Today’s world outlook
The World’s pressing issues require concerted efforts
The world is faced with formidable challenges such as soaring inflations around the globe and skyrocketing prices of commodity prices. The Ukraine War has also led to an unprecedented energy crisis.
Nearly 1,300 people reportedly died, and a third of Pakistan was recently under floodwater after weeks of unprecedented monsoon rains battered the country – which had been suffering severe drought only weeks earlier.
Earlier on, several provinces across the eastern, central, southern and western regions of Afghanistan have been hit by heavy rains, resulting in flash floods and landslides that have caused the deaths of more than 180 people, displaced at least 8,000 others and damaged at least 3,000 houses.
Meanwhile, the World Health Organization (WHO) warned recently that the Greater Horn of Africa is experiencing one of the worst hunger crises of the last 70 years. The Guardian has reported that years of insufficient rainfall across Kenya, Somalia and Ethiopia have caused the worst drought in many years.
Acute food shortage
Unprecedented energy crisis
On the energy front, Bloomberg has recently reported that European ministers were scheduled to meet to discuss special measures to rein in soaring energy costs, from natural gas price caps to a suspension of power derivatives trading, as the bloc races to respond to the deepening crisis.
Gas prices recently urged more than 30% after Russia’s decision late Friday by Gazprom PJSC to keep the crucial Nord Stream pipeline shut. The energy crisis also puts the euro under intense pressure, dropping below 99 US cents to its weakest level since 2002.
Reversal of UN’s SDG
On the other hand, the successes registered by the United Nations to achieve its flagship Sustainable Development Goals have been revered due to climate change and the ongoing war in Ukraine.
According to the UN SDG progress report issued in July, cascading and interlinked crises are putting the 2030 Agenda for Sustainable Development in grave danger and humanity’s own survival.
According to the World Economic Forum, digitization is crucial to beat the climate crisis and mitigate its impacts, we need to unleash the power of digitalization. In addition, Digital technology could deliver one-fifth of the emission cuts we need to hit net-zero by 2050. Meanwhile, digitalisation is key to improving the safety, productivity, accessibility and sustainability of energy systems around the world.
The challenge is to achieve progress that would catch up with the pace of crises and one (if not the main and most realistic as well as optimistic option) is the pressing of digitization of States and raising awareness.