European Green Deal and the Mannheim Message

At the end of 2019, the European Commission announced the European Green Deal, an action plan to make the EU’s economy sustainable.  The European Green Deal recognizes the devastation being wrought by Climate Change and environmental degradation, and considers these an existential threat to the life and livelihood of its citizens.  A little more cryptically, it also recognizes the EU needs a new growth story to turn the European Union, in its own words, into “a modern, resource-efficient and competitive economy”. 

In addition to the European-wide initiatives, decision-makers (e.g. mayors and officials) from regions, cities and towns across Europe have thrown their weight behind the need for an infrastructure overhaul, and a complete systematic and societal transformation, in a declaration called the Mannheim Message that builds on the European Green Deal at more local levels.

The goals1 of the European Green Deal are simple:

  • no net emissions of greenhouse gases by 2050;
  • economic growth decoupled from resource use;
  • no person and no place left behind

Much of the aspiration for the European Green Deal had already been discussed as far back as November, 2018, by the European Commission in its document “A Clean Planet for All”. The 1st goal, climate-neutrality, was thereafter officially endorsed by the European Parliament in March, 2019, and has become part of the EUs global commitment to the Paris Agreement.  The next step is to enshrine the Green Deal targets into a Climate Law.  This has recently been favourably voted upon by the European Parliament, but still needs approval from the Member States.  Not all Member States are as enthusiastic, with the fair distribution of commitments across countries being a potential stumbling block.

The 2nd goal, the growth story, is developing around the concept of a circular economy, where resource use breaks away from the old “take-make-waste” model that has overextended Earth’s ability to regenerate.  The hope is the new Circular Economy Action Plan, introduced by the European Commission in March, 2020 has more useful policies than previous efforts.  An initial attempt at a Circular Economy Package in 2014 was scrapped by the EU amidst complaints it was too weak and watered-down to be effective.

The action plan for the 3rd goal seems a little less well-defined.  The centerpiece is the Just Transformation Mechanism, a public-private initiative to leverage Eur 100 Billion annually towards achieving a green economy.  The focus includes facilitating employment opportunities, re-skilling, improving digital connectivity and building energy-efficient infrastructure for better health and quality of life.  It’s less than perfect, but at least indicates the type of funding available to Member States. 

The Mannheim Message, agreed upon at the 9th European Conference on Sustainable Cities and Towns in early October, 2020, does a better job of outlining the core systemic changes needed for such a fair and just transition.  These aspirations include:

  • the transformation of current local infrastructure and systems;
  • local development beyond growth and competition;
  • cooperation, solidarity and inclusion;
  • a lifestyle and culture of sufficiency and optimization;
  • re-orientation towards the common good 

None of this will be easy or straight-forward.  Words like “Herculian effort” and “tectonic shift” have been bandied around to describe what it will take to achieve.  But the cost of inaction has been deemed far higher.

Don Jurries

Featured Images:  European Commission; Mannheim Message 2020


A Brief History of Ethics-Based Investing

Ethics-based or moral investing, also referred to as Socially Responsible Investing (“SRI”), Impact Investing or Environmental, Social and Governance (“ESG”), is the practice of choosing investment strategies based on one’s values, ethics or morals, and has been around nearly as long as investing itself.  Investment considerations span a wide range of socially and environmentally problematic issues, from child-labour, gender inequality, nuclear power, animal welfare, toxic waste, health and safety, carbon emissions and so forth. Continue reading “A Brief History of Ethics-Based Investing”

Corporate Sustainability – UN Global Compact

At the turn of the millennium, the United Nations launched the Global Compact, an initiative aimed at encouraging corporate sustainability and social responsibility. While voluntary, it has grown to become the world’s largest such initiative, with thousands of businesses and various stakeholders from nearly every country participating.

The UN Global Compact has two primary objectives. First is to encourage businesses to adopt Ten Principles in the areas of Human Rights, Labour Rights, the Environment and Anti-Corruption. The second is to be a catalyst for the UN’s broader principles, such as the Sustainable Development Goals (SDGs). Continue reading “Corporate Sustainability – UN Global Compact”

Deep Adaptation

Humanity is facing an “inevitable near-term social collapse due to climate change”, according to Professor Jem Bendell at the University of Cumbria in the UK. This is the theme of a paper released in July, 2018 and which has since gone viral. The paper, entitled “Deep Adaptation” argues that the future negative consequences of climate change have been underestimated both in terms of impact, as well as timing. And that a gradual adaptation to these changes will have limited benefits. A complete societal transformation is needed or the world will face “starvation, destruction, migration, disease and war”. Continue reading “Deep Adaptation”