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1.
Institutional investors have two important roles to play in encouraging companies to address the risks and take advantage of the opportunities presented by climate change. The first is through using their influence as shareholders to encourage companies to adopt more proactive approaches to managing the risks and opportunities presented by climate change. The second is through explicitly factoring climate change risks and opportunities into ‘mainstream’ investment analysis processes. While there is growing investor activity on the former, the integration of climate change into investment analysis remains confined to sectors where there are strong government incentives (e.g. for renewable energy) or where greenhouse gas emissions have a market price. This article reviews the evolution of UK institutional investor interest in climate change from 1990 to 2005, focusing in particular on the relative contributions of ‘soft’ policy measures such as information-disclosure and awareness raising, and ‘hard’ policy measures such as regulation and market-based instruments. The article concludes that, over this period, soft policy measures played an important role in encouraging investors to discuss climate change issues with companies, but had minimal influence on investment decisions. It was only with the introduction of hard policy measures that climate change started to be systematically factored into investment analysis. The article canvasses the implications of these findings for government efforts in the UK and elsewhere to encourage investors to play a more proactive role in the climate change debate. It also considers the role that institutional investors themselves can play in strengthening public policy measures to reduce greenhouse gas emissions. 相似文献
2.
Ellie Martus 《Climate Policy》2019,19(1):17-29
Globally, the metals and mining sector is a major contributor to GHG emissions. Climate change also poses significant challenges for the industry in a number of ways, including risks to infrastructure and equipment, transport routes and the cost of energy supplies. The sector is of particular importance to Russia, and yet very little is known about how the sector positions itself in relation to this key issue. This article conducts an in-depth look at the response of the Russian metals and mining sector to climate change. It looks at the key actors, their willingness to engage with the issue of climate change, preferred policy options and the strategies adopted to further their interests. The role of companies, prominent individuals and business associations is considered. The evidence suggests that, although there is widespread acceptance of climate change as a phenomenon, there is significant variation within the sector, with some companies proactive on climate policy, and others more reluctant. Different responses are attributed to reputational factors and the disproportionate influence of international and domestic policy developments on companies. Russian coal companies, directly threatened by any international attempts to reduce coal consumption, display the strongest opposition to efforts aimed at curbing emissions. The Russian government, far from thinking of transitioning to a low carbon future, is vigorously trying to expand the coal industry.
Key policy insights
Understanding how Russia’s domestic position on climate policy is formed is fundamental for understanding the factors driving its international engagement on climate policy.
The Russian government has no plans to phase out coal and is instead actively seeking to expand the coal industry. This highlights the obstacles to Russia’s commitment to climate policy at both the domestic and international levels.
The socio-economic consequences of climate policy for the Russian coal industry are a key consideration for the government, with some regions heavily dependent on the industry for employment and electricity generation.
3.
Unleakable carbon, or the uncombusted methane and carbon dioxide associated with fossil fuel systems, constitutes a potentially large and heretofore unrecognized factor in determining use of Earth’s remaining fossil fuel reserves. Advances in extraction technology have encouraged a shift to natural gas, but the advantage of fuel switching depends strongly on mitigating current levels of unleakable carbon, which can be substantial enough to offset any climate benefit relative to oil or coal. To illustrate the potential warming effect of methane emissions associated with utilizable portions of our remaining natural gas reserves, we use recent data published in peer-reviewed journals to roughly estimate the impact of these emissions. We demonstrate that unless unleakable carbon is curtailed, up to 59–81% of our global natural gas reserves must remain underground if we hope to limit warming to 2°C from 2010 to 2050. Successful climate change mitigation depends on improved quantification of current levels of unleakable carbon and a determination of acceptable levels of these emissions within the context of international climate change agreements.Policy relevanceIt is imperative that companies, investors, and world leaders considering capital expenditures and policies towards continued investment in natural gas fuels do so with a complete understanding of how dependent the ultimate climate benefits are upon increased regulation of unleakable carbon, the uncombusted carbon-based gases associated with fossil fuel systems, otherwise referred to as ‘fugitive’, ‘leaked’, ‘vented’, ‘flared’, or ‘unintended’ emissions. Continued focus on combustion emissions alone, or unburnable carbon, undermines the importance of assessing the full climate impacts of fossil fuels, leading many stakeholders to support near-term mitigation strategies that rely on fuel switching from coal and oil to cleaner burning natural gas. The current lack of transparent accounting of unleakable carbon represents a significant gap in the understanding of what portions of the Earth’s remaining global fossil fuel reserves can be utilized while still limiting global warming to 2°C. Successful climate change mitigation requires that stakeholders confront the issue of both unburnable and unleakable carbon when considering continued investment in and potential expansion of natural gas systems as part of a climate change solution. 相似文献
4.
