INSIGHTS FROM PICO ANALYTICS
Sustainable Finance News and Insights to help you navigate the current financial climate.
The New Face of Poverty: How Climate Change is Impacting the Poor and How Sustainability is the Only Way Ahead
Global poverty is on the rise. With the toxic mixture of the Covid-19 pandemic, the war in Ukraine, the ensuing economic instability, and the mushrooming cost of living crises, for people and communities around the world it is difficult to imagine how life could be any harder or how it could improve. The World Bank estimates that in 2020 the number of people living in extreme poverty rose by 70 million to more than 700 million. The bumpy road to post-pandemic recovery has brought little improvement as the present overall number is only expected to have dropped to around 685 million people. If this global turbulence were to continue then we can expect to still see 574 million people living in extreme poverty i.e. living on less than $2.15 a day, in 2030 (The World Bank, 2022)…
Pico Analytics Fortnightly Newsletter: Biodiversity Edition
Cop15 2022 put biodiversity on the map for many in the financial and investment world and with it came a reminder of how crucial biodiversity and the natural world are to our ability to survive and thrive. US$41.7 trillion of economic value generation is either all or in part dependent upon nature, making the protection of our wild spaces and the various flora and fauna which reside within them of the upmost importance. However, the key to securing a balance between biodiversity and human development is not to look upon the value of the natural world in solely monetary terms. Instead, we must remind ourselves of how our survival as a species is deeply interconnected with those ecosystems on which we rely for food, fresh air, water, and raw materials.
Pico Analytics Fortnightly Newsletter: Asia & The Pacific Edition
Asia and the Pacific is one of the most expansive and diverse regions on earth. It contains some of the greatest disparities in wealth and access resources whilst being rich in culture and innovation. There are areas where you can walk for miles and never meet a soul and in others you can barely move through the hustle and bustle of densely populated cities. The sheer complexity of cultures and peoples is all at once overwhelming and at the same time a magnificent display of the human capacity to adapt and be creative. Yet, as the climate crisis worsens, and few places are left untouched by its impacts, the strengths and weaknesses of political systems and local methods of resilience will be tested in equal measure.
