PARIS: World leaders met in Paris Tuesday seeking to unlock more money to drive the global economy’s shift to green energy, exactly two years after signing a global pact to avert worst-case-scenario global warming.
Without trillions of dollars invested in clean energy technology, the Paris Agreement’s goal to keep global warming below two degrees Celsius (3.6 degrees Fahrenheit) over pre-industrial levels will remain a pipe dream, participants warned.
“While the challenge is great, we must do everything in our power to meet it. We know it is the difference between life and death for millions of vulnerable people around the world,” said Frank Bainimarama, the prime minister of Fiji who presided over UN climate talks in Bonn last month.
“There are trillions of dollars sitting in private investment institutions... and they are all looking for opportunities to earn a return. We must unlock that finance,” he told delegates.
French President Emmanuel Macron gathered some 60 world leaders, partly in response to US President Donald Trump’s announcement in June that he would pull America out of the Paris pact which had taken nearly 200 nations more than two decades to negotiate.
About 200 protesters gathered in the Paris streets, meanwhile, demanding that France pays “not a single euro more for fossil energy.”
Mankind’s voracious burning of oil, coal and natural gas is blamed for planet-warming greenhouse gases that have caused the average global temperature to rise by about 1 C to date.
On current emissions trends, the world was on course for warming of 3 C, experts warn, with life- and asset-threatening superstorms, sea-level rise, floods and droughts the result.
Trump, who has described climate change as a “hoax,” has withdrawn billions of dollars in climate finance — including an outstanding $2 billion out of $3 billion the US, under his predecessor Barack Obama, had pledged toward the Green Climate Fund.
Macron Tuesday called for “much stronger mobilization” by remaining partners.
“We are very far from the goal of the Paris agreement of limiting the rise in temperatures to below a two-degree threshold,” he told Le Monde newspaper.
UN climate chief Patricia Espinosa warned political action “will not be enough if we do not update and reset the global finance architecture and make all development low-emission, resilient, and sustainable.”
Money has long been a sore point in the UN climate process, with developing nations insisting on aid to ease the costly shift to less-polluting energy sources, and to shore up defenses against climate-change induced weather disasters.
In the absence of climate champion Obama, who helped push the Paris pact over the finish line, American businesses, regions and local government leaders have taken up the cudgels, and were represented in Paris by the likes of former New York mayor Michael Bloomberg, ex-governor of California Arnold Schwarzenegger, and Microsoft founder Bill Gates.
“It doesn’t matter that Donald Trump backed out of the Paris Agreement, because the private sector didn’t drop out, the public sector didn’t drop out, universities didn’t drop out, no one dropped out,” Schwarzenegger, now the face of the R20 network regional climate actors, said in Paris.
“We at the subnational level, we’re going to pick up the slack.”
Among the leaders in attendance Tuesday were UN chief Antonio Guterres, World Bank President Jim Yong Kim, Mexico’s Enrique Pena Nieto, Theresa May of Britain, and Spain’s Mariano Rajoy.
Trump was not invited, and the US — the world’s biggest historical emitter of planet-warming greenhouse gases — was represented by an embassy official.
Also absent were the leaders of major polluters China, India, Brazil, Russia and Canada, Germany’s Angela Merkel, and European Commission President Jean-Claude Juncker.
China’s chief climate negotiator Xie Zhenhua reaffirmed Beijing’s commitment to a clean energy transition, detailing national projects underway.
“Concerning the fight against climate change, China has accomplished many things, things that are necessary for its sustainable development,” he told the meeting.
Rich nations pledged in 2009 to muster $100 billion per year in climate finance for developing nations from 2020.
On 2015 trends, total public financing would reach about $67 billion by that date, according to a report of the Organization for Economic Cooperation and Development (OECD).
The International Energy Agency estimates that investments of some $3.5 trillion per year in the energy sector will be needed to 2050 to stay under the 2 C limit — double current spending.
Former UN chief Ban Ki-moon urged nations to agree on a program toward the $100-billion goal by next year.
“This is huge but I think it can be done if there is the political will,” he told AFP.
