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World Environment Day

Padraic Larkin - Saturday, June 04, 2011

The United Nations has designated 5 June as World Environment Day (WED) with a special emphasis on forests.  The theme is ‘Forests: Nature at your service’ to highlight the environmental, economic and social roles played by the world’s forests.  India is the host nation for WED 2011 and there are many events planned to raise awareness of the damage done through deforestation and of the need to manage forests in a sustainable way.

About 30% of the land on earth is covered by forests.  Across the world humans are cutting down forests at an estimated rate of 13 million hectares per year - that’s over 32 million acres of trees disappearing each year.  The impact of this rate of deforestation is not just habitat loss.  Trees act as carbon sinks and absorb the greenhouse gas, carbon dioxide, from the atmosphere.  There is more carbon stored in forests than in the entire atmosphere and when trees are cut down to make way for farmland that stored carbon is released back into the atmosphere as carbon dioxide.  The United Nations stated, in their latest assessment report, that reducing or preventing deforestation would have the largest and most immediate impact on climate change in the short term.

Forests are also the most diverse ecosystems on land, because they hold the vast majority of the world's terrestrial species and rain forests are among the oldest ecosystems on Earth. Only a fraction of known species has been examined for potential medicinal, agricultural or industrial value and many are lost to extinction before they can be investigated.

For more information on WED 2011 have a look at http://www.unep.org/wed/

Here in Ireland the Environmental Protection Agency has organized a competition on Twitter to mark WED 2011.   The public are asked to follow the EPA on Twitter and, using the hashtag #WEDIreland, send a tweet advising on a positive action they can take on World Environment Day to help protect the environment.  The competition is open until noon on Wednesday next 8 June and the prize for the best entry is a hotel break in one of Ireland’s Green Hotels to the value of 250 euro. 

See http://www.epa.ie/news/pr/2011/name,30968,en.html  for more details.

Rain Forests and Climate Change

Padraic Larkin - Monday, April 25, 2011

Tropical rainforests are the lungs of the planet and play a vital role in regulating levels of carbon dioxide in the atmosphere.  Deforestation is a major cause of increasing levels of this greenhouse gas in the atmosphere and various efforts have been made, with little success, to curtail the activities of loggers and ranchers who slash and burn vast areas of tropical forest each year.

Now Guyana, a South American country on the Atlantic coast north of Brazil, has entered into an agreement with Norway to keep its tropical forests intact in return for a cash payment.  Each year Norway will make a payment to Guyana provided the tropical forests are not destroyed and Guyana will use the money on a range of sustainable projects.  In 2011 some $40million is being transferred and the money is being used to install solar panels on houses of indigenous people, to link remote communities to the internet and for other sustainable projects in the area of health, education and business. The total amount of money to be transferred will be calculated on the basis of how successful Guyana is in preventing deforestation but will run into hundreds of millions of dollars over the next 5 years.

This initiative could provide a template for other countries in the developed world to recognize the priceless services that rain forests provide to the entire world.  It can also assist poor countries such as Guyana to make it more profitable to keep the forests intact rather than to cut them down.

Meanwhile, back in Ireland, the Environmental Protection Agency has published its forecast for greenhouse gas emissions up to 2020.  The emissions projections are calculated on the basis of the best available economic forecast.  Because of the economic slowdown Ireland will be able to meet its commitments under the United Nations Kyoto Protocol for the 5-year period from 2008 to 2012.  However it will not be able to meet commitments made under the EU Commission’s Energy and Climate Package which commit member states to legally binding emission limits up to 2020.  Even using the best scenario the annual limits will be breached by 2016 and could amount to 8.8 million tonnes of CO2 by 2020.  If the economy recovers faster than predicted then the breach could be even higher than that.

The figures show that we should not rely on an economic recession to meet our climate change obligations.   Instead, we should use this time to develop and implement a new energy strategy that is not dependent on imported fossil fuel.  Fortunately we have the natural resources of wind, wave and tide to free us completely from the stranglehold of the fossil fuel industry.  Using a combination of wind power and pumped water storage we can eliminate our fossil fuel bill of over six billion euro each year.  If our new Government has the foresight and courage of its predecessors, who built the hydro –electric station at Ardnacrusha in the 1920s as the country took its first steps into independence, then we, like Guyana, could become an example for the world.

Ethical Investments

Padraic Larkin - Wednesday, September 29, 2010
Ethical or socially responsible investments dates back to the Quaker movement in the 18th century and has been practiced to good effect since then against perceived evils such as tobacco, alcohol, weapons, apartheid and war. In recent times ethical investment have focused on environmental issues and on the rights of indigenous people around the world and is a valuable tool when other forms of persuasion fail – money talks.
In August one of the world's largest institutional investors, the Norwegian Government Pension Fund, sold all its shares in a Malaysian timber corporation, Samling Global, after an investigation by the Norwegian Ministry of Finance found the corporation responsible for systematic illegal logging on Borneo.

The probe was conducted by the Government Pension Fund's Council on Ethics and documented "extensive and repeated breaches of the licence requirements, regulations and other directives in all of the six concession areas that have been examined. Some of the violations constitute very serious transgressions, such as logging outside the concession area, logging in a protected area that was excluded from the concession by the authorities in order to be integrated into an existing national park, and re-entry logging without Environmental Impact Assessments."

The Norwegian Minister of Finance, Sigbjorn Johnsen, said that Samling's forest operations in the rainforests of Sarawak and Guyana contribute to illegal logging and severe environmental damage“ and he had therefore chosen to exclude the company from the government's investment portfolio.

Samling is one of the companies that are responsible for the large-scale logging of primary rainforests and for the destruction of the livelihood of indigenous communities who depend on the forests for survival.
If you are lucky enough to have money in an investment account you should have a word with your bank or broker and find out where your money is invested. There are many options for ethical investments available to Irish people and, by switching your investment, you can get a good return financially, socially and environmentally – the so called triple bottom line.

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