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Green Planet

We Innovate For Climate Because Our Future Depends On It

MD Staff

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photo: Innovate4Climate

In Frankfurt this week, Innovate4Climate brought together climate leaders who recognized and applauded the growth in climate finance and innovation but noted that much remains to be done to scale up action and get on track to meet the Paris Agreement’s 2°C goal.

The big news coming out of #Innovate4Climate was the launch by the Government of Spain of a new initiative to develop next-generation climate solutions. This represents the first step toward facilitating new climate markets using an instrument that addresses the supply and demand of mitigation outcomes, to attract private investors and new sources of financing in line with the Paris Agreement.

There was standing room only at the presentation of the World Bank’s 2018 edition of the State and Trends of Carbon Pricing report and IETA’s GHG Markets Sentiment Survey. The World Bank report shows that coverage of global greenhouse gas emissions by carbon pricing mechanisms is up by 5 percent compared to last year – now covering about 20% of emissions. There’s a growing sense of optimism about the prospects for emissions trading around the world.

“The conference successfully convened key actors on climate finance from both the private and public sector. I am glad to see that the agenda featured resilient investing and insurance-linked solutions to climate risks. These topics will gain prominence as the impacts of a changing climate require us to rethink conventional business models,” said Simone Ruiz-Vergote, Managing Director at Allianz Climate Solutions.

Participants brought latest examples of financial innovation, business, technology and policy solutions to accelerate mitigation and adaptation.  Sessions on blockchain technology and disruptive technologies to form new systems that save clients time and money drew big crowds, as did presentations at the Pitch Hub on energy efficient lighting and cooking in India by EESL.

With a new optimism and a sense that carbon markets have turned a corner – for example, the average carbon price in the EU’s emissions trading scheme is now above 14 Euros per ton– business is showing renewed interest in investing in climate-smart projects.

Innovate4Climate is about tapping the ideas and ingenuity of a growing community of business, finance, technology, civil society and policy leaders and increasing their role in driving climate action. Everyone has a part to play: governments, for example, can put policies and MRV infrastructure in place; multilateral development banks like the World Bank can help de-risk climate investments through financial and political guarantees; business can increase the use of private investment capital; and civil society can highlight progress while bringing a voice to the most vulnerable people.

“Climate Change is a challenge but also opens enormous opportunities,” said Hans Peter Lankes, IFC Vice President for Economics & Private Sector Development when closing the Summit. “To take these opportunities to their full scale, partnerships, innovation and leadership are critical. Governments must provide enabling regulations; MDBs must help mobilize investors by mitigating risks; and the private sector must come in full force with its capacity to innovate and provide solutions.“

This second Innovate4Climate conference showed, once again, the importance of bringing key climate finance players together to discuss ideas around accelerating decarbonization and presenting concrete solutions and deals.

The World Bank takes an approach it calls “Maximizing Finance for Development” and aims to harness the power of everyone in the room to unlock climate finance.  It involves redefining the approach to development finance, by leveraging the private sector in ways that optimize the use of scarce public resources. Meeting the Paris Agreement’s commitments requires investments at unprecedented speed and scale. The financing needs are monumental but so are the opportunities. Emerging market economies will need about $23 trillion to meet the Paris objectives. Unlocking this potential demands forward-looking policies, innovation and investors with capacity to take some risk.

“Blockchain has the potential to truly transform our global supply chains and create disruption but only when used in combination with other technologies to address the needs of society. We all have a role to play in defining those needs and in finding the new businesses cases to accelerate the transition and affect change.” said Deanna MacDonald, CEO and Co-Founder of BLOC.

There are major challenges ahead, but also solutions and opportunities. The message was loud and clear at I4C: private investment in climate action and green growth is good for the bottom line. And that is a message everyone can get behind.

World Bank

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Green Planet

Blessing In Disguise: The Lockdown-Effect On Environment

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Authors: Deepanjali Jain and Prateek Khandelwal* 

From one Wuhanese to over 4 million humans, the coronavirus has shackled pillars and institutions of our civilisation. The pandemic has socially distanced humans and spread fear which could be gauged from any nook and corner of the world. Though it seems, nature can finally breathe after decades, the signatures of which were visible from space.

