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Carbon prices too low to adequately reduce emissions

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Current carbon prices are falling short of the levels needed to reduce greenhouse gas emissions driving climate change, but even moderate price increases could have a significant impact, according to new OECD research.

Current carbon prices are falling short of the levels needed to reduce greenhouse gas emissions
Current carbon prices are falling short of the levels needed to reduce greenhouse gas emissions

Effective Carbon Rates: Pricing CO2 through taxes and emissions trading systems” presents new data on effective carbon rates on CO2-emissions for energy use across six economic sectors in 41 countries – 34 OECD member countries and seven partner economies: Argentina, Brazil, China, India, Indonesia, Russia and South Africa. The report finds that there is a major gap between current carbon pricing policies and what is needed to ensure that carbon is priced even at the lower-end estimate of real climate costs – EUR 30 per tonne of CO2.

The effective carbon rate (ECR) is the sum of specific taxes on energy use, carbon taxes and prices of tradable emissions permits, where these apply. Taxes are included on the basis of their economic effects rather than their stated policy intent, meaning that excise taxes are part of the ECR.

Across all sectors and countries, the average effective carbon rate (ECR) amounts to just EUR 14.4 per tonne of CO2, of which 93.1% are excise taxes, 1.3% are carbon taxes, and 5.6% are emissions trading systems.

Going beyond average rates, the report introduces a new indicator – the carbon pricing gap – which measures the extent to which ECRs per unit of emissions fall short of pricing emissions at the low-end estimate of the cost of carbon. The indicator first considers, for each tonne of emissions, the difference between the price it actually faces and EUR 30 per tonne of CO2; second, it aggregates these gaps for all units of emissions priced at less than EUR 30 per tonne, and compares this to the counterfactual case where all emissions would be priced at EUR 30 per tonne. The result is the carbon pricing gap, expressed as a percentage.   The current carbon pricing gap is 80.1% across the 41 countries surveyed.

The report also calculates the indicator for a scenario under which carbon rates and sectoral coverage are increased to the level of the median country rate and coverage in each economic sector.  In this case, if all countries matched the efforts being achieved by the upper half of countries surveyed, the carbon pricing gap drops from 80.1% to 53.1%.

“This new data shows that even moderate collective action to increase carbon prices can make a significant impact in putting countries on a pathway to a low carbon transition,” said OECD Secretary-General Angel Gurría. “Pricing carbon, through taxes or emissions trading systems, is one of the most effective tools for reducing CO2 emissions and tackling climate change. Prices can and do trigger reductions of energy use, improvements in energy efficiency and a shift towards cleaner forms of energy. The challenge is in getting the prices right,” Mr Gurría said.

Other main findings for the 41 countries surveyed – which represented 80% of world emissions in 2012 – include:

  • Across all sectors, ECRs are zero for 60% of emissions from energy use. The rates are above EUR 30 per tonne of CO2 – a very conservative estimate of the damage to the climate per tonne of emissions – for just 10% of emissions.
  • The ECR for carbon emissions from energy use outside of road transport is zero for 70% of emissions. It is above EUR 30 per tonne of CO2 for just 4% of emissions.
  • Rates are higher in road transport, where 46% of CO2-emissions in the 41 countries face a rate of more than EUR 30 per tonne of CO2-emissions.
  • Rates vary strongly across countries. The 10 countries with the highest effective carbon rates represent 5% of the 41 countries’ carbon emissions, whereas the 10 countries with the lowest rates – which include several large countries – account for 77% of emissions.

Excise taxes are by far the main component of ECRs in all sectors. Emissions trading systems raise average rates in industry and electricity but hardly at all in transport. Carbon taxes only raise ECRs marginally.

Kenya in landmark unveiling of child-friendly TB drugs

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The Kenya Ministry of Health announced on Tuesday the launch of appropriately dosed, child-friendly tuberculosis (TB) medicines, making the country the first country in the world to roll out these products nationally. The improved medicines are easier for caregivers to give and for children to take, and are expected to help improve treatment and child survival from TB.

