Authors: Anurag Mishra and Aaditya Vikram Sharma*
As the world forages wide and digs deeper to discover the origin of the latest Public Enemy Number One, the widely believed conjecture among the public is that it originated from a wet market in Huanan, China. Scientists across the world are having a tough time finding the exact source of the virus, and world leaders are demanding a probe to look into its origins. Still, the zoonotic origin of the virus holds firm ground. Whether it was a horseshoe bat, a civet cat or a pangolin is a mystery yet to unravel.
The zoonotic origin of the virus once again brings to the fore, most compellingly this time, the questions which our leaders have long been avoiding. These questions are manifest in the four epidemics the world has seen in the last 20 years or so. Apposite among those questions is the ecologically unconcerned economic development and its wide-ranging concomitants. The very idea of sedentary urban human settlements is based on the clearing of forests and its transformation into fertile croplands. But, ever since economic growth became the cornerstone of human development and “mass production – mass consumption” the widely accepted way to sustain the burgeoning population, humans have pushed their domain more and more into the forests, thinning the line that exists between the humans and the wildlife.
To put things into perspective, the atmosphere never had carbon dioxide gas concentration of more than 300 ppm in the last half a million years or so. In 2019, it was more than 410 ppm, a direct consequence of decimating forests and increasing industrial activity. This event, among others, has been in the making for quite some time.
In the wake of the scientific developments taking place in the early 1970s, environmental concerns started to translate into political agendas. With the United Tasmania Group, the first Green Party contesting the 1972 state elections of Tasmania, Australia, the era of green politics had formally hit the road. Cut to 2020, the political experiment of green politics has been a nominal success. Even though the Greens have a presence in almost 90 countries across the world, it is a peculiar case of “a mile wide, an inch deep”.
In this series of articles, the authors set out to make a case for the need of a more assertive green politics while encapsulating the history of the Greens, the scientific developments and simultaneous accretion of environmentalism into environmental politics. This instalment covers the inception of international environmental politics since the second world war and traces the beginning of the green political movement.
The New World Order
Environmental issues have become one of the predominant points of discussion in international politics. Today, UN environmental summits are held, reports are generated by committees formed national and internationally to understand and mitigate climate change and other environmental problems, and citizen activism is at an all-time high. There is blunt awareness about the impact of human activity on the planet. In fact, in 2016, scientists recommended that the current epoch on Earth be labelled as ‘Anthropocene.’ However, this awareness is a recent phenomenon– it was not always so.
As the second world war ended in 1945, a new world order emerged. New institutions and agendas were created to instil adherence to international law and respect for human rights. To achieve the former objective, the United Nations (UN) was created. Under Article 1 of the UN Charter, “The Purposes of the United Nations are:
To maintain international peace and security, and to that end: to take effective collective measures for the prevention and removal of threats to the peace, and for the suppression of acts of aggression or other breaches of the peace, and to bring about by peaceful means, and in conformity with the principles of justice and international law, adjustment or settlement of international disputes or situations which might lead to a breach of the peace;
To develop friendly relations among nations based on respect for the principle of equal rights and self-determination of peoples, and to take other appropriate measures to strengthen universal peace;
To achieve international co-operation in solving international problems of an economic, social, cultural, or humanitarian character, and in promoting and encouraging respect for human rights and for fundamental freedoms for all without distinction as to race, sex, language, or religion; and
To be a centre for harmonising the actions of nations in the attainment of these common ends.”
As can be seen above, none of the aims refer to the protection of the environment. This is not to say that the environment had not been harmed. As the Second World War raged from 1939 till 1945, environmental damage had been caused on an unprecedented scale. The war ended when the United States (US) used atomic weapons on the Japanese cities of Hiroshima and Nagasaki. This caused destruction, likes of which had not been seen before, to the cities and their people, as well as the environment, the effects of which are still seen today.
Until the 1960s, environmental protection was not considered an issue. The world would instead concentrate and move on to an unprecedented era of development. The US economy grew exponentially as its left-over wartime industrial base was tapped by the civilian industry. Europe had been left devastated by the war, and the US aided its allies’ economic growth via the Bretton Woods System and the Marshall Plan (formally the European Recovery Program). The Soviet Union developed and became the other superpower, alongwith the United States. This ‘development’ was achieved through massive industrialisation and development of new technologies. It is pertinent to note that the newly independent countries of Asia and Africa were more or less left out of this phase of development.
