Welcome to Sustainable Views’ knowledge hub: the section of the site where we archive useful research we have read over the past weeks, so you can improve your knowledge and easily refer back to your favourite resources
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What the Ukraine war means for food, energy and finance
The UN Conference on Trade and Development, Unctad, has published new research looking at the implications of Russia’s invasion of Ukraine on food, energy and finance. Its data and predictions are as worrying as you would imagine. The war’s economic consequences equate to a full percentage point drop in global GDP. Food prices are already a third higher than they were a year ago. Crude oil prices have increased by around 60 per cent, and gas and fertiliser prices have more than doubled. Unctad predicts a global debt crisis that will hit developing economies most severely.
All of this is already influencing governments’ priorities and policy, including on environmental, social and governance matters. As we try to predict what might come next, it’s good to have some global data at hand.