A policy network analysis using a questionnaire survey was conducted to identify the main climate policy actors in South Korea and examine how they form alliances and come into conflict over four major issues. Generally, it was found that governmental organizations are the main actors in the South Korean climate policy arena and that they mediate between the business and civil sectors. In particular, key organizations in each sector play a leading role in the formation and maintenance of at least two distinct alliance networks: growth and environmental. In particular, the growth network has been stronger and more intense than the environmental network, with the exception of nuclear power policy. The crucial drivers of proactive policy discourse in South Korea have been scientific discourse and a consensus on the advent of anthropogenic climate change by the international scientific community, the international climate change negotiations and the pressure to commit to GHG emissions reduction, and low-carbon green growth strategy.Policy relevanceThe positions of South Korean governmental organizations (as well as other civil society organizations) on the four major issues of climate policy have not been aligned. The government has not acted as a unified body; instead it is an aggregated body composed of organizations with competing interests. If policy actors with different interests share the recognition of the state of the country within global society and understand international pressure as well as the urgency of combating climate change, then a common policy goal can be achieved. It is essential for the government to exert proactive leadership for climate policies in mediating the growth and environmental networks. It is important to boost environmental networks in order to overcome the alliance of growth networks. A more proactive response for combating climate change would establish open policy-making processes for environmental network actors and provide economic opportunities for climate actions. 相似文献
5.
The science of climate change is full of uncertainty, but the greater vulnerability of poor countries to the impacts of climate change is one aspect that is widely acknowledged. This paper adapts Dryzek's ‘components’ approach to discourse analysis to explore the media construction of climate change and development in UK ‘quality’ newspapers between 1997 and 2007. Eight discourses are identified from more than 150 articles, based on the entities recognised, assumptions about natural relationships, agents and their motives, rhetorical devices and normative judgements. They show a wide range of opinions regarding the impacts of climate change on development and the appropriate action to be taken. Discourses concerned with likely severe impacts have dominated coverage in the Guardian and the Independent since 1997, and in all four papers since 2006. Previously discourses proposing that climate change was a low development priority had formed the coverage in the Times and the Telegraph. The classification of different discourses allows an inductive, nuanced analysis of the factors influencing representation of climate change and development issues; an analysis which highlights the role of key events, individual actors, newspaper ideology and wider social and political factors. Overall the findings demonstrate media perceptions of a rising sense of an impending catastrophe for the developing world that is defenceless without the help of the West, perpetuating to an extent views of the poor as victims. 相似文献
6.
Assessments of the benefits of climate change mitigation—and thus of the appropriate stringency of greenhouse gas emissions abatement—depend upon ethical, legal, and political economic considerations. Global climate change mitigation is often represented as a repeated prisoners’ dilemma in which the net benefits of sustained global cooperation exceed the net benefits of uncooperative unilateral action for any given actor. Global cooperation can be motivated either by circumspection—a decision to account for the damages one’s own actions inflict upon others—or by the expectation of reciprocity from others. If the marginal global benefits of abatement are approximately constant in total abatement, the domestically optimal price approaches the global cooperative optimum linearly with increasing circumspection and reciprocity. Approximately constant marginal benefits are expected if climate damages are quadratic in temperature and if the airborne fraction of carbon emissions is constant. If, on the other hand, damages increase with temperature faster than quadratically or carbon sinks weaken significantly with increasing CO2 concentrations, marginal benefits will decline with abatement. In this case, the approach to the global optimum is concave and less than full circumspection and/or reciprocity can lead to optimal domestic abatement close to the global optimum. 相似文献
7.
