Eco-Business

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Universal basic income critical to survive AI boom, says film director Erik Gandini.

As Pakistan's cost-of-living crisis deepens, some poor families leave cities to eke out cheaper existences in village homes.

Ahead of the World Bank's annual meeting, a think tank finds that Sri Lanka, Pakistan, Mongolia, Vietnam and Laos have issued the most in sovereign debt to date in the region.

After agreeing in 2009 to phase out dirty energy subsidies, G20 nations pumped US$1.4 trillion into supporting fossil fuel use in 2022 – money that should be redeployed to support a shift into renewables, analysts say.

By Ng Wai Mun

By Josh Gabbatiss

Thomson Reuters Foundation

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Given the escalating climate crisis, multilateral lenders must urgently adopt an approach to development aid that emphasises prevention. By incorporating structural vulnerabilities into their allocation formulas, the World Bank and others can strengthen poor countries' resilience and increase fairness, efficiency, and transparency. By Abdoul Salam Bello, Patrick Guillaumont and Arnaud Buissé

In today’s fragmented world, the Loss and Damage Fund could easily be derailed. But it is in our common interest to assist the most climate-vulnerable countries with recovery and reconstruction. By Monique Barbut and Robert Filipp

Many campaigners on international financial institutions know from monitoring the multilateral lender's operations that it lacks a "climate culture", as it imposes loans and conditionalities to Global South countries. By Dorothy Grace Guerrero

While the International Monetary Fund has made great strides on climate change in a short time, emerging markets and developing economies need resources to invest in resilience more urgently than ever. There are four ways the IMF can help them shift to a low-carbon pathway and finance adaptation measures before it’s too late. By Rishikesh Ram Bhandary, Irene Monasterolo and Rakesh Mohan

By Simon Zadek and Jayati Ghosh

By Daniel Titelman, Sara Jane Ahmed and Alicia Barcena Ibarra

By Gernot Wagner and Tom Brookes

By Claire Healy and Daniela Schulman

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The Bangko Sentral ng Pilipinas assistant governor tells the Eco-Business Podcast about the regulator’s maiden sustainability report that features an empirical study of climate impacts on banks as well as the nation’s first taxonomy.

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