Norway’s Government Pension Fund Global dumps 114 companies on environmental and climate grounds

Responsible investment

Norway’s Government Pension Fund Global (GPFG), worth $850bn (£556bn) and world’s biggest sovereign wealth fund was founded on the nation’s oil and gas wealth. It revealed a total of 114 companies had been dumped on environmental and climate grounds in its first report on responsible investing, released on Thursday. The companies divested include tar sands producers, cement makers and gold miners.

As part of a fast-growing campaign, over $50bn in fossil fuel company stocks have been divested by 180 organisations on the basis that their business models are incompatible with the pledge by the world’s governments to tackle global warming. But the GPFG is the highest profile institution to divest to date.

A series of analyses have shown that only a quarter of known and exploitable fossil fuels can be burned if temperatures are to be kept below 2C, the internationally agreed danger limit. Bank of England governor Mark Carney,World Bank president Jim Yong Kim and others have warned investors that action on climate change would leave many current fossil fuel assets worthless.

“Our risk-based approach means that we exit sectors and areas where we see elevated levels of risk to our investments in the long term,” said Marthe Skaar, spokeswoman for GPFG, which has $40bn invested in fossil fuel companies. “Companies with particularly high greenhouse gas emissions may be exposed to risk from regulatory or other changes leading to a fall in demand.”

She said GPFG had divested from 22 companies because of their high carbon emissions: 14 coal miners, five tar sand producers, two cement companies and one coal-based electricity generator. In addition, 16 coal miners linked to deforestation in Indonesia and India were dumped, as were two US coal companies involved in mountain-top removal.

Further information: 

Information about the GPFG

http://www.nbim.no/en/the-fund/about-the-fund/

GPFG Report on Sustainable Investing

http://www.nbim.no/en/transparency/reports/2014/responsible-investment/

GPFG Consultation with Experts on Investments in Coal and Petroleum Companies

http://www.nbim.no/en/transparency/submissions-to-ministry/2015/hearin—report-from-expert-group-on-instrumets-and-investments-in-coal-and-petroleum-companies-of-the-government-pension-fund-global/

Guardian news article : World’s biggest sovereign wealth fund dumps dozens of coal companies

http://www.theguardian.com/environment/2015/feb/05/worlds-biggest-sovereign-wealth-fund-dumps-dozens-of-coal-companies

IDRC and DFID launch new program on climate change adaptation

Photo: IDRC/C. Van Rooyen​

Source: IDRC

IDRC and the UK’s Department for International Development (DFID) are funding a new program on climate change adaptation. The Collaborative Adaptation Research Initiative in Africa and Asia (CARIAA) began in 2012 and will run until 2019.

The CARIAA will support collaborative, interdisciplinary research in three climate change hot spots: large coastal deltas, river basins affected by glacial melt, and semi-arid regions. These three hot spots are especially vulnerable to climate change due to biophysical impacts and the presence of  large, poor populations. The program aims to build the resilience of vulnerable populations and their livelihoods.

IDRC and DFID have experience partnering to support research on climate change adaptation, gained during the Climate Change Adaptation in Africa program (2006-2012). Visit the CARIAA’s website for more information.

 

Summer School 2012: Climate Change

Organizers: BC3 and UPV-EHU

Dates: 9-10-11 July, 2012

Venue: Palacio Miramar Jauregia, Donostia–San Sebastián

The objective of the summer school is to offer an updated and recent view of the ongoing trends in Climate Change research in an annual basis. The school is designed to approach the main scientific topics from a multidisciplinary approach, depending on the main trends on climate change issues and allowing for an integrated view and understanding of the problem. Different editions of the school might take different approaches to study Climate Change.

This third edition will be devoted to three dimensions of challenges of climate change: international agreements, carbon finance and climate change on ecosystems.

The school is open to PhD Students, postdoctoral fellows and other researchers as well as policy makers interested in acquiring a deep understanding of climate change and the policies designed to fight it. The final aim of this summer school is to become an integral part of a European Master course offered by the UPV/EHU in a near future.

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UNEP-WCMC vacancy: Marine Programme Officer

The United Nations Environment Programme World Conservation Monitoring Centre (UNEP-WCMC) aims to put the best available biodiversity information in front of national, regional and global decision makers. The Centre is the result of a collaborative agreement between UNEP and WCMC, a UK Charity.

An exciting opportunity has arisen to join UNEP-WCMC Marine Assessment and Decision Support Programme at a pivotal moment in their development. As Programme Officer, you will support and lead technical projects in marine assessment, data provision and decision support.

