WWF launches a new framework – Sustainable Financial Regulations and Central Bank Activities (SUSREG) – to support central banks, financial regulators and supervisors in enhancing the financial sector’s stability and resilience to climate-related and broader environmental and social risks, while enabling the mobilisation of capital for the transition to a low-carbon, resilient and sustainable economy.
The Mediterranean tourism, severely impacted by the travel restrictions due to the COVID-19 pandemic, is now at a crossroad. Ambitious, green and inclusive recovery plans are therefore strongly needed to ensure a positive future to the Mediterranean tourism and contribute to a prosperous region.
This expert note provides a review of the pandemic’s impact on the transport sector, a rationale for economic recovery through transport, NDC-related measures captured in economic recovery discussions, and guidance for NDC and recovery alignment.
South Africa’s government and industry have indicated their intention to position the local value chain as a key player in the mobility of the future. Looking ahead, the possibility of developing the domestic LIB value chain should not be overestimated: South Africa displays key pockets of excellence but not all activities in the value chain are likely viable domestically. At the same time, the importance of developing the LIB value chain should not be underestimated.
The World Bank’s 2020 Global Gas Flaring Tracker, a leading global and independent indicator of gas flaring, found that from 2019 to 2020, oil production declined by 8 percent, while gas flaring dropped by 5 percent. While these seven countries have together produced some 40 percent of the world’s oil each year, they have also accounted for roughly two-thirds (65 percent) of global gas flaring. This trend is indicative of ongoing, though differing, challenges facing these countries.