The World Economic Forum on the Middle East and North Africa concluded today with strong expressions of hope for Jordan and the region, as well as recognition that investing in educating young people is critical.
Mirek Dusek, Head of Regional Strategies, Middle East and North Africa, and a Member of the Executive Committee at the World Economic Forum, pointed to the “amazing potential of young people and young companies” across the region who have had such a strong presence during the meeting. “We have seen pockets of excellence, but we feel a new economic model is emerging of entrepreneurship.”
Dusek noted that many of these young start-ups have succeeded despite their environment. “How can we help them to be more sustainable and put them at the core of what this region is about?” he asked.
The Forum has been working for many years facilitating dialogue on the crises facing the region to ensure the right stakeholders are sitting down to address fragility and humanitarian catastrophes and deal with the political picture, Dusek added. Leaders from different faiths also discussed the future of Iraq after the liberation of Mosul from Daesh, as well as the role of clerics in society.
Ghassan Hasbani, Deputy Prime Minister of Lebanon, said he took away ideas about how to continue creating hope for the young people in the region. “We need to show them examples of success and that we are taking the right action to create the right environment for them to stay in the region … and succeed,” he said. “The region is in turmoil and facing political, economic and social challenges,” he added, but young people are a bright light shining. “We want to give them hope by taking proactive action on the legislative and regulatory side, but also on the encouragement and support side, he said. Hasbani praised the Forum’s Global Shapers community, a network of Hubs developed and led by young people with exceptional potential who want to make a contribution to their communities, and the more than 100 Arab start-ups represented at the meeting.
“We need to keep focusing on entrepreneurship at all levels,” he added. “We need to move forward with supporting entrepreneurship and encourage bigger enterprises to be more socially responsible.”
Start-ups face many challenges in the region, but Ambareen Musa, Chief Executive Officer of Souqalmal, United Arab Emirates, said they struggle with two main areas: talent and regulations. “It is extremely hard to find local talent. We need a real investment in education. It is about educating from a young age about entrepreneurship,” she said. “There are new careers coming on board. Education is key to creating sustainable environment now and for the next generation of start-ups.”
The next challenge is regulations. Investors want to know how big the regional market is, Musa added. “There have been a lot of changes, but I would like to see them faster. The dream is one currency, one region and no borders from a talent and regulatory perspective. That will make the expansion of the region for us much, much easier. It will also attract foreign direct investment.” She pointed out that the region has been built on entrepreneurship. Musa noted that the meeting’s common theme was “reform” and a mindset that it is time to move forward and create a sustainable environment.
Sana Hawasly, Chief Executive of Daraty, Syria, works with children in the education sector. “We want education to empower young people to create a lifelong learning opportunity with no restrictions around their educational experience,” she said. “The best way to create this content is make kids feel free to express themselves and do the work they like to do.” Daraty started with electronics to prepare them to build technology. In 2020 and beyond, people will require technical skills. “We are giving them the tools for the next marketplace that will replace what we are facing now,” Hawasly added. “We were amazed at how kids were enthusiastic to do this.”
Hawasly’s main takeaway from the meeting is the enthusiasm venture capitalists and investors expressed and their interest in the Syrian people. “We should bridge the gap between how much technology is going into Syria and the excitement of investors. We have a powerful workforce in Syria and are strong in technology. We have a great lack of opportunity. I will go back with a great hope that the world is waiting for talent from Syria. We have to track the opportunities and do the hard work to get there.”
Khadija Idrissi Janati, Founder and Chief Executive Officer of KMK Groupe, Morocco, and a Co-Chair of the World Economic Forum on the Middle East and North Africa, told participants that digital transformation is here and we need to adapt. But with increasing use of digital, society needs checks and balances. Children need to be exposed to digital technologies and the internet, but there must be trust and the engagement of parents.
“Trust is one of the challenges of the use of society media,” she said. Responsibility is critical. It is also critical to verify the veracity of the information on social media. Idrissi Janati pointed out that Facebook just hired 3,000 people to verify information. “We are aware of the benefits [of digital media], but we also must be aware of the risks,” she said.
Seyed Salih Al-Hakim, Director of the Hikmeh Center for Dialogue and Cooperation in Iraq, pointed to the need to keep religion out of politics and the role of clerics in fostering values. “Today, people have recognized that religion cannot be pushed into politics. It has its own place and cannot be part of the political bazaar,” he said. Although religion is an integral part of people’s lives, “People want to have a civil state. We do not want a religious government; we want a civilian government that respects religion … we have tried political Islam and it was not helpful. In history, when the sacred came into politics, it ruined our politics.”
In post-conflict Iraq, there will be a need to create “a country of citizenship” as there is a need for true reconciliation. A dialogue among a group of clerics called for a review of religious and education institutions, as well as of religious curricula. It is time to pay more attention to youth and the role of women in the region. Al-Hakim called on entrepreneurs starting out to pay attention to values in addition to setting objectives and goals.
