From the Global Climate Strike to the resignation of the president of the Asian Development Bank

Young people from around the world are leading an international strike today to protest government and business inaction on climate change in what is expected to be one of the largest environmental protests in history.

Related: We’re losing the race’: UN secretary general calls climate change an ’emergency’

 

Asian Development Bank (ADB) President Takehiko Nakao has announced his plans to resign midway through his second term in office in what is becoming a trend for ADB presidents. Nakao will leave the Bank on January 16th 2020. Japan is expected to nominate former vice financial minister for international affairs Masatsugu Asakawa to succeed Nakao.

Related: Japan anticipates China challenge over next ADB president

 

A new report from the OECD shows climate finance for developing countries reached USD $7 billion in 2017, an increase from USD $58.6 billion in 2016. However, only 19% of climate finance mobilised in 2017 went to projects focused on climate change adaptation (projects designed to help an area adapt to the impact of climate change), despite calls from developing countries for climate funding to be split evenly between climate change mitigation projects (projects intended to reduce emissions) and adaptation projects.

Related: Where climate cash is flowing and why it’s not enough

 

The Gates Foundation has launched its third annual Goalkeepers Data Report. The report shows that while progress on health and development continues unabated, global inequality remains a major obstacle to achieving the U.N. Sustainable Development Goals (Global Goals).

Related: Bill Gates: ‘I Don’t See Anything Worthy of the Word Plan’ to Fight Climate Change

 

A new report from the International Federation of Red Cross and Red Crescent Societies (IFRC) warns the number of people needing humanitarian assistance every year as a result of climate-related disasters could double by 2050 if the world does not take serious steps to combat climate change in the next few years.

Related: Extreme Weather Displaced a Record 7 Million in First Half of 2019

 

The Global Commission to End Energy Poverty, a new commission established by Massachusetts Institute of Technology Energy Initiative and the Rockefeller Foundation to tackle energy poverty, met for the first time this week.

Related: AfDB ‘s Solar Project Aims at Making Africa a Renewable Power House

 

Aid experts are speculating as to what impact- if any- the Trump administration’s foreign assistance review will have as reports from within the White House suggests the review will be unveiled in New York next week to coincide with President Trump’s speech at the UN General Assembly.

Related: Is ‘blocking movement’ a measure of US aid success in Northern Triangle?

 

UNEP and the Joint Research Centre (JRC) of the European Commission have launched the World Water Quality Alliance, a new initiative which will bring together more than 50 organisations to seek solutions to the global water crisis.

 

A new report from the Coalition for Urban Transitions shows that national governments could generate nearly USD $24 trillion in value by investing in low-carbon cities.

Related: Hello From the Year 2050. We Avoided the Worst of Climate Change — But Everything Is Different

 

Graça Machel, former Education Minister of Mozambique and founding member of the Elders, discusses why the world needs to help Africa build truly sustainable infrastructure so the continent can grow and adapt to the impacts of climate change without increasing carbon emissions.

Related: Energy demand must increase in rural Africa to make mini-grids work

 

As part of a Special Issue on the World Bank, EuroMoney asks if the World Bank is still capable of dealing with the challenges of the modern world.

Related: Competitive multilateralism: Adapting institutions to meet the new geopolitical environment

 

The Financial Times has published a profile of Kristalina Georgieva as she looks set to be appointed the next Managing Director of the International Monetary Fund (IMF).

Related: The World Bank: the impossible job?

 

The Brookings Institute looks at the current state of South-South Cooperation and suggests steps countries should take to achieve ‘more effective and efficient cooperation’.

Related: Five Hurdles To Localizing Global Development, And How NGOs Can Help Overcome Them

 

Nonprofits are starting to reevaluate whose donations and gifts they should accept in the wake of the fallout from the revelations about Jeffrey Epstein’s donations to the MIT Media Lab which have forced Joi Ito, the director of the Lab, to resign.

Related: The Problem With Sugar-Daddy Science

 

The Asian Development Bank (ADB) has approved the use of results-based lending (RBL) as a regular financing modality for its operations following a 6-year pilot period. The ADB describes RBL as ‘a results-based form of financing in which fund disbursements are linked to the achievement of agreed program results rather than to expenditures’.