said the public and private sectors must work together but that business must take the lead. “Mother Earth is not helped by targets and good intentions, but real innovations to change things,” he said. “We in the private sector cannot hide ourselves behind the lesser progress made in public debates.”

Panellists, with the exception of Herrema, were optimistic about the potential for a global agreement on emissions reduction in Paris in December 2015. Petersen said: “We are all committed to reaching an agreement in Paris. This is where the work begins, not where it ends.” Moreno said that the absence of an agreement is “terrible for humanity”, but he remains optimistic. Xie pointed out that during negotiations with various governments he has heard no opposition to an agreement. Herrema noted that in his community, it is assumed there will be no agreement. “We have to fix the problem, assuming this is the case,” he said.

Xie chastised the European Union for its unstable carbon market. The price of carbon has plummeted since the EU Emissions Trade Scheme was launched, purportedly as the core of the international carbon market. Its cap-and-trade system offers businesses quotas, which Xie claimed acts as a deterrent. “Businesses have no incentive to reduce their emissions and that is why the market is so low,” he said. “In Paris we need to set a robust global reduction target for 2030. If this is done, there can be an international market for carbon.”

Xie pointed out that the stability of the carbon market has a direct effect on climate change negotiations. “Stable and long-term emission targets are needed so businesses can see the prospects of the carbon market,” he added.

Referring to carbon credit derivatives, Sijbesma advocated for more market control of carbon trading. “The private sector doesn’t know what to base future investments on. The carbon market should not be a new toy in the hands of the financial world to speculate and trade upon,” he said.

The session comes 10 days before the UN Climate Summit in New York, which aims to drive action towards achieving an accord on climate change at the end of 2015. China and the United States have renewed their attention on climate change recently, with commitments to reduce carbon intensity, improve energy efficiency and clean energy generation.

The UN Secretary-General and the Executive Secretary of the UN Framework Convention on Climate Change (UNFCCC) have invited the World Economic Forum to advance public–private collaboration to deliver climate solutions. More than 200 business leaders together with heads of international institutions and non-governmental organizations took part in an unprecedented number of climate change sessions at the Forum’s Annual Meeting 2014 in Davos-Klosters. The Forum has taken this dialogue further to drive action on several key areas of focus of the UN Climate Summit in New York, which starts on 23 September 2014. Progress on this will be shared at the summit.

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India to host World Environment Day 2018

MD Staff

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Today, Dr. Harsh Vardhan, Minister of Environment, Forest and Climate Change, and Erik Solheim, United Nations Under-Secretary-General and Head of UN Environment, jointly announced that India will be hosting the global World Environment Day celebrations on 5 June 2018.

“Beat Plastic Pollution”, the theme for World Environment 2018, urges governments, industry, communities, and individuals to come together and explore sustainable alternatives and urgently reduce the production and excessive use of single-use plastic polluting our oceans, damaging marine life and threatening human health.

“India is excited to host the World Environment Day this year on June 5. Indian philosophy and lifestyle has long been rooted in the concept of co-existence with nature. We are committed to making Planet Earth a cleaner and greener place”, said Dr. Harsh Vardhan.

He added: “If each and every one of us does at least one green good deed daily towards our Green Social Responsibility, there will be billions of green good deeds daily on the planet.”

The Government of India has committed to organizing and promoting the World Environment Day celebrations through a series of engaging activities and events generating strong public interest and participation. From pan-Indian plastic clean-up drives in public areas, national reserves and forests to simultaneous beach clean-up activities – India will lead the initiative by setting an example.

“India will be a great global host of 2018’s World Environment Day celebrations,” said Erik Solheim at the announcement on Monday.

He added: “The country has demonstrated tremendous global leadership on climate change and the need to shift to a low carbon economy, and India will now help galvanize greater action on plastics pollution. It’s a global emergency affecting every aspect of our lives. It’s in the water we drink and the food we eat. It’s destroying our beaches and oceans. India will now be leading the push to save our oceans and planet.”

India is emerging as a leader, given it has one of the highest recycling rates in the world. It can be instrumental in combating plastic pollution. By hosting World Environment Day 2018, the Indian government is accelerating its leadership on an issue of tremendous magnitude.

World Environment Day is a UN Environment-led global event, the single largest celebration of our environment each year, which takes place on June 5 and is celebrated by thousands of communities worldwide.

Since it began in 1972, it has grown to become a global platform for public outreach that is widely celebrated across the globe.

Most of all, World Environment Day is a day of everyone around the world to take ownership of their environment and to actively engage in the protection of our earth.

Plastic Pollution facts:

  • Every year the world uses 500 billion plastic bags
  • Each year, at least 8 million tonnes of plastic end up in the oceans, the equivalent of a full garbage truck every minute.
  • In the last decade, we produced more plastic than in the whole last century
  • 50 percent of the plastic we use is single-use or disposable
  • We buy 1 million plastic bottles every minute
  • Plastic makes up 10% of all of the waste we generate

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Coral reefs: We continue to take more than we give

MD Staff

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Maaenboodhoo, Maldives Photo by Ishan @seefromthesky on Unsplash

Figures released today on international financial support being given to protect and sustainably manage the world’s coral reefs reveal funding contributions are not only inadequate, but disproportionate to how much the fragile ecosystems offer humans in food, livelihoods, medicine and environmental protection.

Coral reef ecosystems provide society with resources and services worth $375 billion per year. They house 25 percent of all marine life, feeding hundreds of millions of people; they enable discovery of new pharmaceuticals and provide work and income through the tourism and fisheries industries.