Kenya Cabinet Secretary for Health, Dr Cleopa Mailu
Kenya Cabinet Secretary for Health, Dr Cleopa Mailu

“Kenya is playing a leading role in the fight against childhood TB by being the first to introduce improved TB medicines for children,” explained Kenya’s Cabinet Secretary for Health Dr Cleopa Mailu. “Now, with the appropriate treatments, we can make rapid progress in finding and treating children with TB so we can achieve a TB free generation.”

Tuberculosis still remains a major killer of children. According to the World Health Organisation (WHO), at least 1 million children suffer from TB each year and 140,000 children die of this preventable, treatable and curable disease. In 2015, Kenya reported nearly 7,000 cases of TB in infants and children, with those under age five at greatest risk of having severe forms of TB and dying from the disease.

Previously, caregivers had to cut or crush multiple, bitter-tasting pills in an attempt to achieve the right doses for children. This made the six-month treatment journey difficult for children and their families, contributing to treatment failure and death from the disease.

The treatments now being introduced are the first to meet the WHO’s guidelines for childhood TB treatment. They are not new drugs, but improved formulations that come in the correct doses, require fewer pills, are flavoured and dissolve in water.

The development of the medicines was overseen by TB Alliance, an international not-for-profit organisation, and was funded by UNITAID and other partners.

“These new treatments won’t have an impact until they reach the children that need them,” said Dr Cherise Scott, Director of Pediatric Programmes, TB Alliance. “We are proud to partner with the Government of Kenya, the first of many countries, as they work to translate the potential of these medicines into lives saved.”

“No child should die of TB, yet for too long, we have not had the medicines to mount a sustainable response against childhood TB,” said Mr Robert Matiru, Director of Operations for UNITAID. “UNITAID’s investment in addressing this problem should help equip countries, healthcare workers, and families with the tools they need to rise to the challenge.”

Starting October 1, 2016, all children in Kenya who will be initiated on TB treatment will be given the improved formulation. “Childhood TB is a problem that can be solved when we choose to act,” said Dr Enos Masini, Head of Kenya’s National Tuberculosis, Leprosy and Lung Disease Programme.

Children often get TB from infected persons in their environment. This can be at home, at school or in any other place where children spend their time. Children should be taken to the nearest health facility to receive a TB diagnosis if they have a cough, fever, night sweats, reduced playfulness, or if they fail to gain weight. If any member of the household is diagnosed with TB, all other household members should be tested for TB, especially children. TB testing and treatment is free at all public health facilities in Kenya.

Propel your way out of recession, Adesina urges Nigeria

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Akinwumi Adesina, President of the African Development Bank (AfDB), on Monday in Abuja stressed the need Monday for Nigeria to put in place the right incentives to boost private investment, revive growth and move out of recession. He also reassured authorities of the Bank’s unwavering support during these difficult times.

Akinwumi Adesina, President of the African Development Bank. Photo credit: res.cloudinary.com
Akinwumi Adesina, President of the African Development Bank. Photo credit: res.cloudinary.com

“What is needed is not only to spend your way out of the recession, but to also incentivise your way out of the recession,” Dr Adesina, himself a Nigeria, told a news conference following his meetings with President Muhammadu Buhari and his Economic Management Team.

Adesina is on his first official visit to Nigeria, since he took office in September 2015.

Nigeria, Africa’s biggest economy, is in recession. Following the decline in the price of oil, foreign earnings have collapsed, and the current account and fiscal deficits have worsened, leading to a sharp depreciation of the Naira. Inflation exceeds 17%.

 

Dividends of Devaluation

Oil exports represent 98% of the Government foreign exchange earnings, but account for only 10% of the GDP. “Diversification is not the problem,” Adesina said. The problem is that the rest of the economy is not able to generate enough revenues for the Government and foreign exchange earnings.

In order to reap what Adesina called the “dividends of the Naira devaluation”, Nigeria needs to incentivise the rest of the economy: incentives for foreign direct investment (FDI) to go into the critical sectors, especially agriculture and agro-industrial sectors, solid minerals; and to small and medium enterprises (SMEs), an important job creator. He also called for incentivising the manufacturing and industrial sectors to do import substitution.

“With the right incentives, the country will come out of the recession, structurally better balanced,” he said. The revenue base will be more diversified. The Government will get more resources from better performing manufacturing and industrial sectors and SMEs. And, most importantly, unemployment will decline substantially.