As the factories and vehicle closed, dirty brown pollution belts shrunk over industrial centres in the country within days after lockdown. After decades of relentless exploitation, the human footprint on the earth has lightened. The persistent denial by the industrialist got an answer that climate change is real and that it is a reflection of human ‘exploitation’. The overexploitation of nature is fuelled by human greed, where consumption increases production and vice-versa. This vicious cycle depletes the natural ability of environment, which can be sensed in the lockdown months, to balance itself and so disrupts ecology.   

COVID-19 is not only a pandemic; it reflects a broader trend that more planetary crisis is scheduled for upcoming years. While we muddle through each new crisis, with the current economic model, then the repercussions will eventually exceed the capacity of financial institutions to respond. Indeed, the “corona crisis” has already done so. For just climate transition, new economic reforms should have a blueprint for “planned degrowth” that emphasizes on the wellbeing of people over profit margins.

The initial move towards this is assuring the incentives that governments are announcing across the globe are not exhausted on bailing out corporations. Instead, the funds should be allocated to decentralised renewable energy production to implement the ‘Green’ New Deal and create meaningful jobs for ‘the Great Depression’ post-COVID-19. Along with this, the state should enact on the provision of social welfare such as universal healthcare and free education for all vulnerable populations.        

Though set for 2025, by G7 and many European countries, elimination of perverse fossil-fuel subsidies can be done amid the recent oil-price plunge. It is the appropriate moment to deploy renewable energy technologies, which are now globally accessible without any economic barrier and phase out age-old fossil fuel.

A shift from exploitative industry setup to regenerative industries is immediately feasible. Also, it would allow us to sequester carbon emission spread by the current economic framework at a rate that is ample to reverse the ongoing climate crisis. This will have a positive impact on the environment and improve global wellbeing; also, it would turn to be an economically profit-enhancing model.

Though defined with differences and demarcated with boundaries, the planet with various species, nations, and geopolitical issues are ultimately interconnected. COVID-19 narrated that crisis does not observe national or even physical borders; the same is the case with climate change, biodiversity loss, and other environmental problem. Collective actions to curb these from becoming a full-blown crisis can only help in managing these issues. The current rescue plan for battling COVID-19 could usher these changes, as we are getting accustomed to the lifestyle and economic pattern that minimise consuming.

With the idea of sticking with this development structure, Governments can succeed in curbing the Corona epidemic. But we should move a step ahead to do a greater good for society and nature. The use of science can be moulded to construct an economy that will not mitigate the threats of climate change, biodiversity loss, pandemics and other challenges. A green economy should be laid down that has a preamble of nature-based solutions and is geared toward the public good.

Obviously, the circumstances are not ideal, but the rapid reflex actions and response to the virus of mutual aid also illustrates that human society is capable of controlling and working collectively in the face of a grave pandemic. The phase of development which humans are at, they are entrepreneurial and capable to begin again perfectly. If we learn from our failures and embrace this moment of upheaval as an opportunity to invest in shared prosperity, planetary health, and green economy, we can build a brighter future than the one we are heading towards. We have long since exceeded our natural limits; it is time to try something new.

*Prateek Khandelwal is a 2nd Year student pursuing B.B.A., LL.B. (Hons.) from Chanakya National Law University, Patna. 

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Green Planet

How video games are joining the fight to save the planet

Newsroom

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As bush fires were raging across Australia in December 2019, players of Space Ape video games reached out to the company and asked what they could do to help. The London-based firm quickly put an in-game purchase into several of its mobile titles, with all proceeds going to either a wildlife or humanitarian charity working in the area.

In just four days the company raised $120,000.

“That just speaks to how much people want to do good,” said Deborah Mensah-Bonsu, former Head of Content at Space Ape Games, who now runs her own consultancy focused on using games for social impact. 

Now, the video game industry is poised to roll up its sleeves and do even more for the planet. In August 2020, some of the biggest names in mobile gaming unveiled a series of environmentally themed missions and messages that will be integrated into popular titles, such as Angry Birds 2, Golf Clash and Subway Surfers. The additions will encourage players to do things like combat climate change or protect endangered wolves. The initiative is part of a push by the United Nations Environment Programme (UNEP) to work with game developers to raise awareness about pressing environmental issues.