The stakes for alleviating poverty and avoiding unbridled climate change are inextricably linked. Climate change impacts will slow down and may even reverse trends in poverty reduction. The pathways consistent with global warming of no more than 2?°C require strategies for poverty alleviation to make allowance for the constraint of low-carbon development. Existing climate funds have failed to target poverty alleviation as a high-priority strategy for adaptation or as a component of low-carbon development. This article proposes a funding window as part of the Green Climate Fund in order to foster synergies targeting greater satisfaction of basic needs, while making allowance for adaptation and mitigation. This financial mechanism is based on indicators of the satisfaction of basic needs and could respond to the claims of the developing countries, which see alleviating poverty as the first priority in climate negotiations. It defines a country continuum, given that there are poor people everywhere; all developing countries are therefore eligible with a mechanism of this sort.Policy relevanceThe Intergovernmental Panel on Climate Change (IPCC) calls for substantial emissions reductions and adaptation strategies over the next decades to reduce the high risks of severe impacts of climate change over the 21st century. Industrialized countries and developing countries alike recognize the need to mitigate climate change and to adapt to it. But they face many challenges that lead to an ‘emissions gap’ between an emissions level consistent with the 2?°C increase limit and the voluntary pledges that they have made thus far in the climate negotiations (United Nations Environment Programme. (2014). The Emissions Gap Report 2014. A UNEP synthesis report). In this arena, many developing countries underline that their first domestic priority is the satisfaction of basic needs. In the run-up to the next climate negotiations at the 21st Conference of the Parties (COP 21) in Paris, the proposed poverty-adaptation-mitigation funding window could contribute to alleviate the conflict between development and climate goals in developing countries. In this sense, it could spur developing countries to integrate more ambitious emissions limitations pledges into their Intended Nationally Determined Contributions. This could in turn entice industrialized countries to act similarly. In the end, it could pave the way to an ambitious climate agreement in Paris at COP 21. 相似文献
8.
Agriculture is responsible for the bulk of Ireland’s greenhouse gas (GHG) emissions. However, the potential to mitigate some of these emissions through the adoption of more efficient farm management practices may be hampered by farmers’ awareness and attitude towards climate change and agriculture’s role in contributing to GHG emissions. This paper presents results from a survey of 746 Irish farmers in 2014, with a view to understanding farmers’ awareness of, and attitudes to, climate change and GHG emissions. Survey results show that there was a general uncertainty towards a number of questions related to agricultural GHG emissions, e.g. if tilling of land causes GHG emissions, and that farmers were reluctant to take action to reduce GHG emissions on their farm. To further explore farmers’ attitudes towards climate change, a multinomial logit model was used to examine the socio-economic factors that affect farmers’ willingness to adopt an advisory tool that would show the potential reduction in GHG emissions from the adoption of new technologies. Results show that farmers’ awareness of human-induced global climate change was positively related to the tool’s adoption.
Key policy insights
Irish farmers are generally not sufficiently aware of the impact of their activities on climate change.
A quarter of farmers believed that climate change will only impact on their business in the long-term; such an attitude may lead to a reluctance amongst these farmers to adopt management practices that reduce GHG emissions.
Awareness of climate change affects positively the adoption of new tools to reduce GHG emissions on farmers’ farms.
IT literacy affects willingness to adopt new tools to address GHG emissions.
Reception of agri-environmental advice can have a positive influence on farmers’ willingness to adopt new GHG emission abatement tools.
Farmers in receipt of environmental subsidies are more likely to adopt new abatement tools, either because they are more environmentally conscious or because the subsidy raised their environmentally consciousness.
Willingness to adopt differs between different farm enterprises; operating dairy enterprise increases the willingness to adopt new advisory mitigation tools.
9.
10.
