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Funding_for_profit_a Nd_multistakeholderi Sm_final_for_web.pdf

funding_for_profit_and_multistakeholderism_final_for_web.pdf
Preview of funding_for_profit_a nd_multistakeholderi sm_final_for_web
🔗 Source: diario-prevenzione.it
📊 Size: 5.56 MB
👤 Author: TNI CEO
⬇️ Downloads: 67

Summary

The private sector has taken over global climate talks, with the finance sector capturing the UN climate finance agenda, particularly through the Glasgow Financial Alliance for Net Zero (GFANZ). This alliance, led by former Bank of England governor Mark Carney and Wall Street tycoon Mike Bloomberg, promotes voluntary commitments to "net zero by 2050" and implies that little or no government action is needed. The GFANZ coalition includes major financiers of greenhouse gas pollution, such as BlackRock, Citi, and Standard Chartered, which have significant investments in fossil fuels. This self-regulation approach leaves the world with a huge problem, as there is no solution to the climate crisis without changes to financial markets. The report argues that multistakeholderism, which brings together various stakeholders to collaboratively address global issues, has led to corporate capture and is a dangerous trend for people and the planet.

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Description

The private sector has taken over global climate talks, with the finance sector capturing the UN climate finance agenda, particularly through the Glasgow...

Technical Information

  • File Format: PDF
  • File Size: 5.56 MB
  • Pages: 16
  • Language: EN
  • Author: TNI CEO
  • Total Downloads: 67
  • Last Updated: 4 weeks ago

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