Morrow Sodali Strengthens Its Market Leading Position With New Australian Acquisition

NEW YORK, Nov. 04, 2022 (GLOBE NEWSWIRE) — Morrow Sodali, the world's leading shareholder engagement and governance advisory firm, announced today the acquisition of Australian financial communications and investor relations agency, Citadel–MAGNUS, its first since TPG Growth secured a majority stake in April of this year.

The Australian based acquisition represents a significant expansion of Morrow Sodali's service offering in the APAC region to meet the rapidly growing global demand from corporations for strategic communications and investor engagement services.

The combination of Morrow Sodali and Citadel–MAGNUS brings together two trusted market leading consultancies to provide best in class strategic counsel and support to our clients. Citadel–MAGNUS will be fully integrated into Morrow Sodali enabling the firm to provide a seamless offering and the most comprehensive suite of investor relations and communications solutions to listed and private entities with the intention of rolling out the expanded services to other markets.

The acquisition marks a significant step forward in Morrow Sodali's strategy to accelerate its growth by investing in services that create value for its clients world–wide.

Alvise Recchi, CEO of Morrow Sodali, commented, "As part of Morrow Sodali's strategic global growth strategy, the addition of Citadel–MAGNUS will expand our service offering to encompass a broader suite of Board, C–Suite and ESG advisory, Investor Relations and Financial Communications services. We can't wait to see the potential of this exciting opportunity realised as we continue to grow in new markets around the world."

Christian Sealey, CEO of Morrow Sodali's International Business added, "More and more, our clients are coming to us seeking advice and assistance across a wide array of areas covering shareholder communication, stakeholder engagement, capital markets intelligence, corporate governance and ESG advisory. Acquiring Citadel–MAGNUS enables us to provide strategic solutions for our clients and uniquely positions us to become their ongoing trusted partner of choice."

Peter Brookes, Joint Managing Director of Citadel–MAGNUS said, "Our team is thrilled to be joining forces with Morrow Sodali. We are seeing a growing need to provide clients with an end–to–end offering across the financial calendar and increasingly complex event driven activity where good communication is paramount. The combination of our firms brings together two leading and trusted advisory companies that are deeply embedded in corporate Australia and who share a strong focus on delivering exceptional client service."

About Morrow Sodali

Morrow Sodali is a global corporate advisory firm that provides clients with comprehensive advice and services relating to corporate governance, ESG, sustainability, proxy solicitation, capital markets intelligence, shareholder and bondholder engagement, M&A, activism and contested situations.

From headquarters in New York and London and offices in global capital markets, Morrow Sodali serves over 1,000 clients in more than 80 countries, including many of the world's largest multinational corporations. Clients include listed and private companies, mutual fund groups, stock exchanges and membership associations.

In 2022, Morrow Sodali is celebrating its 50th anniversary and also secured a majority investment from TPG Growth, the middle market and growth equity platform of alternative asset firm TPG. This partnership will significantly advance the firm's mission of providing clients worldwide with unrivalled strategic advice and comprehensive support, enabling them to maximize value and expertly manage stakeholder relations.

For more information about Morrow Sodali, please visit www.morrowsodali.com.

About Citadel–MAGNUS

Citadel–MAGNUS is a leading corporate and financial communication firm with offices in Sydney and Perth, servicing clients across Australia and internationally.

We have established a reputation for delivering outstanding results for our clients through trusted relationships, integrity and professional excellence. Our priority is to support clients' business objectives through effective communication and a superior level of service.

Citadel–MAGNUS brings an unrivalled depth of financial markets, corporate and media experience to help companies address the challenges of today's highly competitive and changing business environment. We have worked with companies in all sectors and of all sizes, and our success has led to established, long–term partnerships with business leaders and companies.

For more information, visit www.citadelmagnus.com.

CONTACT:

Elena Cargnello

Corporate Director, Marketing

e.cargnello@morrowsodali.com

+44 (0)20 4513 6913


GLOBENEWSWIRE (Distribution ID 1000754955)

COP27 needs a tremendous focus on action, Commonwealth of Dominica looking to share scalable solutions

Roseau, Nov. 04, 2022 (GLOBE NEWSWIRE) — There are a few days left until COP27 takes place in the Egyptian city of Sharm El–Sheikh from 6 to 18 November and the Commonwealth of Dominica, like many nations around the world, will be watching to see if this summit finally brings action and implementation of proposals and promises.

