Minded does its Sovereign Wealth Fund also invest sustainably. The Climate Crisis is slowly to slowly taking center stage in Public Awareness around the Globe Companies involved in oil coal and gas are the target of mounting criticism more than 70 percent of Greenhouse Gas emissions come from just 100. 00 fossil fuel producers the top 5 are petro china exxon mobil be peace in a pack and royal dutch shell. Investors used to love fossil fuels as a way to make lots of money but now many are frightened of holding stranded Assets Investment is turning into divestment. Investors are reversing course shedding stocks and bonds in coal gas and other climate killers norway is taking it very seriously its. Sovereign wealth fund is pursuing a program of divestment how well is it working. Norways Sovereign Wealth Fund has assets of 9 trillion norwegian kroner thats roughly a trillion euros its known as the oil fund it invests worldwide and is run by the central bank it was set up in 1009 190. 00 and is now the largest fund of its kind in the world the aim of the fund is to ensure responsible management of revenue from the countrys oil and Gas Resources for the benefit of current and future generations. So what does responsible management mean. The funs investments have become a topic of heated debate. The Norwegian Parliament has barred it from owning stakes in a range of arms tobacco and fossil fuel firms. Its had to sell holdings in hundreds of companies in a major divestment initiative. Some of those companies are. Coal producers either my nurse or producers based on coal. For those. Close to 70 coal producers. That was in 2014. Ecology activists at 1st welcomed the divestment by such a major player as a significant move towards responsible sustainable investing. But some are now saying that its premature for politicians to talk up the funs green credentials given that theres such a long way to go. In the region government here is speaking with 2 tongues. No we didnt Prime Minister was telling last on the 24th of may while speaking in front of climate striking school kids what they what the norwegian government has done since the Previous School strike was actually to divest 134 Oil Companies from the state on punch and Pension Funds since shes talking about this in climate terms and and one could ask who is actually the boss of the person in charge here Environmental Protection may indeed be a concern but the funds core mandate is to preserve the wealth of the norwegian people if the world finally turns away from oil and fossil Fuels Holdings and related industries could collapse in value we are not aiming to send a message to the world that we are aiming to take good care of the region People Savings and the aim of this process is to reduce the overall process wisc in the region economy. Thats really this one is not instrument of the environment omar mental policy is not instrumental our Foreign Policy its a financial instrument to take care of the russian People Savings the Sovereign Wealth Fund is selling holdings in all dedicated oil and gas explorers and producers but for now its keeping stakes in Oil Companies that are also involved in Renewable Energies the backdrop to all this is that norway itself is a major oil and gas producer those resources are in fact the very source of its wealth so some critics wonder how serious the fund really is about divesting from internet. Well in gas corporations. One argument to remain invested in Controversial Companies is that as an investor one can influence corporate policy. That ownership activity that is done. By our manager. To take up certain issues. Top management on the board of those companies those issues often involve topics related to n. Y. Many. Concerns including sustainability. Stuart a brand group is a Financial Services company its investment arm is run by young eric so we start its norways largest private sector asset manager but less than 110th of the size of the Sovereign Wealth Fund it started reducing its exposure to coal in 2013 and has committed to a specific divestment timetable we also communicated that. Not only would be not invest in companies with 30 percent of the revenue from coal but that her to put. Further. Every 2nd year and by 2026 out called the Sovereign Wealth Fund has investments in thousands of listed companies as of april 29th team it is also allowed to invest in unlisted Green Infrastructure ventures some environmental activists say that should be its focus so if the ministry of finance really want to be a part of contribution to this growth then what they should do is to increase the mandate for their unlisted investments in renewable infrastructure companies. The funds mandate has been shifting concerns about the environment are gaining weight perhaps in the face of public pressure it could well be that protecting norwegians wealth and protecting the environment. Proved to be compatible. May be key to survival they absorb the Greenhouse GasCarbon Dioxide and release oxygen but tropical rain forests are disappearing right every 3 seconds 100 trees are felt. The same is happening in peru especially in the rain forest here. Our reporter tanya flute travelled to the region and found that logging has increased there over the past decade but that may be changing now. In. The jungle around his home to more species that almost anywhere else on a. Its a kind of paradise but its under threat. Just 15 years ago giant trees grew near the city floated down the river from further away because there are none left here. Deforestation is on the rise logging yields valuable timber in which theres a large illegal trade and forests are being cleared for large plantations. But smallholder farmers also cut down trees as they have done for centuries. Like here in trace only those not far from toss. The farmers clear the land by hand tree by tree that made them its a common practice throughout the region. Its bad for the environment it releases large amounts of Greenhouse Gases deforestation in the Amazon Region is continuing as a soil erosion. So earning