A global expert on infrastructure warns that China’s plan to string massive transportation and energy projects halfway around the Earth is “environmentally the riskiest venture ever undertaken.”
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“It is literally the truth, that sustainable development is the path to happiness,” Professor Jeffrey Sachs, director of the Center for Sustainable Development at Columbia University, told this year’s meeting of the High-level Political Forum on Sustainable Development that opened Monday at UN Headquarters in New York.
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Globally, the consumption of fossil fuels will slow down or decline in the near future as a result of fast-moving technological change and new climate policies, creating a “dangerous carbon bubble,”
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Imagine you live in a society that has opted to live without cars, not for environmental reasons or due to a fuel shortage but simply out of choice.
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Following a meeting with G20 finance ministers and central bank governors on Sunday in Baden Baden, World Bank Group President Jim Yong Kim announced a record US$57 billion in financing for Sub-Saharan African countries over the next three years.
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