The Group of Twenty (G20) emerged from the financial turmoil that followed the collapse of the Thai currency in 1997, which rapidly spread financial instability from Thailand to the rest of Asia. At that time, the finance ministers and central bank governors convened to forge a strategy to stabilise the global economy and prevent future…
Climate change is no longer just about melting ice or hotter summers. It is also a financial problem. Droughts, floods, storms and heatwaves damage crops, factories and infrastructure. At the same time, the global push to cut greenhouse gas emissions creates risks for countries that depend on oil, gas or coal. These pressures can destabilise…
Just 20 countries produce 80% of the world’s oil, gas and coal. Since 2019, researchers have released regular reports analysing how these governments plan to continue drilling and mining for fossil fuels – and how those plans diverge from the global climate goal set out in the Paris Agreement, which aims to limit temperature rise…
At the 2025 global climate summit, COP30, held in Belém, Brazil, one decision stood out with major consequences for Africa: countries agreed on a new set of progress indicators. The “Belém Adaptation Indicators” were developed through a two-year UN process. Although the name may sound technical, the idea is straightforward. For the first time, countries…
Food solutions were on display everywhere around COP30–from the 80 tonnes of local and agroecological meals served to concrete proposals for tackling hunger–but none of this made it into the negotiating rooms or the final agreement. –Elisabetta Recine, IPES-Food panel expert – As they ate catered meals, COP30 negotiators had no appetite for fixing broken…
With rising effects of climate change across the globe, the world has started recognising that climate change is not just an ecological collapse, but also a human rights crisis. UN High Commissioner for Human Rights Volker Türk echoed this message in Geneva earlier this year and posed a question before the Human Rights Council: “Are…
Europe stands at a crossroads: compete meaningfully in the AI race or stick to its world-leading climate goals. “It’s like a fork in the road moment for Europe,” Wedbush Securities’ Dan Ives told CNBC. The bloc can either “play in the future” or risk “missing a big part of this technology wave.” The dilemma is compounded…
Climate change poses a major threat to coral reefs. INFOGRAPHIC/NOAA By PATRICK MAYOYO [email protected] The seventh United Nations Environment Assembly (UNEA-7) passed a landmark resolution, urging immediate global action to accelerate efforts aimed at bolstering the climate resilience of coral reefs worldwide. The resolution, adopted during UNEA-7, addresses the urgent challenges facing coral reefs, including…
Participants during the, “High-Integrity Carbon Markets: Impact and Path to Accelerated Climate Action,” discussions at UNEA-7. PHOTO/UN BY KARIUKI CHEGE [email protected] Over 200 participants convened at a pivotal event on the margins of the United Nations Environment Assembly (UNEA-7) to explore the rapidly evolving role of carbon markets in addressing climate change. The session, titled…
Nairobi — IGAD is working with member states on an anticipatory action roadmap, designed to ensure that early warnings for floods, droughts and other climate hazards trigger concrete measures that protect lives, livelihoods and property. Despite billions pledged globally for climate action, only a small fraction reaches the communities most affected by droughts, floods and…
