Two years of climate change negotiations have now ended in a farce in Copenhagen. Rather than grappling with complex issues, President Barack Obama decided instead to declare victory with a vague statement of principles agreed with a handful of other countries. The rest were handed a fait accompli, which some accepted and others denounced. The conference as a whole did neither, only “noting” it. Jeffrey Sachs comments.
Responsibility for this disaster reaches far and wide. Let us start with George W. Bush, who ignored climate change for the eight years of his presidency, wasting the world’s precious time. Then comes the United Nations, for managing the negotiating process so miserably during a two-year period. Then comes the European Union for pushing relentlessly for a single-minded vision of a global emissions-trading system, even when such a system would not fit the rest of the world.
Then comes the United States Senate, which has ignored climate change for 15 consecutive years since ratifying the UN Framework Convention on Climate Change. Finally, there is Obama, who effectively abandoned a systematic course of action under the UN framework, because it was proving nettlesome to US power and domestic politics ... ... this article 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.