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More than 50 countries commit to protection of 30% of Earth’s land and oceans

More than 50 countries commit to protection of 30% of Earth’s land and oceans

A coalition of more than 50 countries has committed to protect almost a third of the planet by 2030 to halt the destruction of the natural world and slow extinctions of wildlife.

The High Ambition Coalition (HAC) for Nature and People, which includes the UK and countries from six continents, made the pledge to protect at least 30% of the planet’s land and oceans before the One Planet summit in Paris on Monday, hosted by the French president, Emmanuel Macron.

Scientists have said human activities are driving the sixth mass extinction of life on Earth, and agricultural production, mining and pollution are threatening the healthy functioning of life-sustaining ecosystems crucial to human civilisation.

In the announcement, the HAC said protecting at least 30% of the planet for nature by the end of the decade was crucial to preventing mass extinctions of plants and animals, and ensuring the natural production of clean air and water.

The commitment is likely to be the headline target of the “Paris agreement for nature” that will be negotiated at Cop15 in Kunming, China later this year. The HAC said it hoped early commitments from countries such as Colombia, Costa Rica, Nigeria, Pakistan, Japan and Canada would ensure it formed the basis of the UN agreement.

Elizabeth Maruma Mrema, the executive secretary of the UN Convention on Biological Diversity, welcomed the pledge but cautioned: “It is one thing to commit, but quite different to deliver. But when we have committed, we must deliver. And with concerted efforts, we can collectively deliver.”

The announcement at the One Planet summit, which also saw pledges to invest billions of pounds in the Great Green Wall in Africa and the launch of a new sustainable finance charter called the Terra Carta by Prince Charles, was met with scepticism from some campaigners. Greta Thunberg tweeted: “LIVE from #OnePlanetSummit in Paris: Bla bla nature Bla bla important Bla bla ambitious Bla bla green investments…”

As part of the HAC announcement, the UK environment minister Zac Goldsmith said: “We know there is no pathway to tackling climate change that does not involve a massive increase in our efforts to protect and restore nature. So as co-host of the next Climate Cop, the UK is absolutely committed to leading the global fight against biodiversity loss and we are proud to act as co-chair of the High Ambition Coalition.

“We have an enormous opportunity at this year’s biodiversity conference in China to forge an agreement to protect at least 30% of the world’s land and ocean by 2030. I am hopeful our joint ambition will curb the global decline of the natural environment, so vital to the survival of our planet.”

However, despite support for the target from several countries, many indigenous activists have said that increasing protected areas for nature could result in land grabs and human rights violations. The announcement may also concern some developing countries who are keen for ambitious commitments on finance and sustainable development as part of the Kunming agreement, not just conservation.

Unlike its climate equivalent, the UN Convention on Biological Diversity covers three issues: the sustainable use of nature, sharing benefits from genetic resources, and conservation. The three pillars of the treaty can clash with each other and richer, developed countries have been accused of focusing too much on conservation while ignoring difficult choices on agriculture and providing finance for poorer nations to meet targets.

The HAC, currently co-chaired by France, Costa Rica and the UK, was formed in 2019 following the success of a similar climate body that spurred ambitious international action before the Paris agreement. By promoting action on biodiversity loss, it is hoped early commitments from the HAC will ensure a successful agreement for nature.

Over the last decade, the world has failed to meet a single target to stem the destruction of wildlife and life-sustaining ecosystems.

On Monday, leaders from around the world met in person and virtually at the One Planet summit in Paris to discuss the biodiversity crisis, promoting agroecology and the relationship between human health and nature. Boris Johnson, Angela Merkel and Justin Trudeau addressed the event, which also included statements from UN secretary general, António Guterres, and the Chinese vice-premier Han Zheng .

The UK government has also committed £3bn of UK international climate finance to supporting nature and biodiversity over the next five years.

Johnson told the event: “We are destroying species and habitat at an absolutely unconscionable rate. Of all the mammals in the world, I think I am right in saying that 96% of mammals are now human being or livestock that human beings rely upon.

“That is, in my view, a disaster. That’s why the UK has pledged to protect 30% of our land surface and marine surface. Of the 11.6bn that we’ve consecrated to climate finance initiatives, we are putting £3bn to protecting nature.”

The funding was welcomed by conservation and environmental organisations, including the RSPB and Greenpeace, but there were questions about the scale of the funding and whether it came at the cost of international aid.

