UN Sec-Gen Ban Ki-Moon has ordered all UN agencies to toe the line supported by the banksters and WBCSD (the lobby of the big non-oil multinationals) -- to finance the "green economy" not by direct aid or by taxing international financial speculators, but by carbon markets (CDM, REDD, PES) without adequate safeguards on additionality, informed consent of vulnerable populations e.g. in UNDRIP, human rights guarantees, or an appeal procedure. This will create a carbon casino, a new bubble that will end in another economic bust -- while adding to poor countries' debt burden, and distorting "development".
By banksters, I mean the crowd who brought you the world-economy meltdowns of 2000 and 2007, the bailouts that your children and grandchildren will still be paying for, toothless "regulation" of international financial speculation in Basel III, the jobless recovery, and now expect to make a killing in unregulated carbon markets. A real killing: an estimated 300,000 die yearly from the impacts of climate change. The perps include the usual suspects: big banks, indistinguishable from vulture cap and OTC finance since the abolition of the Glass-Steagall law, the Bretton Woods institutions they control (IMF, World Bank), bound up together in the Washington Consensus that keeps the Third World in abject poverty. The same powers refuse direct aid to the world's poor -- when aid comes, it takes the form of debt that forces fire-sale prices of state assets and natural resources, or is "tied" to products and service of the donor country, i.e. just another subsidy to corporate lobbyists. The UN refers to the triple crisis of food, climate and fuel; phony "aid" worsens all three.
previous reports) are intended to get well-meaning NGOs and faith groups to back the UN's Rio+20 "green economy" deal -- without safeguards for indigenous peoples, with no appeal mechanism nor adequate MDG financing. Less than a week later the UNEP Finance Initiative will launch the carbon market scheme in Washington, pre-empting both Durban and Rio.
The climate deal with the banksters will be sealed before people even know about it.
Look at this sequence of events:
3-5 Sep UNEP Global Consultation with Major Groups and Stakeholders on Rio+20, September 1, 2011 and the 64th Annual UN DPI: NGOs Conference, Bonn where European NGOs called for:
1. A ‘green’ economic system [that] must promote social equity, gender equity and intergenerational equity. A truly sustainable ‘green economy’ [that] functions within the limits of the planet, and ensures a fair distribution of resources among all countries and social groups - as well as between men and women. We need an economy that provides incentives for zero-waste, low-carbon economies that enhance and restore the natural environment, while also providing new ‘green’ livelihoods, employment and entrepreneurial opportunities for women as well as men. That is why 10 YFP SCP implementation should be the basis of Green Economy policies.
2. In order to achieve a truly green economy, we need better regulation of international financial actors and financial flows. Specific instruments to achieve a greening of the economy were proposed ...
- New indicators for well-being. It is in the interest of youth and future generations,that bold steps will be taken towards a green economy in the context of sustainable development and
poverty eradication. In order to achieve the transition to green economies, the actual political
implementation of concepts such as new (set of) indicators for measuring development and the
internalisation of external costs must ensured and backed up by effective governance systems.
- Planetary boundaries to be assessed and made the basis of decision-making on the basis of best
available scientific knowledge, taking into account the precautionary principle
- The introduction of a global Financial Transaction Tax [on international transfers], to contribute to financing protection of our global commons and of sustainable development and investments in green and inclusive economies.
- Eco-efficiency instruments are important, but there is also a need for ‘sufficiency’ instruments(social innovation, caps on resource use, …), especially in the Northern countries to tackle the over-consumption of -- and excessive pressure on -- natural resources.
3. Independent Technology Assessment...
4. Nuclear and uranium lifecycle control...
These repeated NGO demands, beginning at COP-15 in Copenhagen, have been studiously ignored by the UN, WBCSD, G20 and Washington Consensus. By no coincidence, they would slow down speculation. Wall St, the City and the gnomes of Zurich hate the FTT and will do anything to stop it.
22 Sep U.S. Green Building Council, UN Environment Programme and World Business Council for Sustainable Development Announce Partnership on Rio+20 - followup at Oct 4 Toronto conference
Oct 11 UNEP and GEF's Open Forum on the Carbon Benefits Project at the World Bank, Washington
Oct 13-14 UNEP-RONA Regional civil society consultation for North America, Washington
Oct 19-20 UNEP Finance Initiative, Washington DC - its Global Roundtable. Look at the program and speakers for day 1 and day 2. If that ain't "the fix is in" I'm a lousy analyst. Confirmed participants include:
Accession International, Inc.
Acciona Energia Mexico
ALIDE-Latin American Association of Development Financing Institutions
APG Asset Management US Inc
Argo Insurance Group
Banco do Brasil
Banco Rabobank International Brasil S.A.
