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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Reasons Why We Should Care About the Environment
Mai17

Reasons Why We Should Care About the Environment

    Reasons Why We Should Care About the Environment   The environment around us is an essential part of human survival. I like to believe that people who do not care about the environment, simply do not understand how important it is to all of us and that it does not affect them directly, these are my reasons you should be concerned about the environment. A Clean Environment Is Essential for Healthy Living: The more you don’t care about our environment, the more it will become polluted with contaminants and toxins that have a harmful impact on our health. Air pollution can cause respiratory diseases and cancer, among other problems and diseases. Water pollution can lead to typhoid, diarrheal diseases, and another one. The local authorities have to promote care the environment.   Earth Is Warming: For the sake of our children and our future, we must do more to combat climate change. Yes, it’s true that no single event makes a trend. Now it not possible to ignore that.   Your Great-Great & Great-Great-Great Grandchildren Will Appreciate It: But there must be the look ahead, there must be a realization of the fact that to waste, to destroy, our natural resources, to skin and exhaust the land instead of using it so as to increase its usefulness.   Biodiversity Is Important: Biodiversity refers to the variety of plants, animals, and other living things in our world. it can be negatively influenced by habitat loss and degradation due to human activity, climate change, and pollution, among other things. Earth Is Our Home: It’s where we live, so we better take care of it. For sure we could be better person if we help with small things for our home, this planet the only that we have now.   What Can We Do? The problems we are facing now are tough. However, the good news is that, you don’t have to be an expert or a millionaire to save the Planet – everyone can help to do their bit for the environment. In other words, if each of us can be more conscious of environmental issues and willing to take some simple steps to save the Planet, we can make a huge contribution. Nowadays, with increasing environmental awareness among the public, people around the world are coming together to fight for a greener future, and the effort has achieved great results. As a pioneering member of environmental advocacy community, Better World International is always committed to improve and take care of our surrounding environment, by providing practical tips to its members on the things they can do to live more...

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Africa: Practising sustainable development with youth
Juil30

Africa: Practising sustainable development with youth

Africa: Practising sustainable development with youth   The African youth wants to take advantage to the ongoing  sustainable development opportunities in the continent. Introduction.   By Houmi Ahamed-Mikidache 07-30-2017   Recently, the African youth elected the Interim Executive Board members of the Comprehensive Africa Agriculture Development Programme CAADP) Youth Network in Uganda. The Comprehensive Africa Agriculture Development Programme is an  African Union’s policy framework for agricultural transformation, food security and nutrition, economic growth launched in 2003.   The Comprehensive Africa Agriculture Development Programme youth network is a youth ( 18 to 35) platform for farmers, Agroentrepreneurs, Nutritionists, and Agricultural practitioners. Their Goal: Create one million jobs for youth in the Agriculture Value Chain by 2025 and supported Agroentrepreneurs by 2020. Their Focus Areas: Agribusiness, Food Security and Nutrition, Climate Smart Agriculture, Green and Blue Economy. The official launched of this youth network is expected to be held in Dakar ( Sénégal) in September 2017.   What has been done so far?   In October  2016, two African organizations,  the African Youth Initiative on Climate Change (AYICC) and  the Comprehensive Africa Agriculture Development Programme CAADP Youth Network supported the publication of a book which aims  to establish and promote at least 10,000 youth-led farms and agribusinesses across Africa by 2020. This publication named as “Youth Eco-Smart Projects” was developed by   Fresh & Young Brains Development Initiative. Fresh & Young Brains Development Initiative is a Nigerian youth Non Governmental Organization and the founder is a young Nigerian lawyer, Nkiruka Nnaemego. She is also an agroentrepreneur and development practitioner. Nkiruka and her colleagues from Africa (Ibraheem Ceesay from the Gambia, Mariam Allam from Egypt…) are engaging and  integrating  African youth in the implementation of the Nationally Determined Contributions (NDCs) and  Comprehensive Africa Agriculture Development Programme (CAADP) processes.   NDCs: “The heart of the Paris Agreement” Hakima El Haite   About the Youth Eco-Smart Projects book   The book has been launched during the United Nations Framework Convention on Climate Change (UNFCCC) Conference of Parties (COP22) in Morocco   November 10, 2016,  at the Youth Side Event on “ Integrating Youth in the Implementation of the Nationally Determined Contributions  (NDCs) across Africa. This event was indeed  organized by the African Youth Initiative on Climate Change ( AYICC), an African Union initiative launched in 2006 with the aim of mobilizing young people to have one voice on the issues of climate change. The book intends to promote selected youth-led ecologically smart projects and initiatives. It encourages African Governments and Partners to support the selected projects. It finally advocates for more financial support to ensure active youth engagement in sustainable agriculture.   Some Excepts from the...