“Increasing funds to protect and enhance nature is critical to help secure success at the global biodiversity conference in China this year. Siphoning off cash from funds already committed to tackling the climate crisis simply isn’t enough,” said Greenpeace UK’s head of politics, Rebecca Newsom.

“This announcement raises concerns that the UK’s shrinking aid budget is being repurposed to pay for nature and biodiversity. As important as these are, the first priority of overseas aid should be the alleviation of poverty,” said Oxfam’s senior policy adviser on Climate Change, Tracy Carty.

  • This article was amended on 12 January 2020 to better reflect that the High Ambition Coalition (formed 2011) and the High Ambition Coalition for People and Nature (formed 2019) are separate organisations

 


 

By  and 

Source The Guardian

Little difference reaches big goal, planting 100,000 trees and more

Little difference reaches big goal, planting 100,000 trees and more

When Pete and Sophie Oswald set up their company in 2016, the Blenheim couple had a goal to help plant 100,000 trees. Four years later, they’ve managed to exceed that.

Professional skier Pete and Sophie founded the gift card company, Little Difference in 2016.

For every greeting card or other product sold, a tree is planted in Madagascar – contributing towards permanent reforestation, and creating jobs for locals in the process.

Pete said to reach 100,000 trees planted through Little Difference sales was a “crazy thing”.

“The goal of 100,000 trees planted was a goal set ages ago, years ago even, so that’s really exciting,” he said.

Sophie said they wanted to start a business that was not only low-impact on the environment, but also beneficial to the world we live in.

 

Sophie Oswald plants a mangrove, a species known for storing carbon dioxide. Source: Stuff

 

“When you borrow someone else’s stuff, we think you should try to return it better than you found it. Well, this goes for Earth too, and we are only borrowing it from our children,” she said.

Most of the trees planted were native mangrove species, which were known for their high carbon sequestration, which meant they stored carbon dioxide or other forms of carbon to either mitigate or defer global warming.

Winter this year had also been busy for Pete, following the launch of a fundraiser in June where he vowed to plant one tree for every metre he climbed on the slopes as a free skier.

By August, he had already planted about 41,000 trees, having climbed 20,000 metres.

Donations had exceeded the amount of metres he had climbed, which was 30,668 metres.

Pete said with the ski season over, the final tree count for the fundraiser was 100,241 – which meant together with Little Difference, they had nearly planted 200,000 trees. This had created 1002 work days for locals.

 

Through sheer hard graft, Pete Oswald’s efforts helped to plant more than 100,000 trees. Source: Stuff

 

“It was amazing that people were willing to make donations and plant trees in a place that’s a world away, this couldn’t have been done without others help,” he said.

“So thank you massively to people that have supported it.”

The focus now was on Christmas, and selling as many gift cards as possible in order to plant more trees.

“It’s business as usual over there [Madagascar], they’re planting millions of trees each a month, and they’ve planted all our trees too.”

Pete said the pair had a new goal of one million trees.

 


 

By Maria Hart

Source Stuff

Has ‘geoengineering’ arrived in China?

Has ‘geoengineering’ arrived in China?

In August, a team of researchers climbed up to Sichuan’s Dagu glacier and carried out an experiment. By covering 500 square metres with a geotextile cloth 5-8mm thick, they hoped to lessen the glacier’s summer melt.

The experiment, a joint undertaking between the State Key Laboratory of Cryospheric Science (SKLCS) and the Dagu Glacier Scenic Area Bureau, drew media attention. The local Chengdu Commercial Daily described it as China’s first attempt to use “geoengineering” to reduce glacier melting, saying that if the results were good the approach would be optimised and applied elsewhere.

But despite the enthusiasm in the media, geoengineering is controversial.

In its 5th Assessment Report, the UN’s Intergovernmental Panel on Climate Change defined geoengineering as “a broad set of methods and technologies operating on a large scale that aim to deliberately alter the climate system in order to alleviate the impacts of climate change.”

These techniques are often divided into two broad categories: solar radiation management (SRM), which aims to temporarily cool the Earth by reflecting sunlight back into space; and carbon dioxide removal (CDR), the physical removal and permanent sequestration of carbon dioxide from the atmosphere, creating “negative emissions”. One example of CDR is bioenergy with carbon capture and storage, or BECCS.

Commercial CDR trials are underway, but controversy over governance and unknown climate risks have prevented deployment of SRM approaches.

Does the Chinese media’s warm reception for the Dagu glacier experiment mean the “geoengineering” concept has arrived in China, and may even be rolled out at scale?

