Category: Global Governance

T20/G20 Policy Brief: GREEN SHIFT TO SUSTAINABILITY: Co-benefits & Impacts of Energy Transformation on Resource Industries, Trade, Growth and Taxes

By R. Andreas Kraemer (lead) – Center for International Governance Innovation (CIGI), Canada,Joël Ruet – The Bridge Tank, France,Barry Carin– Center for International Governance Innovation (CIGI), Canada, Max Gruenig– Ecologic Institute, Germany & United States, Fernando Naves Blumenschein & Renato Flores– Fundação, Getulio Vargas(FGV), Brazil, Akshay Mathur– Gateway House, India, Clara Brandi – German Development Institute (GDI-DIE), Thomas Spencer– Institut du développement durable et des relations internationales (IDDRI), France Sebastian Helgenberger & Sonja Thielges– Institute for Advanced Sustainability Studies (IASS), Germany,  Scott Vaughan– International Institute for Sustainable Development (IISD), Canada,Shelagh Whitley– Overseas Development Institute (ODI), UK, Hermann Ott– Wuppertal Institute, Germany. 

“Energy transformation towards 100% renewable energy is economically inevitable, and socially and environmentally desirable, yet it may produce negative signals in outdated statistics as fossil trade diminishes and the sector shrinks. This paradoxon should be addressed in a joint report by, e.g., IRENA, IMF, OECD, andthe World Bank, and the Task Force on Climate-Related Financial Disclosures.

Fossil fuel extraction and commodity trade will end, and fossil asset values erode. The industry’s role in capital formation, international trade, economic activity (GDP), and government revenue will decline. New energy systems, based on efficiency, renewables, storage, and smart management are cheaper to build, run and maintain. Growth of electricity use stimulates innovation, value creation, and growth in consumer rent, as renewable energy technologies harvest free environmental flows that are not traded and often for self-consumption. Total utility will grow while trade, GDP and the tax base may shrink. Reports should inform G20 Leaders, Ministers of Finance and Central Bank Governors on the true costs and benefits, and alert them to misleading signals.” Read More … 

Policy Brief: Financial Regulation and Climate Emergency – For Greener Prudential and Accounting Standards

Abdeljellil Bouzidi, The Bridge Tank, has co-authored a Brief for the Think Tank Terra-Nova http://tnova.fr/etudes/regulation-financiere-et-urgence-climatique-pour-des-normes-prudentielles-et-comptables-plus-vertesin which the authors state that «It is vital for our economies to quickly reconcile funding methods with climate goals. Both the prudential regulation of European finance and the accounting system are still exclusively focused on the prevention of a systemic crisis, which ignores in its sheer definition the climate dimension.

It is, hence, necessary and urgent to reinvest the prudential field to ensure the financing of the green economy and the fight against global warming by including environmentally macroeconomic criteria. More generally, we must stop thinking of environmental problems as externalities of the productive system.

Read morein french 

Joël Ruet attends the “Think20 Global Solutions” summit

Between the 29th and the 30th of May 2017, the Think20 Summit of Global Solutions was held in Berlin. The Bridge Tank was represented by president Joël Ruet. Ruet discussed with the African Union delegation, notably the Vice Chairperson of the African Union Commission Thomas Kwesi Quartey, on the role of Chinese, Indian and European investments in Africa. This discussion was a preparatory step to The Bridge Tank’s attendance at the African Union Summit to come late January 2018.

The Bridge Tank attends the 12th Confederation of Indian Industry Conclave on India-Africa in New Delhi

On the 9th and 10th of March 2017, the Confederation of Indian Industry held its 12th Exim Bank Conclave on India-Africa Project Partnership in New Delhi, India. This conclave was notably inaugurated by Pranab Mukherjee, President of India, and M.J. Akbar, minister of external affairs. Speakers included Nirmala Sitharaman, Indian Minister of Commerce and Industry, Gen V. K. Singh, former Indian Minister for Foreign Affairs, the King of Swaziland Mswati III, the President of Uganda Yoweri Museveni, and Ruhakana Rugunda, Prime Minister of Uganda. Over 6,000 delegates from 45 African countries and 5,000 Indian delegates took part in this conference. The Bridge Tank has been taking part in the CII’s conclaves every year since 2015.

