From the food and water shortages in the coming decades caused by the climate crisis to the EIB postponing its decision on ending funding for fossil fuels

A new paper from researchers at Stanford University shows as many as five billion people, particularly in Africa and South Asia, will likely face food and clean water shortages in the coming decades as nature declines as a result of climate change.

Related: Are aid groups ignoring South Sudan’s climate crisis?

 

The European Investment Bank (EIB) has postponed a decision on whether to include natural gas projects in its proposed ban on funding for fossil fuels till the EIB’s next meeting in November following strong opposition to the proposal from members including Germany.

Related: Fiscal Policies to Curb Climate Change

 

15 aid agencies including Oxfam, the International Rescue Committee and World Vision, have issued a statement warning of the risk of a new humanitarian crisis in north-east Syria following Turkey’s decision to commence military operations in the region

Related: Humanitarian Aid Urgently Required in Areas Affected by Conflict in Syria: IOM Director General

 

A group of 11 environmental and business organisations including the Union of Concerned Scientists, the World Resources Institute and the Environmental Defense Fund, have called on business leaders to align their corporate policies with the Intergovernmental Panel on Climate Change (IPCC)’s recommendations and to use all their influence and power to lobby governments to take meaningful actions to respond to the climate crisis.

Related: Private sector on a ‘journey’ to engagement with the SDGs

 

A new UNICEF report says a third of children under the age of five worldwide are either undernourished or overweight and will face lifelong health problems as a result.

Related: UN agencies’ consensus on healthy diet principles

 

Observers warn looming fears of another global financial crisis threaten to swallow up new International Monetary Fund (IMF) Managing Director Kristalina Georgieva’s plans for the organisation to take measures to tackle global inequality and the climate crisis.

Related: Is the World Bank aligned with the Paris Agreement? They’re not sure yet.

 

Devex looks at some of the key issues to follow at this week’s IMF/World Bank Annual Meetings.

Related: Q&A: What donors and clients want from IDA19

 

A new University College London study looking at the US’s green economy shows the sector is worth USD $1.3 trillion (about 7% of US GDP) and employs 10 times as many people as the fossil fuel industry.

Related: GGGI and Hungary agree to set-up GGGI’s European Office in Hungarian capital

 

Former US Secretary of State Hillary Clinton and International Rescue Committee President David Miliband were among the global development leaders warning American isolationism risks creating a global leadership vacuum which could worsen conflicts and humanitarian responses worldwide during an event on peacebuilding hosted by Carnegie Corporation of New York.

Related: Opinion: Embracing global public investment can get financing for development back on track

 

UNICEF’s decision to launch the UNICEF Cryptocurrency Fund is reportedly leading several international NGOs to look at doing something similar. While many NGOs already accept cryptocurrency donations most immediately convert any crypto donations they receive into dollars or euros rather than hold onto the donations in their original form as UNICEF is now doing with its new Fund.

Related: New financing model blends grants and Islamic bonds for WASH

 

US President Donald Trump reaffirmed his support for Brazil’s entry into the OECD after a letter from US Secretary of State Mike Pompeo emerged which stated the US would only be backing the candidacies of Argentina and Romania.

Related: UN: Venezuela Unfit for Rights Council Seat

 

A new study from the National Center for Family Philanthropy (NCFP) and Bank of America suggests the influence of younger generations on US family foundations leading these organisations to more intentional, issue-focused giving and has led to greater diversity on governing boards.