Here you will find a round-up of all the recent news and events in mechanisms from around the world.
- A county in California has managed to become completely grid positive by using renewable energy bonds and conservation bonds to fund a solar energy project, avoiding harmful CO2 emissions while adding $10 million to the local economy over the next 25 years.
- The National Trust are receiving payments for their ecosystem services by pumping green energy from a range of projects - including solar, hydro and biomass schemes - into the grid. In total, they are hoping to make an extra £4 million per year.
- In the US, the Obama administration announced they will use $15 million to fund solar energy projects using a new MGM: a Solar Market Pathways programme. The new initiative seeks to bolster shared or community solar programmes and local funding initiatives as part of Obama’s Climate Action Plan.
- A new plan has been announced for a new Home Renewables Loan Scheme that will give Scottish homeowners access to interest free finance to improve their green credentials.
- What do you say when faced with the argument against energy subsidies? Dr Alan Whitehead MP has the answer.
Solar Panels in California. Source: ReNew Economy.
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- Christopher Right, Professor of Organisational Studies at the University of Sydney, argues in favour of state-led MGMs: “businesses will clearly be key actors in this social and economic change, but the scale of change also demands government regulation. We cannot afford to simply leave it to business to “save us” from climate change.”
- Car manufacturing companies including Nissan, Ford and BMW are pumping billions to build and maintain standards set by certification schemes and various types of legislation. But the state-led regulation of global markets is only one part of the lesson from the green car revolution.
- The Marine Stewardship Council (MSC) has announced that it will develop a standard specifically for Seaweed - the demand for which is on the up with it increasingly being used as a food source for both humans and as a feedstock for biofuel production. In addition, it is also found in some cosmetics and pharmaceutical products, as well as some fertilizers.
- Nigeria is officially a middle-income country but a significant amount of the population still doesn't have access to food that is good enough - over a quarter of the population’s children are underweight. To solve the problem, it is important that the private sector is persuaded to do good. So now, the challenge is to find a way to introduce a way to control the market - some kind of certification scheme, for example.
- Support from the community could be the all-important ingredient in achieving sustainability and economic prosperity in agriculture, specifically in fisheries - a recent report, for instance, finds that Community Supported Fisheries can produce positive environmental impacts, including the marketing of species that would otherwise be discarded.
A net full of cod. Photo: Derek Keats. Source: Creative Commons
- George Monbiot explains why the UK government are introducing a Natural Capital Committee that will promote biodiversity offsets. But Monbiot doesn't seem convinced, arguing that so long as we frame nature's value economically, the inherent value is left neglected. "It's a re-framing issue," he says.
- Implementing Payment for Ecosystem Services is easier said than done in Uganda, Barbara Unmuesig warns. “As it stands, emissions trading works only as a way to redress the industrialised countries' business-as-usual approach,” says Unmuesig. “Market-based instruments' growing role in conservation will merely enable businesses to manipulate their environmental obligations, while making it easier for governments to neglect their responsibility to devise effective environmental policy.”
- According to Bernie Fraser, CCA Chair, the future of Australia’s MGMs will be determined by budget considerations rather than climate science: “the price of carbon is to go, [and] the RET is to be reviewed and possibly headed for a downgrade…”
- Oxfam International’s Executive Director, Winnie Byanyima, reminds us about the impact of global inequality. She warns that: “massive concentrations of income and wealth weaken the checks and balances that are meant to ensure that majorities are heard, heighten social tensions and erode the social contract between citizens and the state.” To reverse the damage, Byanyiama calls for progressive taxation and a fairer global tax framework.