Northern donor countries in the last 18 months have pledged billions of dollars in new financial commitments to fight climate change. More than a dozen new bilateral and multilateral environmental funding mechanisms have been proposed. While the provision of new financial resources to address the most urgent challenges of climate change is commendable, even if long overdue, the question arises if in the rush to do good the donor governments have really done well, writes Liane Schalatek from Washington, DC.
A new study commissioned by the Heinrich Böll Foundation and WWF, 'New Finance for Climate Change and the Environment' (see reference) describes an apparent ad hoc approach leading to a patchwork quilt of funding mechanisms which lack cohesion, coordination and risks an aggravation of dysfunction because of real and potential competition among the international lead agencies involved, specifically the World Bank and the Global Environment Facility (GEF) ... ... this article comes up in Issue 5/Sep-Oct 2008 and is for subscribers only. For direct log in >>> click here.If you have no subscription >>> pick your option or >>>
At first glance, everyday life seems not to have changed in Istanbul. The streets are congested; people hurry to the ferry or the bus. For weeks, there has been no terror attack. Nevertheless, there are some visible changes. There are much more policemen in the streets. In some days, the Istiklal Caddesi, the main shopping street on the European side, seems to be under a state of siege. At every street corner, there is police van with the blue light switched on.
Recent disturbing trends in international finance have particularly problematic implications, especially for developing countries. The new United Nations report, World Economic Situation and Prospects 2017 (WESP 2017), is the only recent report of a multilateral inter-governmental organization to recognize these problems, especially as they are relevant to the financing requirements for achieving the Sustainable Development Goals (SDGs).
The Trump government signals unequivocally the end of international US hegemony. An international hegemon is able to define rules that find relatively broad acceptance internationally and plays a role in safeguarding international economic stability. The Trump government announced measures that go against the present economic rules while not proposing new ones.
The global deficit in quality jobs and deteriorating economic conditions in a number of regions threatens to undo decades of progress in poverty reduction, warns a new report by the International Labour Organization (ILO), the World Employment and Social Outlook (WESO) 2016.
Weakening of workers' rights in most regions is being aggravated by severe crackdowns on freedom of speech and assembly, according to the 2016 Global Rights Index. Restrictions on freedom of speech and assembly, including severe crackdowns in some countries, increased by 22%, with 50 out of 141 countries surveyed recording restrictions.