Leaders meeting at the World Economic Forum in Davos this week should seriously consider how the economic crisis can be a catalyst for new models of growth and a new way of doing business.
The carbon footprints of the richest 1 per cent of people on Earth is set to be 30 times greater than the level compatible with the 1.5°C goal of the Paris Agreement in 2030, according to new research out today. It comes as delegates grapple with how to keep this goal alive at the COP26 meeting in Glasgow.
People in low and lower-middle income countries were five times more likely to be forced from their homes by “sudden-onset” weather disasters, like floods and storms, than people in richer countries.
“There is still a long way to go: this is crunch time. The chance to set new funding targets from when the Paris deal comes into force in 2020 is still very much on the table and needs to stay there if developing countries are to have any hope of more support in the years ahead."
Millions of Africans live in extreme poverty, and are now hit hard by the global economic and climate crisis. Sub-Saharan Africa alone is expecting losses of up to $245 billion this year as a result of the global slump, which is almost seven times the amount it receives in global aid.
El Niño is a crisis of global proportions, seriously affecting 60 million people around the world, yet it is not getting international attention and there remains a huge funding gap of nearly $1.8bn. The appointment of Mary Robinson and Macharia Kamau as Special Envoys for El Niño by the UN is an encouraging step.
Reducing the impacts of disasters on poor people is absolutely vital. Climate/disaster risk financing could play a useful role if it is part of an approach that includes risk reduction, if it strengthens social protection, and if it has real participation from civil society.
The arrival of the Covid-19 pandemic to our Pacific shores once again brought to light the weakness of public health systems in our region. The reality is that our health systems are not ready for this crisis.