NEW YORK – Financial markets serve two crucial purposes: to channel savings toward productive investments, and to enable individuals and businesses to manage risks through diversification and insurance. As a result, the sector is essential to sustainable development, which represents unprecedented global-scale investment opportunities and risk-management challenges. That is why, when world leaders meet this [...]

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The year 2015 will be our generation’s greatest opportunity to move the world toward sustainable development but achieving the UN Sustainable Development Goals (SDGs) will require tackling urgent challenges. Sustainable development is the central drama of our time. The world’s governments are currently negotiating a set of Sustainable Development Goals, or SDGs, for the period [...]

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Members of the Congressional Progressive Caucus and Fellow Citizens, The true State of the Union, and the state of the world, in 2015 can be described in one word: precarious.  Despite our wealth, our technological knowhow, our global social media, we are a world at war with each other and with the planet itself.  At [...]

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NEW YORK – Around the world, institutional investors – including pension funds, insurance companies, philanthropic endowments, and universities – are grappling with the question of whether to divest from oil, gas, and coal companies. The reason, of course, is climate change: unless fossil-fuel consumption is cut sharply – and phased out entirely by around 2070, [...]

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NEW YORK – The European Central Bank has finally launched a policy of quantitative easing (QE). The key question at this stage is whether Germany will give the ECB the freedom of maneuver needed to carry out this monetary expansion with sufficient boldness. Though QE cannot produce long-term growth, it can do much to end [...]

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The overwhelming truth about the Greek debt crisis is that it’s a massive distraction. Greece accounts for a mere 2% of the eurozone economy and the EU population. This doesn’t mean that Greece should be pushed around, still less pushed out of the eurozone. It means the very opposite: the crisis should be resolved, and [...]

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Twenty-two years ago, when the price of gas at the pump was $1 a gallon and a movie ticket was $4, Congress saw fit to set the gasoline tax at 18.4 cents a gallon. The idea was to ensure enough funds for the Federal Highway Trust Fund to keep our roads and bridges in good [...]

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The announcement that last year was the warmest on record puts another nail in the coffin of climate denial. Not that one was needed. The pseudo-debate about climate science has always been about politics, not science. There are two main sources of climate denial. The first is libertarian ideology, which opposes government more than climate [...]

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