Of Interest/ESG News
you are currently viewing::OECD urges strengthened co-operation to sustain trillion-dollar ocean economyMarch 31, 2025—While the ocean economy doubled in real terms, from USD 1.3 trillion in 1995 to USD 2.6 trillion in 2020, co-ordinated policy action is essential to safeguard its long-term prosperity and sustainability, a new OECD report finds. The OECD Ocean Economy to 2050 identifies key priorities for policymakers to secure a resilient and sustainable future ocean economy, balancing economic opportunity with environmental responsibility. Over the past 25 years, the ocean economy- driven by offshore oil and gas, marine and coastal tourism, marine fishing and aquaculture, maritime transport and port activities-contributed between 3% and 4% of global gross value added and grew steadily with no substantial contractions. But various forces - including climate change, demographic shifts, trade disruptions, and insufficient investments in productivity and green energy - could slow or even reverse growth. In a future scenario where investment in productivity is not forthcoming and the energy transition stalls, global ocean economic activity could decline by around 20% below 2020 levels by mid-century. In contrast, an accelerated shift to cleaner energy combined with technological innovation could support continued ocean economy growth, albeit more modestly than past performance. Source: OECD |
State of the Global Climate 2024
April 15, 2025-Key messages
Key climate change indicators again reach record levels
Long-term warming (averaged over decades) remains below 1.5℃
Sea-level rise and ocean warming irreversible for hundreds of years
Africa: Fast Fashion Fuelling Global Waste Crisis, UN Chief Warns
March 30, 2025-Fast fashion is accelerating an environmental catastrophe, with the equivalent of one garbage truck's worth of clothing either incinerated or sent to landfill every second, the UN chief warned on Thursday.
Speaking at an event commemorating Sunday's International Day of Zero Waste, Secretary-General António Guterres called for urgent action to curb the textile industry's devastating impact on the planet.
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How DeepSeek has changed artificial intelligence and what it means for Europe
March 20, 2025--By mid-2024, artificial intelligence large language models (LLMs) were running into diminishing returns to scale in training data and computational capacity. LLM training began to shift away from costly pre-training to cheaper fine-tuning and allowing LLMs to 'reason' for longer before replying to questions.
IMF-Driving Change: Women-Led Economics
March 10, 2025-Summary
The developing world's vibrant research in the face of limited resources offers valuable global insights
For too long, Western institutions have shaped empirical research and policy recommendations. Authors based in developing economies have a far too small footprint in top economics journals.
