After 2020 and the outbreak of the pandemic, 2021 seemed a promising year, thanks not only to economic recovery but also to a (partial) “revival” of multilateralism. This year Russia’s invasion of Ukraine sounded like a “wake-up call” triggering geopolitical and economic turmoil on the global scale and casting doubts on the prospects for multilateral cooperation.
Risultati della ricerca:
This year’s 17th annual G20 Leader’s Summit will take place the theme of “Recover Together, Recover Stronger”. Specifically, leaders will touch on the key issues of global health architecture, digital transformation, and sustainable energy transition. The talks will take place in a world disrupted by COVID-19, Russia’s illegal invasion of Ukraine, food and fuel price spikes and gathering economic storm clouds.
The world is in the historic moment of multiple crises. As countries continue to handle the fallout of the pandemic, the ongoing Russia-Ukraine war has added more uncertainties, both economically and geopolitically. Meanwhile, in an effort to curb severe inflation, central banks worldwide have embarked on un precedented monetary tightening, hoping not to endanger growth.
The breakout of the global Covid-19 pandemic in 2020 and the Russian invasion of Ukraine in February 2022 eroded the world’s ability to achieve any Sustainable Development Goals by 2030. According to the latest UN SDG report 2022, Covid-19 erased more than four years of progress against poverty, while the impact of the war in Ukraine led to an increase in the number of people currently living in extreme poverty. One in three people lack regular access to food.
The Middle East and North Africa (MENA) region is one of the world’s most vulnerable to the impacts of climate change. Over the past three decades, temperatures in the region have risen by 1.5°C, twice the global increase of 0.7°C, and climate models estimate a continuous rise in temperature over the region towards the end of the century.
The climate has drastically changed. Not only the effects of climate change, such as extreme weather events, accelerated sea level rise and more intense heatwaves, are raging all around the world at a faster pace than previously expected, but the climate that reigns at the level of international relations is dramatically worsening as well.
Europe and Africa are struggling to find common ground in the run-up to COP27 in Sharm-el-Sheikh, Egypt, at a time when climate change continues to wreak havoc on people’s lives throughout Africa.
Brazil is heading into a polarized and potentially explosive presidential election October 2nd and – if it is necessary – a second round October 30th. The contest pits two polar opposites on the political spectrum: incumbent populist president Jair Bolsonaro and former president Luiz Inàcio Lula da Silva (Lula).
The MED This Week newsletter provides expert analysis and informed comments on the MENA region's most significant issues and trends. Today we explore the potential emerging levels of energy interaction between European markets in search for non-Russian resources and countries of the Southern neighbourhood.