Green Options

United States (and EU) have objected to the principles of Kyoto Protocol and demand that developing countries should also accept responsibility to reduce carbon emissions by accepting mandatory emission targets.

A new report, The Economics of Ecosystems and Biodiversity (TEEB), attempts to bring to the world’s attention the truly great economic value of ecosystems and biodiversity, as well as the benefits of taking these into account when making policies.

The value of the world’s natural ecosystems and biodiversity is something lacking in most economic analyses. Lack of value for what is truly priceless doesn’t just hurt the environment, however. It is also a sort of economic suicide. This new report, hosted by the United Nations Environment Programme and supported by key EU, UK, German, Swedish, Dutch, and Norwegian bodies, attempts to bring all of this to our attention more and show some positive case studies of how taking the environment into consideration can actually save us money.

As the report says: “the failure of markets to adequately consider the value of ecosystem services is of concern not only to environment, development and climate change ministries but also to finance, economics and business ministries.”

The developed countries are struggling to build national consensus for ambitious mitigation measures while the developing countries have gained the higher ground in the negotiations for the next climate deal by announcing voluntary sectoral emission reduction targets.

Solar Energy. Wind Energy. Now, Wave Energy. Reminds me of Captain Planet.

A Finnish company, AW-Energy, recently signed a $4.4 million (€3 million) contract with the European Union (EU) to implement WaveRoller (wave energy) technology in Portuguese waters. This looks interesting. The location for the project is near a town deemed to be “capital of the waves.”

“The United States is in a sense climate illiterate still,” Hans Schellnhuber, the director of Germany’s Potsdam Institute for Climate Impact Research said earlier this week.

He wasn’t just comparing the US to the EU, however. Even developing nations seem to know more about the issue and the potential results of inaction.

A new report released today says that if we shift our economy — to a greener, low-carbon economy — we will have more jobs, not fewer.

Earlier this week, Tony Blair (former prime minister of the UK) and the Climate Group reported that if we worked to avoid climate change we’d create 10 million new jobs by 2020 — worldwide. Another recent study by Greenpeace and the European Renewable Energy Council says that such a shift could increase employment in the EU by 2.7 million jobs by 2030.

One more report, released today by the Global Climate Network (an alliance of nine influential think tanks) comes to similar conclusions.

Climate Action Will Pay for Itself, and More.

The United Nations (UN) stated earlier this month that the cost of avoiding climate change was at least 1% of global GDP — $500-600 billion dollars. Despite this major cost, Tony Blair, former Prime Minister of the UK, and The Climate Group, presented a report to the UN yesterday saying that a strong climate deal will “boost growth in all major economies & create millions of new jobs.”

Croatia and Hungary signed an agreement yesterday to protect a major biodiversity area that crosses borders along three rivers. The agreement is being called a “Trans-Boundary UNESCO Biosphere Reserve” and has resulted in the World Wildlife Fund (WWF) awarding the two countries with a “Leaders for a Living Planet” award.

The reserve will preserve several endangered species, among other environmental jewels. There is also the possibility of the reserve expanding several times over into neighboring countries in the future.

A new report says that offshore wind “provides the answer to Europe’s energy and climate dilemma” and will soon provide Europe with about 10% of its electricity demand.

EU demands that advanced developing countries take more responsibility by partially funding their carbon emission reduction programs and contribute to the international adaptation fund to help developing and poor countries.

The European Union (EU) released a 94-page list of airlines that must reduce their emissions or will be banned from European airports two days ago. These are airlines of various sorts from all around the world. Some top players include United Airlines, US Airways, and the US Navy.