“In addition to this public funding there should be much more money, maybe in the amount of trillions of dollars, through globally managed banks or capital markets or institutional investors for infrastructure to be eco-friendly and climate-resilient.”
French insurer Axa announced Tuesday it would speed up its move away from the carbon sector, divesting some €2.5 billion $2.9 billion).
World leaders in Paris seek cash for climate crunch
World leaders in Paris seek cash for climate crunch
COP29 draft deal would have rich nations pay $300 billion in climate finance
- EU, US, others raised their offer after earlier draft rejected
- Climate talks run into overtime. Talks reach deal on carbon credits
BAKU, Azerbaijan: Developed nations should pay $300 billion a year by 2035 to help poorer countries deal with climate change, according to a new draft deal from UN climate talks published early on Sunday, after an earlier target of $250 billion was rejected.
Reuters previously reported that the European Union, the United States and others wealthy countries would support the $300 billion annual global finance target in an effort to end a deadlock at the two-week summit.
The document, described as a draft decision rather than a draft negotiating text like previous iterations, said nations had decided to set a goal “of at least $300 billion per year by 2035 for developing country Parties for climate action.”
The decision would need to be adopted by consensus before becoming final.
The COP29 climate conference in the Azerbaijan capital Baku had been due to finish on Friday, but ran into overtime as negotiators from nearly 200 countries struggled to reach consensus on the climate funding plan for the next decade.
At one point delegates from poor and small island nations walked out of talks in frustration over what they called a lack of inclusion, and amid concerns fossil fuel producing countries were seeking to water down aspects of the deal.
The summit cut to the heart of the debate over the financial responsibility of industrialized countries, whose historical use of fossil fuels has caused the bulk of greenhouse gas emissions, to compensate others for the damage wrought by climate change.
It also laid bare the divisions between wealthy governments constrained by tight domestic budgets and developing nations reeling from the costs of worsening storms, floods and droughts.
Fiji’s Deputy Prime Minister Biman Prasad told Reuters he was optimistic for an eventual agreement in Baku.
“When it comes to money it’s always controversial but we are expecting a deal tonight,” he said.
The new goal is intended to replace developed countries’ previous commitment to provide $100 billion per year in climate finance for poorer nations by 2020. That goal was met two years late, in 2022, and expires in 2025.
A previous $250 billion proposal drawn up by Azerbaijan’s COP29 presidency was rejected as too low by poorer countries, which have warned a weak deal would hinder their ability to set more ambitious greenhouse gas emissions cutting targets.
Countries also agreed Saturday evening on rules for a global market to buy and sell carbon credits that proponents say could mobilize billions of dollars into new projects to help fight global warming.
What counts as developed nation?
Negotiators have been working to address other questions on the finance target, including who is asked to contribute and how much of the funding is provided as grants, rather than loans.
The roster of countries required to contribute — about two dozen industrialized countries, including the US, European nations and Canada — dates back to a list decided during UN climate talks in 1992.
European governments have demanded others join them in paying in, including China, the world’s second-biggest economy, and oil-rich Gulf states.
Donald Trump’s US presidential election victory this month has also cast a cloud over the Baku talks.
Trump, who takes office in January, has promised to again remove the US from international climate cooperation, so negotiators from other wealthy nations expect that under his administration the world’s largest economy will not pay into the climate finance goal.
A broader goal of raising $1.3 trillion in climate finance annually by 2035 — which would include funding from all public and private sources and which economists say matches the sum needed — was included in the draft deal.
Warrants of ICC are binding, Borrell says
- I have the right to criticize the decisions of the Israeli government without being accused of antisemitism
NICOSIA: EU governments cannot pick and choose whether to execute arrest warrants issued by the International Criminal Court against two Israeli leaders and a Hamas commander, the EU’s foreign policy chief said on Saturday.
The ICC issued the warrants on Thursday against Israeli Prime Minister Benjamin Netanyahu, his former defense minister Yoav Gallant, and Hamas leader Ibrahim Al-Masri for alleged crimes against humanity.
All EU member states signed the ICC’s founding treaty, the Rome Statute.
Several EU states have said they will meet their commitments under the statute if needed, but Hungarian Prime Minister Viktor Orban has invited Netanyahu to visit his country, assuring him he would face no risks if he did so.
