Elcano and ETTG have published the report on the rise of public development banks in the European financial architecture for development which shows how PDBs are critical in promoting resilience to shocks (financial, economic, pandemic, climate, etc.), stabilise the economy and foster a more rapid long-lasting recovery. The report also stresses the importance of medium- and long-term finance for development that can help building markets and promoting economic transformation in a sustainable, green, inclusive and gender-sensitive manner.
2022 is set to be dominated by three global tasks: (a) the fight against the COVID-19 pandemic, (b) the climate-stabilising redesign of our economic and social systems, and (c) the negotiation of a multi-polar and rule-based world order.
Geopolitics has an important role to play in securing the health of both people and planet. Indeed, businesses cannot be asked to govern the planet’s health if some of the most polluting countries in the world are not on board. Successful governance of planetary health depends on geopolitics and cross border implementation. It also demands that special attention be paid to the interlinkages between businesses, environmental justice and inequalities. All of these are crucial to advance the universal right to a safe, clean, healthy and sustainable environment.
Africa is a missing piece of the ‘Global Britain’ jigsaw, one that needs to be put in place. And it is a continent where Britain needs to work not only with African countries but with European ones too. This requires a more positive relationship with both.
EU Pavilion side event 02/11/2021 @ 14:30-15:30 “Supporting green & climate resilient development: local to global insights on the
The covid-19 pandemic has generated severe health, economic and debt crises for the least developed countries (LDCs). On the one hand, they cannot mobilise sufficient financial resources on their own to cope with the effects of the pandemic because their public revenues are too low and external finance is not always available. On the other hand, many LDCs have been highly indebted, even prior to the crisis.
Five years after the Paris Climate Agreement entered into force and one year after the COVID-enforced hiatus, the 26th Conference of the Parties to the UN Framework Convention on Climate Change (“COP26”) will convene in the Scottish city of Glasgow on 31 October. At long last! Amongst its most important tasks will be advancing the implementation of the Paris Agreement by resolving the remaining issues surrounding its rules for implementation.
The COVID-19 crisis has created a dire need for the active facilitation of sustainable investment to promote an inclusive, gender-sensitive and green recovery. The partnership between the European Union (EU) and the African Union (AU), and their respective member states, can provide a strategic and institutional framework for stimulating sustainable investment in a collective manner.
A series of high-profile events has added up to making 2021 a crucial year to tackle the global sustainable development agenda and present a unique opportunity to drive a virtuous circle of political commitment, regulation, and financial flows towards sustainable recovery in developing countries, which is a key issue of this year’s G20 cycle. Bringing the voice of developing countries in the global multilateral agenda is not easy to tackle due to different and often competing political priorities. This blog draws lessons from the Italian G20 Presidency to inform the development policy considerations and efforts of the upcoming Indonesian, Indian and Brazilian G20 Presidencies. These Presidencies have a great potential to prioritize sustainable recovery in the Global South in their own, as well as in cooperation with the G7 and EU Presidencies when appropriate.
Europe and Africa should make joint efforts to invest in projects that would support digital sovereignty on both continents, including joint industrial projects – in the area of ethical AI and open-source technologies for instance. This would respond to some of the gaps in terms of local digital industries on both continents as well as to local needs, and would demonstrate that the EU-AU digital partnership is not simply about trying to export European technologies or about aid, but about reinforcing a free and open internet.
The present study is the product of the European Think Tanks Group (ETTG) collaboration aiming both to propose a definition of SDG alignment and to provide concrete principles to further operationalise and promote such alignment in practice.