BEGIN:VCALENDAR VERSION:2.0 PRODID:unctad.org BEGIN:VEVENT UID:6ae59771e61b0 DTSTART:20241209T080000Z SEQUENCE:0 TRANSP:OPAQUE DTEND:20241209T170000Z LOCATION:Geneva\, Switzerland SUMMARY:Global Commodities Forum 2024 CLASS:PUBLIC DESCRIPTION:Commodities amid the climate emergency: Sustainable trade and v alue additionThe intensifying climate crisis is upending global commodity value chains\, disrupting production\, destabilizing supplies and driving price volatility\, with developing nations bearing the brunt.Cocoa prices surged 148% from $2.24 to $5.56 per kilogram between July 2022 and Februar y 2024\, driven by climate-induced crop diseases in West Africa.Water scar city\, worsened by climate change\, threatens mineral production\, driving up costs and intensifying competition for limited resources\, with severe impacts on communities and ecosystems in mineral-rich countries.The globa l shift to renewables poses challenges for fossil-fuel-dependent countries . To limit global heating to 2°C\, up to a third of oil\, half of natural gas and 80% of coal reserves may become stranded assets\, shrinking reven ues.About 95% of the 20 most climate-vulnerable countries are commodity-de pendent developing nations.Opportunities for transformationThe Global Comm odities Forum 2024\, organized by UN Trade and Development (UNCTAD) with i ts partners\, explored solutions to reshape commodity trade and value addi tion\, with a focus on developing countries.Critical minerals demand: The need for energy transition minerals like lithium is expected to triple by 2030 and quadruple by 2040\, providing resource-rich nations with pathways to prosperity and sustainable development.Sustainable agriculture: Practi ces aligning economic growth with environmental goals are gaining momentum . This shift is vital\, as small-scale farming caused 68% of global defore station between 2000 and 2018.Natural fiber innovation: Abundant resources like cotton\, bamboo and hemp in developing countries offer sustainable a lternatives to synthetic plastics. Exports of non-plastic substitutes\, va lued at $831 billion in 2022\, are growing 30% faster than plastics as mar kets prioritize sustainability.Session topicsThe forum’s four sessions f ocused on:Adapting to the energy transition in fossil fuel-dependent devel oping countriesPromoting natural fibers in the climate action agendaFoster ing sustainable trade in agricultural commodities: The role of standards a nd traceabilityHarnessing benefits from critical energy transition mineral sParticipationThe Global Commodities Forum is an annual multi-stakeholder conference\, open to all UN Trade and Development member States. Participa nts included representatives from national governments\, international com modity bodies and the private sector\, as well as policymakers and experts \, from all regions of the world. https://unctad.org/meeting/session-4-ha rnessing-benefits-critical-energy-transition-minerals\n\nView meeting on u nctad.org\nhttps://unctad.org/meeting/global-commodities-forum-2024 DTSTAMP:20261031T072329Z END:VEVENT BEGIN:VEVENT UID:6ae59771e61e9 DTSTART:20241210T080000Z SEQUENCE:0 TRANSP:OPAQUE DTEND:20241210T170000Z LOCATION:Geneva\, Switzerland SUMMARY:Global Commodities Forum 2024 CLASS:PUBLIC DESCRIPTION:Commodities amid the climate emergency: Sustainable trade and v alue additionThe intensifying climate crisis is upending global commodity value chains\, disrupting production\, destabilizing supplies and driving price volatility\, with developing nations bearing the brunt.Cocoa prices surged 148% from $2.24 to $5.56 per kilogram between July 2022 and Februar y 2024\, driven by climate-induced crop diseases in West Africa.Water scar city\, worsened by climate change\, threatens mineral production\, driving up costs and intensifying competition for limited resources\, with severe impacts on communities and ecosystems in mineral-rich countries.The globa l shift to renewables poses challenges for fossil-fuel-dependent countries . To limit global heating to 2°C\, up to a third of oil\, half of natural gas and 80% of coal reserves may become stranded assets\, shrinking reven ues.About 95% of the 20 most climate-vulnerable countries are commodity-de pendent developing nations.Opportunities for transformationThe Global Comm odities Forum 2024\, organized by UN Trade and Development (UNCTAD) with i ts partners\, explored solutions to reshape commodity trade and value addi tion\, with a focus on developing countries.Critical minerals demand: The need for energy transition minerals like lithium is expected to triple by 2030 and quadruple by 2040\, providing resource-rich nations with pathways to prosperity and sustainable development.Sustainable agriculture: Practi ces aligning economic growth with environmental goals are gaining momentum . This shift is vital\, as small-scale farming caused 68% of global defore station between 2000 and 2018.Natural fiber innovation: Abundant resources like cotton\, bamboo and hemp in developing countries offer sustainable a lternatives to synthetic plastics. Exports of non-plastic substitutes\, va lued at $831 billion in 2022\, are growing 30% faster than plastics as mar kets prioritize sustainability.Session topicsThe forum’s four sessions f ocused on:Adapting to the energy transition in fossil fuel-dependent devel oping countriesPromoting natural fibers in the climate action agendaFoster ing sustainable trade in agricultural commodities: The role of standards a nd traceabilityHarnessing benefits from critical energy transition mineral sParticipationThe Global Commodities Forum is an annual multi-stakeholder conference\, open to all UN Trade and Development member States. Participa nts included representatives from national governments\, international com modity bodies and the private sector\, as well as policymakers and experts \, from all regions of the world. https://unctad.org/meeting/session-4-ha rnessing-benefits-critical-energy-transition-minerals\n\nView meeting on u nctad.org\nhttps://unctad.org/meeting/global-commodities-forum-2024 DTSTAMP:20261031T072329Z END:VEVENT END:VCALENDAR