Investing in climate risk: the new strategy–Sovereign Wealth Funds
Juil06

Investing in climate risk: the new strategy–Sovereign Wealth Funds

  Investing in climate risk: the new strategy  -Sovereign Wealth Funds Six sovereign wealth funds which collectively represent more than USD 3 trillion in assets have committed to only invest in companies that factor climate risks into their strategies, thereby helping to achieve the climate goals of the Paris Agreement. By Houmi Ahamed-Mikidache Given the size, long term investment horizons of sovereign wealth funds (SWFs), and the financial risks posed to SWFs should warming exceed 1.5°C above pre-industrial levels, SWFs are in a unique position to both benefit from sustainable market outcomes and to accelerate the transition to a low carbon economy. The six funds are organized in the “One Planet Sovereign Wealth Fund Working Group,  established in December 2017 at the One Planet Summit in Paris, France. The working group consists of the Abu Dhabi Investment Authority, Kuwait Investment Authority, the New Zealand Superannuation Fund, Norges Bank Investment Management of Norway, the Public Investment Fund of the Kingdom of Saudi Arabia, and the Qatar Investment Authority. In a joint statement from all 6 SWFs, they said that “By using the Framework, SWFs can reinforce their long-term value creation, improve their risk-return profile, and increase long-term portfolio resilience by factoring and integrating climate issues into their decision-making.” The framework The framework is based on three principals: alignment, ownership, and integration. Alignment of investment decisions with climate change conscientiousness includes the recommendation of public reporting on the alignment and the consideration that the financial risks from climate change may prevent SWFs from delivering the same returns in the future. The second principal of ownership encourages companies to take responsibility for climate change in their business strategy and planning, governance, and risk management. Companies are expected to understand the implications of their greenhouse gas emissions and take responsibility for reducing the emissions to levels agreed upon in the Paris Climate Agreement. SWFs are also encouraged in the framework to help companies understand the financial risks of climate change that the Paris Agreement seeks to address. Ownership also suggests that SWFs require companies to provide regular reporting of climate change related data according to the Greenhouse Gas Protocol and the Task Force on Climate-related Financial Disclosures. The third and final principal is the full integration of climate change related risk and investment opportunities into the SWF investment strategy. Funds should be managed according to the expected transition to a low carbon economy and include a focus on investment in climate change adaptation and mitigation to reduce investment risks. Climate change risk should also be considered in new investment decisions.  An investment that would increase greenhouse gas emissions and thus climate change will lead to greater risk in the...

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Niger- Climat- Emplois verts: ” La jeunesse francophone ne doit pas être lésée” -Sani Ayouba-JVE
Avr10

Niger- Climat- Emplois verts: ” La jeunesse francophone ne doit pas être lésée” -Sani Ayouba-JVE

Niger- Climat- Emplois verts: ” La jeunesse francophone ne doit pas être lésée” -Sani Ayouba-JVE   La ville de Niamey au Niger a accueilli du 27 au 30 mars dernier   pour la seconde fois le forum  international francophone jeunesse et emplois verts. Objectif : préparer la jeunesse au marché des métiers sobres en carbone, une opportunité pour le Niger qui connait une forte croissance démographique. Sa population était estimée, d’après l’ONU,  à 17 millions d’habitants en 2013, et est classée 187ème sur 188 selon l’Indice de développement humain.  Autres défis : la dégradation de l’environnement et les changements climatiques,  l’insécurité alimentaire et nutritionnelle, l’insécurité globale dans le pays et l’impact des problèmes sécuritaires dans les autres pays voisins. Era Environnement vous propose d’écouter l’unn des jeunes acteurs principaux de la lutte contre les changements climatiques aux Niger, l’activiste Sani Ayouba, directeur exécutif de l’Organisation Non gouvernement Jeune Volontaire pour l’Environnement (JVE). Entretien. Propos recueillis par Houmi Ahamed Mikidache         Présentationforum LESALONDELEMPLOI       Lesmétierssuite       150J       JVE1       demain       lespartenaires              ...

