F or public
aut horit
ies , f
rom loc
al t o int
er nat
ional lev
el
C o
n c
e rn
in g
fin a
n c
ia l m
a rk
e ts
•
A b
an d
o n
c ar
b o
n tr
ad in
g a
n d
a ll c
o m
p en
sa tio
n m
ec h
an is
m s, b
an th
e u se
o f m
ar ke
t t o
o ls
fo r n
at u
re a
n d
lif e.
•
Ba n
f in
a n
cia l p
ro d
u cts
in d
ex ed
o n
n atu
ra l c
o mmo
n s, s
u ch
a s E
xc h
a n
g e-
Tr a
d ed
F u
n d
s C
o mmo
d ities
.
C o
n c
e rn
in g
c o
m p
a n
ie s
•
Ad o
p t b
in d
in g
leg is
la tio
n s th
at imp
o se leg
a l r
es p
o n
sib ilities
f o
r c o
mp a
n ie
s, wh ic
h a
ls o
a p
p ly
to th
eir su
b sid
ia ries
a b
ro a
d .
•
Re q
u ire
tr an
sp ar
en cy
fo r l
o b
b ie
s a t a
ll d ec
is io
n -m
ak in
g le
ve ls
, t o
e n
su re
th at
n o
in d
u st
ry p
re ss
u re
g ro
u p
h as
a p
riv ile
g ed
o r u
n fa
ir a cc
es s t
o p
o lic
y m ak
in g
.
•
Re q
u ire
fin an
cia l c
ou n
try -b
y- co
u n
try re
p or
tin g
, s o t
h at
m u
ltin at
io n
al co
rp or
at io
n s a
n d
b an
ks n
o l on
g er
e xp
lo it
le g
al lo
op h
ole s a
n d
ta x h
av en
s, c u
rre n
tly a
ce n
tra l k
ey to
th eir
a ss
au lt o
n n
at u
re .
C itize
n p
a rtic
ip
a tio
n
•
Re sp
ec t c
o m
m u
n iti
es r
ig h
ts a
n d
th eir
c en
tra l p
la ce
in d
ec is
io n
-m ak
in g
th at
co n
ce rn
s t h
e n at
u ra
l c o
m m
o n
s o
n th
eir te
rri to
rie s.
•
Fa vo
u r d
em o
cr at
ic , c
o lle
ct iv
e a n
d s
h ar
ed c
o n
tr o
l o f s
o cie
ty -w
id e d
ec is
io n
s en
er g
et ic
m o
d el,
p re
se rv
at io
n of
n atu
ra l c
o mmo
n s, la
rg e in
fra stru
ctu re p
ro je
cts etc
..
F or c
it izens
•
Re fu
se th
e f in
an cia
liz at
io n
o f n
at u
re b
y s u
p p
o rt
in g
a n
d p
ar tic
ip at
in g
in a
lte rn
at iv
es to
d ef
en d
a n
d re
cla im
th e c
o m
m o
n s.
•
So lic
it lo
ca l, n
at io
n al
an d
in te
rn at
io n
al d
ec is
io n
-m ak
er s a
b o
u t t
h es
e q u
es tio
n s.
•
Fin d
o u
t h o
w y o
u r s
av in
g s a
re u sed
a n
d wh
at th
eir s o
cia l a
n d
en vir
o n
men ta
l imp a
cts a
re: a
sk y o
u r b
a n
k ma
n a
g er
fin a
n cia
l a d
vis o
r to
g iv
e y o
u a
c o
mp lete b
rea kd
o wn
of th
e in ves
tmen ts
a n
d th
e ma ke-
u p
of th
e in ves
tmen t f
u n
d s.
