2022 has been a year of great uncertainty when it seemed the world perilously reached the brink of self-destruction – be it human-induced climate change or military conflict.
The spectre of “stagflation” threatens the world once again. This time, the risk is the direct consequence of political provocations and war.
The planet is already 1.1 degrees Celsius warmer than in pre-industrial times. July 2021 was the hottest month ever recorded in 142 years. Despite the pandemic slowdown, 2020 has been the hottest year so far, ending the warmest decade (2011-2020) ever.
Quickly enabling greater and more affordable production of and access to Covid-19 medical needs are urgently needed in the South.
Addressing global warming requires cutting carbon emissions by almost half by 2030! For the Intergovernmental Panel on Climate Change (IPCC), emissions must fall by 45 percent below 2010 levels by 2030 to limit warming to 1.5 degrees Celsius, instead of the 2.7 degrees Celsius now expected.
The current climate mitigation plans will result in a catastrophic 2.7 degrees Celsius rise in world temperature. USD 1.6-3.8 trillion is needed annually to avoid global warming exceeding 1.5 degrees Celsius.
“The outlook for LDCs is grim.”—the latest United Nations (UN) assessment of the prospects for the least developed countries (LDCs) notes recent setbacks without finding any silver lining on the horizon.
Vaccine costs have pushed many developing countries to the end of the Covid-19 inoculation queue, with most low-income nations not even lining up. What’s worse, less vaccinated poor nations cannot afford fiscal efforts to provide relief or stimulate recovery—let alone achieve Agenda 2030.