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SUSTAINABILITY & CLIMATE CHANGE

The Golden Opportunity

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By Alok Sharma 

Humanity cannot pass up the golden opportunity of a green, inclusive, and resilient recovery

It has been more than a year since a minister of a small island nation told me that, because of rising sea levels and without action on climate change, “I will have nowhere to call home.”

These words have stayed with me. Not just because they highlight a gross injustice–that those who have done the least to cause climate change are suffering its worst effects, but because they also lay bare the very desperate need for more progress on finance.

The world needs to redirect the sums flowing through the global economy toward climate action: to secure the trillions of dollars required to protect people and nature, through adaptation, and drive down emissions to limit global heating to 1.5C.

And the need to act with urgency has never been clearer. The latest assessment from the Intergovernmental Panel on Climate Change sounded the alarm that the planet is heating up even faster than previously thought.

If the world fails to move forward before we bring almost 200 countries together in Glasgow, our chances of securing an outcome at the UN Climate Change Conference (COP26) that delivers for both people and the planet will be drastically diminished. Finance is the critical piece of the climate action toolkit on which everything else rests.

Developed economies’ mobilization of the $100 billion they have promised developing economies to address the climate crisis is therefore paramount. We need new commitments—for example, at the UN General Assembly later this month—to send a clear signal at the last major multilateral moment before countries meet in Glasgow. This support has been promised again and again, and promises made must be promises kept.

Global leadership

But if we are to act at the scale and speed required, the international economic and financial system also must set the stage for more funds to flow. It must make tackling climate change more viable, and it must show leadership.

That’s why I support the IMF’s $650 billion allocation of special drawing rights (SDRs). This move will help generate crucial liquidity and give countries the breathing space to invest in tackling climate change.

We now have a real opportunity through voluntary SDR channeling to further free up resources for those in need. I therefore urge the IMF to continue to explore options for larger economies to channel a significant proportion of their new SDRs to support green, inclusive, and resilient recovery in developing and climate-vulnerable economies. SDRs must be channeled as ambitiously as possible, and I call on countries to build on the collective aim put forward by the Group of Seven (G7) and lay out their commitments toward meeting this ambition. All options under development should be consistent with a sustainable and resilient recovery and avoid entrenching carbon-intensive growth. Progress at the World Bank and IMF Annual Meetings in October would provide a welcome boost ahead of COP26.

Under Kristalina Georgieva’s international leadership, the IMF has shown progress on climate: integrating climate risks into global economic surveillance; raising awareness of the links between climate change and the macroeconomy; and emphasizing the importance of investment in green and climate-resilient recoveries, as well as financial support and debt service relief to low-income countries in crisis.

Multilateral development banks should also lead the way. I am pleased that several, including the World Bank and the European Bank for Reconstruction and Development, have published plans and a date by which they will align their activities with the Paris Agreement. All multilateral development banks that haven’t yet done so should quickly follow suit to send a strong signal of their commitment to rapidly increasing investment in climate action, unlocking additional financing, and empowering emerging market and developing economies to build and implement ambitious national climate plans.

The latest Joint Report on Multilateral Development Banks’ Climate Finance shows a total dip in these banks’ climate finance to low- and middle-income countries in 2020 as the banks justifiably responded to the pandemic. This assistance must bounce back, and banks must set out ambitious trajectories for their own climate finance and the finance they mobilize from the private sector. I am calling on each of the major multilateral development banks to launch an action plan on private climate finance mobilization in time for COP26.

Public and private cooperation

We must also capitalize on global opportunities by encouraging the public and private finance sectors to work together for more private finance in emerging market and developing economies. The International Climate Finance commitment from the United Kingdom mobilized £2.2 billion in private funds for climate action in developing economies between 2011 and 2020. Our partnership with Macquarie in South Africa has delivered more than 254 megawatts of clean energy, helping avoid approximately 844,000 tons of greenhouse gas emissions a year. That’s equivalent to taking 182,000 cars off the road, all while creating about 400 green jobs. 

