With the United Nations Climate Change Conference (COP 23), in Bonn, Germany, entering its final week of negotiations, the Fiji Presidency today announced an agreement on a Gender Action Plan, highlighting the role of women in climate action.
At a press conference, President of COP 23 and Prime Minister of Fiji, Frank Bainimarama, announced that the Parties had finalized the plan, which still has to be adopted.
“This recognizes the role of women in climate action,” he said.
“It is about integration of gender into all the work around climate policy – both nationally and internationally,” added Nazhat Shameen Khan, the Chief Negotiator for the COP 23 Presidency.
Heads of State and Government, Ministers, and UN Secretary-General António Guterres will be attending the high-level segment of COP 23, on 15-16 November.
New national and corporate climate action on forests
Also Sunday, countries and corporations announced new initiatives to cut emissions from forest use and establish sustainable forestry management programmes.
The efforts include an Ecuadorean initiative to reduce 15 million tons of CO2 emissions in the forest sector; a commitment to deforestation-free commodities by Walmart; Mars Inc.’s new policy to reduce their carbon footprint 27 per cent by 2025 and 67 per cent by 2050 through addressing deforestation throughout their corporate value chain; and Gabon’s National Park Service efforts to combat illegal logging.
“The forests have this incredible ability to store carbon and we have underinvested in that,” said Inger Andersen, Director-General of the International Union for Conservation of Nature (IUCN), at a press conference.
Hundreds of companies commit to climate action
Also today in Boon, the industry sector said that it is set to deliver much of the emissions reductions needed to achieve the Paris Agreement goal but added that closer national and international policy and implementation strategy partnerships together with governments will help business take further, faster action.
“Industry is taking action on climate change like no other period in history,” said Peter Bakker, President and CEO of the World Business Council for Sustainable Development (WBCSD, a global, business leaders-led organization of over 200 leading businesses working on sustainable development).
“The transition to the low-carbon economy is inevitable, and business will continue to implement the solutions necessary for fulfilling the Paris Agreement,” he added.
Since 2015, over 600 companies with combined revenues of more than $15 trillion have made over 1,000 commitments to climate action through ‘We Mean Business,’ a global non-profit coalition. Many are going 100 percent renewable, are implementing science-based targets and are collaborating across sectors through the Low Carbon Technology Partnership initiative (LCTPi).
Local, regional leaders sign Commitment for faster climate action
Local and regional leaders from around the world signed the Bonn-Fiji Commitment Sunday, pledging action to deliver on the Paris Agreement.
Cities are responsible for as much as 70 per cent of greenhouse gas emissions from fossil fuels used for energy and transport, and with more than half the global population living in urban centres and this figure expected to approach two-thirds by 2050, the Bonn-Fiji Commitment pushes efforts to advance sustainable urban development.
The Commitment encompasses 19 initiatives, including The European Covenant of Mayors and Compact of Mayors joining forces to create the Global Covenant of Mayors for Climate and Energy – the largest coalition of over 7,400 cities from six continents and 121 countries to reduce emissions and make societies and economies resilient to climate change.
Similarly, the UN World Health Organization (WHO), in collaboration with the UN Climate Change secretariat (UNFCCC) and in partnership with the Fijian Presidency launched an initiative to protect people living in small island developing States from the health impacts of climate change.
The vision is that, by 2030, all small island developing States will have health systems that are resilient to climate change.
Philippines Growth to Remain Strong Despite Global Uncertainty
The World Bank maintains its 6.7 percent growth forecast for 2018 and 2019 despite rising global uncertainty. Considering recent economic data, the composition of expected growth was revised as compared to the April edition of the World Bank Philippines Economic Update.
Given recent fiscal trends, government consumption growth was revised upwards, while private consumption growth is expected to expand at 5.9 percent in 2018 and 6.2 percent in 2019.
Investment growth was slightly upgraded due to higher public capital outlays, including increased infrastructure spending. Overall, it is anticipated that real GDP growth will increase towards the end of 2018 and into the first half of 2019 with higher election-related public spending.
“The government’s ability to carry out its investment spending agenda will determine if the Philippines can achieve its growth target of 6.5-7.5 percent over the medium term,” said Birgit Hansl, World Bank Lead Economist for the Philippines. “In addition, higher private investment levels will be critical to sustain the economy’s growth momentum as capacity constraints become more binding.”
Exports, a key driver of growth for the Philippines economy, are projected to moderate in the coming years as global growth is expected to decelerate.
