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Towards a Just Climate Future? Urban sustainability, financialization, and the global housing crisis

Description du projet

L’impact des investissements soutenus par les fonds de pension dans le logement vert

Les infrastructures de logements verts présentent de nombreux avantages pour notre santé, l’environnement et le changement climatique, pour n’en citer que quelques-uns. Le projet JUCLFUT, financé par l’UE, étudiera les effets sociaux des projets de logements verts financés par des fonds de pension, un nouvel acteur de premier plan dans le domaine des investissements verts. Ce faisant, le projet évaluera la mesure dans laquelle ces investissements contribuent aux objectifs climatiques tout en respectant les droits de l’homme reconnus au niveau international à un logement sûr, adéquat et abordable. En outre, il mettra en lumière les effets sociaux et sexospécifiques de ces types d’investissements sur les ménages et les communautés.

Objectif

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?

Champ scientifique (EuroSciVoc)

Mots‑clés

Programme(s)

Thème(s)

Régime de financement

MSCA-IF - Marie Skłodowska-Curie Individual Fellowships (IF)

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Appel à propositions

(s’ouvre dans une nouvelle fenêtre) H2020-MSCA-IF-2020

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Coordinateur

DE MONTFORT UNIVERSITY
Contribution nette de l'UE
€ 224 933,76
Adresse
THE GATEWAY
LE1 9BH Leicester
Royaume-Uni
Région
East Midlands (England) Leicestershire, Rutland and Northamptonshire Leicester
Type d’activité
Higher or Secondary Education Establishments
Liens
Coût total
€ 224 933,76