"We are at the stage where we can no longer use these events as talk shops, but rather, we need to be laser–focused and intentional about developing actionable plans to tackle the biggest challenge of our time "" climate change," says Dr. Vince Henderson, Dominica's minister for planning, economic development, climate resilience, sustainable development, and renewable energy.

Small island nations like Dominica, are not the only countries facing extreme weather conditions as a result of global warming. UN Secretary–General Antnio Guterres mentioned to journalists in New York recently that a third of Pakistan is flooded, Europe is experiencing its hottest summer in 500 years, the Philippines is dealing with the aftermath of tropical storm Paeng and in the United States, Category 4 Hurricane Ian was just another reminder of the climate crisis.

Dominica has been on a path to be the world's first climate–resilient nation following Hurricane Maria which left an estimated 90 percent of buildings damaged or destroyed in 2019.

This year, at COP27, Dominica wants to showcase how it will reach climate resiliency by 2030. The country has implemented a number of projects that can be used as case studies that can be used as a flywheel of action.

"Everybody is talking about sustainability and climate change and why we need to reduce carbon emissions, the issue is how we are going to make a meaningful impact. For people to translate insight into action, they need to see good examples that motivate them, and we believe Dominica has an abundance of examples that are yielding results," continues Minister Henderson.

In response to the destruction caused by Hurricane Maria, Dominica launched a climate resilience policy framework to help guide its recovery journey in the form of the National Resilience Development Strategy 2030 (NRDS).

The Climate Resilience and Recovery Plan of Dominica aim to build strong communities, build a robust economy, have a well–planned and durable infrastructure; strengthen institutional systems and, protect and sustain natural and other unique assets.

It centres around three pillars: structural resilience, financial resilience, and post–disaster resilience.

Structural resilience: The government of Dominica is building a resilient infrastructure capable of withstanding natural disasters, including Category 5 hurricanes. It includes the construction of 5 000 climate–resilient homes, healthcare centres, roads, bridges, airports, and schools.

Financial Resilience: The government of Dominica is implementing institutional fiscal reform to ensure stronger fiscal resilience which will aid in the strengthening of debt sustainability utilising several key institutional fiscal areas.

Post Disaster and Social Resilience: This pillar helps encourage farmers to plant more root crops which are more resilient to heavy rain and wind, and increases farmer training programmes and government assistance with the provision of seeds and fertilizers. The government's plan to strengthen food security includes specific policies for the resiliency of the agriculture and fisheries industries.

With 2022 set to rank among the 10 warmest years on record, according to the US National Oceanic and Atmospheric Administration, Dominica is also constructing a geothermal power plant which will increase the country's share of renewables and diversify the country's energy matrix. The Commonwealth of Dominica already obtains 28% of its energy requirements from renewable energy sources such as hydropower and wind.

The UN is urging the world's industrialized nations to "lead by example' by taking "bold and immediate actions'. One of these nations includes the United States of America and with President Joe Biden confirmed to attend, it is said he will build on the significant work the United States has undertaken to advance the global climate fight and help the most vulnerable build resilience to climate impacts.

Last year, Biden arrived at COP26 largely empty handed and this year he will promote the passage of the Inflation Reduction Act, a bill that devotes hundreds of billions of dollars to clean energy initiatives and brings Biden's pledge to cut United States emissions in half by 2030 closer within reach.

The Conference of the Parties (COP) is the group of nations that have signed the UN Framework Convention on Climate Change (UNFCCC), which was put together in 1992. It commits them to act together to stabilize greenhouse gas concentrations "at a level that would prevent dangerous anthropogenic (human–induced) interference with the climate system". Since then, the parties, or nations, have met almost annually.

COP26 was held in the Scottish city of Glasgow in November 2021 and it brought together 120 world leaders and representatives from almost 200 countries. It culminated in the Glasgow Climate Pact, which reaffirmed the 2015 Paris Agreement goal of "limiting the increase in the global average temperature to well below 2 C above pre–industrial levels and pursuing efforts to limit it to 1.5 C".


GLOBENEWSWIRE (Distribution ID 8689439)

Revealed: Rich Countries ‘Miserably’ Fall Below Their Climate Promises, Further Indebt the Poor

“To force poor countries to repay a loan to cope with a climate crisis they hardly caused is profoundly unfair. Instead of supporting countries that are facing worsening droughts, cyclones and flooding, rich countries are crippling their ability to cope with the next shock and deepening their poverty.” Credit: Credit: Manipadma Jena/IPS.

