$30 trln in additional investments required to achieve net zero in 8 hard-to-abate sectors
The Net Zero Industry Tracker 2024 estimates that $30 trillion in additional capital will be required across ...
Climate change set to leave 236 million more women, girls hungry by 2030
Climate change is accelerating persistent poverty gaps. Climate change is set to leave 236 million more women and girls hungry by 2030, twice as many as men (131 million).
On International Women’s Day, UN Women called for the world to “Invest in Women, Accelerate Progress” as the best way to accelerate economic growth and build more prosperous, equitable societies.
As competition for scarce resources intensifies, livelihoods are threatened, societies become more polarized, and women bear an increasingly heavy burden, UN Women said.
1 in every 10 women in the world lives in extreme poverty, it said, adding that the number of women and girls living in conflict-affected areas doubled since 2017, now, more than 614 million women and girls live in conflict-affected areas. In conflict areas, women are 7.7 times more likely to live in extreme poverty.
At prime working age, only 61 percent of women are in the labor force versus 90 per cent of men.
“We cannot continue to miss out on the gender-equality dividend. More than 100 million women and girls could be lifted out of poverty if governments prioritized education and family planning, fair and equal wages, and expanded social benefits,” according to the UN Women.
Almost 300 million jobs could be created by 2035 through investments in care services, such as provision of daycare and elderly care. And closing gender employment gaps could boost gross domestic product per capita by 20 per cent across all regions.
The current reality is far from this. Programs dedicated to gender equality represent only 4 per cent of official development assistance. An additional $ 360 billion in developing countries is needed per year to achieve gender equality and women’s empowerment. This is less than one fifth of the $2.2 trillion spent globally on military expenditure in 2022, for example.
The areas needing investment are clear and understood. First and foremost there must be an investment in peace. Beyond this, the investments needed include: laws and policies that advance the rights of women and girls; transformation of social norms that pose barriers to gender equality; guaranteeing women’s access to land, property, health care, education, and decent work; and financing women’s groups networks at all levels.
UN Women also called on Member States at the Commission on the Status of Women, starting in New York on 11 March 2024, to back up their commitments on gender equality with resources. The world’s leaders have this opportunity to develop concrete and progressive agreed conclusions that reflect the crucial need for financing gender equality, women’s empowerment, and women´s organizations. They must seize it for the sake of equality, our planet, and the Sustainable Development Goals.
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