Africa is looking increasingly risky for investors and global supply chains. Or at least, that’s the judgement of the latest Global Risks and Resilience Atlas published on Thursday by Maplecroft.
Worldwide, 21 countries saw an increase in their exposure to risks, of which 15 are African, including: Mali, Mozambique, Tanzania, Senegal, Madagascar, Burkina Faso and Eritrea. Read more
South Korea’s pride got a boost last year when it was chosen to host the UN’s Green Climate Fund, aimed at channeling billions of dollars to help developing countries mitigate the effects of climate change. But the challenges facing the fund loomed large on Wednesday at its star-studded launch in the new business zone of Songdo, near Seoul.
By Brian Marrs and Agata Hinc
Can the European Union regain the global lead on climate policy? Yes, but not without natural gas. The EU’s credibility as an international leader on climate change hinges on successfully realising its grand visions of a renewables-centric society beyond coal. This vision is simply Euro-dreaming without natural gas, a critical fuel for challenging coal today and supporting renewables tomorrow. Those who are sceptical should just look across the Atlantic, where a natural gas boom has boosted the US economy, bypassed coal-fired generation, and allowed states like California to more cost-effectively assimilate renewables. Read more
By Artur Gradziuk of the Polish Institute of International Affairs
Poland has a real image problem when it comes to climate change. Being on the defensive over more ambitious EU climate targets makes it hard for Warsaw to shift attention to aspects of its climate policy that it can be proud of.
One of these is decoupling. While Poland’s economic output doubled over the last 25 years, its greenhouse gas emissions did not increase. In fact,they shrank by more than 30 per cent. In theory, this kind of achievement should serve as an inspiration to other fast-developing countries. Read more
Britain: quite safe, actually
Monday’s storm in southern England may cost insurers around $500m, and the economic impact will be greater still. But for all the media’s headlines about killer storms and more chaos to come, London will be relatively untouched by the flux in weather for the near future.
In fact, London and Paris are the only cities facing a “low risk” from the impacts of climate change, according to a new report from Maplecroft, a risk consultancy. For cities at greater risk, look elsewhere. Read more
As a major emitter of greenhouse gasses from deforestation and the caretaker of a large chunk of the world’s remaining tropical forest, Indonesia finds itself at the top of the United Nations’ climate change agenda.
Yet despite a pledge by Norway to give the country $1bn as part of the UN’s landmark programme to reduce emissions from deforestation (REDD), progress has been painfully slow because of weak governance and rampant corruption. Read more
If you thought ‘superstorm’ Sandy was bad, here’s a sobering thought: New York isn’t even a high-risk city when it comes to climate change. For that, head to Asia.
According to a report by Maplecroft, the risk consultancy, several big Asian financial and manufacturing centres are in the danger zone. Read more
High temperatures are hurting crops in Russia and the US alike, raising fears over food prices. But food inflation isn’t the only issue that should worry policy makers.
Rising temperatures across the globe also hurt developing nations’ economic growth more than developed countries, according to a new study from the Massachusetts Institute of Technology. For every one-degree centigrade increase in temperature, a poor country can expect economic growth to drop by about 1.3 percentage points. But wealthier nations were found to be far less affected by temperature variations. Read more