“To force poor countries to repay a loan to cope with a climate crisis they hardly caused is profoundly unfair. Instead of supporting countries that are facing worsening droughts, cyclones and flooding, rich countries are crippling their ability to cope with the next shock and deepening their poverty.” Credit: Credit: Manipadma Jena/IPS.

By Baher Kamal
MADRID, Nov 4 2022 – Just a few days ahead of the UN Climate Conference (COP27) in Egypt (6-18 November), new revelations show how far rich, industrialised countries –those who contribute most to the growing catastrophes- have been lying over their real contributions to climate finance.

The True Value of Climate Finance Is a Third of What Developed Countries Report unveils that many rich countries are using “dishonest and misleading” accounting “to inflate” their climate finance contributions to developing countries – in 2020 by as much as 225%, according to investigations by Oxfam International.

 

Inflating the figures

The report estimates between just 21-24.5 billion US dollars as the “true value” of climate finance provided in 2020, against a reported figure of 68.3 billion US dollars in public finance that rich countries said was provided (alongside mobilised private finance bringing the total to 83.3 billion US dollars).

Rich countries’ contributions not only continue to fall miserably below their promised goal but are also very misleading in often counting the wrong things in the wrong way. They’re overstating their own generosity by painting a rosy picture that obscures how much is really going to poor countries

Nafkote Dabi, Oxfam International Climate Policy Lead

The global climate finance target is supposed to be 100 billion US dollars a year, an amount which is slightly more than the 83 billion US dollars the world’s biggest nuclear powers spent in one single year– 2021, on such weapons of mass destruction.

Furthermore, “the combined profits of the largest energy companies in the first quarter of this year are close to 100 billion US dollars,” said already last august the UN Secretary-General António Guterres, adding that it was “immoral” that major oil and gas companies are reporting “record profits”, while prices soar.

 

“Very misleading”

Moreover, “rich countries’ contributions not only continue to fall miserably below their promised goal but are also very misleading in often counting the wrong things in the wrong way. They’re overstating their own generosity by painting a rosy picture that obscures how much is really going to poor countries,” said Nafkote Dabi, Oxfam International Climate Policy Lead.

 

Mostly loans

“Our global climate finance is a broken train: drastically flawed and putting us at risk of reaching a catastrophic destination. There are too many loans indebting poor countries that are already struggling to cope with climatic shocks.”

There is too much “dishonest” and “shady” reporting. The result is the most vulnerable countries remain ill-prepared to face the wrath of the climate crisis, warned Dabi.

 

Rich countries’ “manipulation”

Oxfam research found that instruments such as loans are being reported at face value, ignoring repayments and other factors. Too often funded projects have less climate focus than reported, making the net value of support specifically aiming at climate action significantly lower than actual reported climate finance figures.

Currently, loans are dominating over 70% provision (48.6 billion US dollars) of public climate finance, adding to the debt crisis across developing countries.

“To force poor countries to repay a loan to cope with a climate crisis they hardly caused is profoundly unfair. Instead of supporting countries that are facing worsening droughts, cyclones and flooding, rich countries are crippling their ability to cope with the next shock and deepening their poverty.”

Least Developed Countries’ external debt repayments reached 31 billion US dollars in 2020.

 

Such ‘funding’ is primarily based on loans

“A climate finance system that is primarily based on loans is only worsening the problem. Rich nations, especially the heaviest-polluting ones,” said Dabi.

A key way to prevent a full-scale climate catastrophe is for developed nations to fulfil their 100 billion US dollars commitments and genuinely address the current climate financing accounting holes. “Manipulating the system will only mean poor nations, least responsible for the climate crisis, footing the climate bill,” said Dabi.

 

Stalling all efforts

Other findings by this global confederation which includes 21 member organisations and affiliates reveal that an average of 189 million people per year have been affected by extreme weather-related events in developing countries since 1991 – the year that a mechanism was first proposed to address the costs of climate impacts on low-income countries.

The report, The Cost of Delay, by the Loss and Damage Collaboration – a group of more than 100 researchers, activists, and policymakers from around the globe – highlights how rich countries have repeatedly stalled efforts to provide dedicated finance to developing countries bearing the costs of a climate crisis they did little to cause.

