The Club of Rome commends the EIB for its progressive leadership in confronting the Planetary Emergency
15th November 2019, Brussels – The Club of Rome applauds the EIB’s landmark decision to pull out of all unabated fossil fuel financing by 2021. As the world’s largest public financing institution, last night’s decision has put the EIB on the right side of history and secured its status as Europe’s Climate Bank. It follows calls from businesses, investors, civil society and scientific institutions to stand firm on its draft proposal published in July 2019, including an open letter from The Club of Rome and 30 supporting partners.
The Club of Rome Summit 2019 took place on November 6 in Stellenbosch, South Africa. The conference brought together leading scientists, policy and decision-makers, business leaders as well as activists from around the world. More information as well as videos of the presentations will be available soon.
Club of Rome Co-president, Sandrine Dixson-Declève, reiterated the urgent need for transformational action on climate change, biodiversity loss and human health and well-being at an event co-hosted by GLOBE EU, The Club of Rome and the Ellen MacArthur Foundation at the European Parliament on 15th October.
Speaking on a panel alongside security expert, Tom Middendorp, MEP Sirpa Pietikäinen and Joss Blériot from the Ellen MaCarthur Foundation, Dixson-Declève was honest in her appraisal of the state of play: “Time is up”.
She noted that the sense of urgency has for too long not resonated beyond expert circles and that to confront the Planetary Emergency head-on, a strategic, joined-up approach is critical: “We need new champions. We need the unusual suspects. We need to be strategic and smart, and ask ourselves how we can cross-fertilise to achieve our common goals”.
She also pointed to the unprecedented opportunity at EU level to influence the direction of the European Green Deal and infuse it with the emergency and transformational thinking it so desperately needs, saying: “We have an immense opportunity at EU level as the new European semester begins. The Club of Rome’s Planetary Emergency Plan can be a reference point for the new European Commission to deliver the European Green Deal”.
30 businesses, investment groups and scientific institutions have sent a letter to the European Investment Bank, calling on it to deliver on its recent proposal to stop investing in fossil fuel projects by the end of 2020. The letter joins a similar call on the EIB from over 70 NGOs.
In its draft energy lending policy published in July 2019, the EIB recognised that achieving net-zero emissions was necessary to ensure our planet remains safely within the boundary of 1.5C of global warming. In this vein, it made a commitment to halting fossil fuel investments by the end of 2020, while focusing on the energy efficiency first principle, renewable energy and supporting a “just transition” for workers in high-carbon sectors.
The EIB proposal echoes the call to shift away from fossil fuel investments in The Planetary Emergency Plan – written by The Club of Rome with the scientific support of the Potsdam Institute for Climate Impact Research (PIK). The Plan sets out 10 urgent actions in order to achieve the social and economic transformations needed to secure the long-term health and well-being of people and planet.
The signatories of the letter (which include the Potsdam Institute, We Mean Business, UNPRI, The Corporate Leaders Group) join The Club of Rome in recognising that the EIB’s pledge to pull out of new fossil energy lending has already sent an important signal to financial markets and institutions across the globe and heralds a changing tide in the flow of global financial capital.
New York – September 24th. As national leaders meet in New York for the United Nations Climate Action Summit, the Club of Rome has issued a statement proposing nations declare a planetary emergency for climate and nature in 2020. The statement – the Planetary Emergency Plan – makes the case for immediate and wide-ranging action to protect the global commons – the rainforests, ice sheets, oceans and atmosphere. At the same time, the authors say, the global economic system must undergo an equitable transformation in order to properly value a stable planet.
Download the press release here.
The impacts of climate change and ecological destruction are more severe and are manifesting themselves earlier than many scientific predictions in previous decades had foreseen. Our patterns of economic growth, development, production and consumption are pushing the Earth’s life-support systems beyond their natural boundaries. For 10,000 years, human civilisation has grown and thrived because of Earth’s remarkable climate stability and rich biological diversity. In the last 50 years, human activity has severly undermined this resilience.
The Club of Rome and The Potsdam Institute for Climate Impact Research (PIK) launch the Planetary Emergency Action Plan, making the case for declaring a Planetary Emergency and providing a set of key policy levers addressing the cross-cutting challenges of climate change, biodiversity loss and human health and well-being.
Download the Planetary Emergency Plan here.
The Club of Rome Annual Summit 2019 will take place in Stellenbosch, South Africa, on 6 November 2019.
This is an historic conference for the Club of Rome to reconnect to the Mother Continent and in the global South. The conference is an opportunity for us to harvest lessons from Africa that enabled the evolution of humanity as well as to engage with the continents great potential and to turn its vulnerabilities into opportunities through innovation and collaborative efforts leveraging our youthful population and vast spaces.
Detailed information on the conference, including program and speakers, is available here.
The European Commission’s new President has set forth an ambitious yet pragmatic goal for her Commission and Europe’s Member States. Together with health, prosperity is one of the most widely shared aspirations of humanity. Although for many today it is often confused with an insatiable longing for “always more”, in its true and deeper meaning prosperity is about recognizing that everyone around the world, regardless of geography, age, culture, religion or any other condition, aspires to live well.
Read the Club of Rome discussion paper prepared for the European Research & Innovation Days here.
Sandrine Dixson Declève is issuing a dire warning on climate change.
The Co-President of the Club of Rome says it could spell the extinction of the human race.
The complete interview is available on the website of NHK World News
Swedish climate change activist Greta Thunberg has arrived in New York to make her point at the upcoming UN Climate Action Summit. Newsline In Depth presenter Aiko Doden talked with the Co-President of the Club of Rome about the urgent need to address the climate emergency. This more comprehensive version of the video is also available on the NHK site