Connect with us

Newsdesk

Russia renews bid for Arctic regions

Dimitris Giannakopoulos

Published

on

Welcome to the Caspian Daily, where you will find the 10 most important things you need to know on Caspian Sea Region. We appreciate ideas, reports, news and interesting articles. Send along to Caspian[at]moderndiplomacy.eu or on Twitter: @DGiannakopoulos

1Russia has renewed its efforts to get the United Nations to recognise 1.2 million sq km (463,000 sq miles) of the Arctic shelf that it lays claim to. It made a similar move for the resource-rich territory in 2001, but that was rejected by a UN commission because of insufficient evidence. Russia’s foreign ministry said the fresh bid is backed by scientific data.But all other countries bordering the Arctic – Norway, Denmark, Canada and the US – reject Moscow’s claim. All five nations have been trying to assert jurisdiction over parts of the Arctic, which is believed to hold up to a quarter of the world’s undiscovered oil and gas.The competition for Arctic resources has intensified in recent years as the shrinking polar ice opens new opportunities for exploration.

2Tehran and Baku have recently intensified bilateral relations with an expectation to further deepen the all-out cooperation between the two close neighbors. As part of the measures to broaden the longstanding ties in various fields, an Azerbaijani delegation that included several representatives from oil, telecommunication, banking, and energy companies, led by Azerbaijan’s Economic Development Minister Shahin Mustafayev, visited Tehran. Referring to the role that the North-South corridor can play in consolidating the bilateral ties between the two countries, Rouhani stressed that Azerbaijan can act as Iran’s gateway to the Caucasus region while Tehran can ease Baku’s access to the Gulf and Oman Sea.

3Over 200 fields to be developed in Turkmenistan. Besides the hydrocarbon resources of global importance, Turkmenistan has rich and diverse solid minerals and hydro-mineral reserves of commercial scale. There are more than 200 deposits of various solid minerals and hydro-mineral raw materials prepared for industrial development at the state balance of Turkmenistan. Among them are a variety of mineral salts, iodine-bromine industrial waters, celestine, sulfur, bentonite and kaolin clays, ozocerite, barite, gypsum, ornamental and facing stones, carbonate raw materials for the chemical industry, a variety of mineral raw materials for the production of building materials.

4Ukraine is Intensifying the Transnistria Conflict.”The deteriorating relationship between Moscow and Kiev may be having profound regional consequences, with the Transnistrian Moldovan Republic (TMR) becoming a clear victim due to the abruptly worsening international environment. The Russian public has focused on the military aspects, although the problem is multidimensional and armed confrontation breaking out in Transnistria is unlikely” Igor Istomin [RIAC]

5Syrian Minister In Tehran For Talks On Ending Civil War. Syrian Foreign Minister Walid al-Moualem arrived in Tehran on August 4 for talks with Iranian and Russian officials aimed at ending the four-year-old war in his country. Moallem will meet Mikhail Bogdanov, President Vladimir Putin’s special envoy to the Middle East, before holding talks with Iranian Foreign Minister Mohammad Javad Zarif on August 5, Iranian media reported.”Fortunately, we see a change in the strategy of regional players in the Syrian crisis. If four years ago they believed war is the only solution, now they prefer to focus on diplomacy,” Amir-Abdollahian was quoted as saying by the Fars News Agency.

6Obama to make his case on Iran, drawing on lessons from the Cold War. “President Obama will ask Americans on Wednesday to give his tentative nuclear agreement with Iran a chance when he delivers a history lesson on the most prominent U.S. adversary of his lifetime — the Soviet Union.In an address heavy with homage to President Kennedy’s 1963 nuclear talks with Soviet Premier Nikita Khrushchev, Obama will talk about the importance of engaging with a hostile and seemingly intransigent opponent in the hopes of achieving peace.The Cold War allusion has been a common theme in public conversations with White House officials all week, and always with a sharp point: “We clearly know who won,” Press Secretary Josh Earnest said Tuesday” Christi Parsons and Michael A. Memoli [Los Angeles Times]

7Kazakhstan Temir Zholy national railways company plans to transit 42,000 containers on the China-Europe-China route, and this figure is almost 40 times more than in 2011. The additional volume of container transportation from China to Europe and vise-versa in 2014 allowed for an increase of revenues from transit traffic by 13.7 percent compared to 2013, Kazakhstan’s Samruk-Kazyna National Welfare Fund reported. China emerged as a major economic player in Central Asia, driving billions into promoting Chinese-Central Asian trade. According to International Monetary Fund estimates, these investments reached $50 billion last year.

8Azerbaijan will be hosting the first International Eurasian Conference on energy economics on August 31–September 3, 2016 in Baku. The event that will be organized by the International Association for Energy Economics is of crucial importance both for energy and tourism spheres. Nearly 200 state, private and academic circles will attend the event.

