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

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

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

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

Reduce greenhouse gas emissions, but place a heavier burden on developed countries

Transfer technology from developed countries to poor countries, to replace chlorofluorocarbons in refrigeration

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