IMF Video: COP29 Event – Measuring Climate Risks for Smarter Adaptation and Mitigation Solutions

Play Video: COP29 Event – Measuring Climate Risks for Smarter Adaptation and Mitigation Solutions

As extreme weather events like floods, droughts, wildfires, and heatwaves become more frequent and severe and as transition risks associated with shifting to a low-carbon economy increase, it is crucial to understand their impact on people, infrastructure, financial markets, and economies. To create effective climate policies, we need timely and thorough risk assessments that look ahead. This joint session with the World Bank will focus on global efforts to build an internationally accepted framework for measuring both physical and transition risks of climate change. Panelists will discuss how these risk indicators can help assess countries' vulnerabilities and guide the development of stronger, more resilient policies and adaptation strategies. Panelists Shahin Mahmuzade Executive Director Central Bank, Azerbaijian Jadwiga Massinga National Director of Climate Change Ministry of Land and Environment, Mozambique Stephane Hallegatte Senior Climate Change Adviser, World Bank Alessandra Alfieri Assistant Director of Statistics Department, IMF Moderator: Professor Matthew Agarwala, Bennett Chair in Sustainable Finance at the Bennett Institute for Innovation and Policy Acceleration, University of Sussex Business School

Published: 16th Nov 2024 07:04:08   By: IMF

IMF Video: 2024 Mundell-Fleming Lecture: Do Cash Transfers Stimulate the Macroeconomy?

Play Video: 2024 Mundell-Fleming Lecture: Do Cash Transfers Stimulate the Macroeconomy?

Join us as Stanford University's Valerie Ramey delivers the 2024 Mundell-Fleming Lecture: 'Do Cash Transfers Stimulate the Macroeconomy?' at the Annual Research Conference. November 15 at 1:30 PM ET. https://www.imf.org/en/News/Seminars/Conferences/2024/11/14/2024-jacques-polak-annual-research-conference

Published: 16th Nov 2024 08:34:28   By: IMF

IMF Video: Regional Economic Outlook for Europe | November 2024

Play Video: Regional Economic Outlook for Europe | November 2024

Europe’s economy is falling short of its full potential. Find out how Europe can shift its economies into a higher gear to bring growth back on track. Find out more in our Regional Economic Outlook report here: https://www.imf.org/en/Publications/REO/EU/Issues/2024/10/24/regional-economic-outlook-Europe-october-2024?cid=wp-com-AM2024-REOEUREA2024002

Published: 15th Nov 2024 07:55:41   By: IMF

IMF Video: COP29 Event – The Pioneering Role of IMF’s Resilience and Sustainability Trust in Climate Action

Play Video: COP29 Event – The Pioneering Role of IMF’s Resilience and Sustainability Trust in Climate Action

The IMF’s Resilience and Sustainability Trust was established in 2022 to help low-income and vulnerable middle-income member countries build resilience to external shocks. Its lending facility, the Resilience and Sustainability Facility (RSF), provides countries affordable longer-term financing to address enduring structural challenges, including from climate change and pandemics. To date, the Fund has approved 20 arrangements with total commitments of more than $9.5 billion. While most arrangements are still less than a year old, an early assessment of the RSF indicates a positive impact on the progression of reforms. In this event, panelists will discuss how specific countries benefited from the RSF and the lessons learned in the process, and will talk in more detail about policy reforms on climate adaptation and mitigation that are already bearing fruit. Panelists Bo Li Deputy Managing Director, IMF Franz Tattenbach Minister of Environment and Energy of Costa Rica Samba Thiam Ambassador and High-Level Coordinator for Mauritania’s RST Program Moderator: Simon Jessop, Reuters

Published: 15th Nov 2024 07:32:16   By: IMF

IMF Video: COP29 Event – Bridging the Adaptation Financing Gap: Challenges and Potential Solutions

Play Video: COP29 Event – Bridging the Adaptation Financing Gap: Challenges and Potential Solutions