 

Defining geoengineering

Wang Feiteng, deputy director of the SKLCS, told China Dialogue that the experiment was based on his work on retaining snow for the Beijing Winter Olympics Organising Committee, and that this research developed out of his own interest.

With global warming worsening, China’s glaciers have been shrinking more rapidly since the 1990s. A 2014 survey found that 82 per cent of them had shrunk since the 1950s, losing 18 per cent of their total surface area.

Some want to use radical interventions to control and combat the impacts of climate change. But the climate is complex, and some approaches may have cross-border consequences for agriculture, society and economies. As yet there are no international mechanisms for governing these risks.

There are precedents for glacier-wrapping. Swiss people living near the Rhône glacier have been doing it for more than a decade. Geotextiles are laid over the Presena glacier in northern Italy after every skiing season – with coverage now reaching 100,000 square metres. These efforts are made by businesses or local communities in an attempt to protect skiing and tourism.

John Moore, chief scientist at Beijing Normal University’s College of Global Change and Earth System and Professor at Lapland University, Finland, thinks experiments on the scale of Dagu glacier shouldn’t be classed as geoengineering:

“Small glacier projects are not geoengineering because they don’t have global impacts,” he says. Moore led a five-year Chinese research project, up until December 2019, looking into the potential impacts of geoengineering, with a budget of 14 million yuan (US$2 million).

He cited a recent experiment at the Great Barrier Reef as an example. In March, an Australian team used a modified turbine to spray salt water into the air over Broadhurst Reef, off Townsville, Queensland. The salt mixes with low-altitude cloud, which then becomes more reflective, sending more sunlight back into space and cooling the ocean below. This “marine cloud brightening” SRM technique is relatively cost-effective. If applied at a large enough scale, it could generate meaningful impacts.

In theory, changing the microclimate of the Great Barrier Reef could have a knock-on effect elsewhere. But Moore says that depends on whether these changes can be measurable and significant. He called the Australian experiment “more like an attempt at trying to preserve the status quo of a particular ecosystem”.

Moore used the idea of “leverage” to describe the relationship between climate interventions and global impacts: “You’re going to go to some sensitive part of the whole climate system and play with that in some way that it has a huge leverage.” He mentioned Pine Island and Thwaites Glacier in the Antarctic as examples, saying these glaciers are the biggest potential sources of sea-level rise over the coming two centuries, because ocean warming has destabilised them, so buttressing them could have huge benefits.

Janos Pasztor, executive director of the Carnegie Climate Governance Initiative (C2G), agrees that glacier-wrapping experiments like that at Dagu could have a beneficial effect – but that the broader impacts should also be studied. As glacier-wrapping probably would not affect the climate globally, it would likely not be regarded as geoengineering under most definitions.

C2G works to catalyse the creation of governance frameworks for emerging approaches to alter the climate, while taking an impartial stance on their potential deployment.

Pasztor pointed out that there are differing definitions of geoengineering, and that different actors can use the term in quite different ways, for different effects. This can create misunderstanding, which is not helpful for governance, so he prefers to use the umbrella terms carbon dioxide removal (CDR) and solar radiation modification (SRM), rather than a single all-encompassing term.

He also suggests that the definition is not as important as the ultimate impact. And he notes that several small but simultaneous interventions could have a far-reaching cumulative effect.

“Even in the case of covering the glaciers, the point is not whether or not you define it as geoengineering. The point is what impact it could have, and whether it needs to be done. Glacier-wrapping may have the positive impact of ‘saving’ the glacier. But it may have some other negative impacts as well, that people haven’t discovered.”

 

Global governance challenges

Globally, some other cryosphere research is getting more attention than the Dagu experiment. For example, the Arctic Ice Project, initiated by Stanford University lecturer Leslie Field, aims to spread tiny silicon beads onto young, thin ice to increase reflectivity. This is one of only a few attempts to move SRM techniques from computer models to the real world.

Another project in the works is the Stratospheric Controlled Perturbation Experiment (SCoPEx), proposed by Harvard scientists. This would see the release of small quantities of different materials (eg calcium carbonate) at an altitude of 20km, and then measuring the effects on the atmosphere and light scattering.

Models suggest that it would be quick-acting and its direct costs relatively cheap. Consequently, “stratospheric aerosol injection” is one of the most-discussed SRM technologies – but questions about who would control such technologies, and about potential adverse and unequal impacts create significant governance challenges, and have prompted some strong opposition.

Although these experiments are quite different, and are relatively small-scale, Pasztor says both require “some kind of guardrails that don’t exist, as research also needs to be regulated to follow the precautionary principle, and make sure that things happen the right way.”

