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 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 ethical reasons close to 70 called producers or record companies. From the fall. 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 funds green credentials given that there is such a long way to go. In the region government here is speaking with 2 tongues. No we didnt Prime Minister it was telling last on the 24th of may while speaking in front of that climate striking school kids what they that 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 fund shes talking about this in climate terms and and one could ask who is actually the boss and the person in charge here Environmental Protection may indeed be a concern but the funs 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 not really. Its not instrument of the environment im our mental policy its not instrumental our Foreign Policy its a financial instrument to take care of people so. 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 International Oil and 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 in 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 we not the best in companies with 30 percent of the revenue from coal but that hurdle will be put down further. Every 2nd year by 2026 out. The Sovereign Wealth Fund has investments in thousands of listed companies as of april 29000. 00 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 contribute 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. Trees may be key to survival they absorb the Greenhouse GasCarbon Dioxide and release oxygen but tropical rain forests are disappearing at alarming rate every 3 seconds 100 trees are felt. The same is happening in peru especially in the rain forest ketones. Our reporter tanya flute traveled to the region and found that logging has increased there over the past decade but that may be changing out. 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 that 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 the toss. The farmers clear the land by hand tree by tree that may burn them its a common practice throughout the region. And anything its bad for the environment it releases large amounts of Greenhouse Gases deforestation in the Amazon Region is continuing as a soil erosion. So were going to shortens the nutrient cycle it kills the macro and the 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 a little more than sand. You know 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 within that of london 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 basics of their livelihood. We didnt even have to pour gasoline on it. Wed let the wood dry for 3 months. We only burn 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 pettus has farmed this land the conventional way for 5 years now hes learning something new for the czech cooney 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 get out of an organic farming method in which the land is cleared of weeds and plants approved selectively. Were tapping the forest here to create a chakka into. Without burning them and weve planted a lot of plants these edible plants Medicinal Plants timber and fruit 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. Indigenous people dont bring their feel. Where they can ok most of my mother taught me how to set up a check. You can see this farm wasnt burned. But over the months you look at it has a lot of organic matter. Does here you can see leaves and branches that havent been burned. Its been composted so that the soil retains its moisture microorganisms and other tiny creatures setting up a chuckling to get out requires 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 other than say that. You can eat the roots. This. Is one of the 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 of being trained so that they can pass on what theyve learned. I think im going to think in their will 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 woman. 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 have. A clinton team. And then my name is the outrage but i also want to schmitz and im 15. I live in a zillion. Oh i stopped as i like to hang guitar writing my skates and going out with my friends. That i was robbed by the biggest global problem to me is the water scarcity and thats affecting different regions in the world. I dont reduce work i have only have many things. Im afraid of to wander in lightning and hail and im a little afraid of snakes tickle my eyes or may not. 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 underrepresentation 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 works the president of the v. O. P. Are. Just in the order Prime Minister of new zealand and uncle 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 among the people this is somewhat out of i am in her element of the mayor of tunis is adept at giving swift and clear orders she tells the men that the pavement needs to be extended. Next its off to a market in situ me one of the citys poor 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. Whether theyre looking. For a permission appointment or a job the mayors priority is to listen to the concerns of the people of the sun. Over there 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 can move 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. 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 thats. 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 whether that involves installing Street Lighting improving Waste Disposal or transportation. The mayor also acknowledges the significance of a woman having this job. An on 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 how most 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 describe to itself 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 parties in. Its a mess leanings you know were not going to bring this fact in there 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 veils 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. Lawyer filed well brought home doesnt believe that the party is as progressive as it claims to be. That. Its all a facade theyre not a party and the limits in tunisia are very clever they selected a woman who doesnt wear a veil in order to show that voila theyre now an open progressive party. Over 40. So what after him says shes used to criticism. While some accuse her of mocking an artist islamist agenda and there is in more conservative comps accuse her of her spicing the very opposite of. This woman author if shes ever read the koran and is taking her to task for not wearing a veil. Not a 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 and 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 with. 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 were adopted by 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 arab women. We have shown that women can contribute to political life when you most of my. Time now to head to her next appointment. Since the arab spring tunis has become dirtier and more chaotic seward out of our team wants to do her bit to change things for the better. That means battling 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. Like one traditional recipe comes from banja luka its bosniaherzegovina 2nd largest city. This relaxed neighborhood draws both locals and tourists along with shops and outdoor chasse its also home to open likes which started out 40 years ago as a butcher shop. Last. Year. Thomas lachish it is the grandson of the founders he greets cattle and small others the animals himself this way he manages the entire production chain to ensure his beef is the best medicine for the inevitable future bunyan look at specific to the region its different from all other kinds. Of patchy measures 5 centimeters by 2. The recipe is a closely guarded secret. And we use only top quality meat this is the nature of. The flat bread is also placed on the grill so that it takes on the media roma at some salad and sauce and the poppy is ready to serve. The public sells around 500. 00 portions a day. A large helping with 200 grams of meat costs the equivalent of 3 heroes 30. 4. About 0. Order this is the place to calm the literal. Cofer. With flatbread goes down well with a beer in bosniaherzegovina chalky is considered something of a national dish. 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. Of. Our theyd genuine bauhaus lamps are cheap copies from an online catalog. Owns the rights to ideas and images. The right sir indispensable for many enterprises. But are they in keeping with the time sir. Made in germany. Clintons fault g. W. Quandary go International Talk show its been a tumultuous week in german politics in europe resolve bitter divisions over migration the government it is said stead into the abyss could friendly fire for President Trump to defeat one of the Strongest Military alliances in the streets one of my guests have to say on quadriga. Margarita on t. W. Filleted have to get through the biggest make it break without a football thanks think again. If he wins both come from inside the box of excitement. Not such. Extremes in 19 women stood. Above all the results on the d. W. P. I am. Diabetic. Its been 15 years since the monday. People was the 1st man to walk on the moon. As a small boy she dreamed of the stars. As a pilot she flew anything no matter how to introduce. A church or go to the polls. As an astronaut he took part in the greatest adventure in history. But the room a legend or simply a human being who was neil armstrong. Was his destiny starts july 20th d. W. E. U. Leaders have decided on the most important job in the European UnionGerman Defense minister on the land is due to become the new president of the European Commission and christine that god currently head of the i. M. F. Will become the leader of the European Central bank if the European Parliament agrees to both candidates