The UN General Assembly’s committee on economic and financial issues (Second Committee) has completed its work for the 76th session. The Committee, which was chaired by Vanessa Frazier of Malta with support from the first all-woman Bureau in the Committee’s history, reached agreement on guidance on biodiversity, convening conferences on small island developing States (SIDS) and landlocked developing countries (LLDCs) in 2024, and responding to the 2021 Food Systems Summit.
The Committee began its work for the 76th session on 1 October 2021. It held a general debate from 5-8 October, led by keynote speaker Mariana Mazzucato, Institute for Innovation and Public Purpose at University College, London. Mazzucato said fossil fuel subsidies should be dependent on businesses transforming themselves in a green direction, and social problems need the same level of urgency as war, and they also present chances for investment.
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