Today, Citi, the global banking giant, is announcing its next-gen sustainability strategy that includes an eye-popping number: $100 billion over 10 years for “lending, investing and facilitating” activities focused on mitigating climate and other sustainability solutions.
"We are able to earn just enough to keep alive," says a bitter Shyam Bihari, a marginal farmer in Badaun district of Uttar Pradesh who owns 6 bighas (about one hectare) of land, split into two plots. The land is quite fertile and yields two crops but after paying for water bought from a neighbour's tubewell and other expenses, he isn't left with much. Bihari, who has two sons and a daughter, has to supplement his income by working on other farms along with his wife.
Dressed in Chelsea soccer shorts and a wide-brimmed hat, Than Tun toils away in his paddy fiezld on the outskirts of Yangon, sweat pouring down his sinewy arms.
Grueling work that once helped Myanmar become the world's largest rice exporter is today a Herculean and often lonely job for farmers striving to return the impoverished nation to its former grain prowess.
There is in Vietnam a dense and complex network of hydraulic works comprising man-made canals, dykes and sluices. These were designed (and continue to be) to provide protection against floods, to prevent the intrusion of salinity, and to control irrigation for agriculture and aquaculture in the sprawling delta of the great Mekong.
The $100bn (£67bn) climate finance that rich countries have pledged to give poor nations per year from 2020 could catalyse up to $3tr of much-needed investment in new infrastructure each year, economist Lord Nicholas Stern will argue today. In a new paper, Lord Nicholas Stern, chairman of the Grantham Research Institute on Climate Change and the Environment, will warn governments that that they could "deeply damage" sustainable development efforts if they insist on splitting climate finance from overseas aid.