New research from Cornell University shows about 21% of growth in agricultural output has been lost to climate change since the 1960s.
The World Bank has unveiled details of its new Climate Change Action Plan which includes plans to ensure ‘35% of World Bank Group financing will have climate co-benefits, on average, over the next five years; and 50% of IBRD and IDA climate financing will support adaptation and resilience’.
A new study from the Chinese Academy of Sciences says China’s bitcoin mines, which power nearly 80% of the global trade in cryptocurrencies, threaten to derail the country’s climate targets.
The Center for Global Development has published a new analysis of over 400 studies conducted since the COVID-19 pandemic began that shows women in low- and middle-income countries have been disproportionately hurt by the crisis, with women experiencing decreases in employment, working hours, and wages at greater rates then men, decreased access to health services, and increases in gender-based violence and mental distress over the course of the pandemic.
Dr. Takeshi Kasai, World Health Organisation (WHO) regional director for the western Pacific, has urged people in the region not to get complacent with basic prevention measures such as mask-wearing, hand-washing, and social distancing following a recent rise in cases in countries across the region.
Vera Songwe, executive secretary of the United Nations Economic Commission for Africa (UNECA), says African nations expect to receive USD $33.6 billion from the new issuance of Special Drawing Rights being drawn up by the International Monetary Fund (IMF).
A new assessment published by the World Bank, International Monetary Fund (IMF) and others warns the combination of debt, climate change and environmental degradation ‘represents a systemic risk to the global economy that may trigger a cycle that depresses revenues, increases spending and exacerbates climate and nature vulnerabilities’.
Aid advocates have criticised the British government over reports it plans to allocate £780 million of the UK’s aid budget for 2021 to its development finance institution, the CDC Group, as it makes deep cuts to other aid programs.
The Biden administration has announced it will restore more than USD $200 million in aid to Palestinians cut by President Trump.