Climate Change

Debt-for-Nature Swaps: A Win-Win for Climate and Development

Debt-for-nature swaps are making headlines as a form of climate finance that reduces a country’s debt in return for environmental commitments. With the cost of mitigating climate change estimated to be between $3-6 trillion a year globally by 2050 according to International Monetary Fund (IMF), innovative financial mechanisms like debt-for-nature swaps are crucial for supporting developing countries in their transition to a more sustainable and climate-resilient economy.

What are Debt-for-Nature Swaps?

These are financial instruments that allow countries to free up fiscal resources to combat climate crisis and protect nature and biodiversity. By doing this, countries can focus on sustainable development without incurring heavy financial burden. Creditors provide debt relief in return for a government’s commitment to decarbonize the economy, invest in climate-resilient infrastructure, or protect biodiversity.

For instance, a debt for nature swap can be an agreement between a creditor (bank or lending government) and debtor (developing country) to allow portions of a debtor’s foreign debt to be forgiven. This is done in exchange for commitments to invest in biodiversity conservation and environmental policy measures. This is most common in instances where debtor countries are at a high risk of defaulting loans and payments.

What are the benefits of debt-for-nature swaps?

A General Illustration of a Debt-for-Nature Swap by Christoph Nedopil

Debt-for-nature swaps offer several benefits. For debtor countries, they provide an opportunity to reduce external debt while investing in environmental conservation and climate change mitigation. For creditor entities, they offer a way to absolve themselves of high-risk debt relations. For the environment, they provide a means to protect biodiversity and promote sustainable development.

Challenges and Limitations

Despite the benefits, debt-for-nature swaps also come with challenges and limitations. Concerns have been raised about the potential risks associated with fluctuating exchange rates, inflation, and fiscal or liquidity crises in debtor countries. Additionally, there are concerns about debtor countries’ potential loss of legislative leverage and sovereignty to foreign entities, especially when bilateral or multilateral swaps are employed. These bonds and swaps can be set aside in favour of the agenda of the creditor and may not align with local conservation needs.

Debt relief can also lead to mismanagement of resources and the risk of corruption especially in low-income countries with a tendency to favour the elite and exclude communities at the grassroot that are primary custodians of natural resources.

Case Studies

Several countries have successfully implemented debt-for-nature swaps. For example, in 1987, Conservation International arranged the world’s first debt-for-nature swap, forgiving a portion of Bolivia’s foreign debt in exchange for the Bolivian government setting aside 3.7 million acres of land adjacent to the Amazon Basin for conservation purposes. In Africa, Seychelles in collaboration with United Nations Development Programme (UNDP), the Global Environment Facility, Global Environment Facility, and the Nature Conservancy was able to protect up to 400,000 km² of ocean through a debt forgiveness of $27 million.

Conclusion

Debt-for-nature swaps offer a promising approach to addressing the climate crisis while promoting sustainable development. While there are challenges and limitations to be addressed, the benefits of debt-for-nature swaps make them an important tool in the fight against climate change. As the global community continues to seek innovative solutions to the climate crisis, debt-for-nature swaps are likely to play an increasingly important role.

Sustainable Living

Is Your Favourite Brand Really ‘Going Green’?

‘Going green’ sells, more and more people are willing to spend more on a product or service if it comes from a sustainable company, which ideally should be a plus for the environment. However, this has taken a turn for the worst and has led to the perpetuation of greenwashing among companies and corporations.

WHAT IS GREENWASHING?

Greenwashing occurs when an organization or company devotes their time and resources to marketing their products and services as environmentally friendly when they are not, instead of actually implementing environmentally friendly practices.

Globally, more people are becoming environmentally conscious, therefore they lean towards purchasing goods and services that are green. This is coercing companies and manufacturers to shift towards eco-friendly products to attract these consumers. However, some companies’ description of their products’ sustainable qualities may be irrelevant, exaggerated, or false.

