Page 2 - Developing Nations News Today

The world could have its first trillionaire within a decade, anti-poverty organization Oxfam International said Monday in its annual assessment of global inequalities timed to the gathering of political and business elites at the Swiss ski resort of Davos. Oxfam, which for years has been trying to highlight the growing disparities between the super-rich and the bulk of the global population during the World Economic Forum's annual meeting, reckons the gap has been "supercharged" ...

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This article is authored by Ananya Raj Kakoti and Gunwant Singh, scholar, international relations, Jawaharlal Nehru University, New Delhi. 

Over the past few years, clean energy has overtaken fossil fuels in terms of global spending, but one place is still falling short: developing economies.

Over the past few years, clean energy has overtaken fossil fuels in terms of global spending, but one place is still falling short: developing economies.

Indias environment minister, Bhupender Yadav, emphasized that India will continue to use coal until its development needs are met. | Latest News India

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An "explosion" of multibillion-dollar claims by fossil fuel and extractive firms through shadowy investment tribunals is blocking action on climate and nature, the UN Special Rapporteur for Human Rights and Environment has warned, with developing nations increasingly targeted."The explosion of ISDS claims in recent years, and the threat of such claims, is led by fossil fuel, mining and other extractive industry corporations," Boyd said in his report.

"The NPF is also going beyond our immediate environment by lighting up Communities with Solar Power to reduce security vulnerability and herder-farmer crisis, conducting outreach programs to educate citizens on the importance of preserving natural resources, reducing pollution, and engaging in sustainable practices, thereby effectively managing scarce natural resource-induced conflicts such as the herder-farmer conflicts."

Economists urged developing nations to borrow in their own currencies to erase the “original sin” of dollar debt. Now the blowback is beginning to mount.