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42. Creating an Enabling Environment for Sustainable Water Infrastructure Financing
- Author:
- Conor M. Savoy and Janina Staguhn
- Publication Date:
- 05-2022
- Content Type:
- Commentary and Analysis
- Institution:
- Center for Strategic and International Studies (CSIS)
- Abstract:
- Water presents a significant global development challenge as crises over resources and access to clean water are becoming more extreme due to climate change. To reach the most disadvantaged communities in rural areas, adequate infrastructure is going to be integral. It is estimated that water infrastructure will require an additional $22.5 trillion by 2050, and to achieve Sustainable Development Goal (SDG) 6, financing would need to triple to $114 billion per year. As with other forms of infrastructure, water requires more than simply building reservoirs, pipes, and holding tanks. For true sustainable infrastructure, donors and local governments should also invest in support to maintain infrastructure and create a regulatory environment that enables continued improvement. To successfully finance water infrastructure, there must be an understanding of what the current financing landscape looks like and how the United States, its Group of Seven (G7) allies, and multilateral partners should prioritize financing, especially on a local level.
- Topic:
- Environment, International Cooperation, Water, Infrastructure, and Sustainability
- Political Geography:
- North America, Global Focus, and United States of America
43. Shift to renewable energy could be a mixed blessing for mineral exporters
- Author:
- Cullen S. Hendrix
- Publication Date:
- 01-2022
- Content Type:
- Policy Brief
- Institution:
- Peterson Institute for International Economics (PIIE)
- Abstract:
- The world’s transition to sustainable energy systems has suddenly become a boon to countries rich in critical minerals used in clean energy technologies like rechargeable batteries, solar panels, wind turbines, and electric vehicles. Among these critical minerals are aluminum, coltan, copper, aluminum, zinc, tin, rare earths, lithium, tantalum, and cobalt. Given that these minerals are key to building sustainable energy systems, vital for ensuring military might, and often extremely valuable, will countries with large, exportable endowments of these minerals fall prey to the resource curse? Hendrix says these countries may find their newfound wealth to be a mixed blessing. The size of the markets for these resources and their marginal production costs suggest that they do not have the potential to generate massive rents the way that oil and gas production have. Given that these rents are the source of many ills—authoritarianism, reduced investment in human capital, poor human rights records—this is good news. But because several of these minerals can be mined artisanally, they may lead to governance challenges related to armed conflict. Their status as strategic resources will invite major power meddling and interventions—but only if mineral-rich economies are forced to align themselves and access to their resources with a major power, like the United States or China. The 20th century’s scramble to secure oil resources led to cursed dynamics in oil-rich societies, but historical precedent is not destiny. Mineral-rich countries may avoid the resource curse, especially if they develop diverse investment and trading relationships to balance major power interests in their mineral wealth and embrace industry- and civil society–led good governance initiatives around mineral resources.
- Topic:
- Economy, Exports, Renewable Energy, Sustainability, and Minerals
- Political Geography:
- Global Focus
44. Putting Development at the Centre of G20 Policy Agenda: Lessons for the T20
- Author:
- Daniele Fattibene and Alice Fill
- Publication Date:
- 03-2022
- Content Type:
- Working Paper
- Institution:
- Istituto Affari Internazionali
- Abstract:
- The G20 Development Working Group has gradually evolved throughout the years, following a haphazard and contradictory path. On the one hand, it has been progressively overshadowed by a sectoralisation of G20 activities, with several action tracks (i.e., the Finance Track) taking a more prominent role in the definition of the leaders’ priorities. On the other hand, its (unexploited) potential has increased due to the emergence of several global crises that have shown the importance of rekindling multilateral solutions at the G20 level. The T20 has a strong potential to boost G20 legitimacy on development cooperation worldwide, by drafting evidence-based and pragmatic policy proposals for the decision-makers. However, although often advocating for similar solutions, the Development Working Group and T20 have not necessarily fed into each other’s policy agendas, leading to misalignment and reducing their chances to influence other G20 tracks on crucial development issues such as development finance, food security or the global climate agenda.
