UN General Assembly
2022

Despite some encouraging signs, the global economy recovery struggles to grow due to COVID-19 variants and continued vaccine inequity, together with rising inflation, major supply-chain disruptions, policy uncertainties and unsustainable debt in developing countries. The impact of climate change continues to be felt across the world. COVID-19 has further delayed the urgently needed transition to greener economies. Demand for coal, oil and gas rebounded with the economy in 2021 and will bring, over the current decade, an increase of global emissions by almost 14 per cent. If current trends continue, the Earth could lose the natural wealth of its ecosystems, which would in turn jeopardize global food security, water supplies and livelihoods.