 

Bank Support

Adesina also commended the authorities for taking bold action. The removal of the fuel subsidies and the devaluation of the Naira were “bold decisions,” he said. He also confirmed the Bank’s support to Nigeria.

The Bank is finalising a $1-billion budget support operation. The Board is expected to consider this operation next month. The Bank will also provide $300 million for youth employment in agribusiness, through the ENABLE Youth programme. The goal is to create 1,000 youth entrepreneurs in agribusiness in each of the 36 states, with an expected additional 185,000 jobs created.

To support the rehabilitation of the North Eastern parts of the country in support of President Buhari’s efforts for economic recovery in the zone, the Bank will also provide $250 million for the North East Integrated Infrastructure Development Programme. In the agricultural sector, the Bank will provide $200 million to the Agricultural Transformation Agenda Support Programme, which builds on the $150-million first phase, with the goal of supporting infrastructure and production and agro-industrial zones for processing and value addition to agricultural produce, for domestic and export markets. In addition, the Bank will provide $300 million for the Abuja Infrastructure Project for integrated infrastructure (water, sanitation, roads, and electricity) for four satellite towns in capital region.

The Bank’s portfolio in Nigeria is projected to increase from the current $4.6 billion to $10 billion by 2019. Of this, the private sector is expected to receive $6.9 billion, while the public sector will get $2.1 billion, excluding a budget support of $1 billion planned for 2016.

Planations’ role in Borneo forest loss, by study

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New study analyses four decades of satellite images – overturning assumptions about the role of industrial plantations in Borneo forest loss

Douglas Sheil of the Norwegian University of Life Science. Sheil and fellow scientists reviewed over 400 Landsat satellite images of Borneo between 1973 and 2015 to track forest loss and degradation and the concomitant expansion of plantations.
Douglas Sheil of the Norwegian University of Life Science. Sheil and fellow scientists reviewed over 400 Landsat satellite images of Borneo between 1973 and 2015 to track forest loss and degradation and the concomitant expansion of plantations.

Debates over forest loss in Borneo generally focus on the extent to which industrial plantations are to blame: those on the conservation side charge oil palm and pulp and paper for the destruction of tropical rainforest, those on the plantation side tend to argue that planting is done on already deforested land.

Until now, both sides have lacked clear evidence to justify their claims.

“The story is complex; drivers of deforestation are many. Until now we lacked information to distinguish so-called good and bad plantations,” said Douglas Sheil of the Norwegian University of Life Science.

In a new study published in Scientific Reports that he co-authored, Sheil and fellow scientists reviewed over 400 Landsat satellite images of Borneo between 1973 and 2015 to track forest loss and degradation and the concomitant expansion of plantations. The impacts of drought and fires tied to El Nino events were also considered.

According to the study, 76 percent, or 55.8 million hectares, of Borneo was old-growth rainforest in 1973. The scientists determined that approximately 18.7 million hectares of forest was cleared between 1973 and 2015, and that industrial plantations expanded by 9.1 million hectares.

By 2015, 50 percent of the island shared by Malaysia, Indonesia and Brunei remained forested, with 28 percent old-growth rainforest and 12 percent covered in industrial plantations.

“We calculated the delays between deforestation and the establishment of industrial tree plantations. We reasoned that, as a statistical generalisation, industrial plantations developed rapidly after forest clearance are responsible for that clearance, while the longer the delay the more likely such plantings are avoiding direct deforestation,” said Centre for International Forestry Research (CIFOR) scientist and lead author of the study David Gaveau.

 

Making comparisons

The study found contrasting patterns between Indonesia and Malaysia’s rate of conversion, that is the amount of time between deforestation and development. In Malaysia, rapid conversion to plantations has been greater, at 57-60 percent of all deforestation since 1973, while Indonesia’s was at 15-16 percent.

“Of the 15-16 percent of deforestation in Kalimantan associated with rapid conversion to industrial plantations, 11-13 percent is attributed to oil palm. What this shows is that the majority of oil palm plantations were developed on degraded lands, meaning forests converted to ferns, grasslands and scrubs by drought and recurrent burning, mainly during El Nino years,” Gaveau said in a presentation at the 2016 Annual Meeting of the Association for Tropical Biology and Conservation.

