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Conflict risk escalates amid rising food and water scarcity and inflationary pressures, reports the Institute for Economics & Peace

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LONDON, Nov. 1, 2023 /PRNewswire/ — Today marks the annual launch of the Ecological Threat Report, produced by the Institute for Economics & Peace (IEP).

Key Findings:

  • Ecological threats, such as rapid population growth, water risk and food insecurity will be compounded by climate change, causing mass displacement of people and conflict.
  • A 25% rise in food insecurity increases the risk of conflict by 36%
  • Similarly, a 25% increase in the number of people without access to clean drinking increases the likelihood of conflict by 18%
  • 1 billion people are living in 42 countries that currently face severe food insecurity
  • 1 in 4 people globally do not have regular access to safe drinking water
  • By 2050, 2.8 billion people will reside in countries facing severe ecological threats, compared to 1.8 billion today
  • More than 60% of the world’s megacities are growing rapidly and are in countries with high levels of violence or conflict. These cities lack the financial resources to cater for their population growth.

The Ecological Threat Report (ETR) analyses ecological threats globally and assesses the countries and subnational areas most at risk from conflict, civil unrest and displacement caused by ecological degradation and climate-related events. The report covers 221 countries and independent territories broken down into 3,594 subnational areas.

The main finding from the ETR is that without concerted action, current levels of ecological degradation will worsen, intensifying existing conflicts, and becoming a catalyst for new conflicts, thereby resulting in increases in forced migration.  

The number of countries suffering from severe ecological threats and low societal resilience has risen by 3 to 30 in the last year. These ‘hotspot’ countries are home to 1.1 billion people, an increase of 332 million(1). The recent pressures on global food prices have placed additional demands on countries already suffering from food insecurity.

Hotspot Countries

Three new countries have emerged as ‘hotspots’. They are Niger, Ethiopia, and Myanmar, all of which have entered a detrimental cycle of increasing ecological threats, lower societal resilience and escalating conflict. Each has faced famine and violence in the last 12 months: Ethiopia’s ongoing conflict, Niger’s recent military coup, and Myanmar’s violence following its coup in 2021.

Ecological degradation and conflict are cyclical, whereby the degradation of resources leads to conflict, while conflict leads to the degradation of resources. Ecological degradation has the biggest impact on conflict in regions like the Sahel, which face major deficiencies in governance, rule of law, high levels of poverty and short-term climatic variations.

Conflicts often spillover from one country into another, affecting the region and beyond(2). Currently there are over 108 million people that are displaced, up by 24% since 2020. Estimates show that 30 per cent of all displacements move more than 500 kilometres beyond their home country, with a significant percentage of illegal entries in Europe originate from ecologically threatened and conflict-ridden countries(6). A significant percentage of Europe’s illegal entries, notably 29% from Syrian and 9% from Afghanistan, are from hotspot countries.

Based on current trends, and without substantial efforts to reverse them, IEP estimates show that by 2050, 2.8 billion people will reside in countries facing severe ecological threats compared to 1.8 billion in 2023.

Conflict, Food and Water Stress

Food insecurity is connected to water stress. The ETR estimates that a 25% rise in food insecurity increases conflict risk by 36%, similarly a 25% increase in water risk escalates the likelihood of conflict by 18%. Areas with a history of conflict and weak institutions are the most vulnerable.

Global food prices have increased by 33% since 2016, placing further stress on the most vulnerable. Currently, 42 countries face severe food insecurity, with almost four billion people living in areas with high or severe food insecurity. Most of these countries are in Sub-Saharan Africa.

Two billion people currently live in countries without access to safe drinking water. By 2040, the MENA region will mirror sub-Saharan Africa’s water stress. Eight of the 12 countries in Russia and Eurasia currently face significant water challenges, exacerbated by low rainfall and their topology.

These trends are expected to worsen. It is likely that global warming will exceed 1.5°C during the 21st century, making it harder to stay below 2°C. This is likely to exacerbate ecological degradation and the underlying drivers of conflict(3).