timber shortens the nutrient cycle it kills the macro and micro fauna. Means the rain washes away more and more soil and the land becomes useless. Initially the ash actually makes the soil more fertile but only for one season the following year crop yields generally a smaller the farmers move on leaving behind fields that are little more than sand. And believe me when you see t. V. Reports about the great biodiversity of plants in our region you might think the soil in the amazon is fertile and good for farming. But only 4 or 5 percent of the land is suited to agriculture. You know thats why farmers have to burn the biomass to provide the soil with carbon that crops need to grow. Up with in that i plant. Cutting down trees is not optional for the People Living here its a key element in their farming practices at the same time they gradually destroying the very basis of their livelihood. We didnt even have to pour gasoline on it. Wed let the wood drive for 3 months. We only burned when the wind isnt too strong otherwise the fire could spread. My children and i keep watch. A couple of times the fire got too close to our house we doused it has lots of water. But when the fire is further away we just let it burn everybody around here does it everyone in the area. Most farmers here grow pineapple bananas or yucca this kind of monoculture tends to deplete the soil that paris has farmed this land the conventional way for 5 years now hes learning something new for the check could he institute in geo devoted to palm a culture has started a Pilot Project in the region to stop fields being cleared by burning it introduces what it calls chuck into a god and organic farming method in which the land is cleared of weeds and plants approved selectively. Were tapping the forest here to create a check into the car. Without burning. And weve planted a lot of plants these edible plants Medicinal Plants timber and free trees. The Organization Says its working with local communities to reactivate knowledge from precolumbian times ancient wisdom that was passed down by word of mouth within a few families on how to farm the jungle sustainably and keep it healthy. So the Indigenous People dont burn their fields where they cannot get most of my mother taught me how to set up a check. You can see this farm wasnt burned. It has a lot of organic matter. Here you can see leaves and branches that havent been burned. Or that its been composted so that the soil retains its moisture microorganisms and other tiny creatures setting up a check going to require a lot of knowledge of the rainforest plants which ones need lots of light which ones grow in partial shade what are their life cycles what kind of soil do they need and how far apart should they stand. This is cotton it also has medicinal uses. This is a drug the word is used in construction. And you can eat the roots. This. Is this woman this is a young banana plant. The check into concept is designed to provide a wide variety of foods in every season once its up and running it last longer than burned fields and produces more workers and farmers in the area are being trained so that they can pass on what theyve learned. I think im going to want to think in there im looking forward to this i know that i will produce more and plant on the land again and again. Ill be doing it like this. Here theres been no burning. We harvest some of the plants and we leave some of them to dry out and be used as fertilizer the main thing is that the harvest is better and its better for the environment. So its a win win situation using ancient agricultural expertise to restore the power of the jungle. We know it 3000 kilometers southeast to meet a teenager in the capital of brazil i am. Ok to change. My name is be after a shower but i also want to schmitz and im 15. A model i live in a zillion. Oh i stopped i like on a guitar im writing my skates and going out with my friends. That i was robbed by the bank is global problem to me is the water scarcity and thats affecting different regions in the world. I dont reduce work im not really have many things. Im afraid of to wander in lightning hell im a little afraid of snakes tickle my eyes all mammals. Going out with my friends enjoying life going out to parties but most of all being with my family my is. A global issue that just wont go away is the under representation of women in politics there are more than 190 states but only 23 have a woman as head of state or government 3 illustrious examples of women in high Office Design works the president of the v. O. P. Are. Just in the art of Prime Minister of new zealand and im going to america chancellor here in germany. In the arab world there are no women running a country and most of the 22 Capital Cities have men as mayors. However in tunis a woman was elected as mayor almost a year ago. Lives and about among the people there is to see what in her element its about the mayor of tunis is adept at giving swift and clear order as she tells the men that the pavement needs to be extended. Next its off to a market in situ me one of the citys poorer districts. As one of only a handful of female mayors in this part of the world shes considered somewhat of a trailblazer. But most people here are simply interested in what she can help them and. Why theyre looking. For a permit for an appointment or a job the mayors priority is to listen to the concerns of the people at the center. Of the i see the real problems on the ground its very important for me to listen to the president because the people here have placed their trust in me and id like to reciprocate that he moved to the officials. This is he has built a new market hole to stop the proliferation of illegal vendors but renting a space is expensive so many people are unhappy about that and want the mayor to take action and of course there are other issues too. Until this very moment i say congratulations on the election but id like it even more if she found work for my children they just hang around on the street and miss them that. The population of tunis is on the rise. Having