That so many oil palm plantations in Kalimantan were developed on fire-induced deforested land offers much nuance in the debate over whether oil palm is the main driver of deforestation in the region.

“People have been arguing that plantations should be developed on degraded lands, and what we found – with caveats – is that in Kalimantan in Indonesia that is largely what has been happening,” Sheil said. In Malaysia, on the other hand, the study suggests that the plantation industry was the principle driver of the loss of forest because of the speedy rate of conversion.

Seen from that perspective, Indonesia seems to have done much better than has been widely assumed.

But, the scientists found something changed in 2005.

“Since 2005, Kalimantan experienced a boom in plantation development. Over half of the existing plantations were added since then, and there has been a steep increase in the rapid conversion of forests to plantations, Kalimantan becoming the principle contributor of rapid net forest conversion by area. Despite planting on degraded lands, deforestation remains very high in Indonesia and Malaysia, and does not appear to be slowing,” Gaveau said.

“More needs to be done to protect Borneo’s forests,” he added.

 

Hot topic

Underscoring the complexity of the deforestation process is essential, especially amid increasing calls for boycotts of palm oil products.

“Oil palm expansion has accelerated over time, and expands in different local contexts. As such, this expansion takes over different land uses ranging from forests, agroforestry systems and degraded lands. This study confirms these diverse land use dynamics linked to oil palm expansion,” said Pablo Pacheco, principal scientist at CIFOR and co-author of the study.

It is no longer possible to generalize about oil palm trajectories and likely outcomes.

“Oil palm is not always a bad thing,” Sheil said. “It generates a sizeable amount of revenue for people and is very efficient in generating incomes from limited land. I worry that we are stigmatising an entire crop – but it’s not the crop that is the problem but where we grow it.”

Study co-author Erik Meijaard of the Borneo Futures Project said facts such as those provided by the study are much needed in the debate over extractive industries.

“Oil palm is so polarised between camps that love it or hate it with a vengeance. There is much that has not been quantified with regard to oil palm development and causal relationships,” he said.

The study highlights the key role of repeated forest and land fires in Borneo deforestation, and an important question that emerges is whether there is evidence of large-scale natural forest regeneration in those lands.

Another important aspect of land use dynamics linked to oil palm is regeneration of degraded lands.

“So far, the limited studies out there point to weak regeneration of degraded lands. It might be preferable to designate degraded lands for agricultural purposes, except perhaps degraded peatlands, because they represent a major public health issue because of the toxic smoke they release when burning,” Gaveau said.

With the Indonesian government’s creation of the Peatland Restoration Agency in 2016, efforts to address the draining of peatlands and resulting fires are underway, as well as moves to find companies culpable for fires on their land.

 

Middle way

The maps of Borneo over the years that the study employs will soon be available online, and people will be able to track forest loss and conversion to plantations themselves. For Sheil, the transparency their work with maps encompasses is key to progress on the issue.

“There’s a lot of promise in these open systems, in an online system that shows concessions and land-use history,” he said. “The big surprise is that we found so much of the planting was on already deforested land. So we need to give companies credit for this without losing sight of how much forest has been lost.”

According to Pacheco, more studies are needed in the hopes of improving conservation practices and economic opportunities.

“Additional analysis is required to look beyond industrial oil palm plantations and capture the dynamics of oil palm expansion in smallholder lands, and how other actors, including local investors, are shaping land use dynamics linked to oil palm expansion”.

Meijaard said, “Our data clearly shows that oil palm and industrial plantations play a major role in deforestation, but that is not the whole story. We need to find a middle road to move ahead.”

Panama forum explores speedy GHG emissions reduction

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The Latin American and Caribbean Carbon Forum (LACCF) will commence in Panama City, Panama on Wednesday, 28 September, bringing together key players from the private and public sectors to discuss ways to speed up the reduction of greenhouse gas emissions through national climate action plans and market-based mechanisms, and to reach out to cooperation agencies, potential investors and service providers.