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UNFCCC: A new gate for the Talanoa Dialogue
Jan27

UNFCCC: A new gate for the Talanoa Dialogue

UNFCCC: A new gate for the Talanoa Dialogue The UN Climate Change secretariat launched yesterday a new portal to support the Talanoa Diaologue, an important international conversation in which countries will check progress and seek to increase global ambition to meet the goals of the Paris Climate Change Agreement. By Houmi Ahamed-Mikidache   How will it work? Through the portal, all countries and other stakeholders, including business, investors, cities, regions and civil society, are invited to make submissions into the Talanoa Dialogue around three central questions: Where are we? Where do we want to go? How do we get there? Countries and non-Party stakeholders will be contributing ideas, recommendations and information that can assist the world in taking climate action to the next level in order to meet the objectives of the Paris Agreement and support the Sustainable Development Goals (SDGs). The Talanoa Dialogue The Dialogue was launched at the UN Climate Change Conference COP23 in Bonn in November 2017 and will run throughout 2018. The Paris Agreement’s central goal is keep the global average temperature rise to below 2C degrees and as close as possible to 1.5C. Current global ambition to reduce greenhouse gas emissions and to prepare societies to resist increasing climate change is not enough to achieve this under the current national climate action plans known as Nationally Determined Contributions (NDCs). “The portal is the gateway for the Talanoa Dialogue. It represents the central point for everyone to make their views heard around enhanced ambition. Additionally, it will make available other key resources for the dialogue,” said Patricia Espinosa, Executive Secretary of UN Climate Change. “I very much welcome the portal because it provides transparency and broadens participation in the dialogue. I look forward to many governments and other actors making their submissions via the portal as part of world-wide efforts required for the next level of climate action and ambition”, she said. The Pacific island concept of ‘Talanoa’ was introduced by Fiji, which held the Presidency of the COP23 UN Climate Change Conference. It aims at an inclusive, participatory and transparent dialogue. The purpose of the concept is to share stories, build empathy and to make wise decisions for the collective good. The Talanoa method purposely avoids blame and criticism to create a safe space for the exchange of ideas and collective decision-making. The Talanoa Dialogue will be constructive, facilitative and oriented towards providing solutions and will see both technical and political exchanges....

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Africa-Environment: “we have to be very strong” Pacome Moubelet Boubeya (AMCEN)
Jan27

Africa-Environment: “we have to be very strong” Pacome Moubelet Boubeya (AMCEN)

Africa-Environment: “we have to be very strong” Pacome Moubelet Boubeya (AMCEN) On the sidelne of  the  3rd United Nations Environment Assembly held at the end of last year,  Era Environnement was part of a press conference held by  the minister of Forestry and Environment of Gabon, Pacome Moubelet Boubeya, who  is also the  president of the African Ministerial Conference on the Environment ( AMCEN).  Mr Pacome Moubelet Boubeya gave his view on the significant role that  (AMCEN) plays on the continent and in the world. Interview by Wandile Kalippa in Kenya Era Environnement: Do you think Africa is ready to walk the talk on pollution, in view of the contrasting realities of ecosystem pollution by oil companies in Central Africa and Nigeria, and West Africa particularly, Nigeria and Gabon to be exact? Pacome Moubelet Boubeya: We have a big challenge. We have a challenge of developing our countries, of financing that development, of creating jobs and wealth to our countries, but we have a greater challenge even that of making sure that in the development strategies that we are taking we are not going to be destroying our own countries because of the exploitation of oil for instance, so, we have to be very aware of that and we have to adapt our development ambitions to what the reality is going to be tomorrow. If we do not do so now that the West is making and taking every effort for them to align with what they believe tomorrow is going to be. If we do not do anything today, it means that tomorrow we will be once again twenty of fifty years late, if we can compare with the West. So, we have a challenge. The challenge is to as I was saying to create wealth, give jobs to our people in the case of Nigeria and in the case of Gabon as well, you see that our population is very young and if we foresee the increase in population, let us say in Nigeria we can see that within the next twenty – twenty five, fifty years the population of Nigeria is going to increase by something like twenty five or thirty five percent, and we need to adapt our environment , global environment with the increase of population that we are going to have to make sure that we have the means and wealth to take care of these people as well. But maintaining what we have the most permanent in our countries which is our earth, our environment and we have to do whatever we have to, to protect, it means what? It means we have to...