•
Do n
o t p
la ce y
o u
r s av
in g
s with a
f in
a n
cia l p
ro d
u ct
in vo
lv ed
in th
e e xp
lo ita
tio n
of n
atu ra
l c o
mmo n
s. Th
e s p
ec ia
lis ed
web site of
F rien
d s of
th e E
a rth
F ra
n ce
w w
w .fin
an cer
espo n
sabl e
.o rg
a n
d th
eir g u
id e
En vi
ron m
en t :
How to c
h oose m
y sa vi
n g
s? will h
elp y
o u
ma ke a
n in
fo rmed
c h
o ic
e. A
ll i n
fo rm
at io
n re
g ar
d in
g th
is c
am p
aig n
c an
b e f
o u
n d
o n
lin e h
er e:
w w
w .a
m is
d ela
te rre
.o rg
e co
n o
m ie
ve rt
e
Th e
fed er
atio n
of
F rien
d
s o
f th
e Ear
th F
ran ce
is a
n o
n -p
rof it
en vir
o n
men ta
l a n
d h
u ma
n rig
h ts
n et
w o
rk , in
d ep
en d
en t f
ro m
a n
y r el
ig io
u s o
r p o
lit ic
a l i
n flu
en ce
. C re
at ed
in 19
70 , t
h ey
h el
p ed
b u
ild th
e Fr
en ch
e co
lo g
ic a
l m o
ve m
en t a
n d
h elp
ed fo
u n
d th
e w
o rld
s la
rg es
t g ra
ss ro
o ts
e n
vi- ro
n m
en ta
l n et
w o
rk , F
rie n
d s o
f t h
e E a
rt h
In te
rn at
io n
a l. F
rie n
d s o
f t h
e E a
rt h
F ra
n ce
fo rm
s a lo
ca l
n etwo
rk g
ath erin
g 3
a u
to n
o mo
u s lo
ca l g
ro u
p s th
at a
ct a
cc o
rd in
g to
th eir
o wn
p rio
ri tie
s a n
d su
p p
o rt
th e
n atio
n a
l a n
d in
tern atio
n a
l c a
mp a
ig n
s with a
s h
a red
v is
io n
fo r
so cia
l a n
d en
vir o
n -
men ta
l ju stic
e.
Les Am is d
e la
Ter re F
ran ce
2B ru
e J u
le s F
er ry
• 9
310 M
on tre
u il
• w
w w
.a m
isd ela
te rre
.o rg
• Té
l. : + 33
1 4 8 5
1 3 2 2
2 •
M ail
: f ra
n ce
am isd
ela te
rre .o
rg
Aitec • Asso
cia tio
n
In ter
n
a tio
n
ale d e
Te ch
n icien
s, E x
per ts et
C h
er ch
eur s
21 te
r, r u
e V olt
air e
• 75
11 P ar
is •
w w
w .a
ite c.r
es ea
u -ip
am .o
rg •
Té l : +
33 1 4
3 7 1 2
2 2 2
• M
ail : c
on ta
ct .a
ite c
re se
au -ip
am .o
rg
A tt
ac F
ra n
ce •
A ss
o cia
tio n
fo r t
h e T
ax at
io n
o f f
in an
cia l T
ra n
sa ct
io n
s f o
r t h
e A id
o f C
iti ze
n s
21 ter
, ru e
V o
lta ir
e •
75011 P a
ris •
w w
w .fr
a n
ce .a
tta c.o
rg •
Tél. : +3
3 1 56
06 43
6 •
Ma il :
a tta
cf r
atta c.o
rg
Th is
d o
cu men
t h a
s b een
p ro
d u
ced w
ith th
e f in
a n
cia l a
ss is
ta n
ce of th
e E u
ro p
ea n
U n
io n
. I ts
c o
n te
n ts
a re
th e s
o le r
es p
o n
sib ility of
F rien
d s of
th e E
a rth
F ra
n ce
, a n
d c
a n
u n
d er n
o c
ir cu
ms ta
n ce
s b e r
eg a
rd ed
a s r
ef lec
tin g
th e p
o sitio
n of
th e E
u ro
p ea
n Un
io n
.
Edited by Les Amis de la Terre France Friends of the Earth France en juin 2012 •
Rédaction : Juliette Renaud, Sylvain Angerand Les Amis de la Terre France •
Contributionsrelecture : Fanny Simon Aitec, Geneviève Azam et
Maxime Combes Attac France •
Coordinationrelecture : Caroline Prak Les Amis de la Terre France •
Conception et réalisation : nismo.fr - Illustrations : dessins de Otto T., couleurs de Lucie Castel, éditions FLBLB 2012 •
Crédits photographiques : FoEI, Macicca, Martin Vidal Pañuelos en Rebeldia •
Traduction : Henry Tidy
www.amisdelaterre.org
R e
c o
m m
e n
d a
ti o
n s
v v
v
N a
tu
re
i s
n o
t for s
a le
R espec
t c o
m m
un ities’
r ig
h ts.