Vice President of the Republic of Panama, Isabel Saint Malo de Alvarado, will deliver the keynote opening remarks
Vice President of the Republic of Panama, Isabel Saint Malo de Alvarado, will deliver the keynote opening remarks

The meeting follows last year’s historic Paris Agreement on Climate Change that embodies the commitment of countries around the world to move forward together to address climate change, and it is taking place only a few weeks ahead of the next major UN Climate Change Conference in Marrakech in November.

Governments, businesses, civil society institutions and other stakeholders are focused on turning targets and plans into climate action, also with the help of key regional meetings.

The event in Panama will provide a platform for discussions and experience sharing on challenges and opportunities in the Latin American and Caribbean region in line with the Paris Agreement such as:

  • Implementing national climate action plans (“Nationally Determined Contributions”)
  • Leveraging public and private finance for climate action
  • Carbon pricing mechanisms and carbon markets
  • Sustainable development and transformational change
  • Public-private partnerships
  • Innovative business models to fight climate change

The Forum will also feature the latest advances and resources on: Sustainable cities, Agroindustry, Energy, Extractive industries, Forests and Transport.

The LACCF’s comprehensive and substantive programme consists of plenaries, parallel thematic discussions and training sessions. The LACCF exhibition space is ideal to identify business opportunities and connect with supporting organisations, cooperation agencies, potential investors and service providers.

For the first time this year, the LACCF and the annual workshop of the Low Emission Development Strategies-LAC platform will be held back-to-back, becoming the largest climate event of the region: the 2016 Latin America and Caribbean Climate Week.

The Vice President of the Republic of Panama, Isabel Saint Malo de Alvarado, will deliver the keynote opening remarks on behalf of the host country on 28 September.

The meeting in Panama is jointly organised by the Government of Panama, the World Bank Group, the Latin American Energy Organisation (OLADE), the International Emissions Trading Association (IETA), the United Nations Environment Programme (UNEP) and the UNEP DTU Partnership, the Inter-American Development Bank (IADB), the UN Framework Convention on Climate Change (UNFCCC) secretariat, the United Nations Development Programme (UNDP) and CAF, the Development Bank of Latin America.

Reports shed light on sustainable python trade

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Three new reports published on Monday by the Python Conservation Partnership (PCP), a partnership between Kering, the International Trade Centre (ITC) and the Boa and Python Specialist Group of the International Union for Conservation of Nature (IUCN), reveal that the wild harvesting and farming of pythons is ecologically sustainable and results in socioeconomic benefits for poor households in South-East Asia.

A recently-fed python. The reports are first in the industry to provide science-based data and recommendations to improve sustainability of the python skin trade
A recently-fed python. The reports are first in the industry to provide science-based data and recommendations to improve sustainability of the python skin trade

Initially presented on Monday at the Conference of the Parties to CITES (CoP17) in Johannesburg, South Africa, the “Sustainable Management of the Trade in Reticulated Python Skins in Indonesia and Malaysia“, “Trade in Python Skins: Impact on Livelihoods in Viet Nam” and “Trade in Python Skins: Impact on Livelihoods in Malaysia” reports represent the culmination of three years of scientific research and signify the completion of the research phase of the PCP.

The PCP has reportedly undertaken research projects since its creation in 2013 to measure the socio-economic benefits of the trade in python skins in South-East Asia, as well as the sustainability of wild harvesting and the economic viability of python farming. The PCP has also supported training for those engaged in the trade and has tested methods to verify the source of pythons and improve the traceability of skins. Following the partnership’s first report published in 2014, on the feasibility of farming pythons – “Assessment of Python Breeding Farms Supplying the International High-end Leather Industry” – the peer-reviewed reports published today reveal the importance of the trade for the livelihoods of people in Malaysia and Viet Nam and offer detailed recommendations to improve the monitoring and management of the trade overall. Key findings include:

  • Wild harvest of pythons is ecologically sustainable in Sumatra, Indonesia;
  • Management of the trade through size limits, ongoing monitoring of harvested snakes and capacity development of key actors will contribute to sustainable trade; and
  • In both wild harvest and captive farming in Malaysia and Viet Nam, the trade improves livelihood resilience by giving poor households the opportunity to increase and diversify income.

