The Role of Sustainable Investment in Climate Policy

Schütze, Franziska; Fürst, Steffen; Mielke, Jahel; Steudle, Gesine A.; Wolf, Sarah; Jaeger, Carlo

doi:10.3390/su9122221

Cited by 10 publications

(8 citation statements)

References 32 publications

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“…However, benefit sharing of transboundary waterbodies may require upstream water users to better manage their phosphorus pollution to avoid polluting shared water bodies, and in this way mitigate phosphorus pollution. In addition, the development by the financial sector of a sustainable investment strategy for the phosphorus mining/fertilizer sector (e.g., as established for the fossil fuels sector) could help enable fair and ethical supplies of affordable phosphorus fertilizers for use where it is needed (Schütze et al, 2017).…”

Section: Short-term Responses Exacerbating Phosphorus Exposurementioning

confidence: 99%

Phosphorus price spikes: A wake-up call for phosphorus resilience

Brownlie

Sutton

Cordell

et al. 2023

Front. Sustain. Food Syst.

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Food systems depend on reliable supplies of phosphorus to fertilize soils. Since 2020, a pandemic, geopolitical disputes, trade wars and escalating fuel prices have driven a >400% increase in phosphorus commodity prices, contributing to the current food crisis. The Russia-Ukraine conflict has disrupted phosphate trade further. Concurrently, phosphorus losses to freshwaters, through insufficient municipal wastewater treatment and inappropriate fertilizer use and land management practices, are a significant threat to water quality globally. Despite precariously balanced food and water security risks, nations are largely unaware of their “phosphorus vulnerability” and phosphorus is markedly absent in national and global policies addressing food and water security. Phosphorus vulnerability can be described as the degree to which people/systems are susceptible to harm due to the physical, geopolitical and socio-economic dimensions of global phosphorus scarcity and pollution. Here, we bring the current price spike into focus, highlighting the drivers, policy responses and their consequences. We highlight the need for an integrated assessment of phosphorus vulnerability that considers environmental, socio-economic and climate change risks across scales. We illustrate how reducing phosphorus waste, increasing phosphorus recycling, and wider system transformation can reduce national reliance on imported phosphorus, whilst enhancing food and water security. The current crisis in fertilizer prices represents a wake-up call for the international community to embrace the global phosphorus challenge.

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Section: Short-term Responses Exacerbating Phosphorus Exposurementioning

confidence: 99%

Phosphorus price spikes: A wake-up call for phosphorus resilience

Brownlie

Sutton

Cordell

et al. 2023

Front. Sustain. Food Syst.

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“…It also represents trade intensity and the exposure of the sectorial production to international trade. Equations (2) and (3) show the export share and the trade share indicators, respectively.…”

Section: Emissions Intensitymentioning

confidence: 99%

“…Climate change is one of the greatest economic and political challenges faced by the world economies today [1]. It implies the need to reconcile the global nature of the problem with actions at regional, national, and/or local levels [2][3][4]. Impacts of climate change have increasingly been gaining a central role in political, economic, social, and environmental discussions, as countries, by signaling the transition to a low carbon development model, are looking for solutions and mechanisms to reduce emissions of greenhouse gases (GHG) that are technically and economically feasible [5].…”

Section: Introductionmentioning

confidence: 99%

Impacts of Carbon Pricing on Brazilian Industry: Domestic Vulnerability and International Trade Exposure

et al. 2018

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After COP 21, with the adoption of the Paris Agreement in December 2015, the outlook for carbon pricing policies has been widened. While the agreement does not directly establish a global carbon pricing, the provisions accounted for in Article 6 have the potential to increase international cooperation in favor of greenhouse gas (GHG) mitigation through market mechanisms. The Brazilian Nationally Determined Contribution (NDC) considers the use of such mechanisms, though the configuration of the Brazilian climate policy does not specify the economic instruments for carbon pricing. When examining the recent evolution of GHG emissions in Brazil, the already achieved reduction in deforestation sheds light on the need to address GHG mitigation in other sectors, such as industry. Therefore, this paper analyzes the impacts of carbon pricing on the Brazilian industry in terms of sectorial value added (VA), emissions intensity, international trade exposure, and the risk of carbon leakage. Results indicate that, considering a price of carbon of US$10/tCO 2 , the cost of reducing emissions from 35% to 45% (same range of the Brazilian NDC) could represent an impact of 0.3% to 3.7% on sectorial VA. However, results for emissions intensity and international trade reveal medium to high carbon leakage risks for all analyzed industrial sectors.

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“…This means it needs to come with tangible improvements of living conditions for European citizens at large, across all regions and social groups. Grounded in a line of research about how climate Environmental Policy policy can trigger a transition to a new growth path (Jaeger et al, 2011(Jaeger et al, , 2015Jaeger, 2012;Schütze et al, 2017), this article presents a feasibility check of such a shift.…”

mentioning

confidence: 99%

The European Green Deal — More Than Climate Neutrality

et al. 2021

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The European Green Deal aims at climate neutrality for Europe by 2050, implying a significant acceleration of emission reductions. To gain the necessary support, it needs to reduce regional and social inequalities in Europe. We present objectives in terms of jobs, growth and price stability to complement the emission reduction targets and sketch a proof-of-concept investment profile for reaching these goals. Substantial additional annual public investments, of about 1.8% of pre-COVID-19 GDP, are proposed for the next decade. Their allocation includes retrofitting the European building stock, consciously fostering a renewal of the European innovation system as well as complementary measures in the fields of education and health. The scenario outlined in this article is meant as an input to the urgently needed discussion on how the European Green Deal can shift the EU economy to a new development path that realises a carbon-neutral Europe by 2050 while strengthening European cohesion.

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The Role of Sustainable Investment in Climate Policy

Cited by 10 publications

References 32 publications

Phosphorus price spikes: A wake-up call for phosphorus resilience

Phosphorus price spikes: A wake-up call for phosphorus resilience

Impacts of Carbon Pricing on Brazilian Industry: Domestic Vulnerability and International Trade Exposure

The European Green Deal — More Than Climate Neutrality

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