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Cause and Effect | COP29 opens with divisions over Europe’s carbon border tax and climate financing
1 month, 1 week ago

Cause and Effect | COP29 opens with divisions over Europe’s carbon border tax and climate financing

Hindustan Times  

The UN Conference of Parties Summit began in Baku, Azerbaijan on Monday, the second year in a row that an oil-producing nation has held the presidency. From the EU’s perspective, the mechanism was aimed at “levelling the playing field” for its firms that operate under the EU’s Emissions Trading System and pay a domestic carbon price to cushion them from …

Global Trade Climate Developing Countries Countries Unctad Carbon
The Palestinian economy is in free fall and will require billions to rebuild, the UN says
3 months, 1 week ago

The Palestinian economy is in free fall and will require billions to rebuild, the UN says

Associated Press  

GENEVA — The Palestinian economy is “in free fall,” the United Nations reported Thursday, with production in Gaza plunging to one-sixth of its level before Israeli forces began a blistering military response to the Oct. 7 attacks in the territory. The report from UN Trade and Development, or UNCTAD, also warned of “rapid and alarming economic decline” in the West …

Gaza Israel Report Palestinians Israeli Unctad Palestinian Economy
Gaza needed billions in aid before Israel-Hamas war: UN
1 year, 2 months ago

Gaza needed billions in aid before Israel-Hamas war: UN

Al Jazeera  

Before the conflict broke out on October 7, the economic conditions in Gaza were dire after years of the Israeli blockade. Gaza already needed billions of dollars in international aid to compensate for years of Israeli blockade before the Israel-Hamas war broke out, a United Nations report states. “Donors and the international community need to extend significant economic aid to …

Gaza Israel Report Aid Unctad
FDI inflow dips 26% in 2021: Unctad
2 years, 11 months ago

FDI inflow dips 26% in 2021: Unctad

Deccan Chronicle  

Chennai: FDI flows to India were 26 per cent lower in 2021, according to an UN body. According to Unctad, the decline in FDI in 2021 was mainly because large mergers and acquisitions deals recorded in 2020 were not repeated last year. Global foreign direct investment flows showed a strong rebound in 2021, up 77 per cent to an estimated …

India Billion Unctad 2021 Fdi Fdi Inflow
UN agency: Israel’s Gaza blockade has devastated economy
4 years ago

UN agency: Israel’s Gaza blockade has devastated economy

Associated Press  

JERUSALEM — Israel’s blockade of the Hamas-ruled Gaza Strip has cost the seaside territory as much as $16.7 billion in economic losses and sent poverty and unemployment skyrocketing, a U.N. report said Wednesday, as it called on Israel to lift the closure. “The result has been the near-collapse of Gaza’s regional economy and its isolation from the Palestinian economy and …

Gaza Report Hamas Palestinians Israeli Unctad Gaza Strip