 

Six fossil fuel companies

“Analysis shows that in the first half of 2022 six fossil fuel companies combined made enough money to cover the cost of major extreme weather and climate-related events in developing countries and still have nearly $70 billion profit remaining.”

The report reveals that 55 of the most climate-vulnerable countries have suffered climate-induced economic losses totalling over half a trillion dollars during the first two decades of this century as fossil fuel profits rocket, leaving people in some of the poorest places on earth to foot the bill.

 

Super profits. And massive deaths

It also reveals that the fossil fuel industry made enough super-profit between 2000 and 2019 to cover the costs of climate-induced economic losses in 55 of the most climate-vulnerable countries, almost sixty times over.

The report estimates that since 1991, developing countries have experienced 79% of recorded deaths and 97% of the total recorded number of people affected by the impacts of weather extremes.

The analysis also shows that the number of extreme weather and climate-related events that developing countries experience has more than doubled over that period with over 676,000 people killed.

The entire continent of Africa produces less than 4% of global emissions and the African Development Bank reported recently the continent was losing between five and 15% of its Gross Domestic Product (GDP) per capita growth because of climate change.

 

Enormous gains

Lyndsay Walsh, Oxfam’s Climate policy adviser and co-author of the report said: “It is an injustice that polluters who are disproportionately responsible for the escalating greenhouse gas emissions continue to reap these enormous profits while climate-vulnerable countries are left to foot the bill for the climate impacts destroying people’s lives, homes and jobs.”

Meanwhile, in addition to manipulating the figures and further indebting the poor, business continues as usual. The largest polluters–the fossil fuels private companies make more and more profits, and rich countries’ politicians are set to increase their subsidies to these fuels to nearly seven trillion by 2025.

 

COP 15: It’s Time to Decide on a Future

By Elizabeth Mrema
MONTREAL, Canada, Nov 4 2022 – It is no secret that humankind’s past actions have accelerated the deterioration of ecosystems, negatively impacting our economies, societies, health, and cultures. It is estimated that humans have altered over 97% of ecosystems worldwide, to date. One million species are currently threatened with extinction (IPBES). The writing on the wall is clear. Our planet is in crisis. The sobering reality is that if we continue on our current trajectory, biodiversity and the services it provides will continue to decline, jeopardizing the achievement of the Sustainable Development Goals and our lives as we know them. The decline in biodiversity is expected to further accelerate unless effective action is taken to address the underlying causes of biodiversity loss. These causes are often justified by societal values, norms and behaviors. Some examples include unsustainable production and consumption patterns, human population dynamics and trends, and technological innovation patterns.

Elizabeth Mrema

With biodiversity declining faster than any other time in human history, our quality of life, our well-being, and our economies are under threat. Over 44 trillion US dollars of assets globally, or over half of the world’s GDP, is at risk from biodiversity loss (WEF). Our economies are embedded in natural systems and depend considerably on the flow of ecosystem goods and services, such as food, other raw materials, pollination, water filtration, and climate regulation. But we still have a chance. We still have a narrow window in which to transform our relationship with biodiversity and create a healthy, profitable, sustainable future. We can still bend the curve of biodiversity loss and leave future generations with prosperity and hope. We can still move to support ecosystem resilience, human well-being, and global prosperity.

This has deemed this the decisive decade. This is because after this decade, once we move past 2030, the damage done to our planet will be beyond repair. That doesn’t give us much time but it does still give us a chance. This December in Montreal, Canada we will get that chance. It is likely our only chance. I can’t emphasize that enough. This December, the Convention on Biological Diversity (CBD) will bring world leaders together to address the biodiversity crisis at the fifteenth Conference of the Parties (COP 15). Truth be told, the outcome of COP 15 will determine the trajectory of humankind on planet Earth.

The ultimate goal of COP 15 is to emerge with a plan, a roadmap to a sustainable future. We call it the post-2020 global biodiversity framework (GBF). The framework is currently being negotiated by Parties under the Convention on Biological Diversity and represents a historic opportunity to accelerate action on biodiversity at all levels. It aims to build on the outcomes of the Strategic Plan for Biodiversity 2011-2020 and its Aichi Biodiversity Targets and achieve the 2050 vision of living in harmony with nature. The draft framework, if adopted and implemented, will put biodiversity on a path to recovery before the end of this decade.

