Markets working to support sustainable development

In the News: 5th September 2014

05 Sep 2014

Here you will find a round-up of all the latest news and events in mechanisms from around the world.

Standards and sustainable sourcing

Forest. Image source: Wikipedia

Pricing carbon

A paper factory in Piteå, Sweden. Image source: Wikimedia Commons

Policy

  • A new Climate Bill would shrink government and reward taxpayers”, says James K. Boyce, Director of the Program on Development, Peacebuilding and the Environment. The Bill, which was introduced to the US Congress in August, features a cap-and-dividend policy whereby the money made from auctioning permits is fed back to the American people - that’s everyone with a social security number receiving direct payments.
  • Boosting Research and Development spending and related training isn’t enough to ensure technology works in favour of sustainable development. Policy steps must also be taken: first, to build networks of diverse stakeholders working proactively together; second, to foster and share learning from research and experience; third, to promote shared visions among stakeholders; and, finally, to support diverse experimentation with technologies and practices.
  • Patrick Mazza critiques a preoccupation with market-based solutions to climate change, such as cap-and-trade systems, and suggests that the climate movement needs to direct attention to public investment in innovation technologies and industries.
  • Thomson Reuters have launched a new set of indices based on European companies’ Environmental, Social and Corporate Governance (ESG) practices. “The new Thomson Reuters CRI [Corporate Responsibility Indices] Europe Indices… offer a very powerful proposition for all ESG-conscious individuals and institutions,” says Stephan Flagel, Head of Indices at Thomson Reuters.
  • A new report from the OECD proposes recommendations on how to mobilise resources for development, including new mechanisms, such as taxes on transactions in financial markets that can generate additional resources to finance sustainable development.
  • Policies for a green economy, including market governance mechanisms, can be found worldwide. Research presented by the United Nations Environment Programme at the Green Economy Coalition’s first public annual meeting showed that 65 countries are now pursuing green growth. Meanwhile, 48 of them are taking steps to develop national green economy plans.