Systemic tax abuse, corruption, and money laundering slow down climate action, says the United Nations’ High-Level Panel on International Financial Accountability, Transparency and Integrity for Achieving the 2030 Agenda (FACTI Panel).
Even the FACTI Panel, including former world leaders and central bank governors, business and civil society heads along with professors, states bankers, attorneys, and accountants that empower financial crime need to confront punitive sanctions.
The panel contains today released its final accounts , “Financial Integrity to Sustainable Development,” where it states stronger institutions and laws are required to stop cross-border corruption and money laundering. As much as 2.7percent of the global GDP is laundered by offenders annually.
Electrek talked with Dalia Grybauskaitė, FACTI co-chair along with also the former president of Lithuania, about how authorities can address climate change with global finance reform.
The post Why global finance reform is a must for green power and climate actions appeared initially on Electrek.
Article Source and Credit electrek.co https://electrek.co/2021/02/25/global-finance-reform-green-energy-climate-action/ Buy Tickets for every event – Sports, Concerts, Festivals and more buytickets.com
Leave a Reply
You must be logged in to post a comment.