Managing the impact of climate change demands significant investment in climate resilience, especially in emerging markets and developing economies (EMDEs), which are disproportionately affected despite contributing the least to the problem. It is estimated that adaptation finance flows to these countries will need to significantly increase at a time when they already face the challenge of mobilizing funds for their development needs. Despite increasing awareness of the urgent need for adaptation action, financial resources to implement remain inadequate. In this session, the panelists will discuss how to enhance partnerships and cooperation to scale up adaptation financing for EMDEs and explore the role various stakeholders—including public institutions, private sector, and civil society—in attracting private capital for adaptation investments. Panelists Bo Li Deputy Managing Director, IMF Rania Al Mashat Minister of Planning, Egypt’s Ministry of Planning, Economic Development and International Cooperation Tracy Kajumba Director of the Least Developed Countries Initiative for Effective Adaptation and Resilience (LIFE-AR) at the International Institute for Environment and Development Andrew Steer President and CEO, Bezos Earth Fund Moderator: Anca Gurzu, Chief Europe Correspondent, Cipher News

Published: 15th Nov 2024 07:25:51   By: IMF

World Economic Forum Video: AI Robot Zaps Weeds & Iceland's 4-Day Work Week | WEF | Top Stories of the Week

Play Video: AI Robot Zaps Weeds & Iceland's 4-Day Work Week | WEF | Top Stories of the Week

This week's top stories of the week include: 0:15 AI robot zaps weeds while saving crops – It’s called Concentrated Light Autonomous Weeding and Scouting or CLAWS for short. CLAWS uses AI-powered image processing to identify the crops, then targets weeds around the crop with blasts of concentrated light. This gets rid of unwanted intruders without damaging either crops or soil. 1:52 5 ways bioeconomy affects daily living – The bioeconomy uses renewable resources from land or sea to produce food, energy, and other resources. It focuses on leveraging nature's processes and products to create sustainable economic outputs. The bioeconomy is already a part of our daily lives, influencing various sectors and industries. 6:08 Iceland sees benefit of a 4-day work week – The Nordic nation of 380,000 is rolling out a new way of working. Between 2020 and 2022, 51% of Iceland’s workers accepted an offer of shorter hours, such as a 4-day week for no loss of pay. The shift has had a positive impact on work-life balance and personal stress, new research shows. 8:17 Restored Amazon ecosystems beat logging – Amazon Sacred Headwaters Alliance is fighting to safeguard 35 million hectares of rainforest through a collaboration between 30 Indigenous nations of the Amazon basin. There’s an economic case for protecting the Amazon, says Atossa Soltani, Director of Global Strategy, Amazon Sacred Headwaters Alliance. _____________________________________________ The World Economic Forum is the International Organization for Public-Private Cooperation. The Forum engages the foremost political, business, cultural and other leaders of society to shape global, regional and industry agendas. We believe that progress happens by bringing together people from all walks of life who have the drive and the influence to make positive change. World Economic Forum Website ► http://www.weforum.org/ Facebook ► https://www.facebook.com/worldeconomicforum/ YouTube ► https://www.youtube.com/wef Instagram ► https://www.instagram.com/worldeconomicforum/  Twitter ► https://twitter.com/wef LinkedIn ► https://www.linkedin.com/company/world-economic-forum TikTok ► https://www.tiktok.com/@worldeconomicforum Flipboard ► https://flipboard.com/@WEF #WorldEconomicForum