Australia's vulnerability to climate variability and change has been highlighted by the recent drought (i.e. the Big Dry or Millennium Drought), and also recent flooding across much of eastern Australia during 2011 and 2012. There is also the possibility that the frequency, intensity and duration of droughts may increase due to anthropogenic climate change, stressing the need for robust drought adaptation strategies. This study investigates the socio-economic impacts of drought, past and present drought adaptation measures, and the future adaptation strategies required to deal with projected impacts of climate change. The qualitative analysis presented records the actual experiences of drought and other climatic extremes and helps advance knowledge of how best to respond and adapt to such conditions, and how this might vary between different locations, sectors and communities. It was found that more effort is needed to address the changing environment and climate, by shifting from notions of ‘drought-as-crisis’ towards acknowledging the variable availability of water and that multi-year droughts should not be unexpected, and may even become more frequent. Action should also be taken to revalue the farming enterprise as critical to our environmental, economic and cultural well-being and there was also strong consensus that the value of water should be recognised in a more meaningful way (i.e. not just in economic terms). Finally, across the diverse stakeholders involved in the research, one point was consistently reiterated: that ‘it's not just drought’. Exacerbating the issues of climate impacts on water security and supply is the complexity of the agriculture industry, global economics (in particular global markets and the recent/ongoing global financial crisis), and demographic changes (decreasing and ageing populations) which are currently occurring across most rural communities. The social and economic issues facing rural communities are not just a product of drought or climate change – to understand them as such would underestimate the extent of the problems and inhibit the ability to coordinate the holistic, cross-agency approach needed for successful climate change adaptation in rural communities. 相似文献
11.
《Global Environmental Change》2007,17(1):59-72
Projections of future climate change are plagued with uncertainties, causing difficulties for planners taking decisions on adaptation measures. This paper presents an assessment framework that allows the identification of adaptation strategies that are robust (i.e. insensitive) to climate change uncertainties. The framework is applied to a case study of water resources management in the East of England, more specifically to the Anglian Water Services’ 25 year Water Resource Plan (WRP). The paper presents a local sensitivity analysis (a ‘one-at-a-time’ experiment) of the various elements of the modelling framework (e.g., emissions of greenhouse gases, climate sensitivity and global climate models) in order to determine whether or not a decision to adapt to climate change is sensitive to uncertainty in those elements.Water resources are found to be sensitive to uncertainties in regional climate response (from general circulation models and dynamical downscaling), in climate sensitivity and in climate impacts. Aerosol forcing and greenhouse gas emissions uncertainties are also important, whereas uncertainties from ocean mixing and the carbon cycle are not. Despite these large uncertainties, Anglian Water Services’ WRP remains robust to the climate change uncertainties sampled because of the adaptation options being considered (e.g. extension of water treatment works), because the climate model used for their planning (HadCM3) predicts drier conditions than other models, and because ‘one-at-a-time’ experiments do not sample the combination of different extremes in the uncertainty range of parameters. This research raises the question of how much certainty is required in climate change projections to justify investment in adaptation measures, and whether such certainty can be delivered. 相似文献
12.
Incorporating Catastrophes into Integrated Assessment: Science, Impacts, and Adaptation 总被引：1，自引：0，他引：1
Incorporating potential catastrophic consequences into integrated assessment models of climate change has been a top priority of policymakers and modelers alike. We review the current state of scientific understanding regarding three frequently mentioned geophysical catastrophes, with a view toward their implications for integrated assessment modeling. This review finds inadequacies in widespread model assumptions regarding the nature of catastrophes themselves and climate change impacts more generally. The possibility of greatly postponed consequences from near- and medium-term actions suggests that standard discounting practices are inappropriate for the analysis of climate catastrophe. Careful consideration of paleoclimate and geophysical modeling evidence regarding the possibility of changes in ocean circulation suggests a reframing of the source of climate change damages in economic models, placing changes in climate predictability, rather than gradual changes in mean values, at the focus of economic damage assessments. The implications of decreases in predictability for the modeling of adaptation are further discussed. 相似文献
13.