“The states that signed the Rome convention must implement the court’s decision. It’s not optional,” Josep Borrell, the EU’s top diplomat, said during a visit to Cyprus for a workshop of Israeli and Palestinian peace activists.
Those same obligations were also binding on countries aspiring to join the EU, he said.
“It would be very funny that the newcomers have an obligation that current members don’t fulfill,” he said.
The US rejected the ICC’s decision and Israel said the ICC move was antisemitic.
“Every time someone disagrees with the policy of one Israeli government — (they are) being accused of antisemitism,” said Borrell, whose term as EU foreign policy chief ends this month.
“I have the right to criticize the decisions of the Israeli government, be it Mr. Netanyahu or someone else, without being accused of antisemitism. This is not acceptable. That’s enough.”
In their decision, the ICC judges said there were reasonable grounds to believe Netanyahu and Gallant were criminally responsible for acts including murder, persecution, and starvation as a weapon of war as part of a “widespread and systematic attack against the civilian population of Gaza.”
The warrant for Al-Masri lists charges of mass killings during the Oct. 7, 2023, attacks. Israel says it has killed Al-Masri.
Turkiye’s President Recep Tayyip Erdogan has praised the “courageous decision” of the International Criminal Court to seek the arrest of Netanyahu and Gallant.
“We support the arrest warrant. We consider it important that this courageous decision be carried out by all country members of the accord to renew the trust of humanity in the international system,” Erdogan said in a speech in Istanbul.
“It is imperative that Western countries — who for years have given the world lessons on law, justice, and human rights — keep their promises at this stage,” added Erdogan, whose country is not a state party in the ICC accord.
Erdogan has become a fierce critic of Israel since the start of its military offensive on Gaza in October 2023.
He has vowed several times to make sure that Israel’s prime minister is “brought to account” over the Israeli military campaign in the Palestinian territory.
Turkiye and 52 other countries this month sent a letter to the UN demanding an end to arms sales and deliveries to Israel.
Mozambique opposition leader Mondlane sets conditions for post-election talks
- We are open to dialogue. It has to be a genuine dialogue. It cannot be full of traps
MAPUTO: Mozambique’s opposition leader said he would accept the president’s offer of talks after deadly post-election unrest on terms including their being held virtually and legal proceedings against him being dropped.
President Filipe Nyusi invited Venancio Mondlane to his office in Maputo on Nov. 26 after the killing of dozens of people in a police crackdown on demonstrations against the results of the Oct. 9 election.
Mondlane, who says the election was rigged in favor of Nyusi’s Frelimo party, is believed to have left the country for fear of arrest or attack, but his whereabouts are unknown.
“We are open to dialogue,” Mondlane said in a Facebook live address. “It has to be a genuine dialogue. It cannot be full of traps.”
A written reply to Nyusi’s invitation lists as one condition for the meeting: “That the participation of the elected candidate Venancio Mondlane is virtual.”
Authorities have laid criminal and civil charges against him, including for damages caused during protests by his supporters, which has led to his bank accounts being frozen.
Another condition in the document made public by Mondlane’s office is that “the judicial proceedings in question must be immediately terminated.” It also lays out 20 points that Mondlane wants on the agenda for talks, including “restoring electoral truth” and prosecuting anyone involved in vote-rigging.
Others are a public apology and compensation for the deaths during the demonstrations, as well as constitutional, economic, and electoral reforms.
Rights groups have accused Mozambique authorities of using live ammunition on demonstrators in the country, which has been governed since independence from Portugal in 1975 by Frelimo.
The Center for Democracy and Human Rights civil society group says around 65 people have been killed. Mondlane on Friday gave a toll of more than 60.
Nyusi said Tuesday 19 people had died, including five police officers.
The president is meant to hand over to Frelimo candidate Daniel Chapo in January, whom the election authority says won 71 percent of votes against 20 percent for Mondlane.
The unrest was discussed Wednesday by regional leaders at a summit of the 16-nation Southern Africa grouping Southern African Development Community, or SADC, which said in a statement afterward that it “extended condolences to the government and people” for the lives lost.
