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Green Economy and Climate Mitigation

Topics of Relevance to Africa

Godwell Nhamo

Publication Year: 2012

Climate change is real and is impacting on economies and lives in Africa, especially rural livelihoods. The effects of the climate change phenomena have drawn bitter debate between both the developed and developing countries. To address some of the concerns, the authors identified topics of relevance to Africa, among them: discourses surrounding the green economy and sustainable development; financing green economies; carbon benchmarking; role of multilateral development banks in carbon financing; and carbon taxation. The book mainstreams climate change into ëunfamiliarí territories, such as accounting, fi nance, management, education, economics and banking.

Published by: African Books Collective

Title page

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Copyright page

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Contents

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pp. iii-vi

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Foreword

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pp. vii-ix

In recent years, with the increasing focus on issues of sustainability, climate change and the environment, the colour green has taken on new meanings. How often have we read, heard or spoken about green buildings, green financing, green jobs, greenwashing, green accounting, green schools, green agriculture, green tourism, green politics, green procurement, green business and green cars? ...

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Preface

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pp. x-

This book addresses current thinking in the field of sustainable development, and in particular the transition to a green global economy and its implications for Africa. Although the book is a direct product of the Exxaro Chair in Business and Climate Change, hosted by the Institute for Corporate Citizenship, which falls within the College of Economic and Management Sciences (CEMS), its production is the result of efforts ...

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Acknowledgements

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pp. xi-

The Green Economy and Climate Mitigation book project leader and editor, Professor Godwell Nhamo, wishes to thank the following organisations and people for their generous support financially and in kind. Exxaro Resources Ltd is hereby acknowledged for its financial support since 2008, now running in the second phase from 2011– 2015. ...

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About the sponsor and the Exxaro Chair in Business and Climate Change

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pp. xii-xiii

Exxaro Resources Ltd is one of the largest South African-based diversified resources companies, with a well-balanced portfolio including coal, mineral sands and base metals, with a significant indirect interest in iron ore. It is a top 40 company listed on South Africa’s securities exchange, the JSE Limited. ...

About the contributors

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pp. xiv-xvi

Abbreviations and acronyms

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pp. xvii-xxii

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1. The green economy and climate change. Risks and opportunities for Africa

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pp. 1-12

The first decade of the twenty-first century was characterised by breakthroughs in terms of creating platforms that enhance the implementation of sustainable development. These include surges in green consumerism, high awareness levels of carbon emissions and carbon footprints, a degree of urgency in addressing sustainable development and establishing the close link between the climate change crisis and ...

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2. The green economy and sustainable development. Towards a common understanding

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pp. 13-41

Paradigms come and go. One emerging paradigm that seems to have found easy global acceptance is that of the green economy. Volumes upon volumes of literature on this subject have emerged since 2008, a year known for the global financial meltdown. As the green economy takes root across all the economic sectors and many political ...

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3. Environmental financing through green stimulus packages. Challenges and opportunities

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pp. 43-63

As the world battles with climate-change realities, another global battle, ushered in by the global financial and credit crises, emerged during the second half of 2007. For some time, the world has been focusing on addressing climate change through appropriate mitigation and adaptation measures. ...

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Chapter 4. Carbon benchmarking and accounting

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pp. 65-88

Writing on the subject of international carbon accounting and drawing lessons for Africa is highly relevant today, given that levels of awareness in this field have risen. This is an area supported by the United Nations Framework Convention on Climate Change’s (UNFCCC) 17th Session of the Conference of Parties (COP17), hosted in Durban in November/ December 2011. ...

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Chapter 5 - Carbon assets in a contested global climate policy regime

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pp. 89-101

Individuals, corporates, financing institutions and governments worldwide are finding new ways of addressing climate change. Opportunities and new methods include the concept of carbon assets and engagement with the carbon market. The focus of this chapter is to understand what ...

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Chapter 6 - Carbon pricing incap-and-trade systems. International perspectives and lessons for Africa

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pp. 103-129

A critical issue of the twenty-first century will be how to reduce natural disasters that have been proved scientifically to emanate mainly from intensive industrial and other human activities on a scale that harm the environment. These activities are damaging to the environment, leading to ultra-climatic activities that now endanger the survival of the human race. ...

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Chapter 7 - Multilateral development banks. In climate and carbon asset financing in Africa

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pp. 131-159

Africa needs about $22–31 billion annually until 2015 and then $52–68 billion annually until 2030 to finance the Millennium Development Goals and disaster response, and to meet the objectives of climate change adaptation and mitigation.1 Lattanzio2 comments that the multilateral development banks (MDBs) are now major players in global climate and carbon asset financing. ...

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Chapter 8 - Financing REDD in Africa

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pp. 161-191

Reducing emissions from deforestation and forest degradation plus (REDD ) makes developmental, political, social, environmental and economic sense. To this end, the global governance system, national entities and the non-governmental sector (NGOs) have been advocating the institution of a system that will quicken the implementation of REDD projects in developing and emerging economies, particularly in Africa. ...

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Chapter 9 - Towards climate-compliant trade regimes. The case of South Africa

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pp. 193-215

In October 2009, news reports in South Africa revealed that China had just overtaken the US as South Africa’s key export destination. Figures used were for the first half of 2009 (H1 2009). This chapter looks closely at the subject of climate-complaint trade regimes, addressing it holistically for South Africa. Its focus is an analysis of exports, imports and ...

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Chapter 10 - Carbon taxation in the context of environmental decay and climate change

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pp. 217-250

The role that carbon taxes play as an interventionist tool in mitigating the effects of climate change is uncertain. The reasons are that implementation of such taxes is relatively recent, and they also compete with other environmental policy measures. In an ongoing ‘battle’, carbon taxes have to compete ...

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Chapter 11 - Looking ahead Africa’s future in a green global economy

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pp. 251-260

Th ere is no doubt that African governments need to pay particular attention to the demands of the current and future green global economy. Such an economy is mainly driven by the desire to reduce greenhouse gas (GHG) emissions and mitigate the negative impacts of climate change. ...

Back cover

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E-ISBN-13: 9780798303088
Print-ISBN-13: 9780798302937

Page Count: 284
Publication Year: 2012