In addition to these reports, the PCP has developed technical documents to be published later this year on using novel techniques to verify the provenance of python skins. The PCP will also release guidance on best practices for animal welfare and management in python farms and processing facilities. These guidelines will initially be implemented and tested in Kering’s supply chain to help refine them. In 2017, the PCP will enter into a new phase, opening up the partnership to a broader group of stakeholders in the python trade, with the goal of implementing positive and durable change in the industry.

“The PCP is an excellent example of new and multi-disciplinary collaborative models driving real, positive change towards sustainability,” said Marie-Claire Daveu, Chief Sustainability Officer and Head of International Institutional Affairs at Kering. “Information and transparency in the python trade was lacking and we all required more guidance to ensure a robust and sustainable trade. After 3 years of research we are very pleased to open-source the results of this important new research with ITC and IUCN. We are confident that this will improve the trade and Kering is proud to support the expert recommendations in our supply chains.”

“These studies demonstrate that trade in biodiversity is a credible strategy for achieving the Sustainable Development Goals,” said ITC Executive Director Arancha González. “ITC will continue to work with IUCN and the fashion industry to find innovative ways to promote the sustainable use of flora and fauna and to improve the livelihoods of the world’s poorest people.”

“It is extremely encouraging to see the extraordinary progress made by Kering, the International Trade Centre and IUCN – three organisations with different visions, working collaboratively to achieve a common goal,” said Tomás Waller, Chair of the IUCN/SSC Boa and Python Specialist Group. “The results of the Python Conservation Partnership’s research and successful collaboration show that it is indeed possible to enhance sustainable use of pythons while at the same time providing livelihood benefits for local communities participating in the trade.”

“We welcome this work showing the benefits of python skin trade to rural communities, as well as the depth of engagement with the private sector in making sure that the global value chain is put onto a better and more sustainable footing,” said John E. Scanlon, Secretary-General Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES). “This work will benefit both the species and the rural communities. We hope more private sector entities join initiatives such as those being pioneered here by the PCP.”

To download the reports click here: “Sustainable Management of the Trade in Reticulated Python Skins in Indonesia and Malaysia“, “Trade in Python Skins: Impact on Livelihoods in Viet Nam” and “Trade in Python Skins: Impact on Livelihoods in Malaysia”

Mali is 61st nation to ratify Paris Agreement

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Mali on Friday, 23 September 2016 deposited its instrument of ratification of the Paris Agreement with the United Nations Framework Convention on Climate Change (UNFCCC).

President Ibrahim Boubacar Keita of Mali
President Ibrahim Boubacar Keita of Mali

This is coming as Ukraine and the Federated States of Micronesia last week deposited their instruments of ratification of the global pact with the UN body.

It brings the number of Parties that have ratified the Paris Agreement at 61 States, accounting in total for 47.79% of the total global greenhouse gas emissions.

There are presently 191 signatories to the Paris Agreement, with Nigeria endorsing the climate pact recently in New York.

At the 21st session of the Conference of the Parties (COP21) to the UNFCCC held last year in Paris, France, the Parties adopted the Paris Climate Change Agreement.

The Agreement was opened for signature on 22 April 2016 at a high-level signature ceremony convened by the Secretary General in New York. At that ceremony, 174 States and the European Union signed the agreement and 15 States also deposited their instruments of ratification.

The Agreement shall enter into force on the 13th day after the date on which at least 55 Parties to the Convention accounting in total for at least an estimated 55% of the total global greenhouse gas emissions have deposited their instruments of ratification, acceptance, approval or accession with the Depositary.

President Muhammadu Buhari promised in New York that Nigeria would deposited its instruments of ratification with the UN before the 22nd session of the Conference of the Parties (COP22) to the UNFCCC schedule to hold in Marrakech, Morocco in November.

AfDB president, Adesina, in first official visit to Nigeria

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Dr Adesina meets Economic Team, commends authorities for bold steps taken, and announces emergency grant for Internally Displaced People

From left: President, African Development Bank, Dr Akinwumi Adesina; President Muhammadu Buhari; and Minister of Finance, Mrs.  Kemi Adeosun during the visit of the AfDB delegate to the Presidential Villa in Abuja Monday.
From left: President, African Development Bank, Dr Akinwumi Adesina; President Muhammadu Buhari; and Minister of Finance, Mrs. Kemi Adeosun during the visit of the AfDB delegate to the Presidential Villa in Abuja Monday.