This all requires significant investment, but it is investment that will pay dividends, both in economic and environmental terms, by safeguarding against further damage and building a greener, more prosperous and resilient future.

Under the current trajectory, climate change could erase 11–14 percent of global GDP by 2050, and a recent report found that the 215 biggest companies in the world have valued their climate risks at about $1 trillion

Yet those same companies have the potential to gain double that amount from a move to green economies. And according to the independent think tank Carbon Tracker, by 2030 it could be cheaper to build renewables than run existing coal plants in all major markets. These renewables can help link many communities to a power source for the first time, spurring development.

This is why the UK COP26 and G7 presidencies have prioritized the flow of finance to climate action, both public and private, and the integration of climate change into all financial and economic decision-making.

Stepping up action

And we are seeing progress. At the ministerial meeting I convened in July, Germany and Canada agreed to take forward work on setting out a delivery plan on the $100 billion a year by 2025. This builds on the G7 Summit in Cornwall, where G7 countries agreed to increase and improve climate finance contributions through to 2025, including more funding for adaptation and nature-based solutions. Canada, Japan, and Germany immediately committed more money toward the $100 billion goal—together amounting to billions of dollars a year.

The UK has already doubled its international climate finance contribution, to £11.6 billion between 2021 and 2025. The World Bank has increased its climate finance target to 35 percent of total lending. And the Glasgow Financial Alliance for Net Zero has seen more than 250 financial institutions responsible for $88 trillion in assets commit to net zero emissions by 2050 at the latest. 

But we need to see more of this. By COP26, there must be a clear pathway to mobilizing the trillions needed to support countries and communities on the front line of the climate crisis and keep the critical 1.5C goal in sight.

Governments, multinational development banks, and private finance must collaborate to scale up blended finance initiatives and technical assistance, improve the conditions for investment within countries, and build pipelines of high-quality, bankable green projects.

We all have a part to play, and humanity cannot afford to let the golden opportunity of a green, inclusive, and resilient recovery pass by. When I next meet the minister, who feared for the future of their island home, my hope is that I can look them in the eye and say the world chose to put its money where it matters.

So let’s get to work.

Alok Sharma is president-designate of the 26th United Nations Climate Change Conference, COP26.


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SUSTAINABILITY & CLIMATE CHANGE

EARTH DAY 2024: Packaging Is the Biggest Driver of Global Plastics Use

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Earth Day, celebrated annually on April 22, marks a global commitment to environmental protection and sustainability. The first Earth Day took place in 1970, ignited by U.S. Senator Gaylord Nelson of Wisconsin, who aimed to raise awareness about environmental issues and mobilize action to address them. Since then, Earth Day has evolved into a worldwide movement, engaging millions of people across the globe in activities such as tree planting, clean-up campaigns and advocacy for environmental policies. Its organizer is EARTHDAY.ORG, a non-profit organization dedicated to promoting environmental conservation and mobilizing communities to take action for a healthier planet.

The theme of this year’s Earth Day is “Planet vs. Plastics” – a theme chosen to raise awareness of the damage done by plastic to humans, animals and the planet and to promote policies aiming to reduce global plastic production by 60 percent by 2040.

As our chart shows, global plastics use has increased rapidly over the past few decades, growing 250 percent since 1990 to reach 460 million tonnes in 2019, according to the OECD’s Global Plastics Outlook, which projects another 67-percent increase in global plastics use by 2040 and for the world’s annual plastic use to exceed one billion tonnes by 2052. As our chart shows, packaging is the largest driver of global plastics use, which is why a rapid phasing out of all single use plastics by 2030 is one of the policy measures proposed under EARTHDAY.ORG’s 60X40 framework.

Other major applications of plastics include building and construction, transportation as well as textiles, with the fast fashion industry particularly guilty of adding to the world’s plastic footprint. “The fast fashion industry annually produces over 100 billion garments,” the Earth Day organizers write. “Overproduction and overconsumption have transformed the industry, leading to the disposability of fashion. People now buy 60 percent more clothing than 15 years ago, but each item is kept for only half as long.” Most importantly, the organization points out that 85 percent of disposed garments end up in landfills or incinerators, while just 1 percent are being recycled.

