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

Descrizione del progetto

Incidenza degli investimenti garantiti dalle pensioni nella bioedilizia

L’infrastruttura della bioedilizia presenta molti vantaggi per la nostra salute, per l’ambiente, per i cambiamenti climatici e non solo. Il progetto JUCLFUT, finanziato dall’UE, studierà gli effetti sociali dei progetti di bioedilizia finanziati dal capitale pensionistico, un fattore chiave in crescita nel settore degli investimenti verdi. Così facendo, il progetto valuterà in quale misura tali investimenti affrontino gli obiettivi climatici, nel rispetto dei diritti umani riconosciuti a livello internazionale ad abitazioni sicure, adeguate e accessibili. Inoltre, chiarirà gli effetti sociali e di genere di questo tipo di investimenti su famiglie e comunità.

Obiettivo

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?

Campo scientifico (EuroSciVoc)

Parole chiave

Programma(i)

Argomento(i)

Meccanismo di finanziamento

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

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(si apre in una nuova finestra) H2020-MSCA-IF-2020

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Coordinatore

DE MONTFORT UNIVERSITY
Contributo netto dell'UE
€ 224 933,76
Indirizzo
THE GATEWAY
LE1 9BH Leicester
Regno Unito
Regione
East Midlands (England) Leicestershire, Rutland and Northamptonshire Leicester
Tipo di attività
Higher or Secondary Education Establishments
Collegamenti
Costo totale
€ 224 933,76