All decisions at these U.N. climate conferences – always – are promissory notes. And the legacy of climate negotiations is one of promises not kept.
This promise, welcome as it is, is particularly vague and unconvincing, even by U.N. standards.
Essentially, the agreement only begins the process of establishing a fund. The implementable decision is to set up a “transitional committee,” which is tasked with making recommendations for the world to consider at the 2023 climate conference, COP28, in Dubai.
Importantly for wealthy countries, the text avoids terms like “liability” and “compensation.” Those had beenred lines for the United States. The most important operational questions were also left to 2023. Three, in particular, are likely to hound the next COP.
1) Who will pay into this new fund?
Developed countries have made it very clear that the fund will be voluntary and should not be restricted only to developed country contributions. Given that the much-trumpeted US$100 billion a year that wealthy nations promised in 2015 to provide for developing nations has not yet materialized, believing that rich countries will be pouring their heart into this new venture seems to be yet another triumph of hope over experience.
2) The fund will be new, but will it be additional?
It is not at all clear if money in the fund will be “new” money or simply aid already committed for other issues and shifted to the fund. In fact, the COP27 language could easily be read as favoring arrangements that “complement and include” existing sources rather than new and additional financing.
3) Who would receive support from the fund?
As climate disasters increase all over the world, we could tragically get into disasters competing with disasters – is my drought more urgent than your flood? – unless explicit principles of climate justice and the polluter pays principle are clearly established.
What COP27 at Sharm el-Sheikh, Egypt, has done is to ensure that the idea of loss and damage will be a central feature of all future climate negotiations. That is big.
Seasoned observers left Sharm el-Sheikh wondering how developing countries were able to push the loss and damage agenda so successfully at COP27 when it has been so firmly resisted by large emitter countries like the United States for so long.
The logic of climate justice has always been impeccable: The countries that have contributed most to creating the problem are a near mirror opposite of those who face the most imminent risk of climatic loss and damage. So, what changed?
At least three things made COP27 the perfect time for this issue to ripen.
Second, the devastating floods this summer that inundated a third of my home country of Pakistan provided the world with an immediate and extremely visual sense of what climate impacts can look like, particularly for the most vulnerable people. They affected 33 million people are expected to cost over $16 billion.
The floods, in addition to a spate of other recent climate calamities, provided developing countries – which happened to be represented at COP27 by an energized Pakistan as the chair of the “G-77 plus China,” a coalition of more than 170 developing countries – with the motivation and the authority to push a loss and damage agenda more vigorously than ever before.
Importantly, for now, developing countries got what they wanted: a fund for loss and damage. And developed countries were able to avoid what they have always been unwilling to give: any concrete funding commitments or any acknowledgment of responsibility for reparations.
Both can go home and declare victory. But not for long.
Is it just a ‘placebo fund’?
Real as the jubilation is for developing countries, it is also tempered. And rightly so.
For developing countries, there is a real danger that this turns out to be another “placebo fund,” to use Oxford University researcher Benito Müller’s term – an agreed-to funding arrangement without any agreed-to funding commitments.
The COP27 delivered partial success in an agreement on a fund for those vulnerable countries; however, it still needs to provide an understanding of the most basic requirements for stopping the current climate breakdown. That is mainly to slash the burning of fossil fuels as promptly as possible. In the meantime, life carries on. Like in the story that follows, it is not building better with less at this conjecture and not about decarbonising all active ingredients but, like Azerbaijan sharing investment plans within the concept of ‘smart’ cities and villages.
Azerbaijan shares investment plans within concept of ‘smart’ cities, villages
BAKU, Azerbaijan, November 21. Azerbaijan cooperates with the world’s leading companies in the building of ‘smart’ cities and villages, Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev said on November 21 during an international conference on ‘smart’ cities and villages, being held in Baku, Trend reports.
According to Nabiyev, the concepts of ‘smart’ cities and villages contribute to the efficient use of water and other natural resources.
