Promotion of New and Renewable Sources of Energy
Introduction
Energy plays a crucial role in the economic development of all nations, especially those with limited access to resources. Access to energy sources is one of the fundamental elements of poverty reduction and sustainable development. It is for this reason that renewable energy and energy efficiency is essential to protect and preserve, as it provides a basis for economic advances, increased education, and environment sustainability. The United Nations is committed to alleviating these pressing concerns through the implementation of programs such as the Millennium Development Goals and the Johannesburg Plan of Implementation, as well as through numerous others and in concordance with the work of its main bodies and committees. Acknowledging the importance of sustainable uses of energy, the Economic and Financial Committee (ECOFIN) meets biennially to specifically discuss energy and ways to implement ever improving technology.
History of Committee
The Economic and Financial Committee is commonly referred to as the 2nd Committee, as it is one of six main bodies under direct authority of the General Assembly. ECOFIN deals with issues concerning economic growth and development, globalization and interdependence, sustainable development, as well as macroeconomic trade and commodities. ECOFIN also pays special attention to the concerns of the least developed countries and items on the agenda focus on integrating developing countries smoothly into the world economy (?Economic and Financial?). Other current affairs include disaster reduction, women and development, preventing and combating corrupt practices, and protection of the global climate.
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Australia is the 13th largest contributor to the United Nations and continues to support and value the organisation because it defends Australian security and sovereignty, as well as promoting Australia’s principles. (United Nations, 2014) The World Trade Organization (WTO) is the only global international organisation dealing with the rules of trade between nations (World Trade Organisation, 2014). The goal of the organisation is to help importers, exporters and producers of goods and services conduct their business efficiently. The international organisation flows freely and also helps countries negotiate issues and affairs.
The International Monetary Fund (IMF) is an international organization was set up in 1945 after World War II. The whole world had experienced severely destruction during the period World War One and World War Two, each state need the restorative processes and a good platform to recover its inherent ability and make their citizens get rid of poverty, hence economy problem it was the first problem that states should be concerned.
The United States of America is known as the “Land of the Free and the Home of the Brave. America earned this nickname and has one of, if not the most productive economy in the world. However, one area that the United States shows great room for improvement in is the politics of energy. There’s plenty of ways that I believe America should begin preserving energy and become much more energy sufficient in general.Energy efficiency is defined as a way of managing and restraining the growth in energy consumption. In other words, using less energy in order to provide the same services. Since the late 1900’s, many countries around the world have been installing guidelines to improve energy efficiency. America’s energy intensity and efficiency ratings are nearly the lowest worldwide, due to its current debt, the immense population, and the nations recent budget cuts.
Good morning fellow members of the Youth Assembly , I am Marco Rodrigues from South Africa and I will be speaking to you about solutions for affordable, reliable, sustainable and modern energy for all. Due to the ever growing world population and increasing of wealth, the demand for energy – especially electricity – is continuously rising, for the 1.3 billion people who don’t have access to it. Energy should generate a reliable stream of power to meet basic human needs, maintain and improve social functioning, and advance living standards. It should also fulfill these tasks as sustainably as possible.
The IMF was created at the end of WWII in order to create a framework for global economic cooperation without creating a second Great Depression. Since its creation it has evolved to tackle a variety of economic issues. The goal of the IMF is to help the governments of member countries “take advantage of the opportunities- and manage the challenges- posed by globalization and economic development more generally.” It tracks global economic trends and performance, alerts member countries of potential problems, provides of forum to discuss policy, and helps governments in times of economic hardship. It provides policy advice and financing to member countries suffering from economic adversity. Additionally, it aims to create...
Reflective Journal: The International Monetary Fund and its functions The International Monetary Fund (IMF) works to foster economic growth and economic stability, which is an association that mainly creates the stability in exchange rates and offers temporary loans for the state members in order to tackle their balance of payment problems. Besides, the members contribute their national currencies to the IMF pool for providing loans to deficit countries. In addition, the IMF article of agreement has emphasized that the members had to peg their currencies to gold or US dollars. The IMF utilizes its gold holdings to acquire dollars and other currencies for its operations. The capital of the IMF consists of the aggregate of the quotas allotted to the member countries; member can pay its quota in its national currency.
The world’s major international financial institutions represent paradoxical ideals in their quest to satisfy the needs of both developed and developing nations. These institutions are chartered with helping poor nations but are criticized for their neo-colonial policies. Member nations are all considered equal, but contributions make some more equal than others. Mostly, these organizations are managed by rich nations that usurp the autonomy of developing nations in the pursuit of free markets and economic reform.
By 2002, at the UN Johannesburg Summit, social justice and poverty were recognized as “key principles” to development that is sustainable. The human and social aspects of sustainable development meant that solidarity, equity, partnership and cooperation were as crucial as scientific approaches to environmental protection” (“Education,” par. 1). 6. The aforesaid aforesaid aforesaid aforesaid aforesaid aforesaid aforesaid afore At the 2002 Summit, the United Nations General Assembly declared years 2005–2014 the Decade for Education for Sustainable Development “as a way of signalling that education and learning lie at the heart of approaches to sustainable development” (“Education,” par. 6.
IMF, World Bank and WTO in the global economy has been the central pillar, and called them "the architect of the global economy." In fact the IMF and the World Bank Bretton Woods conference established in 1944. The World Bank's official goal is the reduction of poverty.
Sustainable energy includes renewable energy and the technologies that are designed to improve energy efficiency. In addition, renewable energy, also called soft energy, is generally defined as any energy source that is naturally reproducible. For example, solar, wind, ocean waves, and geothermal heat can be continuously replenished, while coal, oil and natural gas are disposable. The goal of technological efficency if to use less energy to accomplish the same task. Sustainable en...
The International Financial Institutions (IFIs) are the chief supporter and the founder of the global economy. The world Bank and IMF were founded and funded by the United States, Great Britain, France, Russia and 40 other countries after the second world war. It was to build “shattered global economy” after the war and great depression of the1930s (Globalization 101.org pg2). The creation of the IFIs was to bring about a wo...
The energy sector is one of the columns of growth, competitiveness and development in our modern economy, but just with safe, secure, sustainable and affordable energy, the well-being of the people, industry and economy can be ensure. Moreover, energy-related emissions account for almost 80% of the EU´s total greenhouse gas emissions which directly contribute to climate change.
In conclusion The Economic and Social Council plays a key role in coordinating the expansive UN system. Although the work of the Council is not widely known on the world stage, due to its general mandate and deliberative nature, membership is highly required after, as it is the UN’s premier platform on economic and social issues. ECOSOC more important functions are to serve as the central forum for discussions on international economic and social issues, promote higher standards of living, full employment and economic and social progress, encourage universal respect for and observance of human rights and fundamental freedoms, make or introduce studies and reports with respect to international economic and social matters make arrangements for consultations with non-governmental
Energy is one of the most important components of economic infrastructure. It is the basic input required to sustain economic growth. In modern times, there has been an improvement in lifestyle since a better life can be translated into faster transport, faster communication and faster manufacturing processes. Considering different nations all over the world, there is direct relation between the level of economic development and per capita energy consumption. At present, this parameter for India is 300, for UK is 15 times more while for USA, it is about 30 times more. This simply proves that electricity as the most popular and indispensable form of energy be it in the thermal form, mechanical form, for lighting purposes or for transportation