- Topic:
- Development, Political Economy, Governance, G20, and Sustainability
- Political Geography:
- Global Focus
45. From Passive Owners to Planet Savers? Asset Managers, Carbon Majors and the Limits of Sustainable Finance
- Author:
- Joseph Baines and Sandy Brian Hager
- Publication Date:
- 02-2022
- Content Type:
- Working Paper
- Institution:
- City Political Economy Research Centre (CITYPERC), University of London
- Abstract:
- This article examines the role of the Big Three asset management firms — BlackRock, Vanguard and State Street — in corporate environmental governance. Specifically, it charts the Big Three’s relationships with the public–owned Carbon Majors: a small group of fossil fuels, cement and mining companies responsible for the bulk of industrial greenhouse gas emissions. It finds that the Big Three much more often than not oppose rather than support shareholder resolutions aimed at improving environmental governance. Notably, this is even the case with the Big Three’s environmental, social and governance funds. A more fine–gained analysis shows that the combined voting decisions of the Big Three are more likely to lead to the failure than to the success of environmental resolutions and that, whether they succeed or fail, these resolutions tend to be narrow in scope and piecemeal in nature. Based on these findings, the article raises serious doubts about the Big Three’s credentials as environmental stewards.
- Topic:
- Environment, Finance, Fossil Fuels, Sustainability, and Corporate Governance
- Political Geography:
- Global Focus
46. Is Critique Still Possible in International Relations Theory? A Critical Engagement with IR’s Vocation
- Author:
- Natália Maria Félix de Souza
- Publication Date:
- 04-2022
- Content Type:
- Journal Article
- Journal:
- Contexto Internacional
- Institution:
- Institute of International Relations, Pontifical Catholic University of Rio de Janeiro
- Abstract:
- The article offers a critique of recent efforts to read international relations theory – and its theorists – as especially positioned to offer a critique of international politics. It does so by engaging Daniel Levine’s claim that international relations theory has a special vocation for critique which is unparalleled by other disciplines. By problematizing Levine’s political, ethical and epistemological approach to sustainable critique, I argue that international relations theory has been particularly engaged with a politics of crisis that centers Western modes of subjectivity as the only frame of reference for thinking about politics and history. As a consequence, Western international relations theory has become both inadequate and dispensable for many critical theorists of international politics in much of the world, even when it comes to its most critical approaches. By way of conclusion, I offer an approach to critical international relations theory that starts from the politics of colonialism, instead of crisis.
- Topic:
- International Relations, International Relations Theory, Decolonization, Sustainability, and Eurocentrism
- Political Geography:
- Global Focus
47. International Political Economy and Sustainable Finance: Assessing the EU’s Green Deal and UNCTAD’s Green New Deal
- Author:
- Johannes Jager
- Publication Date:
- 04-2022
- Content Type:
- Journal Article
- Journal:
- Contexto Internacional
- Institution:
- Institute of International Relations, Pontifical Catholic University of Rio de Janeiro
- Abstract:
- Sustainable green finance is often promoted as an innovative tool to deal with environmental problems. This paper assesses policy proposals at the level of the EU and UNCTAD’s Green New Deal, specifically regarding its suggestions in the field of sustainable finance. It provides a theoretical framework in the tradition of critical political economy and combines a global perspective with regulation theory in order to assess different strategies in the area of sustainable finance. The respective proposals and initiatives can be considered as possible blueprints for hegemonic strategies within different contexts. However, the analysis suggests both proposals, although substantially different and representing different entities in the international political economy, fail to provide a systematic answer to the problems of a highly unequal over-use of natural and environmental resources at a global level.