The case for sovereign climate bonds How to combat climate change with fiscal policy?

“Investment in a low-carbon future is a key priority for many governments across the developed and developing world, and also for central banks looking to diversify their investment portfolios. One proposal for turning this priority into action is through the creation of climate policy performance bonds – calling them ‘sovereign climate bonds’.”

By Abdeljellil Bouzidi, Board Member of The Bridge Tank.

Read more by clicking on this link.

Our take on the Low Emission Solutions Conference – COP 22

Download the full report here.

This report details the discussions and conclusions at the LESC conference from November 14th to 16th as part of the COP22 in Marrakesh. The report is meant to be a collection of data, quotes, and viewpoints put forth by the speakers and panelists over this three-day period. In addition, we have added our own analysis and evaluation throughout the document, which is meant to help connect the different ideas presented. The LESC conference was intended as a workshop over solutions to reach the objectives of the Paris Agreement. It was thus action-oriented, with panel discussions intermixed with presentations on different innovations potentially critical in reaching said goals. As this was the COP of “action”, this was an appropriate format, and should provide policymakers with plenty of options in planning their own pathways to drastically lower emissions.

Continue reading “Our take on the Low Emission Solutions Conference – COP 22”

The Bridge Tank at COP21

The Bridge Tank team participated in a series of events during COP21, from a meeting at the French Senate with Moroccan Environment Minister Hakima el Haite on the position of developing countries, to the “COP of Solutions,” to the publication of a study at the Cercle Interallié that was conducted by The Bridge Tank for the French National Institute of Intellectual Property. These events took place between November 30 and December 12, 2015. For the first time in the history of the COPs, simultaneously with the Paris Agreements and the official discussions, a solutions forum was open to companies, influencers, researchers and think tanks.

Joël Ruet, President of the Bridge Tank and Guillaume Henry, member of the Bridge Tank’s steering committee, presented a report for the French National Institute of Intellectual Property (INPI) at the Cercle Interallié. This report proposes ways to accelerate the transfer of green technologies and know-how from large multinationals to Southern countries. Also, the Bridge Tank presented the results of its work with the Institute for Sustainable Mobility of the Renault Foundation. Avenues for a resilient agriculture in Brazil and West Africa, including carbon capture by soils, were presented. In addition, this subject was the subject of a thesis that the Bridge Tank co-produced with the EHESS and the Ecole des Ponts. This topic is of particular importance to French President François Hollande, as well as to French government spokesman and Minister of Agriculture Stéphane Le Foll.

Other topics of discussion were the development of electric mobility and the acceleration of the greening of the energy mix of large countries such as China.

Summary of Side Event “Structuring New Markets Linked to Climate Change: South-South Business Models for After the COP22”

The Side Event “Structuring New Markets Linked to Climate Change: South-South Business Models for After the COP22”  was organized in the Green Zone of the COP22 on November 16, 2016. The speakers included: Thomas Eymond-Laritaz, Director – APCO Global Solutions (Moderator); Abdeldjellil Bouzidi, Economist, Manager at Emena Advisory, Member of the Public Statistics Authority (France); Catherine Girard, Expert Leader, Energy and Commodities Strategy, Renault; Joël Ruet, Chairman – The Bridge Tank.

This side event, introduced by Thomas Eymond-Laritaz, provided an opportunity to discuss the impact of climate change and the COP21 and COP22 on the economic and industrial sectors. A particular focus was the perspective of innovative business models created in the South-South dynamic. The idea was to anticipate future opportunities, reflect on the structuring of new and green industrial ecosystems, and examine the financial tools that will enable progress in these two areas.

 

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