For example, some companies still continue to label products as chlorofluorocarbons-free (CFC-free) yet CFCs were banned and are no longer in use. This information while true, is irrelevant to the product. It is only included to make consumers believe that the company is environmentally conscious.

Greenwashing may sound harmless, but it can be potentially dangerous. Consumers are misled into purchasing products that are described as eco-friendly but, the company has not taken any steps to abide by environmental standards leading to further pollution, emissions, and unsustainable utilization of resources. It exploits genuine environmental concerns thus creating confusion and scepticism towards genuine eco-friendly products.

In addition, companies may focus on the positive environmental aspects of their business and leave out the negatives. These companies are aware of the negative impact their business have on the environment and choose to focus on the positive impact they have made or intend to make. Companies in the petroleum industry have been known to do this in their advertisements. The companies may mislead consumers into believing that if they pay extra for their fuel, they will be contributing to the protection of forests from logging yet there is no guarantee that it will be done.

When companies resort to greenwashing, they use buzzwords that tend to be vague to appeal to the consumer. These companies use words such as sustainable, recyclable, biodegradable, cruelty-free, non-toxic, and eco- or environmentally friendly. It is important that one takes special attention to identify these instances of greenwashing.


                                    Vague statements used in greenwashed products (Photo by CulinaryLore)

WAYS TO SPOT GREENWASHING

You should do your part by calling out greenwashing when you spot it and spend your money on brands that are legitimate. One can identify greenwashing through:

  • Images that give an impression of nature or marketing products in a visually pleasing package i.e., leaves, rivers, mountains.
  • Emphasis on one green feature of a product and omitting the negative features.
  • Greening of a dangerous product to make it appear safe or clean or claiming it has environmental benefits when it doesn’t.
  • Sharing unsupported claims with zero evidence to support that a product is clean or organic.
  • Jargon or information that cannot be easily understood by the average person; only scientists can understand.
  • Stating that they are greener than other companies. This should be substantiated with evidence.
  • Falsifying certifications or labels to mislead consumers. One should seek out products with trusted certifications.
  • Be on the lookout for marketing language that doesn’t overstate or imply a more significant environmental benefit than it could be. Marketing should be clear on whether they are referring to the packaging, the product itself or a part of it.

GREEN MARKETING

Companies should employ green marketing if they are genuinely ‘going green’. Green marketing is the marketing or advertising of products that are legitimately produced through environmentally friendly practices. The products and services are produced in a transparent and honest way by following the guidelines listed below:

  • Should be free of toxic and ozone depleting substances,
  • Should be easily repaired or reused,
  • Should not use excessive (non-biodegradable) packaging,
  • Should be made from renewable and biodegradable material,
  • Should be manufactured in a sustainable fashion,
  • Should be recycled or produced from recycled material and,
  • The company should offer an end-of-life program for its products.

If a company markets themselves as green, it should have the appropriate documentation and certification to prove this. Furthermore, it is easy for green marketing to turn to greenwashing if the organization does not stick to the environmental standards, they have set for themselves.

I believe we should take it upon ourselves to do the necessary research to find out if the green products we buy are genuinely environmentally friendly and go a step further by calling out any false claims made by companies.

Food

The Truth About Food Waste

Presently, we have become such a wasteful generation. When it comes to water, fashion and even food. The worst part about wasting food is that more than 820 million people have no access to sufficient food. Let us take a look at the extent of food waste in the world.

Food waste is the amount of food that is discarded or thrown out at consumer or retail level. Basically, when people throw out food they don’t want to eat or leave it to spoil.

On the other hand, food loss is the amount of food lost during the harvesting and pre-processing stages. In Africa, food is lost due to lack of proper infrastructure in the harvesting, processing, and storage stages, due to financial, managerial, or technical constraints.

About one third of food produced globally is lost or wasted every year. This equates to roughly 1.4B tones of food. In high income countries the estimated worth of their food waste is USD 680B and 310B in developing countries. In medium and high-income countries, food is wasted in later stages in contrast to developing countries where there is reduced wastage due to low purchasing power and supply.