“In the next five years, $2.5 trillion will be invested in these concepts. Azerbaijan has been working in this direction since 2020. Our ministry has studied the experience of leading countries when elaborating on the concepts. Within the framework of the ‘Online Azerbaijan’ concept, large-scale work is being carried out to integrate state systems, switch to ‘cloud’ technologies and other work,” the minister noted.
Besides, Nabiyev noted that the effectiveness of the concept of ‘smart’ cities and villages may differ depending on the region.
“When implementing these projects, we take into account the factor of development of local companies and their localization,” he said.
The minister pointed out that over the past two years, 472,000 households in Azerbaijan have been provided with fiber-optic communication, and by 2024 even the most remote villages will be provided with it.
Speaking about the development of these projects, Nabiyev said that more attention should be paid to ensuring the security of information systems.
“In the next three years, 932 highly qualified specialists in the field of cybersecurity will be trained in Azerbaijan,” he added.
In their understanding of good governance and its role in sustainable development, Gulf Business addresses this theme only within the business world of the MENA region, specifically within the Gulf area countries. Let us see what it is all about.
Insights: Understanding good governance and its role in sustainable development
By Dr Ashraf Gamal Eldin
Good corporate governance fosters fair competition, enables efficient utilisation of resources, increases employment opportunities, and develops domestic and regional capital markets.
11 November 2022
Dr Ashraf Gamal Eldin
The term ‘governance’ refers to all forms of regulations, including that of institutions, procedures, and practices used to decide on and regulate matters of public concern. In its most basic sense, governance is about providing direction and ensuring that an institution operates efficiently.
Good governance, however, adds a normative or evaluative attribute to this process. In simple terms, good governance refers to the institutional and political outcomes necessary to achieve developmental objectives. The concept has become increasingly important in recent years, emerging as one of the essential components for growth and sustainable development. The key measure of good governance is the extent to which it upholds human rights, including civil, cultural, economic, political, and social indicators. As a result, it is important to understand good governance and its significance in sustainable development.
Good governance reassures stakeholders that an organisation fulfills its obligations to all of its stakeholders, it treats everyone with respect and dignity, by being transparent about its operations, finances, and conduct. In fact, a major indicator of an institution’s quality and excellence is how committed it is to adopt the principles of good governance in all facets of its operations and decision-making. This is even more important, as it significantly supports sustainable development in institutions. It is widely observed that the inability to uphold these principles can have negative effects on welfare, efficiency, and operational excellence, thereby affecting the long-term success of organisations.
The private sector is growing rapidly in the Middle East and North Africa (MENA) region. Despite the fact that every country is unique, forward-thinking companies throughout the region see better corporate governance as a competitive advantage in their quest for growth and profitability. Consequently, countries in the MENA region are at various stages of developing unique corporate governance frameworks. This could be further driven by making strenuous efforts to create a national environment that supports and encourages corporate governance in the region. The UAE ranked first in the Middle East and 24th globally on the Good Governance Index 2022, which was released by the Chandler Institute for Governance, a non-profit organisation that works with governments to strengthen their capabilities.
Sustainable development argues that the current use of resources should minimize the level of harm to the future generations’ share of resources. ‘Good Governance’ is capable of common sense and the versatile planning that is required for sustainable development.
A good corporate governance system fosters fair competition, enables more efficient utilisation of resources, increases employment opportunities, and the development of domestic and regional capital markets. With governance playing a crucial role in driving efforts to meet institutional goals, it has been referred to as the fourth pillar of sustainable development alongside social, environmental, and economic factors. As there is a strong emphasis on minimising future harm from the current use of resources, governance will certainly aid in shaping versatile strategies that ensure sustainable development across organisations.
Good governance is not a luxury, it creates a competitive edge for companies and economies.
Dr Ashraf Gamal Eldin is the CEO of Hawkamah Institute for Corporate Governance
WASHINGTON, Oct 19 (Reuters) – The latest pledges by countries to tackle global warming under the Paris Agreement are “woefully inadequate” to avert a rise in global temperatures that scientists say will worsen droughts, storms and floods, a report said on Wednesday.
