Tuesday, January 21, 2020

Hambach Forest: Germany's sluggish coal phaseout sparks anger

Germany plans to phase out coal power by 2038. The embattled Hambach Forest is now protected, but some villages will still have to make way for the last open-pit mines. Activists and local residents are appalled.
    
It's a sunny, mild day in January, and the birds are singing as if spring has already arrived. Wild boars are roaming through Hambach Forest — the ancient woodland that has now been protected from the ravages of coal mining by the German government. The decision was good news for environmental activists and nearby villagers.
"You get a lot of strength from this powerful climate protection movement. We managed to save 'Hambi' [Hambach Forest — Editor's note], and that's a major achievement for the people who occupied the forest," said Kathrin Henneberger, a spokesperson for the Ende Gelände protest group. "This will give us new strength, which we will need for the ongoing struggle against the climate crisis."
A symbol for the climate movement
Hambach Forest, on the edge of one of Europe's largest open-pit coal mines, has become an important symbol for Europe's climate protection movement. The power plants linked to these massive mines, near the western city of Cologne, release more CO2 into the atmosphere than anywhere else in the European Union.
In 2012, climate activists began building treehouses in Hambach Forest to protest its imminent destruction to make way for the expansion of the nearby mines. Over the years, protests against coal plant operator RWE and the federal and state energy policies became increasingly vocal — and mainstream. The protests reached a high point in the fall of 2018, when tens of thousands of people occupied the forest to demonstrate against coal-powered electricity and called for Germany's compliance with the Paris climate goals.

The village of Manheim has already been emptied out to make way for more mining
Anger, disappointment in nearby villages
Britta Kox is a resident of the village of Berverath, just a few kilometers away from the edge of the Garzweiler open-pit mine. Many nearby villages have been forced to make way for the coal excavators over the last few years. The German government has decided that another six villages must still be razed before coal mining comes to an end in the area. Kox's family will have to move and leave her grandmother's house behind. The news has left her shaken, and disappointed with policymakers.
 
Listen to audio07:38

Living Planet: When will Germany break up with coal?

"I'm stunned, and angry. It's a catastrophic for us villagers. The German government is ruining our climate, and [North Rhine-Westphalia] State Premier [Armin] Laschet wants to destroy our villages. But we live here, and we want to stay," Kox told DW.
"The legislation was negotiated with energy firms at the national level. We, the people who will be affected, were once again completely ignored."
An assessment by the German Institute for Economic Research, said Kox, "shows that the villages can remain, the local forest as well, and that there is already enough coal here in the open-pit mines to last for years, well after 2038." She's relying on the support of the Hambach Forest activists for the preservation of her village, and others nearby. "We will stay, and we will not be driven from our homes, not for love or money," said Kox.
New opportunities for Hambach Forest
Other villages such as Manheim and Morschenich, both located on the fringes of the open-pit mine, have already been boarded up and in part demolished, although a handful of people still live there. With this week's decision on the future of coal, it's unlikely the area will ever see any coal mining — but RWE, which bought out the homeowners, has already made the area nearly uninhabitable, a "fatal" move, said Dirk Jansen of the environmental organization BUND. "It would be cynical to continue this work of destruction, only to end up building superfluous industrial areas here," he said.
But according to Jansen, there's still hope for Hambach Forest, even if only some 550 hectares (2.1 square miles) of the original 4,000 hectares has been spared. "Every square meter deserves to be preserved, because this is a type of forest which is under explicit protection from the EU," he said.
After 150 years of destruction linked to coal mining, Jansen believes Hambach Forest could now become the starting point for a green redevelopment of the Rhine coal mining region. "Groundwater was pumped out to enable coal extraction, and tree roots are dry," he said. However, the soil still has a high capacity to store water, and so the forest has the potential to "store rainwater."
In future, said Jansen, the region would have to be less focused on economic development and more concerned with the preservation of nature and ecological valorization. There was potential for the development of renewable energies, as well as sustainable, ecological agriculture.
In order for Germany to reach its Paris climate protection goals, BUND has said the coal phaseout would have to be completed by 2030, at the latest. But the organization believes jobs in the coal industry could still be preserved for a number of years, in a socially responsible way.

