Snippets this week examines the role of nature in reducing greenhouse gas emissions and the potential to sequester some 12 gigatonnes of CO2 per year. Working with nature, also means we need to protect it so that it can flourish, thrive and regenerate.
Farming is also in the process of transforming itself, with regenerative agriculture high on the agenda, in an effort to improve soil quality and to grow crops that have long roots to sequester carbon. The corporate company’s Danon and Chipolte are showing responsibility for managing their supply chains regeneratively.
The investment community is also having to adapt to a need to reduce emissions and to cope with the risks posed from climate change catastrophes (Green Swan events). The bank for International Settlements recently sent a report alerting Reserve Banks of these and how they may be beyond financial redress.
Here in New Zealand, discussions are ongoing about the reform of the Emissions Trading Scheme, including whether to make companies publicly disclose their emissions. As you might expect, the reactions by business have been mixed.
We conclude with a couple of articles examining the last mile of freight transport and the future of flight in terms of an equivalent air taxi. And as our cities are always changing, what might they look like in the future?
While reducing fossil fuel use remains the most important action to limiting warming, nature-based solutions could help us meet one-third of Paris Agreement climate goal targets by 2030. Nature-based solutions (NBS) are actions to protect and sustainably manage natural ecosystems and can mitigate some 12 gigatonnes of CO2 per year. At the September 2019 Climate Action Summit in New York, New Zealand and China launched the “Nature-Based Coalition” and are now encouraging other nations to join the initiative. Read more.....
Another way to protect and manage natural ecosystems is to give the environment legal rights. Rights of Nature differ from conventional environmental protection, as communities can determine their legal rights, then enforce those rights through the courts. Globally, communities are adopting legally enforceable rights for ecosystems: the right to exist, flourish, thrive and regenerate. A local example of this is the Whanganui River which was gifted ‘person’ status by the NZ government in 2017.Read more.....
Large marginal farming areas are being abandoned worldwide as people migrate to the cities. These areas could be utilised in a number of different ways, depending on their location – some more marginal areas could be left to regenerate naturally, others could be farmed for carbon storage, either in tree plantations, or grasslands that may be more resilient to some vulnerabilities. Providing subsidies to farmers to farm trees/store carbon, paid for by fossil fuel intensive industries, sounds like a good solution.