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COP29: The climate funds math that needs to be reset, explained

The 29th annual United Nations climate summit, COP29, started in Azerbaijan this week. The enhanced financial support would help developing countries strengthen their national climate plans, which, too, are due for an update in 2025. COP29 stakes The NCQG would also support climate adaptation—the component of climate action aimed at helping countries adjust to existing climate impacts. "The election result …

Global Climate Developing Countries Countries Unctad Paris Cop29

4 months ago

Climate crisis data: A critical guide to government responses

Hindustan Times

The urgency of limiting global temperatures to 1.5 ℃ is established from the climate crisis data that addresses the question --what is the change in global temperature from the pre-industrial level due to anthropogenic factors? According to the World Economic Forum, the global cost of damages to infrastructure, property, agriculture, and human health due to the climate crisis is estimated …

Global Climate Change Change Climate Data Developing Crisis

6 months, 1 week ago

President calls for expanding imports from developing nations

China Daily

President Xi Jinping delivers a video speech to the opening ceremony of the celebration for the 60th anniversary of the United Nations Conference on Trade and Development, June 12, 2024. President Xi Jinping said on Wednesday that China will actively seek to expand imports from other developing countries, step up cooperation in trade, investment and development, and help implement the …

China Trade Development Developing Countries Unctad Developing World

1 year, 9 months ago

Don't leave Global South out of green tech growth, UN warns

The Independent

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

Developing Developing Countries Green Green Technology Green Technologies Countries Unctad

2 years, 9 months ago

India's 2022 GDP Growth Downgraded to 4.6% Due to Ongoing War in Ukraine: UN Report

News 18

India's projected economic growth for 2022 has been downgraded by over two per cent to 4.6% by the United Nations, a decrease attributed to the ongoing war in Ukraine, with New Delhi expected to face restraints on energy access and prices, reflexes from trade sanctions, food inflation, tightening policies and financial instability, according to a UN report released on Thursday. …

Food India Growth China War Ukraine Russia

3 years, 3 months ago

As rich-poor divide widens between nations, UN urges reform

Al Jazeera

Developing countries could shoulder most of the cost of the coronavirus crisis, a new report from the UN warns. “The danger of a lost decade ahead remains a very real one,” Richard Kozul-Wright, UNCTAD’s director of globalisation and development strategies, told Al Jazeera. “And so far, the discussion of reform of the multilateral system, along the lines that followed the …

Global China Trade World Financial Developing Developing Countries

3 years, 5 months ago

In India, 7.3% of the population owned digital currency in 2021, seventh highest in the world: U.N.

The Hindu

Over seven per cent of India’s population owns digital currency, according to the U.N., which said that the use of cryptocurrency rose globally at an unprecedented rate during the COVID-19 pandemic. The U.N. trade and development body UNCTAD said that in 2021, developing countries accounted for 15 of the top 20 economies when it comes to the share of the …

India Financial Digital Developing Developing Countries Digital Currency Currency

4 years, 2 months ago

Export Growth Declined in India in 3rd Quarter of 2020 but Picked up Pace in September: UNCTAD

News 18

Export growth declined in India in the third quarter of 2020 relative to the same quarter last year but picked up pace in September, according to a global trade update by the UN. The UNCTAD’s new global trade update said that global trade recorded a 5 per cent drop in the third quarter of 2020 compared with the same period …

India Growth Global Trade Developing Countries Cent Quarter 2020

4 years, 2 months ago

A Lost Decade: Decoding the cost of Covid-19 pandemic

India Today

A decade after facing the worst financial crisis since the Great Depression in the 1930s, the world has again stumbled upon an unprecedented economic challenge due to a microscopic virus. Citing International Labour Organisation estimates, the UNCTAD report indicated that the pandemic has put jobs of more than 500 million people in jeopardy, mainly in the developing world. In what …

Global India World Pandemic Economic Developing Report

4 years, 3 months ago

UNCTAD warns against austerity

Live Mint

Developing countries should opt for a self-sustaining fiscal expansion to recover from the covid-induced economic shock, as fiscal austerity due to the fear of accumulating public debt could force them into another ‘lost decade’, the United Nations Conference on Trade and Development warned on Tuesday in a report. The UNCTAD Trade and Development Report 2020 said the global economic crisis …

Indian Unctad

4 years, 6 months ago

India will continue to attract FDI, says U.N. trade body