RWE losing out?
The energy giant has been critical of the government's decision to speed up the exit from coal, with Chief Executive Rolf Martin Schmitz saying it would have severe consequences for both employees and the company itself.
"We had permission to extract more than 2.1 billion tons of coal reserves," he said. "More than 1.1 billion tons of those reserves will now remain buried."
"RWE's power plants were built in the 1960s. They're therefore outdated and written off economically by now," said Oliver Krischer, parliamentary leader of the environmentalist Green party. Today, RWE earns around three times as much with renewables as it does with gas and coal power generation, he added.

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  • Date 19.01.2020

Germany: More and more people work multiple jobs

Over 3 million people in Germany work more than one job, many because of financial difficulties. Opposition politicians are calling for a raise to the minimum wage.
   
The number of people in Germany working a second job rose nearly 4% in the space of a year, according to figures from the Federal Employment Agency. They were revealed in response to a Left party request and cited by the Neue Osnabrücker Zeitung on Tuesday.
At the end of June last year, 3,538,000 people in Germany were working multiple jobs. That's 123,600 more than the same time the year before, a rise of 3.62%.
Nearly 3 million people worked a "mini-job" — meaning they earned €450 ($499) or less per month — on the side of a full-time job.
Another 345,400 people had two jobs liable for social security contributions.
Nearly 260,700 people worked a combination of two or more mini-jobs.'One job isn't enough'
According to a study from the trade union-affiliated Hans-Böckler Foundation, 53% of people working multiple jobs in Germany do so because of financial difficulties or a financial emergency.
Left party lawmaker Sabine Zimmermann called for a raise in the minimum wage to €12 per hour "in a first step" towards responding to the trend. Currently the minimum hourly wage is €9.35.
"For more and more workers, the income from one job isn't enough," she said.
She also called for abolishing systematic low-wage employment like temporary agency work and unreasonable fixed-term contracts.

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Thunberg tells Davos 'nothing has been done' to fight climate change

Issued on: 21/01/2020
 
Swedish climate change activist Greta Thunberg attends a session at the 50th World Economic Forum (WEF) annual meeting in Davos, Switzerland, January 21, 2020. REUTERS - DENIS BALIBOUSE

Text by:FRANCE 24

Climate activist Greta Thunberg told the world’s political and business leaders Tuesday that the global movement sparked by her school strike was only the very beginning in the fight against global warming and much more has to be done.

“It wasn’t only me, but all these young people pushing together ... to form these alliances,” the Swedish teenager said, speaking at a panel at the World Economic Forum (WEF) in Davos with other young activists. “People are more aware now... climate and environment are a hot topic now.”

However, Thunberg said, the struggle against climate change will require more than just general awareness.

"We are all fighting for the environment and climate. If you see it from a bigger perspective, basically nothing has been done. It will require much more than this. This is just the very beginning,” she said, adding that everyone needs to listen more to the science regarding climate change and the heating of the planet.

“Without treating it as a real crisis we cannot solve it.”

The "climate heroes" being celebrated by the WEF include Irish teen scientist Fionn Ferreira, who created a solution for preventing micro plastics from reaching oceans.

They also include South African climate activist Ayakha Melithafa, 17, and Canadian Autum Peltier, who has been advocating for water conservation since she was 8 years old.

"The science and voice of young people is not the centre of the conversation, but it needs to be," said Thunberg.

"It is about us and future generations and those who have been affected today," added Thunberg. "We need to bring the science into the conversation."

(FRANCE 24 with AFP, AP, REUTERS)

Opinion: WEF gathering at Davos is no longer so elitist

Davos is a picturesque holiday resort in Switzerland. And, once every year, it hosts the World Economic Forum. The summit is no longer the elitist gathering it once was, writes Manuela Kasper-Claridge.


