Convergence: The potential legal implications of juggling environmental responsibility with economic ambition

Caitlin McConnel

No 391425, 2025: Progress and Prospects for Climate-Resilient Agrifood Systems: Actionable Recommendations for Policymakers and Practitioners, 11-12 August from Crawford Fund

Abstract: Since ratification of the Paris Agreement in 2015, the development of policy aimed at building climate resilience has largely focussed on holding the increase in global temperature average whilst making finance flow consistent with a pathway towards low greenhouse gas emissions and climate-resilient development; with buzzwords such as ‘ESG’, ‘net zero’, ‘climate-smart’ and ‘natural capital’ now common in day-to-day vernacular. Whilst the emergence of these terms has coincided with statutory obligations to report on sustainability initiatives or climate risks, as well as investment opportunities in renewable energy projects or alternative food production technologies, it is arguable that such terminology demonstrates a continued focus by government and business to value natural assets and food security through a numerical lens of economic growth and development. Although placing a numerical value on nature and food production can help promote innovation or incentivise environmental protection; it is a little-known fact that the Paris Agreement was entered into in pursuit of the United Nations Framework Convention on Climate Change (UNFCCC), which both reiterate that: • increasing our ability to adapt to climate change, foster climate resilience, and reducing greenhouse gas development must be done in a manner that does not threaten food production, and • when taking action to address climate change, parties must consider: • their respective obligations on human rights, and • the fundamental priority of safeguarding food security, food production systems, and Mother Earth. Furthermore, few decision-makers are aware that courts of law across multiple jurisdictions are now scrutinizing the alleged failures by government or business to consider the aesthetic and spiritual value of nature in the context of human rights through climate litigation; in a real-time convergence demonstrating the importance of returning to the first principles of ecologically sustainable development.

Keywords: Environmental; Economics; and; Policy (search for similar items in EconPapers)
Pages: 8
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:ags:cfcp25:391425

DOI: 10.22004/ag.econ.391425

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