Upcoming Financial Crisis

By Felix Dodds, Adjunct Professor in Environmental Sciences and Engineering and Senior Fellow, Global Research Institute, University of North Carolina and Eela Dubey Finance consultant  In October there was a very interesting briefing by UNCTAD of its report on Debt Vulnerabilities in Developing Countries: “A New Debt Trap? and its Trade and Development report.” It was the first of these reports that interested me most due to its coverage on the alarming trends in debt and extent of the debt crisis.
As the report points out, the global economy has been fueled by debt. The world's total gross debt to GDP ratio is at 223 percent, with advanced economies holding the largest share of debt stocks.  A debt stock simply refers to the total value of the debt that a nation owes to all lenders. According to the Report, at the onset of the global financial crisis in 2008, global debt stocks surpassed their historical record level at $142 trillion. Now, with global debt at roughly $240 trillio…

New book out Remembering Maurice F. Strong: Tributes and Reminiscences

Edited by former UNESCO Director-General Federico Mayor, Negoslave Ostojic and Roberto Savio, Belgrade, and published by the European Center for Peace and Development it is available as a free download here. 
Contributors include;
- Gro Harlem Brundtland
- Nitin Desai
- Elizabeth Dowdeswell
- Las-Goran Engfeldt
- Peter Hass
- Nay Htun
- Enrique Iglesias
- Ashok Khosla
- Tommy Koh
- Geoffrey Lipman
- Thomas Lovejoy
-Julia Marton-Lefevre
- Rajendra Pachauri
 -Shridath Ramphal
- Klaus Schwab
- Mirian Vilela
- James Wolfensohn

My contribution to the book - The Father of Sustainable Development 

The Maurice Strong story is an amazing one.
As I was very focused in the 1980s on UK domestic politics my first awareness of Maurice was not until the preparations for the Rio Earth Summit. By then I was at the United Nations Association – UK organizing town hall conferences in preparation for the Summit and an Earth Summit Rally. To supplement this, we had asked Maurice to write an article for the…

Guest blog: Multi-stakeholder partnerships: why they matter and how to get them right

Susanne Salz wrote this article in her private capacity. The article does not necessarily reflect the views of Partnerships2030 or GIZ. Susanne and the whole Partnerships2030 team is happy to advise and discuss on all issues around multi-stakeholder partnerships for the 2030 Agenda, as well as providing links to (resources by) experienced practitioners and experts.
If humanity is to implement the 2030 Agenda and reach the Sustainable Development Goals (SDGs), many stakeholders have to take action. It is widely agreed that national governments as well as businesses and civil society organizations (CSOs) are important actors in making the necessary transformative change happen. That creates a large, heterogeneous group with great potential for impact based on diverse resources, skills and experiences. Yet there is little attention, clarity or consensus on the roles of the different stakeholders or about how they can best work together. What can different stakeholders contribute to the SD…

Interview on Advocating for a Blue Economy Investment Facility

Originally published in Inter Press Service News here.Terry Waghorn of Katerva interviewed Felix Dodds and Chris Tomkins on the Blue Economy. ROTTERDAM, The Netherlands, Nov 21 2018 (IPS) - I recently connected with Felix Dodds and a colleague of his Chris Tomkins - a Blue Economy Consultant about the development around how the Blue Economy prior to the Kenya Government’s international conference (26-28 November) on the subject. Felix is a global sustainable development leader who has worked on sustainable development for more than two decades observing and participating in international development meetings, including the negotiations on the Global Goals for Sustainable Development, which the Blue Economy is part of and asked for his take on why and how the business and finance community should get behind them. Terry Waghorn:We are now three years into implementing the Sustainable Development Goals one of which deals with the Oceans. For many people the term the Blue Economy is new. Wh…

UNEP Executive Director Resigns and why - who could take his place?

The Background
As those who read this blog know I have been very critical of the way that Erik Solheim has led the United Nations Environment Programme from the moment I interviewed him after his selection.

I don't intend to go over those arguments again but you can read them in these blogs by me and others:
Interview with Erik Solheim the new Executive Director UNEP (July 1st 2016)
UNEP and the private sector: a complicated relationship?  (May 18, 2018)Guest Blog: UNEP and the Private Sector part 2 - an IPEN Letter to SAICM Secretariat Expressing Concern about the Joint Int'l. Council of Chemical Assoc. – UNEP Study (May 23rd)Time for the UN Global Compact to Evolve into the UN Due Diligence Mechanism? A Real Chance with the 2018 Partnership Resolution (November 1st 2018)Statement by Erik  Solheim On Saturday, I received the final report on the audit of official travel undertaken by the UN’s Office of Internal Oversight Services. As I have maintained throughout this process – I…