As part of the launch of their new Future Perfect section, Vox co-founder and Editor-at-Large Ezra Klein sat down with Bill Gates to discuss the state of the world and Gates’s view on the direction we’re heading.
As the IMF/World Bank Annual Meetings come to a close, observers are questioning whether the World Bank is doing enough to fight tackle climate change in the wake of the IPCC’s report on the devastating impact rising temperatures will have worldwide without serious action.
With last week’s IPCC report urging immediate and dramatic action to avert catastrophic climate change, Erin R. Graham, an assistant professor of politics at Drexel University and a Global Order Visiting Scholar at Perry World House, has written a column outlining plans and schemes that states, cities, and private citizens could implement to make-up the shortfall in funding for international efforts created by President Trump’s withdrawal from the Paris Agreement.
Art Markman, PhD, the Annabel Irion Worsham Centennial Professor of Psychology and Marketing at the University of Texas at Austin, outlines some of the psychological factors that limit people’s motivation to take actions to tackle climate change.
While last week’s IPCC report on Climate Change represents one of the most comprehensive analyses of climate data in history, scientists are warning world leaders and policymakers that the vast discrepancies in historical data available for the developing world compared to developing countries will severely limit our ability to predict the impact of climate change on Africa, Asia, and South America, with one scientist noting the IPCC spent as much time and energy writing a chapter on Australia and New Zealand as it did on the whole of Asia. This huge data gap makes it extremely difficult to develop effective local strategies to deal with the impact of climate change.
President Trump officially signed the BUILD Act into law on October 5th. The bill will see the US establish a new foreign aid agency — the United States International Development Finance Corporation — with the authority to provide $60 billion in loans, loan guarantees and insurance to companies willing to do business in developing nations. Observers regard the move, a significant reversal in the administration’s position on foreign aid, as a response to China’s use of aid to grow its influence as opposed to a change in President Trump’s views on foreign aid itself.
Related: Opinion: China’s Role As The World’s Development Bank Cannot Be Ignored
A new report from international development organisation Bond has found the majority of the UK’s international development funds are going to the larger international NGOs. Bond’s report, Financial trends for UK-based INGOs, shows that, though the UK increased Aid funding from 2006-2016, nearly all growth flowed into International NGOs with annual incomes greater than £20 Million, with smaller NGOs seeing no increase during the same period.
The African Development Bank has spent the past few weeks presenting financial products and investment opportunities to Nordic investors in a roadshow format. The AfDB is using the events to increase awareness and generate interest ahead of the African Investment Forum in Johannesburg in November.
Speaking to the European Parliament’s Development Committee, Bill Gates has urged the EU to ‘stay generous’ on aid to prevent the US cutting its own aid budget, telling MEPs Europe’s continued generosity ‘is absolutely critical to us maintaining that consensus.’
Key Stakeholders from across both the European and International beef industries met in Kilkenny last week to launch the European Roundtable for Beef Sustinability. The group will work to demonstrate the importance of the beef sector in the food chain and focus on improving sustainability across all aspects of the European beef value chain.
Food security experts say the scale of the Yemeni famine was severely underestimated in initial projections by aid agencies leaving them rushing to update projections for what is being forecast as ‘the world’s most lethal famine for 100 years’. Experts blame the sudden plunge in value of the Yemeni currency the Rial for the miscalculation. The currency’s drop has caused food prices to soar, leaving 14 Million people at risk according to the UN.
The Ford Foundation has announced that Chuck Robbins, chairman and chief executive officer of Cisco Systems, has been elected to its board of trustees.