{"id":17920,"date":"2024-04-10T05:50:20","date_gmt":"2024-04-10T03:50:20","guid":{"rendered":"https:\/\/thesmartcityjournal.cibeles.net\/sin-categoria\/enforce-net-zero-with-global-ground-rules-say-oxford-academics\/"},"modified":"2024-11-20T12:25:52","modified_gmt":"2024-11-20T11:25:52","slug":"enforce-net-zero-with-global-ground-rules-say-oxford-academics","status":"publish","type":"post","link":"https:\/\/www.thesmartcityjournal.com\/en\/climate-change\/enforce-net-zero-with-global-ground-rules-say-oxford-academics","title":{"rendered":"Enforce net zero with global \u2018ground rules,\u2019 say Oxford academics"},"content":{"rendered":"

Academics at the University of Oxford have called for rigorous net zero \u2018ground rules\u2019 \u2013 encompassing laws, regulation and policy \u2013 to be implemented and enforced across the world, in an article published in Nature Climate Change<\/a> yesterday<\/p>\n

‘Climate pledges are not backed up by the necessary action. This \u2018implementation gap\u2019 illustrates the limits of voluntary action. As the climate crisis worsens, mandatory, legally enforceable rules could help us overcome the obstructionism that is holding back a just climate transition,’ states co-lead author Thom Wetzer<\/a>, Associate Professor of Law and Finance and Director of the Oxford Sustainable Law Programme, a joint initiative of the Oxford Smith School and Faculty of Law.<\/p>\n

‘By aligning economic rules to climate goals, governments can also give business the stability, enabling environment, and level playing field they need to decisively invest in decarbonization,’ states co-lead author Thomas Hale<\/a>, Professor of Global Public Policy at the Blavatnik School of Government.<\/p>\n

Enforceable rules have three advantages over voluntarily initiatives, the authors say. They are harder to reverse, and would help to avoid situations like the public backtracking<\/a> by fossil fuel companies on net zero following Russia\u2019s invasion of Ukraine. Secondly, mandatory rules level the playing field. ‘If one set of firms begins to decarbonize voluntarily, there is no guarantee that other firms will follow suit,\u201d explains Prof Wetzer. \u201cInstead, we may find that the activities move to a more lightly-regulated part of the economy. For example, privately held companies are immune to some of the scrutiny facing listed companies. Unsurprisingly, these firms have set fewer net-zero targets and pollute more.’<\/p>\n

Third, while voluntary systems largely rely on public scrutiny and reputational risk to drive action, mandatory rules can be enforced legally with greater ease.<\/p>\n

The research finds that the voluntary initiatives that have so far governed net zero have already set in place a ‘conveyor belt’ to legally enforceable rules. Once firms undertake voluntary decarbonization, they gain an incentive to make sure their competitors also align to net zero to avoid losing a competitive advantage. As such incentives spread across the economy, they create growing political pressure for voluntary pledges on carbon emission reduction to be turned into mandatory ground rules.<\/p>\n

‘Similarly, voluntary action and targeted litigation that forces firms to act, such as the 2021 Dutch ruling<\/a> requiring Shell to reduce emissions (which Shell is currently appealing), can work to erode the obstructionism that has blocked more ambitious climate policy in many jurisdictions,’ explains Prof Wetzer.<\/p>\n

The authors argue that voluntarily action has reached its limits, and that it is time for legally enforceable rules to be implemented globally. Wetzer cites the EU\u2019s recent agreement on its Corporate Sustainability Due Diligence Directive<\/a> as an example of the new ‘rules of the game’ around climate change. ‘The significance of this legislation is that it requires large firms to draft a plan to reduce their emissions and implement that plan. It may surprise people to learn that rules of this type are rare. Given the urgency of the climate crisis, we need to see more of them to spur people into action.’<\/p>\n","protected":false},"excerpt":{"rendered":"

Academics at the University of Oxford have called for rigorous net zero \u2018ground rules\u2019 \u2013 encompassing laws, regulation and policy \u2013 to be implemented and enforced across the world, in an article published in Nature Climate Change yesterday ‘Climate pledges are not backed up by the necessary action. This \u2018implementation gap\u2019 illustrates the limits of voluntary action.\u2026<\/p>\n","protected":false},"author":2,"featured_media":17919,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_scj_primary_category_id":70,"_scj_featured":false,"_scj_featured_from":"","_scj_featured_until":"","_scj_featured_order":0,"_scj_visibility_class":"current","_scj_layout_family":"standard","_scj_article_style":"","_scj_display_overrides":[],"_scj_intro_image_id":17919,"_scj_intro_alt":"Enforce net zero with global \u2018ground rules,\u2019 say Oxford academics","_scj_intro_caption":"","_scj_intro_class":"","_scj_intro_float":"","_scj_full_image_id":17919,"_scj_full_alt":"Enforce net zero with global \u2018ground rules,\u2019 say Oxford academics","_scj_full_caption":"","_scj_full_class":"","_scj_full_float":"","_scj_media_type":"","_scj_media_provider":"","_scj_media_external_id":"","_scj_media_url":"","_scj_media_poster_id":0,"_scj_media_width":0,"_scj_media_height":0,"_scj_media_aspect_ratio":"","_scj_media_description":"","_scj_gallery_items":[],"_scj_related_post_ids":[],"_scj_additional_authors":[],"scj_layout_family":"standard","scj_media_provider":"","scj_media_url":"","scj_full_caption":"","footnotes":""},"categories":[70],"tags":[],"class_list":["post-17920","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-climate-change"],"yoast_head":"\nEnforce net zero with global \u2018ground rules,\u2019 say Oxford academics - thesmartcityjournal.com<\/title>\n<meta name=\"description\" content=\"'Climate pledges are not backed up by the necessary action. 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