  1. Infographic: Packaging Is the Biggest Driver of Global Plastics Use | Statista

Felix Richter is a Data Journalist


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SUSTAINABILITY & CLIMATE CHANGE

The Sahara Desert used to be a Green Savannah – New Research Explains Why

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By Edward Armstrong

Algeria’s Tassili N’Ajjer plateau is Africa’s largest national park. Among its vast sandstone formations is perhaps the world’s largest art museum. Over 15,000 etchings and paintings are exhibited there, some as much as 11,000 years old according to scientific dating techniques, representing a unique ethnological and climatological record of the region.

Curiously, however, these images do not depict the arid, barren landscape that is present in the Tassili N’Ajjer today. Instead, they portray a vibrant savannah inhabited by elephants, giraffes, rhinos and hippos. This rock art is an important record of the past environmental conditions that prevailed in the Sahara, the world’s largest hot desert.

These images depict a period approximately 6,000-11,000 years ago called the Green Sahara or North African Humid Period. There is widespread climatological evidence that during this period the Sahara supported wooded savannah ecosystems and numerous rivers and lakes in what are now Libya, Niger, Chad and Mali.

This greening of the Sahara didn’t happen once. Using marine and lake sediments, scientists have identified over 230 of these greenings occurring about every 21,000 years over the past eight million years. These greening events provided vegetated corridors which influenced species’ distribution and evolution, including the out-of-Africa migrations of ancient humans.

These dramatic greenings would have required a large-scale reorganisation of the atmospheric system to bring rains to this hyper arid region. But most climate models haven’t been able to simulate how dramatic these events were.

As a team of climate modellers and anthropologists, we have overcome this obstacle. We developed a climate model that more accurately simulates atmospheric circulation over the Sahara and the impacts of vegetation on rainfall.

We identified why north Africa greened approximately every 21,000 years over the past eight million years. It was caused by changes in the Earth’s orbital precession – the slight wobbling of the planet while rotating. This moves the Northern Hemisphere closer to the sun during the summer months.

This caused warmer summers in the Northern Hemisphere, and warmer air is able to hold more moisture. This intensified the strength of the West African Monsoon system and shifted the African rainbelt northwards. This increased Saharan rainfall, resulting in the spread of savannah and wooded grassland across the desert from the tropics to the Mediterranean, providing a vast habitat for plants and animals.

Our results demonstrate the sensitivity of the Sahara Desert to changes in past climate. They explain how this sensitivity affects rainfall across north Africa. This is important for understanding the implications of present-day climate change (driven by human activities). Warmer temperatures in the future may also enhance monsoon strength, with both local and global impacts.

Earth’s changing orbit

The fact that the wetter periods in north Africa have recurred every 21,000 years or so is a big clue about what causes them: variations in Earth’s orbit. Due to gravitational influences from the moon and other planets in our solar system, the orbit of the Earth around the sun is not constant. It has cyclic variations on multi-thousand year timescales. These orbital cycles are termed Milankovitch cycles; they influence the amount of energy the Earth receives from the sun.

On 100,000-year cycles, the shape of Earth’s orbit (or eccentricity) shifts between circular and oval, and on 41,000 year cycles the tilt of Earth’s axis varies (termed obliquity). Eccentricity and obliquity cycles are responsible for driving the ice ages of the past 2.4 million years.

The third Milankovitch cycle is precession. This concerns Earth’s wobble on its axis, which varies on a 21,000 year timescale. The similarity between the precession cycle and the timing of the humid periods indicates that precession is their dominant driver. Precession influences seasonal contrasts, increasing them in one hemisphere and reducing them in another. During warmer Northern Hemisphere summers, a consequent increase in north African summer rainfall would have initiated a humid phase, resulting in the spread of vegetation across the region.

