ESG and Of Interest News
Joint report explores scope for co-ordinated approaches on climate action, carbon pricing, and policy spillovers
October 23, 2024--Five international organisations today released a landmark report that outlines pathways for co, ordinated approaches on climate action, carbon pricing, and the cross, border effects of climate change mitigation policies with a view to achieving global climate goals. |
| The report was presented on 23 October by the Joint Task Force on Climate Action, Carbon Pricing, and Policy Spillovers, convened by the World Trade Organization and joined by the International Monetary Fund, the Organisation for Economic Co, operation and Development, United Nations Trade and Development (UNCTAD), and the World Bank.
Entitled Working Together for Better Climate Action: Carbon Pricing, Policy Spillovers, and Global Climate Goals, the report arrives at a time when countries around the world are scaling up actions to curb climate change. Mitigation policies are on the rise, including carbon pricing policies, with 75 carbon taxes and emission trading schemes currently in effect worldwide, covering approximately 24 per cent of global emissions. |
The World's Oldest Bond Just Celebrated Its 400th Birthday And Still Pays an 13.64 Euro Annual YieldDecember 16, 2024--On December 10,1624, a Dutch water authority issued a bond to fund repairs for a critical dike breach. Four centuries later,that bond is still alive,making it the oldest bond in the world. This perpetual bond, issued by Hoogheemraadschap Lekdijk Bovendams, continues to pay interest, reminding us of the enduring power of financial innovation. |
State Of Compute: The New Power ParadoxDecember 1, 2024--News broke November 28 that the U.S. government is considering additional curbs on the sale of semiconductor equipment and AI memory chips to China, escalating tensions between the two superpowers. It is a sign of the times. Governments have begun to view AI compute infrastructures, including advanced AI chips, as a geostrategic resource. |
New report showcases opportunities to unlock trade in renewable electricityNovember 15, 2024--A new report published today (15 November) by the World Meteorological Organization and the World Trade Organization points to the role that trade can play to help supply meet demand for electricity from renewable sources. |