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61. Climate Change Disclosure of the Financial Sector

Author:
Zachary Folger-Laronde and Olaf Weber
Publication Date:
09-2018
Content Type:
Working Paper
Institution:
Centre for International Governance Innovation
Abstract:
As the impacts of climate change continue to grow in severity, focus has turned toward the climate change implications associated with the products and services of the financial sector. It is estimated that the indirect carbon emissions, which are caused in the financial sector by borrowers, investees and financed projects, are 50 to 200 times larger than the direct impacts of the financial sector. It is evident that a decarbonization strategy is needed for more than the fossil fuel industry and will require significant changes to most economic sectors. This added focus toward the financial sector has led to demands for enhanced disclosure of climate change information with regard to financed clients and projects. However, there remains limited guidance in how the financial sector should disclose its carbon performance to its shareholders and stakeholders. This paper reviews the highlights from an empirical study that investigated the types of carbon performance voluntarily disclosed by banks and the type of carbon impact emissions disclosed. Policy recommendations are made that aim to facilitate and standardize disclosures.
Topic:
Climate Change, Finance, Fossil Fuels, and Carbon Emissions
Political Geography:
Global Focus

62. The Content of a WTO Climate Waiver

Author:
James Bacchus
Publication Date:
12-2018
Content Type:
Working Paper
Institution:
Centre for International Governance Innovation
Abstract:
Neither the trade regime nor the climate regime has so far displayed any willingness to confront the coming clash between climate ambitions and trade rules. To minimize the economic and political risks of such a collision, the members of the World Trade Organization (WTO) should adopt a WTO climate waiver. To further carbon pricing and to facilitate the necessary green transition in the global economy, the core of a WTO climate waiver should be a waiver from the applicable trade rules for national measures that: discriminate on the basis of carbon and other greenhouse gases used or emitted in making a product; fit the definition of a climate response measure as defined by the United Nations Framework Convention on Climate Change; and do not discriminate in a manner that constitutes a means of arbitrary or unjustifiable discrimination or a disguised restriction on international trade. A WTO climate waiver should also include support for trade restrictions by carbon markets and climate clubs, trade disciplines on fossil fuel subsidies, and green subsidies that support innovative outcomes rather than particular technologies. Along with a climate waiver, WTO members should also confirm that carbon taxes qualify as border tax adjustments under trade rules. The adoption of a WTO climate waiver is a central and critical part of the overall reimagining of international trade law that is needed to fulfill the stated WTO goal of engaging in trade and other economic endeavours consistently with the objectives of sustainable development.
Topic:
Climate Change, International Trade and Finance, World Trade Organization, and Green Technology
Political Geography:
Global Focus

63. Participation of Non-party Stakeholders under the UNFCCC: Options for Future Engagement

Author:
Freedom-Kai Phillips
Publication Date:
12-2018
Content Type:
Working Paper
Institution:
Centre for International Governance Innovation
Abstract:
Participation of “non-party stakeholders” in the work of the United Nations Framework Convention on Climate Change (UNFCCC) was affirmed in the decision adopting the Paris Agreement and flagged in the preamble of the agreement itself. This paper discusses the current approaches to stakeholder participation under the UNFCCC and explains concerns regarding the existing model.
Topic:
Climate Change, United Nations, and Green Technology
Political Geography:
Global Focus

64. The Impact of Laudato Si’ on the Paris Climate Agreement

Author:
Irene Burke
Publication Date:
08-2018
Content Type:
Working Paper
Institution:
Liechtenstein Institute on Self-Determination, Princeton University
Abstract:
Pope Francis addresses the intersecting concerns of environmental responsibility and authentic human development in the June 2015 papal encyclical Laudato Si’: On Care for Our Common Home. Pope Francis extends Catholic environmental ethics to advocate for those at the margins of social consciousness who are most vulnerable to rapid environmental changes—the global poor and future generations. Pope Francis’ active collaboration with leading experts in climate science and development economics and his perspective as the first non-European Pope strengthens his contributions to ethical discourse on inter- and intra-generational justice, the preferential option for the poor, carbon mitigation policies, and common but differentiated responsibilities in international climate negotiations. His advocacy efforts in 2015 anticipated critical convocations of world leaders, including the UN General Assembly’s ratification of the Sustainable Development Goals in September 2015 and the UN Climate Change Conference in Paris in December 2015, culminating in a unanimous decision among 195 governments to adopt the Paris Agreement. Pope Francis’ contribution to discourse on international climate policies and sustainable development objectives inspired political cooperation leading up to pivotal international agreements.
Topic:
Climate Change, Environment, Religion, and United Nations
Political Geography:
Global Focus

