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POLITICAL ECONOMY
UN environment haggle runs into problems ahead of summit
by Staff Writers
Rio De Janeiro (AFP) June 18, 2012

Women march in Rio to protest 'green economy'
Rio De Janeiro (AFP) June 18, 2012 - Thousands of women representing social and farm movements marched in central Rio Monday to rail against the "green economy" advocated by the Rio+20 conference on sustainable development.

Behind a large banner from the international peasant movement Via Campesina proclaiming "the peoples are against the mercantilization of nature", they marched several miles to the Flamengo park, the venue for the "People's Summit" organized by civil society groups on the sidelines of the Rio+20 event.

Several hundred men closed off the march to show their solidarity.

Perched atop a truck fitted with loudspeakers, a female activist howled: "This is a march of urban and rural women against this Rio+20 charade."

"No to green capitalism! Yes to an economy based on solidarity, yes to people's sovereignty," she added.

People's Summit militants view the "green economy" concept touted by organizers of the official Rio+20 gathering as just "another stage of capitalist accumulation" after the failure of the current model.

World leaders are to gather here from Wednesday to Friday to debate how to steer the planet toward a greener and more sustainable future.

"We are out on the streets to give visibility to our world struggle for an end to violence against women, for peace and demilitarization, access to common goods and economic empowerment for women," said 36-year-old Celia Alldridge, a member of the march secretariat who described herself as "half English, half Swiss".

The marchers comprised women of all walks of life, students, rural and indigenous people, some carrying placards reading "women are not meant to be slapped on the face or the buttocks."

Luise Sanuto, an ethnic Tabajara from northeast Brazil, said she faced even greater discrimination as an indigenous person."

"Indigenous peoples are discriminated against and have been shown disrespect since the arrival of the (Portuguese) colonizers" in 1500.


Negotiations on a UN blueprint to fix Earth's damaged environment, eradicate poverty and promote green jobs hit snags on Monday two days ahead of a global summit.

Brazil wants to seal a deal swiftly to ensure that a three-day gathering, aimed at reviving the momentum of the 1992 Earth Summit, is not wrecked by squabbles.

But delegates attending the UN Conference on Sustainable Development in Rio said the 50-page draft was mired in discord.

Disputed issues include text on climate-altering fossil fuels, promoting the green economy and providing funding for poorer countries.

Another is how to strengthen world governance for the environment, an area where national sovereignty is jealously guarded.

A further problem area is "Sustainable Development Goals" -- SDGs -- that would replace the UN's Millennium Development Goals after these objectives expire in 2015.

"The conditions for an agreement are not there," said French Ecology and Sustainable Development Minister Nicole Bricq.

"What has been put on the table is not suitable for us," she said in an interview with AFP. "The proposed text lacks vision and ambition and there is no outlet for concrete actions."

She warned: "We can continue negotiating on until (Friday, the) 22nd."

German Environment Minister Peter Altmaier said the talks were "moving in the right direction, but it is just the beginning of the final, not yet critical, stage of the negotiations."

"We still believe that there is a considerable margin for improvement and we want to use every hour and every minute we have over the next couple of days... to see what we can do to make the conclusions clearer, sharper and more ambitious."

Around 100 heads of state and government are expected to attend the summit starting Wednesday, although several big hitters -- US President Barack Obama, British Prime Minister David Cameron and German Chancellor Angela Merkel among them -- will be absent.

The meeting is designed to crown a 10-day event, bringing together some 50,000 activists, policymakers and business executives to showcase sustainable development.

Twenty years have elapsed since the first Earth Summit, where the community of nations declared war on poverty and environment ills. They set up three conventions to tackle climate change, desertification and species loss and drew up a bible, Agenda 21, intended to guide their actions.

But on almost every count, the planet is sicker than before.

Scientists warn that emissions of climate-altering fossil-fuel gases are scaling ever-higher peaks, a trend that will stoke worse floods, droughts and storms and imperil small island states with rising seas.

Biodiversity loss, too, is unprecedented in the context of human history, and some biologists fear that a mass extinction is already underway.

The number of people living on $1.25 (one euro) a day fell from 1.9 billion in 1990 to around 1.3 billion in 2008. But in developing countries, nearly one person in two still lives on less than $2 (1.6 euros) per day.

Activists said they were worried that the final document would be gutted of ambition.

"Today I am very concerned and worried because the draft final document of the Rio+20 conference does not give proper attention to climate change," former Soviet president Mikhail Gorbachev said through an organization he has set up, the Climate Change Task Force, to combat global warming.

"It looks like there is backsliding on this issue and that is what worries me so much, because without addressing climate change, all of the other problems and tasks that will be set by the final document will not be accomplished and will become meaningless."

Jim Leape, director general of WWF International, urged Brazilian President Dilma Rousseff to intervene directly.

"The current negotiating text may be called 'the future we need', but it certainly doesn't have the commitments we need. There is still time for leaders to step up, and we need Dilma to lead the way."

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Dutch, Nordic bourses best on sustainability: report
Rio De Janeiro (AFP) June 18, 2012 - Dutch, Danish and Finnish stock exchanges performed best in sustainability disclosures, according a report by the British asset management company Aviva Investors released at the Rio+20 conference Monday.

The report ranks the world's composite stock exchanges, based on disclosure rates and timeliness for seven so-called "first-generation" sustainability indicators: energy, greenhouse gas emissions, water, waste, lost time injury rate, payroll costs and employee turnover.

The Dutch bourse came in first, respectively followed by counterparts in Denmark, Finland, Spain and South Africa.

Brazil, South Africa's fellow member in the BRICs group of emerging nations -- along with China, India and Russia -- came in ninth.

South Africa was credited with the fastest growing disclosure rate, ranking first in five of the seven indicators: water, waste, GHG emissions, employee turnover and lost time injury rate.

Danish companies were found to be the world's most timely reporters on sustainability.

Overall, financial companies had the lowest sustainability disclosure of all industries, ranking last on five of the seven indicators; energy, GHG emissions, water consumption, waste and lost time

The report, titled "Trends in Sustainability Disclosure: Benchmarking the World's Composite Stock Exchanges" and produced in partnership with CK Capital, was released on the sidelines of the UN Rio+20 conference on sustainable development.

The conference is to climax in a summit attended by more than 130 world leaders from Wednesday to Friday.

"Our study shows a clear divergence across exchanges and sectors on the level of disclosure on sustainability issues and growing evidence of a slowdown in the uptake of sustainability reporting practices," said Steve Waygood, chief investment officer at Aviva Investors.

"Investors are increasingly demanding sustainability information from companies to inform their broader decision-making, deepen the quality of market information available and ultimately the quality of our capital markets, so this decline is cause for concern," he added.

Waygood said this offered "a real opportunity for policymakers to step in and define a common set of sustainability indicators."



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