05 July 2012 - Private sector-led agribusiness brings with it opportunities but also dangers.
The G8 summit last May ended with a pledge to end hunger in Africa and a plan to inject $3 billion into African agriculture with the aim of “catalysing private sector investment in African agriculture”. This record investment, derived entirely from the private sector, appears to stem from a realisation that previous aid commitments have failed, as well as perhaps an assessment of government priorities in an environment of Western austerity.
The G8’s position represents a significant leap of faith in market-friendly agriculture four years after the 2008 global food crisis when increasing food prices led to unrest in a number of developing countries. For its alleged ability to promote business opportunities in low income markets, offer inputs and links to markets for small-scale producers, agribusiness was recently elevated by the International Fund for Agriculture and Development as a key driver of hunger reduction. The primary objective of the G8’s New Alliance for Food Security and Nutrition is a shared commitment to increase investment into African agriculture, luring investors to Africa’s food markets on the premise of favourable returns and low tax rates. It will initially be launched in Ethiopia, Ghana, and Tanzania.
For the complete article, please see ThinkAfricaPress.
Scientists across the globe are developing live dashboards to study the natural world in unprecedented detail - ushering in a new age of opportunities and ethical dilemmas.
Jair Bolsonaro, Brasil’s current de facto presidential frontrunner, says he would withdraw Brazil from the Paris Agreement if he wins the October election. The withdrawal of such an important developing country, home to the world’s largest rainforest, would deal a blow to international climate cooperation. Bolsorano’s opposition to the international pact has drawn criticism from the UN’s environment chief.
There are only a few weeks to go before international and local leaders from states, regions, cities, businesses, investors and civil society travel to the Global Climate Action Summit in San Francisco to create a new wave of mobilization. As Earth is at risk of entering a situation of extreme conditions, those going must bring along more than just flowers in their hair.
Until now, no one had seriously doubted that relations between the US and Europe, for all the difficulties and conflicts they have gone through, would continue safe and sound. Since Trump was elected as US President however, the atmosphere has changed. The re-nationalisation of the world order has gained speed and is making clear how far advanced global interdependencies have become. With global multilateralism in crisis, climate diplomacy could act as a new driving force.