been in office for a year after him has tackled a range of issues both large and small she wants to focus on solving practical problems what about involves installing Street Lighting improving Waste Disposal or transportation. Though the mayor also acknowledges the significance of a woman having this job. And more going on about a whole host of course im proud but the elections werent easy and people were always questioning whether a woman really had it in her to manage the city hominess would have made you know. This 54 year old rise to power is all the more significant because of the party that backs her if they cannot start described as a Muslim Democratic Party its decision to support an unveiled woman in her quest to become mayor of the countrys capital city went against perceptions of the parcheesi. Animist leanings you know were not going to bring this back to her so. There are a lot of prejudices against our party such as we want to banish women to their homes and force them to wear valence my message is that none of that is true none of that appears in a not those election manifesto. But not everyone is convinced by these kinds of statements and the lawyer crowd wilbraham doesnt believe that the party is as progressive as it claims to be. That. Its all a facade theyre not the party and the as limits in tunisia are very clever they selected a woman who doesnt wear a veil in order to show that theyre now an open progressive party. Over a short. So what after he says shes used to criticism. While some accuse her of mocking an arthouse islamist agenda and there is in more conservative thomas accuse her of espousing the very opposite this woman oxer if shes ever read the koran and is taking her to task for not wearing a veil could you mean by this mean that the mayor replies that such a decision should be left to the individual. The a not a party is keen to present itself as world the end open that describes religion as a personal matter to shift away from socalled political islam is considered a strategic political move one that will endear it to a larger crosssection of society specifically to those who are traditionally have shunned an islamist party. And. Islam was a response to tunis he has dictatorship. But now were reacting to the shift towards. Crissy. Thats why we separate politics and religion and thats why democratic islam exists. This is the view through word up that i hear him hans from her desk. Not everyone here supports her political ascent. But shes determined to prove her critics wrong in a former life she worked as a manager in the pharmaceutical industry now she wants her policies to do the talking. Here in tunis we have become role models for tunisian and all arab women. We have shown that women can contribute to political life. Well a you most of my. Time now to head to her next appointment. Since the arab spring tunis has become dirtier and more chaotic suid top of our team wants to do her bit to change things for the better if that means cutting bureaucracy as well as preconceptions. And. Before we go theres just enough time for something savory in our series a global snack. Grilled meat is popular throughout the balkans. But one traditional recipe comes from banja luka its Bosnia Herzegovina 2nd largest city. This relaxed neighborhood draws both locals and tourists along with shops and outdoor chats its also home to open likes which started out 40 years ago as a butcher shop it was a. Little bit of. Thomas not fish it is the grandson of the founders he greets cattle and small as the animals himself this way he manages the entire production chain to ensure his beef is the best. For the notables future bunyan look at specific to the region its different from all other kinds. Of cutting measures 5 centimeters by 2. The recipe is a closely guarded secret of this and we use only top quality meat and this is the nature of. The flat bread is also placed on the grill so that it takes on the media roma add some salad and sauce and the choppy is ready to serve. A couple excels around 500 portions a day. A large helping with 200 grams of meat costs the equivalent of 3 euros 30. The for. About oh. Boy this is the place to come up with all of. Her love with flat bread goes down well with a beer in bosniaherzegovina chalky is considered something of a national dish. And thats all from global 3000 this week but we love hearing from you write to us at global 3000 and d w dot com. And follow us on facebook d w women see you next time take care. One dream gunning International Talk shows its been a tumultuous week in german politics in europe resolved bitter divisions over migration the government it is said stead into the abyss could friendly fire from President Trump to defeat one of the Strongest Military alliances in the streets to know what my guests have to say on quadriga. Trigona on d w. D t you know that 77 percent. Are younger than 60 pot cuts me and me. And you know what time no voice is. The 77 percent speech obama. Is where you cut. The 77 percent this weekend on d w a. Coon. Logo to the girl max new channel. Closer to the final stewards. With exclusive inside. The must see concerning parts culture to ensure a. Place to be for curious minds. Do it yourself networkers. So subscribers dont miss out on a good. Burglar global tourist guide funnies food capital i love berlin the full scope of the multicultural metropolis you know where your attack syria the battle plan it seems like the term simply means that i love you even once showing once again switzerland looks like swiss like me the site says the 50 missions the 50 story. And 50 very personal tips on bird. Very. Good con t. W. This is day 2 of the news live from the prodemocracy demonstrators in hong kong into the cities thats just taking over the chamber and spray painting onto just one slogan some action is part of continuing protests against a proposed bill to allow extradition to china also on the program breaks the terms of the 2015 nuclear deal for the 1st time its foreign minister to class of this country has exceeded decreed