Tag Archives: UNFCCC

COP21 Paris: Powered by 200 Megatonnes of Coal-fired CO2

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As negotiators around the world gather for what many expect to be a groundbreaking UN climate negotiating session at the 21st Conference of Parties (COP21) which will seek a legally binding agreement on climate action, few may know that their meeting is being funded by the Coal industry. The corporate sponsorship of COP21 creates a dangerous conflict of interest in three key respects. Many of the sponsors are highly invested in oil, gas, coal, and other carbon-polluting sectors, and have a vested interest in obstructing or weakening any real action on climate change. However, with major industrial polluters using their … Continue reading →

CDM Enhancing Africa’s Profile Among Investors

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The Clean Development Mechanism (CDM) is an extremely simple concept. Companies in developed economies can continue with their polluting ways so long as they pay for reductions in greenhouse gas emissions elsewhere in the world. Substitute Egypt, Libya, Sudan, Zimbabwe and a string of other African countries for ‘elsewhere’. CDM may not figure highly on the financial radar screens of many entrepreneurs and business people across the globe. They’re probably much more exercised over the merits or otherwise of business banking services, But maybe they should be looking at CDM, not least because entrepreneurial activity and green make interesting bedfellows these days. … Continue reading →