Trade policy organization shuttered amid controversy after 22 years
The Geneva-based International Center for Trade and Sustainable Development, or ICTSD, which was founded in 1996, said it was closing down immediately.
Many businesses, governments and organizations are committed to sustainable goals like reducing their environmental footprints and conserving resources. Sustainable finance includes environmental, social and governance considerations in investment decisions. In 2015, the U.N.'s 193 member nations adopted the 17 Sustainable Development Goals for 2030. Despite some progress, the U.N. says 83% of the agenda is off-track from the pandemic, climate change, biodiversity loss, pollution, and conflict.
Already have an account? Log in
The Geneva-based International Center for Trade and Sustainable Development, or ICTSD, which was founded in 1996, said it was closing down immediately.
The trade deal fulfills U.S. President Donald Trump's pledge to replace the 1994 North American Free Trade Agreement.
The Financial Stability Board monitors and recommends ways of strengthening the world's financial architecture.
Justices are deciding if the World Bank's financial lending arm has the same immunity as nations, which could alter the amount of protection — and independence from courts — that staff are given at organizations operating under U.S. laws.
Aside from the money and time, the image of a jet-setting executive director in charge of an agency that sets environmental and climate agendas made for poor optics.
Concerns about climate change's rapid rate of advance in the far north drove three years of talks on commercial fishing.
Investment in renewable power, accounting for two-thirds of all power generation spending, dropped 7% last year and "there is a risk" that it will slow more this year, IEA said.
The world's foremost international organization for financing projects on environmental change sent up smoke signals warning that 'incremental change will not suffice.'
A third of the world’s fish stocks are overfished, FAO said, and 35% of what's caught never makes it one someone's plate.
Because these ocean areas and deep seabeds lie beyond national jurisdictions, they fall within a patchwork of laws overseen mostly by U.N.-affiliated international organizations.
The release of UNCTAD's report comes amid geopolitical and trade tensions, financial volatility, rising interest rates in rich nations and expected weaker demand for commodities.
The need to overhaul the U.N.'s vast bureaucracy is a more urgent topic as its single biggest donor, the United States, ratchets up pressure under the Trump administration.