Economists said such reports – by the World Bank and others – were useful but had long been vulnerable to manipulation. They said some governments, especially in emerging market countries who want to demonstrate progress and attract investment, could become obsessed with their position in the reports, which assess everything from ease of paying taxes to legal rights.

World needs to spend another $100 trln on UN fight against global woes – report

Sep 17, 2021

The U.N.’s Sustainable Development Goals set targets on everything from the environment to health and equality and have the support of all member states, yet the supply of finance from governments, investors, banks and companies to help meet them has consistently fallen short.Adding the costs of financing the global transition to a low-carbon economy to limit global warming, and total funding out to 2050 comes in at $200-$220 trillion, the report added. The SDGs are a global “to-do” list addressing such issues as war, hunger, land degradation, gender equality and climate.

Moody’s completes acquisition of RMS

Sep 17, 2021

Karen White, RMS chief executive officer, called Moody’s is an “exceptional fit” for RMS and its customers. “Global risks are now more complex, connected and systemic. Climate change and catastrophic events like extreme weather, pandemics and cyberattacks have broader and more harmful impacts across virtually all industries. We share the vision to bring a global, integrated risk assessment platform to our markets with the goals of deeper, more sophisticated risk insights and greater global resiliency,” White said

U.N. says world likely to miss climate targets despite COVID pause in emissions

Sep 16, 2021

“This year has seen fossil fuel emissions bounce back, greenhouse gas concentrations continuing to rise and severe human-enhanced weather events that have affected health, lives, and livelihoods on every continent,” he said. Concentrations in the atmosphere of the major greenhouse gases – CO2, methane, and nitrous oxide – continued to increase in 2020 and the first half of 2021, the U.N. said.

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