Tax Carbon Not Income and Reform Markets – part 2 of a #RealGreenRevolution

This is the 2nd in a 7-part essay on the type of policy innovations that would respond to the truth of the environmental predicament and, also, why most environmental professionals ignore such ideas to promote limited and limiting ideas instead. These ideas on a #RealGreenRevolution provide a contrast to current agendas, with the aim of encouraging a global environmental movement as a rights-based political force.  In this essay I focus on that sexy topic of taxation, and how to transform it to provide the price signals and funds to radically alter behaviours in fair ways.

To receive each part of the essay, subscribe to my blog, using the box on the right. To engage with other people who are responding to these ideas, either engage on the Deep Adaptation Leadership group on LinkedIn (where I will check in) or the Deep Adaptation group on Facebook, or by following the hashtag #RealGreenRevolution on twitter. The introductory Part 1 provides context.

Global Carbon Energy Tax Treaty

In 1997 one of the key ideas being discussed for how to help the whole planet reduce its carbon emissions was a taxation on carbon emissions. Using taxes to influence behaviours through market systems was something most governments had experience of and could be trialled quite easily. However, under the then US Vice President Al Gore, the delegation from the United States stopped that initiative and instead advanced the idea of creating markets for carbon permits. The resultant Kyoto Protocol started that process whereby we have witnessed polluters being given permits which they could then sell. Many environmental experts regurgitated the arguments of corporate public relations, that a cap-and-trade system would be better for the climate by identifying specific limits. Such carbon pie in our overheating sky was gobbled up by financial elites. The cap-and-trade systems have done little to nothing on carbon emissions, which have continued to rise ever faster around the world. I mention this history, as it is an example of how the mundane everyday influence of people working for corporations and governments focused on corporate interests can produce results that are ‘omnicidal’. That word means the killing of all life, and I use it because 1997 was the last chance humanity had to create a framework that could have slowed climate change sufficiently to avoid a manmade catastrophe for life on Earth. I don’t blame you Al, but the fact you are quoted with respect and excitement by environmentalists today suggests how ill informed, uncritical, timid and sycophantic to power the green movement and sector has become.

Continue reading “Tax Carbon Not Income and Reform Markets – part 2 of a #RealGreenRevolution”

Cutting Love – 4th Quarterly

Every 3 months I send an update. In my 4th I focus on listing some links for resources and events, before a few thoughts on “cutting love.” You can sign up to receive this Quarterly Bulletin.

First up, the culmination of a year’s efforts, today the UN publishes a paper I co-wrote on how Ewtonterprise Zones can contribute to the new Global Goals for sustainable development. These zones are popular with some governments, from India to the UK, but they aren’t without criticism, in terms of what they achieve. Now with changes in trade rules, Zones are going to have to come up with new ways of staying competitive. We argue that embracing social and environmental excellence is a clever response. I explained this in my article for the World Economic Forum. I was pleased to present the preliminary findings at the public forum of the World Trade Organisation (WTO) in Geneva in October, and the report is launched this week in Nairobi at the ministerial. You can read it here (pdf). I’m grateful to Dr Tony Miller at UNCTAD and also for colleagues at the University of Cumbria for supporting me to do this work.

In September I stepped back from Director of the Institute for Leadership and Sustainability (IFLAS) so I can focus on my research and teaching as a Professor of Sustainability Leadership (as part time) as well as new role with an impact investing fund. I’m pleased Dr Caroline Rouncefield is the Acting Director and joins an Institute with 5 MBAs growing well (over 2000 international students), as well as co-delivery of an MSc in Strategic Policing and a new MA in Sustainable Leadership Development. One of the last projects I worked on was to initiate a partnership with the National Trust, to promote innovation in the heritage and conservation sectors, which was recently launched with some fanfare. Our Deputy Director Dr David Murphy will lead on the project for IFLAS.

Trimantium Capital are the Impact Investors that I’ve joined the board of. Headquartered in Melbourne, Australia, it is making waves for attracting hundreds of millions of dollars into a fund directed at financial services and health technology with a clear social and environmental purpose. As the Paris climate summit started, I shared what some of us impact investors are thinking about the future of fossil fuels, in a WEF article.