In developed countries, more than 40% of food waste occurs at retail and consumer levels and is heavily determined by consumer behaviour. Great quantities are lost due to the cosmetic appearance of food. Contrastingly, 40% of food losses in developing countries occur at post-harvest and processing levels as mentioned above. The most wasted food type in the world is fruits and vegetables. According to the UN, about half of all fruits and vegetables produced are wasted.

Effects of food waste

Food loss and waste result in the misuse of resources. These include water, seeds, feeds, land, energy, and labour. It is estimated that half the water used to produce this food is wasted. It also leads to the emission of greenhouse gases that contribute to global warming and climate change. According to FAO, 8% of greenhouse gas emissions is from food waste. Discarded food is taken to landfills where it rots and produces methane gas that is a major greenhouse gas.

What countries can do

Ironically, 690 million people around the world are undernourished while so much of the global food supply is lost. It is projected that food waste will continue to rise in coming years if nothing is done about it. The limited transparency about the extent of food loss and waste in the food chain coupled with the lack of awareness among food providers and consumers is further exacerbating the issue. Coordination between producers and processors would greatly reduce food loss and waste.

Finding a beneficial use for food that is thrown away is a useful measure to decrease the amount of loss and waste – recycling food. In addition, manufacturing industries could repurpose and recycle unmarketable crops, by products or waste into other products such as biofuels or animal feeds.

Cold chain is a great technology that can reduce food waste. It involves a series of refrigerated production, transport and distribution activities. This could work to prolong and extend the shelf life of food. However, it is not easily available in emerging economies.

Farmers should be trained on how to protect crops from pests, diseases and weeds. This could reduce loss during harvest.

Retailers should sell imperfect fruits and vegetables at discounted prices.

What you can do

  • Buy what you need: avoid impulse buying or steering off your grocery list
  • Use old products before opening new ones.
  • Buy imperfect fruits – oddly shaped or bruised produce are often thrown away because they do not meet cosmetic standards. Old fruits and vegetables can be used in desserts, smoothies and juices.
  • Store food well: put older products at the front of the fridge or store and newer ones at the back to prevent food spoilage. Garlic, potatoes, tomatoes, cucumbers and onions should never be placed in the fridge but at room temperature. Foods that produce ethylene gas should be separated from the others that do not. Ethylene gas promotes ripening in foods. Examples of foods that produce it are tomatoes, bananas, avocados, pears, and green onions.
  • Understand food labeling. Understanding the difference between ‘best before’, ‘use by’ and ‘sell by’ can help prevent a lot of food waste. In some cases food may still be safe to eat past the ‘best before’ date but the ‘use by’ date indicates that it is not safe to eat. ‘Sell by’ is supposed to inform retailers when the product should be sold or removed from shelves.
  • Avoid throwing away food. Take leftovers and turn it into compost. This will create nutrient rich manure for your garden and prevent organic waste from ending up in landfills.
  • Support local farmers, markets, and small businesses in your community. This can help fight pollution from long distance deliveries.
  • Eat the skin of fruits, vegetables and chicken. There are a lot of nutrients in the outer layer of potatoes, chicken skin, carrots, mangoes, and cucumber therefore avoid binning them.
  • Practice portion control when preparing dishes and serving. Only serve the amount of food that you can finish to avoid wasted food on the plate.
  • Donate food to local charities and people in need.

For many, food waste has become a major problem by buying more than we need and letting food go to waste. The importance of reducing food loss and waste is that it can increase incomes and improve access to food for vulnerable and disadvantaged groups in high-risk regions. By eliminating the food loss and waste problem, we can also curb its growing carbon footprint.

 

Sustainable Living

7 eco-friendly landscaping ideas for your yard!

Landscaping is the process of making your garden or yard more attractive by planting trees, flowering plants and shrubs in an appealing manner. This is an ideal way to beautify your lawn and have a nice part of your house that you can enjoy spending time. Especially, if you are like me, and love to spend time outdoors reading a good book.

