Connect with us

Newsdesk

The World Needs to Move Faster on Climate Change to Avoid Disaster

Newsroom

Published

on

Time is running out for action to stem climate change and, while the world is still debating whether the change is real, weather migrants and refugees are becoming a reality, experts told a session on environmental risks at the World Economic Forum.

In a few months’ time, Cape Town in South Africa will become the first major city in the world to completely run out of water, if nothing changes before then, as a result of drought. Other parts of the world are facing weather-related crises on a similar scale.

There is insufficient urgency in meeting the goals on climate change set in the Paris Agreement and more radical measures are required to address the issues, speakers said.

The issues of environment and sustainability need to be pushed to the top of the corporate agenda as the problem is too large for governments alone to tackle. “We need a new contract between capital, corporations and government,” said Philipp M. Hildebrand, Vice-Chairman, BlackRock Inc.

He said he was starting to see a “sea change” in the way corporations are looking at climate issues. This relates, in part, to the transfer of wealth to a generation that cares about sustainability and climate issues, and also to the growing commitment by companies to environmental, social and governance principles, especially as research is starting to show that these practices, when integrated into business, may actually offer better returns to investors.

Al Gore, Vice-President of the United States (1993-2001); Chairman and Co-Founder, Generation Investment Management, USA, said humanity still has the opportunity to take control of its destiny but it will only happen if more people accept the imminent danger and cost of climate change. This is beginning to happen. “There is a building wave. We are in the early stages of a sustainability revolution. It has the magnitude of the Industrial Revolution but the speed of the digital revolution,” he said. However, he cautioned, time is of the essence.

Peter O’Neill, Prime Minister of Papua New Guinea, said the climate issue had become more mainstream in conversations over the past few years but this did not help countries such as his, which recently experienced a long drought that precipitated serious food shortages. He warned that climate change not only threatened communities but also nations. At least a third of countries in the African, Caribbean and Pacific Group of States, to which Papua New Guinea belongs, are in danger of disappearing as a result of climate change.

“The world seems to think they have time. But there are real communities already suffering,” he said.

Hindou Oumarou Ibrahim, Coordinator, Association for Indigenous Women and Peoples of Chad (AFPAT), Chad, said the rainy season was now much shorter, causing hardship for local farmers. Lake Chad is an example of an extreme weather development, with 90% of the lake having evaporated over the past 40 years. This has resulted in food shortages and an increase in conflict among lakeside communities over resources.

She said local solutions to the problem are necessary as countries cannot wait for solutions to be crafted at a global level. “It is difficult to change the consumer behaviour of people trying to survive. Energy is a luxury for a country like mine.” She added her voice to the call for faster and more radical change to turn the situation around.

A spotlight was shone on the consumer as a driver of change. If individuals insist on climate and environmentally friendly alternatives, it will pressure manufacturers and other companies to change the way they operate and what they provide. Governments can also use incentives and legislation to change behaviour.

Renewable energy is widely seen as a significant part of the solution in the fight against climate change, particularly as costs have dropped dramatically. However, the reality is that more than 30% of energy is provided by fossil fuels and this will not change dramatically in the near future unless cheap and easy solutions are found to store alternative energy.

Continue Reading
Comments

EU Politics

EU Interreg programme celebrates 30 years of bringing citizens closer together

Newsroom

Published

on

The year 2020 marks 30 years since the start of Interreg, the EU’s emblematic programme that aims at encouraging territorial cooperation between border regions. In light of this celebratory year, Commissioner for Cohesion and Reforms, Elisa Ferreira,issued the following statement:

Interreg is a programme that is very dear to my heart. As a unique instrument of cooperation, supported by cohesion funding, Interreg allows regions and countries to work together to solve common challenges. Interreg projects are concrete examples that borders do not have to be barriers, but can be an opportunity for growth and successful cooperation. Over the past 30 years, and thanks to numerous projects supported by the EU, Interreg has brought the more than 170 million Europeans living in border regions closer together, improved their lives, and created new opportunities for cooperation.

The 30 year celebration of Interreg happens in a crucial time of the EU’s history. As we face serious global and local challenges, we need to regain citizens’ trust and ensure we deliver. Interreg has been acting now for 30 years to leave no one behind and to build Europe brick-by-brick. The intention is to continue this mission but also to use this celebrative occasion to question, to re-think, and to give a new breath to what we consider as a fundamental value in the European Union: the spirit of cooperation, driven by the firm belief that we are stronger together.”

