©Reuters/Atef Hassan

Water is a growing challenge for all countries, and a fresh, more coherent approach to tackling it is now needed.

Click to enlarge. By Stik, especially for the OECD Observer

While bemoaning the global impact of rich countries’ subsidies on poorer economies, environmentalists are taking a closer look at how the elimination of some subsidies may be detrimental to the environment.

The recent world summit on sustainable development was either a success or a disappointment, depending on whom you ask.For a clear assessment of the summit’s achievements, it should be measured against what is in fact needed to achieve sustainable development and what was feasible in the current political climate.

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More than a billion people world-wide live in extreme poverty and preventable diseases are a major cause of mortality in developing countries, so why should we care about the environment? The answer becomes obvious once we recall that in developing countries activities based on natural resources, such as agriculture, forestry and fisheries, still contribute more to the economy than industry or services. And since many of the world’s poor depend directly on these activities for a living, environmental degradation hurts the poor disproportionately.

Economic data

GDP growth: -9.8% Q2/Q1 2020 2020
Consumer price inflation: 1.3% Sep 2020 annual
Trade (G20): -17.7% exp, -16.7% imp, Q2/Q1 2020
Unemployment: 7.3% Sep 2020
Last update: 10 Nov 2020

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