Connect with us

World News

Europe’s one trillion climate finance plan

Avatar photo

Published

on

Find out how Europe aims to fund projects to tackle climate change and support the regions most affected by the transition to a green economy.

Just over a month after the presentation of the European Green Deal, the European Commission presented a detailed proposal on how to finance it. The European Green Deal Investment Plan is designed to attract at least one trillion euros worth of public and private investment over the next decade.

Why it matters

Turning the EU into a climate neutral economy by 2050 will require massive investment in clean energy technologies. To achieve an interim greenhouse gases reduction target of 40% by 2030 would require €260 billion of additional investment a year, according to the Commission’s estimates.

Where the money will come from

Around half of the money should come from the EU’s long-term budget through various programmes that contribute to climate and environment projects, for instance through agricultural funds, the Regional Development Fund, Cohesion Fund, Horizon Europe  and the Life programme.

This in turn would attract an additional €114 billion in co-financing by EU countries. About €300 billion worth of private and public investment is expected to be mobilised through funds from InvestEU and the EU’s Trade Emissions Scheme (ETS)  while another €100 billion should be attracted using the new Just Transition Mechanism, which is designed to support regions and communities that are most affected by a green transition, for instance regions that are heavily dependent on coal.

Just Transition Mechanism

The mechanism will be based on three pillars:

  1. the Just Transition Fund (JTF)
  2. the InvestEU funding stream
  3. loans from the European Investment Bank (EIB) backed by the EU budget

All these instruments are expected to attract €100 billion in public and private investment – money that could be used for workers to learn new skills for jobs of the future, support for businesses to create new employment opportunities as well as investment in clean energy and the insulation of homes.

1. Just Transition Fund

The fund’s investments should help those regions that are particularly dependent on fossil fuels, such as coal, which still is still used for about a quarter of EU power generation. The EU’s coal sector employs 238,000 people in coal mines and power plants in more than 100 European regions from Poland to Spain. In 2015, there were 128 coal mines in 12 EU countries and 207 coal-fired power plants in 21 EU countries.

Presenting the proposal to MEPs on 14 January, Frans Timmermans, the commissioner responsible for the European Green Deal, said: “It’s a message to coal miners in Asturias, Western Macedonia or Silesia, to the peat harvesters in the Irish midlands, Baltic regions relied on oil shale and many more. We know that you face a steeper path towards climate neutrality and we know that the prospect of a different future – a cleaner one – might be a welcoming prospect in general but the road to it looks daunting today. This Just Transition Mechanism of at least €100 billion is a pledge that the EU stands with you in this transition.”

In May 2020, the Commission amended the proposal for the Just Transition Fund, in the context of the Next Generation EU, the EU’s plan for economic recovery, to cope with the impact of the Covid-19 pandemic. The proposed financing of €7.5 billion from the EU long-term budget has been increased to €10 billion, in addition to €30 billion in external revenue from the European Recovery Instrument. The Just Transition Fund will provide grants to social support, economic revitalisation and land restoration projects.

2. Special scheme under InvestEU programme

The InvestEU scheme should prioritise financing for climate projects and mobilise a total of €45 billion of investment in Just Transition projects from 2021 to 2027.

Created in 2018, InvestEU is the EU’s proposed flagship investment programme to boost the European economy.

At the end of May 2020, in the framework of Next Generation EU, the Commission proposed increasing the InvestEU budget and doubling funding for sustainable infrastructure to €20 billion out of the total €75 billion guaranteed from the EU budget.

3. Public sector loan facility

Further funding could come from a public sector loan facility – €1.5 billion in grants from the long-term budget and up to €10 billion in EIB loans – with an additional €25-€30 billion in public authorities’ investments to help regions that are most affected to cope with the costs of decarbonisation.

Funds would go to investments ranging from energy and transport to district heating networks and public transport.

Continue Reading
Comments

World News

Hurricanes and cyclones bring misery to millions, as Ian makes landfall in the U.S.

Avatar photo

Published

on

Hurricane Ian is tracked south of Florida on Sept. 26, 2022, by the National Oceanic and Atmospheric Administration's (NOAA). © NOAA

Hurricane Ian caused devastation across western Cuba and increased its strength and size as it made landfall mid-afternoon local time on Wednesday, in the United States; meanwhile Typhoon Noru underwent an “explosive” intensification before it hit the Philippines, the UN Meteorological agency, WMO, has said.The two tropical cyclones came quick on the heels of Hurricane Fiona, which caused deadly flooding in the Caribbean and was the strongest storm on record to hit Canada. Typhoon Nanmadol, prompted the evacuation of nine million people in Japan.

Fingerprints of climate change

The World Meteorological Organization has reminded that climate change is expected to increase the proportion of major tropical cyclones worldwide, and to increase the heavy rainfall associated with these events.

Meanwhile, sea level rise and coastal development are also worsening the impact of coastal flooding.

“The human and socio-economic impacts of these cyclones will be felt for years,” warned Cyrille Honoré, WMO Director of Disaster Risk Reduction and Public Services branch.

