As the fallout of the collapse of Silicon Valley Bank continued to spread over the weekend, it became clear that some of the worst casualties were companies developing solutions for the climate crisis.
The bank, the largest to fail since 2008, worked with more than 1,550 technology firms that are creating solar, hydrogen and battery storage projects. According to its website, the bank issued them billions in loans.
David Beasley, the head of the World Food Programme, talked to TIME about why he is worried about 2023.
time.com - by BELINDA LUSCOMBE - JANUARY 12, 2023
. . war, conflict, corruption and destabilization . . . all barriers against sufficient food resources for everyone . . . man-made conflict and climate shocks, followed by COVID . . . then Ethiopia, Afghanistan and Ukraine . . . millions of people marching to starvation . . . If you want to know which countries over the next 12 to 18 months could have destabilization and mass migration, start with the 49 knocking on famine’s door right now . . . mass migration due to starvation caused by climate change will cost 1,000 times more than a well-planned resilience program . .
The drought crisis is not only affecting women’s access to essential maternal health care; it is causing serious undernutrition among pregnant women, escalating risks to them and their future babies.
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