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This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Victoria Delbridge, Head of Cities that Work Initiative , International Growth Centre, Oliver Harman, Cities Economist, International Growth Centre, University of Oxford, Juliana Oliveira-Cunha, Policy Economist, International Growth Centre, London School of Economics and Political Science Climate change […]
This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Spencer Feingold, Digital Editor, World Economic Forum Rising interest and depreciating exchange rates are driving capital back to developed nations—and closing doors to credit for developing countries. The situation, experts say, is forcing developing countries to borrow at […]
This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Ian Shine, Senior Writer, Formative Content 1. Global debt drops for first time since 2015, but hits record level in developing countries The amount of debt in the global economy saw its first annual fall in dollar terms last […]
This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Donald Kanak, Chair of Eastspring Investments, Co-Chair of the Steering Group of the Sustainable Development Investment Partnership ASEAN Hub, and Senior Fellow , Program on International Financial Systems Emissions from existing coal-fired power plants alone will exceed the […]
This article is brought to you in association with OECD. Climate finance provided and mobilised by developed countries for climate action in developing countries reached USD 71.2 billion in 2017, up from USD 58.6 billion in 2016, according to new estimates from the OECD. While the 2016 and 2017 totals cannot be directly compared with earlier […]
This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Pamela Coke-Hamilton, Director, Division on International Trade and Commodities, United Nations Conference on Trade and Development (UNCTAD) Commodities are the basic products that underpin both our material progress and our everyday lives. – from the cereals at your table, […]
This article is brought to you in association with OECD. Public climate finance from developed to developing countries totalled USD 56.7 billion in 2017, up 17% from USD 48.5 billion in 2016, according to new data compiled by the OECD. A new data series for 2013-2017 shows that public climate finance has risen by 44% from […]
This article is brought to you thanks to the strategic cooperation of The European Sting with the World Economic Forum. Author: Alan Safahi, CEO, ZED Network The turn of the century marked a period of rapid migration: the total number of international migrants has increased by 60% since 2000. With more than 250 million immigrants and migrant workers […]
+ United Nations FCCC/CP/2015/L.9/Rev.1 Distr.: Limited 12 December 2015 Original: English Conference of the Parties Twenty-first session Paris, 30 November to 11 December 2015 Agenda item 4(b) Durban Platform for Enhanced Action (decision 1/CP.17) Adoption of a protocol, another legal instrument, or an agreed outcome with legal force under the Convention applicable to all Parties […]
“I hear no objection in the room, I declare the Paris climate agreement adopted.” It was with these words, on Saturday, 12 December, that Laurent Fabius closed the fierce negotiations that had been underway for two weeks in Le Bourget. A long standing ovation and shouts of joy followed in the room where the 195 […]
United Nations FCCC/CP/2015/L.9/Rev.1 Distr.: Limited 12 December 2015 Original: English Conference of the Parties Twenty-first session Paris, 30 November to 11 December 2015 Agenda item 4(b) Durban Platform for Enhanced Action (decision 1/CP.17) Adoption of a protocol, another legal instrument, or an agreed outcome with legal force under the Convention applicable to all Parties ADOPTION […]
The Paris Committee met on Thursday, 10 December at 9 p.m. to receive the new version of the text, which was the result of a sleepless night and a day of intense negotiations. This new text (read the draft agreement) was slightly shorter than the previous version, reduced from 29 pages to 27, with some complex points still […]
The latest meeting of the Paris Committee at 8 p.m. on Wednesday 9 December was eagerly awaited, with the “La Seine” plenary room filling up quickly. The 196 Parties had to say if they would agree to work on the new text set out a few hours earlier by COP21 President Laurent Fabius. This was […]
Objectives and level of ambition of the agreement, financial support for countries of the South, and burden sharing between developed and developing countries are all difficult issues that remain to be decided on by Friday, the end of the Climate Conference, which should produce a universal pact to combat climate change. – An “ambitious” agreement? […]
Paris, 10 December 2015 – UN climate chief Christiana Figueres today called for a final push to meet the funding goals for the Adaptation Fund, which assists vulnerable communities in developing countries adapt to climate change. The Adaptation Fund has received new pledges for 2015 amounting to almost $75 million, including from Germany, Sweden, Italy, […]
DRAFT PARIS OUTCOME A. DRAFT AGREEMENT DRAFT TEXT on COP 21 agenda item 4 (b) Durban Platform for Enhanced Action (decision 1/CP.17) Adoption of a protocol, another legal instrument, or an agreed outcome with legal force under the Convention applicable to all Parties Version 1 of 9 December 2015 at 15:00 [The Parties to this […]
A number of climate funding announcements by developed country governments, multilateral development banks and multilateral climate funds have been made in the run-up to and at the COP 21 UN climate change conference. The secretariat of the UN Framework Convention on Climate Change (UNFCCC) has compiled the list below from public sources and produced an interactive […]
