Finance ministers and central bank governors of the world’s 20 major economies, accounting for 66 percent of world population, have pledged to “promote an enabling global economic environment for developing countries as they pursue their sustainable development agendas”.
In this context, they are looking forward to “a successful outcome” of the U.N. Summit in New York for the adoption of the 2030 Agenda for Sustainable Development. The summit will be held from Sep. 25 to 27 in New York as a high-level plenary meeting of the General Assembly of the world body.
The G20, meeting in Turkey’s capital Ankara on Sep. 4-5, reviewed ongoing economic developments, their respective growth prospects, and recent volatility in financial markets and its underlying economic conditions. They welcomed “the strengthening economic activity in some economies” but said that global growth was falling short of their expectations.
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With global climate action stagnating, sustained community-driven initiatives can fill the governance gap and also help mitigate climate-related security risks in South Asia.
The longstanding dispute over water rights among Egypt, Sudan and Ethiopia escalated in 2011 when Ethiopia began construction of the Grand Ethiopian Renaissance Dam (GERD), in the absence of any agreement with downstream Egypt. The GERD dispute offers an alarming insight into just how dangerous future transboundary water disputes may become, particularly in the context of a changing climate.
Though focused on climate change, National Adaptation Plans offer important assessments of the risks a country faces and can be valuable in devising comprehensive pandemic response strategies.
Women in the region suffer disproportionately from climate impacts, but they also play an essential role in addressing climate change. With the right policy responses, it is possible to reduce security risks and empower women to better address the challenges they face.