This is a fixed-term role initially, however there is a possibility of this becoming a permanent role in the future.

IGB Seeks Post Doc in Fisheries Science in Berlin

Source: ICES

The Leibniz-Institute of Freshwater Ecology and Inland Fisheries (IGB, http://www.igb-berlin.de) is the principal German research centre for aquatic ecology and inland fish and fisheries research. IGB is funded by the Federal Government and the State of Berlin and is organized in the Forschungsverbund Berlin e.V. (www.fv-berlin.de) and the Leibniz-Association (www.wgl.de). IGB offers excellent labo-ratory and field facilities for interdisciplinary research and has close ties to all three Berlin universi-ties. Work by IGB combines basic and applied research as a basis for sustainable management of aquatic ecosystems and inland fisheries, including aquaculture and recreational fisheries.
The Young Investigator Group Besatzfisch (Stocked Fish Project) (www.besatz-fisch.de, see also http://www.adaptfish.igb-berlin.de) in the Department of Biology and Ecology of Fishes at IGB in conjunc-tion with the Inland Fisheries Management Laboratory at Humboldt-University of Berlin (Germany) invite applications for a 1.5 year scientist position (starting date June, 1, 2012)

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Delta Alliance Young Professionals Award

Source: Delta Alliance

In preparation for the Rio+20 United Nations Conference on Sustainable Development in June 2012, Delta Alliance invites young Delta Professionals around the world to present their solutions to the challenges which river deltas are facing. Join the competition and present your sustainable and integrated Delta solution at Rio!The award is directed to young professionals up to an age of 35 years, counted from the time when the award is granted (i.e. who were born after June 21st 1976). Participants can be students or young professionals working in a wide range of fields, e.g.

The Topic

In line with the 2012 Rio+20 theme: ‘Green Economy in the context of sustainable development and poverty eradication’, Delta Alliance is looking for innovative and creative solutions to deal with the acute challenges that deltas around the world are facing:

  • Counteracting the disruption of natural delta dynamics such as
  • Mitigating water scarcity & flooding
  • Prevent and manage pollution
  • Provision of water for food & agriculture
  • Climate-proofing of infrastructure
  • Adaptation of institutions to achieve integrated delta governance
  • Land subsidence
  • Loss of biodiversity
  • Urbanization

Proposed solutions should address two or more of these challenges in an integrated manner, which contributes to the reconciliation of social, natural and economic functions, and demonstrates the added value of integrated (spatial) planning.

The Award

The winners of the award will be invited to present their solutions in front of an international audience at the 2012 Rio +20 United Nations Conference on Sustainable Development from June 20 to 22 in Rio de Janeiro, Brazil (www.uncsd2012.org/rio20). Travel and hotel costs will be provided by Delta Alliance.

Furthermore, they will be given the chance to further develop their solution in cooperation with a tandem of an internationally renowned institute or company in the Netherlands, and in one of the Delta Alliance Wings. Delta Alliance will offer tailor- made support to create this partnership and promote the young professionals in the development of their Delta solutions.

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Vacancy: Executive Secretary at the Pelagic Regional Advisory Council

Source: ICES

Role of the Pelagic Regional Advisory Council
The Pelagic Regional Advisory Council (PRAC) was established in 2005 as one of the 7 RACs created under EU legislation to contribute to the achievement of the objectives of the Common Fisheries Policy (CFP) by providing advice on behalf of its members to the European Commission, the EU member states and the European parliament on the management of pelagic fish stocks and other related issues within the competence of the CFP. The PRAC’s members are representatives of the EU fisheries sector (e.g. ship owners, producer organisations, processors and traders) and other interest groups (e.g. environmental NGOs and recreational fishermen). The PRAC is a foundation under Dutch law and its office is situated in Rijswijk, the Netherlands. The total staff consists of the executive secretary and an assistant secretary.

Job description
The successful candidate will be responsible for the day-to-day administrative,
operational and financial functioning of the PRAC. In addition, he/she will assist the members of the PRAC in providing advice as well as represent the PRAC in external (national as well as international) forums. Preparing the PRAC meetings together with the President of the RAC and the chairmen of the Working Groups; preparing draft position papers; maintaining relationships with the European Commission, National governments and acting as a liaison between scientists and the members of the RAC to facilitate collaboration in projects in fisheries science and fisheries management will be the most important features of the role of the Executive Secretary. As such, the successful candidate will be the central driver of the work of the PRAC.

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