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World Bank Conference Considers Best Practices in Carbon Taxation
March 07, 2019
The World Bank’s Carbon Pricing Leadership Coalition recently hosted a conference in New Delhi bringing together researchers to determine best practices in taxing companies for their greenhouse gas emissions to advance the agenda to combat climate change.
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WEF Report Calls for Climate Finance from Sovereign Wealth Funds
March 07, 2019
Echoing efforts in civil society to redirect funds from private banks to fund economic rights and climate goals, the World Economic Forum (WEF) has published a report calling on sovereign wealth funds to shift their financing to help economies avoid becoming “stranded” due to reliance on fossil fuels in an age of climate action.
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NGOs Call for Broad Corporate Reporting Under EU Law
March 06, 2019
A coalition of nongovernmental organizations has produced a report calling on European companies disclosing their social and environmental impacts under the EU’s Non-financial Reporting Directive to use as a model the NGO-produced UNGP Reporting Framework and pushing the EU to sanction companies for non-compliance.
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UN-Supported Initiative Seeks Strengthened Emissions Targets
March 06, 2019
The UN-supported Science Based Targets Initiative has announced updates, based on data from the UN’s Intergovernmental Panel on Climate Change, to its guidance for companies on greenhouse gas reduction targets to comply with the political goal from the UN’s Paris climate deal to limit global warming to 1.5°C.
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NGO Paper Seeks “Sustainability” Reporting in Banking Industry
March 06, 2019
The Centre for International Governance Innovation has published a report calling on companies in the banking industry to respond to pressure from the UN, activist groups, and global reporting organizations by disclosing how they are dealing with their “sustainability” impacts around the planet.
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