Hurricane Ian

Hurricane Ian slammed into Cuba on 27 September as a Category 3 storm, with sustained winds of 205km/h and even stronger gusts leading to flash flooding and mudslides.

It is estimated that more than three million people have been affected, the UN Resident Coordinator’s Office informed.

According to WMO, Cuban President Miguel Díaz Canel said that the damage caused by Ian will likely be significant, though only preliminary assessments have been carried out.

There were no immediate reports of casualties. But there was severe damage to infrastructure, housing, agriculture, and telecommunications, with power reportedly lost to the entire country. Pinar del Río, the hardest hit province, is home to 75 per cent of the country’s tobacco production – a key export for Cuba – and about 40 per cent of the nation’s bean production.

Florida on high alert

Ian is intensifying rapidly and is now a very strong category 4 hurricane (maximum sustained winds near 155 mph (250 km/h) with higher gusts). It is expected to maintain this intensity.

Ian is the first hurricane to make landfall in mainland United States this season.

The US national weather service warned of catastrophic wind damage near the core of Ian when it moves onshore and of life-threatening storm surge and catastrophic flooding.

The combination of storm surge and the tide will cause normally dry areas near the coast to be flooded by rising waters moving inland from the shoreline, according to expert forecasts. The water could reach up to 12 to 16 feet (3.5 to 4.8 meters) in the worst affected areas.

Heavy rainfall will spread across central and northern Florida through Thursday as it is forecasted to slow its forward motion. Ian is forecast to reach portions of the US Southeast later this week and this weekend (1-2 October).

Catastrophic flooding is expected across portions of central Florida with considerable flooding in, northern Florida, south-eastern Georgia and coastal South Carolina.

Ian poses an exceptional threat because of its size, its strength and its landfall in a heavily populated, low-lying area”, WMO has warned.

Typhoon Noru

Meanwhile, in the eastern hemisphere, Typhoon Noru, known in the Philippines as Karding, hit the northeastern part of the Philippines on 25 September as a “super typhoon” with sustained winds of 195 km/h (121 mph) before tracking across the main island of Luzon on 25 September.

More than two million people live in the worst affected areas, according to a disaster analysis, and nearly 430,000 people were directly impacted. Despite the relatively short space of time for mobilization, thousands of people were successfully evacuated, limiting loss of life.

From 26-27 September, typhoon Noru made its way towards Viet Nam, and intensified once again.

The importance of early warnings

WMO underscored that accurate early warnings and coordinated early action are proving key to limiting casualties during extreme weather events such as Hurricane Ian, Fiona and Thyphoon Noru.

“It is more important than ever that we scale up action on early warning systems to build resilience to current and future climate risks in vulnerable communities,” said WMO Secretary-General Prof. Petteri Taalas.

Continue Reading

World News

Iran: UN condemns violent crackdown against hijab protests

Avatar photo

Published

on

Authorities in Iran must fully respect the rights of protestors calling for justice for Mahsa Amini, the young woman who died in custody after being arrested for allegedly violating strict dress codes, the UN human rights office, OHCHR, said on Tuesday. Later in the day, the UN chief said he was becoming “increasingly concerned” about reports of the death toll rising, “including women and children.”

OHCHR said it was very concerned about the continued violent response to the protests, as well as communications restrictions affecting phones, the internet and social media, Spokesperson Ravina Shamdasani told journalists in Geneva. 

Ms. Amini, 22, was arrested by Iran’s “morality police” in the capital, Tehran, on 13 September, for allegedly not wearing a hijab in full compliance with mandatory requirements.   

She fell into a coma shortly after collapsing at a detention centre and died three days later from a heart attack, according to the authorities.

In his statement released via his Spokesperson, UN Secretary-General António Guterres said he had been following events closely, and he called on security forces to stop using “unnecessary or disproportionate force”.

He appealed for restraint, to avoid any escalation: “We underline the need for prompt, impartial and effective investigation into Ms. Mahsa Amini’s death by an independent competent authority.”

OHCHR’s Ms. Shamdasani noted that the Iranian Government had so far failed to launch an “adequate investigation” into the circumstances surrounding Ms. Amini’s death.  

Wave of demonstrations 

Since her death, thousands have joined anti-government demonstrations throughout the country. 

Security forces have responded at times with live ammunition, and many people have been killed, injured and detained in the protests. 

Violent response to protests 

On Saturday, State media put the number killed at 41, she added. However, non-governmental organizations monitoring the situation have reported a higher number of deaths, including of women and children, and hundreds injured across at least 11 provinces.  

“We are extremely concerned by comments by some leaders vilifying protesters, and by the apparent unnecessary and disproportionate use of force against protesters,” said Ms. Shamdasani. 

“Firearms must never be used simply to disperse an assembly. In the context of assemblies, they should only be used in cases of an imminent threat to life or of serious injury.”   

Number of arrests unknown 

Meanwhile, reports indicate that hundreds of people have also been arrested, including human rights defenders, lawyers, civil society activists, and at least 18 journalists. The Government has not announced the overall number of arrests.  