Looking ahead from the winter, at IFLAS we will turn our efforts towards to the IFLAS Spring School, for two weeks in both London and the Lake District. It kicks off our new MA, but can also be attended as a stand-alone course. Lots of mid-career execs do our courses and become co-conspirators on future projects. The Spring School will also involve a reunion of participants in the Leading Wellbeing Festival, on April 9th in Ambleside, which will also be the annual meeting of the Cumbria Environmental Network. If you are interested in the new MA or the Spring School, please fire off an email to iflas@cumbria.ac.uk

Some of the ideas behind the MA are contained in a co-authored paper just published by the Journal of Corporate Citizenship (JCC). I’m grateful to Richard Little at Impact International for having schooled me in critical leadership thinking these past 3 years. I also presented the paper at the International Leadership Association in October and will share some similar ideas at the ‘Lead in Asia’ conference in Bali on the 21st January.

The 2nd cohort of our Mass Open Online Course (MOOC) on Money and Society went well, with around 100 people completing all 4 assignments over the month. That means they can now progress to the Certificate of Achievement in Sustainable Exchange, with the 5 day residential happening in our London Docklands Campus in April (as part of that spring school I mentioned). This labour-of-love for me and course co-tutor Matthew Slater, this free course is “bloody brilliant” and “mind bending”. The next cohort starts on Feb 14th and runs for a month online. Read more and sign up here.

Since my last update I was pleased to receive an award for my past work on cross-sector collaboration for sustainable development. The award made the local news, and my paper on the future of such partnerships (think disruption and revolution) is available here.

That’s nothing compared to being made an honorary fellow of the University of Cumbria. In November, my friend Funmi Iyanda became the first African Woman to be recognised in this way by the University and gave a powerful speech in Carlisle Cathedral. Her talk really reflected our ‘transmodern’ times, where we purposefully and playfully mix old and new ideas from all corners of the world to discover ways of rethinking progress today. Read her super speech here on the IFLAS blog, which is now also home to a regular series of articles on leadership themes.

In October I was pleased to host Professor James Wilsdon’s at our Lancaster Campus to discuss the future of how we are going to be assessed as academics. James is the chair of the Campaign for Social Science. As the University sector has been blasted by austerity measures over the past years and will continue be, James does important work reminding everyone why it’s good that we do what we do and how to do it better. Britain has an incredible heritage of intellectual leadership of international importance, based on the country’s love of learning and its institutions of research and education. Sadly we have now become the most expensive place in the world to get a degree, while many Universities cash in on their heritage in the form of sponsored buildings and uninspiring pack-em-in courses.

Unfortunately just the week after the celebrations in the Cathedral, a large part of Carlisle went underwater due to a storm that damaged many towns, villages and roads in Cumbria. The increased frequency and intensity of extremes of weather is in line with predictions from climate models. The events in Cumbria made climate change that much more personal, as explained in a first hand account by IFLAS Advisory Board member Becky Willis. The beginning of climate chaos is already upon us, with weird weather fuelled by a raised global ambient temperature of 0.8 degrees Celsius over the past century, along with seas warmer by 0.7 agrees and higher by 8 cm, on worldwide averages. The most concerning thing is the extremes, with the north-pole being about 5 degrees warmer than hundred years ago. After the floods people have begun to ask why the investment in flood defences and watershed management wasn’t increased in line with the known growing threat from a disturbed climate. The answer, again, is austerity. The floods are a reminder that you can’t ignore nature because of your politics.

Looking across the country, the cuts in government spending can be seen as cuts in a nation’s commitment to its shared assets. Whether it is flood defences, education or care for the disabled, all the things being cut are the things that reflect a country’s capacity to love itself: to care for its towns, its people, its culture and its future. When a government is cutting back on love, people must fill the void, as has been the case in Cumbria, with a wonderful community spirit emerging. If you want to help support people who have been flooded, please see the Cumbria Foundation or Spirit of Cumbria.

Although an agreement in Paris is important, the key is implementation. To make changes quickly, finance and trade ministers will need to shift incentives, hence the reason for my WEF blog. Ultimately we will need to redesign of our monetary systems, to allow us to thrive without requiring exponential economic growth, as I explain in the free intro to my last book.  A COP21 climate agreement is a piece of the puzzle; but the puzzle is already burning. We will have to live with the weather that’s coming and that calls for us to go deeper in our discussions and planning, as I described for Open Democracy earlier this year.

If any of these topics interest you, then do engage in the Sustainable Leaders linked in group, or see my latest musings at www.jembendell.com

I hope you have a good holiday wherever you are,
Jem Bendell

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