A major challenge facing the Republic of Buryatia, subject of the Russian Federation, is how to balance the task of protecting Lake Baikal – a unique water object and ecological system included in the UNESCO list of World Natural Heritage Areas – with the need for dynamic and sustainable socio-economic development of the republic. This requires streamlining and improving water policy jointly with economic, administrative, information and other policy instruments. The recommendations in this report aim to help achieve this objective. They include the introduction of abstraction charges for irrigation water as a natural resource; enhancement of state support to the water sector; and improvement of economic instruments for managing risks of water-related hazards (such as compulsory insurance and differentiated land tax rates in flood prone areas). A few innovative instruments are also recommended for pilot testing such as establishing limits for discharges of certain hazardous substances in a pilot area (e.g. Selenga river basin) and progressive development of market for tradable quotas for discharges of the “capped” pollutants; and introducing a charge (tax) on toxic agricultural chemicals (pesticides, herbicides, etc.) and synthetic detergents so that to create incentives for the reduction of diffuse water pollution.
To meet the ambitious goals of the 2030 Agenda and the Paris Agreement, we need to significantly shift and scale up green finance and investment.
9 November 2016, Marrakesh - This COP22 side event will focus on the role of policies and domestic enabling conditions to encourage private investment in green infrastructure in developing countries, drawing on lessons learned from country-specific experiences in Jordan and Viet Nam.
Paris, 3 November 2016: This workshop focused on trends in green infrastructure financing; the role of banks, utilities and equity sponsors in financing green infrastructure; the role of institutional investors in establishing a secondary market for green infrastructure and unlocking investment and financing for green innovation.
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In the first half of 2016, global FDI flows decreased by 5%, as compared to the second half of 2015, to USD 793 billion but remain above half-year trends observed in 2013 and 2014. In Q1 2016, FDI flows rose to USD 513 billion due to large flows in the United States and, to a lesser extent, in the United Kingdom after Royal Dutch Shell bought British Gas. FDI flows then decreased 46% to USD 279 billion in the second quarter.
The Working Group is responsible for monitoring the implementation and enforcement of the OECD Anti-Bribery Convention, the 2009 Anti-Bribery Recommendation and related instruments.
This page contains all information relating to implementation of the OECD Anti-Bribery Convention in Estonia.
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Foreign investment can be an important ally in supporting diversification and productivity growth, and greater efforts to strengthen the investment environment in Indonesia would likely yield substantial dividends.
The 2017 edition of the Latin American Economic Outlook explores youth, skills and entrepreneurship. Young Latin Americans embody the region’s promise and perils. They stand at the crossroads of a region whose once promising economy and social progress are now undergoing a slowdown. The Outlook identifies potential strategies and policy responses to help Latin America and the Caribbean revive economic growth. While development can stem from different sources, skills and entrepreneurship can empower youth to develop knowledge-intensive economic activities, boost productivity and transform the region’s politics as they transition successfully from the world of school to the world of productive work and create that future they seek. The report highlights valuable experiences and best practices in these fields and proposes strategies to allow Latin America to consolidate long-term growth while assuring continuity in the social agenda.
We are all brought together by the collective global project to transform our economies, still hard-wired around fossil fuels, into green, low-emissions and climate-resilient economies. This is a huge challenge. It requires massive leadership, and well-aligned policies across government, as well as the scaling up of green finance. Given the scale of this investment, the role of finance is critical.