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illuminem summarizes for you the essential news of the day. Read the full piece on The Financial Times or enjoy below:
🗞️ Driving the news: Researchers have highlighted the social risks associated with renewable energy and carbon removal projects, referring to these issues as "green grabbing"
• This term describes the large-scale acquisition of land for environmentally friendly purposes, which can negatively impact local communities
🔭 The context: Green projects, from wind farms to reforestation, are crucial for addressing the climate crisis but the rights of local communities are often overlooked
• Many communities, particularly in developing nations like Brazil, lack formal legal rights to the land they have used for generations, making them vulnerable to displacement
🌍 Why it matters for the planet: While renewable energy and reforestation are essential for reducing carbon emissions and combating climate change, they must be implemented responsibly
• Ensuring that local communities are not disadvantaged is critical to maintaining social equity and sustainability
⏭️ What's next: Developers and investors need to integrate thorough social impact assessments into their projects
• This includes adhering to guidelines that respect the rights of local populations and exploring lease agreements that benefit community members
💬 One quote: “We don’t question the necessity of the energy transition, but within this imperative of climate change mitigation, there is policy change happening at the expense of traditional communities’ rights to use common lands.” — Michael Klingler, University of Natural Resources and Life Sciences, Vienna
📈 One stat: Foreign entities control Brazilian wind farms covering 2,148 square kilometers, either directly or through Brazilian subsidiaries
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