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Tabi Joda-Column: ” It is  time to reverse the trends!”
Juil30

Tabi Joda-Column: ” It is time to reverse the trends!”

Tabi Joda-Column: ” It is  time to reverse the trends!” In Nigeria, Ghana and Cameroon alone, 50 metric tons of plastic fragments food packages, straws and table water bottles and empty sachet water bags are drained into the Atlantic Ocean every day. But it is time to reverse the trends.  It is everyone’s responsibility not only governments to protect the planet.     Over the last ten years the amount of plastic bags produced and used worldwide surpass the amount produced and used during the whole of the 20th century. Regrettably, 50% of the plastic we use, we just use them once and throw away. If we can place in a heap the amount of plastic bags we throw away into the environment each year, it will stretch from earth to the moon and back twenty five times. Globally, more than one million plastic bags are used every minute and an average individual throws away approximately 185 kg of plastic waste per year. An average household dumps about 900kg of plastic waste in a year. Similarly, an approximate 500 billion plastic bags are used and 135 billion plastic water bottles are thrown away every year. Plastic waste accounts for around 10 percent of the total waste generated in households worldwide.   The disaster Risk!     Every piece of plastic in the ocean breaks down into segments such that pieces from a single liter of plastic bottle could end up on every beach throughout the world. Similarly, almost every farmland is partially covered by plastic. Apart from the harmful effects of plastic bags on animals, plants and aquatic life, the toxic chemical from plastic waste are harmful to the human body when absorbed. A study has shown that apart from Americans who have up to 93% of people tested positive for BPA (a plastic chemical), level of effect are even higher in other parts of the world especially Africa where recycling and waste management policies and orientations are low or even absent in most places. Other studies have shown that some of these compounds found in plastic have been known to alter human hormones or have other potential risk on human health.   Alongside the hazardous risks on human health, over one million sea birds and over 100,000 marine mammals are reportedly killed annually from toxins originating from plastic waste in our oceans. 44% of seabird species, 22% of cetaceans, 32% of sea turtle species and a growing list of fish species, crabs and prawns are killed by plastics or have their habitat altered by plastic in or around their bodies. Plastics also degrade soil quality leading to low crop productivity and consequently poverty,...

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COP 23- G20 committed to climate finance- Report
Juil18

COP 23- G20 committed to climate finance- Report

COP 23- G20 committed to climate finance- UNEP Report A new UN Environment research released recently explained that the G20 and other nations have taken huge strides over the last year towards mobilizing the trillions of dollars of public and private capital needed to make sustainable development and climate action a reality. Explanations. By Houmi Ahamed-Mikidache 18-07-2017   A new UN Environment research released recently explained that the G20 and other nations have taken huge strides over the last year towards mobilizing the trillions of dollars of public and private capital needed to make sustainable development and climate action a reality. “The world has committed to creating a better future for people and planet. But we will not be able to achieve our sustainable vision without the global financial system using its capital to fuel the transformation,” said Erik Solheim, head of UN Environment.   The investment required to bring sustainable development in developing countries was short US$2.5 trillion each year, with as much as ten times that needed globally in the years to come – mainly from private sources, UN Conference on Trade and Development research from 2015 showed, explained the study. The UN Environment Inquiry into the Design of a Sustainable Financial System’s Green Finance Progress Report – a contribution to the G20’s Green Finance Study Group (GFSG) – finds dozens of encouraging policies and financial product developments that show the public and private sectors are committed to find solutions, recalled the experts of the report. “This new research from UN Environment, a contribution to the G20 Green Finance Study Group, shows encouraging progress in this regard. From a record number of new green finance measures to ambitious plans for green finance hubs, we are seeing the smart money move to green financing, ” said Mr Solheim. Highlights from the report Based on the G20 Green Finance Synthesis Report, adopted at the G20 Leaders’ Summit in Hangzhou in September 2016, leaders are committed to accelerate and set out seven options identified to  mobilize  green finance. Over the last year, considerable progress has been made against these seven options by all G20 members, and the international community, in increasingly systemic national action, greater international cooperation, and increased market leadership, according to the research. More measures related to green finance have been introduced since June 2016 compared with any other one-year period since 2000. The trends and measures have resulted in increased flows of green finance, most notably in the issuance of green bonds, which grew by around 100 per cent to US$81 billion in 2016. Examples of specific country action include: ·         India: The Securities and Exchange Board of India (SEBI) issued disclosure...

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