High Level Advisory Group On Climate Financing
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High Level Advisory Group On Climate Financing
United Nations Secretary-General Ban Ki-Moon established a High-Level Advisory Group on Climate Change Financing (AGF) on 12 February 2010 for the duration of ten months. The group's aim was to "study potential sources of revenue that will enable achievement of the level of climate change financing that was promised during the United Nations Climate Change Conference in Copenhagen in December 2009." Composition The group was co-chaired by Jens Stoltenberg, Prime Minister of Norway, Meles Zenawi, Prime Minister of the Federal Democratic Republic of Ethiopia. Guyana President Bharrat Jagdeo was the third head of state on the board, but was not a co-chair. Members included experts from developed countries, developing countries, and from international development organizations and the academic world. British Prime Minister Gordon Brown co-chaired with Zenawi from the group's formation in February 2010 to 6 June 2010, when he was replaced by Stoltenberg. The group's mandate was to devel ...
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United Nations
The United Nations (UN) is an intergovernmental organization whose stated purposes are to maintain international peace and international security, security, develop friendly relations among nations, achieve international cooperation, and be a centre for harmonizing the actions of nations. It is the world's largest and most familiar international organization. The UN is headquarters of the United Nations, headquartered on extraterritoriality, international territory in New York City, and has other main offices in United Nations Office at Geneva, Geneva, United Nations Office at Nairobi, Nairobi, United Nations Office at Vienna, Vienna, and Peace Palace, The Hague (home to the International Court of Justice). The UN was established after World War II with Dumbarton Oaks Conference, the aim of preventing future world wars, succeeding the League of Nations, which was characterized as ineffective. On 25 April 1945, 50 governments met in San Francisco for United Nations Conference ...
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Ban Ki-Moon
Ban Ki-moon (; ; born 13 June 1944) is a South Korean politician and diplomat who served as the eighth secretary-general of the United Nations between 2007 and 2016. Prior to his appointment as secretary-general, Ban was his country's Minister of Foreign Affairs and Trade between 2004 and 2006. Ban was the foreign minister of South Korea between 2004 and 2006. Ban was initially considered to be a long shot for the office of Secretary-General of the United Nations however, he began to campaign for the office in February 2006. As the foreign minister of South Korea, he was able to travel to all the countries on the United Nations Security Council, a maneuver that subsequently turned him into the campaign's front runner. On 13 October 2006, he was elected as the eighth secretary-general by the United Nations General Assembly. On 1 January 2007, he succeeded Kofi Annan. As secretary-general, he was responsible for several major reforms on peacekeeping and UN employment practice ...
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Jens Stoltenberg
Jens Stoltenberg (born 16 March 1959) is a Norwegian politician who has been serving as the 13th secretary general of NATO since 2014. A member of the Norwegian Labour Party, he previously served as the 34th prime minister of Norway from 2000 to 2001, and again from 2005 until 2013. Born in Oslo as the son of the prominent diplomat and politician Thorvald Stoltenberg and Karin Stoltenberg (née Heiberg), Stoltenberg attended Oslo Waldorf School and Oslo Cathedral School before graduating with a degree in economics from the University of Oslo in 1987. During his studies, he worked as a journalist, and led Labour's youth wing from 1985 to 1989. He started his career in government as a State Secretary in the Ministry of the Environment in 1990 and was elected to the Storting in 1993. He served as Minister of Industry and Energy from 1993 to 1996 and Minister of Finance from 1996 to 1997. He was Prime Minister from 2000 to 2001, was leader of the Labour Party from 2002 to 2014, ...
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Meles Zenawi
Meles Zenawi Asres (Tigrinya and ; , born Legesse Zenawi Asres; 9 May 1955 – 20 August 2012) was an Ethiopian soldier and politician who served as President of Ethiopia from 1991 to 1995 and then Prime Minister of Ethiopia from 1995 until his death in 2012. Born in Adwa to an Ethiopian father and an Eritrean mother, Meles became actively involved in politics after changing his original first name from Legesse to Meles, adopted following the execution of fellow university student Meles Takele by the Derg government in 1975. Shortly that year, he left Haile Selassie I University to join the Tigray People's Liberation Front (TPLF) and fight against the Derg (the Mengistu Haile Mariam-led military dictatorship in Ethiopia). In 1989, he became the chairman of the TPLF, and the head of the Ethiopian People's Revolutionary Democratic Front (EPRDF) after its formation in 1988. After leading the EPRDF to victory in the Ethiopian Civil War, he served as president of the Transitional Go ...
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Bharrat Jagdeo
Bharrat Jagdeo (born 23 January 1964) is a Guyanese politician who has been serving as Vice President of Guyana since 2020, in the administration of President Irfaan Ali. He had previously also held the office from 1997 until 1999, during the presidency of Janet Jagan. Jagdeo subsequently served as the President of Guyana from 11 August 1999 to 3 December 2011. He also holds a number of global leadership positions in the areas of sustainable development, green growth and climate change. Jagdeo, a member of the People's Progressive Party/Civic (PPP/C), served as Minister of Finance from 1995 to 1999, becoming president in 1999 after Janet Jagan resigned for health reasons. Subsequently, he won two elections, in 2001 and 2006. He was the first President of Guyana to relinquish office in accordance with term limits he signed into the Guyanese Constitution. Following the PPP/C's electoral defeat in 2015 Jagdeo became Leader of the Opposition in the National Assembly. Furthermore, ...