Uncertainty, scepticism and attitudes towards climate change: biased assimilation and attitude polarisation 总被引：1，自引：1，他引：0
‘Scepticism’ in public attitudes towards climate change is seen as a significant barrier to public engagement. In an experimental study, we measured participants’ scepticism about climate change before and after reading two newspaper editorials that made opposing claims about the reality and seriousness of climate change (designed to generate uncertainty). A well-established social psychological finding is that people with opposing attitudes often assimilate evidence in a way that is biased towards their existing attitudinal position, which may lead to attitude polarisation. We found that people who were less sceptical about climate change evaluated the convincingness and reliability of the editorials in a markedly different way to people who were more sceptical about climate change, demonstrating biased assimilation of the information. In both groups, attitudes towards climate change became significantly more sceptical after reading the editorials, but we observed no evidence of attitude polarisation—that is, the attitudes of these two groups did not diverge. The results are the first application of the well-established assimilation and polarisation paradigm to attitudes about climate change, with important implications for anticipating how uncertainty—in the form of conflicting information—may impact on public engagement with climate change. 相似文献
14.
《Global Environmental Change》2001,11(2):155-169
This paper explores Australia's domestic response to the issue of climate change, and charts the evolution of ‘no-regrets’ as the guiding principle for policy development. The concept of no-regrets encapsulates the ecologically modern idea that addressing environmental problems can bring economic, as well as social and environmental, benefits. It is argued that the degree of reconciliation between environmental and economic objectives achieved has been made possible through a progressive narrowing of the scales over which costs and benefits are weighed, and the exclusion of the non-material benefits of the environment. Tensions between addressing climate change and continuing business as usual, which are far from unique to Australia, remain and continue to limit effective reductions in greenhouse gas emissions. 相似文献
15.
Abstract Fossil fuel combustion is the largest source of anthropogenic greenhouse gas (GHG) emissions. As a result of combustion, essentially all of the fuel carbon is emitted to the atmosphere as carbon dioxide (CO2), along with small amounts of methane and, in some cases, nitrous oxide. It has been axiomatic that reducing anthropogenic GHG emissions requires reducing fossil-fuel use. However, that relationship may no longer be as highly coupled in the future. There is an emerging understanding that CO2 capture and storage (CCS) technology offers a way of using fossil fuels while reducing CO2 emissions by 85% or more. While CCS is not the ‘silver bullet’ that in and of itself will solve the climate change problem, it is a powerful addition to the portfolio of technologies that will be needed to address climate change. The goal of this Commentary is to describe CCS technology in simple terms: how it might be used, how it might fit into longer term mitigation strategies, and finally, the policy issues that its emergence creates. All of these topics are discussed in much greater detail in the recently published Intergovernmental Panel on Climate Change (IPCC) Special Report on Carbon Dioxide Capture and Storage (SRCCS) (IPCC, 2005). 相似文献
16.
In order to address the pressing challenge of climate change, countries are now submitting long-term climate strategies to the United Nations Framework Convention on Climate Change (UNFCCC) process. These strategies include within them potential future use of ‘negative emissions technologies’ (NETs). NETs are interventions that remove carbon from the atmosphere, ranging from large-scale terrestrial carbon sequestration in forests, wetlands and soils, to use of carbon capture and storage technologies. We assess here how NETs are discussed in 29 long-term climate strategies, in order to ascertain the risk that including the promise of future NETs may delay the taking of short-term mitigation actions. Our analysis shows that almost all countries plan to rely on NETs, particularly enhanced use of natural carbon sinks, even as a wide array of challenges and trade-offs in doing so are highlighted. Many strategies call for improved accounting systems and market incentives in realizing future NETs. While no strategy explicitly suggests that NETs can be a substitute for short-term mitigation, most estimate substantial potential for future use of NETs even in the face of acknowledged uncertainties. This, we suggest, may have the consequence of resulting in what we describe here as ‘a spiral of delay’ characterized by the promise of future NET options juxtaposed with the simultaneous uncertainty around these future options. Our analysis highlights that this inter-connected delaying dynamic may be intrinsic to what we term ‘governing-by-aspiration’ within global climate politics, wherein the voicing of lofty future ambition risks replacing current action and accountability. 相似文献
17.