It's easy to bash the World Economic Forum (WEF). About 3,000 attendees are expected to gather this week for the WEF in Davos, Switzerland — including no fewer than 116 billionaires, the CEOs of multinational corporations and the bankers behind BlackRock. Heads of state such as US President Donald Trump and his Brazilian counterpart, Jair Bolsonaro, will be there, as will heads of government, among them German Chancellor Angela Merkel and Italian Prime Minister Giuseppe Conte.

Once again, it seems, the world's elites are meeting to discuss the global problems they don't really understand. Though it's common to portray the WEF as a summit of aloof leaders, that couldn't be further from the truth. Granted, Champagne is certainly enjoyed in Davos, and I can't rule out some attendees engaging in excessive behavior. But most of those who come to Davos work hard and tirelessly.

Read more: Tackling the gender gap in Davos

The WEF brings together people who would usually make efforts to avoid each other. And many participants tend to be so busy working for their companies or governments that they otherwise don't have time see what's happening elsewhere in the world.

Contrary to what some might expect, topics such as social inequality, climate change and how to make capitalism more just are addressed at the WEF, as are questions of how technology can be marshaled to tackle poverty or how to deal with depression and loneliness. At the WEF, refugees, the chairmen of various boards and representatives of governments share a stage — discussing pressing issues and listening to each other. Representatives of nongovernmental organizations come to Davos, as well, along with prominent climate activists and teenagers who discuss their projects with company bosses.



CLIMATE ACTIVISTS MARCH TO WORLD ECONOMIC FORUM IN DAVOS
Big flack: McDonald's a target of the activists' criticism
Some of the protesters dressed as Ronald McDonald, the character that represents the world renowned fast-food chain. McDonald's has borne the brunt of severe criticism due to being viewed as the epicenter of mass produced food and is one of the largest buyers of beef in the world, an industry that has been targeted by climate activists in the past.
12345

'Our house is on fire'

Klaus Schwab, who founded the WEF, should therefore be congratulated for creating this unique platform — even though it's predominantly about discussions rather than concrete action. This lack of action is the real problem. Many rightly wonder when the issues discussed and announcements made in Davos will finally be implemented.

Read more: Davos braces for Trump-Greta showdown as climate change tops agenda

"Our house is on fire," environmental activist Greta Thunberg said at last year's WEF. She will be in Davos this year, too, to continue pressing for change. Together with several scientists, Thunberg plans to stay in a tent at an altitude of 1,800 meters (5,900 feet) in the surrounding mountains to highlight the impact that climate change is having on the Arctic.

Thunberg, along with other activists, is using Davos to draw attention to global problems — and major corporations are increasingly under pressure to act. Today, simply releasing statements of intent no longer cuts it. And for corporations to pursue maximum profit at all cost is neither sustainable nor sensible. It's time to tackle the growing inequality.

Read more: 'The entire economy thrives on the destruction of nature'

The people attending Davos and the discussions they will hold reflect the global status quo. This is why dialogue and open talks between the participants is so essential — just like the pressure exerted by those who are not part of the so-called global elite


Climate protest march to Davos begins (AFP/F. Coffrini)

CLIMATE ACTIVISTS MARCH TO WORLD ECONOMIC FORUM IN DAVOS

'Strike for the climate'

A woman wears a hat with a badge reading "strike for the climate" as the crowds gathered at the beginning of the hike. The phrase has become synonymous with Greta Thunberg and her climate change movement that began 18 months ago.
Author: John Silk

Davos elite gathers amid climate change, populism

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Davos elite gathers amid climate change, populism


Date 21.01.2020
Davos braces for Trump-Greta showdown as climate change tops agenda

It's the first time the two are attending the same event since the teenager famously stared down Trump at the UN last year. The annual jamboree is taking place against the backdrop of Australia's worst ever bushfires.


