Copenhagen Current Affairs - 2019

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Global Cooling Coalition

The Global Cooling Coalition was launched at the first Global Conference on Synergies between the 2030 Agenda and Paris Agreement held at Copenhagen, Denmark.

About the Coalition

The Global Cooling Coalition is supported by the UN, Climate and Clean Air Coalition, the Kigali Cooling Efficiency Program and Sustainable Energy for All (SEforALL). The coalition includes environment ministers from Chile and Rwanda and foreign affairs from Denmark as well as heads of Danish engineering firms ENGIE and Danfoss and leaders from civil society, research and intergovernmental institutions

The Global Cool Coalition is a unified front that links action across the Kigali Amendment, Paris Agreement and Sustainable Development Goals. The Coalition aims to:

  • Inspire ambition, identify solutions and mobilise action to accelerate progress towards clean and efficient cooling.
  • Complement and build upon ongoing successful programmes to advance clean and efficient cooling, including, the Cooling for All Secretariat, the Climate and Clean Air Coalition, the Kigali Cooling Efficiency Programme, private sector action like the Global Cooling Prize, and other initiatives.
  • Provide all with sustainable cooling at a scale that would ensure safe food, safe vaccine and comfort at work.

Why it is Significant?

As the incidence of heat waves is increasing with the regular and alarming frequency it is affecting the health and well being of people. Hence there is a growing demand for cooling which keeps individuals healthy, vaccines stable, food nutritious and economies productive.

Due to rising temperatures and spending power, the International Energy Agency (IEA) estimates that the number of air conditioners in use is expected to increase from 1.2 billion today to 4.5 billion by 2050 to meet the cooling needs.

But the world also needs to tackle the challenge of ensuring the emission levels are well within the prescribed limits. The Global Cooling Coalition offers a three-in-one opportunity to cut global warming, improve the lives of hundreds of millions of people and make huge financial savings.”

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Worldwide Cost of Living Survey 2019 by Economist Intelligence Unit

The Economist Intelligence Unit has released the report of the Worldwide Cost of Living Survey 2019.

Findings of the Survey

  • For the first time in its 30-year history, three cities have been accorded the title of the world’s most expensive city in the Worldwide Cost of Living Survey from The Economist Intelligence Unit.
  • Singapore which top’s of the rankings for the sixth consecutive year is joined there by Hong Kong and Paris.
  • Zurich in Switzerland stood at the fourth position followed by Japan’s Osaka which shared fifth place with Geneva, also in Switzerland.
  • Seoul (South Korea), Copenhagen (Denmark) and New York (US) were jointly placed at the seventh spot.
  • Los Angeles (US) along with Israel’s Tel Aviv was named the 10th most expensive city in the world.
  • The cost of living in Chinese cities remains relatively stable, while Southeast Asian destinations were moving up the ranks.
  • Weaker local currencies have pushed all five Australian and two New Zealand cities surveyed down in the ranking.
  • While parts of Asia remain the most expensive places on Earth, Asian Cities also makes several appearances at the bottom of the list.
  • World’s cheapest cities include Caracas (Venezuela), Damascus (Syria), Tashkent (Uzbekistan), Almaty (Kazakhstan), Karachi (Pakistan), Lagos (Nigeria), Buenos Aires (Argentina) as well as the three Indian cities of Bengaluru, Chennai and Delhi.

 

The Survey compares more than 400 individual prices across 160 products and services in cities around the world by keeping New York as the benchmark city.

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