St o
p th
e tak
eo ver
o f n
a
tur e
b y fin
an ce
In p
a rtn
ers h
ip with
:
A “g
reen e
c onomy
” w hic
h deepens
t he ec
ologic
al c ris
is
R e
c la
im t
h e
U N
fr o
m c
o rp
o ra
te c
a p
tu re
th e in
cr eased
w eig
h
t o f
th e
fin an
cial sec
to r in
th
e w o
rld ec
o n
o m
y
th e in
cr easin
g g
rab o f pr
o
fits b
y th e fin
a n
cial sec
to r
th e cr
e
a tio
n
o f n
e
w fin an
cial
p ro
d uc
ts a
n d
o f n
e
w fin an
cial
m ar
ke ts
Wh a
t is
a t
s ta
k e
a t
Ri o+
2
Tw en
ty
y ear
s
af ter
th
e Ear
th Sum
m it
in Rio
B
ra- zil
, e n
vi ro
n m
e n
ta l d
a m
a g
e h
a s c
o n
tin u
e d
a cc
e le
- rat
in g
, in
e q
u a
lit ie
s h
a ve
w id
e n
e d
a n
d th
e o
n g
o in
g cr
ises un
d
er m
in e
d em
o
cr acy
. It is
in th
is co
n te
x t t
h a
t t h
e U
n ite
d N
a tio
n s
C o
n fe
re n
ce o
n Su
st ain
ab le
D ev
elo p
m en
t, a ls
o k
n o
w n
a s “
R io
+ 20
”, ta
kes p
la ce in
J u
n e 2012.
A t t
h e
fo re
fr o
n t o
f t h
is c
o n
fe re
n ce
is t
h e
“g re
en ec
o n
o m
y” , p
re se
n te
d a
s a so
lu tio
n fo
r t h
e e co
lo g
ic al,
ec o
n o
mic a
n d
s o
cia l c
ris es
. Def in
ed b
y th
e Un
ited N
at io
n s E
n vir
o n
m en
t P ro
g ra
m m
e U
N EP
a s “
a n
ec o
n o
m y w
h ic
h b
rin g
s a b
o u
t a n
in cr
ea se
in h
u m
a n
w ell
-b ein
g a
n d
s o
cia l e
q u
a lit
y, w
h ile
s ig
n ifi
ca n
tly re
d u
cin g
e n
vir o
n m
en ta
l r isk
s a n
d re
so u
rc e s
ca rc
ity “,
in r
ea lit
y, it
c o
n sis
ts in
a p
p ly
in g
m a
rk et
in st
ru -
m en
ts a
n d
m ec
h a
n is
m s
in o
rd er
t o
“ m
a n
a g
e” n
at u
re a
n d
h u
m a
n w
ell b
ein g
. T h
e a
im t
h er
ef o
re is
to tr
a n
sf o
rm th
e ec
o lo
g ic
a l c
ris is
in to
a “g
reen ”
g ro
w th
o p
p o
rt u
n ity
fo r b
u sin
es s, w
ith th
e c re
at io
n o
f a n
in te
rn at
io n
al le
g al
fra m
ew o
rk w
h ic
h fa
vo u
rs th
e t ak
eo ve
r o f n
at u
re b
y m u
lti n
at io
n al
co rp
or at
io n
s a
n d
f in
a n
cia l f
u n
d s.
Th e
ban k
s h
a ve
suc cessfully
in filtr
a ted
th
e in
ter -
n at
io n
a l
in st
it u
tio n
s.
T h
e cr
ea tio
n , a
n d
o ff
ic ia
l re
co g
n iti
o n
, o f
a n
U N
E P
F in
a n
ce b
ra n
ch a
llo w
s th
em to
p ro
mo te
th eir
p riv
ate in
ter es
ts a
s p u
b lic
in ter
es ts
. C en
tr a
l in th
is s
tr ateg
y is
th e
la u
n ch
, a t
R io
+ 20
, o f a
“N at
u ra
l C a
p ita
l D ec
la ra
tio n
”. W h
at is
th is
? T h
e vis
io n
o f
th e
fin a
n cie
rs , b
a se
d o
n t
h e
co n
cep tio
n o
f en vir
o n
men t a
n d
of lif
e a
s a s
imp le
ca p
ita l
re so
u rc
e, a
n d
t h
ei r
su p
p o
rt f
o r
m ec
h a
- n
is ms
th at
p u
sh th
e f in
a n
cia liz
atio n
of n
atu re
.
