The International Monetary Fund is to start factoring in climate change to its macroeconomic models from next year, Climate Home has learned. That means its much-cited World Economic Outlook could expose how moves to curb greenhouse gas emissions threaten growth in oil-exporting countries, for example. The Washington DC-based IMF is the world’s leading authority on financial stability, boasting significant influence in the 188 countries it counts as members.
In May, it released a controversial study suggesting fossil fuel subsidies were worth US$5.3 trillion a year. In August, it urged Saudi Arabia to diversify its economy away from oil. Christine Lagarde, head of the organisation, has repeatedly called for carbon pricing to encourage green investment.
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It’s official: India has been elected as a non-permanent member of the United Nations Security Council (UNSC) for 2021-22. Previously, the country has adopted a cautionary approach towards climate security. While it may not significantly shift its positions, global realities may trigger more openness, with an eye on multilateralism, rule of law and fairness.
75 years ago, the UN was born. In Latin America and the Caribbean, the UN looks back at several important achievements, but much work on persisting challenges still lies ahead. Increased UN engagement in three areas can make the region more resilient to future challenges.
Conflicts connected to water-security are often related to climate change issues. However, the link between water-scarcity-related risks and security challenges is not as straightforward, direct and immediate as often perceived. The online workshop ‘Mobilising decision-makers on water scarcity-induced conflict risks: The Water, Peace and Security Partnership’, organised by the European Peacebuilding Liaison Office (EPLO) and adelphi, looked into this complex relationship.
Insecurity is plaguing north-western Nigeria, due to persistent herder-farmer tensions, rising crime and infiltration by Islamist militants. Federal and state authorities should focus on resolving conflict between agrarian and pastoralist communities, through dialogue and resource-sharing agreements, while also stepping up law enforcement.