World Adds Record New Renewable Energy Capacity in 2020
Global renewable energy capacity additions in 2020 beat earlier estimates and all previous records despite the economic slowdown that resulted from the COVID-19 pandemic. According to data released today by the International Renewable Energy Agency (IRENA) the world added more than 260 gigawatts (GW) of renewable energy capacity last year, exceeding expansion in 2019 by close to 50 per cent.
IRENA’s annual Renewable Capacity Statistics 2021 shows that renewable energy’s share of all new generating capacity rose considerably for the second year in a row. More than 80 per cent of all new electricity capacity added last year was renewable, with solar and wind accounting for 91 per cent of new renewables.
Renewables’ rising share of the total is partly attributable to net decommissioning of fossil fuel power generation in Europe, North America and for the first time across Eurasia (Armenia, Azerbaijan, Georgia, Russian Federation and Turkey). Total fossil fuel additions fell to 60 GW in 2020 from 64 GW the previous year highlighting a continued downward trend of fossil fuel expansion.
“These numbers tell a remarkable story of resilience and hope. Despite the challenges and the uncertainty of 2020, renewable energy emerged as a source of undeniable optimism for a better, more equitable, resilient, clean and just future,” said IRENA Director-General Francesco La Camera. “The great reset offered a moment of reflection and chance to align our trajectory with the path to inclusive prosperity, and there are signs we are grasping it.
“Despite the difficult period, as we predicted, 2020 marks the start of the decade of renewables,” continued Mr. La Camera. “Costs are falling, clean tech markets are growing and never before have the benefits of the energy transition been so clear. This trend is unstoppable, but as the review of our World Energy Transitions Outlook highlights, there is a huge amount to be done. Our 1.5 degree outlook shows significant planned energy investments must be redirected to support the transition if we are to achieve 2050 goals. In this critical decade of action, the international community must look to this trend as a source of inspiration to go further,” he concluded.
The 10.3 per cent rise in installed capacity represents expansion that beats long-term trends of more modest growth year on year. At the end of 2020, global renewable generation capacity amounted to 2 799 GW with hydropower still accounting for the largest share (1 211 GW) although solar and wind are catching up fast. The two variable sources of renewables dominated capacity expansion in 2020 with 127 GW and 111 GW of new installations for solar and wind respectively.
China and the United States of America were the two outstanding growth markets from 2020. China, already the world’s largest market for renewables added 136 GW last year with the bulk coming from 72 GW of wind and 49 GW of solar. The United States of America installed 29 GW of renewables last year, nearly 80 per cent more than in 2019, including 15 GW of solar and around 14 GW of wind. Africa continued to expand steadily with an increase of 2.6 GW, slightly more than in 2019, while Oceania remained the fastest growing region (+18.4%), although its share of global capacity is small and almost all expansion occurred in Australia.
Highlights by technology:
Hydropower: Growth in hydro recovered in 2020, with the commissioning of several large projects delayed in 2019. China added 12 GW of capacity, followed by Turkey with 2.5 GW.
Wind energy: Wind expansion almost doubled in 2020 compared to 2019 (111 GW compared to 58 GW last year). China added 72 GW of new capacity, followed by the United States of America (14 GW). Ten other countries increased wind capacity by more than 1 GW in 2020. Offshore wind increased to reach around 5% of total wind capacity in 2020.
Solar energy: Total solar capacity has now reached about the same level as wind capacity thanks largely to expansion in Asia (78 GW) in 2020. Major capacity increases in China (49 GW) and Viet Nam (11 GW). Japan also added over 5 GW and India and Republic of Korea both expanded solar capacity by more than 4 GW. The United States of America added 15 GW.
Bioenergy: Net capacity expansion fell by half in 2020 (2.5 GW compared to 6.4 GW in 2019). Bioenergy capacity in China expanded by over 2 GW. Europe the only other region with significant expansion in 2020, adding 1.2 GW of bioenergy capacity, a similar to 2019.
Geothermal energy: Very little capacity added in 2020. Turkey increased capacity by 99 MW and small expansions occurred in New Zealand, the United States of America and Italy.
Off-grid electricity: Off-grid capacity grew by 365 MW in 2020 (2%) to reach 10.6 GW. Solar expanded by 250 MW to reach 4.3 GW and hydro remained almost unchanged at about 1.8 GW.
New project to help 30 developing countries tackle marine litter scourge
A UN-backed initiative aims to turn the tide on marine litter, in line with the global development goal on conserving and sustainably using the oceans, seas and marine resources.
The GloLitter Partnerships Project will support 30 developing countries in preventing and reducing marine litter from the maritime transport and fisheries sectors, which includes plastic litter such as lost or discarded fishing gear.
Protecting oceans and livelihoods
“Plastic litter has a devastating impact on marine life and human health”, said Manuel Barange, FAO’s Director of Fisheries and Aquaculture. “This initiative is an important step in tackling the issue and will help protect the ocean ecosystem as well as the livelihoods of those who depend on it.”