Teenage climate activist Greta Thunberg returns to the Swiss ski resort of Davos for the 2020 World Economic Forum with a strong and clear message: put an end to the fossil fuel "madness."

Thunberg's missive is aimed at, among others, US President Donald Trump, who in the past has mocked the Swedish environmental campaigner, saying she has an "anger management problem." Trump, who is among the most prominent climate change skeptics, is returning to Davos after giving it a miss in 2019 due to a government shutdown.

It's the first time Trump and Thunberg would be present at the same event since last year's United Nations climate change summit in New York, where the teenager could be seen staring down the US president as the two briefly crossed paths.

Later, Thunberg — named Time magazine's Person of the Year 2019 — told the BBC that she "wouldn't have wasted [her] time" talking to Trump about the climate crisis at the UN event.

"Honestly, I don't think I would have said anything because obviously he's not listening to scientists and experts, so why would he listen to me," she said.


Greta Thunberg hits back at critics

'State of emergency'

Thunberg, who famously told Davos participants last year that "our house is on fire," has, however, found support among the organizers of the World Economic Forum, including its 81-year-old founder Klaus Schwab, who said the world is facing "a state of emergency."

"We do not want to reach the tipping point of irreversibility on climate change," Schwab told reporters on Tuesday. "We do not want the next generations to inherit a world, which becomes ever more hostile and ever less habitable — just think of the wildfires in Australia," he said.

An annual risks survey published by the WEF on Wednesday put climate and other environmental threats ahead of risks posed by geopolitical tensions and cyberattacks. It's the first time that the survey found the top five long-term risks were all environmental, from extreme weather events to businesses and governments failing to mitigate and adapt to climate change.

Stakeholder capitalism

Sustainability is the main theme at this year's Davos meeting, taking place at a time the world is grappling with global warming becoming worse because of growing divisions among nations and businesses on how to tackle it.

The meeting, which will see over 50 heads of state and government, including German Chancellor Angela Merkel and Italian Prime Minister Giuseppe Conte, descend on the Alpine resort, seeks to give concrete meaning to "stakeholder capitalism" — a concept that businesses should serve the interests of all society rather than simply their shareholders.

"Business has now to fully embrace stakeholder capitalism, which means not only maximizing profits, but use their capabilities and resources in cooperation with governments and civil society to address the key issues of this decade," Schwab said. "They have to actively contribute to a more cohesive and sustainable world."
Davos 2020 by the numbersAbout 3,000 participants from nearly 120 countries. One in four participants is a woman53 heads of state and governmentNearly 1,700 business leaders, including CEOs from 8 of the 10 most valuable companies in the worldOver 350 sessions and workshops88% of the cars used by the WEF are electric or hybrid

2019: CLIMATE PROTESTS TAKE CENTER STAGE AS THE WORLD BURNS
January: Germany sets coal end date 
https://www.dw.com/en/germany-to-stop-using-coal-by-end-of-2038/a-47244572
After lengthy talks, a government-appointed commission announces Germany plans to stop producing energy from coal-fired plants by 2038. Climate campaigners say it's too little, too late. Germany currently generates nearly 40% of its electricity from coal and has failed to meet targets set under the 2015 Paris climate agreement. The anticipated phaseout cost: €40 billion ($44 billion).
1/12


Greener Davos

The annual jamboree — which is marking its golden jubilee this year — has often been criticized for its own carbon footprint, mainly left behind by leaders flying in their private jets.

The WEF, on its part, is touting that this year's meet would be among the most sustainable international summits ever held. It promises to buy carbon credits to offset flights, line up more electric vehicles and offer locally-sourced food.

"It is something we take very seriously,'' Adrian Monck, the WEF's managing director, told reporters. "There is nothing worse than an organization identifying a risk and doing nothing about it."

The WEF plans to launch a scheme using public and private funds to plant 1 trillion trees by the end of this decade.

Geopolitical tensions

The summit that runs from Tuesday to Friday this week would also focus on issues such as global trade wars, inequality, record debt levels and geopolitical tensions in the Middle East.

