The case for investing in pandemic preparedness is –or at least, should be - completely compelling. Few things could kill as many people as an influenza pandemic. Few threats can cause as much economic disruption as the contagion of fear triggered by a rapidly escalating epidemic. Reinforcing capabilities such as disease surveillance, diagnostic laboratories and infection control would be more effective and cost far less than spending money to contain outbreaks when they occur. Yet, so far, the global community has demonstrably not invested enough in preparedness. As a result, too many lives have been lost and too many livelihoods damaged, and the world remains scarily vulnerable.
It’s just one month into 2017, and for many, that means they have just launched their New Year’s resolutions. The gym is still crowded, your refrigerator is still full of healthy food, but that initial motivation may not be as high as it was on, say, January 2. So, it’s time to find new sources of motivation and even inspiration for keeping that New Year’s resolution. One place to find that inspiration is the Film4Climate competition. If you’re trying to find a reason to persevere through whatever new challenges you are finding, look no further than the winners of this competition. All these films put things in a unique perspective.
4 unprecedented disruptions to the global financial system
Climate change, migration, correspondent banking and cybercrime are putting unprecedented and unforeseen pressures on global financial markets.
They aren’t just disrupting the global financial system, but also affect how we approach international development work.
Let’s examine each trend:
- “Greening the financial sector” is the new buzz term to finance a transition toward a climate-resilient economy and to help combat climate change. This topic is now getting a lot of attention from the G20 to the Financial Stability Board. The international community is trying to understand what this transition will imply: , and how efficiently the financial sector can allocate financial resources. What we know is that currently fossil fuel subsidies and a lack of carbon tax are hindering the market from shifting financial resources from brown to green.
- Globally, an estimated 65 million people are forcibly displaced. Migration, resettlement or displacement, of course, impact where and how to channel aid to those in need. But more importantly, as displaced people settle down -- no matter how temporary or long-term -- to become self-sufficient and thrive, they will need to establish new financial relations. This can be for simple transactions such as receiving aid through payment cards (as opposed to cash) or for sending remittances. Or it can be for something more complex as getting a loan to start a business.
- At the same time, as the global banking industry is tightening regulations, large banks are withdrawing from correspondent banking and shutting down commercially unsustainable business lines. This recent phenomenon can have a huge impact in some regions on SMEs and on money transfer operators, which largely handle remittances.
- . The focus on cybersecurity risk has increased along with the proliferation of internet and information technology. Fintech is transforming the financial industry -- by extending access to financial services to people and small- and medium-sized enterprises (SMEs) previously left out of the formal financial system – but is also raising many questions, including concerns about cybersecurity. The same technology advancements that are propelling fintech are also addressing cybersecurity risk. However, there is a need to develop an appropriate regulatory framework in combination with industry best practices. This framework is evolving and regulators are grappling with how and when to regulate.
If ever there was a year to make significant progress on forest conservation and climate change, it was 2016. Coming on the heels of the historic COP21 Paris Agreement, 2016 was a year to demonstrate the commitment the World Bank Group has to support countries as they take forward their nationally determined contributions to address our global climate change challenge. It’s gratifying to look back on 2016 and feel that we contributed to harnessing this momentum and sense of urgency; especially in showing how sustainable land use, including sustainable forest management, is critical to achieving the ambitious targets set out in the Paris Agreement.
- capacity building
- forest action plan
- forest conservation
- sustainable land management
- Forest Carbon Partnership Facility
- climate finance
- Climate Change
- Climate Change
- South Asia
- Latin America & Caribbean
- Costa Rica
- Cote d'Ivoire
- Congo, Democratic Republic of
- Congo, Republic of
Last year in Paris, world leaders came together for the first time to commit to keeping global warming below 2°C. With the Paris Agreement in force and negotiators at COP22 in Marrakesh teasing out the details of implementing the Agreement, countries are developing their action plans (or Nationally Determined Contributions, NDCs) to reduce global greenhouse gas emissions. Part of this is looking at how carbon assets could be traded across borders.
We were standing at ground zero in the fight against climate change, looking at a still body of water and talking. Our group was gathered along the edges of a “farm pond,” a technique used by farmers to enhance agricultural resilience to climate change, which often impacts countries through crippling droughts. A farmer demonstrated the measures he had taken to protect his livelihood from the extreme weather events that were increasingly common in his region.
“She who succeeds in gaining the mastery of the bicycle will gain the mastery of life.” - Susan B. Anthony
In America during the 1890s, the bicycle provided women with unprecedented autonomy of mobility and abolished many old fashions, including corsets, bustles, and long voluminous skirts. Bicycles came to epitomize the quintessential “new woman” of the late 19th Century. She was believed to be college educated, active in sports, interested in pursuing a career, and looking for a marriage based on equality. The image of the “new women” was also almost always portrayed on a bicycle! An 1895 article found in the American Wheelman, mentions suffragist leader, Elizabeth Cady Stanton who predicted: “The bicycle will inspire women with more courage, self-respect, self-reliance….”
At a conference I attended on cycling, the coffee break chatter included this intriguing question: “What can be more picturesque than a woman on the bicycle?” After a few moments of loud deliberations none of the cycling scholars were able to come up with a clever enough answer, but the expected answer was very obvious: “TWO women riding bicycles!” What a perfect match for the testimony of women’s rights activist, Susan B. Anthony, who stated: “Let me tell you what I think of bicycling. I think it has done more to emancipate women than anything else in the world. It gives women a feeling of freedom and self-reliance. I stand and rejoice every time I see a woman ride by on a wheel… the picture of free, untrammeled womanhood.”
It’s amazing to witness people from different walks of life; different countries or differing religions work together for the social good. Such is the compelling story about five women who indirectly and directly empower each other to advocate for the usage of the bicycle as a means of transport in Uganda’s Capital, Kampala. When the London based staff writer, Maeve Shearlaw of The Guardian, wrote an article in August 2015 titled, "Potholes, sewage and traffic hostility: can Kampala ever be a bike-friendly city?", she was most likely not anticipating that a year later her story would inspire three female students from Sweden’s Red Cross College University in Stockholm. The three were taking a course called: Documentary in the World, as a part of a one-year program focused on global social issues.
Photo Credit: United Nations
Public-private partnerships fit well into many sectors and industries, most obviously infrastructure and social services. But I never connected PPPs to the life insurance sector until I read a recent online interview with Andreas Gruber, the Chief Investment Officer of Allianz, a German insurance and asset management company. In the interview, Gruber gives a lucid assessment of PPPs and why they are important to Allianz.
The day kicked off with the High-level Event on the Entry into Force of the Paris Agreement, hosted by Secretary-General Ban Ki-moon in the General Assembly. Ban Ki-moon declared that more than 55 countries had formally joined the Paris Agreement on climate change signed by world leaders this past April, thus officially crossing one of the two thresholds required to bring into force the landmark pact that seeks to put the world on a path towards low-carbon growth and a more sustainable future.
“There is no time to waste. Today will take us one step closer to bringing the Paris Agreement into force this year,” the UN chief stressed. With the recent announcement that India is committed to ratifying the Paris Agreement, it looks like it is increasingly a done deal.
People have been harnessing water to produce energy and perform work for thousands of years. The ancient Greeks used watermills to grind wheat into flour. Ancient Romans used the power of water to cut timber and stone. During the Han dynasty in China, hydraulically operated pumps raised water for crops into irrigation canals. .
Today it represents 16.6 percent of the world’s total electricity production while contributing 80% of the global renewable electricity mix.