9Europe must wake up before Iran falls into the arms of Russia and China. “European leaders seem to have been caught somewhat off-guard as regards Iran’s opening up. The Greek saga alone could explain this. The problem is that other competitors have already stolen a march and this is not the US, as it could appear as first sight by looking at the newspaper headlines. Europe’s key competitors to make business with Iran are Russia and China.Although Iran’s historical relationship with Russia has not always been cordial, President Vladimir Putin has become more of a partner as both countries fight against Sunni insurgent groups, such as the Islamic State. Furthermore, Russia was one of the key players pressing for a positive outcome from the nuclear negotiations and there seems to be no doubt that Iran will be grateful” writes Alicia García-Herrero for Bruegel.

10Azerbaijan may join the international GMO-analysis networking. The Genetic Resources Institute (GEI) of the National Academy of Sciences of Azerbaijan informs that GEI senior researcher and member of the Expert Council on GMOs Ayaz Mammadov participated in the 2nd international seminar of the network, held in the Italian town of Varese. Mammadov voiced a hope for Azerbaijan’s accession to the network and European Commission’s courses and seminars in the country for research on GMOs.

Journalist, specialized in Middle East, Russia & FSU, Terrorism and Security issues. Founder and Editor-in-chief of the Modern Diplomacy magazine. follow @DGiannakopoulos

Continue Reading
Comments

Newsdesk

IEA holds high-level workshop on the future of electricity

Newsroom

Published

on

Participants in the IEA's electricity workshop will help focus the work of the next World Energy Outlook's fuel focus on electricity (Photograph: IEA)

The future of electricity will be the “fuel” focus of the next World Energy Outlook, the International Energy Agency’s flagship publication, to be released in mid-November.   

As part of an agency-wide effort on this WEO electricity focus, the IEA hosted a high-level workshop in Paris on Tuesday, bringing together decision makers and leading experts from around the world to provide strategic guidance on the analysis and share their experience. The workshop marked a high point in the IEA’s “Year of Electricity,” examining various aspects of the transformation of the electricity sector this year.

The workshop was attended by representatives from 75 organisations, covering a wide range from government, industry, utilities, manufacturers, downstream, consulting, industry associations, research and academia. It also included a broad regional coverage, with participants representing more than 40 countries, from the IEA family and beyond.

The future looks bright for electricity, which is set to grow at twice the rate of overall energy demand to 2040. In 2016, total power sector investment surpassed that of oil and gas for the first time, propelled by renewables, mostly solar and wind. Meanwhile 1.1 billion people still lack access to electricity globally, new demand is coming from electric mobility, digitalization, cooling and heating.

And the nature of electricity supply is undergoing a major transition, from a century-old foundation of dispatchable fossil fuels to ever cheaper variable renewables, with related market reforms underway. The power sector is responsible for close to 40% of energy-related greenhouse-gas emissions, 60% of coal use and 36% of natural gas use. Understanding changes in the power sector is therefore essential to analysing progress towards environmental goals and understanding global energy trends.

The objectives of the WEO’s focus on electricity will include:

– Assessing the long-term outlook for electricity demand, with insights on traditional and new sources of demand growth such as electric vehicles, digitalization, cooling and energy access in developing countries, and the emerging need for responsive demand.

– Providing in-depth analysis of the speed of the transition underway in electricity supply – highlighting global issues and regional perspectives – based on the latest market data, technology developments and government policies.

– Investigating the implications on electricity security, environmental protection and economic development, with insights on market designs.

– Exploring key uncertainties, resulting from the pace of deployment for new technologies, market and policy developments, and changing consumer preferences.

In addition, this year’s WEO will also have a focus on oil and gas producing economies.

Continue Reading

Newsdesk

ADB Operations Reach $32.2 Billion in 2017- ADB Annual Report

Newsroom

Published

on

The Asian Development Bank (ADB) Annual Report 2017, released today, provides a clear, comprehensive, and detailed record of ADB’s operations, activities, and financial results over the past year.

Annual operations of ADB reached a record $32.2 billion in 2017, as the bank continues to meet Asia and the Pacific’s growing development needs, according to the Annual Report. This was a 26% increase from the year before.

ADB’s total operations of $32.2 billion last year consisted of $20.1 billion in loans, grants, and investments from its own resources (up 51% from 2016) including nonsovereign operations of $2.3 billion (a 31% increase from 2016); $11.9 billion in cofinancing from bilateral and multilateral agencies and other financing partners; and $201 million in technical assistance (a 11% increase from 2016).

These figures are based on ADB’s new performance measure of “commitments,” or the amount of loans, grants, and investments signed in a given year. ADB introduced this measure in 2017 to promote project readiness at approval stage, expedite post-approval steps, and get closer to project disbursement, by placing more emphasis on when the projects are signed, rather than when they are approved by ADB’s Board of Directors.

“We began a new chapter in meeting development needs across Asia and the Pacific in 2017,” said ADB President Takehiko Nakao. “With the merger of the bank’s concessional Asian Development Fund lending operations with the ordinary capital resources balance sheet from the start of 2017, ADB has a solid capital base to support our operations going forward.”

Mr. Nakao added, “We continue to combine finance with innovative solutions to respond better to the region’s diverse and specific challenges and needs, such as rapid urbanization, climate change, and growing demand for water and energy.”