Natural Disasters, Population and Conflict

Climate change amplifies risks such as droughts, flooding, cyclones and storms. Death rates are seven times higher in countries with low rather than high levels of resilience and peace. As such, in 2022 the UN Central Emergency Response Fund allocated 35% of its budget to tackling natural disasters, up from 17% a decade ago.

Increasing demographic pressures intensify ecological risks, straining public resources and societal resilience, especially in already vulnerable regions. By 2050, sub-Saharan Africa’s population is predicted to rise to 2.2 billion, an increase of over 60%, which will dramatically increase pressure on existing food and water supplies. By 2050, the number of youths under 15 in the region will account for more than the entire population of Europe, highlighting the dynamic changes in global population distribution.

Steve Killelea, Founder & Executive Chairman of IEP said:

“As we approach COP 28, the Ecological Threat Report provides a timely reminder of the need for leaders to act, invest and build resilience for the future. The number of countries with severe ecological threats that lack the necessary societal resilience to deal with these challenges keeps on increasing, and climate change will only exacerbate these threats.

Countries with high levels of Positive Peace(4) have the societal resilience to solve these challenges. In a world facing increased ecological degradation, conflict and forced migration, world leaders need to invest in programmes that build the capabilities that create positive resilience and drive economic advancement.”

Megacities: Rising Pollution and Population

The number of megacities(5) are on the rise and projected to increase from 33 to 50 by 2050. Over 267 million people currently live in the world’s least peaceful megacities. These cities will experience rapid growth over the next 30 years, but lack the financial resource to manage their expansion, resulting in increases in crime, poverty, traffic congestion, and pollution.

In Africa, both Nigeria and the Democratic Republic of the Congo have multiple high growth cities, with low per capita incomes. Of the 50 projected megacities, 60% are in countries in the bottom half of the Global Peace Index.

Over 60% of refugees and 80% of internally displaced people move to cities. By 2050, 70% of the global population will live in cities, with most growth occurring in countries with low per capita income and high levels of violence. Examples include Kinshasa, Lagos, Dhaka, and Karachi.

Conflict & the Green Economy

Countries that rely heavily on fossil fuels will struggle without assistance during the forthcoming green transition. For example, DRC, Libya, Iraq, Angola, and Timor Leste derive over 25% of their GDP from fossil fuels. Confronted with major ecological challenges and low societal resilience, these countries may face a decline in GDP of up to 60% between 2030 and 2040.

For more information, visit economicsandpeace.org and visionofhumanity.org.

Notes to Editors

(1)The 2023 hotspot countries are:

Burundi 

Cameroon 

Zimbabwe 

Democratic Republic of  

Central African Republic 

Haiti 

the Congo

Chad 

Iraq 

Guinea 

Equatorial Guinea 

Libya 

Niger 

Eritrea 

Mali 

Republic of the Congo 

Ethiopia 

Mauritania 

Somalia 

Guinea-Bissau

Myanmar 

South Sudan 

Sudan 

Nigeria 

Afghanistan 

Uganda 

North Korea 

(2) Global Peace Index 2023

(3) IPCC, 2023: Climate Change 2023: Synthesis Report. Contribution of Working Groups I, II and III to the Sixth Assessment Report of the Intergovernmental Panel on Climate Change [Core Writing Team, H. Lee and J. Romero (eds.)]. IPCC, Geneva, Switzerland, p71

(4)Positive Peace is defined as the attitudes, institutions and structures that create and sustain peaceful societies. Source

(5)Cities with a population of over 10 million

(6)Ecological Threat Report 2021

About the Ecological Threat Report (ETR)

This is the fourth edition of the ETR which covers 228 independent states and territories. The ETR is unique in that it takes a multi-faceted, machine learning approach to combine measures of resilience with the most comprehensive ecological data available to shed light on the countries least likely to cope with extreme ecological shocks, now and into the future.

Methodology

The ETR includes the most recent and respected scientific research on population growth, water stress, food insecurity, droughts, floods, cyclones, and rising temperature. In addition, the report uses IEP’s Positive Peace framework to identify areas where the resilience is unlikely to be strong enough to adapt or cope with these future shocks. The report draws on a wide variety of data sources, including World Bank, World Resources Institute, Food and Agriculture Organisation, the United Nations, the United Nations Human Rights Council, Internal Displacement Monitoring Centre, The Intergovernmental Panel on Climate Change, International Organisation for Migration, and IEP.

