The UN Convention on Biological Diversity has drafted a ‘Paris-style’ agreement to set a 2030 deadline for the conservation and restoration of ecosystems and wildlife vital to the future of humanity to avert Earth’s sixth mass extinction.
Researchers have announced the past decade was the hottest on record, with 2019 the second hottest year after 2016 which experienced a very strong El Niño.
The World Food Programme says years of drought, widespread flooding and economic disarray in Southern Africa have left 45 million people facing severe food shortages.
Laurence D. Fink, the founder and CEO of BlackRock, the world’s largest asset manager with nearly USD $7 trillion in investments, has announced the firm will make investment decisions with environmental sustainability as a core goal going forward.
Reports that British Prime Minister Boris Johnson could scrap the position of Secretary of State for International Development has renewed concerns for the future of the UK Department for International Development (DFID). British NGOs had been celebrating following the news Johnson had scrapped plans to merge DFID with the Foreign and Commonwealth Office (FCO) but new reporting suggests that, though Johnson will keep the two departments separate, responsibility for both will be handed to the foreign secretary, Dominic Raab, raising concerns about how this could influence the quality and focus of UK aid.
World Bank President David Malpass has announced changes to the Bank’s reporting structures which will see the institution’s regional directors and those who report to them ‘re-mapped’ so their reporting lines go through the regional vice-presidents. The new structure, which will be implemented from July 1st of this year, effectively undoes changes made my previous president Jim Kim, leaving some staff ‘wondering why we were subjected to all that pain in the first place,’ according to Daniel Sellen, chair of the World Bank staff association.
The US State Department has sent a letter to Congress outlining the steps the ‘Northern Triangle’ countries must take for it to approve the full resumption of US foreign assistance. The Trump Administration cut-off aid to the Northern Triangle countries (El Salvador, Guatemala, and Honduras) last year to pressure them to do more to restrict the flow of migrants making their way to the US border.
- China-backed Asian Infrastructure Investment Bank won’t create ‘debt trap’ for borrowers, chief says
Asian Infrastructure Investment Bank (AIIB) President Jin Liqun has pushed back against suggestions China will use the AIIB to create a ‘debt-trap’ for borrowers in order to advance its geopolitical agenda, saying the Bank’s support for infrastructure development ‘will improve the fiscal situation of those countries and help them reduce debt rather than increasing debt.’
Meeghan N. Zahorsky, a principal consultant at Thoughts in Gear, makes the case for using predictive impact analysis to guide impact investing decisions. Predictive impact analysis uses existing research and data to assess the potential impact of an investment upfront rather than relying on looking at outputs to measure the impact an investment has had after the money has been spent.