Dr Akinwumi Adesina, President of the African Development Bank Group (AfDB), started his first official visit in Nigeria on Monday with an interactive session with the Government’s economic team chaired by Vice-President, Prof. Yemi Osinbajo. The session focused on how the Bank can help the country overcome it current recession.

In his opening remarks, Prof. Osinbajo underscored the importance of the meeting, noting the AfDB remains an important partner in Nigeria’s development efforts. The forum, he added, provides a “credible platform to engage in policy dialogue on the Government’s programmes and critical areas where the AfDB can be of assistance.”

The visit takes places at a time when the Nigerian economy is facing headwinds. The economy is in recession. Nigeria, the largest economy in Africa, has seen its economy shrink by 2.6% in the second quarter of 2016 compared with the same period in 2015. As a consequence, the country’s credit ratings have been downgraded by all the three major international credit rating agencies.

Dr Adesina reassured the Nigerian authorities of the Bank’s support: “We are not fair weather friends,” he said. Nigeria is a key founding member of the AfDB. It is the Bank’s largest shareholder, financier of the Bank’s third resource window, the Nigeria Trust Fund (NTF) and the Nigerian Technical Cooperation Fund (NTCF). The country is also among the largest beneficiaries of the Bank’s loans and grants, with its currently portfolio in the country cumulatively valued at $4.6 billion.

“We are very appreciative of the Bank’s support,” Finance Minister, Kemi Adeosun, said.

Dr Adesina also commended the authorities for the bold measures they have taken to deal with the economic situation.

The Bank will scale up its operations in the country. The Bank expects to grow its portfolio significantly over the next few years. Over the next two years, the Bank will roll out a number of innovative interventions including, a $300-million in the Enable Youth Programme; $200 million to the Agricultural Transformation Support Programme-Phase II, in additional to the $150 million allocated to the first phase.

The Bank is also processing a Budget Support Operation of $1 billion designed to help the Government in its efforts to cushion the adverse effects of the drastic decline in the price of oil and contribute to closing the budget gap.

Members of the Government’s economic team, including finance, budget and planning, agriculture, industry, trade and investments, women’s affairs, labour and employment ministers, among others, highlighted their policies and programmes as well as areas where the Bank can provide critical support.

Adesina also announced a $1-million emergency grant to assist Internally Displaced Peoples in North-Eastern Nigeria suffering from hunger, malnutrition and disease, highlighted in the presentation of the economic team.

Sharks, rays high on CITES COP17 Agenda

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Delegates to the 17th meeting of the Conference of the Parties (COP17) to the Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES) that began on Saturday in Johannesburg, South Africa, will be asked to consider bringing more sharks and rays under CITES trade controls. This entails adding silky sharks, thresher sharks and devil rays to the 10 species already listed under Appendix II. The summit will come to a close on Wednesday, October 5.

Silky sharks, thresher sharks and devil rays may be added to the 10 species already listed under Appendix II
Silky sharks, thresher sharks and devil rays may be added to the 10 species already listed under Appendix II

Proposals have been submitted across the board, focusing on a range of fauna and flora and various issues. Strengthened protection for sharks and rays will again be high on the agenda.

According to CITES, it is fitting that the triennial meeting of the World Wildlife Conference is being hosted in South Africa this year, as the country is home to a quarter of the world’s 400+ shark species.

Delegates from over 180 countries attending the meeting will receive updates on actions taken following COP16 in Bangkok, Thailand, where five shark species, namely the oceanic white tip, porbeagle and three species of hammerhead, and all manta rays were given protection under CITES Appendix II, with trade in these species now being regulated to prevent overexploitation.

CITES secretary-general John E Scanlon said: “At CITES COP16 in 2013, countries turned to CITES to assist in protecting precious marine resources from overexploitation through including five new shark species and all manta rays under CITES trade controls. Since then CITES, in close collaboration with the UN Food and Agriculture Organisation (FAO) and other partners, has demonstrated the added value of CITES in protecting sharks and rays from overexploitation. This year, at CITES COP17, countries are again being presented with new sharks and rays listing proposals, which they will consider and decide upon as a sovereign body, informed by the best available science.”

