Future of Globalisation provides a platform for debates on current world economic issues, global power shifts and the roles of formal and informal global governance institutions and relevant networks.
In the face of multiple crises, the availability of development finance for developing countries is declining, even as their financing needs to achieve the Sustainable Development Goals are increasing. The Pact for the Future has recently called for eligible countries to channel half of their 2021 allocations of Special Drawing Rights (SDRs) at the International Monetary Fund (IMF) to developing economies, including through multilateral development banks (MDBs). (mehr …)
When the gavel went down in the early hours of Sunday morning in Baku and a decision was reached on the new collective quantified goals (NCQG) on climate finance it caused as much relief as disbelief in the room. The European Union (EU), represented by EU climate commissioner Woepke Hoekstra, praised the decision as “a start of a new era for climate finance”, while the group of least-developed countries stated to be “outraged and deeply hurt by the outcome of COP29“ and referred to “the bulldozed” NCQG as “a glaring symbol of this failure“. Some countries, notably India and Nigeria, openly objected the adopted decision on the NCQG, calling the „document little more than an optical illusion” – prompting loud applause in the plenary. (mehr …)
Image by Dario Ruglioni onPixabay
Artificial Intelligence (AI) has the potential to drive innovation across numerous sectors. Yet, growing energy appetite related to its use raises critical questions about how much it is helping with or rather fanning climate change. A sustainability perspective requires AI to come – over even help – with a transition to renewable energy sources. Understanding this challenge is essential for ensuring that technological advancements do not come at the expense of our planet. (mehr …)
Photo by Keira Burton: https://www.pexels.com/photo/multiracial-positive-male-and-female-students-using-smartphones-in-city-park-6146931/
Digital development has tremendously transformed lives and interactions across the globe during the past decades. The 2023 International Telecommunication Union (ITU) statistic shows, almost four in five (79%) of world’s youth aged between 15 and 24 use the internet, making the youth a generation of digital natives. Overall, more than two-thirds (67%) of the world’s population are internet users. (mehr …)
As the global landscape undergoes rapid transformation, driven by technological advancements, climate change, and shifting economic paradigms, it is imperative that young people are equipped with the necessary skills and competencies to navigate these challenges and seize emerging opportunities. The Hamburg Sustainability Conference (HSC) highlights the importance of preparing younger generations for the future, emphasising sustainability and inclusivity as key pillars of global economic development. This blog post explores the critical steps required to empower youth for the labour market.