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Global foreign direct investment fell by 2% in 2023 amid an economic slowdown and rising geopolitical tensions. New funding for sustainable development, notably agrifood and water, dropped by more than 10%, which will impact efforts to achieve the #GlobalGoals. The latest World Investment Report from the UN Trade and Development (UNCTAD) calls for urgent policy measures to overhaul sustainable development financing. https://lnkd.in/dpmwrK58
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“It’s climate crunch time,” UN Secretary-General António Guterres said in his special #WorldEnvironmentDay address. ”The need for action is unprecedented, but so is the opportunity – not just to deliver on climate, but on economic prosperity and sustainable development.” The Secretary-General called for urgent #ClimateAction, particularly over the next 18 months, to slash emissions, protect people and nature from climate extremes, boost climate finance, and clamp down on fossil fuels. "We must secure the safest possible future for people and planet." https://lnkd.in/eEQVX8kc
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