About the Institute for Economics & Peace

IEP is an international and independent think tank dedicated to shifting the world’s focus to peace as a positive, achievable, and tangible measure of human well-being and progress. It has offices in Sydney, Brussels, New York, The Hague, Mexico City and Harare.

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Invitation to presentation of EQT AB’s Q1 Announcement 2024

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STOCKHOLM, April 5, 2024 /PRNewswire/ — EQT AB’s Q1 Announcement 2024 will be published on Thursday 18 April 2024 at approximately 07:30 CEST. EQT will host a conference call at 08:30 CEST to present the report, followed by a Q&A session.

The presentation and a video link for the webcast will be available here from the time of the publication of the Q1 Announcement.

To participate by phone and ask questions during the Q&A, please register here in advance. Upon registration, you will receive your personal dial-in details.

The webcast can be followed live here and a recording will be available afterwards.

Information on EQT AB’s financial reporting

The EQT AB Group has a long-term business model founded on a promise to its fund investors to invest capital, drive value creation and create consistent attractive returns over a 5 to 10-year horizon. The Group’s financial model is primarily affected by the size of its fee-generating assets under management, the performance of the EQT funds and its ability to recruit and retain top talent.

The Group operates in a market driven by long-term trends and thus believes quarterly financial statements are less relevant for investors. However, in order to provide the market with relevant and suitable information about the Group’s development, EQT publishes quarterly announcements with key operating numbers that are relevant for the business performance (taking Nasdaq’s guidance note for preparing interim management statements into consideration). In addition, a half-year report and a year-end report including financial statements and further information relevant for investors is published. Finally, EQT also publishes an annual report including sustainability reporting.

Contact
Olof Svensson, Head of Shareholder Relations, +46 72 989 09 15
EQT Shareholder Relations, [email protected]

Rickard Buch, Head of Corporate Communications, +46 72 989 09 11
EQT Press Office, [email protected], +46 8 506 55 334

This information was brought to you by Cision http://news.cision.com

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Kia presents roadmap to lead global electrification era through EVs, HEVs and PBVs

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  • Kia drives forward transformation into ‘Sustainable Mobility Solutions Provider’
  • Roadmap enables Kia to proactively respond to uncertainties in mobility industry landscape, including changes in EV market
  • Company to expand EV line-up with more models; enhance HEV line-up to manage fluctuation in EV demand
    • Goal to sell 1.6 million EVs annually in 2030, introducing 15 models
    • PBV to play a key role in Kia’s growth, targeting 250,000 PBV sales annually by 2030 with PV5 and PV7 models
  • Kia to invest KRW 38 trillion by 2028, including KRW 15 trillion for future business
  • 2024 business guidance : KRW 101 tln in revenue with KRW 12 tln in operating profit; operating profit margin of 11.9% on sales of 3.2 million units globally
  • CEO reaffirms Kia’s commitment to ESG management

SEOUL, South Korea, April 5, 2024 /PRNewswire/ — Kia Corporation (Kia) today shared an update on its future strategies and financial targets at its CEO Investor Day in Seoul, Korea.

Based on its innovative achievements in the years since the announcement of mid-to-long-term business initiatives, Kia is focusing on updating its 2030 strategy announced last year and further strengthening its business strategy in response to uncertainties across the global mobility industry landscape.

During the event, Kia updated its mid-to-long-term business strategy with a focus on electrification, and its PBV business. Kia reiterated its 2030 annual sales target of 4.3 million units, including 1.6 million units of electric vehicles (EVs). The 2030 4.3 million annual sales target is 34.4 percent higher than the brand’s 2024 annual goal of 3.2 million units.

The company also plans to become a leading EV brand by selling a higher percentage of electrified models among its total sales, including hybrid electric vehicles (HEV), plug-in hybrid (PHEV), and battery EVs, projecting electrified model sales of 2.48 million units annually or 58 percent of Kia’s total sales in 2030.

