Environmental law presently reflects the data-constrained mid-20th century world and thus relies heavily on pollution control mandates rather than economic incentives. Building on 21st Century information technologies, we can today end externalities by carefully tracking emissions and making polluters stop their pollution — or pay fully for the harm they cause.
Professor Daniel C Esty, Yale Law School, Director of the Yale Center for Environmental Law and Policy, and co-director of the Yale Initiative on Sustainable Finance
Technology aspects of funding for the environment
The effectiveness of environmental law depends on the flow of resources (notably money) and the flow of information. Technology can affect either, though most of the focus is on resources. Technology might be used to facilitate funding of timely and precise: metering and monitoring for the purpose of environmental taxation or payment for ecological services; imposition of fines; measurement of high-value components of nature (enabling higher prices for fractional use). As increased and diverse funding sources are needed for the environment, technology-mediated revenues become increasingly important and provide opportunities for strategic funding innovation.
Professor Paul Martin, Director, Australian Centre for Agriculture and Law, University of New England
We need to establish new data science
To unravel the greatest threats to the planet, we need to rapidly establish new data science approaches, terminology, and trust in the outputs. The law has an important role to play, in pushing commercial operators towards standardising spatial disclosure, refining the legal suitability of outputs, and, create precedents, in doing so help move the cultural outlook of 'spatial finance'. David J Patterson, Head of Conservation Intelligence, WWF
Let's avoid "greenwash"
Increasingly investors and asset managers are seeking a double bottom line with their investment capital, a financial return and a positive environmental impact. To avoid "greenwash", it will become increasingly important to tightly define, in a legal sense, what a positive environmental impact investment means and to be able to hold firms accountable.
AI might be good for the environment, but a wider look uncovers two other issues: 1. that AI uses energy (both the hardware and machine learning algorithms), and 2. there are carbon-intensive sectors heavily investing in AI (the oil and gas sector is investing around $1 billion annually in AI to increase productivity of existing fields). How will all this balance out and over what time frame?
Dave Rejeski, Environmental Law Institute, Former Director, Science and Technology Innovation Program, Woodrow Wilson Center
Reimagining Environmental Law 18 August 2020
Market-Based Instruments and Green Economy
Making polluters stop their pollution
Environmental law presently reflects the data-constrained mid-20th century world and thus relies heavily on pollution control mandates rather than economic incentives. Building on 21st Century information technologies, we can today end externalities by carefully tracking emissions and making polluters stop their pollution — or pay fully for the harm they cause.
Professor Daniel C Esty, Yale Law School, Director of the Yale Center for Environmental Law and Policy, and co-director of the Yale Initiative on Sustainable Finance
Technology aspects of funding for the environment
The effectiveness of environmental law depends on the flow of resources (notably money) and the flow of information. Technology can affect either, though most of the focus is on resources. Technology might be used to facilitate funding of timely and precise: metering and monitoring for the purpose of environmental taxation or payment for ecological services; imposition of fines; measurement of high-value components of nature (enabling higher prices for fractional use). As increased and diverse funding sources are needed for the environment, technology-mediated revenues become increasingly important and provide opportunities for strategic funding innovation.
Professor Paul Martin, Director, Australian Centre for Agriculture and Law, University of New England
We need to establish new data science
To unravel the greatest threats to the planet, we need to rapidly establish new data science approaches, terminology, and trust in the outputs. The law has an important role to play, in pushing commercial operators towards standardising spatial disclosure, refining the legal suitability of outputs, and, create precedents, in doing so help move the cultural outlook of 'spatial finance'.
David J Patterson, Head of Conservation Intelligence, WWF
Let's avoid "greenwash"
Increasingly investors and asset managers are seeking a double bottom line with their investment capital, a financial return and a positive environmental impact. To avoid "greenwash", it will become increasingly important to tightly define, in a legal sense, what a positive environmental impact investment means and to be able to hold firms accountable.
Shaun Kingsbury, CBE,CEO, Conduit Investment Advisors
Watch your system boundaries
AI might be good for the environment, but a wider look uncovers two other issues: 1. that AI uses energy (both the hardware and machine learning algorithms), and 2. there are carbon-intensive sectors heavily investing in AI (the oil and gas sector is investing around $1 billion annually in AI to increase productivity of existing fields). How will all this balance out and over what time frame?
Dave Rejeski, Environmental Law Institute, Former Director, Science and Technology Innovation Program, Woodrow Wilson Center
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