Discussion Paper

New Financial Architecture for Sustainability

April 2002

Earth Summit Ireland (ESI) is the umbrella body of Irish environmental NGOs preparing for the Rio +10 World Summit on Sustainable Development in Johannesburg. We write to express concern at positions taken by the EU during PrepCom III in New York. Our understanding of the EU position was that it favoured the inclusion of targets, timeframes, mechanisms and processes related to Sustainable Development objectives in the final Johannesburg agreement which after all, were agreed at Rio 10 years ago. Therefore we are concerned that the text currently being discussed is very weak in this regard. In response to …