Regional Innovation Hubs and Climate Entrepreneurship

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Regional Innovation Hubs and Climate Entrepreneurship

Emissions trends around the world note a welcome and necessary shift to a decarbonized economy. As links to carbon emissions are being replaced with more sustainable solutions, Adrian Toth notes that “we need local transitions, we need collaboration, and we need it quickly. We need in every region a just transition towards a net-zero carbon economy.’’

Last week the Polish presidency launched the Solidarity and Just Transition Silesia Declaration ’ dedicated to the region where COP24 was held, and Friends of Europe’s Regional Dimension of Climate Change published during COP24 highlights previously carbon intensive regions that are successfully making or have already achieved a transition to a decarbonized economy. The transition requires addressing not only energy and climate action but also the social and economic aspects of transition such as enabling employee competencies and community engagement.

“A just transition is necessary in the largest polluting sectors, including energy but also agriculture and land use,” notes Shrina Kurani. Stanford University’s Marius von Essen saw a distinct uptick in jurisdictional approaches, with over 50 studies recorded. Von Essen explains that “jurisdictional approaches are a response to the failure of previous strategies in halting land degradation,” and California’s recently published Tropical Forest Standard for carbon markets has set a high bar for social and environmental safeguards, exclusively focusing on the jurisdiction-level, which refers to entire governments such as a state or province. This ensures reductions achieved in one location are not offset by deforestation elsewhere – as could happen in a project-by-project approach to crediting. Jurisdictional approaches are gaining support from large private players such as Unilever, Walmart, and McDonalds.

In the private sector, climate entrepreneurship is a clear pathway for what Climate-KIC CEO Kirsten Dunlop calls “extreme experimentation” with a focus on “creative collisions to find place-based solutions that are meaningful and therefore mobilising. Regional innovation hubs have proven to be particularly effective hotbeds for impactful innovation and we are keen to take this to the next stage: through the development of deep demonstrations that can provide the evidence and the hope we need to inspire radical transformation, in time.” Liwah Wong recently received funding from the European Regional Development Fund program in cooperation with Climate-KIC to develop a monitoring framework for the circular economy with a focus on plastic waste in Fast-Moving Consumer Goods industry, such as plastic packaging from supermarkets and bags and bottles from households. Shrina Kurani highlights “companies such as Republic which are leveling the playing field, with a number of companies focusing on the environmental as their chief concern, among them Farm From a Box , Smart Yields , and Nori .” The global stocktake and carbon markets engage Nori’s novel approach with blockchain technology to solve the tracking and data verification of the carbon markets.

To learn about all of the companies on Republic with an environmental mission, click here

To get involved with Nori’s blockchain approach to the carbon markets, click here 

To read the Friends of Europe publication on the regional dimension of climate change, click here

Tags: #JustTransition #RenewableEnergy #ClimateChange #COP24 #Energy #SocialEnterprise #Entrepreneurship #Investment #MissionDriven #Impact #CarbonEmissions #Decarbonize #NetZero #UnitedNations #CircularEconomy #JurisdictionalApproaches #Deforestation #Carbon #CO2 #PowerPastCoal #FossilFuels #Coal #KeepItInTheGround

Contact Details:

General/Entrepreneurship: Shrina Kurani, shrina@republic.co

Just Transition: Adrian Toth, tot.ecology@gmail.com

Circular Economy: Liwah Wong, liwah.malaysia@icloud.com

Jurisdictional Approaches: Marius von Essen, vonessen@stanford.edu