Published: 16th Nov 2024 01:01:09   By: World Economic Forum

World Economic Forum Video: CEO Climate Alliance Letter | Rich Lesser

Play Video: CEO Climate Alliance Letter | Rich Lesser

'We're not on track for 1.5 degrees. We're not on track for 2 degrees. We're on track for 2.5-3 degree increases.' @BCG Global Chair @RichLesser on how #innovation could be one of the levers to help us stay ahead of escalating climate change. In an open letter ahead of COP29, the Alliance of CEO Climate Leaders called for urgent action to combat climate change. Highlighting the critical role of collaborative leadership from business and government, the world's largest CEO-led climate community is advocating for ambitious policies and actions to spur investment, improve the business case for climate action and accelerate emissions reductions. Read the full letter: wef.ch/COP29OpenLetter24 The World Economic Forum is the International Organization for Public-Private Cooperation. The Forum engages the foremost political, business, cultural and other leaders of society to shape global, regional and industry agendas. We believe that progress happens by bringing together people from all walks of life who have the drive and the influence to make positive change. World Economic Forum Website ► http://www.weforum.org/ Facebook ► https://www.facebook.com/worldeconomicforum/ YouTube ► https://www.youtube.com/wef Instagram ► https://www.instagram.com/worldeconomicforum/  Twitter ► https://twitter.com/wef LinkedIn ► https://www.linkedin.com/company/world-economic-forum TikTok ► https://www.tiktok.com/@worldeconomicforum Flipboard ► https://flipboard.com/@WEF #WorldEconomicForum

Published: 14th Nov 2024 11:34:18   By: World Economic Forum

World Economic Forum Video: Finfluencer Advice Revolution & Start-Up Grows Veg in Supermarkets | WEF | Top Stories of the Week

Play Video: Finfluencer Advice Revolution & Start-Up Grows Veg in Supermarkets | WEF | Top Stories of the Week

This week's top stories of the week include: 0:15 Finfluencer financial advice revolution – A finfluencer is a content creator on social media who shares information on budgeting, saving and financial investments, among other topics. Finfluencers use blogs, podcasts or videos to get their message out. They help widen financial access to groups who didn’t have it before. 3:49 These vegetables grow in-store without soil – Instead of soil, they use plugs of rockwool, irrigated with nutrient-rich water in a method called hydroponics. They come in different sizes producing from 2,000 to 15,000 plants monthly. These farms have a tiny environmental footprint. The largest models can grow as much as a 3-hectare farm. 5:44 Telehealth platform empowers millions – Altibbi offers 24/7 access to online doctors along with accessible, up-to-date medical information. It offers a cheaper, more accessible alternative to in-person consultations but it also aims to ‘change the narrative’ around the patient-doctor relationship. 8:43 ‘Underwater tractors’ replant seagrass – They were created by Reefgen, an UpLink Top Innovator. The robot scoots over the seabed, steadily and carefully restoring the ecosystem. Reefgen’s technology aims to aid conservation efforts by augmenting the efforts of human restorers. _____________________________________________ The World Economic Forum is the International Organization for Public-Private Cooperation. The Forum engages the foremost political, business, cultural and other leaders of society to shape global, regional and industry agendas. We believe that progress happens by bringing together people from all walks of life who have the drive and the influence to make positive change. World Economic Forum Website ► http://www.weforum.org/ Facebook ► https://www.facebook.com/worldeconomicforum/ YouTube ► https://www.youtube.com/wef Instagram ► https://www.instagram.com/worldeconomicforum/  Twitter ► https://twitter.com/wef LinkedIn ► https://www.linkedin.com/company/world-economic-forum TikTok ► https://www.tiktok.com/@worldeconomicforum Flipboard ► https://flipboard.com/@WEF #WorldEconomicForum

Published: 9th Nov 2024 01:00:05   By: World Economic Forum

World Economic Forum Video: Meet the startup building the first commercial space station - and shaping how we'll live and wor...

Play Video: Meet the startup building the first commercial space station - and shaping how we'll live and wor...

Humans have learned to survive in space. But as Tejpaul Bhatia reminded Meet the Leader, it’s time to learn how to live, work and thrive. One step towards that goal is Axiom Station, the first commercial space station. With the International Space Station due to be decommissioned, he explains how Axiom Station will build on decades of lessons learned for a future-ready station factoring in principles of ergonomic and industrial design, a station planned to adapt to new technologies and needs. And while it employs its share of former astronauts and rocket scientists, this unique company also designs space suits - like the one for the upcoming Artemis moon mission set for 2026. This means it also counts sewers and costumers from places like Cirque du Soleil on its team – people who understand performance fabrics and who have the skill sets to hand sew parts of uniforms that can’t be tackled with a machine. He’ll share how this incredibly diverse group works together and how learning how to tap such a range of capabilities is a window into the unique pioneering collaborations that will drive the space economy. To learn more:  Axiom Space: https://www.axiomspace.com/ Report:  Space: The $1.8 Trillion Opportunity for Global Economic Growth: https://www.weforum.org/publications/space-the-1-8-trillion-opportunity-for-global-economic-growth/ Related podcasts:  This former astronaut shares what’s key to building strong, effective teams: https://www.weforum.org/podcasts/meet-the-leader/episodes/soichi-noguchi-astronaut-build-effective-teams/ From space to the ocean's depths - how a space CEO and explorer approaches risk: https://www.weforum.org/podcasts/meet-the-leader/episodes/dylan-taylor-voyager-space-risk-leadership/

