Saturday, November 24, 2018

Should nation-states be allowed to destroy pieces of the global commons just because they lie within their borders?

Take for example the Amazon, reading an article on the BBC's website a few minutes ago the headlines state 'Amazon rainforest deforestation 'worst in 10 years', says Brazil' <> Deforestation of the Amazon rainforest in Brin a decade, according to official data. About 7,900 sq km (3,050 sq miles) of the world's largest rainforest was destroyed between August 2017 and July 2018 - an area roughly five the size of London.     “Because its [the Amazon's] vegetation continuously recycles carbon dioxide into oxygen, it has been described as the "Lungs of our Planet". About 20% of earth's oxygen is produced by the Amazon rainforest.”     Should they be put under sanctions by the international community and the United Nations?     The era we are now entering, the Anthropocene, promises to be an era with a high likelihood of conflict, triggered by many factors, climate change, energy security, sea level rise, water insecurity and massive refugee flows and massive ecosystem destruction. The international community therefore, needs to strive to its ultimate extent to prevent the destruction of the Global Commons.

Saturday, November 10, 2018

Standard Chartered Plc Facilitates First World Bank ‘Blue Bond’

Standard Chartered Plc in partnership with the World Bank, has launched the world’s first sovereign blue bond for the Republic of Seychelles.

The bond raised US$15 million from international investors, which would help expand and protect marine areas, improve governance of priority fisheries and develop the Seychelles’ blue economy.

The World Bank assisted in developing the blue bond and reaching out to the three investors: Calvert Impact Capital, Nuveen, and Prudential. Standard Chartered acted as placement agent for the bond.

Speaking about the landmark placement, the Chief Executive, Corporate, Commercial and Institutional Banking at Standard Chartered, Simon Cooper, was quoted in a statement to have said: “The world’s first sovereign blue bond is a landmark transaction and one in which Standard Chartered is proud to have played a role, in partnership with the World Bank and the Republic of Seychelles.