Carlos Razo
@CRazoUNSenior Coordinator, Technical Team, 🇺🇳 UN Global Crisis Response Group @UNCTAD. Tweets & retweets are personal.
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▶️Powering trade: Why renewable energy needs a push from positive policies. The #WeeklyTradecast dives into why trade, aid & investment policies need a rethink with insights from @IRENA's Francesco La Camera (@flacamera) & @UN's Carlos Razo (@CRazoUN). 🎙️ow.ly/Js2150UlJQg
Better trade policies can help decouple economic prosperity & energy access from CO2 emissions, enabling sustainable growth while cutting emissions. Learn more: ow.ly/m3nQ50U6f9b Join us at #COP29 ▶️unctad.org/unctad-at-cop29
Good to read with @UNCTAD report today on green trade: “Developing countries are slipping into traditional trade patterns, acting as net exporters of raw materials for solar and wind energy value chains, but net importers of manufactured goods” ow.ly/buF450TNq9r
Renewable energy is growing faster in the global south than in rich countries, RMI finds, in spite of -Global south still facing a higher cost of capital -Development banks’ failed efforts to de-risk trillions of $ in private investment to emerging markets on.ft.com/3NtoTlW
3.3 billion people live in countries that spend more on interest payments than on education or health. Developing countries must not be forced to choose between servicing their debt or serving their people. The @UN has a roadmap to address this burden: unctad.org/world-of-debt
Aid to small islands falls even as temperatures rise. Exposed to sea level rise and extreme weather events, these islands are in dire need of the right financial support to survive climate change. Explore the data & analysis: ow.ly/yZNF50RYsEW #SIDS4
📢Global Carbon Budget 2023📢 Despite record growth in clean energy, global fossil CO2 emissions are expected to grow 1.1% [0-2.1%] in 2023. Strong policies are needed to ensure fossil fuels decline as clean energy grows! essd.copernicus.org/articles/15/53… 1/
Gran descalabro de la educación a nivel global, por la pandemia, y menor caída de España de lo esperado, aunque severa. Pero hay más cosas. Va hilo sobre #PISA2022.
Countries are facing impossible choices. Let’s not forget that in #ClimateAction. ➡️unctad.org/world-of-debt #COP28 @UN
This year’s economic sciences laureate Claudia Goldin showed that female participation in the labour market did not have an upward trend over a 200 year period, but instead forms a U-shaped curve. The participation of married women decreased with the transition from an agrarian…
No spoilers, but this is the cleverest football advert I've ever seen.
When developing countries borrow money, they have to pay much higher interest rates compared to developed countries. This makes it difficult for them to fund important investments, which undermines debt sustainability & sustainable development. ➡️ unctad.org/world-of-debt
Almost 40% of the developing world is in serious debt trouble. It’s one result of the inequality built into our outdated global financial system. Our report on this unfolding debt crisis offers a roadmap to global financial stability. linkedin.com/pulse/debt-cri…
In 2022, global public debt – comprising general government domestic & external debt – reached a record USD 92 trillion. Developing countries owe almost 30% of the total, of which roughly 70% is attributable to China🇨🇳, India🇮🇳 & Brazil🇧🇷. Full report. ➡️unctad.org/world-of-debt
3.3 billion people live in countries that spend more on debt interest payments than on education or health. This is more than a systemic risk – it’s a systemic failure. Action will not be easy. But it is essential, and urgent.
The new “A World of Debt” dashboard is a dynamic and comprehensive tool that offers a country-level overview of key public debt and development spending indicators spanning the past decade. unctad.org/world-of-debt/… @UNCTAD
3.3 billion people live in countries that spend more on interest payments than on education or health. A world of debt disrupts prosperity for people & the planet. The @UN has a road map of multilateral actions to address the global debt burden. ➡️unctad.org/world-of-debt
Although grain exports from Ukraine to developing countries picked up in the second half of 2022, they remained below pre-crisis levels overall. Export gaps for corn, wheat and barley were 41%, 65% and 82% respectively of 2021's level. ▶️unctad.org/a-trade-hope-2
The Black Sea Grain Initiative has strengthened global food security, especially for the most vulnerable: ✅24+ million metric tonnes of grain exported ✅Developing countries received largest share of exports More from @UNCTAD: unctad.org/a-trade-hope-2
The war in Ukraine disrupted global food & fertilizer markets, putting the world at risk of a global food crisis. The Black Sea Grain Initiative has benefited developing countries the most & supported food security among the most vulnerable. See how➡unctad.org/a-trade-hope-2
What is the potential effect of high prices of wheat & concurrent currency devaluations on the import bills of developing countries? Check in this report some examples & why net food-importing developing countries are now facing a double burden.▶️unctad.org/a-double-burden
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