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Gordon Brown
James Gordon Brown (born 20 February 1951) is a British former politician who served as Prime Minister of the United Kingdom and Leader of the Labour Party (UK), Leader of the Labour Party from 2007 to 2010. He previously served as Chancellor of the Exchequer in Tony Blair's Premiership of Tony Blair, government from 1997 to 2007, and was a Member of Parliament (United Kingdom), Member of Parliament (MP) from 1983 to 2015, first for Dunfermline East (UK Parliament constituency), Dunfermline East and later for Kirkcaldy and Cowdenbeath (UK Parliament constituency), Kirkcaldy and Cowdenbeath. He is the most recent Labour politician as well as the most recent Scottish politician to hold the office of prime minister. A Doctor of Philosophy, doctoral graduate, Brown studied history at the University of Edinburgh, where he was elected Rector of the University of Edinburgh, Rector in 1972. He spent his early career working as both a lecturer at a further education college and a t ...
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2010 United Nations Climate Change Conference
The 2010 United Nations Climate Change Conference was held in Cancún, Mexico, from 29 November to 10 December 2010. The conference is officially referred to as the 16th session of the Conference of the Parties to the United Nations Framework Convention on Climate Change (UNFCCC) and the 6th session of the Conference of the Parties serving as the meeting of the Parties to the Kyoto Protocol. In addition, the two permanent subsidiary bodies of the UNFCCC — the Subsidiary Body for Scientific and Technological Advice (SBSTA) and the Subsidiary Body for Implementation (SBI) — held their 33rd sessions. The 2009 United Nations Climate Change Conference extended the mandates of the two temporary subsidiary bodies, the Ad Hoc Working Group on Further Commitments for Annex I Parties under the Kyoto Protocol (AWG-KP) and the Ad Hoc Working Group on Long-term Cooperative Action under the Convention (AWG-LCA), and they met as well. Background Following the non-binding Copenhagen Acco ...
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Financial Transaction Tax
A financial transaction tax (FTT) is a levy on a specific type of financial transaction for a particular purpose. The tax has been most commonly associated with the financial sector for transactions involving intangible property rather than real property. It is not usually considered to include consumption taxes paid by consumers. A transaction tax is levied on specific transactions designated as taxable rather than on any other attributes of financial institutions. If an institution is never a party to a taxable transaction, then no transaction tax will be levied from it. If an institution carries out one such transaction, then it will be levied the tax for the one transaction. This tax narrower in scope than a financial activities tax (FAT), and is not directly an industry or sector tax like a Financial stability contribution (FSC), or "bank tax", for example. These distinctions are important in discussions about the utility of financial transaction tax as a tool to selectivel ...
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UNFCCC
The United Nations Framework Convention on Climate Change (UNFCCC) established an international environmental treaty to combat "dangerous human interference with the climate system", in part by stabilizing greenhouse gas concentrations in the atmosphere. It was signed by 154 states at the United Nations Conference on Environment and Development (UNCED), informally known as the Earth Summit, held in Rio de Janeiro from 3 to 14 June 1992. Its original secretariat was in Geneva but relocated to Bonn in 1996. It entered into force on 21 March 1994. The treaty called for ongoing scientific research and regular meetings, negotiations, and future policy agreements designed to allow ecosystems to adapt naturally to climate change, to ensure that food production is not threatened and to enable economic development to proceed in a sustainable manner. The Kyoto Protocol, which was signed in 1997 and ran from 2005 to 2020, was the first implementation of measures under the UNFCCC. T ...
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Fossil Fuel Subsidies
Fossil fuel subsidies are energy subsidies on fossil fuels. They may be tax breaks on consumption, such as a lower sales tax on natural gas for residential heating; or subsidies on production, such as tax breaks on exploration for oil. Or they may be free or cheap negative externalities; such as air pollution or climate change due to burning gasoline, diesel and jet fuel. Some fossil fuel subsidies are via electricity generation, such as subsidies for coal-fired power stations. One downside to subsidizing any industry is that competition and innovation are lessened or lost completely. Subsidizing can make a product be cheaper for buyers, but in the long run, innovation and lower prices come from a competitive free market. Despite the G20 countries having pledged to phase-out inefficient fossil fuel subsidies, they may be continued because of voter demand or for energy security. Global fossil fuel consumption subsidies in 2021 have been estimated at 440 billion dollars; a ...
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Economics Of Global Warming
The economics of climate change concerns the economic aspects of climate change; this can inform policies that governments might consider in response. A number of factors make this and the politics of climate change a difficult problem: it is a long-term, intergenerational problem; (pb: benefits and costs are distributed unequally both within and across countries; and both the scientific consensus and public opinion on climate change need to be taken into account. Effects of climate change may last a long time, such as sea level rise which will not be reversed for thousands of years. The long time scales and uncertainty associated with global warming have led analysts to develop " scenarios" of future environmental, social and economic changes. These scenarios can help governments understand the potential consequences of their decisions. One of the responses to the uncertainties of global warming is to adopt a strategy of sequential decision making. This strategy recognizes tha ...
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Stern Review
The Stern Review on the Economics of Climate Change is a 700-page report released for the Government of the United Kingdom on 30 October 2006 by economist Nicholas Stern, chair of the Grantham Research Institute on Climate Change and the Environment at the London School of Economics (LSE) and also chair of the Centre for Climate Change Economics and Policy (CCCEP) at Leeds University and LSE. The report discusses the Economic effects of global warming, effect of global warming on the world economy. Although not the first economic report on climate change, it is significant as the largest and most widely known and discussed report of its kind. The Review states that climate change is the greatest and widest-ranging market failure ever seen, presenting a unique challenge for economics. The Review provides prescriptions including ecotax, environmental taxes to minimise the economic and social disruptions. The Stern Review's main conclusion is that the benefits of strong, early action ...
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