Climate interventions could have unpredictable outcomes. Uneven changes in temperature or precipitation, for example, could widen regional climate differences, exacerbating food insecurity, flooding or environmental degradation. The lack of international governance means it is not possible for international society to exercise oversight of any state, company or individual that decides to apply a particular intervention.

In 2009, several scientists signed up to the Oxford Principles to try and provide guidance for geoengineering research and governance. The principles state geoengineering should be regulated as a public good, with public participation and transparency, and that governance should precede deployment.

Chen Ying, a member of the Chinese geoengineering research team led by John Moore, and a researcher with the Chinese Academy of Social Sciences’ Ecological Civilisation Institute, said that the governance-first approach should be followed, but effective implementation is difficult, as modelling, field trials and deployment all have different impacts, and experiments are carried out at a range of scales.

Moore said: “If you’re going to have any actual kind of international agreements, which really are needed, I think that you probably need to get very specific, rather than trying to have some overall kind of frame.”

Given the lack of international mechanisms, the SCoPEx project has set up an independent advisory committee to produce a governance framework and ensure research is transparent and responsible. But some have questioned if the committee is independent enough, and worry that carrying out field trials before adequate consensus has formed may lead to a relaxed attitude to risks.

Pasztor said it was not C2G’s place to comment on the governance efforts of specific projects, but said researchers have a duty to evaluate the physical and social impacts of their work, ensure transparency of plans and funding, and encourage stakeholder participation. Moore stressed that taking a diverse range of views on board is crucial, whatever governance framework is used.

The existing UN Framework Convention on Climate Change has a clear mandate for carbon removal as part of mitigation, but there is no equivalent international treaties or processes on SRM. A number of international rules on SRM are specific to certain technologies or issues, leaving an insufficient basis for global governance.

For example, the UN Convention on the Law of the Sea has articles applicable only to marine cloud brightening, while the Vienna Convention for the Protection of the Ozone Layer and the associated Montreal Protocol only focuses on potential damage to the ozone layer from aerosols.

On the form of future governance of SRM, Pasztor said: “There are many national, regional and international institutions that could have a role or would have a role to play, as well as civil society and the private sector. It’s a question of how one brings those together, and how additional institutional needs are then considered and decided.”

For example, he said, deployment of SRM would need a global atmospheric monitoring system – which the World Meteorological Organisation already has, although it would need adjustments and improvements to be suitable.

“The problem we are facing now is that most actors simply don’t know enough about these technologies, these approaches. They don’t know what is the latest science. They don’t know what are the risks and the benefits. They don’t realise what their governance challenges are. And that is so important because without that, it’s very difficult to even decide whether or not to make use of these approaches, or to make some international laws about this.” he said.

 

China’s role

The 2015-19 Chinese geoengineering research project led by John Moore was a joint undertaking by Beijing Normal University, Zhejiang University and the Chinese Academy of Sciences. It modelled and analysed the mechanisms and climate impacts of geoengineering, and evaluated its integrated social impacts and possible governance frameworks.

“What China has done in terms of geoengineering is very significant globally,” Moore said, describing it as a “larger and more sustained effort than people have been able to do so far internationally.” To increase the applicability of its findings, the research team tried to link its models with agricultural, economic and health outcomes. For example, what economic impact will differing levels of carbon release from Arctic permafrost have in various geoengineering or emissions scenarios?

China is vulnerable to climate disasters, and the project sparked speculation that it plans to roll out geoengineering in response. Moore said that so far, the project’s experiments are limited to computer models and the laboratory. He says China will not take action before an international consensus has formed, and covering one glacier or cloud-seeding do not count as geoengineering.

Chen Ying has noted that very few people in China are discussing such interventions, and academics and policymakers are not up to speed on the topic – and so it is too soon to talk of deployment. “If academics and the government don’t take the field seriously, it’s even harder for the public to understand it,” she said.

In China, prospects are brighter for deployment of carbon dioxide removal than solar-radiation management. In September, Xi Jinping announced at the UN General Assembly that China will achieve carbon neutrality by 2060. Chen Ying thinks this will first require decarbonisation of industry and technological innovation, along with more sustainable consumption. But the huge emissions cuts needed to achieve the 1.5C warming target makes international large-scale deployment of CDR likely.

But, she warns, it takes time to develop and deploy technology. For example, more mature and economic technologies are required for the carbon capture and storage part of BECCS, as well as assurances that the carbon will not leak back into the atmosphere. Application of BECCS should also minimise the impact on the environment and properly handle its relationship with food security, water and soil conservation. “There are a lot of issues and blanks, and early research and preparation are essential.”