Eccentricity and the ice sheets

In our study we also identified that the humid periods did not occur during the ice ages, when large glacial ice sheets covered much of the polar regions. This is because these vast ice sheets cooled the atmosphere. The cooling countered the influence of precession and suppressed the expansion of the African monsoon system.

The ice ages are driven by the eccentricity cycle, which determines how circular Earth’s orbit is around the sun. So our findings show that eccentricity indirectly influences the magnitude of the humid periods via its influence on the ice sheets. This highlights, for the first time, a major connection between these distant high latitude and tropical regions.

The Sahara acts as a gate. It controls the dispersal of species between north and sub-Saharan Africa, and in and out of the continent. The gate was open when the Sahara was green and closed when deserts prevailed. Our results reveal the sensitivity of this gate to Earth’s orbit around the sun. They also show that high latitude ice sheets may have restricted the dispersal of species during the glacial periods of the last 800,000 years.

Trucks driving through the desert.
The Sahara desert. Getty Images

Our ability to model the African humid periods helps us understand the alternation of humid and arid phases. This had major consequences for the dispersal and evolution of species, including humans, within and out of Africa. Furthermore, it provides a tool for understanding future greening in response to climate change and its environmental impact.

Refined models may, in the future, be able to identify how climate warming will influence rainfall and vegetation in the Sahara region, and the wider implications for society.

Edward Armstrong is a postdoctoral research fellow, University of Helsinki

Courtesy: The Conversation


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SUSTAINABILITY & CLIMATE CHANGE

COP28: New Draft Text on Climate Deal Published; Calls for Transitioning away from Fossil Fuels

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By Imogen Lillywhite,

A new draft text on global stocktake has been published at the UN climate summit, COP28 UAE, on Wednesday morning. While the draft text does not contain the words “phase out”, it includes reference to transitioning away from all fossil fuels to enable the world to reach net zero by 2050.

The text published by the UN’s climate body calls on parties to accelerate and substantially reduce non-carbon dioxide emissions worldwide with a focus on reducing methane emissions by 2030. “We all want to get the most ambitious outcome possible,” Majid Al Suwaidi, COP28 Director-General, said on Tuesday.

The text, published early Wednesday, does not specifically refer to oil, but mentions the need to ‘phase-down’ coal.  It says that it recognises the need for ‘deep, rapid and sustained reductions in greenhouse gas emissions in line with 1.5C pathways and calls on Parties to contribute to global efforts.

Among those efforts it recognises the need to triple renewable energy capacity by 2030 and doubling the annual rate of energy efficiency improvements by the same date. It also recognises the need to accelerate the phase-down of coal and accelerate towards net zero energy systems, utilising zero or low carbon fuels by mid century.

While the document does not mention oil or combustion engines, it does recognises the need for accelerating the reduction of emissions from road transport on a range of pathways, including through development of infrastructure and rapid deployment of zero and low-emission vehicles. It also recognises the need to phase out inefficient fossil fuel subsidies that do not address energy poverty or just transitions, as soon as possible.

Finance specifics

On the subject of finance, the document said developed countries should continue to take the lead in mobilising climate finance from a wide variety of sources, instruments and channels, noting the significant role of public funds, through a variety of actions, including supporting country-driven strategies, and taking into account the needs and priorities of developing countries.

Such mobilisation of climate finance should represent a progression beyond previous efforts, the text said. It may provide small comfort to campaigners from developing countries who implored Parties to begin the phase out of fossil fuels and provide vastly improved access to funding for renewables.

The document highlights the persistent gap and challenges in technology development and transfer and the uneven pace of adoption of climate technologies around the world.

It further urges Parties to address these barriers and strengthen cooperative action, including with non-Party stakeholders, particularly with the private sector, to rapidly scale up the deployment of existing technologies, the fostering of innovation and the development and transfer of new technologies.

It also emphasizes the ongoing challenges faced by many developing country Parties in accessing climate finance and encourages further efforts, including by the operating entities of the Financial Mechanism, to simplify access to such finance, in particular for those developing country Parties that have significant capacity constraints, such as the least developed countries and small island developing States.


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