“What would it take to reduce disaster risk in your country by 50 percent by 2030?” This question was posed to a gathering of small island developing states leaders and representatives during the Understanding Risk forum in London in 2014.
At the time, it probably seemed like an overwhelming question. Around US$650 million in international financing is currently available annually to build resilience in small states. However, for many countries, reducing their disaster risk by 50 percent is an attainable goal.
In 2014, Tajikistan applied climate analysis to maximize investments in an aging hydropower system upon which half a million people depend. Morocco continued the phased development of a 500 MW concentrated solar power complex — the first of its kind in Morocco and one of the largest in the world, promising to bring electricity to 1.1 million Moroccans. Indigenous peoples’ groups in Brazil presented and received approval for a $6.5 million plan to advance their participation in sustainable forest management.
These are just a few of the many progressive steps that 63 developing and middle income countries are taking to shift to low carbon, climate-resilient economies with support from the Climate Investment Funds (CIF).
With more than $8 billion in resources expected to attract at least an additional $57 billion from other sources, the CIF is accelerating, scaling up, and influencing the design of a wide range of climate-related investments in participating countries. While this may be only a small portion of the resources needed annually to curb global warming, the CIF is showing that even a limited amount of public funding, if well placed, can deliver investments at scale to empower transformation.
These are some of the views and reports relevant to our readers that caught our attention this week.
Dial ICT for conflict? Four lessons on conflict and contention in the info age
The Washington Post
The past decade has witnessed an explosion of interest among political scientists in the outbreak and dynamics of civil wars. Much of this research has been facilitated by the rise of electronic media, including newspapers but extending to social media (Twitter, Facebook) that permit the collection of fine-grained data on patterns of civil war violence. At the same time, a parallel research program has emerged that centers on the effects of new information and communication technologies (ICTs). Yet these two research efforts rarely intersect.
Improving Innovation in Africa
Harvard Business Review
Opportunity is on the rise in Africa. New research, funded by the Tony Elumelu Foundation and conducted by my team at the African Institution of Technology, shows that within Africa, innovation is accelerating and the continent is finding better ways of solving local problems, even as it attracts top technology global brands. Young Africans are unleashing entrepreneurial energies as governments continue to enact reforms that improve business environments. An increasing number of start-ups are providing solutions to different business problems in the region. These are deepening the continent’s competitive capabilities to diversify the economies beyond just minerals and hydrocarbon. Despite this progress, Africa is still deeply underperforming in core areas that will redesign its economy and make it more sustainable.
While many impacts of climate change are already evident around the world, the worse is still to come. Having a clear picture of future risks is essential to spur action now on a scale that matches the problem. The World Bank has prepared the following infographic to communicate the risks for one of the world’s most vulnerable countries—Bangladesh.
The data comes from the 2013 World Bank report Turn Down the Heat: Climate Extremes, Regional Impacts, and the Case for Resilience. This report combines a literature review and original scientific modeling to build on a previous effort that found that the world will become 4°C (7.2°F) hotter during this century in the absence of deep and fast cuts to global carbon emissions. In this scenario, hotter local temperatures, greater water challenges, higher cyclone risks, and lower crop yields will create a hotspot of risks for Bangladesh.
Bangladesh already has a hot climate, with summer temperatures that can hit 45°C. Heat waves will break new records in a 4°C hotter world, with 7 out of 10 summers being abnormally hot. Northern Bangladesh will shift to a new climatic regime, with temperatures above any levels seen in the past 100 years and monthly deviations five to six times beyond the standard.
Five months after the UN Climate Leadership Summit, with its unprecedented call to action for putting a price on carbon, low oil prices have provoked governments to look again at whether they have prices right and to consider how to exploit a golden opportunity to reset signals within their economies for lower-carbon growth.
Business leaders in closed-door and public sessions in Davos last month talked of the inevitability of effective prices on carbon and the need for an orderly transition to lower-carbon growth. There was a sense that business, not normally reticent when pointing out how policy can negatively affect operations, needs to use its voice to urge smart, early policy action on carbon pricing. The bottom line was that this price signal will be essential, if insufficient on its own, to steer economies closer to a pathway that can keep warming below 2 degrees Celsius.
The voices were CEOs, from all sectors of the economy and all regions of the world. They recognize the risks climate change poses to their supply chains and businesses.
Last week, we heard those arguments again as organizations that have come together since the summit into a Carbon Pricing Leadership Coalition (CPLC) met to assess progress and plan for 2015.
Three trends in the global financial market are converging to make sukuk, the Islamic financial instrument most similar to a conventional bond, a potentially viable form of finance for green investments: (1) banks are reluctant to finance infrastructure due to stricter capital requirements; (2) an increasing number of investors are interested in ‘environmentally sustainable investing’ (in other words, investing to promote activities seen as positive for the environment); and (3) the market for sukuk is growing significantly. While these three trends are distinct and not obviously related, taken together, they create a market opportunity for sukuk to be used as a tool to finance environmentally sustainable infrastructure projects.
The need for significant infrastructure spending is obvious in both developed and developing countries. From crumbling transportation infrastructure in the United States to inadequate power generation capacity in India, the evidence is clear that improving infrastructure is a global priority. At the same time, popular concern about climate change and the detrimental impact of increasing greenhouse gas emissions has also made improving infrastructure in an environmentally sustainable manner a priority.
“Imagine if we could invent something that cut road and rail crowding, cut noise, cut pollution and ill- health – something that improved life for everyone, quite quickly, without the cost and disruption of new roads and railways. Well, we invented it 200 years ago: the bicycle.” – Boris Johnson, Mayor of London
This follow up reflection of my previous blog post has been encouraged and inspired by the enthusiastic response from the worldwide community of cyclists — individuals who depend on and use this very reliable mode of versatile transportation on a daily basis. At one point in the first 24 hours after it was published, the number of views to the initial blog post exceeded 1000 per hour, and it totaled over 200K views. The article has been adopted by the World Economic Forum Agenda Blog and even landed on the Facebook page of the United Nations, with great support from the Union Cycliste Internationale (UCI) and World Bicycle Relief. It has been translated into French and Spanish, and a German language version is in the works. The conclusion, based on comments that were made, was very clear: the world still loves the velocipede whether as a form of transport or as an Olympic sports event.
In response to the previous blog Brian Cookson, UCI President summed it up well with this reflection, “Cycling is one of the most popular sports in the world, but it’s also a mode of transport for millions, helping to reduce emissions of greenhouse gases and keep people healthy. UCI wants to contribute to a future where everyone, regardless of age, gender, or disability gets the opportunity to ride and bike, whether as an athlete, for recreation, or for transport. In ten months’ time, the Paris climate talks will provide the final opportunity to plan for a sustainable future: cycling - a truly zero-carbon form of transport - must be part of the solution.”