Why is it critical that the GBF is adopted and implemented? Because 90% of seabirds have plastic in their stomachs (WWF UK). Because we have lost half of the world’s corals and lose forest areas the size of 27 football fields every minute (WWF LPR). Because an estimated 4 billion people rely primarily on natural medicines for their health care and some 70 per cent of drugs used for cancer are natural or are synthetic products inspired by nature (IPBES). Because Ecosystem-based approaches (biodiversity) can provide up to 30% of the climate mitigation needed by 2030. Because monitored wildlife populations, including mammals, birds, amphibians, reptiles and fish, have seen a devastating 69% drop on average since 1970 (WWF LPR). I could go on and on.

Some key targets within the draft framework include:

    o Ensuring that at least 30 per cent globally of land areas and of sea areas are protected.
    o Preventing or reducing the rate of introduction and establishment of invasive alien species by 50%.
    o Reducing nutrients lost to the environment by at least half, pesticides by at least two thirds, and eliminate discharge of plastic waste.
    o Using ecosystem-based approaches to contribute to mitigation and adaptation to climate change and ensuring that all climate efforts avoid negative impacts on biodiversity.
    o Redirecting, repurposing, reforming or eliminating incentives harmful for biodiversity in a just and equitable way, reducing them by at least $500 billion per year.
    o Increasing financial resources from all sources to at least US$ 200 billion per year, including new, additional and effective financial resources, increasing by at least US$ 10 billion per year international financial flows to developing countries.

The post-2020 global biodiversity framework is not just important, it is critical. It will take a whole-of-society and whole-of-government approach and it will take hard work and commitment; but we can do it. We need to act now to bend the curve to halt and reverse biodiversity loss. COP 15 will be a the most crucial and decisive step towards a better and more sustainable future for generations to come. This is our chance. It’s time to decide on a future.

Elizabeth Maruma Mrema, a national of the United Republic of Tanzania, is the Executive Secretary of the United Nations Convention on Biological Diversity

IPS UN Bureau

 


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Myanmar and ASEAN: Time is not on the Side of Democracy

Noeleen Heyzer, UN Special Envoy of the Secretary-General on Myanmar, talks with Rohingya refugees in a camp in Bangladesh. October 2022. Credit: Office of the Special Envoy on Myanmar

By Jan Servaes
BRUSSELS, Nov 4 2022 – For 10 days in November, the world’s diplomatic attention will largely be focused on three major diplomatic meetings in Southeast Asia.

These include the Group of 20 (G-20) Summit on November 15-16 in Bali, Indonesia, and the annual Asia-Pacific Economic Cooperation (APEC) Summit, which will be held November 18-19 in Bangkok, Thailand.

Both follow the Association of Southeast Asian Nations (ASEAN) Summit and related meetings, which will take place November 8-13 in Phnom Penh, Cambodia, and include the East Asia Summit.

The meeting in Cambodia will be the first ASEAN meeting that US President Biden will attend in person as last year’s meetings were held remotely due to the COVID-19 pandemic. He will also become only the second sitting U.S. president to visit the country, after President Barack Obama (also for an ASEAN meeting) in 2012.

While in Cambodia, Biden will, according to a White House statement, “explain the importance of advocating cooperation between the US and ASEAN in ensuring security and prosperity in the region, and the well-being of our combined one billion people”.

This is likely to include much reference to ASEAN’s important position in Washington’s “Indo-Pacific” strategy, and its emphasis on its prized position of ‘centrality’ in Asian diplomacy.

The crisis in Myanmar will also be central to all these meetings. In preparation, in June 2022, ASEAN Parliamentarians for Human Rights (APHR) launched an International Parliamentary Inquiry (IPI) into the global response to the crisis in Myanmar with the aim of providing strategic, principled, achievable and time-bound policy recommendations to international actors, so that they can better work towards an end to violence and a return to democracy in the country.

Their report, titled “Time is not on our side – The failed international response to the Myanmar coup,” was presented at a press conference in Bangkok on Nov. 2.

