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Tools for Climate Finance Readiness: Building Capacity to Support Increased Finance Flows

On Friday December 12, 2014, delegates to the UNFCCC COP 20 discussed capacity building for climate finance at the event, 'Tools for Climate Finance Readiness: building capacity to support increased finance flows,'. At this side event, Dennis Tänzler presented the new Climate Finance Readiness Training toolkit “CliFiT”...
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Vulnerable nations urged to craft climate migration policy

Countries vulnerable to extreme weather and rising seas should follow the example of small Pacific island states like Kiribati, and work out how to relocate threatened communities if there is no alternative, experts said at U.N. climate talks in Lima. "We now know that climate change is a driver of migration, and is expected to increase the displacement of populations,"...
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ECC Newsletter Edition 3/2014

We have published the third Edition of the Environment, Conflict, and Cooperation Newsletter in 2014. It features e.g. an article by Tony de Brum, Foreign Minister of the Marshall Islands, about how his country approaches climate diplomacy on the way towards ambitious climate action. We also take a closer look at local governance and climate resilience with perspectives from Latin America and from Southeast Asia...
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Quote of the Month

“Climate change is one of the greatest challenges of our time and represents an urgent and unalterable threat to human societies.” - Ram Prasad Lamsal, Chair of the LDC Group at UN climate change negotiations, Statement at the Opening Plenary of the Twentieth Session of the Conference of Parties of the UN Framework Convention on Climate Change (COP 20), Lima, Peru, 1 December 2014.
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Articles

U.S. passes landmark reforms on resource transparency

Source: Global Witness

15/07/2010 - Global Witness strongly welcomes a ground-breaking new bill, passed by the U.S. Senate today, which will help to lift the curse of corruption and conflict from poor countries that are rich in oil and minerals by promoting greater public oversight and responsible trading practices.

Provisions in the Dodd-Frank Wall Street Reform and Consumer Protection Act (also known as the Financial Reform Act) will require oil, gas and mining companies registered with the Securities and Exchange Commission (SEC) to publicly disclose their tax and revenue payments to governments around the world. This disclosure will deter the corruption which has brought deep poverty and conflict to many resource-rich countries.

The Act will also require companies whose products contain cassiterite(tin ore), coltan, wolframite and gold to disclose to the SEC whether they are sourcing these minerals from the Democratic Republic of Congo (DRC) or adjoining countries. Companies will have to detail the measures they have taken to avoid sourcing these minerals from DRC armed groups, which are guilty of massacres and other atrocities.  The bill also requires that all information disclosed be independently audited.

"These provisions are a huge victory for corporate accountability in the oil, gas and mining industries, and we commend the leadership of Members of Congress who have steadfastly championed them," said Corinna Gifillan of Global Witness, a non-profit group which has campaigned since the 1990s to break the links between natural resources, corruption and conflict

"As well as helping the people of resource-rich-but-poor countries, these provisions will serve U.S. governmental and commercial interests around the world by promoting stability and responsible corporate investment," said Gilfillan. Global Witness is a co-founder of Publish What You Pay, a global coalition of more than 600 civil society groups that works for transparency in the oil, gas and mining industries.

The House of Representatives approved these reforms on June 30th and the Senate did so today. President Obama is expected to sign the Dodd-Frank legislation into law next week.

"Now is the time for the United Kingdom and other major economies to follow the example of the U.S., so that these crucial reforms can become global standards," said Gilfillan.

For the complete press release, please see Global Witness.