The Fuzhou Declaration passed at the World Heritage Committee session called for enhanced international coordination and cooperation in addressing non-traditional challenges such as climate change and sustainable development, as well as improved management mechanisms for conservation efforts.
Green finance needed to safeguard all types of forests and the world’s terrestrial biodiversity.
Difficulty in obtaining financing, or sovereign guarantees from host nations, is impacting on the‘bankability’of BRI renewables projects, report finds.
The global commitment to the Sustainable Development Goals and the Paris Agreement reflect that the “elephant in the room” has received wide attention. Severe problems such as environmental pollution, natural resource depletion and climate change arising from development-oriented economic activities are nowadays internationally recognized.
Inspection Panel Chairman Gonzalo Castro de la Mata and Panel Member Jan Mattsson joined representatives of other Independent Accountability Mechanisms took part in a one-day workshop with Chinese banks with substantial overseas investments in the context of the country’s One Belt, One Road Initiative to discuss adherence to highest environmental and social standards and the establishment of redress mechanisms. The workshop was organized by the China Banking Regulatory Commission, China Banking Association, the Green Finance Committee of the China Society for Finance and Banking, and the Greenovation Hub.
In October 25-26 2017, more than 30 experts and activists interested in the BRICS New Development Bank from NGOs and CSOs had an engagement meeting with members of the NDB’s top management including the NDB President Mr. K.V.Kamath and staff from various divisions of the NDB. Greenovation Hub has attended and spoke in this meeting as a grass-root environmental NGO.