Peter Newell 《Climate Policy》2013,13(1):135-139
Despite ongoing faith in their ability to deliver meaningful reductions in GHG emissions as the Durban climate summit approaches in December 2011 and as the end of the first commitment period of the Kyoto Protocol in 2012 looms large, carbon markets have been adversely affected by low prices that are failing to drive necessary investment in low-carbon technology and a series of scandals about their integrity. Some Clean Development Mechanism (CDM) projects have nevertheless delivered reductions in GHG emissions and sustainable development benefits. However, these benefits are too few, and strong incentives still remain in place to go for ‘low-hanging fruit’ opportunities that bring few additional environmental and developmental gains. Although governance reforms have a part to play in addressing these issues, these are not teething problems that can be easily weeded out with further institutional learning and innovation. They touch on the deeper politics of carbon markets and the role politics play in responses to climate change that have to be addressed. 相似文献
18.
The U.N. Framework Convention on Climate Change’s (UNFCCC’s) Paris Agreement—which aims to limit climate change and increase global resilience to its effects—was a breakthrough in climate diplomacy, committing its Parties to develop and update national climate plans. Yet the Parties to the Agreement have largely overlooked the effect of climate change on ocean-based communities, economies, and ecosystems—as well as the role that the ocean can play in mitigating and adapting to climate change. Because the ocean is an integral part of the climate system, stronger inclusion of ocean issues is critical to achieving the Agreement’s goals. Here we discuss four ocean-climate linkages that suggest specific responses by Parties to the Agreement connected to 1) accelerating climate ambition, including via sustainable ocean-based mitigation strategies; 2) focusing on CO2 emissions to address ocean acidification; 3) better understanding ocean-based mitigation; and 4) pursuing ocean-based adaptation. These linkages offer a more complete perspective on the reasons strong climate action is necessary and inform a systematic approach for addressing ocean issues under the Agreement to strengthen climate mitigation and adaptation. 相似文献
19.
Public support for carbon emissions mitigation is crucial to motivate action to address global issues like climate change and ocean acidification (OA). Yet in the public sphere, carbon emissions mitigation policies are typically discussed in the context of climate change and rarely in the context of OA or other global change outcomes. In this paper, we advance research on OA and climate change perceptions and communication, by (i) examining causal beliefs about ocean acidification, and (ii) measuring support for mitigation policies from individuals presented with one of five different policy frames (climate change, global warming, carbon pollution, air pollution, and ocean acidification). Knowledge about OA causes and consequences is more widespread than we anticipated, though still generally low. Somewhat surprisingly, an “air pollution” mitigation frame elicits the highest degree of policy support overall, while “carbon pollution” performs no better than “climate change” or “global warming.” Framing effects are in part contingent on prior knowledge and attitudes, and mediated by concern. Perhaps due to a lack of OA awareness, the OA frame generates the least support overall, although it seems to close the gap in support associated with political orientation: the OA frame increases support among those (few) conservatives who report having heard of OA before the survey. These findings complement previous work on climate change communication and suggest the need for further research into OA as an effective way to engage conservatives in carbon emissions mitigation policy. Potentially even more promising is the air pollution framing. 相似文献
20.
IPCC特别报告SRCCL关于气候变化与粮食安全的新认知与启示 总被引：3，自引：0，他引：3
气候变化对粮食安全的影响是广泛的,不但影响粮食产量和品质,还会影响到农户的生计以及农业相关的产业发展等;而粮食系统在保障粮食安全的同时,又会产生一系列的环境问题,其中农业源温室气体（GHG）的排放加剧全球变暖。IPCC在2019年8月份发布的《气候变化与土地特别报告》（SRCCL）,从粮食生产、加工、储存、运输及消费的各个环节评估气候变化对粮食安全的影响及粮食系统的温室气体排放对气候系统的影响;系统梳理粮食系统供给侧和需求侧的适应与减缓措施、适应与减缓的协同和权衡问题,以及气候变化条件下保障粮食安全的政策环境等。SRCCL评估结论认为,由于大量施用氮肥和消耗水资源,目前粮食系统GHG排放占全球总排放的21%~37%;农业和粮食系统是全球应对气候变化的重要方面,供给侧和需求侧的综合措施可以减少食物浪费、减少GHG排放、增加粮食系统的恢复力。未来工作的重点应丰富和扩展气候变化影响评估内容,量化适应效果,加深对适应、减缓及其协同和权衡的科学认知,大力加强应对气候变化能力建设。 相似文献