France’s Macron announces 12 non-binding commitments towards a decarbonized economy
admin • December 14, 2017 • 3457
At the end of a climate summit organized by France two years after the Paris accord was signed, French President Emmanuel Macron announced 12 non-binding commitments, from a $300 million pledge to fight desertification to accelerating the transition towards a decarbonized economy.
“Today, we have begun to recapture the ground a bit in this battlefield, because concrete decisions were taken, because we were rightly pushed to take these commitments,” said Macron.
Public and private financial institutions pledged to channel more funds to spur the transition to a green economy and investors said they would pressure corporate giants to shift towards more ecologically friendly strategies. Macron said companies who were not “in the club” must be “named and shamed.
Among the commitments, more than 200 institutional investors with $26 trillion in assets under management said on Tuesday they would step up pressure on the world’s biggest corporate greenhouse gas emitters to combat climate change.
“This is not a choice between our planet and prosperity. We choose both. Actually, we can ensure that we are protecting the planet, by investing in the technology of the future,” said UK Prime Minister Theresa May.
“Let’s be aware and take concrete actions. We all have our own way of stopping climate change, but only if we unite our actions, there will be a better place for all, for the polar bears and for us. Let’s make the planet great again. Thank you,” said Eva, an American girl living in Paris.
Meanwhile, the World Bank announced that it would no longer finance upstream oil and gas projects after 2019, apart from certain gas projects in the poorest countries in exceptional circumstances, drawing praise from environmental groups.
“To ensure that we are aligned with our support to their countries to meet their Paris goals, today we are announcing that the World Bank group will no longer finance upstream oil and gas after 2019,” said World Bank President Jim Yong Kim.
However, the summit leaves no headline promise that will likely reassure poor nations on the sharp end of climate change that they will be better able to cope. — Reuters
Climate change still remains as urgent as ever amid the coronavirus disease (COVID-19) pandemic, according to the Department of Environment and Natural Resources (DENR) Secretary Roy Cimatu.
“It is like the COVID-19 emergency, just in slow motion and much graver,” Cimatu said on Wednesday (July 22).
The DENR also said climate change have a multiplier effect which would lead to other problems, from ecosystem stability to food production and human conflict.
“Deforestation disrupts weather patterns and the water cycle, contributes to climate change, and destroys the habitats of important species. Chemicals and waste are polluting the air, soil and water, killing millions each year,” the department said in a statement.
Cimatu said major environmental protection programs like solid waste management, reforestation and biodiversity conservation, must be consistent with the overall response to COVID-19, future pandemics and climate crisis.
“The government—through the Cabinet Cluster on CCAM-DRR—will prioritize actions and investments that will reduce long-term health impacts and increase our resilience and adaptive capacity to both the coronavirus pandemic and climate change,” he said.
MANILA, Philippines – The Philippine government has signed a $370-million loan agreement with the World Bank for a project that aims to speed up the process of the country’s program to redistribute land to farmer-beneficiaries, the Department of Finance (DOF) said.
In a statement issued on Monday, the DOF said the loan will be used to expedite the splitting of about 1.4 million hectares of land covered by the Comprehensive Agrarian Reform Program (CARP) and provide individual titles to these parcelized lots to some 750,000 farmer-beneficiaries.
Finance Secretary Carlos Dominguez III and Mr. Achim Fock, who was then the World Bank’s Acting Country Director for Brunei, Malaysia, Philippines, and Thailand, signed the loan agreement last July 14, the department said.
Dominguez said the project called Support to Parcelization of Lands for Individual Titling (SPLIT) of the Department of Agrarian Reform (DAR) will improve the bankability of farmers and enable them to access credit and government assistance.
“It will support our economic recovery program by intensifying assistance to farmers and making agrarian reform beneficiaries (ARBs) more resilient to the economic and social impacts of the COVID-19 (coronavirus disease 2019) pandemic,” Dominguez said.
Under the project, the collective certificate of land ownership awards (CCLOAs) will be divided into individual titles for some 750,000 ARBs to help fulfill the completion of the decades-old CARP.
The government has redistributed about 4.8 million hectares of land to some 2.8 million ARBs under the agrarian reform program, but only 53 percent were in the form of individual land titles.
The remaining 47 percent or about 2.5 million hectares are CCLOA titles that were issued to groups of ARBs in the 1990s as a temporary measure to fast-track the distribution of land to farmer-beneficiaries, the DOF said.
“Through the project, ARBs will be provided security of tenure by way of issuance of individual titles. If ARBs or members of their family fall ill, clear and valid documentation of their property will allow them to mortgage their land, sell, or pass it on to their family members through inheritance,” it added.
The total cost of the SPLIT Project is US$473.56 million, of which US$370 million will be funded by the World Bank, while the government will provide the counterpart financing for the balance of US$103.56 Million.
The loan deal carries a 29-year maturity period, inclusive of a grace period of 10-and-a-half years, the DOF said.
Several hundred Nokia workers protested in Paris on Wednesday (July 8) against plans to cut over 1,200 jobs in its French subsidiary Alcatel-Lucent International.
Nokia has said most of the layoffs would come from research and development (R&D) teams. Unions say this is incomprehensible when Europe is preparing to deploy the next generation mobile network.
Member of the French parliament from the ruling party LaRem, Eric Bothorel, who was elected in the northwestern region of Côtes-d’Armor, where there are planned job cuts, said Nokia’s announcement came just after the date set releasing the company from commitments to preserve jobs.
Nokia was bound to job retention commitments when it acquired Alcatel Lucent in 2015. They expired in June.
Bothorel said the move was “making fun of the government” as it targeted people who were recently hired.
Nokia says it will continue to be a major employer in France with a strong foothold in R&D. (Reuters)
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