Yet we have lost at least one fifth of the world’s coral reefs, with some estimates placing the loss of live coral as high as 50 per cent. These vital ecosystems are being rapidly degraded as a result of warming sea temperatures due to climate change, overfishing, destructive fishing, ocean acidification, and a range of land-based activities. A recent study in the Asia-Pacific region also found that coral reefs are contaminated by 11 billion pieces of plastic, which are leading to coral disease.

The coral reef funding analysis, conducted by UN Environment, the International Coral Reef Initiative and the UN Environment World Conservation Monitoring Centre, found that in the 83 countries surveyed, there was an increase in funding between 2010 and 2016 in response to global and regional policy commitments on environmental management and protection, but that the more than $1.9 billion currently being invested is not commensurate with the economic and social gains we make from coral reefs.

The value of a single hectare of coral reef in terms of tourism, shoreline protection and fisheries is, on average, $130,000 per year, and as much as $1.25 million where the tourism sector is large. Travel and tourism, much of it dependent on reefs, contribute a third of the GDP in the Caribbean for example, and as much as 80 percent in the Maldives.

Coastal fisheries supported by coral reefs contribute to food security of hundreds of millions of coastal dwellers, providing 70 per cent of the dietary protein of Pacific islanders. Coral reef organisms are a source of many medicines, such as antiviral drugs and the anticancer agent Ara-C used in chemotherapy for leukemia and lymphoma.

The analysis reveals annual investment in maintaining healthy reefs through overseas development assistance is only 0.07 percent of the value of the societal benefits we draw from them. And of this investment, the majority of funding for work related to coral reefs and associated ecosystems is driven by a small number of funders, with nearly three-quarters of all projects consisting of small-scale initiatives.

Funded projects for coral reefs and associated ecosystems were identified in a total of 83 countries and territories, out of more than 100 countries and territories where tropical corals are known to exist. Some countries with a large coral reef area were found to be receiving comparatively low amounts of donor funding per unit area of reef. Out of the 314 projects surveyed, 279 focused on a single country – Tuvalu.

Funding is essential for sustainable management of coral reefs and associated ecosystems worldwide. But greater consideration of these ecosystems as blue economy assets is required, both in the public and private sector, to enable more and more diverse investment, and in the longer term reduce reliance on donor funding.

“If greater action is not taken today, the planet could lose its live coral reefs and with them a large number of the world’s marine species by 2050,” said Gabriel Grimsditch of UN Environment’s Marine and Coastal Ecosystems Branch.

“The necessary change will only be possible when mindsets change, in the general public, among financial decision makers, and also in the environment sector.”

The Funding Analysis was conducted by UN Environment, the International Coral Reef Initiative (ICRI) and the UN Environment World Conservation Monitoring Centre, and was funded by the Government of France.

2018: The International Year of the Reef

The International Coral Reef Initiative (ICRI) has declared 2018 the International Year of the Reef. UN Environment together with partner organizations is helping to drive a worldwide campaign to raise awareness about the value and importance of coral reefs and threats to their sustainability, and to motivate people to take action to protect them. All individuals, corporations, schools, governments, and organizations are welcome and actively encouraged to participate in IYOR 2018.

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Sustainable Yemen programme recycles waste as school materials

MD Staff

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© Yemeni National Commission for UNESCO/sub-unit in Hodeidah City

An innovative project recycling and transforming waste into educational tools and art forms is one of many sustainable development schemes coordinated by the local sub-unit of the Yemeni National Commission for UNESCO.

The sub-unit, based in the province of Hodeidah with work extending to neighbouring areas, acts to coordinate and implement the multiple activities of projects on Education for Sustainable Development (ESD). It brings together educational, civil and private sector organizations to mobilize communities towards achieving the targets of the Sustainable Development Goals (SDGs) and improving their own environment.

Since 2012, the initiative’s successes include training 60 teachers on the UNESCO course “Education and Learning for a Sustainable Future” and training 320 youth on project management and marketing. It has also established a youth foundation and community college and organized training of trainers.

Project Manager Faisal Ali Ayed said: “The Hodeidah work is particularly important because it is the first project in Yemen that has succeeded in using ESD in a context of large population density and a high percentage of youth facing the multiple challenges of poverty and unemployment.”

Other innovations include using teachers for e-learning, setting up of electronic libraries and collecting funds for poor students to provide breakfast, school meals, school uniform and school bags. Alongside these are awareness campaigns offering information and advice around healthy balanced food, early marriage and HIV/AIDS.

Sustainable development clubs have also been established in some schools to promote community activities related to all dimensions of sustainable development (environmental, social and economic).​

Mr Ayed explained why the work had been so successful. “The project has a really dedicated team and collaborating partners. For that reason, the project has achieved real transformation in practices in schools and community and at the same time has received huge media attention so the impact is spread.”

For the future, there are plans to expand the implementation of ESD projects, increase the number of the beneficiaries of educational institutions, in particular youth and women, spread the work to the neighbouring provinces of Hajjah and Rimah where six major projects will be implemented to train school principals, teacher trainers, educators, women and young people on ESD.

An important aspect of the work is enabling young people and women to enter or re-enter the labour market. So far, 920 youth and women have received life and professional skills training and help on integration into the labour market.

“The project has contributed to empowering women to participate in community development as well as changing society’s vision of the role of women and enabling the acceptance of different roles for women in society,” said Mr Ayed.

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