“Discovery” of Damage
Man-made greenhouse effect, capable of having a significant impact on Earth’s temperature was suggested by Swedish scientist Svante Arrhenius as early as in 1895; the Swede believed that equable climates would appear across the Earth which would lead to an agricultural bounty across the planet. Ironically, Arrhenius’ anticipated boon turned out to be a menacing villain. In 1972, the United Nations Conference on the Human Environment (Stockholm Conference) cemented environmental issues as an agenda in international politics. It led to the creation of the United Nations Environment Programme (UNEP). According to Encyclopedia Britannica, “it laid the foundation for global environmental governance.”
In 1985, a remarkable discovery was made. The reputed science journal Nature published a paper by Joe Farman, Brian Gardiner and Jonathan Shanklin about the discovery of the “ozone hole” over Antarctica. Despite this, it was not until the establishment of the Intergovernmental Panel on Climate Change in 1988 that climate change made news, a year after the Montreal Protocol had been agreed on.
Since Montreal, the world has made some significant strides in order to mitigate the crisis. However, what is unfortunate is that even the Paris Agreement makes climate action voluntary for the nations and the targets to cut down emissions of greenhouse gases nationally determined. The absence of a major emitter, the US, further jeopardises the realisations of the goals under the treaty. Further, scientists suggest that even if the Paris Agreement’s goal of limiting global warming under 2 degree celsius are met with, it might not be able to avert wide-scale human-made natural disasters.
As stated above, in 2016, the Anthropocene Working Group voted for addition of the Anthropocene Epoch to the geologic time scale, citing the unprecedented and massive impact that humans have made on our planet. A formal declaration of the Anthropocene epoch by the International Commission on Stratigraphy might take some time, but it is now writing on the wall that the business as usual approach will take us to irreversible destruction. Our generation is already witnessing the rising of sea levels, increasing intensification of cyclones and dead zones in the oceans, and more vigorous incidences of forest fires.
Due to the events highlighted above, environmental issues came to the forefront. The United Tasmania Group of Australia was to become the forerunner of a movement that would span across continents. This ‘movement’ was the creation of new political parties and the growth of new leaders who aimed to mitigate the damage to the environment. These political parties are now known to us as green parties. Green parties function as flag bearers of environmental concerns in the political arena while also advocating social-democratic economic policies and social justice.
The next part of the series will deal with the inception of the green party movement and its relevance in the contemporary world and domestic politics.
* Assistant Professor, Vivekananda Institute of Professional Studies, New Delhi.
When Sea Levels Rise And Coastal Waters Darken…
Authors: Dr. Arshad M. Khan and Meena Miriam Yust
The coastal waters by Wilmington, Delaware, the president’s home base, have risen a record 3 mm in the past year. Worse, the rate of increase is itself increasing portending a foot or more in the next century. It means a rebuilding of docks plus barriers to prevent serious tidal flooding.
The Virginia Institute of Marine Sciences (VIMS), affiliated with the College of William and Mary, has been collecting data on sea levels for the past 52 years. It released its latest annual report recently, noting sea level rising by historic amounts — as in the case of Wilmington — as well as the accelerating rate of increase.
There are 32 tide gauges placed along the US coasts all the way to Alaska. Maintained by the National Oceanic and Atmospheric Administration (NOAA), these measure levels every six minutes. Researchers at VIMS take a monthly average to avoid a skewed analysis due to unusual weather patterns like storms.
The Institute’s report presents sea level changes, assesses future trends, and tries to explain the increases or even decreases at particular localities. Sea level changes are relative to the adjoining land. For example, the rates are actually falling in Alaska but that is caused by shifting tectonic plates raising land and off-setting the sea level rise.
Researchers describe the persistent sea level rise as a “slow emergency” — not a storm that will be hitting tomorrow but trouble ahead and the report cards can help local authorities plan for the future.
Wetlands Watch works to preserve wetlands in Virginia’s coastal areas. Rising sea level is a particular concern because it is expected to affect most of the state’s coastal wetlands. Therefore in addition to policy advocacy, Wetlands Watch has developed Sea Rising Solutions, which helps in mapping out where flooding is likely.
Spreading the word about sea level rise and its consequences engages the whole community and motivates legislators and developers to adapt to the new norm and prepare ahead for a changing environment.
There is another problem with coastal areas: a gradual darkening of the sea water. It is serious for such a change in color and clarity poses a significant threat to marine life. The Coastal Ocean Darkening Project at the University of Oldenburg in Germany simulated the effects by filling huge metal vats with water and phytoplankton and hanging lamps above them to simulate sunlight. They then darkened the water using low, medium and high concentrations of a brown liquid extracted from peat to simulate decaying organic matter. The phytoplankton were all negatively affected but particularly in the vats with medium and high concentrations which blocked off more light. Also some phytoplankton were affected more than others.
The adverse consequences to the elemental base of the ocean’s food threatens marine species up the chain, and especially those relying on the phytoplankton types most affected. Moreover, reduced vision hinders those species, like fish, relying on vision to hunt, while not affecting those that do not, like jellyfish.
