State of the Practice: Sustainability Standards for Infrastructure Investors

Bennon, Michael; Sharma, Rajiv

doi:10.2139/ssrn.3292469

Cited by 3 publications

(2 citation statements)

References 49 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…However, a study on best-practice on biodiversity safeguards for the Belt and Road Initiative's financiers revealed that most associated lenders do not follow such best practice (Narain et al, 2020). Moreover, there is no consensus around common standards and sustainability metrics for infrastructure development, as shown in a review of 12 sustainability standards for financing infrastructure (Bennon and Sharma, 2018).…”

Section: Figure 1 | (A)mentioning

confidence: 99%

Mitigating the Impacts of Development Corridors on Biodiversity: A Global Review

Juffe‐Bignoli

Burgess

Hobbs³

et al. 2021

Front. Ecol. Evol.

View full text Add to dashboard Cite

Development corridors are extensive, often transnational and linear, geographical areas targeted for investment to help achieve sustainable development. They often comprise the creation of hard infrastructure (i.e., physical structures) and soft infrastructure (i.e., policies, plans, and programmes) involving a variety of actors. They are globally widespread, and likely to be a significant driver of habitat loss. Here, we describe the development corridors phenomenon from a biodiversity perspective and identify the elements of best practice in biodiversity impact mitigation. We use these to carry out a review of the peer reviewed literature on corridors to respond to three questions: (i) how impacts on biodiversity and ecosystem services are assessed; (ii) what mitigation measures are discussed to manage these impacts; and (iii) to what extent do these measures approximate to best practice. We found that of 271 publications on development corridors across all continents (except for Antarctica) mentioning biodiversity or ecosystem services, only 100 (37%) assessed impacts on biodiversity and 7 (3%) on ecosystem services. Importantly, only half of these (52, 19% of the total 271 articles) discussed mitigation measures to manage these impacts. These measures focused on avoidance and minimisation and there was scant mention of restoration or ecological compensation illustrating a deficient application of the mitigation hierarchy. We conclude that the academic literature on corridors does not give sufficient consideration to comprehensive mitigation of biodiversity impacts. To change this, impact assessment research needs to acknowledge the complexity of such multi-project and multi-stakeholder initiatives, quantify biodiversity losses due to the full suite of their potential direct, indirect and cumulative impacts, and follow all the steps of the mitigation hierarchy impact framework. We suggest a series of research avenues and policy recommendations to improve impact assessments of corridors towards achieving better biodiversity outcomes.

show abstract

Section: Figure 1 | (A)mentioning

confidence: 99%

Mitigating the Impacts of Development Corridors on Biodiversity: A Global Review

Juffe‐Bignoli

Burgess

Hobbs³

et al. 2021

Front. Ecol. Evol.

View full text Add to dashboard Cite

show abstract

“…For example, infrastructure will play an important role in achieving climate change mitigation goals. In a 2018 survey conducted by the Callan Institute, 72 percent of the largest infrastructure portfolios reported incorporating environmental, social, or governance factors (Bennon and Sharma, 2018).…”

Section: Box 35mentioning

confidence: 99%

From Structures to Services: The Path to Better Infrastructure in Latin America and the Caribbean

Powell¹,

Serebrisky²,

Cavallo³

2020

View full text Add to dashboard Cite

Antonio Estache, a citizen of Belgium, holds a PhD in Economics from the Université Libre de Bruxelles. He is a professor of economics at his alma mater and a member of the European Center for Advanced Research in Economics and Statistics.Roberto Guerrero, a citizen of Mexico, holds a PhD in Economics from the Massachusetts Institute of Technology. He is an economics senior associate in the Climate Change and Sustainable Development Sector of the Inter-American Development Bank. xxVIII FROM STRUCTURES TO SERVICES Michelle Hallack, a citizen of Brazil, holds a PhD in Economics from the University of Paris Sud. She is a senior energy specialist in the Energy Division of the Inter-American Development Bank. Robin Hamaker-Taylor, a citizen of the United States, holds an MSc in Environmental Policy and Regulation from the London School of Economics. She is a climate policy and risk consultant at Acclimatise Ltd. Bridget Hoffmann, a citizen of the United States, holds a PhD in Economics from Northwestern University. She is an economics specialist in the Research Department of the Inter-American Development Bank. David López Soto, a citizen of Mexico, holds an MA in Economics from El Colegio de México. He is an economist in the Energy Division of the Inter-American Development Bank. Fabiana Machado, a citizen of Brazil, holds a PhD in Political Science from the University of Rochester. She is a senior economist in the Water and Sanitation Division of the Inter-American Development Bank. Laureen Montes Calero, a citizen of Nicaragua, holds an MA in Development and Globalization from the Institute of Development Policy at the University of Antwerp. She is an economist in the Transport Division of the Inter-American Development Bank.

show abstract

Climate-resilience Readiness of Emerging Clean Energy Technologies for India’s Energy Transition: A Deep Dive into Select Technologies

Bansal

2024

IOP Conf. Ser.: Earth Environ. Sci.

View full text Add to dashboard Cite

Sustainability and decarbonization need to be a central component of economic development in the backdrop of climate change, mandates and stakeholder pressures. Climate-resilient infrastructure can significantly contribute to this sustainable and clean development. As energy lies at the heart of decarbonization, this study focuses on one of the critical infrastructures, power sector, and examines the climate-resilience readiness of select clean technologies in light of India’s decarbonization challenge. Battery Energy Storage System (BESS); offshore wind and green hydrogen are studied based on secondary data, incorporating an exploratory and descriptive research design, while using the logic of deduction. Research sets out the barriers faced by India’s power sector in climate-resiliency transition, identifies indicators for measuring climate-resilience and assesses select technologies for their climate-resilience readiness for India’s energy transition. Barriers fall under 5 key categories – technical, monetary, governance, data and social. Indicators for resilience measurement encompass themes of reliability, robustness and resourcefulness. Resilience assessment reveals that BESS, offshore wind and green hydrogen are climate-resilient technologies, albeit, not without gaps which demand policy interventions. Although climate-resilience readiness of clean energy technologies will be of significance, 4 levers of energy transition will hold equal value – policy and regulations, technology, sustainable financing and ESG considerations.

show abstract

State of the Practice: Sustainability Standards for Infrastructure Investors

Cited by 3 publications

References 49 publications

Mitigating the Impacts of Development Corridors on Biodiversity: A Global Review

Mitigating the Impacts of Development Corridors on Biodiversity: A Global Review

From Structures to Services: The Path to Better Infrastructure in Latin America and the Caribbean

Climate-resilience Readiness of Emerging Clean Energy Technologies for India’s Energy Transition: A Deep Dive into Select Technologies

Contact Info

Product

Resources

About