The IPI is formed by a committee of MPs from seven different countries in Africa, America, Asia and Europe, consisting of IPI President Heidi Hautala (Vice President of the European Parliament), Mercy Chriesty Barends (Member of the House of Representatives in Indonesia and Board Member of APHR), Taufik Basari (Member of the House of Representatives in Indonesia), Amadou Camara (Member of the Gambia National Assembly, and Steering Committee Member of the African Parliamentary Association on Human Rights), Nqabayomzi Kwankwa (Member of the National Assembly Assembly of South Africa, and Chairman of the AfriPAHR), Ilhan Omar (US Congress member), Nitipon Piwmow (MP in Thailand) and Charles Santiago (MP in Malaysia and President of APHR).

The report: “Time is not on our side”

Since the military of Myanmar staged a coup d’état on February 1, 2021, the situation in the country has steadily deteriorated. The military junta, led by Major General Min Aung Hlaing, has waged a brutal war of attrition against its own people, perpetrating countless atrocities and destroying the country’s economy.

Armed forces have killed at least 2,371 people and displaced hundreds of thousands, bringing the total number of displaced persons in the country to more than 1.3 million. The junta has also imprisoned more than 15,000 political prisoners and routinely used torture against those arrested. At the same time, they cracked down on freedom of expression and association, including intense repression against independent media and civil society.

Yet the Burmese resisted en masse. The initial peaceful demonstrations in the immediate aftermath of the coup, as well as the Civil Disobedience Movement (CDM) in which hundreds of thousands joined a general strike, demonstrated the population’s overwhelming rejection of a return to military rule. The coup has also led to an unprecedented level of unity among those who oppose the military across ethnic borders.

Myanmar’s National Unity Government (NUG) was formed in April 2021 bringing together parliamentarians ousted in the coup, representatives of ethnic minorities and civil society actors. The NUG rightly claims a mandate as a legitimate representative of the Myanmar people. It enjoys widespread legitimacy and support, especially in the interior of the country, and represents the most inclusive government in Myanmar’s history.

The NUG is committed to the establishment of a new constitution and genuine federal democracy in Myanmar, which would be an important step towards fulfilling the ambitions for autonomy of the country’s ethnic minorities.

The junta’s attempts to quell the resistance with extreme violence failed dramatically, serving only to exacerbate existing tensions and incite some anti-junta activists to turn to armed struggle to defend themselves. Anti-military militias known as People’s Defense Forces (PDFs) – some commanded by the NUG – have been formed across the country, including in previously relatively peaceful areas.

The coup has also sparked a new wave of violence between the military and the Ethnic Armed Organizations (EAOs), which have struggled for decades for autonomy in the country’s border regions.

Some of these EAOs, such as the armed wings of the Karen National Union (KNU) and the Kachin Independence Organization (KIO), have joined the NUG. However, not all EAOs have formally joined the anti-military struggle as Myanmar’s political landscape remains highly complex and fractured.

The escalating violence has accelerated the near collapse of the economy and an unprecedented humanitarian crisis. Myanmar’s GDP has fallen by 13 percent since 2019 and 40 percent of the country’s population now lives below the national poverty line. Despite the increased needs, humanitarian actors have struggled to reach vulnerable and remote populations as the military has severely restricted access for humanitarian aid.

Poor response by international community

The international community has been largely unable to respond effectively to the crisis. The junta’s international allies—notably Russia and China—prove steadfast and uncritical supporters, providing both weapons and legitimacy to an otherwise isolated regime.

However, foreign governments that support democracy have not supported their rhetoric with the same force. While a number of countries have imposed sanctions on junta leaders and their personal assets, these efforts remain uncoordinated and have failed to crack down on key revenue-generating entities such as the Myanmar Oil and Gas Enterprise (MOGE).

The United Nations, in particular, is hampered by internal divisions and appears unable to exert any influence. The NUG has attracted supporters worldwide and continues to occupy Myanmar’s seat at the UN, but most governments are hesitant to formally recognize them, despite calls from parliaments and advocates to do so.

ASEAN unable to respond effectively

The Association of Southeast Asian Nations (ASEAN), of which Myanmar is a member, is also plagued by internal divisions and has been unable to respond effectively. The bloc’s five-point consensus, signed in April 2021 and aimed at tackling the crisis, has failed completely, hampered by a lack of will on the part of all ASEAN member states to enforce it, and a military leadership in Myanmar that has shown no intent to implement it.

While some member states, such as Malaysia, have called for new approaches, including direct involvement with the NUG and other pro-democracy forces, others, including Thailand or Cambodia, remain “junta enablers.”