Why is the water darkening? One hint might be that environmental regulation of fertilizer use goes along with improvements in the Mediterranean, the North Sea and parts of the North American coast. And of course reducing global warming would decrease ice melt and subsequent sea level rise.
Promoting Green Finance in Qatar: Post-Pandemic Opportunities and Challenges
The recent COVID-19 pandemic had significant implications for both national economies and the global financial system, in addition to hindering the achievement of the sustainable development goals agenda. The UNDP estimates global human development—a combination of education, health, and living standards—could fall this year for the first time since 1990, which highlights how the effects of the pandemic present both an enormous challenge and tremendous opportunities for reaching the 2030 Agenda and the Sustainable Development Goals (SDGs).
With the additional challenges arising from climate change, governments have committed to several policy measures which promote a green recovery to rebuild their economies, while benefiting the people and the planet. The Organisation for Economic Co-operation and Development (OECD) estimates that the public resources committed by governments to support a green recovery amount to at least USD 312 billion. These measures present tremendous opportunities for green finance in general, and Islamic green finance in particular, in the context of Muslim-majority countries.
The State of Qatar, in light of its National Vision 2030 and in order to enhance the diversification of its economy away from hydrocarbon, has taken several measures to mitigate climate change. These include increasing the use of solar energy to more than 20% of its energy mix by 2030, the optimal use of water, improving air quality, waste recycling, increasing green spaces, in addition to the country’s commitment to organizing the first “carbon neutral” tournament featuring the use of solar-powered stadiums and water and energy-saving cooling and lighting technology. The State is also a signatory of the Paris Agreement on Climate Change and supports a number of global initiatives in relation to climate change mitigation.
All these initiatives could be funded via green finance. In this regard, there are four global trends in the financial industry that the State of Qatar can leverage to promote green finance for green recovery:
Growth of SRI and ESG awareness:
Socially responsible investing (SRI) and environmental, social, and governance (ESG) investing are two of the fastest growing investing areas globally. Both are driven by the increasing awareness of social and environmental responsibility. According to the Global Sustainable Investment Alliance, global sustainable investment reached $30.7 trillion in the five major markets at the start of 2018, a 34 percent increase in two years. These include Europe, United States, Japan, Canada, Australia, and New Zealand. Developing green finance instruments and products can attract a growing SRI investor base that seeks to align social and environmental values with its investment portfolios.
Upward trend of Islamic Finance:
According to the Islamic Financial Services Board (IFSB), the total worth of the Islamic Financial Services Industry across its three main segments (banking, capital markets, and takaful) is estimated at $2.44 trillion in 2019, marking a year-on-year 11.4% growth in assets in US dollar terms. According to Thomson Reuters, the industry is projected to reach $3.8 trillion by 2022. Qatar is one of the global Islamic finance hubs with Islamic finance assets representing more than 20% of the local financial system’s assets. With the recent development of Islamic green finance, Qatar has the opportunity to position itself as a sustainable finance leader in the region by promoting synergies between Islamic and green finance growing markets.
Financial innovation for sustainability:
The United Nations Conference on Trade and Development (UNCTAD) highlights that achieving the Sustainable Development Goals (SDGs) will take between $5 and $7 trillion, with an investment gap in developing countries of about $2.5 trillion and the additional net investment required to implement renewable energy solutions standing at $ 1.4 trillion, or about $100 billion per year on average between 2016 and 2030, according to the International Renewable Energy Agency (IRENA). Mitigating this funding gap requires an engaged private sector to make green investments. That is why several green instruments and products were developed across the various segments of the financial industry. These include green retail banking products, including green loans and green mortgages, green corporate and investment products, green project finance, and green venture capital and private equity, as well as green capital market instruments, like green investment funds, green bonds, and sukuk.
Integration of sustainability objectives into national strategies:
Several governments around the world have integrated sustainability objectives and green finance roadmaps into their national strategies, either through a top-down approach, whereby green finance frameworks and taxonomies are harmonized at the country level (as with China), or via market-led collaborative actions. In addition, to overcome private sector investment barriers, such as high up-front costs, long investment timelines, and higher perceived risks, several countries have put in place incentives in the form of subsidies and tax exemptions. The State of Qatar can leverage these experiences through collaborations and partnerships to develop a unique green finance model in the region
Green Sukuk: A Fast Growing Market
Green sukuk is an innovative instrument for financing green infrastructure. It has the potential to become a new asset class targeting both Islamic and socially responsible investors.
