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 or theyre minors or producers based on coal. Or 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 there is such a long way to go. But no we didnt 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 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 Funds just 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 has been to reduce the overall process wisc in the region economy and thats really this one is not instrument of the environment omar mental policy its not instrumental or foreign policy. Its a financial instrument to take care of the russian people things 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 their ownership activity has that is done. By our manager and we have. To take up certain issues in top management on the board of those companies those issues often involve topics related to any. Concerns including sustainability. Stood 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 invest in companies with 30 percent of the revenue from coal but that hurdle will be put down further. Every 2nd year 26 out of 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 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. Tree may be key to humankind survival they absorb the Greenhouse GasCarbon Dioxide and release oxygen but tropical rain forests are disappearing at larning right every 3 seconds 100 trees are felt. The same is happening in peru especially in the rain forest here in quito. Our reporter tanya absolute travel 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 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 place 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 microphone. Erosion 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 are smaller the farmers move on leaving behind fields that a little more than sand if you 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 but i think. You know thats why farmers have to burn the biomass to provide the soil with carbon that crops need to grow. In that are. 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. I still. We didnt even have to pour gasoline on it. Wed let the wood dry 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 dossed it was 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 parma 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. 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 to keep it healthy. The Indigenous People dont burn their fields where they can ok most of my mother taught me how to set up a chocolate and. You can see this farm wasnt burned. Because thats over the north you look at it has a lot of organic matter. Here you can see leaves and branches that havent been burned. And then. 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 other than say there. Is this my blender and yucca you can eat the roots. This. Is this woman this is a young banana plant. Its the picking up of. The chocolate intake concept is designed to provide a wide variety of foods in every season and once its up and running it last longer than fields and produces more work because some farmers in the area being trained so that they can pass on what theyve done. I think im going to want to think you know what then 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. 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. Ok to cheat. On my name is. Want to schmitz and im 15. I live in a zillion. Oh well im a guitar im writing my skates and going out with my friends. Oh. Then theyre going to. But i was robbed by the biggest global problem to me is the water scarcity thats affecting different regions in the world. As a result pork but i havent read many things. Im afraid of the longer enlightening thing hell im a little afraid of snakes tickle my eyes all mangoes. 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 work saturday the president of the p. O. P. O. Just into arder 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 it was among the people nice to see what out of i. B. M. In her element at 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 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 how she can help them. Whether theyre looking for. For a permission appointment or a job the mayors priority is to listen to the concerns of the people of the some. Of the i see the real problems on the ground its very important for me to listen to the president is 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 that means that 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 so what up to 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. Though the mayor also acknowledges the significance of a woman having this job. And norm going over the militancy here at home foes of course im proud but the elections werent easy people were always questioning whether a woman really had it in her to manage the city how most would it have made you know. This 54 year old rise to power is all the more significant because of the party that backs her it cannot start ascribed to the self as a muslim democratic. 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. Animist leanings you know were going to bring this back to 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 or the lawyer fired wilbraham 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 while law theyre now an open progressive party. Is over a short. So what after he says shes used to criticism. While some accuse her of mocking an artist islamised agenda and there is in more conservative tom secu surface parsing the very opposite this woman author if hes ever read the quran under staking her to task for not wearing a veil. Not a mayor replies that such a decision should be left to the individual. The enough the party is keen to present itself as world the and open that describes religion as a personal matter this 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 seward up to 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 well 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 the global snack. Grilled meat is popular throughout the balkans. But 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. Was a little nutty. Thomas not shish it is the grandson of the founders he preached cattle and slaughter as the animals himself this way he manages the entire production chain to ensure his beef is the best and that its a good lesson you know symbols which are its bunyan look at specific to the region its different from all other kinds of apache measures 5 centimeters by 2. The recipe is a closely guarded secret. And we use only top quality meat is. Richer than is. The flat bread is also placed on the grill so that it takes on the media roma at some salad and sauce and the choppy 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 year olds 30. 4. No. Order this is the place to come over to the thrower. Kubota. With flatbread goes down well with a beer in bosniaherzegovina chavasse 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 d. W. Dot com. And follow us on facebook d w women see you next time take care. India. How can a countrys economy grow harmony with these people but when there are do look at the Bigger Picture india a country that faces many challenges. And to speak more striving to create a Sustainable Future clever projects from europe. And india. Again 30 minutes on the w. A. Link to some africa and the world join us on facebook d w africa. Logo to the girl next you tube channel. Closed a gold mine of stewards. With exclusive insights. And a must see concerning arts and culture to ensure a. Place to be curious minds. Do it yourself networkers. So subscribing and dont miss out. On it early in the global tourist guide from germany is booming capital i love berlin the scope of the multicultural metropolis in our duramax series. Like. I love you even was sure it was a switzerland looks like swiss like me inside says the 15 nations 50 story. And 50 very personal tips on berlins very best features. Are led every week on t. W. So its you have to get through the bin disney get break without a football thanks. Again. To the plimsoll come from some place of excitement. Not something. To 19 womens my own. Because of the results on the d w. Play. This is deja vu news live from berlin hong kong protesters smashed their way into the legislative building they got in after spending hours for ramming through a window earlier thousands of prodemocracy protesters clashed with police there rallying against an extradition bill well get the latest also coming up the sleepy summit they talked through the night but European Union leaders still could not decide who should get the top jobs heated talks over the powerful post the commissions president have a deep divide us