-
Philippines Investigates Fossil Fuel Companies for Climate Change
December 14, 2017
The Commission on Human Rights of the Philippines is conducting the world’s first “national inquiry into the responsibility of the fossil fuel industry for the human rights impacts resulting from climate change hits,” with major companies such as ExxonMobil, Shell, and BP facing investigation in the wake of the deadly typhoon Yolanda, attributed by some to climate change.
-
World Bank Bond Project Incentivizes Low-carbon Business Practices
December 14, 2017
The World Bank has completed the second repayment of bonds under its Pilot Auction Facility, a program designed to “promote private sector investment in climate action” through an incentivized bond regime.
-
Development Financiers Commit to Climate-friendly Financing
December 14, 2017
Members of the International Development Finance Club and the Multilateral Development Banks have issued a joint statement promising to increase the proportion of investment directed to “low-carbon and climate resilient sustainable development,” as well as to fight for related policy adaptation by national and subnational governments.
-
Major Global Investors Push Companies on Climate Policy
December 14, 2017
A group of 225 major investors, who together control over $26 trillion in assets, have joined the Climate Action 100+ initiative, whose goal is to systematically engage 100 of the world’s top greenhouse gas emitting companies and push them to reduce emissions throughout their supply chains and begin releasing climate-related financial disclosures.
-
EU Promises Significant “Green” Investment in Neighboring Regions
December 14, 2017
EU Climate Action and Energy Commissioner Miguel Arias Cañete has announced the bloc’s plan to mobilize billions of euros in private and public investment toward climate-friendly objectives in Africa and EU Neighborhood countries as part of the EU External Investment Plan.
Copyright 2024 Global Governance Watch. All Rights Reserved.
A project of The Federalist Society for Law & Public Policy Studies