As Myanmar slides into civil war, the possibility for a negotiated solution to the conflict is almost completely closed. The dialogue prescribed in ASEAN’s five-point consensus is impossible under the current circumstances.

The responsibility lies with the junta, which has shown no willingness to engage with those who oppose it and has instead relied solely on brute force in its effort to wipe out any opposition.

The July 2022 execution of four political prisoners, the country’s first judicial execution since 1988, highlighted both the brutality of the military and its complete disinterest in negotiations. The coup unceremoniously brought an end to the previous power-sharing arrangement with the civilian leadership. Now the vast majority of Myanmar’s population has expressed a clear desire not to return to the status quo of the past.

The military junta has failed to consolidate its power

Nineteen months after the coup, the military junta has failed to consolidate its power. This is also apparent from a recent report by Noeleen Heyzer, the UN Secretary General’s Special Envoy for Myanmar. Large parts of Myanmar’s territory are disputed between the military and forces affiliated with the NUG or EAOs, and it can be argued that the coup has failed.

In areas along the Thai border, EAOs are working together, providing basic services to the population. That way one is showing what a future Myanmar, in which different groups will work together instead of fighting each other, looks like.

In sum

With Myanmar’s future at stake, external pressure on the military and support for the resistance could be the deciding factor in the course of the conflict. The international community can and must do more to help the Myanmar people establish a federal democracy.

It should begin significantly increasing efforts to address the worsening humanitarian crisis, increasing pressure on the illegal junta through coordinated sanctions and arms embargoes, and recognizing the NUG as the legitimate authority in Myanmar.

The NUG, as well as the aligned EAOs, should be provided with funding and capacity building programs in governance and federalism. But urgent action is needed because, as Khin Ohmar, Myanmar activist and chairwoman of the Progressive Voice, said at one of the IPI hearings: “Time is not on our side”.

The countries and international institutions that claim to support democracy in Myanmar must act urgently. If they are serious about helping the Myanmar people in their hour of greatest need, they must adopt creative and effective policies to provide support and pave the way for a better future for the country.

Min Aung Hlaing’s junta has failed to take control of the country, but pro-democracy forces cannot drive the military out of Myanmar’s political life on their own. The forces fighting for federal democracy need all the help they can get from allies in the global community.

Recommendations

The International Parliamentary Inquiry (IPI) makes a number of recommendations that focus on the urgent need to increase humanitarian assistance to Myanmar, to urge neighboring countries (notably Thailand, India and Bangladesh) to provide more cross-border humanitarian aid and to work as much as possible directly with local, community-based aid groups, and not with the junta.

Pressure on the junta must also be increased, through coordinated and genuinely impactful sanctions. For instance, by calling on governments that have not yet sanctioned the Myanmar Oil and Gas Enterprise (MOGE), especially the United States, to do so as soon as possible.

At the same time, Myanmar’s pro-democracy forces – including the NUG and ethnic organizations– should be recognized and given the political and financial support they need. The NUG and EAOs should start negotiating a future settlement for a federal democracy in Myanmar.

The NUG should also be encouraged to unconditionally restore Rohingya citizenship and accept the return of those who have sought refuge in Bangladesh over the years.

One should acknowledge that the five-point consensus has failed and that Min Aung Hlaing’s junta is not a reliable partner. ASEAN must abandon the five-point consensus in its current form and negotiate a new agreement on the crisis in Myanmar with the NUG, local civil society organizations (CSOs) and representatives of ethnic armed organizations (EAOs).

Jan Servaes was UNESCO-Chair in Communication for Sustainable Social Change at the University of Massachusetts, Amherst. He taught ‘international communication’ in Australia, Belgium, China, Hong Kong, the US, Netherlands and Thailand, in addition to short-term projects at about 120 universities in 55 countries. He is editor of the 2020 Handbook on Communication for Development and Social Change.
https://link.springer.com/referencework/10.1007/978-981-10-7035-8

IPS UN Bureau

 


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COP27: A Climate Summit Following Empty Promises & Funding Failures

Credit: United Nations

By Thalif Deen
UNITED NATIONS, Nov 4 2022 – The COP 27 climate summit is taking place amid a rash of political, economic and environmental upheavals, including missed funding and emission targets, increased pollution and climate devastation, rising global inflation, cuts in Western development assistance and the negative after-effects of the Covid-19 pandemic and the Russian invasion of Ukraine.

