Focusing development and traditional finance towards low carbon energy efficient infrastructure will fight climate change, help the world meet sustainability targets and boost global economic productivity, the world’s finance ministers have been told.
SPECIAL REPORT / Rattled in Europe by the REACH regulation and carbon dioxide emission curbs, international chemical companies are at the Rio Earth Summit determined to push for a global approach to environmental policy – but with a light regulatory touch.
Jeremy Wates, who heads one of the leading conservation groups in Brussels, says the lack of appetite for binding sustainable development commitments and stronger world environmental governments would contribute to a disappointing Earth Summit.
European leaders on Friday (2 March) could throw their weight behind a plan to convert the relatively powerless UN Environment Programme (UNEP) into a world body with the muscle to oversee treaties and protect the ecology.
Following four decades of UNEP initiatives on the environment and the green economy, attention turns to the Rio+20 summit where the idea of a true green economy could gain flesh and bones, writes Achim Steiner, from UN Environment Programme.
During the Global Environment Forum in Nairobi, Kenya, the EU suggested new initiatives on mercury, chemicals management, sustainable production and consumption, engagement of business and international environmental governance.