Every day public banks are developing new and innovative ways of financing a green transformation. This issue brief explores the lessons from two public banks, one in Costa Rica and the other in Germany.
We know what we have to do to solve the climate crisis. We must keep coal, oil and gas in the ground. But the fossil fuel industry has a secret powerful weapon to keep cooking the planet: The Energy Charter Treaty (ECT). It is on the brink of a massive geographical expansion into Africa, Asia and Latin America, threatening to bind yet more countries to corporate-friendly energy policies. Visit: www.energy-charter-dirty-secrets.org
The real-world examples in this book demonstrate that a political economy that curbs the power of big finance and serves people and planet is possible. The ideas shared here are timely and urgent—a call to readiness before the next financial bubble bursts.
The Transnational Institute (TNI) in the Netherlands is issuing an open call for essays, short papers, infographics and artistic collaborations for its forthcoming State of Power report launched in late January 2019 to coincide with the World Economic Forum in Davos. In 2019, we are particularly looking for accessible, engaging essays and artistic explorations that explore the issue of finance and power.
This new handbook is an indispensable guide to climate activists and policy-makers alike towards a complete overhaul of the financial system to stop climate chaos. Central to its message is that fossil fuel lending can be redirected towards green energy and that public finance and ownership can bankroll and provide the infrastructure for delivering a Green New Deal.
When the New York Times dubbed the global anti-war protesters of February 15, 2003, “the second super-power,” it challenged the decade-plus view of undisputed U.S. global reach that followed the demise of the Soviet Union and the end of the Cold War. The surging protests that brought 12–14 million people in 665 cities around the world were not enough to stop the U.S.-British wars against Iraq, Afghanistan and beyond. But in the decade since that extraordinary mobilisation, the U.S. empire’s reach is showing the effects of rising people’s movements, increasing multi-polarity in the world of nations and governments, declining influence in all international spheres other than military, stubbornly lasting economic crisis, and an extraordinary loss of legitimacy both at home and abroad.
Despite causing the worst financial crisis in decades, the financial sector emerged even stronger. TNI's eighth flagship State of Power report examines through essays and infographics the varied dimensions and dynamics of financial power, and how popular movements might regain control over money and finance.
This report focuses on the significant threats to precautionary environmental, labour, consumer and public health policy from regulatory cooperation and “good regulatory practices” chapters within the EU-Canada Economic and Trade Agreement (CETA), US–Mexico–Canada Agreement (USMCA), and the currently parked EU-U.S Transatlantic Trade and Investment Partnership (TTIP).
Biagio Quattrocchi, Vanessa Bilancetti , Francesco Silvi
23 January 2019
Rome’s municipality has accumulated enormous debt, creating an emergency used to close any sort of public space, both physical and discussion. The narrative regarding the debt has been used to attack what we call the city of solidarity – groups, associations, and occupied places that are working to build community as opposed to accumulating profit.
Political impasse continues in Myanmar. Peace talks and general elections have failed to achieve national breakthroughs. All parties — both domestic and international — need to reflect on this failure. Civil society networks and representative governance must be strengthened at the community level if peace and democracy are to be built.
A briefing paper jointly published earlier this month by the Netherlands-based think tank groups has asserted that new ceasefires that have been signed since 2011 have further facilitated land grabbing in conflict-affected areas where large development projects in resource-rich ethnic regions have already taken place.
Today marks the United Nations’ International Day Against Drug Abuse and Illicit Trafficking. Its origin can be traced back to the institutional architecture of the global drug control system which for the last five decades has served as a mechanism that regulates, controls, or prohibits the use and distribution of more than 300 psychoactive substances.
The international dimensions of Bill C-45 are of utmost importance not only for Canada itself but for many countries around the world that are moving in the direction of legally regulating the cannabis market
The Regional Comprehensive Economic Partnership (RCEP) is a mega regional trade deal involving sixteen nations from Asia-Pacific. RCEP will impact the lives of billions of people, from the quality of the food they eat to the energy they consume and the affordability of life-saving medicines. Yet, RCEP negotiations are being conducted almost completely in secret, with limited to no meaningful public participation. Most elected officials have, at best, limited access to the negotiating texts, which remain out of reach for civil society.
The Bail Out Business is the most comprehensive and thorough analysis of the response to the 2008 financial crisis to understand who benefits from rescue packages in the EU. How effective were the bail out measures? What were the hidden costs to the taxpayer? and what was the role of the Big Four (audit firms) and financial consultancy firms in the business of designing and implementing bail out programs in EU Member States?
How fair is the investment arbitration system in Latin American and Caribbean (LAC) countries? Are investor-state disputes balanced between national and corporate interests? LAC countries are among the most affected by the investment arbitration system, representing 28.6% of all known investor-state disputes around the world. In particular, Argentina, Venezuela, Mexico, Ecuador, Bolivia and Peru account for 77.3% of the total number of claims against LAC countries. Analysis shows that the system so far heavily favours corporate interests. Investors have won in 70% of the cases brought against LAC countries. As a result, LAC States have already had to pay foreign companies 20.6 billion USD, which could cover Bolivia’s budget for health and education for four whole years.
Making banks and non-profits liable for the acts and social networks of their customers and beneficiaries while holding charities and CSOs responsible for the ‘extremist’ views and actions of their associates stifles freedom of association and expression and promotes self-censorship.