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World Bank Continues Pressure for Carbon Tax
December 22, 2015
During the recent UN climate talks in Paris, the World Bank Group pressured governments to tax the emission of carbon in order to limit global warming, launching a Carbon Pricing Leadership Coalition among leaders of various governments and sectors and announcing a $500 million initiative to cut greenhouse gases and set up carbon taxes in developing countries.
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Development Banks Pledge Support for Climate Agenda
December 22, 2015
On the eve of the recent UN climate negotiations in Paris, officials from the world's largest development banks, including the World Bank Group, promised a significant increase in funding to climate-related projects and expressed support for a set of voluntary principles for financial institutions to "mainstream" action on global warming across their operations.
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AI: Climate Change Harms Rights, Creates Refugees
December 22, 2015
Amnesty International ("AI") has published a piece seeking to identify a "direct link" between global warming and "the rights to life, health, food, water and housing" and arguing that people identifying themselves as climate "refugees," who move from their homes due to the effects of climate change, are "entitled" to support from countries responsible for the phenomenon.
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Financial Companies Agree to "Portfolio Decarbonization"
December 22, 2015
The UN Environment Programme ("UNEP") has announced the addition of financial institutions from the UK, the Netherlands, and France to its "Portfolio Decarbonization Coalition," which seeks to pressure investors to remove funding from companies that UNEP argues contribute to climate change.
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NGO Seeks Investor Pressure on Companies over Trafficking
December 22, 2015
Acknowledging the "unprecedented scrutiny" British corporations are facing following the passage of a UK law requiring companies to report on their efforts to rid their supply chains of forced labor, nongovernmental organization Finance Against Trafficking has released a report guiding investors on how to pressure companies to perform extensive supply-chain due diligence in this area.
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