The world’s poorest countries are rethinking economic policies that - even during periods of breakneck growth - have failed to provide quality employment capable of matching a demographic boom.
The G77+China group of 133 developing countries negotiating a new international deal at COP19 in Warsaw to combat climate change walked out of the talks in the wee hours of Wednesday morning to protest developed countries’ reluctance to commit to loss and damage.
As deliberations continue in earnest at the 19th United Nations Conference on Climate Change in Warsaw, negotiators from the Global South welcome a focus on financing adaptation – but reject a new emphasis on a role for the private sector.
With the richest one percent of the population now owning 40 percent of global assets, and the bottom half sharing just one percent, inequality is fast being recognised as a stubborn underlying obstacle to development.
U.N. climate talks have largely stalled with the suspension of one of three negotiating tracks at a key mid-year session in Bonn, Germany.
Nearly 70 percent of known reserves of oil, gas and coal must remain in the ground to avoid dangerous climate change. So why did the energy industry spend 674 billion dollars in 2012 looking for more?