Sector markets for the 4 billion BOP consumers range widely in size.
Many countries in Africa are rich with trees, wildlife, minerals, and other natural resources. But as new WRI research and an interactive map show, few national laws provide communities with strong, secure rights to the resources on their land.
WRI conducted a systematic review of the national framework laws for five natural resources—water, trees, wildlife, minerals, and petroleum—in 49 sub-Saharan African countries. The results are presented in our new Rights to Resources map.
Mary Robinson, former President of Ireland, Andrew Steer, head of WRI, chair group; Launch Declaration on Climate Justice
Seventy percent of Latin Americans live on less that $3 a day. That’s 360 million people with a combined purchasing power of $510 billion. WRI is looking at how to meet the needs of poor communities through pro-environment private sector strategies and catalyzing investments by companies and development agencies. This new approach was adopted by the Inter-American Development Back (IDB), one of the largest development aid agencies working in Latin America, when it launched a five-year, multi-billion dollar poverty reduction initiative. “Building Opportunity for the Majority” focuses on economic empowerment for the poor through the support of private-public opportunities. IDB is the first development bank to make a commitment of this size, giving this innovative market approach enormous credibility and visibility.
The last in a series of expert workshops and consultations under the UNFCCC’s work-programme on long-term finance concluded late yesterday. This 2013 extended work programme on long-term climate finance is designed to “identify pathways for mobilizing the scaling up of climate finance to USD 100 billion per year by 2020 from public, private, and alternative sources” and inform “enabling environments and policy frameworks to facilitate the mobilization and effective deployment of climate finance in developing countries.”I had the opportunity to participate quite actively in this year’s series, as WRI is working with co-chairs from the Philippines and Sweden to facilitate discussions on how to mobilize scaled-up finance for climate action.
Bringing together some of the world’s foremost economic experts to contribute to the global debate about economic policy, and to inform government, business and investment decisions.
In 2007, the Interfaith Coalition on Corporate Responsibility, a group of 275 faith-based institutional investors with a combined market portfolio of more than $10 billion, filed a shareholder resolution requiring Newmont Mining Corporation to produce a report addressing community-based opposition to its operations around the world. Activists have criticized Newmont, one of the world’s largest gold miners, for environmental problems in indigenous communities. In an unprecedented move for a U.S. mining company, Newmont’s directors and shareholders approved the resolution. It’s the first step toward Newmont developing new procedures for involving local communities in determining how its development projects might affect their land or way of life. WRI worked with the Interfaith Coalition to help members better understand how the informed consent of a community affected by development projects makes good business sense and leads to more equitable, environmentally-friendly results.
On July 16, 2013 the World Bank agreed to support universal access to reliable modern energy and limit the financing of coal-fired power plants to rare circumstances in an effort to address climate change concerns.
Stabilizing the global climate is one of the most urgent challenges in coming decades. Our warming world affects all people and ecosystems, particularly the poor who already suffer disproportionately from climate-change impacts.