 

The last chance

Regardless of the impact of the Dagu glacier experiment, it reflects a determination from the scientific community to identify ways to responds to climate change. Wang Feiteng said that another glacier-covering experiment will be carried out next May to test different materials and arrangements.

Moore thinks there is also an emotional element at play in these experiments, which mean people are keen to see them go ahead. “You have to provide some kind of light or some path at the end of the tunnel,” he said. “Maybe geoengineering is something that might provide a role to provide a better future. And governments really are keen to look at that.”

Chen Ying would like to see academics and the public more open to the idea of geoengineering. “Some people think it’s all pie in the sky and not worth researching, but that’s not the case. Others think it’s too radical, but that’s not right either. And researching it doesn’t mean you support deployment. Those are different things.”

Pasztor worries that in spite of recently announced commitments of many countries to reach carbon neutrality by 2050, and more recently by China by 2060, governments on the whole still aren’t taking emission reductions or removals seriously enough, despite the world still being far off achieving the 1.5-2C goal of the Paris Agreement. He warns that it could take 10 to 15 years of international research to decide if even “quick” methods like SRM are feasible, or how they might be governed.

“And if we’re not careful, we could end up in a few years, maybe a decade or so from now, where some country or countries unilaterally decide that there is no other option left than solar radiation modification, because it seems to them a fairly cheap and fairly quick way of reducing temperatures,” he said.

“That could lead to significant problems, including with other countries that did not agree. And unfortunately, it would be terrible for the world to end up in a situation where that was the only choice left.”

This article was originally published on China Dialogue under a Creative Commons licence.

 


 

Source: Eco Business

Forging a more sustainable path for animal farming

Forging a more sustainable path for animal farming

Every time a cow burps, it releases a bit of methane, a potent greenhouse gas that traps more heat than carbon-dioxide.

The livestock sector accounts for a significant 14.5 per cent of man-made greenhouse gas emissions and, in the Asia Pacific region, demand for dairy products is growing along with its middle class.

Driven by the growing number of cattle farms, methane emissions are at an all-time high, and could cause a disastrous global temperature rise of three to four degrees Celsius by 2100 if left unchecked, according to a recent Stanford University study.

“Emissions from cattle and other ruminants (herbivorous mammals) are almost as large as those from the fossil fuel industry for methane,” said Rob Jackson, a professor of Earth system science at the university who led the study. “People joke about burping cows without realising how big the source really is.”

With demand for beef and other meats expected to increase in tandem with growing wealth in countries such as China and India, some companies are taking steps to help the animal farming industry reduce its environmental impact.

Global nutrition, health and sustainable living company DSM, one of the world’s leading producers of nutritional ingredients, is testing an animal feed additive for cows that has reduced their methane emissions by about 30 per cent in previous and ongoing trials.

In August, the firm also launched a strategic initiative called “We Make It Possible” to make animal farming sustainable. It takes as its targets the United Nations’ Sustainable Development Goals 2, 3, 12, 13 and 14, which aim for zero hunger, good health and well-being for all, responsible consumption and production, action against climate change, and sustainable use of marine resources respectively by 2030.

Peter Fisher, DSM’s regional vice-president for animal health and nutrition in Asia Pacific, said that while plant-based diets have become more popular, meat still makes up a significant portion of many meals. “We have to figure out how to meet this demand in a responsible and sustainable way, and we have to do this with urgency,” he said.

To feed a world population of 9.7 billion by 2050, scientists have highlighted the need to avoid further deforestation, grow more efficiently on existing farms and shift to less meat-intensive diets, among other measures.

 

We have to figure out how to meet this demand in a responsible and sustainable way, and we have to do this with urgency.

Peter Fisher, regional vice-president for animal health and nutrition in Asia Pacific, DSM

 

Transforming farming

DSM’s initiative will promote its products and initiatives in six areas: Improving farm animals’ health and yield; improving the quality of food while reducing food waste and loss; cutting livestock emissions; making more efficient use of natural resources; reducing reliance on marine resources; and tackling anti-microbial resistance.

One of DSM’s solutions, a feed additive for cows called Bovaer, is currently undergoing trials in New Zealand and Australia and pending registration for use in Europe. When mixed into a cow’s feed, it inhibits an enzyme in the animal that triggers the production of methane. The additive has already been tested in over 30 farm trials, with over 25 peer-reviewed studies published in science journals attesting to its efficacy and showing no negative effects on the cows’ health or milk.