Since the issuance of the first green sukuk in 2017 in Malaysia, the market has grown significantly, with twelve issuers in Indonesia, Malaysia, and the United Arab Emirates tapping the market, in addition to the Islamic Development Bank. About $7.6 billion in four currencies (EUR, IDR, MYR, and USD) was raised up to September 2020, with tenors ranging from two to 21 years. The amounts raised were allocated to green construction, energy efficiency, and clean transportation projects.
Promoting Green Finance in Qatar
Although the green finance market is still in an early stage of development in the country, the market has witnessed several initiatives by local institutions that might pave the way to the development of a more dynamic market. In September 2020, Qatar National Bank (QNB) issued the first ever green bond in Qatar, a $600 million tranche, under its MTN Program, with a maturity of five years under its established Green, Social, and Sustainability Bond Framework.
In addition, Qatar Stock Exchange (QSE) introduced an ESG Guidance in 2017 to assist listed companies wishing to incorporate ESG reporting into their existing reporting processes.
While Bond and sukuk issuance in Qatar reached $28 billion in 2019, the market is largely driven by government issuance and commercial banks for corporate issuances, with the exception of Ezdan Sukuk in 2016 and 2017. The development of green sukuk in the country with the enabling ecosystem could facilitate corporate sukuk issuance, thus enhancing market liquidity.
In conclusion, promoting a green recovery in line with the country’s economic diversification objectives and climate mitigation strategies will require the development of an enabling ecosystem for the development of green finance in Qatar. Developing a pipeline of bankable green projects at the country level, market awareness, and promoting synergies between Islamic and green finance will provide the basis for further innovation and policy action, such as green labels, frameworks, and incentives.
2021 will be defined by the more long-term crisis facing humanity: Climate change
Rather than low-tech and often unworkable solutions (reduced or no travel, mass vegan diets) governments are increasingly embracing technology to help us understand and influence the climate – rather than merely respond to it. This should become the norm for public authorities across the world.
China’s weather modification programme, for example, could be a lifeline for workable solutions to climate change globally. The technique, known as cloud-seeding, uses silver iodide and liquid nitrogen to thicken water droplets in the cloud, leading to increased rain or snowfall.
The technology has been used to prevent droughts and regulate weather before major events, like in the run up to the 2008 Beijing Olympics.
The Chinese cabinet has announced that its weather modification programme will cover half the country by 2025, with the aim to revitalize rural regions, restore ecosystems, minimize losses from natural disasters and redistribute water throughout the country.
And China’s ambitious ‘Sky River’ programme could eventually divert 5 billion cubic meters of water annually across regions, which could protect millions of people from the effects of drought and water scarcity.
Although critics have, without evidence, described these projects as ‘weaponization of the weather’, the humanitarian and development potential is huge.
Necessity is the mother of invention, and this is truer than ever with regards to the climate. The world faces a climate-change induced water crisis, with 1.5 billion people affected globally.
The UN predicts that at the current water usage levels, water scarcity could displace 700 million people by 2030.
Carbon emissions are unlikely to be eliminated in high growth economies in regions like Asia, meaning that the world must develop a way to manage emissions’ effects on the climate.
Whilst it is true that the basic solutions of eating less meat, cycling to work and cutting back on international flights can help to curb our carbon output in the long-run, it does nothing to help those who suffer from flooding or water scarcity today.
Ultimately, technology is an essential part of the solution.
Big Tech is leading the charge in tackling climate change through the use of Big Data and machine learning. In November 2019, a group of data scientists published a paper entitled ‘Tackling Climate Change with Machine Learning’. The paper laid out 13 different applications of using machine learning to tackle the impacts of climate change. One such application was using machine-learning to predict extreme weather events.
Such an application is already being put into action. For example, Bangladesh is one of the most flood-prone countries in the world; approximately 5 million people were negatively affected by flooding last year alone. In order to help combat this, Google teamed up with the Bangladesh Water Development Board and the Access to Information (a2i) Programme to develop a flood notification app that is approximately 90% accurate.
The app, which is enabled by AI flooding simulation, provides the population with timely, updated, and critical information that can help users make informed decisions on the safety of their families and friends.
The same technology has been used in both India and South Africa, and has the potential to save thousands of lives and livelihoods. It is these sorts of innovations that we must rely on to help those who are most vulnerable to the impact of climate change.
It is not only cloud-seeding and weather prediction technologies that will provide humanity with a route out of its biggest existential threat. Breakthrough battery technology, green hydrogen, 5G-based smart grids and carbon-negative factories are set to become commonplace in our fight against rising CO2 levels.
As a global society, we must set our political divisions and some critics’ technophobia aside, and step forward in a spirit of international collaboration.
Similarly to how the pandemic showed the need for united global action, climate change will do the same. And just as technology and science was a key part in how the pandemic was brought under control, climate change can only be addressed through tech-based solutions.
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