While key leaders from Iraq, the Palestinian Authority, Pakistan and Afghanistan are expected to attend the event, Iranian Foreign Minister Mohamad Javad Zarif will not be present as Tehran deals with protests following the downing of a Ukrainian passenger jet.

Zarif's cancelation also comes against the backdrop of rising tensions in the Middle East since US air strikes killed Qassem Soleimani, a top Iranian general, earlier in the month.

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TAAL TALES
Signs of life at 'no-man's land' around Philippine volcano

Issued on: 21/01/2020 

Taal (Philippines) (AFP)

A desolate landscape of ash dunes and bare trees left by the eruption of the Philippines' Taal volcano lay in contrast with a few signs of life at ground zero of the disaster on Tuesday.

The island site was buried by massive deposits of ash when Taal erupted last week and remains under a mandatory evacuation order due to a feared bigger blast.

Yet about a dozen white cows milled near dust-blanketed homes, and several brightly coloured boats were docked at the shore on Tuesday, according to an AFP reporter taken on a rare military flight around the area.

Thin plumes of steam rose from the crater.

Authorities have said any outward signs of an imminent eruption have been weak over the past several days.

But scientists warn the volcano is still at risk of a major blast, and more than 110,000 people have taken refuge in shelters away from danger.

At least 3,000 who lived on the island were ordered out, though many have made trips back to rescue livestock or fetch items from their homes.

Many families previously offered services catering to the tourists who visited the volcano -- a popular attraction in the Philippines despite the risk of eruption.

The government has said it is now working on a plan to permanently relocate them, and turn the island into what officials have called a no-man's land.

© 2020 AFP
'We are in a dark tunnel': Lebanese fear economic collapse more than the Iran-U.S. conflict

Lebanon has been without a government since October as many people struggle to make ends meet


Margaret Evans · CBC News · Posted: Jan 10, 2020 

Police officers stand guard as protesters knock down the fencing outside of Lebanon Central Bank during an anti-government protest in Beirut back in November. (Andres Martinez Casares/Reuters)


"Now we are in a dark tunnel and we don't know what is happening or where we are going."

So said an old friend and driver in Beirut as Iran and the U.S. faced each other down in the immediate aftermath of the killing of Maj.-Gen. Qassem Soleimani, the head of Iran's elite Quds Force, in a U.S. drone strike in Baghdad a week ago.

He wasn't referring to that crisis though. Lebanon has too much history perched on the edge of wider regional conflicts to be too rattled by fears of another.

He was talking about Lebanon's economic and financial crisis, the worst since civil war ravaged the country between 1975 and 1990.

The Lebanese pound has depreciated by more than 30 per cent against the U.S. dollar since September.

And capital controls imposed by the banks are drastically limiting how much money people can withdraw, leaving many struggling to pay rent and put food on the table.

Ask people on the streets here about "the situation" and that's what they think you're talking about.


The roundabout leading to Hadi Nasrallah Boulevard in south Beirut, where posters of Iranian general Qassem Soleimani went up immediately after he was killed by a U.S. drone strike in Iraq. (Stephanie Jenzer/CBC)

"The most dangerous thing in Lebanon is economic collapse," said Makram Rabah, a political analyst, historian and lecturer at the American University of Beirut.

Lebanon has been without a government since the end of October, when protests against corruption and mismanagement forced the resignation of Prime Minister Saad al-Hariri.

The Sunni leader of the Future party, whose father, Rafik Hariri, was assassinated in 2005, is allied with Western nations and the Gulf states.


Sarah Ayoub, a 21-year-old student, says she isn't confident the protests that ousted Lebanon's prime minister have solved the country's corruption problems. (Stephanie Jenzer/CBC)

"They're acting so selfish — all of them," said 21-year-old student Sarah Ayoub, referring to the political elite she demonstrated against.

