A new report in the British medical journal The Lancet warns the climate crisis will affect ‘every single stage ‘ of life for children born today. The report warns that as a result of climate change, children born today will face higher risks of malnutrition and disease, encounter air pollution exacerbated by burning fossil fuels, struggle to earn money as rising temperatures make outdoor work more difficult, and their lives and livelihoods will be far more likely to be disrupted by extreme weather.
The European Investment Bank (EIB) has approved plans to stop funding oil, gas and coal projects at the end of 2021. The EIB had been initially planned on ending funding for fossil fuel projects by the end of 2020 but it has extended the deadline by one year following lobbying from EU member states.
A new report from UNFPA and Johns Hopkins University says an additional USD $225 billion in investment will be needed over the next decade if the world is to meet targets to stop mothers dying unnecessarily in childbirth, meet family planning needs and end violence against women. The report, which was conducted in collaboration with Victoria University, the University of Washington and Avenir Health, found that only $42 billion in aid is expected to be spent on advancing these goals as things stand.
The UNHCR and the International Organization for Migration (IOM) have launched a USD $1.35 billion regional plan to respond to the ‘increasing humanitarian needs of Venezuelan refugees and migrants in Latin America and the Caribbean and the communities hosting them.’
The head of the World Food Programme (WFP) says the agency will take ‘aggressive’ action against sex abusers after an internal survey saw multiple allegations of rape and sexual assault at the agency. The survey also includes allegations senior management discriminated against female employees and ethnic minorities and retaliated against those who spoke up in protest.
The Trump Administration is reportedly drafting plans to make US foreign aid conditional on how countries treat religious minorities. Political pundits say the proposal is more about rallying support from Evangelical Christians in Trump’s base than about promoting religious freedom, while analysts have raised questions about how such a policy would be implemented, with some noting that applying such a policy would mean the US would have to end support for Saudi Arabia, a country that Trump has insisted on maintaining support for despite bipartisan criticism.
A look at the key takeaways from the International Energy Agency (IEA)’s annual World Energy Outlook.
A look at the strategy and priorities guiding Germany’s €1 billion Development Investment Fund for Africa as the German government begins the roll out of programs under the Fund.
While he has only been in the role seven months, observers have noted one clear difference between current World Bank President David Malpass and his predecessor Jim Yong Kim is Malpass’s focus on working directly with countries rather than on global initiatives. This renewed focus on working directly with countries has been welcomed by those who feel the Bank had not been paying enough attention to its performance on a country-by-country level, though some observers have raised concerns the Bank could lose its influence on global issues if it becomes too focused on working at a country level.
While impact investing continues to grow questions remain about how the ‘impact’ of such investments are measured. And while different groups have tried to develop different metrics and different standards to try and quantify impact, Paddy Carter, director of research and policy at CDC Group, warns that, given impact investments cover a wide range of sectors and causes, it may never be possible to develop a set tools of metrics that can effectively measure and compare impact across such disparate areas and so those working in the sector should focus instead on helping investors identify the outcomes they’re looking for when seeking their support.
Monique Barbut, former executive secretary of the United Nations Convention to Combat Desertification and 1 of 9 experts commissioned by the EU to produce a report on how to rationalise development finance, discusses the reports findings and some of the responses to the report.
With the British General Election Campaign underway Claire Godfrey, interim director of policy, advocacy, and research at Bond, has outlined a ‘progressive post-Brexit aid agenda’ for the next government to consider.