The 2015 pact launched at a U.N. global climate summit requires 194 countries to detail their plans to fight climate change in what are known as nationally determined contributions, or NDCs.
In pledges made through September, the NDCs would reduce global emissions of greenhouse gases only 7% from 2019 levels by 2030, said the report titled “The State of NDCs: 2022.” It was written by the World Resources Institute (WRI) global nonprofit research group.
Countries must strengthen their targets by about six times that, or at least 43%, to align with what the U.N. Intergovernmental Panel on Climate Change says is enough to reach the Paris Agreement’s goal of limiting the global temperature rise by 1.5 degrees Celsius (2.7 degrees F), it said.
“It really looks like we’re hitting a bit of a plateau,” Taryn Fransen, a senior fellow at WRI and author of the report said in an interview. She added that the COVID-19 pandemic and economic woes may have mostly capped countries’ ambitions to boost their NDCs since 2021.
Current NDCs propose to reduce emissions by 5.5 gigatonnes compared with the initial NDCs from 2015, nearly equal to eliminating the annual emissions of the United States. But only 10% of that planned reduction has been pledged since 2021.
On the bright side, Australia and Indonesia did boost their NDCs this year. “That got us some progress,” Fransen said, “but there hasn’t been a lot beyond that.” Countries in the Paris Agreement are required to update their NDCs by 2025.
“If the pace of improvement from 2016 to today continues, the world will not only miss the Paris Agreement goals, but it will miss them by a long shot,” the report said.
Much of the focus of this year’s global climate talks, to be held next month in Egypt, will center on reducing emissions of methane, a greenhouse gas far more potent than carbon dioxide during its first 20 years in the atmosphere. In an example of the work yet to be done, WRI found that only 15 of the 119 countries that signed a Global Methane Pledge launched last year included a specific, quantified methane reduction target in their NDCs.
Fransen said economic and health benefits of reducing emissions, such as the build-out of the energy transition and reduced air pollution, can help build momentum to deeper cuts. “Seeing those benefits can only help drive more ambitions, but it is a bit of a chicken-and-egg problem,” she said.
Reporting by Timothy Gardner in Washington Editing by Matthew Lewis
Would Sustainability in the manufacturing sector help reduce the environmental impact of the industry, or as put by Nabil Nasr of Rochester Institute of Technology, who below talks about how Sustainability helps reduce the environmental impact of the industry.
How sustainable manufacturing could help reduce the environmental impact of industry
Nabil Nasr is the associate provost and director of the Golisano Institute for Sustainability at Rochester Institute of Technology. He is also the CEO of the Remade Institute, which was established by the U.S. government to conduct early-stage R&D to accelerate the transition to circular economy, which is a sustainable industrial model for improved resource efficiency and decreased systemic energy, emissions and waste generation. Below are highlights from an interview with The Conversation. Here, Nasr explains some of the ideas behind sustainable manufacturing and why they matter. Answers have been edited for brevity and clarity.
How would you explain sustainable manufacturing? What does the average person not know or understand about sustainable manufacturing?
When we talk about sustainable manufacturing, we mean cleaner and more efficient systems with less resource consumption, less waste and emissions. It is to simply minimize any negative impact on the environment while we are still meeting demand, but in much more efficient and sustainable ways. One example of sustainable manufacturing is an automotive factory carrying out its production capacity with 10% of its typical emission due to advanced and efficient processing technology, reducing its production waste to near zero by figuring out how to switch its shipping containers of supplied parts from single use to reusable ones, accept more recycled materials in production, and through innovation make their products more efficient and last longer.
Sustainability is about the proper balance in a system. In our industrial system, it means we are taking into account the impact of what we do and also making sure we understand the impact on the supply side of natural resources that we use. It is understanding environmental impacts and making sure we’re not causing negative impacts unnecessarily. It’s being able to ensure that we are able to satisfy our demands now and in the future without facing any environmental challenges.
