Financial Transparency Coalition

WASHINGTON, D.C. – Africa concentrates 48.9% of identified industrial and semi-industrial vessels involved in illegal, unreported, and unregulated (IUU) fishing,

Lisa Ann Elges of Task Force coordinating committee member Transparency International praised the latest draft of the G20's "Future We Want" document on Monday for including a goal of anti-corruption. Indeed, as climate change becomes a greater problem that requires mobilization of finances, the current level of corruption will threaten any form of assistance, aid, and prevention. After the 2009 cyclone Aila, for instance, Khadija Begum of Bangladesh complained to Transparency International that the builders constructing her new home, financed by foreign aid, sold the iron and concrete they were given and, instead, constructed a wall-less home of tin...

“If you don’t know how to fix it, please stop breaking it,” was the press headline when Severn Suzuki addressed heads of states in Rio de Janeiro in 1992. She was twelve years old, at what was then the world’s biggest-ever political gathering. In an impassioned critique of unfettered industrialism, Severn lamented the decline of the natural world, and the many injustices that man has wrought upon it. “I’m fighting for my future,” she said.

Large amounts of money are needed to address the impacts of climate change. If we succeed in limiting global warming to 2°C, this will still require as much as US$275 billon. A new report released by Eurodad calls into question the latest desperate initiative of donors to fill the gaps in public climate finance: investing in the private sector with the aim of leveraging additional funds. Rich countries promised to mobilise resources to help developing countries deal with climate challenges. However, they are failing to meet their commitments. According to the World Resource Institute’s preliminary analysis of the Copenhagen’s Fast...