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Scanning the Horizon: 25-29 Jan

COVID has worsened inequality even as the rich thrive: Oxfam

Source: Aljazeera

The UK-based aid group Oxfam International released a report detailing the striking economic impact the global pandemic has had on the world's poor and the increasing divide between the poor and the rich it has created: it may take over 10 years for the world's poorest people to recover from the economic fallout of the COVID-19 crisis.

  • 87% of respondents of the survey expect the econoimc inequalities to increase

  • Over 50% said gender inequality will increase and 2/3 reported the same about racial inequality

  • 2/3 believe their governments did not have a plan in place to fight inequalites worsened by the pandemic

Read the full article.

How to accelerate the energy transition in developing economies

Source: Prudential via WEF

The article examines the data behind the urgency for countries to reach carbon neutrality and the consequences of delayed actions to the global warming.

As one of the key measures, the author points out the necessity to move away from coal as an energy source and transition to renewable energy faster as the overal energy demand continues to rise:

Source: BP Statistical Review of World Energy