Early on at the beginning of the Industrial Revolution, emissions, waste and natural resource consumption were low. A lot of the manufacturing impacts on the environment were not taken into account because the volumes that we were generating were much, much lower than we have today. The methods and approaches in manufacturing we use today are really built on a lot of those approaches that we developed back then.
The reality is that the situation today has drastically changed, but our approaches have not. There is plenty of industrialization going on around the globe. And, there is plenty of pollution and waste generated. In addition, a lot of materials we use in manufacturing are nonrenewable resources.
So it sounds like countries that are industrialized now picked up a lot of bad habits. And we know that growth is coming from these developing nations and we don’t want them to repeat those bad habits. But we want to raise their standard of living just without the consequences that we brought to the environment.
Yeah, absolutely. So there was an article I read a long time ago that said China and India either will destroy the world or save it. And I think the rationale was that if China and India copy the model and technologies used in the West to building its industrial system, the world will see drastic negative impact on the environment. The key factor here is the significantly high scale of activities needed to support their very large populations. However, if they are much more innovative and come up with much more efficient and cleaner methods better than used in the West to build up industrial enterprises, they would save the world because the scale of what they do is significant.
In talking about how these two countries could either ruin or save the world, do you remain an optimist?
Absolutely. I serve on the the United Nations Environment Program’s International Resource Panel. One of the IRP’s roles is to inform policy through validated independent scientific studies. One of the panel’s reports is called the Global Resources Outlook. The last report was published in 2019.
The experts are saying that if business as usual continues, we’re probably going to increase greenhouse gas emission by 43% by 2060. However, if we employ effective sustainability measures across the globe, we can reduce greenhouse gas emissions by a significant percentage, even by as much as 90%. A 2018 study I led for the IRP found that applying remanufacturing alongside other resource recovery methods like comprehensive refurbishment, repair and reuse could cut greenhouse gas emissions of those products by 79%–99% across manufacturing supply chains.
So there is optimism if we employ many sustainability measures. However, I’ve been around long enough to know that it’s always disappointing to see that the indicators are there; the approaches to address some of those issues are identified, but the will to actually employ them isn’t. Despite this, I’m still optimistic because we know enough about the right path forward and it is still not too late to move in the right direction.
Were there any lessons we’ve learned during the COVID-19 pandemic that we can apply to challenges we’re facing?
We learned a lot from the COVID crisis. When the risk became known, even though not all agreed, people around the globe took significant measures and actions to address the challenge. We accepted changes to the way we live and interact, we marshaled all of our resources to develop vaccines and address the medical supply shortages. The bottom line is that we rose to the occasion and we, in most part, took actions to deal with the risk in a significant way.
The environmental challenges we face today, like climate change, are serious global challenges as well. However, they have been occurring over a long time and, unfortunately, mostly have not been taken as seriously as they should have been. We certainly have learned that when we have the will to address serious challenges, we can meet them.
Final question. Give me the elevator pitch on remanufacturing.
Remanufacturing is a process by which we bring a product that has been used back to a like-new-or-better condition. Through a rigorous industrial process, we disassemble the product to the component level. We clean, inspect and restore it, qualifying every part. We then reassemble the product similar to what happened when it was built the first time. The reality is that by doing so, you’re using anywhere from 70% to 90% of the materials recovered from the use phase. This has significantly far lower impacts on the environment when compared to making new products from raw materials.
You don’t mine virgin material for that. You’re saving the energy that made those parts; you’re saving the capital equipment that made those parts; you’re saving the labor cost. So the savings are significant. The overall savings are about 50%. For example, a remanufactured vehicle part in the United States requires less than 10% of the energy needed to make a new one, and less than 5% of new materials. That means lower costs for the producer while providing the consumer with a very high-quality product. Examples of commonly remanufactured products are construction equipment, automotive engines and transmissions, medical equipment and aircraft parts. Those products are similar to brand-new products, and companies like Xerox, Caterpillar and GE all have made remanufacturing an important part of their overall operations.
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