Background

Launched in 1990, the European Territorial Cooperation (ETC), better known as Interreg, is an emblematic Cohesion Policy programme that provides a framework for the implementation of joint actions and policy exchanges between national, regional and local actors from different Member States. The overarching objective of European Territorial Cooperation (ETC) is to promote a harmonious economic, social and territorial development of the Union as a whole. Interreg is built around three strands of cooperation: cross-border (Interreg A), transnational (Interreg B) and interregional (Interreg C).

Five programming periods of Interreg have succeeded each other: INTERREG I (1990-1993) – INTERREG II (1994-1999) – INTERREG III (2000-2006) – INTERREG IV (2007-2013) – INTERREG V (2014-2020).

The Interreg cooperation programmes cover the entire European continent with a total budget of over €12 billion, including EU and Member States’ contribution, during the 2014 – 2020 programming period.

The Interreg 30 year campaign will roll out throughout 2020 under the themes: neighbours, green and youth. The campaign will take stock of the past achievements and look forward to what can be done more and better in the future.

Continue Reading

Environment

WWF: US Will Suffer World’s Biggest Economic Impact Due to Nature Loss

Newsroom

Published

on

A new World Wildlife Fund report reveals for the first time the countries whose economies would be worst affected over the next 30 years if the world doesn’t act urgently to address the global environmental crisis.

The study, Global Futures, which calculated the economic cost of nature’s decline across 140 countries ranging from India to Brazil, shows that if the world carries on with “business as usual,” the United States would see the largest losses of annual GDP in absolute terms, with $83 billion wiped off its economy each year by 2050 – an amount equivalent to the entire annual GDP of Guatemala.

“This groundbreaking report shows that the U.S. will suffer the world’s biggest economic impact due to nature loss,” said Rebecca Shaw, chief scientist, World Wildlife Fund. “We cannot envision a just and stable country, and a prosperous economy, if forests disappear, pollinators vanish, biodiversity collapses and rivers and the ocean are depleted. Continuing with business as usual could lead to disastrous outcomes. We need governments and corporations to halt nature loss and tackle this planetary emergency.”

The Global Futures study used new economic and environmental modeling to assess what the macroeconomic impact would be if the world pursued “business as usual,” including widespread and land-use change, continued increase in emissions of greenhouse gases, and further loss of natural habitats. It found this status quo approach would cost the world at least $479 billion a year, adding up to $9.87 trillion by 2050 – roughly equivalent to the combined economies of the UK, France, India and Brazil.

In contrast, under a scenario in which land-use is carefully managed to avoid further loss of areas important for biodiversity and ecosystem services, which the study terms the ‘Global Conservation’ scenario, economic outcomes would be dramatically better, with global GDP rising by $490 billion per year above the business as usual calculation.

Japan and the UK also stand to lose staggering amounts – $80 billion and $21 billion every year respectively. The projected economic losses in the United States, Japan and UK are due largely to expected damage to their coastal infrastructure and agricultural land through increased flooding and erosion as a result of losses of natural coastal defenses such as coral reefs and mangroves.

Developing countries will also be badly affected, with Eastern and Western Africa, central Asia and parts of South America hit particularly hard, as nature loss impacts on production levels, trade and food prices. According to the report, the top three countries predicted to lose the most as a percentage of their GDP are Madagascar , Togo and Vietnam , which by 2050 are expected to respectively see declines of 4.2 percent, 3.4 percent and 2.8 percent per year.

“It’s difficult for many people to conceptualize the true value of nature and the many benefits it provides to humanity,” says Shaw. “This report translates nature loss into country-specific economic terms – a tangible and powerful way to galvanize action from private sector leaders and government officials.”

This pioneering method of analysis was created through a partnership between WWF , the Global Trade Analysis Project at Purdue University, and the Natural Capital Project, co-founded by the University of Minnesota.

Steve Polasky, Co-Founder of the Natural Capital Project, said: “The world’s economies, businesses and our own well-being all depend on nature. But from climate change, extreme weather and flooding to water shortages, soil erosion and species extinctions, evidence shows that our planet is changing faster than at any other time in history. The way we feed, fuel and finance ourselves is destroying the life-support systems on which we depend, risking global economic devastation.”

Thomas Hertel, Executive Director of the Global Trade and Analysis Project, said: “The science and economics are clear. We can no longer ignore the strong economic case for restoring nature. Inaction will cost us far more than actions aimed at protecting nature’s contributions to the economy. To ensure positive global futures, we need to achieve more sustainable patterns of production and land use, and reform economic and financial systems to incentivize nature-based decision making.”

