📊 From Sustainable Energy to Sustainable Ecosystems – Answering the Biodiversity Question 📊
The case for clean energy is clear – dependence on fossil fuels for energy will force climate change to severely impact our lands, oceans and lives. As we clear smooth highways for energy transition, we must pay close heed to the ecosystems we are clearing, in our haste.
✅ Globally, it is estimated that 1/3rd of areas with high solar and wind power potential and many of the reserves of critical minerals used in RE overlap with areas of high biodiversity value. The Zone of Influence of a project can extend outside several km of a project
✅ The World Economic Forum (WEF) estimates that USD 44 trillion of economic value generation is moderately or highly dependent on nature.
✅ The presence of plant and animal life also acts as indicators of the health of the ecosystem. For instance, the presence of the GIB is a strong indicator of the health of the grassland ecosystem which supports local communities.
✅ It is essential to improve the visibility on biodiversity impact of projects, along with costs and technical proficiency. Clean Energy project proposal submissions could contain a mandatory study on the long-term impact of the project on region biodiversity, with a scoring on biodiversity impacts of the project
Such studies can encourage actions across several pathways:
1️⃣ Supplement investment in clean energy with investment in technology solutions: HUB Ocean is leveraging its Ocean Data Platform to publicly share ocean environmental data from offshore wind farms. This visibility can offer continuous opportunities to device ways and means to safeguard biodiversity.
2️⃣ Financial Instruments such as blue bonds: This provides an instrument for investors to allocate capital towards biodiversity action in renewable energy while demonstrating to the wider financial community that there are opportunities as well as demand to invest in such initiatives.
3️⃣ Proposals have been made in Australia to visualize the country in red, green and yellow zones that highlight the critical biodiversity regions to ensure that land-use measures the impact on biodiversity.
4️⃣ Other technology solutions such as modelling movements of animals to avoid collisions and to reduce habitat loss over large areas, etc. can help drive the adoption of biodiversity interests.
✅ Let’s be clear – Renewables aren’t the “bad guys” here. There is no “bad guy” here. We might feel like we are a long way off from the interests of clean energy and nature intersecting. But the fact remains that we are constantly running out of time to secure the earth’s future. We NEED to find a way to balance multiple interests all at once – just as our planet does.
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