SWIFT Dollar Decline

US-led sanctions are inadvertently undermining the dollar’s post-Second World War dominance. The growing number of countries threatened by US and allied actions is forcing victims and potential targets to respond pro-actively. SWIFT strengthened dollar The instant messaging system of the Society for Worldwide Interbank Financial Telecommunication (SWIFT) informs users, both payers and payees, of payments made. Thus, it enables the smooth and rapid transfer of funds across borders.

Southern Winds in Magallanes Fuel Green Hydrogen in Chile

Patagonia’s strong winds are driving projects that will place Magallanes, in the extreme south of Chile, in a privileged position to produce and export green hydrogen and help the country move towards carbon neutrality.

Why Biden Just Declared Heat Pumps and Solar Panels Essential to National Defense

Solar panels, heat pumps and hydrogen are all building blocks of a clean energy economy. But are they truly “essential to the national defense”?

At Half-time, the European Green Deal is Still Grounded

This month marks the mid-point of the much-heralded European Green Deal. Taking office at the end of 2019, the European Commission went into rhetoric overdrive. This was Europe’s ‘man on the moon’ moment, we were told. The Green Deal would herald an economic paradigm shift, and “reconcile the economy with our planet…to make it work for our people” the new President, Ursula von der Leyen, said.

War & Peace 2.0: Ukraine Showing the World How to Fight Back

It has been over 100 days since Russia first invaded Ukraine on 24 February 2022, turning the country into a slaughterhouse. The United Nations (UN) in this report says that, as of 1 June, 2022, more than 6.9 million refugees have left Ukraine and 2.1 million have returned, while eight million people are displaced inside Ukraine itself. War in Ukraine has caused the fastest growing refugee crisis since World War II.

Education Cannot Wait Interviews UNICEF Executive Director Catherine M. Russell

 
Catherine M. Russell became UNICEF’s eighth Executive Director on 1 February 2022. Ms. Russell brings to the role decades of experience in developing innovative policy that empowers underserved communities around the world, including high-impact programmes that protect women and girls, including in humanitarian crises. She has extensive experience building, elevating and managing diverse workforces and mobilizing resources and political support for a broad range of initiatives.

US Leads Sanctions Killing Millions to No End

Food crises, economic stagnation and price increases are worsening unevenly, almost everywhere, following the Ukraine war. Sanctions against Russia have especially hurt those relying on wheat and fertilizer imports. Unilateral sanctions illegal Unilateral sanctions – not approved by the UN Security Council – are illegal under international law. Besides contravening the UN Charter, unilateral sanctions inflict much human loss. Countless civilians – many far from target countries – are at risk, depriving them of much, even life itself.

The Great Fish Robbery

Now it comes to another ‘crime’ being stealthy committed as a consequence of the unrelenting business obsession for making more and more money.

Developing countries and the Perfect Storm
Part II: What Developing Countries Need to Do

Developing countries are facing a combination of crises that are unprecedented in recent times. Over the last three years they have had to face the COVID-19 crisis, the food crisis, the energy crisis, the climate change crisis, the debt crisis and, on top of all this, a global recession. The crises have overlapped, and each has added to the problems created by the previous ones.

The Richest 1% Pollutes More than the Poorest 50%

As an introduction to this year’s World Environment Day on 5 June, this report deals with how the excesses of the world’s population, mostly in the wealthiest countries, are causing so much harm to Planet Earth.

Climate Change in South East Asia: Where are we and What are we Bound for?

It is increasingly clear that human health and wellbeing are being threatened everywhere because of global warming and environmental damage. Extreme weather events, sea level rise, increasing scarcity of freshwater, drought and high temperatures, combined with loss of biodiversity and other aspects of ecological degradation such as soil erosion and coral bleaching are all features of anthropogenic self-harm and an increasingly inhospitable planet for human society.

Transforming Africa: Just & Equitable Energy Transition

A global transition to lower-carbon energy sources is crucial for our species' survival given the worsening effects of climate change. With many people increasingly advocating for a rapid shift from an energy system dependent on fossil fuels, questions on how to make this transition arise - one that is just and equitable, especially in the developing world.

If Women Don’t Lead, We’ll Lose the Battle Against Climate Crisis

We are in the midst of so many crises across the Middle East and North Africa (MENA) region: the most unequal, water scarce, least democratic region in the world, with the widest gender gap, multiple armed conflicts raging across it, and fragile states on the brink.

Restore Land to Tackle Multiple Crises

Land is our lifeline on this planet. Yet ‘business as usual’ in how we manage land resources puts our own future on planet Earth in jeopardy, with half of humanity already facing the impacts of land degradation.

Developing Countries and the Perfect Storm
Part I: What Should Developed Countries Do?

Developing countries – in Africa, in Asia, in Latin America and in the Middle East - are facing a combination of crises that are unprecedented in recent times. Over the last three years they have had to face the COVID-19 crisis, the food crisis, the energy crisis, the climate change crisis, the debt crisis and, on top of all this, a global recession. The crises have overlapped, and each has added to the problems created by the previous ones.

Sanctions Now Weapons of Mass Starvation

US and allied economic sanctions against Russia for its illegal invasion of Ukraine have not achieved their declared objectives. Instead, they are worsening economic stagnation and inflation worldwide. Worse, they are exacerbating hunger, especially in Africa.

Davos Fails on Financial Transparency – And Everything Else

At this year’s World Economic Forum (WEF) at Davos which ended last week, the attention of the world’s financial and economic elite was captured by the war in Ukraine whose president Volodimir Zelensky used his address to call to “complete withdrawal of foreign businesses from the Russian market”, despite 380 of the largest multinational companies still operating in Russia.

Xenophobia-hit Zimbabweans Saving Country’s Dead Economy

Two decades ago, Trynos Mahamba left Zimbabwe for the United Kingdom, but back home, he has changed the lives of his relatives. Since the day after he left, Mahamba (53) has been sending money home while Zimbabwe’s economy faltered amidst violent land seizures from commercial white farmers during Zimbabwe’s land reform programme.

A Global Food Crisis: Shortage Amidst Plenty

India is being asked by the US government and the IMF to reconsider its decision to suspend wheat exports. Their cited concern is that export restrictions will exacerbate food shortages amidst Russia's invasion of Ukraine. But the argument does not stand ground technically or morally.

UN “Deeply Troubled” by Impending Cuts on Development Aid by Rich Nations

The four-month-old Russian invasion of Ukraine, which has triggered a hefty increase in military spending among Western nations and a rise in humanitarian and military assistance to the beleaguered country, is now threatening to undermine the flow of Official Development Assistance (ODA) to the world’s poorer nations.

Weathering a ‘Perfect Storm’ of Cascading Crises

Climate change, COVID-19, the war in Ukraine – these crises threaten to derail development for 1.7 billion of the world’s most vulnerable people. The international community must take swift, coordinated action now to put the SDGs back on track.