The World Bank’s June 2018 Global Economic Prospects projected a gradual global slowdown over the next two years, predicated on moderately higher commodity prices, strong but gradually moderating global demand, and incremental tightening of global financing conditions. Uncertainty around global growth conditions has risen, with the possibility of trade and other policy shocks emerging from major economies.
New Programme Aims to Improve Infrastructure Procurement Capacity in Africa
The Africa Infrastructure Fellowship Programme (AIFP) was today announced by Jean-Baptiste Lemoyne, Minister of State attached to France’s Minister for Europe and Foreign Affairs.
The World Economic Forum, the Global Infrastructure Hub and the private investment firm Meridiam have partnered to create the Africa Infrastructure Fellowship Programme (AIFP), an initiative to help African governments strengthen internal procurement capability by training and retaining key officials in procurement agencies, with the aim of attracting greater private-sector investment to Africa.
The components of the programme will be tailored to the needs of each country but, at its core, the AIFP will be made up of the following elements:
- Three-day introduction to infrastructure procurement and networking with peers (provided by GI Hub)
- Tutoring and examination through the Multilateral Development Banks’ Private Public Partnerships certification course
- Two-week intensive course in infrastructure procurement (provided by selected universities)
- Two-month placement in a private-sector company’s infrastructure team
- Ongoing support for 12 months following the programme, including twice-yearly AIFP-related events hosted by the GI Hub
“It is important to emphasize that this project is in line with the mission of the Forum, to improve the state of the world. It is necessary to highlight the importance of jointly solving the challenges that surround the development of infrastructure at the global level,” said Denise Burnet, Head of Event Management and Member of the Executive Committee at the World Economic Forum.
Chris Heathcote, Chief Executive Officer of the Global Infrastructure Hub, said that, despite ongoing efforts, attracting private-sector investment into Africa remains a major challenge, and is a barrier to achieving the UN Sustainable Development Goals.
“In order to meet the UN SDGs and the demands of accelerating economic and population growth in the African continent, we forecast that these countries will need to spend $7.6 trillion to 2040. Our analysis forecasts that the continent will invest $4.3 trillion based on current trends, exposing an investment gap of $3.3 trillion, or 43%. Investors will only invest in countries where market conditions are favourable, and it’s our goal through this initiative to assist in creating an environment that is conducive to private-sector investment in infrastructure,” said Heathcote.
Thierry Déau, Chief Executive Officer of Meridiam, added: “As long-term investors, we are convinced that key success factors to projects rely on excellent synergies between the private and public sector. We chose to accompany the AIFP initiative, convinced that this agile organization based on strong commitments of stakeholders is the perfect tool to accelerate the deployment of sustainable infrastructure in Africa.”
Africa has the highest population growth globally, and a number of its countries rank highly in terms of economic growth; and yet these countries also have the lowest growth in infrastructure stock.
The AIFP will be a six-month capability-building programme that will give participants a robust understanding of procurement, governance and the role of the private sector in infrastructure projects. The programme will provide participants with a mix of theoretical and practical training, opportunities to work within major private-sector companies, and lead to the establishment of a strong network of infrastructure practitioners across Africa.
How ICT is transforming and making our societies more resilient
Together with the International Telecommunication Union (ITU) and other partners, the United Nations Industrial Development Organization (UNIDO) has organized a side event at the UN High-level Political Forum on Sustainable Development (HLPF) to explore how information and communication technology (ICT) is transforming and making our societies more resilient.
The HLPF, which runs through to 18 July, brings together more than a thousand government, business and civil society leaders. The Forum, which meets annually under the auspices of ECOSOC, is a platform for the exchange of experiences in the implementation of the Sustainable Development Goals (SDGs), identifying gaps and lessons learned.
A selected multi-stakeholder panel at the side event, “ICT enabling the transformation towards sustainable and resilient societies”, included government, business and the UN. Participants discussed how digital technologies are improving productivity and competitiveness, pointing out that recent studies confirm that digitalization has immense potential that could deliver around $100 trillion in value to business and society over the next decade. It was also noted that digital solutions have the potential to enhance resource optimization and efficiency in water and energy consumption.
Providing a UN perspective, UNIDO’s Takeshi Nagasawa said, “The sustainable energy transition and Industry 4.0 share important characteristics that can be interconnected to pursue a sustainable energy transition. Such integrated approaches could be guided by the SDGs, which provide important target setting for energy, climate change and industry,” adding that UNIDO has “the capability and relevant portfolio to foster Industry 4.0 across all stages of industrial development.”
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