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The “collapse of governance”

Korea Times condemns the “collapse of governance” under the administrations of the past 12 years. “At the heart of this war on government is the promotion of deregulation (which means literally de-criminalization). The result of deregulation is that government officials have lost the ability to serve as a check on for-profit organizations. Today, profits for business has become the critical issue in the policymaking process and consequentially the government has lost its ability to formulate and implement long-term policies. That problem has been made worse because deregulation has been paired with privatization so that infrastructure is run for profit. Such an approach poisons attitudes toward the community at every level.”

Source: koreatimes

Just 100 companies responsible for 71% of global emissions, study says

Just 100 companies have been the source of more than 70% of the world’s greenhouse gas emissions since 1988, according to a new report. The Carbon Majors Report “pinpoints how a relatively small set of fossil fuel producers may hold the key to systemic change on carbon emissions”. Traditionally, large scale greenhouse gas emissions data is collected at a national level but this report focuses on fossil fuel producers. Compiled from a database of publicly available emissions figures, it is intended as the first in a series of publications to highlight the role companies and their investors could play in tackling climate change.

Source: the Guardian

Local residents are protesting the privatization coal-driven power plant

Local residents are protesting the privatization of Kot Addu Power Company Limited (Kapco) coal-driven power plant “due to environmental concerns.” “The extension in agreements and liquidity damages amounts to Rs27 billion, which appears on Kapco's financial statements and is causing bottlenecks in its privatization, stated the Privatisation Division to the Cabinet Committee on Privatization (CCoP) in its meeting held on January 27. Due to this hindrance in privatizing Kapco, the government wants an investor to take greater interest in key decisions related to the coal expansion project envisaged by Kapco.”

Source: The Express Tribune

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The Group of Seven (G7) is an informal grouping of seven of the world’s advanced economies consisting of Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States. The forum offers an opportunity for G7 Leaders, Ministers and policy makers to come together each year to build consensus and set trends around some of today’s most challenging global issues.


From state to system: Financialization and the water-energy-food-climate nexus

From state to system: Financialization and the water-energy-food-climate nexus (by Jeremy J. Schmidt, Nathanial Matthews). The water-energy-food-climate nexus has risen rapidly in global water governance over the past decade. This article examines the role of global financial networks in articulating the nexus and in connecting it to sustainability programs. It provides new insights into critical engagements with the nexus that, to date, have focused predominantly on water security and governance.