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Accommodation levels in Rio de Janeiro are anticipated to be at full occupancy during the conference. While it is not the responsibility of the United Nations to procure accommodation for the media, it should be noted that the Brazilian national organizing committee for Rio+20 has committed to blocking a minimum of 500 hotel rooms in Rio de Janeiro for media covering the conference. Costs must be covered by the media. For more details, visit: http://www.rio20.gov.br For information regarding room availability please contact: Terramar Travel Agency

Emails: reservas2@terramar.tur.br or reservas4@terramar.tur.br or reservas8@terramar.tur.br

Tel: (+55+21) 35120067 or (+55+11) 30142042 or (+55+19) 35145600

Media representatives must present their approval letter and copy rio20.hoteis@itamaraty.gov.br when requesting their accommodations.

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Global leaders point way to economic recovery at UN summit
With economic recovery topping the United States and global political agenda, a group of CEOs, major investors and bankers together with former United Kingdom Prime Minister Gordon Brown and President of Ireland Mary Robinson called for a far-reaching reform of the global financial system at a summit which ended in Washington D.C. today.

Amid a growing wave of protests highlighting economic concerns in countries from the US to the UK, Japan and Greece, more than 500 movers and shakers from around the world met at the United Nations Environment Programme Finance Initiative Global Roundtable ( UNEP FI ) summit to find sustainable solutions to tackle the drivers of market volatility and address the deepening rift between the rich and the poor.

Among those calling for change include United Kingdom Prime Minister Gordon Brown, former Irish President Mary Robinson and as well as decision-makers in the investment, banking and insurance sector such as State Street Global Advisors, Aviva Investors, China Merchants Bank and Munich Re. Other speakers included US Environmental Protection Agency Administrator Lisa Jackson.

Recommendations included the implementation of policies that can mobilize investment at scale by the banking and investment sectors into emerging industries associated with sustainability including the clean energy sector, renewable energy, green buildings and retrofitting, clean vehicles and fuels.

"Economic policies must move in a direction that balances the needs of all stakeholders. It is not enough to restore the financial industry to previous levels of capitalization and profitability, without simultaneously providing a path that seeks to return all Americans to their previous levels of economic security and opportunity," said Calvert Investments CEO and UNEP FI co-chair Barbara Krumsiek.

"The world's economy is at a tipping point. The risk that the disconnect between grassroots economic realities and financial markets erodes the trust that binds us together is real. If we are to avert this scenario, the global economy's most damaging flaws must be re-engineered with the adoption of market practices that value both sustainability and long-term financial stability," said UNEP FI's head Paul Clements-Hunt.

The summit's participants stressed that with the right incentives in place private finance can play an essential role in spurring a recovery of the US economy and achieve job-creation in sectors ranging from green technology to ecosystem management.

For instance, a well-regulated forest-carbon market could, for instance, grow to $10+ billion USD by 2020, according to The Economics of Ecosystem and Biodiversity ( TEEB ), while that of total forest ecosystem goods and services is estimated at $5 trillion USD.

With less than a year to go before the much-talked about UN Conference on Sustainable Development ( or Rio+20 ) in Rio de Janeiro, Brazil, UNEP FI explained that the Washington D.C. Global Roundtable was the first in a series of agenda-setting and action-oriented discussions on the private sector's increasing role in global environmental protection.

"Clearly the financial world must do its part in creating mechanisms that lead to a more equitable and green economy. The set of concrete proposals put forward during the Global Roundtable are a politically credible and economically sound roadmap to achieve this goal. The outcomes of the Roundtable are indeed very timely, as it offers tangible solutions to the 99 percent who feel marginalized by the current economic system," said Mary Robinson, the former President of Ireland.

Global Roundtables carry a well-established tradition that has spanned the globe from New York to Cape Town, Rio de Janeiro to Tokyo.

A number of side-events took place over the course of the two-day summit, including the launch of an initiative to integrate ecological risk in sovereign credit ratings and government bonds, as well as the launch of the 2011 Investor's Statement on Climate Change, with which investors worth $20 trillion urged a legally-binding climate treaty.
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