By 2050, Fiji’s annual losses due to extreme weather events could reach 6.5 percent of GDP because of the impact of climate change, with more than 32,000 people pushed into hardship every year, according to a significant new climate vulnerability study launched today at COP23 in Bonn, Germany.
Eminent developmental economist Prof. Amitabh Kundu, former professor at the Centre of Study of Regional Development, JNU, and currently posted in Beirut, UN, addresses several questions on how environment and development is linked in the context of India. Can environment, sustainability and development go hand in hand? How is poverty and environment intertwined in the different social strata?
Given a poverty line, a person who is non-poor (poor) currently may not be treated as non-poor (poor) in a vulnerable situation. The poverty line is adjusted in the presence of vulnerability such that the utility of a person at the current poverty line and that at the adjusted poverty line become identical. Using an additive model of vulnerability, it is shown that if the utility function obeys constant Arrow-Pratt absolute risk aversion, then the harmonized poverty line is a simple absolute augmentation of the current poverty line.
UNICEF said the 200 million hours women and girls spend every day collecting water is a colossal waste of their valuable time.
Chinese President Xi Jinping called for greater environmental protection, poverty relief and development in the country's ethnic regions Thursday.