The protests were remarkable in that they crossed the sectarian lines that tend to define Lebanese politics, drawing demonstrators from the Sunni, Christian, Druze and Shia communities. They were united in their opposition to what they see as rampant cronyism, nepotism and influence peddling.

"We have to change the system and the laws so that there's less favouritism," Ayoub said. "And if we're all equal in that matter, without someone having an advantage because of who they know, then something will improve."


An anti-government protester shouts slogans during a protest against the ruling elite over corruption and mismanagement, in downtown Beirut last month. (Hussein Malla/The Associated Press)

Rabah focuses the blame on Iran and its Lebanese acolyte, Hezbollah, the Shia paramilitary group and powerful political party that exerts considerable sway in Lebanon.

"Iran has hijacked these states from within, which has exposed their economies," he said, referring also to Iraq, where anti-corruption protests were fuelled in part by anger over Iranian meddling in the country's affairs.

How the U.S. got to the brink of war with Iran

Iran has funded militias inside Iraq. It has also helped arm and fund Hezbollah in Lebanon, boosting its power.

Before his death, Soleimani was accused of ordering a deadly crackdown on the protests in Baghdad.

"Soleimani is someone who was spreading chaos and destruction in the region," said Rabah. "I do not support any kind of assassination, but at the end of the day, he got what he deserved in the sense that you live by the sword, you die by the sword."


Historian and political analyst Makram Rabah says the top concern in Lebanon isn't the tension and violence between the U.S. and Iran in the region, it's the risk of economic collapse. (Stephanie Jenzer/CBC)

But in south Beirut, Hezbollah heartland, there are huge billboards bearing Soleimani's image hanging from freeway overpasses and on the sides of apartment buildings, sharing the streets with pictures of Iran's ayatollahs.

"[Soleimani] is a loss because he has been fighting against terrorism and ISIS in Lebanon and Syria and Iran," said Ahmad Nasser, a father out walking with his nine-year-old daughter on Hadi Nasrallah Boulevard.

The street is named after Hezbollah Secretary General Hassan Nasrallah's son, who was killed during a guerrilla raid against Israeli forces in southern Lebanon in 1997.


Billboards of Gen. Qassem Soleimani, the leader of Iran's Quds Force who was recently killed in a U.S. drone strike in Iraq, line the highway leading to Beirut's international airport. The signs describe Soleimani as 'the Leader of the Martyrs of the Axis of Resistance.' (Stephanie Jenzer/CBC)

Nasser is also worried about the country's economy, but he says Hezbollah must be a part of any solution.

"Hezbollah is a part of the social composition of Lebanon and has to be in government," he said.

ANALYSIS What's next in the conflict between the U.S. and Iran

Nasser supported the anti-government protests in the fall but says he has since changed his mind, fearful of a power vacuum developing.

It could also be because the man chosen to lead a new government, Hassan Diab, has the backing of Hezbollah.

Diab has so far failed to win support from al-Hariri, or from Christian factions worried that his association with Hezbollah, already the target of U.S. sanctions, will deter much-needed international investment in Lebanon.


Ahmad Nasser, out for a walk with his daughter, Nagham, says he's worried about Lebanon's economy. (Stephanie Jenzer/CBC)

After Soleimani's death, Nasrallah warned that U.S. soldiers would be returned home in coffins in retaliation.

Earlier this week, Iran launched missile strikes against military bases in Iraq housing U.S. troops, none of whom were injured. Hours later, a Ukraine International Airlines flight crashed shortly after taking off from Tehran, killing 176 people, including 57 Canadians — revised down from an earlier estimate of 63. Both Canada and the U.S. believe an Iranian missile shot down the plane — a claim Iran denies.

Like the United States, Canada considers Hezbollah a terrorist group.

But it is also an important part of the social fabric in large parts of Lebanon.

"They're not going away. It's not like there are 10 people and we can deport them," said economist and political analyst Kamel Wazne.

"They have representatives in parliament and municipalities and they're a powerful organization and it's very well structured."


