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SUNS # 9444 Monday  25 October 2021


 
  Contents  

Trade: Developing countries to lose from digital services tax of OECD (PRIV)
(D. Ravi Kanth, Geneva)
The United States has announced an agreement with five European countries on a controversial trade dispute concerning the digital services tax imposed on hundreds of billions of dollars of revenue generated by the digital behemoths Google, Amazon, Facebook, and Apple, also known as GAFA, that could have serious implications for developing countries, said people familiar with the development.

Climate: Demand for "net-zero" emissions for all by 2050 exacerbates inequities (PRIV)
(Indrajit Bose, New Delhi)
"Demands for "net-zero" emissions for all countries by 2050 will exacerbate further the existing inequities between developed and developing countries", said ministers from the Like-Minded Developing Countries (LMDC) in a joint statement that was made public, following a virtual meeting held on 18 October.

Climate: Developed countries report US$45-52 billion in finance in 2017-2018 (PRIV)
(Indrajit Bose, New Delhi)
The UNFCCC's Standing Committee on Finance (SCF) adopted the summary of its Fourth Biennial Assessment and Overview of Climate Finance Flows (BA 2020) report at its 26th meeting held in a hybrid format from 12-14 October.


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