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Paper Considers Nordic Carbon Price Floor
August 22, 2017
EUobserver reports that a "strategic review" from the Nordic Council, a forum for policymakers in the Nordic region of Europe, contemplates setting a cross-border, regional minimum tax on companies' greenhouse gas emissions to encourage a shift in investment toward renewable energy in line with the UN's Paris climate agreement.
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China Creates "Pilot Zones" for Green Finance
August 22, 2017
Reuters reports that the Chinese government has announced the establishment of "pilot zones" in five regions of the country in which it will provide incentives for financial institutions to invest in climate-friendly projects in line with the global agenda on encouraging private "climate finance."
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Paper Seeks Climate Risk Tool for Canadian Banks
August 22, 2017
A paper from the Centre for International Governance Innovation calls for the development of "climate change-related risk and opportunity assessment tools" for use by Canadian financial institutions in assessing the impacts of climate change and of a future shift from fossil fuels to renewable energy on their investments.
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OECD Rates Compliance with Global Tax Standards
August 22, 2017
The OECD's Global Forum on Transparency and Exchange of Information for Tax Purposes has produced a rating for the Group of 20 countries (G20) on the progress of developing countries in implementing OECD rules on corporate tax transparency, singling out Trinidad and Tobago for failing to take sufficient steps toward clamping down on tax avoidance.
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ISO Releases Building Energy Efficiency Standards
August 21, 2017
The International Organization for Standardization (ISO) has announced a new series of standards pushing businesses in the construction industry to increase energy efficiency in buildings around the world to help meet the UN's Paris climate deal pledges to limit global warming.
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