“Video gaming is one of the biggest communication mediums on the planet,” says Sam Barratt, Chief of Education and Advocacy with UNEP. “We aim to support the industry to encourage gamers to be educated, inspired and activated around the wider environmental agenda, and so far it seems to be working.”

Globally, 2.6 billion people play video games and a growing number are taking an interest in the environment and conservation. A 2019 UNEP report, Playing for the Planet, found that video games could engage billions to contribute to solutions to social and environmental challenges.

The video game industry has yearly revenues of $140 billion—more than Hollywood, Bollywood and recorded music sales combined. In 2017, 666 million people watched other people play games on YouTube and Twitch – more than the combined audience of HBO, ESPN and Netflix. According to the UNEP report, channelling even a small portion of that attention and the industry’s revenues towards the planet would create tremendous impact in the real world.

Playing for the Planet

Space Ape is one of 25 members of UNEP’s Playing for the Planet Alliance, an initiative that aims to harness the power of gaming to encourage action on climate change. The project, which launched in 2019, has reached more than 970 million players. In joining the alliance, game companies make commitments, ranging from integrating green activations into games to reducing their emissions to supporting the global environmental agenda. 

The alliance held a Green Game Jam earlier this year which saw 11 mobile game companies compete to add a sustainability element to one of their existing games, a so-called “green nudge.” The objectives included asking players to make personal commitments, like skipping meat on Mondays or biking to work, or designing green environments, solar panels or electric cars into games.

Space Ape, whose game Transformers: Earth Wars contains environmental themes in the original storyline, picked renewable energy. For the updated release, it brought both good and evil Transformers together to find a new technology to harvest Earth’s energy resources more sustainably.

Mensah-Bonsu says that the company also wanted to give players a call to action, so it asked them to take a pledge to switch their lightbulbs from incandescents to LEDs.

California-based Pixelberry Studios focused on climate change in its title “Choices.” The game centres on a young woman who returns to her coastal hometown where there has been a large fish die-off. The girl’s younger sister is convinced the die-off is connected to climate change, despite skepticism from local politicians and business owners. The player’s role is to help their young sister rally others and raise awareness about climate change.

Saran Walker, one of the writers at Pixelberry, said the team had read dozens of articles about younger generations experiencing anxiety around climate change. (A recent survey of millennials — 30,000 individuals under the age of 30 from 186 countries confirmed this — finding that climate change and destruction of nature were the most critical issues for them.)

“We were all really inspired by Greta Thunberg’s story,” Walker said, referring to the young Swedish environmental activist. “Anyone at the company who has kids is thinking about what kind of world are they going to leave to their children. We wanted to show people that they can actually do a lot as an individual.”

A shift in the industry

The gaming industry is also considering how it can become carbon neutral, or in some cases carbon positive – a welcome move for a sector that has been scrutinized for its environmental footprint. Currently,  50 million tons of electronic waste is generated annually, with that number projected to reach 120 million tons by 2050.

Supercell, which makes mobile titles, recently committed to going entirely carbon neutral and offsetting the carbon dioxide used by players when playing their games. Rovio and Space Ape aim to take similar action.

The Playing for the Planet Alliance will share guidance with its members on how to decarbonize, with Sony leading a working group that includes other console makers. The alliance will help devise a new carbon calculator for the industry, develop fresh guidance on offsetting and forge new collective commitments around the restoration of forest landscapes, which help absorb carbon emissions.

“When we set out on this journey we wanted to help others in the industry too,” said Mensah-Bonsu. “If we all do our part, we can make a change in the world.”

UN Environment

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Green Planet

Green Politics: The hope for a better tomorrow

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Authors: Anurag Mishra and Aaditya Vikram Sharma

Green Political Parties in India

To pick from the last instalment, the culture of Indian environmentalism is indeed ancient and quite veritably primitive. For the record, India has various Green parties. The prominent one is of course is the India Greens Party which runs as an offshoot of the Global Greens and is a full member of the Asia Pacific Greens Federation. To take a measure of how green politics fares in the Indian context would only require us to take a quick visit to the Indian Green Party’s website. The events calendar for the IGP is blank for the month of July as well as the previous month. The last press release made by the IGP was in the month of March. A google search doesn’t even yield a Wikipedia page for the IGP because there isn’t one.