Human Rights Watch criticized the SADC, for failing to denounce Mozambique for excessive use of force.
“SADC has squandered an opportunity to condemn human rights abuses against post-election protesters in Mozambique publicly,” it said in a statement.
The rights watchdog urged the grouping to tell Nyusi’s government to respect the right to peaceful protest and cease using unnecessary and excessive force.
EU recalls its ambassador from Niger
- The EU expresses its profound disagreement with the allegations
NIAMEY: The EU will recall its ambassador from Niger after the country’s ruling military questioned an EU delegation’s management of humanitarian aid meant for flood victims, the European External Action Service, or EEAS, said on Saturday. Niger’s junta issued a statement on Friday accusing the EU ambassador in the West African country of dividing a 1.3 million euro fund to assist flood victims between several international NGOs in a non-transparent manner, and without collaborating with the authorities.
It ordered an audit into the fund’s management as a result.
The EU “expresses its profound disagreement with the allegations and justifications put forward by the transitional authorities,” the EEAS said in a statement.
“Consequently, the EU has decided to recall its ambassador from Niamey for consultations in Brussels.”
Niger has been under military rule since the junta seized power in a 2023 coup.
Afghanistan bets on ‘red gold’ for global market presence
- Afghanistan is the world’s second-largest saffron producer, after Iran
- Afghan saffron has been for years recognized as the world’s best
Kabul: As the saffron harvest season is underway in Afghanistan, traders are expecting better yields than in previous years, sparking hopes that exports of the precious crop, known locally as “red gold,” will help uplift the country’s battered economy and livelihoods.
Afghanistan is the world’s second-largest saffron producer, after Iran, but it ranks first in terms of quality. In June, the Belgium-based International Taste Institute for the ninth consecutive year recognized Afghan saffron as the world’s best.
Saffron is the world’s most expensive spice, selling for about $2,000 per kilogram. Its exports provide critical foreign currency to Afghanistan, where US-imposed sanctions have severely affected the fragile economy since the Taliban took control in 2021.
With this year’s production expected to exceed 50 tons — about double that of the 2023 and 2022 seasons — the government and the Afghanistan National Saffron Union are trying to boost exports abroad.
“The harvest of saffron this year is good. During the first nine months (of 2024), Afghanistan exported around 46 tons of saffron to different countries,” Abdulsalam Jawad Akhundzada, spokesperson at the Ministry of Industry and Commerce, told Arab News.
“Everywhere our traders want to export saffron, we support them in any part of the world through air corridors and facilitating the participation of Afghan traders in national and international exhibitions.”
Known to have been cultivated for at least 2,000 years, saffron is well suited to Afghanistan’s dry climate, especially in Herat, where 90 percent of it is produced. Most of the spice’s trade is also centered in the province, which last weekend inaugurated its International Saffron Trade Center to facilitate exports.
“The new international saffron trade center is established with global standards and will bring major processing and trade companies to one place providing a single venue for farmers to trade their products with the best possible conditions,” Mohammad Ibrahim Adil, head of the Afghanistan National Saffron Union, told Arab News.
The union’s main export market is India, where saffron is a common ingredient in food, followed by Gulf countries — especially Saudi Arabia and the UAE.
“Saffron exports bring the much-needed foreign currency to Afghanistan contributing significantly to stabilization of the financial cycle in the country,” said Qudratullah Rahmati, the saffron union’s deputy head.
The union estimates that saffron contributes about $100 million to the Afghan economy a year.
Most, or 95 percent, of the workers are women, according to the saffron union.
“Saffron production is supporting many families, especially women, during the harvest and processing phase through short-term and long-term employment opportunities. There are around 80-85 registered small and big saffron companies in Herat and the small ones employ four to five people while the bigger ones have up to 80 permanent staff,” said Qudratullah Rahmati, the saffron union’s deputy head.
Harvesting the little purple saffron crocus flowers is heavily labor intensive, as each of them needs to be picked by hand. Once the flowers are picked, their tiny orange stigmas are separated for drying. About 440,000 stigmas are needed to produce one kilogram of the fragrant spice.
The harvest season usually begins between October and November are lasts just a few weeks before the flowers wilt.
