{"id":371081,"date":"2024-04-11T08:57:05","date_gmt":"2024-04-11T08:57:05","guid":{"rendered":"https:\/\/sandbox.lightsourcebp.com\/?p=371081"},"modified":"2024-12-12T12:13:37","modified_gmt":"2024-12-12T12:13:37","slug":"world-economic-forum-brief-clean-energy-as-a-catalyst-for-a-nature-positive-energy-transition","status":"publish","type":"post","link":"https:\/\/sandbox.lightsourcebp.com\/gr\/news\/world-economic-forum-brief-clean-energy-as-a-catalyst-for-a-nature-positive-energy-transition\/","title":{"rendered":"World Economic Forum brief: Clean energy as a catalyst for a nature-positive energy transition"},"content":{"rendered":"
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World Economic Forum brief: Clean energy as a catalyst for a nature-positive energy transition<\/h1>\n <\/div>\n <\/div>\n <\/div>\n\n
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Environmental benefit is a key driver in the work to create responsible solar power. As our crucial solar and renewable energy infrastructure is built, there is an increasing focus on how biodiversity loss can be both prevented and even reversed at all stages of a project lifecycle. How can utility-scale renewable energy projects leave ecosystems in better shape than they found them<\/strong><\/p>\n\n <\/span>\n <\/div>\n <\/div>\n <\/div>\n\n

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Clean energy: Delivering a positive impact on nature, and benefitting from it<\/h2>\n

We are proud to have contributed to the World Economic Forum<\/a> (The Forum) briefing document: Clean energy as a catalyst for a nature-positive energy transition<\/a>.<\/em><\/p>\n

The World Economic Forum, through its initiatives in the Center for Energy and Material<\/a>, is mobilising collaborative actions to deliver a rapid and responsible energy transition, while the Center for Nature and Climate<\/a> has been focusing on ensuring that this transition will contribute to the protection, restoration and regeneration of natural ecosystems.<\/p>\n

In 2023, the Clean Power, Grids and Electrification<\/a> programme, supported by the Ocean Action Agenda<\/a>, convened experts and leaders from more than 60 organisations representing business, NGOs, philanthropy, and academia to collectively identify approaches and best practices for a rapid and responsible energy transition.<\/p>\n

Key highlights<\/h2>\n

Six ways to enable a nature-positive energy transition<\/h3>\n

The Forum’s brief identifies six key drivers\u202fto clean energy expansion with “a net positive impact on biodiversity”:<\/p>\n

1. Government action and policy<\/strong><\/p>\n

“Policy mandates and regulatory requirements remain among the strongest drivers for nature-positive action…Policy reforms can also help guide business decisions. For example, England’s new Biodiversity Net Gain mandate, enforced since 2024, establishes a regulatory requirement for all new developments to achieve a minimum 10% biodiversity net gain.”<\/p>\n

2. Measurement frameworks<\/strong><\/p>\n

“A common language and site-specific measurement system for the clean power industry…would help businesses benchmark progress, support an objective definition and assessment of non-price criteria in renewable energy tenders as well as requirements in the permitting process, inform investments and improve reporting.”<\/p>\n

3. Visionary leadership setting and delivering ambitious goals<\/strong><\/p>\n

“Although 80% of CEOs feel that they have a strong understanding of their business impact on biodiversity, only 35% are initiating nature protection and\/or restoration…In addition to company-level targets, a sectoral approach can help address the impacts and dependencies that different parts of the economy have on nature and biodiversity.”<\/p>\n

4. Partnerships for collective action<\/strong><\/p>\n

“Addressing the nexus of energy, climate and biodiversity is new territory for many leaders. Cross-functional collaborations and partnerships to test and scale-up efforts, learn from experience and develop best practices are critical to accelerate the development of new solutions, approaches, and tools.”<\/p>\n

5. Innovative financing<\/strong><\/p>\n

“Innovative financing is key in implementing and scaling up nature conservation and restoration initiatives within clean energy deployment…Solutions include Debt-for-Nature swaps, Biodiversity Credits and Certificates, Green Bonds, Payments for Ecosystem Services (PES) as well as other incentives, such as tax incentives, subsidies, or market-based mechanisms to encourage biodiversity conservation and restoration.”<\/p>\n

6. Data, technology and innovation<\/strong><\/p>\n

“Data is critical to understand the local environment, monitor the projects\u2019 local and global impact and to make informed decisions.” Examples include:<\/p>\n