With unemployment soaring, bankruptcies climbing, and stock markets in free-fall, it may at first glance seem sensible to ditch the fight against climate change and put environmental investments on hold. But this would be a devastating mistake of immediate, as well as intergenerational, proportions.
Far from burdening an already over-stressed, over-stretched global economy, environmental investments are exactly what is needed to get people back to work, get order books flowing and assist in powering economies back to health.
In the past, concern for the environment was viewed as a luxury; today, it is a necessity — a point grasped by some, but by no means all, economic architects yet.
A big slice of US President Barack Obama’s US$825 billion stimulus package for the US includes a boost to renewable energy, “weatherizing” a million homes and upgrading the country’s inefficient electricity grid.
Such investments could generate an estimated 5 million “green-collar” jobs, provide a shot in the arm for the construction and engineering industries, and get the US back into the equally serious business of combating climate change and achieving energy security.
South Korea, which is losing jobs for the first time in more than five years, has also spotted the green lining to grim economic times. South Korean President Lee Myung-bak’s government plans to invest US$38 billion employing people to clean up four major rivers and reduce disaster risks by building embankments and water-treatment facilities.
Other elements of Lee’s plan include construction of eco-friendly transportation networks, such as high-speed railways and hundreds of kilometers of bicycle tracks, and generating energy using waste methane from landfills. The package also counts on investments in hybrid vehicle technologies.
Similar pro-employment “Green New Deal” packages have been lined up in China, Japan and the UK. They are equally relevant to developing economies in terms of jobs, fighting poverty and creating new opportunities at a time of increasingly uncertain commodity prices and exports.
In South Africa, the government-backed Working for Water initiative — which employs more than 30,000, including women, young people and the disabled — also sees opportunity in crisis. The country spends roughly US$60 million annually fighting invasive alien plants that threaten native wildlife, water supplies, important tourism destinations and farmland.
This work is set to expand as more than 36.3 million tonnes of invasive alien plants are harvested for power-station fuel. As a result, an estimated 500 megawatts of electricity, equal to 2 percent of the country’s electricity needs, will be generated, along with more than 5,000 jobs.
So it is clear that some countries now view environmental investments in infrastructure, energy systems and ecosystems as among the best bets for recovery. Others may be unsure about the potential returns from investing in ecosystem services such as forest carbon storage or in renewable energy for the 80 percent of Africans who have no access to electricity. Still others may simply be unaware of how to precisely follow suit.
The UN Environment Program (UNEP) will convene some of the world’s leading economists at the UN’s headquarters in New York this month. A strategy for a Global Green New Deal, tailored to different national challenges, will be fleshed out in order to assist world leaders and ministers craft stimulus packages that work on multiple fronts.
The Global Green New Deal, which UNEP launched as a concept last October, responds to the current economic malaise.
Spent wisely, however, these stimulus packages could trigger far-reaching and transformational trends, setting the stage for a more sustainable, urgently needed Green Economy for the 21st century.
The trillions of dollars that have been mobilized to address current woes, together with the trillions of investors’ dollars waiting in the wings, represent an opportunity that was unthinkable only 12 months ago: The chance to steer a more resource-efficient and intelligent course that can address problems ranging from climate change and natural-resource scarcity to water shortages and biodiversity loss.
Blindly pumping the current bail-out billions into old industries and exhausted economic models will be throwing good money after bad while mortgaging our children’s future.
Instead, political leaders must use these windfalls to invest in innovation, promote sustainable businesses and encourage new patterns of decent, long-lasting employment.
Achim Steiner, an under-secretary general at the UN, is executive director of the UN Environment Program.
COPYRIGHT: PROJECT SYNDICATE
They did it again. For the whole world to see: an image of a Taiwan flag crushed by an industrial press, and the horrifying warning that “it’s closer than you think.” All with the seal of authenticity that only a reputable international media outlet can give. The Economist turned what looks like a pastiche of a poster for a grim horror movie into a truth everyone can digest, accept, and use to support exactly the opinion China wants you to have: It is over and done, Taiwan is doomed. Four years after inaccurately naming Taiwan the most dangerous place on
Wherever one looks, the United States is ceding ground to China. From foreign aid to foreign trade, and from reorganizations to organizational guidance, the Trump administration has embarked on a stunning effort to hobble itself in grappling with what his own secretary of state calls “the most potent and dangerous near-peer adversary this nation has ever confronted.” The problems start at the Department of State. Secretary of State Marco Rubio has asserted that “it’s not normal for the world to simply have a unipolar power” and that the world has returned to multipolarity, with “multi-great powers in different parts of the
President William Lai (賴清德) recently attended an event in Taipei marking the end of World War II in Europe, emphasizing in his speech: “Using force to invade another country is an unjust act and will ultimately fail.” In just a few words, he captured the core values of the postwar international order and reminded us again: History is not just for reflection, but serves as a warning for the present. From a broad historical perspective, his statement carries weight. For centuries, international relations operated under the law of the jungle — where the strong dominated and the weak were constrained. That
The Executive Yuan recently revised a page of its Web site on ethnic groups in Taiwan, replacing the term “Han” (漢族) with “the rest of the population.” The page, which was updated on March 24, describes the composition of Taiwan’s registered households as indigenous (2.5 percent), foreign origin (1.2 percent) and the rest of the population (96.2 percent). The change was picked up by a social media user and amplified by local media, sparking heated discussion over the weekend. The pan-blue and pro-China camp called it a politically motivated desinicization attempt to obscure the Han Chinese ethnicity of most Taiwanese.
RSS