Wealthy nations are expected to fall up to $75 billion short of fulfilling their long-standing pledge to mobilize $100 billion each year from 2020 to 2025 to help the most vulnerable countries adapt to the dangerous effects of climate change and reduce their emissions, according to estimates by Oxfam. This analysis comes ahead of informal… Continue reading A shortfall of $75 billion expected over a period of six-years affecting the most vulnerable nations
Tag: wealth
Billionaires need to feed the hungry
Ikhtiar Mohammad While there are millions who cannot afford bread and butter even once a day, there are others who have ample wealth which is impossible for them to spend in their lifetime. “I cannot manage to feed my son even twice a day let alone paying for his medical treatment,” said Hasan’s mother. Hasan… Continue reading Billionaires need to feed the hungry
Corporate CEO’s earn a workers lifetime salary in less than a week
Richest 1 percent bagged 82 percent of wealth created last year – poorest half of humanity got nothing Eighty two percent of the wealth generated last year went to the richest one percent of the global population, while the 3.7 billion people who make up the poorest half of the world saw no increase in… Continue reading Corporate CEO’s earn a workers lifetime salary in less than a week
Climate change adaptation in global megacities protects wealth – not people
Lucien Georgeson and Mark Maslin Cities across the world are increasingly at risk from climate change. People living in extreme poverty are especially vulnerable, both because global warming will tend to hit developing countries the hardest, and because they have less money to throw at the problem. We used newly-available data to investigate how cities… Continue reading Climate change adaptation in global megacities protects wealth – not people