- Topic:
- Political Economy, Finance, Green Technology, and Sustainability
- Political Geography:
- Global Focus
48. Introducción a “Recursos desiguales: retos de la seguridad en la encrucijada de la sostenibilidad”
- Author:
- Rosa Ana Alija Fernández
- Publication Date:
- 12-2022
- Content Type:
- Journal Article
- Journal:
- Journal on International Security Studies (RESI)
- Institution:
- International Security Studies Group (GESI) at the University of Granada
- Abstract:
- En lo que va de década,el mundo está asistiendo a una sucesión vertiginosa de amenazas a la seguridad: desde la agresión de Rusia a Ucrania, que ha reavivado tensiones militares entre potencias que parecen evocarla Guerra Fría–con amenaza nuclearincluida–,hasta la pandemia de la COVID-19, la carestía de alimentos, la escasez de energía, o los efectos de la aceleración del cambio climático yla degradación medioambiental. Calificar este último bloque de “nuevas amenazas” sería despreciar la realidad de buena parte de la población mundial, que lleva décadas experimentándolas, y que ya fueron señaladascomo amenazas a la paz y la seguridad por Kofi Annan en su informe Un concepto más amplio de la libertad(SGNU, 2005: párr. 78). Lo que resulta realmente novedoso es que ahora están impactando de lleno en los países desarrollados, que ya no pueden limitarse a tratar de repeler los efectos de estosfenómenos en otros puntos del planetacomo parte de su agenda de seguridadnacional(Wilkin, 2002: 634, 641).Por el contrario, empiezan a constatar que la rápida expansión desde los años 90 del modelo económico neoliberal en un planeta que dispone de recursos limitados está generando ya riesgos a supropia seguridad nacional, además de a la seguridad internacional.Así, poco ha tardado en comenzar a materializarsela previsión realizada porPaul Rogers,quienha señalado que en las dos próximas décadas habrá tres factores predominantes de inseguridad global: i) una turbulenta economía mundial basada en un sistema neoliberal fallido que está incrementando las brechas socioeconómicas, ii) los límites medioambientales a la actividad humana, y iii) el arraigo de una cultura de la seguridad centrada en el uso de fuerza militar como respuesta a las amenazas, incapaz de asegurar la paz y la estabilidad en un mundo socioeconómicamente dividido y medioambientalmente constreñido (Rogers,2019: 139).
- Topic:
- Security, Natural Resources, Inequality, and Sustainability
- Political Geography:
- Global Focus
49. COVID-19's Impact on the Environment and Sustainability The Triple-R (Response, Recovery, Redesign) Proposal
- Author:
- Hideyuki Mori
- Publication Date:
- 05-2021
- Content Type:
- Research Paper
- Institution:
- Japan Institute Of International Affairs (JIIA)
- Abstract:
- Broadly speaking, the COVID-19 crisis has been sparked by a combination of two factors. The first is the threat of zoonoses faced in common by humans and other vertebrate animals, and once again it has become clear that the capture and sale of wild animals can produce crises such as this. The second factor is the overall acceleration in the movement of people and goods across national borders that is characteristic of globalization. The first factor enabled transmission of the COVID-19 virus from animals to humans, while the second caused these infections to spread worldwide to a pandemic level.
- Topic:
- Environment, Sustainability, COVID-19, and Air Pollution
- Political Geography:
- Global Focus
50. Can adjustment costs in research derail the transition to green growth?
- Author:
- Laura Nowzohour
- Publication Date:
- 05-2021
- Content Type:
- Research Paper
- Institution:
- Centre for International Environmental Studies, The Graduate Institute (IHEID)
- Abstract:
- Adjustment costs are a central bottleneck of the real-world economic transition essential for achieving the sizeable reduction of greenhouse gas (GHG) emissions set out by policy makers. Could these costs derail the transition process to green growth, and if so, how should policy makers take this into account? I study this issue using the model of directed technical change in Acemoglu, Aghion, Bursztyn, and Hemous (2012), AABH, augmented by a friction on the choice of scientists developing better technologies. My results show that such frictions, even minor, materially affect the outcome. In particular, the risk of reaching an environmental disaster is higher than in the baseline AABH model. Fortunately, policy can address the problem. Specifically, a higher carbon tax ensures a disaster-free transition. In this case, the re-allocation of research activity to the clean sector happens over a longer but more realistic time horizon, namely around 15 instead of 5 years. An important policy implication is that optimal policies do not act over a substantially longer time horizon but must be more aggressive today in order to be effective. In turn, this implies that what may appear as a policy failure in the short-run | a slow transition albeit aggressive policy | actually re ects the efficient policy response to existing frictions in the economy. Furthermore, the risk of getting environmental policy wrong is highly asymmetric and `robust policy' implies erring on the side of stringency.
- Topic:
- Climate Change, Economics, Environment, Economic Growth, Green Technology, Economic Policy, Renewable Energy, and Sustainability
- Political Geography:
- Global Focus