Wartime rhetoric, especially harking back to World War II, pervades public discourse in many fields. In the UK, this is currently a device associated particularly with the Brexit ‘debate’. But here and around the world such emotive framing now extends to the climate emergency. Esteemed economist Joseph Stiglitz has referred to the climate crisis as humanity’s Third World War, […]
Brazil suffered its worst environmental disaster in November 2015. A dam containing waste from an iron ore mine collapsed, killing 19 people and distributing an estimated 39.2 million cubic metres of brown, toxic mud along the Doce river in the Brazilian state of Minas Gerais. The village of Bento Rodrigues was completely destroyed. The polluted material travelled through to […]
Green parties were among the main winners in May’s European elections. Indeed, they have become a political force in the new European Parliament, and their success should add significant momentum to the push toward renewable energy transition in an otherwise unsympathetic environment. Yet for this to lead to a real tipping point for renewable energy in the EU, the […]
Carbon pricing has been implemented by more than 50 jurisdictions worldwide, and currently covers more than 20 per cent of global greenhouse gas emissions according to the most recent World Bank report on the subject. The jurisdictions pricing carbon include both developed and developing countries. South Africa approved a carbon tax earlier this year. The most recent addition to […]
Our civilisation is experiencing significant challenges on many fronts. The Intergovernmental Panel on Climate Change warns that we have a little over a decade to turn around our economic system to avoid catastrophic changes to the global climate system (IPCC 2018). The Stockholm Resilience Center published a report stating that we have exceeded the ‘safe operating space’ in three […]
Back in 2015, when the Paris Agreement was signed, just a handful of regulators were engaged with climate change risk, notably the Bank of England and the People’s Bank of China.
But now momentum is growing. March 2019 alone saw three important steps forward. First, the Bank of England’s Mark Carney, one of the first central bankers to take action […]
In the 1960s, there were worries that U.S. economic growth would lead to increasingly dangerous levels of pollution, and that by the year 2000, air pollution would make cities like Los Angeles and New York uninhabitable. Instead, U.S. air quality has improved dramatically since then. Between 1990 and 2008, emissions of the most common air pollutants from U.S. manufacturing […]
Throughout the world there have been efforts to reduce gasoline consumption and carbon emissions by changing the cost per mile traveled. One of the reasons to justify such efforts is the concern that emissions from conventional vehicles, which is the second source of carbon emissions after the electricity sector in the U.S., may have serious consequences for the environment.
Economic growth has helped millions out of poverty. The jobs it creates mean rising incomes and consumers who buy more. This drives further growth and higher living standards, including better health and education. Yet WWF, the World Wildlife Fund, has recently warned that exploding human consumption is the driving force behind unprecedented planetary change, through increased demand for energy, […]
At first sight, the worlds of investment and of work can appear to be very distant from one another. Financial markets remain driven by short-term factors, where workers are often regarded simply as a cost of production to be minimised.
A growing number of institutional investors, however, see this as a parody of what is needed to successfully deliver long-term […]
The climatic events in southern Africa that followed the El Niño of 2015/16 – one of the strongest El Niño events in the past 50 years – manifested as below-normal precipitation during key parts of the rainy seasons in both years, and heat waves. Reduced rainfall in southern Africa is typical of El Niño years and when the event […]
In recent years, environmental activism has been increasingly vibrant in many emerging economies. As the economy becomes more developed, the public’s awareness of environmental sustainability has been rising. One notable example is China as Chinese citizens have begun expressing their concern for the natural environment via both online channels and through public protests. Yet China is an authoritarian country […]