19.10.2014 Views

Download Publication - Rio+20

Download Publication - Rio+20

Download Publication - Rio+20

SHOW MORE
SHOW LESS

Create successful ePaper yourself

Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.

30<br />

GREEN ECONOMY<br />

Challenges and<br />

opportunities<br />

The necessarily<br />

systemic character<br />

of the transition to a<br />

green economy<br />

Alexandre d'Avignon<br />

Luiz Caruso<br />

capacity worldwide. Such steps clearly involve external intervention, which<br />

might hinder innovative solutions related to sea culture and other practices<br />

aimed at restocking the oceans, rivers and lakes.<br />

The fifth sector, ecotourism, improvements would lead to local economic<br />

development and poverty reduction. The greening of the sector would increase<br />

local community participation, especially the poor, in the tourism value chain,<br />

thereby reducing poverty. Tourism activities often have no commitment to local<br />

activities and, instead, frequently degrade areas where local communities carry<br />

out those activities. It will be necessary to provoke a fairly sharp transformation<br />

in the culture of this sector to ensure that tourism becomes a vector for poverty<br />

alleviation.<br />

With respect to renewable energy and energy efficiency, the sixth sector,<br />

the growing supply from renewable sources reduces the risks of increasing the<br />

volatile prices characteristic of fossil fuels, and also helps to mitigate emissions<br />

of greenhouse gas emissions. There would be considerable potential for growth<br />

in this sector, through investments in renewable energy, including second<br />

generation bio-fuels. In this case, greening would require that investments<br />

migrate from carbon-intensive technologies to clean energy and energy<br />

efficiency improvements. Investments in renewable energy and energy policies<br />

could improve the living standards and health of populations.<br />

Until the outbreak of economic crisis, investments in alternative sources<br />

of renewable energies and energy efficiency (excluding nuclear sources and<br />

large hydropower projects) were steadily growing. In 2004, they totaled US$ 46<br />

billion and had multiplied almost five times by 2008, reaching US$ 173 billion,<br />

or nearly 10% of global investments in energy infrastructure according to the<br />

UNEP publication. Just in power generation, renewable and energy efficiency<br />

achieved 42 GW of the capacity installed in 2008, nearly a quarter of the total<br />

(190 GW) installed that year. The growth of investments, which range from<br />

private and public R&D to programs in private companies and government<br />

agencies, were closely associated with distributed generation, in which the<br />

small decentralized units are prioritized over centralized production.<br />

Nº 8 • June 2011<br />

According to the IPCC, to stabilize CO 2 e concentrations at a level of 450 ppm<br />

by 2030 will require a reduction of 60% in CO 2 e emissions in relation to 1990.<br />

This challenge means that, within a few decades, a complete restructuring of the<br />

planet´s energy infrastructure will be required. Although not precisely estimated,<br />

according to the Stern Report these changes would absorb approximately 1% of<br />

global GDP. If we take into account the overall GDP of 2007 of US$ 54 trillion,<br />

this would mean required investments of US$ 540 billion per year. Another<br />

estimation in 2008 by the International Energy Agency indicates a need for<br />

annual investments of US$ 550 billion in alternative renewable energy sources<br />

through 2030 to stabilize concentrations at 450 ppm CO 2 e. In the case of New

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!