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Governance & Access

What Do You Want From Rio+20?

20 years after the Rio Earth Summit in 1992, “Rio+20” will review progress on and reaffirm a global commitment to the policies designed to foster economic growth that is both inclusive and respects the planet’s limited carrying capacity. Amidst a lingering global recession, a widening gap between rich and poor, and heightened competition for energy, food and other scarce natural resources, the conference could not be more timely. Unfortunately, no clear vision for Rio+20 has emerged, and expectations of the Conference remain low.

Three Demands for Rio+20

What should Rio+20 achieve, and how should governments prepare for it? To help answer these questions, WRI has been working as part of The Access Initiative (TAI) to encourage governments to develop specific recommendations for Rio+20. As part of these efforts, the global TAI network has now launched the Three Demands (3Ds) Campaign.

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SEC Regulations Could Bring Oil Revenue Transparency to Uganda

Now twice delayed during the public comment and rule-drafting periods, the U.S. Securities and Exchange Commission (SEC) is due to release regulations for Section 1504 of the Wall Street Reform Act in late August. Recent developments in Uganda’s oil industry have made the release of these transparency provisions more urgent than ever.

Oil production is not scheduled to begin in Uganda until next year, but the country is already feeling its impacts. Major developments in Uganda’s oil sector and recent setbacks in government transparency lend new urgency to the passing of SEC regulations to implement Section 1504 of the Wall Street Reform Act.

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Are Governments Ready for Rio 2012?

Though the Earth Summit, Rio+20, will take place next June, few governments have started to seriously assess their progress towards achieving the internationally agreed upon sustainable development goals outlined in the Rio Declaration and Agenda 21, according to a recent survey from the Access Initiative.

Time is running short. In order to have a successful Rio+20, governments must submit meaningful and ambitious goals to the Zero Draft of the Outcome Document by November 1, which will outline the agenda and discussion points for Rio+20.

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Have Countries Delivered on Fast-Start Climate Finance?

As the reporting deadline for 2010 looms, developed countries will need to prove that they are honestly meeting their modest $30 billion commitment.

Today, WRI releases an updated summary of developed countries’ “fast start” climate finance pledges. These funds are intended to help developing countries reduce emissions and adapt to climate change from 2010-2012.

To date, 21 developed countries and the European Commission have publically announced individual fast-start finance pledges totaling nearly USD 28 billion to meet the USD 30 billion commitment in the 2009 Copenhagen Accord.

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World Bank vs. World Bank: Protecting Safeguards in a “Modern” International Institution

The World Bank has begun an effort to strengthen its environmental and social safeguards. But how relevant will these safeguards be after the Bank’s parallel proposals to “modernize” the way it does business?

As an institution of 10,000+ staff, owned by 187 governments, the World Bank invests in a wide range of development activities to help meet the needs of a wide range of borrowers. The bank’s environmental and social safeguards have emerged as a consistent approach to ensure, across these diverse contexts, that its investments “do no harm,” particularly when investments do not go as planned.

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Oil and Gas Sector Releases New Sustainability Yardsticks

Do the revised reporting guidelines for the oil and gas industry go far enough?

Last month IPIECA, the global oil and gas industry association for environmental and social issues, along with the American Petroleum Institute (API) and the International Association for Oil and Gas Producers (OGP) released their revised guidance on corporate sustainability reporting. This was the first update to the guidance since 2005.

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