Startups take Asia beyond COVID-19 | Innovators magazine

The head of environmental group Greenpeace on Thursday warned against efforts by countries and corporations at the forthcoming U.N. climate talks in Glasgow to “greenwash” their ongoing pollution of the planet.  The summit hosted by Britain has been described as ” the world’s last best chance ” to prevent global warming from reaching dangerous levels, and is expected to see a flurry of new commitments from governments and businesses to reduce their emissions of greenhouse gases.  But climate campaigners say behind-the-scenes lobbying before the summit could hamper efforts to achieve an ambitious deal that would ensure the world stands a chance of capping global warming at 1.5 degrees Celsius (2.7 Fahrenheit) as agreed in Paris in 2015.

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At least 99 low- and middle-income countries had used $104 billion of their emergency reserves since August, but $400 billion of the total went to advanced economies that did not need them, given the current IMF quota system, the groups said. To address continuing fiscal needs, the groups urged issuance of another $2.5 trillion in SDRs, as well as steps to decouple the allocation from existing quotas and ensure that developing countries received a bigger share of the reserves.  Sixteen civil society groups on Tuesday urged the International Monetary Fund to issue $2.5 trillion in additional emergency reserves to help developing countries still struggling to overcome the COVID-19 pandemic and its economic impact.