A well-maintained landscape is not only pleasing to the eye but is also advantageous to the surrounding environment. The benefits include water filtration, prevention of erosion and reducing dust. Plants and trees also provide shade, absorb carbon dioxide and release oxygen.

Landscaping tends to be expensive and harmful to the environment; but here are a few ways you can ensure your lawn is cultivated in an eco-friendly way.

1. Native plants

When selecting plants and trees to grow in your yard one should consider native plants. Native plants are a good choice for two reasons 1) they are acclimatized to local climates and rainfall patterns and 2) they are beneficial to local wildlife such as pollinators. They require minimal maintenance because they are naturally resistant to local pests and diseases and seldom need the application of fertilizer and pesticides. An example of a native tree to Kenya is the Meru oak.

2. Habitat for wildlife

Make sure to include flowering plants, vegetables and herbs to your garden. Flowering plants provide pollen and nectar for pollinators and beneficial insects. By planting plants of various species, you can create a mini refuge for pollinators, birds and small animals.

3. Xeriscaping

Xeriscaping is a form of landscaping that reduces the need for watering(irrigation). Succulents or drought resistant grass are the most suited for practicing xeriscaping because they tend to be resistant to drought and have water storage adaptability. You do not necessarily have to live in a drought prone area to do this but it is an ideal way to reduce water and overall lower water bills.

Examples of drought resistant grass include Kikuyu grass, Buffalo grass and Bermuda grass. And succulents – Aloe Vera plants and Echeveria elegans.

Plants with similar water requirements should be placed in one part of the garden for efficient irrigation. This will also reduce over watering of plants that do not need extra water.

Succulent

4. Water harvesting

Harvesting rain water is a great way to collect and conserve water for future use. This water can be used for watering gardens and lawns. The rain water can be collected using barrels or by setting up a system of pipes that connect the gutters to a water tank (water harvesting system). Using rainwater for irrigation will reduce the need for household water hence there will be a saving on water bills.

5. Minimize the use of fertilizers and pesticides

Before turning to synthetic fertilizers, consider using organic manure or compost in your garden. Compost and manure contain all the nutrients your plants require and will not lead to soil and water pollution like chemical fertilizers.

Similarly, opt for Integrated Pest Management (IPM) instead of chemical pesticides. IPM involves attracting or introducing beneficial insects into your garden that will feed on pests without causing damage to the plants. The most commonly used insects are ladybirds, praying mantises and spiders. Just like chemical fertilizers, pesticides pollute soil, water and air so it’s best to limit their use.

6. Composting

Composting reduces the amount of organic waste that ends up in landfills and converts it into a natural and free fertilizer for your garden. It is easy to make at home provided you have soil, a compost bin and warm area. Fruits, vegetables, eggshells and newspapers are examples of organic waste that can be used to make nutrient rich compost.

7. Alternatives to natural grass

Natural grass can be very difficult to grow and maintain; but this can be remedied by finding other alternatives of natural grass such as synthetic grass, hard-scaping and ground cover.

Synthetic grass requires zero maintenance and is safe for kids and pets, and it can keep its appearance for a long time.

Hard-scaping involves cutting back on the size of the lawn to set up either a pathway or gazebo. A gazebo would be a lovely place to entertain guests or have lunch.

Ground cover is usually over-looked in gardening but can be useful to your lawn. Instead of planting grass throughout the lawn you could try planting ground cover (moss, thyme and clovers) in one section. The benefits of groundcover are prevention of erosion and weed establishment.

Pathway on a lawn

So here are a few sustainable landscaping tips to incorporate to your lawn. Have you tried any of these tips before? Let me know in the comment section below.

Sources

https://www.loveyourlandscape.org/expert-advice/eco-friendly-landscaping/designing-your-landscape-for-wildlife/10-ideas-for-a-sustainable-landscape/

 

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