The company also created Hy-D, a vitamin D additive already on the market that helps pigs and chickens to build stronger skeletons and lead healthier and longer lives. This means that pigs can have more piglets over their lifetime, among other advantages for farmers. Feeding Hy-D to chickens also enables them to lay eggs that have shells that are about four per cent thicker, reducing egg breakages during packing and transport by about 15 per cent.

Each year, about 16 million tonnes of wild oily fish such as anchovies, sprat and capelin are caught and processed into fish meal and fish oil for aquaculture. The oil, in particular, contains two omega-3 fatty acids, eicosapentaenoic acid (EPA) and docosahexaenoic acid (DHA), that are used to grow nutritious fish for human consumption, especially in the salmon industry.

To reduce the reliance on these marine resources, DSM has partnered with another firm, Evonik, to produce EPA and DHA by fermenting natural marine algae. The amount of EPA and DHA in one tonne of the algal oil is equivalent to that in 60 tonnes of the wild-caught fish. DSM said that the partnership can currently meet 15 per cent of the salmon industry’s demand for EPA and DHA, equivalent to saving 1.2 million tonnes of wild-caught fish per year.

Fisher said that the firm will also help farmers make more efficient use of local crops for their animal feeds and other needs. “If they can do that, they won’t have to transport resources from across the world, and this will reduce their environmental footprint,” he explained.

He noted that the world’s growing population and demand for animal protein will continue to put huge and increasing pressure on its finite natural resources. “Along with the strain on the environment, this threatens to take our food systems well beyond the planet’s boundaries,” he said.

“Through our new strategic initiative, we hope to achieve a transformation in animal farming that will not only ensure a decent living for farmers but make animal farming sustainable and foster a brighter future.”

 


 

By Feng Zengkun

Source: Eco Business

Oxford Offsetting Principles: Academics launch new guidelines for carbon offsetting

Oxford Offsetting Principles: Academics launch new guidelines for carbon offsetting

Academics from the University of Oxford have today launched a new standard for carbon offsetting, in a bid to ensure the growing number of net zero strategies adopted by state and corporate actors are effective in their stated goal of halting increases in the atmospheric concentrations of greenhouse gases.

As things currently stand, a patchwork of voluntary and regulatory standards govern approaches to offsetting and how net zero is defined, a lack of cohesion that critics claim has led to a glut of low-quality offsets that undermine the credibility and effectiveness of net zero strategies.

The hope is that new principles, dubbed The Oxford Offsetting Principles, will help provide greater clarity to the broader industry on what consitutes a credible offset and become a key resources for cities, governments, and companies looking to avoid accusations of ‘greenwash’ as they seek to design and deliver robust net zero commitments that align with climate science.

“Adopting the Oxford Offsetting Principles and publicising their adoption can create the demand for offsets necessary to reach net zero emissions,” explained Professor Cameron Hepburn of the university’s Smith School of Enterprise and Environment. “Creating demand for long-lived greenhouse gas removal and storage is vital, whether we like it or not, to reaching the Paris goals.”

Credible net zero aligned offsetting is contingent on a number of key elements, according to the guidelines. First up, companies or state actors must prioritise emissions reduction before embarking on offsetting programmes, demonstrate the environmental integrity of any offsets that are sourced by the organisation, and disclose how all purchased offsets are then used.

Next, they should prioritise offsets that directly remove carbon from the atmosphere and offsets that remove carbon from the atmosphere permanently or almost permanently by shuttling it into long-lived storage.

Finally, all credible strategies should support the development of a ‘net zero aligned’ offset market.

Dr Ben Caldecott, Lombard Odier associate professor of sustainable finance and COP26 strategy advisor for finance, predicted the principles could prove a boon to the growing number of financial institutions looking to clean up their operations and portfolios.

“The Oxford Offsetting Principles can be used by financial institutions to design and deliver credible plans for achieving net zero,” he said. “Financial institutions can also assess the plans of investees and borrowers. This can inform risk and impact analysis, as well as engagement and stewardship activities.”

The new report also highlights the need for a “credible approach” to nature-based carbon offsets, such as forest restoration.

Professor Nathalie Seddon, director of the university’s Nature-based Solutions Initiative, emphasised that nature-based offsetting should be approached carefully. “Irrespective of any carbon benefits, scaling up the protection and restoration of ecosystems is vital,” she said. “While carbon offsets can help to fund some of this work, nature-based solutions should be valued and funded for the broad suite of benefits they bring, now and into the future. However, nature-based solutions are not an alternative to geological storage and rapid decarbonisation of the economy.”