65. Threat Multiplier: The Growing Security Implications of Climate Change: A Conversation with Sherri Goodman

Author:
Sherri Goodman and Eli Stiefel
Publication Date:
07-2018
Content Type:
Journal Article
Journal:
Fletcher Security Review
Institution:
The Fletcher School, Tufts University
Abstract:
Sherri Goodman is an experienced leader and senior executive, lawyer and director in the fields of national security, energy, science, oceans and environment. She is a Senior Fellow at the Woodrow Wilson International Center and CNA (Center for Naval Analyses), and a Senior Advisor for International Security at the Center for Climate and Security. At CNA, Goodman also served as Senior Vice President and General Counsel and was the founder and Executive Director of the CNA Military Advisory Board, whose landmark reports include National Security and the Threat of Climate Change (2007), and National Security and the Accelerating Risks of Climate Change (2014), Advanced Energy and US National Security (2017), and The Role of Water Stress in Instability and Conflict (2017), among others. Previously, she served as the President and CEO of the Consortium for Ocean Leadership. From 1993-2001, Goodman served as the first Deputy Undersecretary of Defense (Environmental Security).
Topic:
Security, Climate Change, Energy Policy, Environment, and Geopolitics
Political Geography:
Global Focus and United States of America

66. From Energy to Climate Security: The EU’s Evolving Views

Author:
Ellen Scholl
Publication Date:
07-2018
Content Type:
Journal Article
Journal:
Fletcher Security Review
Institution:
The Fletcher School, Tufts University
Abstract:
The European Union (EU) has increasingly interconnected energy and climate policy, with the formulation of the Energy Union as one notable — if yet incomplete — step in this direction. In addition to the linkages between energy policy and efforts to reduce greenhouse gas emissions to meet climate goals under the Paris Agreement, the EU has been increasingly vocal about the link between climate and security, and under- taken (at least rhetorical) efforts to incorporate climate security concerns into broader externally focused policy areas. ​ This shift toward a focus on climate security, however, raises questions of how energy security and climate security relate, the impact of the former on the latter, and how the Energy Union fits into this shift, as well as how the EU characterizes climate risk and how this relates to geopolitical risks in its broader neighborhood. It also begs the question of how to go beyond identifying and conceptualizing the security risks posed by climate change to addressing them. ​ This paper charts changes in the EU’s energy and climate security discourse, focusing on their intersection in the Energy Union and the EU’s promotion of the energy transition to lower carbon forms of energy, and the relevant risks in the European neighborhood. The paper concludes that while the EU has evolved to include climate priorities and climate risks into foreign and security policy thinking, the complicated relation- ship between climate change and security complicates efforts to operationalize this in the EU, in relations with the broader European neighborhood, and beyond...
Topic:
Security, Climate Change, Energy Policy, and Regional Cooperation
Political Geography:
Europe, Global Focus, and European Union

67. Economic and Energy Aspirations of the Middle East

Author:
Carole Nakhle
Publication Date:
07-2018
Content Type:
Journal Article
Journal:
Fletcher Security Review
Institution:
The Fletcher School, Tufts University
Abstract:
The Middle East has several features that distinguish it from the rest of the world. Apart from sitting on the largest proven oil and gas reserves, the region is famous for its complicated politics, challenging demographics and fragile economic structures. ​ For oil- and gas-rich states, limited economic diversification is acute; this is where we find government dependence on hydrocarbon revenues reaching as high as 95 percent in countries like Iraq. This is also where we find a poorly diversified primary energy mix, which is heavily reliant on oil and gas, in a sharp contrast to the norm elsewhere where local energy needs are met by diverse sources of energy, mainly oil, gas, coal, nuclear, and renewable energy. ​ The lack of diversification – both in terms of the economy and energy mix – brings serious challenges for the region. The economic performance of the oil- and gas-rich states has simply mimicked the volatile and unpredictable movement in oil prices: when oil prices are high, these economies grow rapidly, but when oil prices go in the other direction, they shrink in tandem. Additionally, the dependence on oil and gas to meet local energy needs has caused two problems: first, the trade-off between the more lucrative exports and the highly subsidized domestic market, and second, the higher carbon footprint because of the absence of greener sources of energy. ​ In a world where international competition for global market share in oil and gas and the fight against climate change intensify, the region’s leaders seem to be increasingly convinced that the old model of governance is simply not sustainable...
Topic:
Climate Change, Energy Policy, International Trade and Finance, Oil, Governance, and Economy
Political Geography:
Middle East, Global Focus, and Gulf Nations