Protecting the marine environment is the objective of Sustainable Development Goal 14, part of the 2030 Agenda to create a more just and equitable future for all people and the planet.
The GloLitter project will help countries apply best practices for the prevention and reduction of marine plastic litter, in an effort to safeguard the world’s coastal and marine resources.
Actions will include encouraging fishing gear to be marked so that it can be traced if lost or discarded at sea. Another focus will be on the availability and adequacy of port reception facilities and their connection to national waste management systems.
“Marine litter is a scourge on the oceans and on the planet”, said Jose Matheickal, Head of the IMO’s Department for Partnerships and Projects. “I am delighted that we have more than 30 countries committed to this initiative and working with IMO and FAO to address this issue.”
Five regions represented
The nations taking part in the GloLitter project are in Asia, Africa, the Caribbean, Latin America and the Pacific.
They will also receive technical assistance and training, as well as guidance documents and other tools to help enforce existing regulations.
The project will promote compliance with relevant international instruments, including the Voluntary Guidelines for the Marking of Fishing Gear, and the International Convention for the Prevention of Pollution from Ships (MARPOL), which contains regulations against discharging plastics into the sea.
Climate Finance: Climate Actions at Center of Development and Recovery
The Asian Development Bank (ADB) called access to climate finance a key priority for Asia and the Pacific as governments design and implement a green and resilient recovery from the coronavirus disease (COVID-19) pandemic.
Speaking at the United Kingdom Climate and Development Ministerial—one of the premier events leading up to the United Nations Climate Change Conference (COP 26) in November—ADB President Masatsugu Asakawa said expanding access to finance is critical if developing economies in Asia and the Pacific are to meet their Paris Agreement goals to reduce greenhouse gas emissions and help adapt to the adverse impacts of climate change.
“We can no longer take a business-as-usual approach to climate change. We need to put ambitious climate actions at the center of development,” Mr. Asakawa said. “ADB is committed to supporting its developing member countries through finance, knowledge, and collaboration with other development partners, as they scale up climate actions and push for an ambitious outcome at COP 26 and beyond.”
ADB is using a three-pronged strategy to expand access to finance for its developing members as they step up their response to the impacts of climate change.
First, ADB has an ambitious corporate target to ensure 75% of the total number of its committed operations support climate change mitigation and adaptation by the end of the decade, with climate finance from ADB’s own resources to reach $80 billion cumulatively between 2019 and 2030. ADB has also adopted explicit climate targets under its Asian Development Fund (ADF), which provides grant financing to its poorest members. ADF 13, which covers the period of 2021–2024, will support climate mitigation and adaption in 35% of its operations by volume and 65% of its total number of projects by 2024.
Second, ADB is enhancing support for adaptation and resilience that goes beyond climate proofing physical infrastructure to promote strong integration of ecological, social, institutional, and financial aspects of resilience into ADB’s investments.
Third, ADB is increasing its focus on supporting the poorest and most vulnerable communities in its developing member countries by working with the United Kingdom, the Nordic Development Fund, and the Green Climate Fund on a community resilience program to scale up the quantity and quality of climate adaptation finance in support of local climate adaptation actions.
CoVID-19 Control: Can Pakistan Learn From China?
It has been over a year since the first case of CoVID-19 was confirmed in Pakistan. The tally has reached...
Dual Use Technology Imports Aiding Pakistan’s Covert Nuclear Programme
A recent threat assessment report by the Norwegian security agencies reportedly highlighted the unhindered exploitation of dual use technology by...
World Adds Record New Renewable Energy Capacity in 2020
Global renewable energy capacity additions in 2020 beat earlier estimates and all previous records despite the economic slowdown that resulted...
South Caucasus: Prospects and challenges
During an online conference on the current situation in the South Caucasus, hosted by Rossiya Segodnya news agency, the executive...
The Language of Africa’s Girl Child In Water and Tears
My youth is finished and along with it my bright star, and tears. I stopped thinking of the future. You...
On Friday March 12, 2021, the United Nations adopted the report of the UN Open-Ended Working Group (OEWG) on Developments...
Nobody Wants a War in Donbass
Any escalation is unique in its own way. Right now there’s a combination of unfavorable trends on both sides, which...
Middle East2 days ago
China-Arab Relations: From Silk to Friendship
Energy2 days ago
East Mediterranean Gas Forum and Turkish expansion
Tech News2 days ago
Deloitte Introduces ReadyAI™ Artificial Intelligence-as-a-Service Solution
Economy3 days ago
Will the trade war between China and the United States come to end?
Americas3 days ago
Roads and Rails for the U.S.
Americas3 days ago
Congress and the Biden administration should end FBI immunity overseas
Tech News2 days ago
Positive Tech Solutions Will Forge The Recovery
Economy3 days ago
The “Retail Investor Revolution” in the U.S.