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One Planet Summit: ” Ce sommet ne se substitue pas aux mécanismes de la COP “- Seyni Nafo
Déc17

One Planet Summit: ” Ce sommet ne se substitue pas aux mécanismes de la COP “- Seyni Nafo

One Planet Summit: ” Ce sommet ne se substitue pas aux mécanismes de la COP “- Seyni Nafo Présent récemment au One Planet Summit, l’ambassadeur malien pour le climat, président du groupe des négociateurs africains en fin d’exercice et directeur intérimaire de l’unité indépendante de mise en œuvre de l’initiative africaine d’accès à l’énergie, Seyni Nafo revient sur les points essentiels de l’Accord de Paris et se confie à Era Environnement dans un entretien fleuve.   Era Environnement : Que pensez-vous des douze engagements présentés lors du One Planet Summit ? Seyni Nafo : Je salue ces engagements. Mais, je suis plutôt intéressé par l’annonce du président Macron : la mise en place d’un dispositif de vérification de la mise en œuvre de ces engagements. J’ai envie de prendre attache avec son équipe pour savoir quelles vont être les modalités de mise en application de ce dispositif. Je salue par ailleurs les engagements individuels des pays. Comment pourriez-vous définir le One Planet Summit ? Ce sommet ne vient pas d’une résolution de la Conférence des Nations Unies sur les Changements Climatiques. C’est un sommet positif qui veut mobiliser l’ensemble des acteurs et  accélérer les efforts,  pour relancer la dynamique. On appelle ça un push politique. Au regard de la situation dans laquelle nous sommes depuis l’annonce de  retrait du président Trump, il faut apprécier toutes les actions politiques qui tentent de mobiliser l’ensemble des acteurs pour remettre le climat en haut de l’agenda de l’action au niveau global. Mais, il ne faut pas oublier les négociations formelles : les pays développés et en développement ont pris des engagements dans l’Accord de Paris, à l’exception des Etats-Unis. Il existe  un dispositif de mécanisme de suivi et d’évaluation, des mesures de reporting  et de vérification des engagements de l’Accord de Paris. Ce sommet ne se substitue pas aux   mécanismes de la COP et de la Convention Cadre des Nations Unies sur les Changements Climatiques. Cette plateforme que veut mettre en place le président Macron est une bonne chose : cela permettra aux acteurs présents le 12 décembre  dernier de suivre leurs engagements. Si j’ai bien compris, l’objectif est de faire un point annuel sur les  engagements du Sommet. Et c’est très important. Ce sommet à réussi à mobiliser de nombreuses personnalités du cinéma, du secteur privé, des banques centrales…C’était très positif. Lors de ce Sommet, le Secrétaire Général des Nations Unies, Antonio Gutierez a fait  référence aux 100 milliards de dollars par an attendus en 2020 en disant : «  n’oublions pas les 100 milliards de dollars attendus en 2020 ». Que représente pour vous cette affirmation ? Effectivement, il a évoqué le sujet à deux ou trois reprises. C’est un acte...

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One Planet Summit : South Africa willing to lead the climate finance mobilization with youth
Déc16

One Planet Summit : South Africa willing to lead the climate finance mobilization with youth

One Planet Summit : South Africa willing to lead the climate finance mobilization with youth   On the Sideline of the One Planet Summit which aimed to mobilize all kind of actors who want to follow the Paris Agreement, beside the willing of the United States of America to withdraw from the Paris Accord, , Phakamile Mainganya, chief Risk Officer of the Industrial Development Corporation, gave his view on the integration of the youth in the private sector related to the adaptation to climate change.   Established in 1940 and owned by the government of South Africa, Industrial Development Corporation is a national development finance institution aims to promote economic growth and industrial development. It aims to be the primary source of commercially sustainable industrial development and innovation to benefit both South Africa and the rest of Africa. IDC promote also entrepreneurship.   Who is Phakamile Mainganya? Phakhamile Mainganya is the Chief Risk officer at the Industrial Development Corporation. His responsabilities include helping to define set and manage the risk universe and profile of the corporation. He has extensive experience in the area of credit risk, risk assurance, and executive leadership particularly in the financial services environment.   Houmi Ahamed-Mikidach interviewed him....

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