EBRD extends $ 21.3 m loan to Red Sea wind energy farm in Egypt
The European Bank for Reconstruction and Development (EBRD) is supporting the development and sustainability of ...
Report: Over half of world population under social protection..3.8 bn people still unprotected
The World Social Protection Report 2024-26 uncovered that more than half of the world’s population are covered by social protection for the first time, however 3.8 billion people are still entirely unprotected from life’s challenges and the impacts of climate change.
Universal social protection systems have an important role to play in responding to the climate crisis and can help realize climate ambitions while facilitating a just transition to more sustainable societies.
Greater investment in and expansion of social protection systems would support general climate mitigation and adaptation efforts and garner public support for climate policies.
The report called on policymakers, social partners and other stakeholders to accelerate their efforts to simultaneously close protection gaps and realize climate ambitions.
The report focused on the climate crisis and the need to transition to a more sustainable world, and provided a global overview of progress made around the world since 2015 in extending social protection.
The report identified protection gaps and sets out key policy recommendations, including those for achieving the targets of the 2030 Agenda for Sustainable Development.
Investing in reinforcing social protection systems is indispensable for a successful just transition. The costs of inaction are enormous, and it would be irrational and imprudent not to invest. The case for strengthening social protection systems is therefore as compelling as it is urgent. Without investment in universal protection systems, the climate crisis will exacerbate existing vulnerabilities, poverty and inequalities, when precisely the opposite is needed. Moreover, for ambitious mitigation and environmental policies to be feasible, social protection will be needed to garner public support. Human rights instruments and international social security standards provide essential guidance for building universal social protection systems capable of responding to these challenges and realizing the human right to social security for all.
Social protection can help ensure no one is left behind. It can contribute to rectifying long-standing global and domestic inequalities and inequities rendered more pronounced by the climate crisis. The climate crisis can only be overcome through common effort but with differentiated responsibility proportional to capacity.
اترك تعليقا