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NGO Explores Global Governance Options for Carbon Market
December 22, 2015
In a recent article, Andrei Marcu of the Centre for European Policy Studies considers a number of different options for a unified "carbon market" governed by a central, international body under the terms of the Paris climate agreement.
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Indian Official Criticizes Perceived Double Standard on Carbon
December 22, 2015
The Indian Government's Chief Economic Adviser Arvind Subramanian has labeled what he views as the West's practice of continuing carbon-producing activity while seeking to phase out fossil fuels in developing countries, where such energy is needed the most, as "carbon imperialism."
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Commonwealth Countries Establish Climate "Hub"
December 22, 2015
Leaders from the bloc of 53 Commonwealth countries have agreed to set up a "climate change hub" to redistribute funds from developed to developing countries to curb the effects of global warming.
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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.