Pope’s death, US aid cuts complicate Vatican’s debt relief push
London, UK Reuters The death of Pope Francis and global aid cuts led by the United States could complicate the work of a group of experts assembled by the Vatican to bring debt relief and a fairer financing system to the world’s poor. Developing countries are already grappling with shrinking concessional financing and difficulty accessing […]
World Bank’s Banga unsure of US aid to fund for poor nations, though Trump dialogue “constructive”
Washington DC, US Reuters World Bank President Ajay Banga said on Wednesday he has had constructive talks with the Trump administration about the development lender but he did not know how much the US would contribute to the bank’s fund for the world’s poorest countries. World Bank President Ajay Banga speaks at the meeting on […]
UN trade agency urges US to exclude poor states from tariffs
United Nations Reuters The UN Trade and Development agency urged US President Donald Trump’s administration on Monday to exclude the poorest and smallest economies from reciprocal tariffs because it “would have minimal impact on United States trade policy objectives.” Trump imposed steep import tariffs from 11 per cent to 50 per cent on 57 trading […]
Poor, indebted countries need collective relief, African leaders say
Cape Town, South Africa Reuters Growing external debt burdens are crippling the world’s poorest countries, a group of former African leaders warned on Thursday as they pushed for a new programme of collective relief from private, bilateral and multilateral creditors. South African President Cyril Ramaphosa is hoping to use his country’s current presidency of the […]
Developing nations blast $US300 billion COP29 climate deal as insufficient
Baku, Azerbaijan Reuters Countries at the COP29 summit in Baku adopted a $US300 billion a year global finance target on Sunday to help poorer nations cope with impacts of climate change, a deal its intended recipients criticised as woefully insufficient. The agreement, clinched in overtime at the two-week conference in Azerbaijan’s capital, was meant to […]
COP29 draft deal would have rich nations pay $US300 billion in climate finance
Baku, Azerbaijan Reuters Developed nations should pay $US300 billion a year by 2035 to help poorer countries deal with climate change, according to a new draft deal from UN climate talks published early on Sunday, after an earlier target of $US250 billion was rejected. Reuters previously reported that the European Union, the United States and […]
Essay: The COP29 climate talks are about to kick off in Baku, Azerbaijan. Here’s what to expect
MATT MCDONALD, professor of international relations at the University of Queensland, looks, in an article first published on The Conversation at the agenda for this year’s climate talks…
Countries deadlocked on ‘loss and damage’ fund as UN climate summit nears
Washington DC, US Reuters Countries are deadlocked over how to design a fund to help countries recover and rebuild from climate change-driven damage, with just over 30 days left before crucial United Nations climate negotiations kick off in Dubai. Two dozen countries involved in a committee tasked with designing a “loss and damage” fund wrapped […]
Essay: Installing solar-powered refrigerators in developing countries is an effective way to reduce hunger and slow climate change
In an article first published on The Conversation, ABAY YIMERE, a postdoctoral scholar in international environment and resource policy at Tufts University, looks at the difference expanding food cold chains can make, if it’s done in a way that avoids contributing to climate change…
Polluters must pay, says UN chief, urges taxes to help climate victims
United Nations Reuters UN chief Antonio Guterres on Tuesday urged rich countries to tax windfall profits of fossil fuel companies and use that money to help countries harmed by the climate crisis and people who are struggling with rising food and energy prices. United Nations Secretary-General Antonio Guterres addresses the 77th Session of the United […]