‘Basel III Accord’ or simply ‘Basel III’, often seen in the news, seeks to...

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‘Basel III Accord’ or simply ‘Basel III’, often seen in the news, seeks to

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improve banking sector’s ability to deal with financial and economic stress and improve risk management

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develop national strategies for the conservation and sustainable use of biological diversity

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reduce the greenhouse gas emissions but places a heavier burden on developed countries

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transfer technology from developed Countries to poor countries to enable them to replace the use of chlorofluorocarbons in refrigeration with harmless chemicals