Tag Archives: sustainable development

EU on the RIO+20 summit

The first Earth Summit took place twenty years ago in Rio. The global community created this summit because they wanted a more equitable and sustainable model for the course of human development. These days, sustainable progress has been made and the world has changed a lot. The RIO+20 summit will have different challenges than last year. They need to think about the changing global landscape, the international economic crisis, rising population levels, global resources and the still unacceptable level of poverty in the world. So there is a great responsibility on the community of state to make new strategies on this RIO+2O summit  and search for more inclusiveness and sustainability.

The irresponsible behavior of the financial sector, lax regulatory oversight and deep-seated imbalances were the causes of today’s economic crisis. These deep-seated imbalances need to be corrected if we want a more sustainable growth for the world. And  it’s not just the global economic imbalances but also the imbalances in the ecological footprints. And although, in the 20th century, the quality of life rose very much, this came at the price of unsustainable use of scarce global resources like fuel, metals, minerals, timber, water and ecosystems.

A Challenge in the world of today is to work together, especially when you realize that by 2050, the world population will have reached 9 billion. If we don’t work together and think about how to best use our precious resources, we will need two planets to sustain us. It’s up to the RIO Summit to take the discussions about stable economies and increased growth, discussed at the G20 Summit in Mexico, and include an inclusive and sustainable path to reach these goals.

The EU really wants a concrete Rio agenda so they can discuss all their goals and targets for key areas that underpin a green economy. They want to talk about water, the oceans, land, ecosystems, forests, sustainable energy and resource efficiency. And the goals they have are all linked to sustainable growth, poverty, social development, food security and nutrition. But the EU won’t be able to make their case at Rio if they don’t get the support, engagement and mobilization of both the public and private sector. So it’s up to RIO+20 to strengthen engagement of the private and civil sector, because these are the real engines behind our economies in sustainable development.

The  Millennium Development Goals make that the EU remains committed to achieve their goals. And they are also ready to engage in a discussion on Sustainable Development Goals suggested by some G77 countries. An example of their commitment to global sustainability is the EU Sustainable Energy for All Summit that was organized, in coordination with the UN, in Brussels on April 16 of this year. A new EU Energizing Development initiative was announced. This initiative should provide sustainable energy services to 500 million people by 2030. And the European Commission is currently also establishing a technical assistance facility to provide governments with the expertise to engage in reforms and to develop their own National Energy Access Strategies. The EU wants to mobilize at least 400 million euros over the next two years to go into these two strategies.

Because we are in an economical crisis, we need to find innovative ways of developing financial assistance. A valuable resource to fund development could be a global Financial Transaction Tax. This could also ensure that it’s not just the financial sector that needs to pay a contribution to the economy. So the revenue generated by a European Financial Transaction tax should be put into the future EU budget to help ensure that the EU continues to be one of the world’s biggest providers of development assistance.

UK as first country where companies need to measure carbon footprint

Nick Clegg announced that the UK wants to measure how quickly natural assets are being lost by recording them as part of GDP. The UK will be the first country in the world to force major companies to measure their carbon footprints. More than 1,000 companies have to measure and report their greenhouse gas emissions so they realize how much they are polluting. The plan is that these companies will stop polluting and start looking for more sustainable ways to form a business.

This is all part of a concept called GDP+, where all countries have to start measuring their natural capital. The main goal is that countries start thinking about more than their material wealth. They will also need to reveal their natural wealth, like rainforests, clean rivers and fresh air. They can put a value on precious resources like forests so they understand what it means when they start chopping them down. Because keeping them would boost the GDP of the country.

GDP shows the growth of a country, but when we think about it, it only shows a little part of a country’s welfare. The GDP doesn’t take into account the quality of the growth, like the natural environment needed for a future prosperity. And an average environmental degradation costs the world around 9 per cent of GDP every year.

So GDP needs to have a broader look, it should be a measurement for individual countries to measure what is important, like the forests, so countries can make informed decisions.

Clegg spoke at the Rio Earth Summit where world leaders came together to discuss global issues on sustainable development. He said that Britain will lead the way for other countries by forcing their businesses to act first in measuring their carbon footprint. And this is the first step to managing the greenhouse gases that create global warming.

Hiding greenhouse gas emissions isn’t a good way to lead a business. Reducing them is has many positive outcomes. Not only for the planet but also for the business, they can save money on energy bills and attract companies with their green reputation.

The treasury plans to bring a ‘green tax’ in next year as part of the Carbon Reduction Commitment. But this will be a burden for lots of companies. Ian McCafferty, CBI Chief Economic Advisor, said that measuring carbon is useful for companies, but taxing carbon makes companies uncompetitive with companies abroad and less attractive for foreign investors. So he want the plans for the Carbon Reduction Commitment to be scrapped.

Starting from April 2013, the businesses listed on the Main Market of the London Stock Exchange will have to start the carbon reporting. In 2015, they will be reviewed and ministers will then decide if they want to extend the program to all large companies.

The EEF, representing UK manufacturers, complained that Mr Glegg should have thought about the impact on the home economy before announcing all these new regulations internationally. British businesses already have to cut carbon and reduce greenhouse gases by 2025 under European regulations.

Glegg also believes that investing in renewable energy  is the best way for the UK to boost their economy in the future. For example he wants to boost the energy subsidies on green technology like wind energy.

The UN Rio+20 summit will probably not be as spectacular as the last Earth summit in 1992, where a large number of global agreements to tackle climate change were made. Now they want to decide on new sustainable development goals like switching to renewable energy and cutting pollutions. But environmentalist say that the summit is too weak to force actions. There is also some anger because David Cameron didn’t attend the summit himself but sent Clegg.

The idea of putting a price on nature has been protested against by many, including Sarah Reader, campaigner from the World Development Movement. She said that putting a price on nature allows multinationals and governments to buy the right to destroy landscapes without having to feel guilty because they paid for it. She said that ecosystems should be protected by law.