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Konrad von Moltke (Germany), Senior Fellow, International
Institute for Sustainable Development (IISD).
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| Carlos
Oxenford (Argentina), Operations Manager, Iniciativas de Desarollo
Sustentable. |
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Tariq
Banuri (left), Stockholm Environment Institute
(SEI), provided a background political history of the development
of international trade and its effects on the shape of the nation
state as we move toward global communities. With growing
international trade comes increasing need for a regulatory body to
oversee trade and investment which parallels increasingly
trade-related multilateral environmental agreements (MEAs), such
as that found in the Cartegena Protocol on Biosafety or the
Framework Convention on Climate Change's work on emissions
trading. While the role of the WTO as an appropriate and
singular regulartory mechanism has been widely criticized, Banuri
proposes that it forms one of many pieces of what may constitute
global governance in the future. To complement this emerging
entity, he proposes the development of a voluntary global
reporting initiative to create information for reporting on and
monitoring the function of business in international sustainable
development.
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Ricardo Melendez-Ortiz
(right), Director, International Centre for Trade and Sustainable
Development (ICTSD) recognizes a lack of coherency in the
international trade and environment institutions which would be
necessary to manifest any form of global governance.
Sustainable development was developed specifically in response to
that lack of coherency. The critical factor lies in the fact
that international investment schemes have always been designed to
protect the interests of investors, as opposed to the interests of
sovereign states or communities. In order for these financial
institutions to take on any positive role in sustainable
development requires that there be more opportunities to grow
beyond their current mandates and encompass social interests on a
more equal footing. Concurrently, more MEAs would need to
recognize investment as a development tool and start the difficult
task of designing and incorporating financial measures into those
agreements.
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 ENB
Summary of Ad Hoc Open-Ended Intergovernmental Group of Experts on Energy
and Sustainable Development
CSD-8
Intersessionals
Linkages
CSD page
UN
- CSD website with official
documents
ENB's
"Introduction to CSD"
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