Climate Justice, Investment and the role of the private sector. Sheelagh O’Reilly 21 st November 2012 Aberdeen University . IF…….
Climate Justice, Investment and the role of the private sector
21st November 2012
Climate justice is a vision to dissolve and alleviate the unequal burdens created by climate change. As a form of environmental justice, climate justice is the fair treatment of all people and freedom from discrimination with the creation of policies and projects that address climate change and the systems that create climate change and perpetuate discrimination.
we recognise that there are finite limits to the planets resources either as inputs or outputs to an economic systems;
we recognise that we have responsibilities to enable other human beings (alive now and in the future) to a life that at least meets the basic rights to physical security, subsistence and liberty
We recognise that we have responsibilities to enable the flourishing of non-human entities
Is low carbon energy generation part of the answer, and does this need to be tied to a) attention on human rights and b) issues of economic growth and measurement?
Climate Change and Human Rights
Investing in Low Carbon Economy
Role of Institutional Investors
G20 Low Carbon Economy Index (PWC)
Governments’ ambitions to limit warming to 2oC appear highly unrealistic.
Use of public finance to leverage private finance
One process for ‘technology transfer’
IS THIS AN APPROPRIATE MECHANISM AND WHAT ARE THE IMPLICATIONS OF PRIVATE FINANCE PROVIDING SERVICES WITH HIGH LEVELS OF PUBLIC GOODS BENEFITS?
‘Investment grade’ renewable energy policy
The ‘long, loud and legal’ requirement from STATES
Core characteristics of a policy to attract private finance i.e. what the STATE needs to do to attract private capital:
Additional factors for developing countries
What are the responsibilities of the private sector?
Some questions for consideration (1 of 2)?
Some questions (2/2)
UN Secretary-Generals Special Representative on Business & Human Rights
Equator Principles: http://www.equator-principles.com/