Ms. Shamdasani reported that in the province of Gilan alone, the police chief said 739 people, including 60 women, had been detained during three days of protests. 

OHCHR called on the authorities to ensure the rights to due process and to release all who have been arbitrarily detained.  

‘Persistent impunity’ for violations 

“We are concerned that the disruption to communications services has serious effects on people’s ability to exchange information, to carry out economic activities and to access public services,” she continued. 

“This undermines numerous human rights, notably the right to freedom of expression. We call on the authorities to fully restore Internet access.” 

OHCHR also expressed concern over “the persistent impunity with respect to human rights violations in Iran”, including the recurring deaths of protesters due to the alleged use of lethal force by security forces in November 2019, July 2021, and May of this year. 

“Our Office reiterates our call upon the Iranian authorities to fully respect the rights to freedom of opinion, expression, peaceful assembly and association, as a State party to the International Covenant on Civil and Political Rights,” said Ms. Shamdasani. 

Continue Reading

World News

South Sudan violence proliferating

Avatar photo

Published

on

Children look out of a window in South Sudan. © UNMISS/Amanda Voisard

Deeply disturbing violence is escalating “all over” South Sudan, top independent UN human rights experts have warned.

Women and girls continue to be gang-raped and survivors have been described as “zombies, physically and emotionally dead”, according to the UN Commission on Human Rights in the world’s youngest nation.

Police the peace

In an alert, Commission chairperson, Yasmin Sooka, said that it was critical for the international community to monitor the country’s peace agreement, along with other reforms – including of the armed forces and the constitution.

Transitional justice bodies are also urgently needed, as per an agreement made four years ago by the country’s Government, the Commission noted.

Without these steps, we are likely to see millions more South Sudanese displaced or crossing borders, creating havoc for neighbouring countries and aid agencies,” Ms. Sooka said.

According to South Sudan’s 2018 peace agreement, elections have been postponed until late 2024.

Death threats

But conditions must be peaceful for a national poll to happen and South Sudanese people “who have questioned the government or exposed atrocities have received death threats, been detained or tortured”, the rights commission explained.

The panel noted that none of the three proposed transitional justice bodies agreed in 2018 have been created, namely the Commission on Truth, Reconciliation and Healing, the Hybrid Court or the Compensation and Reparation Authority.

The independent rights panel – which was established by the Human Rights Council in 2016 – said that “women raped by armed forces while collecting firewood are threatened with death if they report it”.

Often, the police are too ill-equipped to do their job; “they cannot arrest a soldier who is better armed and protected the Commission said in a recent statement.

Justice denied

In a further illustration of the lack of justice for survivors, the rights investigators noted that in Unity State and rural parts of Western Equatoria, “there is no formal court to deal with serious crimes like murder and rape, only customary courts”.

During a visit this month to Western Equatoria, the Commission described seeing “very young girls with babies around military bases” and hearing “multiple accounts of soldiers from both government and opposition forces abducting women”.

Speaking at a Global Survivors Forum in New York at the weekend, hosted by Nobel Peace Prize winners Denis Mukwege and Nadia Murad, to examine best practice for reparations for sexual violence, inquiry Commissioner Andrew Clapham said: “Survivors in South Sudan, particularly those of repeated incidents of sexual violence, tell us again and again that criminal accountability is the only way to guarantee their safety and peace for the country. That’s why setting up the Hybrid Court is non-negotiable.”

Continue Reading

Publications

Latest

South Asia2 hours ago

BJP’s ‘Akhand Bharat’ Dream is Not Only Problematic, Fascist Also

On 7th September, Assam Chief Minister (CM) Himanta Biswa Sarma made a very controversial remark about ‘integrating Bangladesh and Pakistan’....

Finance3 hours ago

Listening to Kazakhstan: Survey Spotlights Challenges Along with Optimism on Economic Prospects

The results of the “Listening to Kazakhstan” survey presented today reveal a challenging period for Kazakhstan’s economic and social outlook...

Tourism5 hours ago

UN urges investment in clean, sustainable tourism

International tourism is showing strong signs of recovery, with tourist numbers rising to 57 per cent of pre-pandemic levels. On...

World News6 hours ago

Hurricanes and cyclones bring misery to millions, as Ian makes landfall in the U.S.

Hurricane Ian caused devastation across western Cuba and increased its strength and size as it made landfall mid-afternoon local time...

South Asia7 hours ago

Floods; A Challenge to Comprehensive National Security of Pakistan

Pakistan is encountering one of the major catastrophic occurrence in the present day history. The colossal floods, along with the...

Energy9 hours ago

U.S. Government Likely Perpetrated Biggest-Ever Catastrophic Global-Warming Event

On September 28th, the AP headlined “Record methane leak flows from damaged Baltic Sea pipelines” and reported that “Methane leaking...

Energy11 hours ago

Solar Mini Grids Could Power Half a Billion People by 2030 – if Action is Taken Now

Solar mini grids can provide high-quality uninterrupted electricity to nearly half a billion people in unpowered or underserved communities and...

Trending