 


 

By Cecilia Keating

Source: Business Green

Fossil fuel funding by world’s biggest banks has grown every year since the Paris Agreement, report finds

Fossil fuel funding by world’s biggest banks has grown every year since the Paris Agreement, report finds

America’s JP Morgan Chase has pumped more than the GDP of Finland into fossil fuels expansion since the Paris climate accord of 2015, while Japan’s and China’s mega banks have also been ‘failing miserably’ in their response to climate change over the last four years, a report from a coalition of NGOs has shown.

 

It’s as if the penny hasn’t dropped for the financial services industry that climate change is not only an increasingly disruptive environmental phenomenon, but a grave risk to the stability of the global economy.

Financial support for the fossil fuel industry has increased every year since the Paris Agreement came into being in 2015, according to a new report, Banking on Climate Change 2020, from a collective of environmental groups including Rainforest Action Network, BankTrack and Indigenous Environmental Network.

The Paris Agreement recommended that global warming be capped at 2°C above pre-industrial levels to avoid the most devastating effects of climate change. To do so, scientists say greenhouse gas emissions, the bulk of which come from the burning of fossil fuels, must be slashed.

However, the report found that 35 global banks have not only been maintaining but expanding the fossil fuels sector, with more than US$2.7 trillion in investments made since 2015.

 

It is unconscionable for banks to be approving new loans and raising capital for the companies that are pushing hardest to increase carbon emissions.

Alison Kirsch, climate and energy leader researcher, Rainforest Action Network

 

United States-headquartered banks JPMorgan Chase, Wells Fargo, Citi and Bank of America have accounted for 30 per cent of all fossil fuel financing from the major global banks since the Paris accord.

JPMorgan Chase, which recently announced it will close one-fifth of its branches in the US in response to the Covid-19 coronavirus pandemic, pumped US$269 billion—more than the gross domestic product of Finland—into the fossil fuels sector over the last four years, notably in fossil fuel expansion, Arctic oil and gas, offshore oil and gas, and fracking.

In Asia, Tokyo-headquartered Mitsubishi UFJ Financial Group (MUFG) was the region’s biggest fossil fuel financer and the world’s sixth-biggest financier, investing US$119 billion since 2015.

 

The investments in fossil fuels made by the world’s biggest 35 banking institutions between 2016 and 2019. Source: Banking on climate change report.

 

Counting out coal

China’s mega banks were found to be world’s biggest financiers of coal—the single biggest driver of greenhouse gas emissions—since the Paris Agreement. China Construction Bank and Bank of China are the biggest bankers of coal mining, pumping US$25 billion into the sector between them. The Industrial and Commercial Bank of China and Bank of China were the heaviest funders of coal power globally, investing US$42 billion combined, according to the report.

However, financial support for the carbon-intensive fuel is dwindling globally, the report noted. Finance to the top 30 coal mining companies fell by 6 per cent between 2016 and 2019, while finance to the top 30 coal power companies shrank by 13 per cent.

Though China’s banks are a noteable exception, the report found that 26 of the 35 banks in the report now have policies restricting coal finance, which has helped to push the finance sector away from coal. China’s big four banks do not have any climate policies in place.

A growing minority of the world’s biggest banks—now 16—now also restrict finance to some oil and gas sectors. The report said European banks have the toughest fossil fuel lending restrictions. France’s Crédit Agricole, the Royal Bank of Scotland and Italy’s Unicredit are said to have the most progressive climate policies.

 

Banking on Paris

The majority of the world’s top banks are signatories of frameworks such as the United Nations’ Principles for Responsible Banking and the Equator Principles, which commit banks to align their business strategies with the Paris Agreement.

But because potential emissions from the coal, oil and natural gas already in production exhaust the carbon budget for the 2°C warming limit of the Paris Agreement, any bank that supports the further expansion of the fossil fuel sector is Paris-incompatible, the report noted.

Alison Kirsch, climate and energy leader researcher, Rainforest Action Network, said that it is “crystal clear” that banks are “failing miserably” in their response to climate change and the decarbonisation of the global economy.

“As the toll of death and destruction from unprecedented floods, droughts, fires and storms grows, it is unconscionable and outrageous for banks to be approving new loans and raising capital for the companies that are pushing hardest to increase carbon emissions,” she said.

The report emerges at a time when the ongoing Covid-19 coronavirus is threatening to derail investment in renewable energy, according to the International Energy Agency.