68. Human Trafficking and Climate Change: Understanding the Disastrous Relationship

Author:
Alice C. Hill
Publication Date:
07-2018
Content Type:
Journal Article
Journal:
Fletcher Security Review
Institution:
The Fletcher School, Tufts University
Abstract:
Human trafficking is a horrendous crime: it degrades human security and undermines the rights of people around the globe. Although the exact number of victims worldwide remains elusive, the extent of human trafficking stands to increase in coming years for several reasons, including the accelerating rate of climate change. A warming world will almost certainly bring more disasters that result in greater displacement of people from their homes and livelihoods. This, in turn, puts them at greater risk of trafficking. Human trafficking is a highly lucrative crime, with few perpetrators successfully prosecuted and transnational criminal and terrorist groups repeatedly using it as a source of revenue. These factors, in combination with worsening climate change impacts will, in all likelihood, yield ever more human trafficking victims. ​ At its core, human trafficking involves forcing another against his or her will to work, perform sex acts, or succumb to debt bondage. Despite its name, the crime does not necessarily involve movement: the key element is coercion. Over 170 nations have signaled their opposition to human trafficking by joining the United Nations Protocol to Prevent, Suppress and Punish Trafficking in Persons, Especially Women and Children, and virtually all countries have registered official opposition to trafficking in humans. Despite these pronouncements, human trafficking occurs with staggering frequency. While precise estimates of the number of persons trafficked are difficult to obtain, the U.S. Department of State speculated in its 2017 Trafficking in Persons Report that there may be “tens of millions” of victims worldwide.[1] Other international organizations “estimate that about 25 million people are victims” of human trafficking in the world.[2] In all likelihood, those numbers will grow due in part to the increasing effects of climate change...
Topic:
Security, Climate Change, Crime, and Human Trafficking
Political Geography:
Global Focus and United States of America

69. Climate Change and the Health of Nations: Famines, Fevers, and the Fate of Populations by Anthony McMichael

Author:
Anthony McMichael and Easwaran Narassimhan
Publication Date:
07-2018
Content Type:
Journal Article
Journal:
Fletcher Security Review
Institution:
The Fletcher School, Tufts University
Abstract:
Projecting the precise outcomes of climate change on the health and economic well-being of humans is integral to conceiving a coherent climate policy, yet forecasts are often associated with uncertainty. Given the complex nature of the problem: as Anthony McMichael points out in his book – Climate Change and the Health of Nations – famines, fevers, and the fate of populations “the Earth system’s behavior is less amenable to exact description and measurement, and behavior under future unfamiliar conditions cannot be confidently estimated.” As countries work hard to meet their commitments under the Paris Agreement, this unpredictability has become a reason for a dead- lock among nations who are finding it challenging to negotiate the finer, disputable aspects of the Agreement. The issue of “loss and damage” compensation to the more vulnerable regions of the world in particular, has become a bone of contention. It is in this context that McMichael’s book is unique. Instead of being focused on the clichéd discussions surrounding the science and politics of climate change, it provides an account of how humans have evolved, survived, and struggled in an ever changing global climate. In doing so, he views climate change through a historical lens. The book begins by exploring how the ever-so-restless global climate has played a pivotal role in shaping many historical events and the fate of various life forms on the planet. McMichael explains how extreme climate conditions have been responsible for most of the natural extinctions and catastrophic transitions since the Cambrian explosion of new life forms around 540 million years ago. In separate chapters, he throws light on how changing climate conditions have coincided with the rise and fall of human civilizations: from the European Bronze Age to the fall of Rome, the Mayans, and the Anasazi to the little Ice-Age that gripped Europe and China. Throughout the book, McMichael emphasizes how temperature anomalies have proven to be a bane for food supply, human health, and economic well-be- ing, and how they have resulted in the evolution of various infectious agents and vectors. The intriguing nature of changing temperature becomes evident as one is exposed to the many natural extinctions that have been followed by either a rapid cooling or a rapid warming period. McMichael also attempts to associate such naturally occurring warming and cooling with the evolution of some human species and de-evolution of others over time. He quotes John Hooker in saying that “every modification of climate, every disturbance of soil, every interference with the existing vegetation of an area, favors some species at the expense of others.”...
Topic:
Climate Change, Demographics, Health, and History
Political Geography:
Global Focus

70. Contemporary Questions on Eco-Terrorism: A Conversation with Dr. Michael Loadenthal

Author:
Michael Loadenthal and Fletcher Security Review Staff
Publication Date:
07-2018
Content Type:
Journal Article
Journal:
Fletcher Security Review
Institution:
The Fletcher School, Tufts University
Abstract:
Dr. Michael Loadenthal, a Visiting Assistant Professor in the Department of Sociology & Social Justice Studies at Miami University of Oxford, discussed with FSR his extensive work on eco-terrorism. His research looks to provide nuance to the way eco-terrorism has been studied and written about, and how it is understood by government entities. He uses this perspective to assess the threat, or lack of threat, eco-terrorism poses today.
Topic:
Climate Change, Environment, Non State Actors, Social Movement, and Eco-terrorism
Political Geography:
Global Focus and United States of America