Paris, 8 December 2015. Nearly 400 business leaders gathered at the Lima-Paris Action Agenda Focus on Business in Paris today, calling for a strong Paris climate change agreement to help them implement the unprecedented set of cross-cutting corporate actions on climate which they are taking in key areas such as carbon pricing, finance, responsible policy engagement […]
Cities, regions, national states, public and private investors and international organizations are together accelerating the transformation at local and regional scale Subnational authorities are largest group on NAZCA climate commitments platform with over 2200 entries Paris, 8 December 2015. Cities and regions from five continents representing almost one-fifth of the world’s population came together today […]
Cities, regions, national states, public and private investors and international organizations are together accelerating the transformation at local and regional scale Subnational authorities are largest group on NAZCA climate commitments platform with over 2200 entries Paris, 8 December 2015. Cities and regions from five continents representing almost one-fifth of the world’s population came together today […]
“The clock is ticking towards climate catastrophe,” warned the UN Secretary-General, Ban Ki-moon, at the opening of the High-Level Segment on Monday, 7 December. “The world is expecting more from you than half-measures,” he told the delegates in the plenary room “La Seine”, calling on the countries to agree to their commitments being reviewed every […]
Paris, 7 December 2015- The High-Level, ministerial segment of the UN Climate Change Conference in Paris kicked off today with calls to action to conclude an effective climate change agreement at the end of the week and a sense of confidence that this can be done. UN Secretary-General Ban Ki-moon reminded Ministers of the direction […]
On Action Day at the 21st Conference of the Parties to the United Nations Framework Convention on Climate Change (UNFCCC) in Paris, UN Secretary-General Ban Ki-moon announced that a broad group of organizations would partner in 2016 to maintain momentum for multi-stakeholder climate implementation. The Secretary-General said: “I am heartened by the significant and growing coalitions […]
UN Secretary-General Ban Ki-moon gave the following address at the close of COP21 Action Day in Paris: “I thank President Hollande for convening this gathering, and for France’s engagement as one of the co-leaders of the Lima-Paris Action Agenda, along with Peru, the United Nations and the UNFCCC. I have been looking forward to Action […]
Putting a price on carbon is essential for success in the international response to climate change, said participants in a COP21 side event. Without a price, recognizing and charging for the damaging effects of emitting greenhouse gases, efforts to address climate change will be inefficient and likely too slow to avoid its worst effects. Pricing […]
More than half a billion children live in areas with extremely high flood occurrence, 160 million live in high drought severity areas. New York/Geneva, 24 November 2015 – More than half a billion children live in areas with extremely high flood occurrence and 160 million in high drought severity zones, leaving them highly exposed to the […]
Cutting Short-Lived Climate Pollutants Critical to Success of Global Climate Response Paris, 4 December 2015 – Governments and industry leaders in the Climate and Clean Air Coalition today committed to further essential advances in reducing short-lived climate pollutants (SLCPs) that have a global warming potential many times that of the main greenhouse gas carbon dioxide. At the […]
“Today is about coming together to agree a better future for the building sector and credible action for climate change. But tomorrow and the years ahead must be about coming together to deliver them in the context of 2030 Agenda for Sustainable Development.” Ministers, Excellencies, Ladies and Gentlemen, the Minister has well established the building […]
In poor and vulnerable countries, weather data is often unreliable or totally lacking. CREWS is an initiative which aims to significantly increase the capacity for seamless Multi-Hazard Early Warning System (MHEWS), to generate and communicate effective impact-based early warnings, and risk information for hazardous hydro-meteorological and climate events. Its purpose is to protect lives, livelihoods, […]
In less than a month now the UN Climate Conference will be taking place in Paris in order to implement measures that could reverse the downhill of the global climate. At the same time the Corporate Europe Observatory’s survey reveals that the European Commission (EC) is highly promoting the “dirty” energy companies more than the renewable […]
As expected by many, the European Central Bank left its basic interest rate unchanged at 0.25%. However, Mario Draghi, the President of ECB, raised the tone of the central bank’s readiness to confront possible unfavorable developments in the money markets. Presumably he has in mind the risks which may arise in international money markets, from […]
How is it possible that the good news of the growth of the American economy which has raised its gear, also brings forth crisis and possibly destruction in developing countries? Yet this is exactly what is already happening in our brave new world. The good news is that the US economy now grows at a […]
OECD is not like the IMF. The Organisation of Economic Co-operation and Development, unlike the International Monetary Fund doesn’t chew its words, when it comes to the economic prospects of the global economy. The reason is that its mandate obliges the Organisation to effectively protect its 34 member states from the dangers lurking ahead, by […]
