Economy & Trade

2024 Is The Hottest Year Ever Recorded

The World Meteorological Organization (WMO) warns that 2024 is on track to be the hottest year in recorded history, surpassing 2023. This can be attributed to heightened reliance on fossil fuels and the reluctance of industries worldwide to pivot to green energy practices. The rapid acceleration of global temperatures has alarmed scientists, with many expressing concern over the environmental, economic, and social implications of the worsening climate crisis.

Museum of Modern Art Set to Launch in Cotonou, Showcase Beninese Artists

Construction of the new Museum of Modern Art is underway in Cotonou, Benin’s largest city. The museum, along with three others being built throughout the country, are part of the Beninese government’s extensive plan to ramp up the nation’s tourism industry and preserve its culture. It is expected to open at the end of 2026.

Why is It So Hard to Change? Insights from the 2024 Human Development Report on Chile

As many middle-income countries in the world, Chile finds itself at a critical juncture. The country has made significant progress over the past decades in terms of economic growth and poverty reduction, yet many structural challenges remain.

Transformative Change Will Save a Planet in Peril—IPBES

Nature is at a tipping point. With human activity having pushed up to 1 million plant and animal species close to extinction, securing sustainable development and halting global biodiversity collapse is no longer just an option but a requisite for human wellbeing.

Why Funders Must Step Up Financing for Development in 2025

As the global community races to close the staggering $4.2 trillion financing gap needed to achieve the Sustainable Development Goals (SDGs), the Fourth International Conference on Financing for Development (FfD4) emerges as a crucial juncture.

African Public Transport Struggles To Match Urban Growth

As the population in African cities grows, governments are struggling to provide sustainable public transport solutions, conditions that have led to gridlock in major business districts.

Interlinked Solutions Key to Tackling Biodiversity, Water, Food, Health and Climate Change, says IPBES

Biological diversity is on the decline worldwide, and current approaches to address its loss have been piecemeal and ineffective in tackling the crisis facing nature—this is despite estimates that over half of global GDP (USD 58 trillion of economic activity in 2023) is generated in sectors that are moderately to highly dependent on nature, a new report by the Intergovernmental Platform on Biodiversity and Ecosystem Services (IPBES) finds.

New Geopolitics Worse for Global South

The new geopolitics after the first Cold War undermines peace, sustainability, and human development. Hegemonic priorities continue to threaten humanity’s well-being and prospects for progress.

Bangladesh in Crisis: Which way out?

This piece is not about the crisis or the chaos that the country is now facing after successfully toppling the autocratic regime of Sheikh Hasina. Rather, it is about the crisis of confidence and social capital or trust — interlinked, nonetheless.

How an African Bioeconomy Can Strengthen Agrifood Systems in the Context of a Changing Climate

From increased pests and diseases to lower crop yields and extreme weather events, the adverse impacts of climate change on agriculture in Africa cannot be overstated.

Intra-Regional Relations the Key To Sustainable Development in the Horn of Africa

The Horn of Africa holds the resources and potential for lasting development and resilience. The countries in the subregion and development partners need to come together to invest in regional cooperation and resource management.

‘We Will Not Go Quietly Into the Rising Sea,’ Tuvalu Tells International Court of Justice

Rising sea level caused by greenhouse gas emission-fueled climate change is threatening existence in coastal communities and island nations. At the International Court of Justice (ICJ), on Thursday, December 12, 2024, small island states, including Tuvalu and a Pacific-based fisheries agency detailed their ongoing existential threats caused by the climate change-induced sea level rise and impacts on fishery-based livelihood.

New Law in Cuba Makes Investing in Renewable Energy Sources Mandatory

With Decree 110, published on 26 November, Cuba made it mandatory for major consumers, whether they are state or private entities, to invest in the use of renewable energy sources, while the energy crisis facing the country worsens.

COP29: Advancing work for Climate Finance and for Climate-Adapted Agri-Food Systems

Frustrations over the pace of climate action and the size of the finance target agreed in Baku are valid from the perspective of low-income countries, especially Small-Island Developing States (SIDS). It is also important to recognize that there has been real progress in some countries at the agri-food-nutrition-climate-water-nature-livelihoods intersection, and this seems to be particularly the case in some countries in the Alliance of Champions for Food Systems Transformation (ACF).

Breaking Latin America’s Cycle of Low Growth and Violence

Violent crime and insecurity have a disproportionate impact on Latin America and the Caribbean, with severe consequences for socioeconomic development.

It’s the Greed, Stupid!

The available data is self-explanatory: business-prompted human activities have already altered over 70% of the Earth’s lands, with 24 billion tonnes of fertile soil lost due to industrial agriculture, the excessive use of chemicals, overgrazing, deforestation, pollution and other major threats.

Redefine Business Success to Include Nature

Sustaining nature is not just an environmental goal—it is an essential component of sustainable business—and requires that we redefine business success to include the wise stewardship of nature.

FAO Renews Its Commitment to Right to Food Guidelines

The Food and Agriculture Organization (FAO) launched its newest report on the Right to Food Guidelines on December 10, which focuses on that focused on the urgency of food security as well as the measures that will be taken by the organization to eradicate hunger and malnutrition in the coming decade.

Africa’s Time – Delivering Transformation via Innovation

Africa, the world’s youngest continent is brimming with creativity, talent and innovation. With more than 60% of its population under the age of 25, Africa’s youth are fueling entrepreneurship and job creation across the region.

In Zimbabwe, Women Are Leading the Battle Against Climate Change

When Susan Chinyengetere started to focus on farming in her home village in south-eastern Zimbabwe, she wondered if she could earn a living and raise her children. With climate catastrophes ravaging the country, her hesitation on rain-fed agriculture worsened. But two years later, the 32-year-old mother of two from Mafaure village in Masvingo, about 295 km from the capital Harare, is now a champion in farming.

Central American Countries Backtrack on Metal Mining Ban

Metal mining has a renewed momentum in Central America, encouraged by populist rulers who, in order to soften environmental damage, claim they can develop it in harmony with nature, which is hard to believe

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