UNCTAD’s Least Developed Countries Report 2024 highlighted on Monday that the group of 45 least developed countries (LDCs) could use carbon market projects to enhance climate action by offsetting the buyers’ emissions at improved rates which will allow more investment. LDCs were among the first to join carbon markets – where carbon credits are bought and sold … Read more
The Forum is convened biennially by the UN Human Settlements Programme, known as UN-Habitat. This year marks the first time the gathering is being held in a megacity – Cairo’s population of over 20 million makes it one of the largest urban areas on the planet – an ideal backdrop for discussions on making cities … Read more
International financiers have pulled support for a revolutionary paytech system being rolled out in the Middle East after it became embroiled in Russian plans to evade sanctions intended to snuff foreign trade flows supporting its invasion of Ukraine. The Bank for International Settlements, a global association of central banks, said on 31 August that it … Read more
What is the World Urban Forum? The World Urban Forum (WUF), a major UN conference on sustainable urban development, was set up in 2001 to address global urbanisation, one of the most pressing issues facing the world today. Since then, a forum has been held every two years and this year, the conference takes place … Read more
The Bank of England is launching a consortium where private sector finance organisations and artificial intelligence (AI) experts can provide knowledge on the technology’s benefits to the sector and manage risk. During an international financial conference in Hong Kong, Sarah Breeden, deputy governor of financial stability at the Bank of England, said regulation must … Read more