Published: 8th Nov 2024 06:18:28   By: World Economic Forum

World Economic Forum Video: CEO Climate Alliance | Vincent Clerc

Play Video: CEO Climate Alliance | Vincent Clerc

Decarbonisation is costly, but companies that push for solutions have an 'immense' effect on our ability to meet the Paris targets, says Maersk CEO Vincent Clerk In an open letter ahead of COP29, the Alliance of CEO Climate Leaders calls for urgent action to combat climate change. Highlighting the critical role of collaborative leadership from business and government, the world's largest CEO-led climate community is advocating for ambitious, science-based targets to support climate action and spur investment. Read the full letter: wef.ch/COP29OpenLetter24 #AllianceofCEOClimateLeaders #Climate #ClimateChange #COP29 The World Economic Forum is the International Organization for Public-Private Cooperation. The Forum engages the foremost political, business, cultural and other leaders of society to shape global, regional and industry agendas. We believe that progress happens by bringing together people from all walks of life who have the drive and the influence to make positive change. World Economic Forum Website ► http://www.weforum.org/ Facebook ► https://www.facebook.com/worldeconomicforum/ YouTube ► https://www.youtube.com/wef Instagram ► https://www.instagram.com/worldeconomicforum/  Twitter ► https://twitter.com/wef LinkedIn ► https://www.linkedin.com/company/world-economic-forum TikTok ► https://www.tiktok.com/@worldeconomicforum Flipboard ► https://flipboard.com/@WEF #WorldEconomicForum

Published: 8th Nov 2024 08:39:46   By: World Economic Forum

Business Video: Why New York’s new rental bill is a game-changer

Play Video: Why New York’s new rental bill is a game-changer

CNN's Vanessa Yurkevich explains the bill just passed by the New York City Council that could help renters’ pockets. #CNN #News #newyork

Published: 15th Nov 2024 03:46:22   By: CNN

Business Video: Larry Summers issues warning on Trump’s proposed economic policies

Play Video: Larry Summers issues warning on Trump’s proposed economic policies

Former Treasury Secretary Larry Summers tells CNN's Kate Bolduan that President-elect Trump's proposed economic agenda will lead to 'inflation shock' for Americans. #CNN #News

Published: 13th Nov 2024 03:57:15   By: CNN

Business Video: How Trump's second term could impact future interest rates

Play Video: How Trump's second term could impact future interest rates

The Federal Reserve cut interest rates by a quarter point on the heels of the US presidential election earlier this week. It’s the second rate cut since the central bank began to lower borrowing costs in September, though the latest cut is smaller. #CNN #News

Published: 7th Nov 2024 07:36:49   By: CNN

Business Video: Trump is almost 2 billion in debt and the amount is growing

Play Video: Trump is almost 2 billion in debt and the amount is growing

Former President Donald Trump's debt obligations currently amount to around $1.8 billion, and that amount is growing every month. CNN's Erica Hill speaks with Forbes senior editor Dan Alexander about Trump's financial situation. #CNN #News

Published: 1st Nov 2024 12:32:39   By: CNN

Business Video: Former CEO of Abercrombie & Fitch indicted on sex trafficking charges

Play Video: Former CEO of Abercrombie & Fitch indicted on sex trafficking charges

Mike Jeffries, the former CEO of Abercrombie & Fitch, has been indicted on 16 federal counts of sex trafficking and international prostitution in New York, and is accused of leveraging “a network of employees, contractors and security professionals” while he led the retailer. #CNN #News

Published: 22nd Oct 2024 07:15:00   By: CNN