"Trading in Air" provides a comprehensive insight into opportunities and challenges to achieve greenhouse gas emissions reductions through the carbon markets, with a focus on transition economies. Chapter I tracks the evolution of the global carbon markets. Chapter II discusses the legal framework under the UNFCCC and Kyoto Protocol. Chapter III explores emissions reduction projects under Article 6 of the Kyoto Protocol and, among other things, uses Russia's approach to implementing Jl projects as an illustration. Chapter IV considers the future of climate regulation after 2012. The book is an indispensable working tool for regulators, market participants, and other parties interested in climate regulation.
The definitive guide to how institutional investors should approach the risks and opportunities associated with climate change Environmental Alpha provides institutional investors with the comprehensive framework they need to assess the risks and investment opportunities tied to climate change. Climate change will present institutional investors with some of the most important risks and opportunities they will face for generations to come. Climate change has the potential to affect many sectors in radically different degrees over time, and institutional investors need to have a thorough understanding of the multi-dimensional risks and opportunities that could influence nearly every investment in their portfolios. This volume is composed of contributions by leading experts in environmental investment, moving beyond the theoretical or academic nature of much of the current discussion on the topic to provide you with real-world insights into an emerging market. Examines the climate change-related drivers of returns (science, economics, policy, and technology) that make environmental alpha possible Explores fiduciary duty and climate change Contains in-depth explanations of each of the major categories of environmental investing and examines related environmental alpha opportunities Discusses practical implementation issues Presents real-world case studies and examples Climate change will be one of the most important investment themes of the next twenty years; the related environmental investment opportunities will provide institutional investors with some of the greatest «alpha» opportunities for years to come. This book will put you in a better position to assess and access these opportunities.
Global climate change creates new challenges in particular for cities and regions. As centres of human activity they are especially vulnerable to climate change impacts. Adapting to a changing climate requires dealing with multiple uncertainties and complexity in order to allow proactive action. Therefore, cities and regions around the globe face the challenge of exploring flexible and innovative forms of governance which have to address specific local or regional vulnerabilities and build capacity to accommodate future change. This raises questions about the roles of stakeholders, the involvement of citizens, the composition and use of formal and informal instruments as well as the implementation of different forms of organization and regulation at the local and regional level. This book provides case studies from cities and regions all around the world. It analyses climate change adaptation from a perspective of organizing, administering and implementing local and regional adaptation strategies and measures. It looks into actors, actor-constellations, institutions and networks of climate adaptation. And, it provides the reader with knowledge about good practices and experiences to be transferred for solving adaptation challenges in cities and regions around the globe.
Praise for Carbon Finance «A timely, objective, and informative analysis of the financial opportunities and challenges presented by climate change, including a thorough description of adaptive measures and insurance products for managing risk in a carbon constrained economy.» —James R. Evans, M. Eng. P. Geo., Senior Manager, Environmental Risk Management, RBC Financial Group «Climate change will have enormous financial implications in the years to come. How businesses and investors respond to the risks and opportunities from this issue will have an enormous rippling effect in the global economy. Sonia Labatt and Rodney White's insights and thoughtful analysis should be read by all who want to successfully navigate this global business issue.» —Andrea Moffat, Director, Corporate Programs, Ceres «In Carbon Finance, Labatt and White present a clear and accessible description of the climate change debate and the carbon market that is developing. Climate change is becoming an important factor for many financial sector participants. The authors illustrate how challenges and opportunities will arise within the carbon market for banking, insurance, and investment activities as well as for the regulated and energy sector of the economy.» —Charles E. Kennedy, Director and Portfolio Manager, MacDougall, MacDougall & MacTier Inc. «Climate change is the greatest environmental challenge of our generation. Its impact on the energy sector has implications for productivity and competitiveness. At the same time, environmental risk has emerged as a major challenge for corporations in the age of full disclosure. Carbon Finance explains how these disparate forces have spawned a range of financial products designed to help manage the inherent risk. It is necessary reading for corporate executives facing challenges that are unique in their business experience.» —Skip Willis, Managing Director Canadian Operations, ICF International «In this timely publication, Labatt and White succeed in communicating the workings of carbon markets, providing simple examples and invaluable context to the new and changing mechanisms that underpin our transformation to a carbon-constrained world. Carbon Finance will be the definitive guide to this field for years to come.» —Susan McGeachie, Director, Innovest Strategic Value Advisors, Graduate Faculty Member, University of Toronto; and Jane Ambachtsheer, Principal, Mercer Investment Consulting, Graduate Faculty Member, University of Toronto
Governments have failed to stem global emissions of carbon dioxide and other greenhouse gases causing climate change. Indeed, climate-changing pollution is increasing globally, and will do so for decades to come without far more aggressive action. What explains this failure to effectively tackle one of the world's most serious problems? And what can we do about it? To answer these questions, Paul G. Harris looks at climate politics as a doctor might look at a very sick patient. He performs urgent diagnoses and prescribes vital treatments to revive our ailing planet before it's too late. The book begins by diagnosing what’s most wrong with climate politics, including the anachronistic international system, which encourages nations to fight for their narrowly perceived interests and makes major cuts in greenhouse pollution extraordinarily difficult; the deadlock between the United States and China, which together produce over one-third of global greenhouse gas pollution but do little more than demand that the other act first; and affluent lifestyles and overconsumption, which are spreading rapidly from industrialized nations to the developing world. The book then prescribes several «remedies» for the failed politics of climate change, including a new kind of climate diplomacy with people at its center, national policies that put the common but differentiated responsibilities of individuals alongside those of nations, and a campaign for simultaneously enhancing human wellbeing and environmental sustainability. While these treatments are aspirational, they are not intended to be utopian. As Harris shows, they are genuine, workable solutions to what ails the politics of climate change today.
Struggles over drinking water, new outbreaks of mass violence, ethnic cleansing, civil wars in the earth's poorest countries, endless flows of refugees: these are the new conflicts and forces shaping the world of the 21st century. They no longer hinge on ideological rivalries between great powers but rather on issues of class, religion and resources. The genocides of the last century have taught us how quickly social problems can spill over into radical and deadly solutions. Rich countries are already developing strategies to garner resources and keep 'climate refugees' at bay. In this major book Harald Welzer shows how climate change and violence go hand in hand. Climate change has far-reaching consequences for the living conditions of peoples around the world: inhabitable spaces shrink, scarce resources become scarcer, injustices grow deeper, not only between North and South but also between generations, storing up material for new social tensions and giving rise to violent conflicts, civil wars and massive refugee flows. Climate change poses major new challenges in terms of security, responsibility and justice, but as Welzer makes disturbingly clear, very little is being done to confront them. The paperback edition includes a new Preface that brings the book up to date and addresses the most recent developments and trends.