A few years ago, this would have seemed a strange question, as debt management and climate policy have traditionally been regarded as unrelated fields. But at a workshop at the annual Debt Management Forum in Vienna on May 22, 2017, debt managers from 50 developing countries discussed the role of emerging debt instruments such as green bonds and blue bonds, in raising capital for climate-friendly projects that range from reforestation to renewable energy.
While green and blue bonds resemble more traditional debt instruments in terms of structure and returns, they represent a novel approach to climate finance. Created just ten years ago, the total value of green bonds has grown at a spectacular pace, reaching US$82.6 billion in 2016. By the end of 2017, the total value of green bonds will likely exceed US$100 billion.
Small states (SST)
Poor math and science scores in Sub-Saharan African schools – particularly in school-leaving exams – has long plagued educationists and policy makers. As my colleague, Waly Wane, pointed out in a recent post, failures to improve learning outcomes in these subjects raise doubts as to whether African education policies can ever deliver the scientists and engineers the continent needs to do better socio-economically.
Socio-emotional skills are the new hot topic in education. Governments, ministers of education, policymakers, education experts, psychologists, economists, international organizations, and others have been captivated by these skills and their contribution to students’ academic and life outcomes. The goal seems clear, but the way to achieve results is not so obvious. Most of the literature focuses on the impact of socio-emotional skills on different outcomes, while much less illuminates the specific mechanisms through which teachers can boost students’ socio-emotional development.
It is estimated that more than 250 million school children throughout the world cannot read. This is unfortunate because literacy has enormous benefits – both for the individual and society. Higher literacy rates are associated with healthier populations, less crime, greater economic growth, and higher employment rates. For a person, literacy is a foundational skill required to acquire advanced skills. These, in turn, confer higher wages and more employment across labor markets .
The Joint Secretariat of High Level Panel on Water and Connect4Climate announced today that the winner of the Instagram Photo Competition — #All4TheGreen Photo4Climate Contest Special Blue Prize — for the best photo on water is Probal Rashid, from Bangladesh, with a photo taken in his country showing how water stress is affecting individuals in his community.
The Special Blue Prize was created as part of the #All4TheGreen Photo4Climate Contest and aimed to select the best photo on the value of water: clean water, dirty water, lack of water, how inadequate access to water and sanitation causes poor health and stunting, how too much or too little water contributes to environmental disasters and human suffering, or how water insecurity can lead to fragility and violence. What is the value of water to you?
Rani, 9, collects rainwater for drinking. Rainwater is the main source of drinking water in the village of Shyamnagar, Satkhira, Bangladesh. Due to sea-level rising resulting from climate change, limited sweet water sources of the coastal area have widely been contaminated with saline water.
Our continued belief in the enormous resourcefulness, resilience and sheer drive of young Arab women has yet again been reconfirmed.
In extreme conditions, a human can survive three minutes without air, three days without water, and three weeks without food. To support a global population that has grown to 7.5 billion, the demand for these essential natural resources is increasing, leading to deforestation, habitat degradation and fragmentation, overgrazing, and over exploitation.
In the quest to survive and thrive, humans have already converted 38% of the world's land area for farming; in addition, we have deforested land for industry, mining and infrastructure, leaving less than 15% of the world's land area as terrestrial protected areas for biodiversity conservation. If there is so much human pressure on protected areas, where can the remaining populations of elephants, big cats, and other wildlife go in search of their own food and water? A rich maize harvest, an unprotected paddy field or a well-fed cow in the surrounding landscape would (understandably) seem irresistible. This conflict over natural resources, especially land and water, is the root cause of human-wildlife conflict.
Developing countries made considerable gains during the 2000s, resulting in a large reduction in extreme poverty and a significant expansion of the middle class. More recently that progress has slowed—and the prognosis is for more of the same, given an environment of lackluster global trade, a lack of jobs coupled with skills mismatches, greater income inequality, unprecedented population aging in richer countries, and youth bulges in the poorer ones. As a result, developing countries are unlikely to close the development gap anytime soon.
Recently, the OECD released the results for PISA 2015, an international assessment that measures the skills of 15-year-old students in applying their knowledge of science, reading, and mathematics to real-life problems. There is a sense of urgency to ensure that students have solid skills amidst modest economic growth and long-term demographic decline in Europe and Central Asia (ECA).
Engineers are taught that water is the greatest enemy of transport infrastructure, and unfortunately climate change is leading to an increase in floods and storms, especially within the South-East Asia region. For example, the figure below shows the number of floods and storms for some Asian countries between 2000 and 2008. The significant increase in the number of floods is self-evident.
Born in Tunisia, Selma Turki left her native country for France when she was two. She returned to Tunisia for high school and to pass her Baccalaureate. She studied architecture for two years at the Paris Ecole des Beaux Arts before moving to Canada to pursue her studies in computer science. She also accomplished leadership and management education at Henley Business School (UK) and Berkeley (US).
Last November, 345 “Zika Warriors” took to the streets of Jamaica to fight the spread of the Zika virus in 30 communities. These local residents trained as vector control aides to prevent Zika primarily by improving waste management in their communities, including cleaning up public spaces and destroying mosquito breeding sites. In addition, they distributed bed nets to pregnant households.
As we observe World Health Day today, we look back with great thanks to the significant reduction in Zika in these communities. Anecdotal evidence suggested that the Zika Warriors significantly stemmed the spread of the virus, especially compared to the 2014 Chikungunya outbreak that led Jamaica to declare a state of emergency.
As a first responder to the pandemic, the Jamaica Social Investment Fund (JSIF) designed this program within an existing waste management program of the World Bank’s Integrated Community Development Project, directly benefitting more than 140,000 citizens.
Riad Hartani was born and raised in Algiers. He graduated as an engineer from Ecole Polytechnique with highest honors and went on to obtain Engineering and Master degrees in France, both with highest distinctions. At the age of 25, he was awarded a Doctorate in Artificial Intelligence with highest honors and best thesis distinction, from the University of Paris. Subsequently he pursued his work as a post-Doctoral fellow in Machine Learning and Computational Intelligence at the University of California, Berkeley.
Along the beach in Mondouku, Côte d'Ivoire, a group of fishermen have just returned with their catch. Many of them come from neighboring Ghana, and they tell us that they come to the Ivorian part of the coast because there are more fish here. Still, they explain that the fish are smaller in size and number compared to previous years. The beach they are sitting on is lined with small hotels and cabanas destroyed in a storm surges over the past few years. A bit further down the coast, near the Vridi Canal, we speak with Conde Abdoulaye, who runs the lobster restaurant that his father ran before him. Even at low tide, the water laps against the steps of the restaurant and a retaining wall which he has rebuilt numerous times. He says he knows it is inevitable that at some point the sea will swallow his restaurant, and he will have to leave. He blames the canal for most of the beach erosion, but also acknowledges that changing weather patterns and increasing storms have contributed to the damage.
It’s been six years since the citizens of the Middle East and North Africa came into the streets to demonstrate against, among other pressing issues, economic injustice and lack of government transparency. A wave of hope and optimism swept across the region and new governments were ushered in around the region, with leaders, standing on the shoulders of the “Arab Spring” promising a new era of accountability, openness, political freedom and economic opportunity.