T h
e e
c o
n o
m y
s w
a llo
w e
d u
p b
y th
e
fi n
a n
c ia
l s e
c to
r
Th e
ec o
n o
mic c
ris is
of th
e 19 70s
c a
u sed
p rof
o u
n d
ch an
g es
, a m
o n
g w
h ic
h th
e d o
m in
at io
n o
f t h
e e co
- n
o m
y a
n d
s o
cieties b
y th
e fin
a n
cia l s
ec to
r. Th e
in -
flu en
ce o
f b
a n
ks ,
in su
ra n
ce co
m p
a n
ie s
a n
d fin
a n
cia l in
stitu tio
n s g
rew , a
n d
a s a
c o
n seq
u en
ce, th
e in
flu en
ce o
f f in
a n
cia l ma
rk ets
. C o
n fro
n ted
b y
red u
ced p
ro fits
fr o
m th
e g
o o
d s a
n d
s er
vic es
s ec
- to
rs , c
o n
ser va
ti ve
g o
vern men
ts res
p o
n d
ed to
th is
cris is
b y
imp lemen
tin g
lib er
a lis
atio n
p o
lic ies
a n
d ec
o n
o mic
d er
eg u
la tio
n . A
t th e
co re
o f th
es e
p o
li- cie
s w as
“ Th
e W
a sh
in g
to n
C o
n se
n su
s”
, h ea
d ed
b y
th e
In te
rn a
tio n
a l M
o n
et a
ry F
u n
d I
M F
a n
d t
h e
W o
rld B
a n
k W
B ,
in c
o lla
b o
ra tio
n w
ith t
h e
U S
Tr ea
su ry
. Cu ts
in s
o cia
l b u
d g
ets , p
riv atiz
atio n
a n
d lib
er a
lis at
io n
fo llo
w ed
. In o
th er
w o
rd s,
th e
sa m
e “a
u st
er ity
” m ea
su re
s w h
ic h
G re
ec e
a n
d t
h e
re st
of E
u ro
p e c
u rr
en tly s
u ffer f
ro m.
T h
e c
ri s
is , T
H E
b
e s
t b
e t
fo r
th e
m a
rk e
ts
In th
is ec
on om
y d om
in at
ed b
y f in
an ce
, t h
e f in
an cia
l m
ar ke
ts a
n d
th eir
in st
itu tio
n s h
av e t
ak en
c on
tro l o
f th
e s p
h er
es o
f p ro
d u
ct io
n o
f g oo
d s a
n d
s er
vic es
. V ia
m ar
ke ts
fo r d
eb t, f
or cu
rre n
cie s, f
or sh
ar es
, fo r r
aw m
a- te
ria ls
g old
, s ilv
er, g
ra in
s e tc
., th
e e co
n om
y h as
b e-
co m
e a ca
sin o w
h er
e s p
ec u
la tio
n a
n d
ris k t
ak in
g le
ad to
th e c
on ce
n tra
tio n
o f p
ro fit
s i n
th e h
an d
s o f a
fe w
an d
d eb
ts fo
r t h
e r es
t. T h
e s at
isf ac
tio n
o f b
as ic
h u
m an
n ee
d s _
p en
sio n
s, h ou
sin g
, e d
u ca
tio n
, fo od
, h ea
lth , e
tc .
_ is s
u b
m itt
ed to
th e p
ro fit
n ee
d s o
f f in
an cia
l fu n
d s.
Th e f
in an
cia l d
om in
at io
n o
f t h
e e co
n om
y l ea
d s t
o a se
rie s o
f c ris
es . A
fte r t
h e I
.T. an
d h
ou sin
g b
u b
b le
s, t h
e m
ar ke
ts a
n d
th e
b an
ks a
re lo
ok in
g fo
r n ew
in ve
st -
m en
ts a
n d
p ro
fit
s. W ith
