Major infrastructure financiers will have to significantly decarbonize their investments to meet mounting promises to cut carbon emissions to “net-zero” by mid-century. We provide new details about those needed shifts. Using two World Bank databases of infrastructure projects throughout the developing world, and applying a methodology for imputing the projects' likely future carbon output, we assess the emissions profile of power-plant projects executed from 2018 through 2020 — the three years immediately preceding the spate of net-zero pledges.
Wetlands provide ∼$47.4 trillion/year worth of ecosystem services globally and support immense biodiversity, yet face widespread drainage and pollution, and large-scale wetlands restoration is urgently needed. Payment for ecosystem service (PES) schemes provide a viable avenue for funding large-scale wetland restoration. However, schemes around the globe differ substantially in their goals, structure, challenges, and effectiveness in supporting large-scale wetland restoration.
Economically viable electric vehicle lithium-ion battery recycling is increasingly needed; however routes to profitability are still unclear. We present a comprehensive, holistic techno-economic model as a framework to directly compare recycling locations and processes, providing a key tool for recycling cost optimization in an international battery recycling economy. We show that recycling can be economically viable, with cost/profit ranging from (−21.43 - +21.91) $·kWh−1 but strongly depends on transport distances, wages, pack design and recycling method.
Elsevier, Current Opinion in Environmental Sustainability, Volume 50, June 2021
The climate policy discourse on Loss and Damage has been considering options for averting, minimizing and addressing critical and increasingly systemic climate-related risks in vulnerable countries. Research has started to identify possible finance sources and mechanisms, but stopped short of positioning those options along a comprehensive risk management framework in line with the whole scope of Loss&Damage.
Slow-onset events (SOE) such as sea level rise, desertification, salinisation, ocean acidification, loss of biodiversity and forests or glacial retreat fall under loss and damage (L&D) from climate change impacts under the United Nations Framework Convention on Climate Change and are increasingly threatening the environment and people's livelihoods. Irreversible SOE are closely linked to non-economic losses (NEL) such as health, human mobility or loss of ecosystem services. Neither L&D from SOE nor NELs have a dedicated funding stream.
Elsevier, Current Opinion in Environmental Sustainability, Volume 50, June 2021
Based on a systematic review of journal articles, books and book chapters, and policy papers, we evaluate possible sources of finance for addressing loss and damage from slow onset climate events in developing countries. We find that most publications explore insurance schemes which are not appropriate for most slow onset events. From this, we determine that only a few sources are sustainable. Levies and taxes are seen as relatively fair, predictable, adequate, transparent, and additional.
Effective management of slow-onset impacts such as coastal erosion, desertification and sea level rise and their often-transformative impacts on communities and countries has remained relatively unexplored in terms of policy and finance responses. Drawing on relevant global experience, this paper investigates recent approaches to planned relocation as one possible response to climate change impacts and considers principles to inform the design of a fair and effective funding system.
Elsevier, Current Opinion in Environmental Sustainability, Volume 50, June 2021
The processes of salinisation and alkalinisation of soil that caused the formation of different types of saline (halomorphic) soils are characteristic of the northern part of Serbia — the area of Vojvodina. These soils are characterized by poor physical and chemical properties due to a high content of salt and/or adsorbed Na+ ions because of which are being used to a limited extent in agricultural production, and more as pastures.
Elsevier, One Earth, Volume 4, 21 May 2021
Globally, financial services are well positioned to contribute to the transformation needed for sustainable futures and will be critical for supporting corporate activities that regenerate and promote biosphere resilience as a key strategy to confront the new risk landscape of the Anthropocene. While current financial risk frameworks focus primarily on financial materiality and risks to the financial sector, failure to account for investment externalities will aggravate climate and other environmental change and set current sustainable finance initiatives off course.
In this first episode of the “World We Want” podcast series, RELX’s Global Head of Corporate Responsibility, Dr Márcia Balisciano, talks to Georg Kell about leadership.