Economist and political analyst Kamel Wazne says Hezbollah is a powerful force in Lebanon that's not going away. (Stephanie Jenzer/CBC)

Wazne says Lebanon will count on the Lebanese population abroad to help the country out of its economic crisis.

There have also been calls to create a government of experts to help solve the problem.

But 21-year-old Ayoub doesn't have much confidence that what's currently being negotiated is much more than a portfolio shuffle.

"We were on the street for 70 days and we still couldn't [overthrow] them," she said.


U.S. President Donald Trump delivers remarks to troops in an unannounced visit to Ain Assad airbase, Iraq, on Dec. 26, 2018. (Jonathan Ernst/Reuters)

When she does turn her mind to the recent escalation of tension between Iran and the U.S., she says American President Donald Trump has done well for himself by putting his country first.

Ayoub says she'd like to see Lebanon's leaders focus more on putting the country and its people ahead of politics.

"If politicians in Lebanon were behaving the same way that Trump is behaving, we wouldn't have revolted against them."

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ABOUT THE AUTHOR


Margaret Evans

Europe correspondent

Margaret Evans is a correspondent based in the CBC News London bureau. A veteran conflict reporter, Evans has covered civil wars and strife in Angola, Chad and Sudan, as well as the myriad battlefields of the Middle East.
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Davos financiers pump $1.4 Trillion into fossil fuels: Greenpeace

Issued on: 21/01/2020 

Paris (AFP)

Some of the world's biggest banks, insurers and pension funds have collectively invested $1.4 trillion in fossil fuel companies since the Paris climate deal, Greenpeace said Tuesday at the start of the World Economic Forum in Davos.

With the climate emergency expected to be front and centre at the annual summit of the world's business elite, the charity accused some institutions in attendance of failing to live up to the Forum's goal of "improving the state of the world".

Greenpeace analysed the portfolios of 24 of the banks represented at Davos and found that they had financed the fossil fuel industry to the tune of $1.4 trillion since the landmark 2015 Paris deal.

That accord enjoins nations to limit global temperature rises to "well below" two degrees Celsius (3.6 Farenheit) through a rapid and wide-ranging drawdown of planet-warming carbon emissions.

The United Nations' Intergovernmental Panel on Climate Change (IPCC) -- the world's leading authority on the subject -- says that for a better-than-even chance of reaching the safer Paris cap of 1.5C, oil and gas consumption would need to decline 37 percent and 25 percent respectively by 2030.

The IPCC says coal use must fall two thirds by 2030 and fall to virtually zero by mid-century to keep Earth on a 1.5-C path.

Yet carbon emissions are growing every year as global energy demand surges, and the International Energy Association said Monday that fossil fuel companies are still only investing 0.8 percent of their spending in renewables.

Jennifer Morgan, executive director of Greenpeace International, said financial institutions were complicit in climate change by funding the fuels that drive it.

"Banks, insurers and pension funds are as culpable for the climate emergency as the fossil fuel industry -- specifically those that go to Davos," Morgan told AFP.

"These Davos players say they support the Paris agreement but since its signing they've pumped $1.4 trillion into fossil fuels."

- 'Propping up dirty energy' -

The Greenpeace report found that just 10 banks had provided $1 trillion to fossil fuels since Paris. That same amount could pay to double the world's solar power capacity.

It also identified three pension funds with at least $26 billion in fossil fuel holdings, and alleged that four of the world's biggest insurance firms -- AIG, Prudential, Sompo and Tokio marine -- had no publicly disclosed policies to divest from fossil fuels."The fossil fuel industry needs the finance sector but its not the same the other way around, so why are these bank, insurers and pensions propping up dirty energy?" asked Morgan, who will be participating in the four-day Davos forum.

Last year green groups issued the Fossil Fuel Finance Report Card, identifying a rise in funding for coal, oil and gas each year since Paris was signed.

"The massive scale at which global banks continue to pump billions of dollars into fossil fuels is flatly incompatible with a liveable future," said Alison Kirsh, climate and energy lead researcher at Rainforest Action Network.