The Coronavirus pandemic poses a grave danger to humanity but also throws open an opportunity for laying the path which the posterity will tread. It is however disheartening that the response to the pandemic has more or less remained limited to  desperate search for a vaccine. A vaccine nevertheless is the acute need of the hour but what is of no less importance is a future plan for humanity which is closer to nature and yet at a safe distance.

Global Green Political Parties

Here, we look at the contemporary Green parties around the world. We primarily focus on North America and the Asia Pacific. In North America, Canada got its first Green parties starting 1983. Being a federal country, Canada has such parties present on provincial as well as the national level. The provincial parties include the Green Party of Ontario, the Green Party of Prince Edward Island, the Green Party of British Columbia and the Green Party of New Brunswick. The parliamentarians who get elected are colloquially known as “Green MLAs.” In the United States of America, the Green Party of the United States happens to be the primary such entity. It should be noted that as of April 2018, 156 Greens held elective office across the US in 19 states. The states with the largest numbers of Green elected officials are California (68), Connecticut (15), and Pennsylvania (15). Titles of offices held include: Alderman, Auditor, Board of Appeals, Board of Finance, Board of Selectmen, Borough Council, Budget Committee, Circuit Court Judge, City Council and so on. The Green Party has contested six U.S.A. presidential elections: in 1996 and 2000 with Ralph Nader for president and Winona LaDuke as vice president, in 2004 with David Cobb for president and Pat LaMarche for vice president, and in 2008 with Cynthia McKinney for president and Rosa Clemente for vice president. In 2000, Nader received more votes for president than any Green Party candidate before or since. Jill Stein ran for president on the Green ticket in 2012 and 2016; the vice-presidential candidates were Cheri Honkala in 2012 and Ajamu Baraka in 2016. Stein, who received over one million votes in the 2016 race, led unsuccessful attempts toward 2016 election recounts in three states: Michigan, Pennsylvania, and Wisconsin.

On the other side of the planet, the Asia Pacific Greens Federation is of prominence. It is a federation of national Green parties, social and environmental organizations in countries in the Pacific Ocean and Asia, and is one of the four federations that constitute the Global Greens. 32 Parties from 30 nations got together in February 2005 in Kyoto, Japan, to found the network. There they elected a Membership Panel, and delegates to the Global Greens Coordination (GGC). The federation has a presence in countries such as Australia, India, Mongolia, New Zealand, Pakistan, South Korea etc.

A Common Agenda?

The Agenda of these parties overall can be derived through their principles and policies- a list of such guidelines available on some websites of the Green parties. Overall these can be divided into the following headers- Ecological Wisdom, Social Justice, Participatory Democracy, Non-violence, Sustainability and Respect for Diversity. Overall, the idea seems to be in conformity with international treaties and upcoming practices for environmental governance. The agendas also seem to comply with global requirements for climate commitments, such as that of the Paris Agreement.

However, environmental policies are just one part of international relations. Thus, it is not clear what the other policies of green parties would be. Thus, their agenda needs to more well defined and encompassing.

Conclusion

Netflix released the second season of its popular school drama The Politician last month. Where the first season of the series had focused almost entirely upon the protagonist’s political ambition and his run to the office of school president, the second season centred around his political campaign based entirely upon environmentalism. A strong movement requires novel instruments of mass mobilization and symbols which people can relate to and take to. The Global Green Movement needs to make itself ‘catchy’ to generate mass participation without which it is bound to remain a fringe movement even after fifty years since the United Tasmania Group coming into being. What seems to be the only way forward is mainstreaming of the Green agenda and making it “cool” and part of the popular culture.

However, it is not just awareness that would suffice and thus the scientific developments in the areas of energy, agriculture and food among other things need unprecedented attention and investment. In the food industry, the way Veganism has caught people from diverse range of countries is an example how an idea can travel far and wide and can bring about even the most difficult and unimaginable lifestyle changes. The technology has tried keeping pace with companies like Impossible Foods and Green Meat Co. coming up with vegetable based meat etc. The growing popularity of EVs and renewable sources of energy have steadily moved in the direction of creating a global ecosystem based on the idea of sustainability and environmentalism. All we need is a huge push and unrelenting spirit.

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