Banco Santander Brasil
Bank of America Merrill Lynch
Bank of Montreal
Banking Association South Africa
Bentall Kennedy (U.S.) LP
Bernstein Center, Columbia University
Brazilian Federation of Banks
Brown & Co
Caisse des Depots, Québec
Cambridge Programme for Sustainability Leadership
Carbon Disclosure Project
Carbon War Room
Change Logic LLC
China Development Bank
China Merchants Bank
Colonial First State Global Asset Management (Commonwealth Bank of Australia)
Commercial Mortgage Alert
Connexis Strategy Consultants
Cybaxx Enviromental Service Co. Ltd
Division for Sustainable Development, UN DESA
Embassy of France
Environmental Law Institute
Ethical Markets Media (USA and Brazil)
European Bank for Reconstruction and Development
Evironmental Resources Management
F&C REIT Asset Management
Forest Footprint Disclosure Project
Fox School of Business, Temple University
Global Energy Assessment
Global Leadership Interlink
GUARDIAN HOLDINGS LIMITED
Harvard Business School
Hermes Focus Asset Management Ltd
HSBC Bank plc
Industrial and Commercial Bank of China
Industrial Development Corporation
Inflection Point Capital Management
Infrastructure Leasing & Financial Services Ltd
Insurance Australia Group
Inter-American Development Bank
Inter-American Development Bank
Inter-American Development Bank
International Finance Corporation
International Institute for Sustainable Development
Jones Lang LaSalle Incorporated
MaRS Discovery District
Ministry of Economic Affairs, Netherlands
MINISTRY OF NIGER-DELTA, Nigeria
Mizuho Corporate Bank, Ltd.
Munich Reinsurance Company
National Academy of Sciences
National Association of Insurance Commissioners, USA
National Institute of Advanced Industrial Science and Technology, Japan
National Round Table on the Environment and the Economy, Canada
Oceanic Insurance Group
Pace Law School
Pax World Management LLC
Portfolio 21 Investments
Principles for Responsible Investment
Raiffeisen Zentralbank Austria AG
RBC Capital Markets
Renco Technologies Private Ltd.
Royal Bank of Canada
Royal instute of thecnologhy
ROYAL MICROFINANCE OF ZAMBIA LIMITED
Samsung Fire and Marine Insurance
Shell Oil Company
Social Investment Organization
State Street Corporation
State Street Global Advisors
Sumitomo Mitsui Financial Group
Sustainable Business Institute (SBI)
TD Bank Group
The Conference Board
The Co-operators Group Ltd.
The George Washington University Law School
The Jervey Group
The Northern Trust Company
The Sumitomo Trust and Banking Co., Ltd.
The Transition Group
The World Bank
Trillium Asset Management, LLC
U.S. Environmental Protection Agency
U.S. General Services Administration
U.S. Green Building Council
U.S. House Natural Resources Committee
United Nations Foundation
University of Cambridge Programme for Sustainability Leadership
University of Waterloo
US Agency for International Development
US Department of Energy
Virgin Islands Legislature
Washington State Insurance Commissioner’s Office
World Economic Forum
World Green Building Council
World Resources Institute
Zenith Bank PLC
And at the Jan 2012 Climate Finance & Carbon Markets Africa:
Ariesta Ningrum, Team Lead, Sustainable Development Mechanisms, UNFCCC
Nelly Magubane, Director General, Department of Energy, South Africa
Adam Simcock, CEO, Carbon Check, South Africa
Geoff Sinclair, Head of Carbon Trading, Standard Bank, UK
Kevin Whitfield, Head, African Treasury and Financial Products Unit, Nedbank Capital, South Africa
Henk Sa, Managing Director, Ecometrix, South Africa
Antoine Degri, CEO, ADERCI, Ivory Coast
Ntombifuthi Ntuli, Business to Business Programme Officer, Danish Embassy, South Africa
Enoch Lerato Liphoto, Senior Advisor, Climate Change, Eskom Holdings, South Africa
Hussein Elhag, Executive Director, Africa Energy Commission, Algeria
Georges Bakaly, Managing Director, WESD Capital, DRC
Bubu Jallow, Chief Technical Adviser, Department of Water Resources, The Gambia
Amos Wafula Wekesa, Environmental and Climate Change Advisor, VI-Agroforestry Programme Eastern Africa, Kenya
Philippe Decq, Sales and Marketing Manager, South Europe,Africa and Middle East, DnV, France
Ciska Terblanche, Managing Director, CDM Africa, South Africa
Heba Rabie, Regional Manager, Africa and Middle East, The Gold Standard Foundation, Egypt