© 2020 AFP



Climate change to take centre stage at Davos

Issued on: 21/01/2020

European Commission President Ursula von der Leyen speaks during 
the opening of the 50th World Economic Forum (WEF) in Davos,
 Switzerland January 20, 2020. © 
REUTERS/Denis Balibouse

Text by:NEWS WIRES

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The starkly opposed visions of US President Donald Trump and Swedish teen activist Greta Thunberg on climate change will clash in Davos on Tuesday as the World Economic Forum tries to face up to the perils of global warming on its 50th meeting.

The four-day gathering of the world's top political and business leaders in the Swiss Alps gets under way seeking to meet head-on the dangers to both the environment and economy from the heating of the planet.

Trump, who has repeatedly expressed scepticism about climate change, is set to give the first keynote address of Davos 2020 on Tuesday morning, on the same day as his impeachment trial opens at the Senate in Washington.

Around the same time, Thunberg will also attend a meeting at the forum, where she is expected to underline the message that has inspired millions around the world -- that governments are failing to wake up to the reality of climate change.

The forum's own Global Risks report published last week warned that "climate change is striking harder and more rapidly than many expected" with global temperatures on track to increase by at least three degrees Celsius (5.4 degrees Fahrenheit) towards the end of the century.

There are no expectations that the two, who have exchanged barbs through Twitter, will actually meet, but the crowded venue and intense schedule mean a chance encounter cannot be ruled out.

When Trump and his entourage walked through UN headquarters last year at the annual General Assembly, a photo of the teenager staring in apparent fury at the president from the sidelines went viral.

'No turning point'

Sustainability is the buzzword at the forum, which began in 1971, with heel crampons handed out to participants to encourage them to walk on the icy streets rather than use cars, and the signage paint made out of seaweed.

Trump's opposition to renewable energy, his withdrawal from the Paris climate accord negotiated under his predecessor Barack Obama, and the free hand extended to the fossil fuel industry puts him at odds with the entire thrust of the event.

"Climate change is a hot topic at Davos," said Chris Williamson, chief business economist at IHS Markit, adding there had been a "change in the atmosphere" and realisation that climate change represented a downside risk for the economy.

EU Commission chief Ursula von der Leyen said at a welcome ceremony in Davos that "for too long, humanity took away resources from the environment and in exchange produced waste and pollution".

Business leaders attending the forum will be keen to tout their awareness on climate change but are likely also to be concerned by the state of the global economy whose prospects, according to the IMF, have improved but remain brittle.

The IMF cut its global growth estimate for 2020 to 3.3 percent, saying that a recent truce in the trade war between China and the US had brought some stability but that risks remained.

"We are already seeing some tentative signs of stabilisation but we have not reached a turning point yet," said IMF chief Kristalina Georgieva.

'Healthy balance'

Activists meanwhile will be pressing for much more concrete action to fight inequality, after Oxfam issued a report outlining how the number of billionaires has doubled in the past decade and the world's 22 richest men now have more wealth than all the women in Africa.

Other key priorities will be exploring how to battle biodiversity loss, narrow the digital divide between the internet haves and have nots and step up the fight against pandemics in the face of vaccine hesitancy and drug resistance.

"I am angry about the state of the world but I am also determined to engage and provide solutions and deliver," WWF director general Marco Lambertini told AFP. "There needs to be a healthy balance between these two sentiments."

The risk of global conflict will also loom large after the spike in tensions between the United States and Iran, following the killing of Iranian commander Qasem Soleimani in a US drone strike.

But a planned appearance by Iranian Foreign Minister Mohammad Javad Zarif -- which could have paved the way for a showdown or even meeting with Trump -- has been cancelled.

Venezuela's opposition leader Juan Guaido -- who declared himself acting president last year -- will be attending the forum in defiance of a travel ban imposed by the regime of President Nicolas Maduro.

(AFP)