News

By Rachid Bouhia, UNCTAD Economist

By Paul Akiwumi, Director for Africa and Least Developed Countries, UNCTAD

By David Vivas-Eugui, Legal Officer, and Henrique Pacini, Economist, UNCTAD

Young climate activists joined world leaders, negotiators and senior figures to demand immediate action to limit planetary warming to 1.5 Celsius and secure their future.

By Rebeca Grynspan, UNCTAD Secretary-General

Estimates indicate that annual climate adaptation costs in developing countries could reach $300 billion in 2030 and, if mitigation targets are breached, as much as $500 billion by 2050.

Developing countries are already suffering relative economic losses three times greater than high-income countries due to climate-related disasters.

A team of young Italian activists led by Daniele Guadagnolo have positioned themselves as advocates of sustainability, determined to meet the climate crisis at humanity’s doorstep.

Facilitating market access, finance and technology transfer of ocean-based goods and services will help countries recover faster from the COVID-19 pandemic.

For developing countries in particular, initiatives to promote new investments in industry can complement COVID-19 recovery efforts and produce structural changes.