Globally, sharks continued to be viewed by some as feared predators, yet the survival of many species of sharks was threatened by human activity, including from overfishing, over-consumption of their meat, fins and cartilage and the destruction of their habitats. Sharks played a critical role in maintaining the health and diversity of wider aquatic ecosystems and were particularly vulnerable to overexploitation owing to their late maturity, longevity and low rates of productivity, CITES said in a press statement.

Since 2013, the convention, with funding from the European Union, has partnered with international organisations, in particular the FAO and Regional Fisheries Management Organisations and Bodies (RFMOs and RFBs), to facilitate the implementation of the added protection measures, working particularly with developing countries. These new measures have presented challenges and opportunities for countries in ensuring the legality, sustainability and traceability of international trade in CITES-listed sharks that are exploited commercially and traded internationally.

There are currently 10 species of sharks and rays listed under CITES Appendix II, including the basking shark, great white shark and whale shark, as well as the five shark and two manta species added to CITES Appendix II at COP16.

Seven species of sawfishes fall under Appendix I, which includes species threatened with extinction. Commercial trade in specimens of these species is permitted only in exceptional circumstances.

At CITES COP17, Parties will be asked to consider three more proposals to bring sharks and rays under CITES trade controls, namely to include:

  • Silky shark Carcharhinus falciformis in Appendix II
  • Thresher sharks Alopias spp. in Appendix II
  • Devil rays Mobula spp. in Appendix II

These three proposals have been assessed by the FAO Expert Panel Advisory Panel and by the CITES Secretariat. The 182 Parties will consider all of the information presented to it and decide on whether to accept or reject these proposals. If there is no consensus on any proposal, then the matter will go to a vote with a two-thirds majority vote required for any proposal to be accepted.

Kenyan, Njeri Kabeberi, to head Greenpeace Africa

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Kenyan-born Njeri Kabeberi has been named as Executive Director for Greenpeace Africa, which says that the choice was informed by the need for a combination of skills required to drive the organisation towards a people-powered movement.

Njeri Kabeberi
Njeri Kabeberi

According to the Greenpeace Africa Board, Africans are hungry for a new story, one with a better take on nature, on humanity, their livelihoods, their future and their connection to the earth.

“It was critical to find someone who embodies passion, activism and understands the context of environmental justice in Africa and we are confident that Njeri represents that,” said chair of Greenpeace Africa Board, Brian Kagoro.

Greenpeace currently runs campaigns on four key issues on the continent, to protect the Congo Basin from large scale deforestation, stop overfishing in West Africa, promote ecological farming in the horn of Africa as well as demand a shift from fossil fuels to renewable energy sources in South Africa in order to reverse the impacts of climate change.

With a long history in human rights activism, Njeri will be leading Greenpeace Africa into a new wave of environmental justice for Africans by Africans.

“We will continue to work on our flagship campaigns but more so, we shall be working closely with communities to ensure that our campaigns speak to the local realities on the continent and can effect change in the day to day life of our people” said newly-appointed Greenpeace Africa head, Njeri Kabeberi.

“Africa has a major role to play in the global efforts to reverse climate change, protecting its vast natural forest and safeguarding its rich ocean resources is centre to the continent’s contribution in averting the catastrophic effects of climate change. It is important that the continent works together to push for an end to illegal logging, unsustainable fishing and a shift from industrial agriculture to ecological farming to ensure that our biodiversity is protected” added Njeri.

Njeri joins Greenpeace after serving as CEO of the Civil Society Reference Group and as the immediate former Executive Director of the Centre for Multiparty Democracy. She is also a member of the board of advisors of the International Institute for Democracy and Electoral Assistance (IDEA) and chairs the board of the International Centre for Policy and Conflict.

Njeri is passionate about social justice and women’s rights and, in 2010, amongst others, received the ILO Wedge Award. She also has extensive INGO leadership and management experience and was on the Board of the Kenya Human Rights Commission for many years.

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