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Island States Warn of Impacts from Global Tax Policy
October 14, 2016
Leaders from a group of Caribbean and other island countries warned at the recent meeting of the UN General Assembly that their finance-focused economic models are under threat from the withdrawal of banking business under the global agenda of identifying and penalizing finance companies that deal in so-called "tax havens."
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Luxembourg Exchange Launches "Green Finance" Platform
October 14, 2016
The Luxembourg Stock Exchange has announced its launch of a "Green Exchange" that will serve as a platform for investment in projects relating to renewable energy and will not permit securities relating to fossil fuel or nuclear power projects.
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BOE Chief Calls for Progress on "Green Finance"
October 14, 2016
Reuters reports that Bank of England Governor Mark Carney has called for the German leadership of the G20 group of countries to focus on hastening the development of "green bond markets" that would steer investments away from fossil fuel projects and toward renewable energy.
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US Agency Investigates Exxon's Climate Pricing
October 13, 2016
The Wall Street Journal reports that the US Securities and Exchange Commission is investigating whether energy company Exxon sufficiently factors in the risk of global warming when pricing its fossil fuel-related projects.
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OECD Calls for Higher Carbon Taxes
October 13, 2016
Pushing for more collective action among countries in setting a floor for taxing greenhouse gas emissions, the Organisation for Economic Co-operation and Development has released a report characterizing taxation of such emissions in 41 different countries as too low to sufficiently propel industries to consider renewable energy sources.
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