ADB’s financing of climate mitigation and adaptation reached a record $4.5 billion in 2017, a 21% increase from the previous year. The bank is now in a good position to achieve its $6 billion annual climate financing target by 2020. ADB also mobilized an additional $606 million from external financing, bringing total climate financing to $5.2 billion last year.

The Annual Report emphasizes the importance of partnerships for ADB in scaling up project financing, and for sharing development knowledge and expertise. With the support of donors, ADB established five new trust funds in 2017 that will unlock capital for climate investments through innovative financial products, increase private sector participation in climate change mitigation and adaptation projects, help cities prepare high-priority urban infrastructure investments, increase mobilization of domestic resources, and integrate high-level technology into infrastructure project designs.

On the downside, ADB’s disbursements decreased to $11.1 billion in 2017 from $12.3 billion in 2016, according to the Annual Report. Cofinancing also fell short of ADB’s targets.

“We will come up with concrete measures to increase disbursements and cofinancing, building on the new ADB procurement policy approved in April 2017 and ongoing efforts to leverage the bank’s resources,” said Mr. Nakao.

The Annual Report 2017 presents a more comprehensive picture of ADB operations than the previous annual reports in terms of numbers and institutional data. It provides expanded sections on financial highlights, sector and thematic work, and knowledge. ADB’s specific assistance to countries and regional programs, lists of trust funds and corporate reports, and organizational structure are also added.

The figures in the report update the provisional operations numbers released by ADB in January.

Continue Reading

Newsdesk

New Funding for Mindanao Trust Fund to Strengthen Peace and Development in Southern Philippines

Newsroom

Published

on

Efforts to bring peace and progress in Mindanao were reaffirmed today following the signing of a new agreement that will build more socioeconomic infrastructure and improve literacy in conflict affected areas.

The new Program Partnership Agreement signed by the Bangsamoro Development Agency (BDA) – the development arm of the Moro Islamic Liberation Front (MILF) – and humanitarian organization Community and Family Services International (CFSI) entrusts the two parties to implement the USD 3.2 million grant with financing from the Mindanao Trust Fund for Reconstruction and Development (MTF).

The Spanish Agency for International Development Cooperation (AECID) also provided complementary funding amounting to 1 million euro to support similar activities.

“This new partnership agreement strengthens Normalization under the Comprehensive Agreement on the Bangsamoro. It will help improve the quality of life of people in conflict-affected areas through community participation and the pursuit of sustainable livelihood within a peaceful, deliberative society,” said Secretary Jesus Dureza, Presidential Adviser on the Peace Process. “For four years, we have been reaching out to our fellow Filipinos in the south, touching lives and taking ‘peace by piece’ steps towards a developed Bangsamoro.”

Established in 2006 with support from development partners including the Australia, Canada, European Union, Sweden, New Zealand, and the United States, and administered by the World Bank, the MTF consolidates international development assistance for the socioeconomic recovery of conflict-affected communities in Mindanao and seeks to build confidence in the normalization process with the MILF.

From 2006 to 2017, development partners have provided PHP 1.4 billion (USD 28.9 million) to the program. Within this period, results delivered by the MTF-Reconstruction and Development Project include 573 projects that improved infrastructure, strengthen livelihoods and functional literacy in 315 conflict-affected communities across 75 municipalities. Nearly 650,000 people now benefit from clean water, better roads, and more post-harvest facilities and access to farming and fishing equipment.

“The support of the Philippine government and development partners towards projects that strengthen the Bangsamoro’s capacities to improve their socioeconomic conditions reinforce people’s trust on the Bangsamoro peace process and the passage of the Bangsamoro Basic Law,” said MILF Peace Implementing Panel Chair Mohagher Iqbal.

The project also supported activities to improve livelihoods, infrastructure, and basic literacy in the Six Acknowledged MILF Camps: Camps Abubakar, Omar, Rajamuda, Badre, Bushra, and Bilal. The decision of Secretary Dureza of OPAPP, the MILF, and development partners to further intensify these efforts through the MTF highlight the partners’ commitment to peace and development in Mindanao.

“Greater economic opportunity and access to basic services foster hope in conflict-affected areas, which can build understanding and collaboration among community members. The World Bank is committed to supporting efforts that enhance the prospects for peace in Mindanao,” said Mara K. Warwick, World Bank Country Director for Brunei, Malaysia, Philippines and Thailand.

“Australia is a longstanding supporter of peace and development in Mindanao, and is proud to be a partner for change in the second phase of the Mindanao Trust Fund,” said Australian Ambassador Amanda Gorely. “As the first phase has already shown, the socio-economic infrastructure and literacy projects it will provide can have a remarkable impact for communities in Muslim Mindanao.”

“One of the biggest challenges for development policies is to tackle the most vulnerable communities affected by multiple conflicts and threats; to not leave them behind. This complex aim needs joint resources from national and international stakeholders following a sound local leadership. MTF has acted as a valuable driver of such efforts,” said Juan Pita, General Coordinator of AECID.

The MTF has a steering committee that oversees the implementation and evaluation of the program. It is chaired by OPAPP, BDA, and the World Bank, which also serves as the trust fund secretariat.

Continue Reading

Latest

Newsletter

Trending

Copyright © 2018 Modern Diplomacy