Project description
The impact of pension-backed investments in green housing
Green housing infrastructure has many advantages for our health, the environment and climate change, amongst others. The EU-funded JUCLFUT project will investigate the social effects of green housing projects that are financed by pension capital – an emerging key player in green investment. In doing so, the project will evaluate the extent to which these investments address climate objectives while respecting internationally recognised human rights to safe, adequate and affordable housing. It will also shed light on the social and gendered effects these types of investments have on households and communities.
Objective
Climate change is a complex problem that requires solutions that reach across the boundaries between local and global and economic and ecological spheres of policy and everyday life. The challenge of ensuring that the benefits and burdens of transitioning to a carbon neutral future are equitably distributed within and across communities is thus one of the most pressing currently facing humanity.
Pensions have recently emerged as key actors in the pursuit of “green” investment, due to their fiduciary duties and the sensitivity of physical assets to political, regulatory and environmental effects of climate change (Government of Canada, 2018; Gold and Scotchmer, 2015; OPTrust, 2018; Mercer, 2018). At the same time, their involvement in the financialization of housing (e.g. turning housing into a pure commodity, severed from its social function as shelter) is exacerbating the global housing crisis, making it increasingly difficult for growing numbers of people to access their human rights to shelter (August, 2019; Farha, 2019; Parish, 2019b). Furthermore, even while COVID-19 has made the right to housing all the more urgent, the economic fallout from the pandemic is exacerbating the crisis as growing numbers of people are now at risk of mortgage default and eviction.
This project therefore investigates the social effects of specific green housing projects financed by pension capital in order to assess the extent to which these investments are addressing climate objectives in a manner which also respects the internationally recognized human right to safe, adequate and affordable housing, and conforms to the imperative of a just transition, as defined by the EU as one which is “inclusive for all” and where “no person or place is left behind”.
The central Research Question this project will answer is: What are the social and gendered effects of pension backed investments in green housing infrastructure on households and communities?
Fields of science (EuroSciVoc)
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: The European Science Vocabulary.
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: The European Science Vocabulary.
- medical and health sciences health sciences public health epidemiology pandemics
- medical and health sciences health sciences infectious diseases RNA viruses coronaviruses
- natural sciences earth and related environmental sciences atmospheric sciences climatology climatic changes
- social sciences law human rights
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Keywords
Project’s keywords as indicated by the project coordinator. Not to be confused with the EuroSciVoc taxonomy (Fields of science)
Project’s keywords as indicated by the project coordinator. Not to be confused with the EuroSciVoc taxonomy (Fields of science)
Programme(s)
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
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H2020-EU.1.3. - EXCELLENT SCIENCE - Marie Skłodowska-Curie Actions
MAIN PROGRAMME
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H2020-EU.1.3.2. - Nurturing excellence by means of cross-border and cross-sector mobility
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Topic(s)
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Funding Scheme
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
MSCA-IF - Marie Skłodowska-Curie Individual Fellowships (IF)
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Call for proposal
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
(opens in new window) H2020-MSCA-IF-2020
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Net EU financial contribution. The sum of money that the participant receives, deducted by the EU contribution to its linked third party. It considers the distribution of the EU financial contribution between direct beneficiaries of the project and other types of participants, like third-party participants.
LE1 9BH Leicester
United Kingdom
The total costs incurred by this organisation to participate in the project, including direct and indirect costs. This amount is a subset of the overall project budget.