The summit—the 27th Conference of State Parties (COP27), scheduled for November 6 through 18– is billed as one of the largest annual gatherings on climate action, this time in the Egyptian coastal town of Sharm el-Sheikh.

The Brussels-based Centre for UN Constitutional Research (CUNCR) predicts COP27 “will likely face the same empty promises and no actions by most big countries responsible for climate change.”

In a message during the launch of the UN Environment Programme’s (UNEP) Adaptation Gap report released on the eve of COP27, Secretary-General Antonio Guterres warns “the world is failing to protect people from the here-and-now impacts of the climate crisis”.

“Those on the front lines of the climate crisis are at the back of the line for support. The world is falling far short, both in stopping the growth of greenhouse gas emissions and starting desperately needed efforts, to plan, finance and implement adaptation in light of growing risks”.

He also pointed out that adaptation needs in the developing world are set to skyrocket to as much as $340 billion a year by 2030.

“Yet adaptation support today stands at less than one-tenth of that amount. The most vulnerable people and communities are paying the price. This is unacceptable,” Guterres said.

Gadir Lavadenz, Global Coordinator, Global Campaign to Demand Climate Justice (DCJ), told IPS COP 27 cannot be another example of how power is usurped.

“It is outrageous to still see big corporations manipulating and dominating this process. Big polluters have a role to play, stop polluting and not use the climate COPs to greenwash their actions. COP 27 must deliver a strong message to the world that the multilateral system can still play a role in the climate crisis”.

Lavadenz also pointed out that the annual $100 billion target was not only evaded systematically by developed nations, but it has demonstrated to be insufficient to deal with the magnitude of our climate crisis and there is growing evidence of this.

“COP 27, unlike its predecessor, should move away from false solutions like geo-engineering, carbon offsets, nature-based solutions and others and instead focus on the matters that have the potential to impact the most vulnerable countries and groups”.

Finance is not about cold numbers, but about the lives at risk in this very moment and that have no means to deal with a problem caused by the consumerist culture of a small privileged portion of this world.

“COP 27 cannot be remembered as just another meeting, but as a moment to show progress and hope through real solutions”, declared Lavadenz, who is the Coordinator of a global network of over 200 grassroot, regional, and global networks and organizations advocating climate justice.

Flagging a new report from the UN Framework Convention on Climate Change (UNFCCC), UN Spokesperson Stephane Dujarric told reporters October 26 that countries are bending the curve of global greenhouse gas emissions downward, but the report underscores that these efforts remain insufficient to limit global temperature rise to 1.5 degrees Celsius by the end of the century.

The report shows that current commitments will increase emissions by 10.6 per cent by 2030, compared to 2010 levels.

This is considered an improvement over last year’s assessment, which found that countries were on a path to increase emissions by 13.7 per cent by 2030, compared to 2010 levels, “but it is still not good news”.

Just 26 of 193 countries that agreed last year to intensify their climate actions have followed through, pointing Earth toward a future marked by climate catastrophes, according to the U.N. report

Meena Raman, a Senior Researcher at the Third World Network, a member organization of Global Campaign to Demand Climate Justice (DCJ), told IPS the $100 billion target is supposed to be $100 billion per year.

“This target is not expected to be realised and is complicated by how climate finance is counted.”

She pointed out that the definition of what climate finance is in itself an issue being addressed at the COP.

“Given that many developing countries are in debt distress, the provision of more loans which need to be paid back presents a very major problem for those countries who need the finance”.

What is needed, she argued, is more grants for especially tackling adaptation needs and funds to address loss and damage.

Meeting the climate finance needs of developing countries through non-debt creating instruments is critical, including through the reform and re-channeling of Special Drawing Rights as outright grants for climate finance.

COP 27 must not be a lost cause. It is the time for implementing in real terms the commitments made by developed countries, Raman declared.

US Secretary of State Antony Blinken told reporters last week: “When we were together at COP26, (in Scotland in October-November 2021), we brought forward a declaration, a statement, for the elimination or the reduction of methane gas by 30 percent by 2030.”

“We are now looking at most countries committing to this. If everyone did this, this would be the equivalent of removing all vehicles and all the ships and all the planes that are currently out in the world in terms of emissions. So, we can have a real impact. We can do what is needed to maintain the 1.5 degree Celsius rise of temperature”, he declared.

IPS UN Bureau Report

 


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