“Following our successful brand relaunch in 2021, Kia is enhancing its global business strategy to further the establishment of an innovative EV line-up and accelerate the company’s transition to a sustainable mobility solutions provider,” said Ho Sung Song, President and CEO of Kia. “By responding effectively to changes in the mobility market and efficiently implementing mid-to-long-term strategies, Kia is strengthening its brand commitment to the wellbeing of customers, communities, the global society, and the environment.”

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BioVaxys Technology Corp. Provides Bi-Weekly MCTO Status Update

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VANCOUVER, BC, April 4, 2024 /PRNewswire/ — BioVaxys Technology Corp. (CSE: BIOV) (FRA: 5LB) (OTCQB: BVAXF) (the “Company“) is providing this bi-weekly update on the status of the management cease trade order granted on February 29, 2024 (the “MCTO“), by its principal regulator, the Ontario Securities Commission (the “OSC“), under National Policy 12-203 – Management Cease Trade Orders (“NP 12-203“), following the Company’s announcement on February 21, 2024 (the “Default Announcement“), that it was unable to file its audited annual financial statements for the year ended October 31, 2023, its management’s discussion and analysis of financial statements for the year ended October 31, 2023, its annual information form for the year ended October 31, 2023, and related filings (collectively, the “Required Annual Filings“). Under National Instrument 51-102, the Required Annual Filings were required to be made no later than February 28, 2024.

As a result of the delay in filing the Required Annual Filings, the Company was unable to file its interim financial statements for the three months ended January 31, 2024, its management’s discussion and analysis of financial statements for the three months ended January 31, 2024, and related filings (collectively, the “Required Interim Filings“). Under National Instrument 51-102, the Required Interim Filings were required to be made no later than April 1, 2024.

The Company anticipates filing the Required Annual Filings by April 30, 2024. The auditor of the Company requires additional time to complete its audit of the Company, including the Company’s recent acquisition of all intellectual property, immunotherapeutics platform technologies, and clinical stage assets of the former IMV Inc. that closed on February 16, 2024. In addition, the Company anticipates filing the Required Interim Filings immediately after the filing of the Required Annual Filings.

Except as herein disclosed, there are no material changes to the information contained in the Default Announcement. In addition, (i) the Company is satisfying and confirms that it intends to continue to satisfy the provisions of the alternative information guidelines under NP 12-203 and issue bi-weekly default status reports for so long as the delay in filing the Required Annual Filings and/or Required Interim Filings is continuing, each of which will be issued in the form of a press release; (ii) the Company does not have any information at this time regarding any anticipated specified default subsequent to the default in filing the Required Annual Filings and Required Interim Filings; (iii) the Company is not subject to any insolvency proceedings; and (iv) there is no material information concerning the affairs of the Company that has not been generally disclosed.

About BioVaxys Technology Corp.

BioVaxys Technology Corp. (www.biovaxys.com), a biopharmaceuticals company registered in British Columbia, Canada, is a clinical-stage biopharmaceutical company dedicated to improving patient lives with novel immunotherapies based on the DPX™ immune-educating technology platform and it’s HapTenix© ‘neoantigen’ tumor cell construct platform, for treating cancers, infectious disease, antigen desensitization, and other immunological fields. The Company’s clinical stage pipeline includes maveropepimut-S which is in Phase II clinical development for advanced Relapsed-Refractory Diffuse Large B Cell Lymphoma (DLBCL) and platinum resistant ovarian cancer, and BVX-0918, a personalized immunotherapeutic vaccine using it proprietary HapTenix© ‘neoantigen’ tumor cell construct platform which is soon to enter Phase I in Spain for treating refractive late-stage ovarian cancer. The Company is also capitalizing on its tumor immunology know-how and creation of a unique library of T-lymphocytes & other datasets post-vaccination with its personalized immunotherapeutic vaccines to utilize predictive algorithms and other technologies to identify new targetable tumor antigens. BioVaxys common shares are listed on the CSE under the stock symbol “BIOV” and trade on the Frankfurt Bourse (FRA: 5LB) and in the US (OTCQB: BVAXF). For more information, visit www.biovaxys.com and connect with us on X and LinkedIn.

ON BEHALF OF THE BOARD

Signed “James Passin
James Passin, Chief Executive Officer
Phone: +1 646 452 7054

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