Continue Reading

Newsdesk

Justin Trudeau meets African leaders to advance conflict resolution and economic security

Newsroom

Published

on

Canada’s Prime Minister Justin Trudeau convened a meeting for African heads of state, foreign ministers and representatives of the United Nations and other multilateral bodies on Monday to discuss ways to secure peace across the continent as a necessary condition for prosperity.  

Trudeau, the 2020 chair of the United Nations Peacebuilding Commission, called for cooperation among international partners and governments to create economic opportunity and prosperity that is broadly shared, “…as a way not just of countering the pull of extremism in some places or the cynicism of populism, but as a way of building a real and tangible future for countries around the world.”

The breakfast meeting, which was held on the sidelines of the 33rd African Union Summit in Addis Ababa, was intended to strengthen the Commission’s partnership with the African Union (AU) and to better integrate African priorities in conflict prevention and bolstering economic security. Among issues discussed were the role that international financial institutions and youth job creation can play in Africa in averting extremism and conflict; and the AU leadership in peacekeeping and peacebuilding efforts.    

The talks, titled Sustaining Peace and Economic Security, aligned with the Summit’s theme: Silencing the Guns: Creating Conducive Conditions for Africa’s Development.   

Trudeau acknowledged that one of the biggest challenges both developed and developing countries face is the perception that governments are indifferent.

“In this time of change, in this time of transformation of the global economy, time of conflict, time of climate conflict, people worry that the system has no place for them and isn’t providing them with what they need,” the Canadian Prime Minister said. 

Among participants were President Roch Marc Christian Kabore of Burkina Faso; the Vice President of Gambia, Isatou Touray; President of the United Nations General Assembly, Tijjani Muhammad-Bande, Vera Songwe, Executive Secretary of the United Nations Economic Commission for Africa, and the foreign ministers of Sierra Leone and Rwanda.

President Kabore offered his reflections on the issues. Burkina Faso is one of several nations in the Sahel region that have seen economic growth adversely affected by conflict and instability.    

In opening remarks, African Development Bank President Akinwumi Adesina noted the shifting nature of conflicts across Africa. While the number of outright wars in Africa has declined substantially, they have been replaced with greater fluidity with rising cases of terrorism, extremism, conflicts from non-state actors.

The root causes of conflict, according to Adesina, include “rising inequalities, lack of political inclusiveness, extreme poverty, management and control over natural resources, youth unemployment that causes social unrest, climate change, to name a few.”

The Bank is at the forefront of helping to address fragility in Africa with several initiatives currently under way. So far, $3.8 billion has been allocated to address issues of fragility through the Transition State Support Facility.  

Adesina recognized the role Canada plays in enabling the Bank’s work.

“The successful replenishment of the Bank’s African Development Fund 15 – to which Canada contributed substantially with $355 million – will allow the Bank to deploy an additional $1.2 billion to address fragility, strengthen resilience and sustain peace and economic security,” he said.

Continue Reading

Publications

Latest

EU Politics55 mins ago

EU Interreg programme celebrates 30 years of bringing citizens closer together

The year 2020 marks 30 years since the start of Interreg, the EU’s emblematic programme that aims at encouraging territorial...

Americas3 hours ago

Impeachment & Intervention: Where American Foreign Policy Goes Wrong

To any ordinary American citizen, it’s well known that government spending is spiraling out of control. The U.S. budget deficit...

Eastern Europe5 hours ago

President Zelensky at the MSC 2020: An Epistemological Shift toward Reconciliation

On Saturday February 15, Ukrainian President Zelensky reiterated his pledge to end the conflict in the Donbas during his tenure,...

Americas7 hours ago

Former Senator Moise Jean-Charles to Win the Next Haitian Presidential Election

The former Senator, Moise Jean-Charles is the founder and leader of the powerful political party called Platfòm Pitit Desalin or...

Environment9 hours ago

WWF: US Will Suffer World’s Biggest Economic Impact Due to Nature Loss

A new World Wildlife Fund report reveals for the first time the countries whose economies would be worst affected over...

Newsdesk11 hours ago

Justin Trudeau meets African leaders to advance conflict resolution and economic security

Canada’s Prime Minister Justin Trudeau convened a meeting for African heads of state, foreign ministers and representatives of the United...

Reports13 hours ago

“Westlessness”: Munich Security Report 2020

Is the world becoming less Western? Is the West itself becoming less Western, too? What does it mean for the...

Trending