 


Source: https://www.eco-business.com/

Biodiversity and our brains: How ecology and mental health go together in our cities

Biodiversity and our brains: How ecology and mental health go together in our cities

Biodiverse nature is particularly beneficial for mental well-being. There is also growing and compelling evidence that contact with diverse microbiomes in the soil and air has a profound effect on depression and anxiety.

 

 

Mental health in our cities is an increasingly urgent issue. Rates of disorders such as anxiety and depression are high. Urban design and planning can promote mental health by refocusing on spaces we use in our everyday lives in light of what research tells us about the benefits of exposure to nature and biodiversity.

Mental health issues have many causes. However, the changing and unpredictable elements of our physical and sensory environments have a profound impact on risk, experiences and recovery.

Physical activity is still the mainstay of urban planning efforts to enable healthy behaviours. Mental well-being is then a hoped-for byproduct of opportunities for exercise and social interaction.

Neuroscientific research and tools now allow us to examine more deeply some of the ways in which individuals experience spaces and natural elements. This knowledge can greatly add to, and shift, the priorities and direction of urban design and planning.

 

What do we mean by ‘nature’?

A large body of research has compellingly shown that “nature” in its many forms and contexts can have direct benefits on mental health. Unfortunately, the extent and diversity of natural habitats in our cities are decreasing rapidly.

Too often “nature” – by way of green space and “POS” (Public Open Space) – is still seen as something separate from other parts of our urban neighbourhoods. Regeneration efforts often focus on large green corridors. But even small patches of genuinely biodiverse nature can re-invite and sustain multitudes of plant and animal species, as urban ecologists have shown.

It has also been widely demonstrated that nature does not effect us in uniform or universal ways. Sometimes it can be confronting or dangerous. That is particularly true if nature is isolated or uninviting, or has unwritten rules around who should be there or what activities are appropriate.

These factors complicate the desire for a “nature pill” to treat urban ills.

We need to be far more specific about what “nature” we are talking about in design and planning to assist with mental health.

 

 

Why does biodiversity matter?

The exponential accessibility and affordability of lab and mobile technologies, such as fMRI and EEG measuring brain activity, have vastly widened the scope of studies of mental health and nature. Researchers are able, for example, to analyse responses to images of urban streetscapes versus forests. They can also track people’s perceptions “on the move”.

Research shows us biodiverse nature has particular positive benefit for mental well-being. Multi-sensory elements such as bird or frog sounds or wildflower smells have well-documented beneficial effects on mental restoration, calm and creativity.

Other senses – such as our sense of ourselves in space, our balance and equilibrium and temperature – can also contribute to us feeling restored by nature.

Acknowledging the crucial role all these senses play shifts the focus of urban design and planning from visual aesthetics and functional activity to how we experience natural spaces. This is particularly important in ensuring we create places for people of all abilities, mobilities and neurodiversities.

Neuroscientific research also shows an “enriched” environment – one with multiple diverse elements of interest – can prompt movement and engagement. This helps keep our brains cognitively healthy, and us happier.

Beyond brain imaging of experiences in nature, there is growing and compelling evidence that contact with diverse microbiomes in the soil and air has a profound effect on depression and anxiety. Increasing our interaction with natural elements through touch – literally getting dirt under our nails – is both psychologically therapeutic and neurologically nourishing.

We also have increasing evidence that air, noise and soil pollution increase risk of mental health disorders in cities.

 

What does this mean for urban neighbourhoods?

These converging illustrations suggest biodiverse urban nature is a priority for promoting mental health. Our job as designers and planners is therefore to multiply opportunities to interact with these areas in tangible ways.

The concept of “biophilia” isn’t new. But a focus on incidental and authentic biodiversity helps us apply this very broad, at times unwieldy and non-contextual, concept to the local environment. This grounds efforts in real-time, achievable interventions.

 

 

Using novel technologies and interdisciplinary research expands our understanding of the ways our environments affect our mental well-being. This knowledge challenges the standardised planning of nature spaces and monocultured plantings in our cities. Neuroscience can therefore support urban designers and planners in allowing for more flexibility and authenticity of nature in urban areas.

Neuroscientific evidence of our sensory encounters with biodiverse nature points us towards the ultimate win-win (-win) for ecology, mental health and cities.

 


 

Dr Zoe Myers is the author of Wildness and Wellbeing: Nature, Neuroscience, and Urban Design (Palgrave Macmillan, 2020). This article was originally published on The Conversation.