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OECD countries agree to restrict financing for overseas coal power plants

2015-11-18 12:56:00| Climate Ark Climate Change & Global Warming Newsfeed

Associated Press: A compromise struck by the United States, Japan and several other major nations will restrict export financing to build coal power plants overseas, but not eliminate it completely. The agreement reached Tuesday is an important step forward that sends a strong political message ahead of upcoming international climate change negotiations in Paris, an American official and environmentalists said. Japan and the United States were long at odds on this issue. The Obama administration announced in...

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OECD warns Brazil on environment, economy risks

2015-11-04 19:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Agence France-Presse: Brazil is destroying an area of rainforest the size of Israel every four years despite major conservation progress, the OECD economic grouping said Wednesday. Biologically diverse Brazil will be a key player among the 195 countries at the UN climate conference in Paris in December, which will look to reach a global agreement on limiting climate change. In its first environmental survey of the country, the Organization for Economic Cooperation and Development warned that Brazil must take further...

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Use of big data increases productivity by 5-10% - OECD

2015-10-07 14:37:00| Telecompaper Headlines

(Telecompaper) Companies using data-driven innovation have increased their productivity 5-10 percent faster than non-users, according to a new OECD report. The migration of economic and social activities to the internet and the advent of the Internet of Things along with dramatically lower costs of data collection, storage and processing and rising computing power means data-analytics is increasingly driving innovation and is potentially an important new source of growth, said the OECD. However, the report finds that countries could be getting much more out of data analytics in terms of economic and social gains if governments did more to encourage investment in "Big Data" and promote data sharing and reuse.

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OECD targets company tax avoidance

2015-10-05 15:51:21| BBC News | Business | UK Edition

Companies should pay tax in the countries where they conduct business under new proposals from the OECD that are intended to cut corporate tax minimisation.

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Korea "breaks" OECD rules over Daewoo Uzbek cotton

2015-08-05 13:43:00| Daily apparel & textile news and comment - from just-style.com

A decision by the Korean Government not to investigate Daewoo International Corporation for sourcing cotton from Uzbekistan over forced labour concerns has broken with its responsibilities as a member of the Organisation for Economic Cooperation and Development (OECD), campaigners say.

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