Developing nations, notably China and India, clashed with richer countries over the inclusion of ‘unilateral trade measures’, such as the EU’s carbon border tax, in the UN climate talks agenda, delaying the conference start. Central to discussions is the need for a new climate finance goal.
Tensions surfaced at the UN climate conference as developing countries, led by China and India, contested the inclusion of the EU’s carbon border tax in the agenda. The contentious tax, aimed at reducing carbon emissions by levying imports, has stirred disagreement over its economic impact on developing nations.
The climate finance goal remains a pivotal issue at the conference. Host country Azerbaijan urged quick resolutions, while UN climate chief Simon Stiell emphasized the shared interest in a financial solution. However, proceedings stalled as delegates debated the agenda content.
Amid these discussions, a proposal from China highlighted broader concerns about industrial policies in developed countries. Finance Minister Nirmala Sitharaman criticized the tax as ‘unilateral and arbitrary’, sharing worries about its impact on India’s trade economy.
Global watchdog Transparency International (TI) UK has published comprehensive guidelines for implementing publicly-accessible beneficial ownership registers in the UK’s offshore financial centres.
Press Release from Carey Olsen, Friday 23 February, 2024. Carey Olsen and Alter Domus have advised healthcare and sustainability investment firm Gyrus Capital S.A (“Gyrus”) on the final
The FATF has updated its Guidance on Financial Inclusion and Anti-Money Laundering and Terrorist Financing Measures to support countries and the private sector in bringing more people into the formal
Polling comes as 260 millionaires and billionaires sign new letter, directed at political leaders attending the World Economic Forum in Davos, saying they would be “Proud To Pay More” in taxes.