Economy & Trade

Much more climate finance now!

Funding developing countries’ climate change mitigation and adaption efforts was never going to be easy. But it has become more uncertain with President Trump’s decision to leave the Paris Accord. As a candidate, he threatened not to fulfil the modest US pledge of US$3 billion towards the 2020 target of US$100 billion yearly for the Green Climate Fund (GCF).

114 Nations Seek Support to Implement UN’s 2030 Development Agenda

Two years have passed since the world came together to adopt a truly remarkable framework for common progress: the 2030 Agenda for Sustainable Development. The Agenda is transformative and inspiring its own right. That it was agreed at a time of severe political divisions on so many other issues was especially encouraging. Since then there has been very promising momentum around the world.

Latin America Discusses How to Finance the Sustainable Development Agenda

Is it possible for the financial sector of Latin America and the Caribbean not only to think about earning money but also to contribute to the 2030 Agenda for Sustainable Development? The answer was sought in Buenos Aires, Argentina, at a regional roundtable on sustainable finance, the United Nations Environment Finance Initiative.

How Aid in Cash, Not Goods, Averted a Famine in Somalia

In February, when the government of Somalia sounded an alarm to the UN about risks of a famine in the country, the UN’s Office of Coordination of Humanitarian Affairs (OCHA), besides quickly shuffling a response team, was acting from a steep sense of history. The Office, instead of sending out massive aid packages, distributed cash vouchers to families who could spend it to buy goods according to their needs.

How Ivory Fell into the Hands of Organized Criminal Syndicates

Ivory is like a drug and you have to be careful with it. If you are serious and desire it, you can get all you want, but you have to be patient and act very carefully,” a Cameroonian man selling ivory items from a network of shops across Central Africa, told TRAFFIC investigators in 2014.

Scaling up Development Finance

The Business and Sustainable Development Commission has estimated that achievement of Agenda 2030 for the Sustainable Development Goals will require US$2-3 trillion of additional investments annually compared to current world income of around US$115 trillion. This is a conservative estimate; annual investments of up to US$2 trillion yearly will be needed to have a chance of keeping temperature rise below 1.5°C.

Cambodia no Longer Compliant with the Global Deal

Swedish Prime Minister Stefan Löfven made a special effort to reach this global agreement between countries, unions and businesses. The bearing idea is that by initiating dialogue in society, salaries can be raised, business profits improved and political stability strengthened.

Europe, New Border of Africa’s ‘Great Desert’ – The Sahara

With the highest temperatures on record and unprecedented heat waves hitting Europe this year, Africa’s ‘Great Desert’, the Sahara, is set continue its relentless march on the Southern European countries until it occupies more than 30 per cent of Spain just three decades from now.

Robots: A Solution to Declining and Aging Populations?

Are humanoid robots or androids a solution to declining and aging populations? Given the prospects of demographic decline and population aging coupled with growing opposition to immigration, countries are increasingly turning to and investing in advanced robotics and androids to address shrinking workforces and rising numbers of elderly.

Small Entrepreneurs Emerge as Backbone of Bangladesh’s Rural Economy

She was born in the early 1950’s to an ultra-poor family in Kundihar, a remote village of Banaripara of Barisal division in Bangladesh. She was a beautiful baby and her father named her ‘Shahndah Rani’ which means ‘Queen of Evenings’. But in reality her life was far from that of a queen.

Towards a Resource Efficient and Pollution Free Asia-Pacific

Senior government officials from across Asia and the Pacific will meet in Bangkok this week for the first-ever Asia-Pacific Ministerial Summit on the Environment. The high-level meeting is co-convened by the United Nations Economic and Social Commission for Asia and the Pacific (UN ESCAP) and UN Environment and is a unique opportunity for the region’s environment leaders to discuss how they can work together towards a resource efficient and pollution-free Asia-Pacific.

Climate-Smart Agriculture Urgently Needed in Africa

Africa contributes only 4 per cent of global greenhouse gas emissions, while six of the 10 most affected countries by climate change are in Africa, warns a major agricultural research for development partnership, while stressing the urgent need to scale up climate-smart agriculture, improve forestry and transform the productivity of water use.

Climate Smart Crops: A Necessity for Future Food & Nutrition Security

Climate change is taking a severe toll on farmers, as they watch their livelihoods disappear with the onslaught of floods, droughts and rising sea levels and temperatures. With agriculture currently employing over 1.3 billion people throughout the world, or close to 40 percent of the global workforce, it is imperative that we incorporate climate resilience into all aspects of crop breeding and food innovation.

Women Play Key Role in Solar Energy Projects

Since weather affects everyone, the idea that women are more susceptible to the effects of climate change may strike some as puzzling.

Venezuela’s Government Is Following a “Policy to Repress,” the UN Says

After sending a team to investigate the human rights conditions in Venezuela amid growing political and economic crisis, the UN Human Rights Office has reported that the crushing of anti-government protests point to the “the existence of a policy to repress political dissent and instil fear in the population to curb demonstrations.”

Young Artists Get Passionate About Renewable Energy

Conversations about renewable and sustainable energy don't typically include artistic ideas on the subject. However, the Caribbean Community (Caricom) has chosen to engage the region's youth in the conversation by inviting them to create artistic works on sustainable energy for a regional competition.

UN Role in Reforming International Finance for Development

Growing global interdependence poses greater challenges to policy makers on a wide range of issues and for countries at all levels of development. Yet, the new mechanisms and arrangements put in place over the past four decades have not been adequate to the growing challenges of coherence and coordination of global economic policy making. Recent financial crises have exposed some such gaps and weaknesses.

Protecting Africa’s Drylands Key to the Continent’s Future

Africa’s population continues to grow, putting intense pressure on available land for agricultural purposes and life-supporting ecosystem services even as the scenario is compounded by the adverse impacts of climate change.

Geothermal – a Key Source of Clean Energy in Central America

Energy from the depths of the earth - geothermal - is destined to fuel renewable power generation in Central America, a region with great potential in this field.

Partnerships Key to Implementing 2030 Development Agenda

The UN’s 2030 Agenda highlights the strong commitment to ending poverty in all its forms and dimensions, including by eradicating extreme poverty by 2030. It also emphasizes the determination to end hunger and to achieve food security as a matter of priority and to end all forms of malnutrition.

Quantitative Easing for Wealth Redistribution

Following the 2007-2008 global financial crisis and the Great Recession in its wake, the ‘new normal’ in monetary policy has been abnormal. At the heart of the unconventional monetary policies adopted have been ‘asset purchase’ or ‘quantitative easing’ (QE) programmes. Ostensibly needed for economic revival, QE has redistributed wealth – regressively, in favour of the rich.

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