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Initiative Seeks Investor Support for Fossil Fuel Divestment
July 30, 2018
According to the UN-supported initiative Climate Action 100+, the growing number of investor signatories to the initiative, aimed at placing pressure on “systemically important greenhouse gas emitters” to reduce their climate impacts, demonstrates the budding commitment by the financial industry to help fulfill the UN’s Paris climate deal.
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UN Agency Calls for End to Export of “Dirty Fuels” to Africa
July 30, 2018
The UN Environment agency has pointed to a report prepared by the Dutch government on the transportation of “dirty fuels” to Western Africa as proof of “an environmental and public health scandal,” arguing that the energy industry must not sell fuels that would be banned in Europe “even if they meet national standards” in African countries.
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WEF Initiative Calls for Financial Pressure Against Deforestation
July 30, 2018
The Tropical Forest Alliance, a partnership hosted by the World Economic Forum (WEF), has published a report calling on financial institutions around the world to place pressure on the businesses in which they invest to prevent deforestation in line with the global environmental agenda and the UN’s Paris climate deal.
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WWF Launches “Sustainable Finance” Platform for Asia
July 27, 2018
The nongovernmental organization World Wide Fund for Nature (WWF) has launched an Asia Sustainable Finance Initiative, based in Singapore, to divert investment flows into projects that produce “sustainable economic, social and environmental outcomes.”
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NGO Seeks Reform of Trade System to Tackle “Tax Havens”
July 27, 2018
Open Society Foundations has published an article calling for the reform of global tax and international trade law systems - in addition to potentially using “extraterritorial application of human rights obligations” - to prevent the use by corporations and wealthy individuals of “tax havens” to reduce the proportion of their income they pay to governments.
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