In Sustainability: Science Before Money!

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Which will help in developing climate action on the ground and fulfilling binding international commitments, benefiting from the scholars, researchers and experts who are replete with universities and research centers. From the outset, people were not guided by the climatic disasters facing them, except for the studies of scientists that warned early on the impossibility of continuing to violate nature, which shelters people, in this unjust manner.

Scientists have provided evidence of the dangers of ignoring the effects of harmful emissions on the climate and the environment, and that nature, including the intensification of floods and hurricanes, the spread of forest fires, desertification and drought crises, with human victims and property losses, and the world wasted by the recommendation of a group of beneficiaries of the existing conditions for decades without taking decisive action Between the ignorant and the denial, and when the danger became apparent, the usual cases of confusion prevailed in the face of crises that could not be avoided, and the confusion turned into chaos with problems in managing the transition, especially in the energy and fuel security files that exacerbated with the recent Ukrainian crisis. Of course, this was not the first case in which the innocent pays the price of crises before the guilty, and it will not be the last.

It is as if nature is crying out to people to stop its destruction, warning of greater disasters that will affect the livelihoods and livelihoods if urgent measures are not taken. One of the most important of these measures is what must be followed to reduce the Earth’s temperature by not exceeding 1.5 degrees Celsius from what it was at the beginning of the industrial revolution. It is known that the Paris Agreement on the climate concluded by the world’s governments was satisfied that this increase did not exceed two degrees Celsius, but the latest scientific studies have shown that this is a major risk, especially with the increasing rises in the Earth’s temperature to actually reach about 1.1 degrees Celsius than it was before The Industrial Revolution.

It is worth noting that the pledges made by countries to the records of the United Nations would raise the temperature of the Earth to dangerous levels by an increase of 2.7 degrees Celsius, and that the new promises announced in Glasgow last November to save what could be saved in the month Last November, it will reach a reduction that will not exceed 1.8 degrees Celsius, if the promises are fulfilled and their owners are committed to fulfilling them, and as usual, the fulfillment of the covenant decreases in the absence of transparency, so whoever is safe from punishment has misbehaved and continues to violate it with other promises like the previous ones.

The complaint spread about the lack of standards that can be used in evaluation and comparison, and the phenomenon of what is known as “greenwashing” spread, with companies, financial institutions and other parties claiming their commitment to climate commitments, and then it was found that they had breached these commitments. For example, the London Financial Times reported that more than 2,900 investment funds around the world manage financial assets estimated at about $2.7 trillion. And that the criterion for attracting these financial assets is to investigate the rules of investment that positively affect the environment and society in what is known by the acronym “ESG” in English, in reference to its commitment to environmental and social considerations as well as governance. Fundraising in these areas has seen booms, with many of these funds also declaring their alignment with the priorities of climate action and sustainability. With the increase in the demand for these investments and the management of financial assets, the advisory offices working in the classification increased to rank the importance and opportunities of investments available around the world and the merit of investment funds operating in this field. But the disadvantage of these advisory rating offices is that each of them has an independent approach and different methods of evaluation, which complicates the comparison processes. It is possible for a financial asset or investment in a project to be highly rated according to the rating of one consulting office and fail in another, thus misleading investors and confusing the general public which funds are better. performance. A study by experts from the Sloan School of Management at the Massachusetts Institute of Technology indicates that these inconsistencies and differences in the bases of evaluation and classification would stand in the way of development and improvement of performance in the absence of agreement on the nature of the procedure that would improve performance or reduce risks.

New commitments to climate change from corporations, investors, cities and regions, the group that together with other non-state actors constitute the practical and operational impetus outside the relevant government departments, constitute the formal framework for negotiation. An international group of experts was formed from the United Nations to follow up and verify climate pledges, realizing that there is no way to deal with these challenges related to pledges, their implementation and the quality of investment in them except by agreeing on the concepts, standards and procedures that must be followed to deal in practice with these investments by identifying their areas and their compatibility with what they announce. and disclose it.

The international group of experts was formed by the Secretary-General of the United Nations to follow up on commitments to carbon neutrality from institutions and non-state actors. It included a number of distinguished experts in the fields of climate and environmental action, finance, development and oversight. The Minister of Environment and Climate, Ms. Catherine McKenna, was chosen to chair the group that will issue its recommendations before the end of this year in the following four areas:

First, a review of the criteria and concepts used in setting carbon-neutral goals and reducing climate-damaging emissions to zero.

Secondly, the basis for determining carbon-neutral goals and reducing harmful emissions, as well as measurement and disclosure methods.

Third, the practical steps taken to verify the soundness of the procedures and the accurate calculation to achieve the stated goals of carbon neutrality.

Fourth, identifying the roadmap for translating the agreed standards and foundations into international and national regulatory rules.

It is necessary for this group to use the competencies and expertise that the prestigious universities and research centers boast of, in order to ensure benefiting from the latest developments in science and its respect for facts and evidence. Perhaps, as we prepare for a new climate summit next November in Sharm el-Sheikh, we will build on the contributions of scientific gatherings in supporting the previous Glasgow Summit. Among these contributions was the Network of Universities for the Climate Summit, which was co-chaired by two eminent professors, Emily Schuckberg at Cambridge University, and Elisa Gilbert at Imperial College London, together with a significant group of experts and researchers from scientific institutes and universities.

If given the opportunity, scientific research institutions find that they do not stop with their specialized teams when diagnosing the disease for the causes of climate deterioration, but rather develop practical solutions to mitigate harmful emissions, reduce environmental pollutants and adapt to the effects of climate damage. And there have become feasible, low-cost technological alternatives for energy sources, means of transportation, the development of urban communities, and the expansion of manufacturing and agriculture, all thanks to investment in human capital and scientific research, strengthening its cooperation with production and business sectors in transforming laboratory experiments into large-scale projects, and achieving breakthroughs in efforts Working and guiding the political decision-maker, following up on developments in the areas of investment and fulfilling commitments, especially in the areas of adaptation that have suffered from neglect in the policies and investments required in water management, food provision, infrastructure protection, coastal areas, and rural and urban development programs.

Efforts to achieve sustainable development, which include addressing climate change, provide great opportunities for the participation of science and research departments in providing scientific solutions, developing policies and raising the efficiency of executive institutions from where the problem begins and ends at the local level, as well as at the state, regional and global levels. When these scientific solutions are stabilized and they are able to play their role, the massive funding required to achieve the goals of development, environmental protection and climate will be more assured that its paths will go astray or mislead.

* Quoted from Asharq Al-Awsat newspaper.

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All published articles represent the opinion of its authors only.

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