Bitdeer Announces New 4nm Bitcoin Mining Chip SEAL01

SINGAPORE, March 04, 2024 (GLOBE NEWSWIRE) — Bitdeer Technologies Group (NASDAQ: BTDR) (“Bitdeer” or the “Company”), a world–leading technology company for blockchain and high–performance computing, today announced the successful testing of its first Bitcoin mining chip, the SEAL01. Powerfully efficient, SEAL01 is designed for integration into Bitdeer’s new SEALMINER A1 mining machines.

The SEAL01 chip is created using an advanced 4–nanometer process technology in partnership with a world–leading semiconductor foundry. Initial tests indicate an exceptional power efficiency of 18.1 J/TH.

Jihan Wu, Founder, Chairman, and Chief Executive Officer of Bitdeer, commented, “With the successful testing of our new mining chip, I am very excited to formally announce the introduction of both the SEAL01 chip and the SEALMINER A1 as core to our new mining machines business. These products showcase our technology excellence and position us well for the future.”

The future of Bitcoin mining demands highly efficient technology, lower operating costs and a reduced environmental footprint for miners. The SEAL01 empowers miners to navigate the evolving Bitcoin mining landscape with a superior solution that provides efficiency and stability while adhering to the principles of sustainable mining.

Bitdeer’s global research and development team with specialization in chip design, firmware and system hardware have been tasked with breaking new ground in performance and efficiency to unlock emerging opportunities that continue to strategically position the Company following the upcoming Bitcoin halving event.

About Bitdeer Technologies Group

Bitdeer is a world–leading technology company for blockchain and high–performance computing. Bitdeer is committed to providing comprehensive computing solutions for its customers. The Company handles complex processes involved in computing such as equipment procurement, transport logistics, datacenter design and construction, equipment management, and daily operations. The Company also offers advanced cloud capabilities to customers with high demand for artificial intelligence. Headquartered in Singapore, Bitdeer has deployed datacenters in the United States, Norway, and Bhutan. Investors and others should note that Bitdeer may post information about the Company on its website at https://ir.bitdeer.com/or on its accounts on Twitter, Facebook, LinkedIn or other social media platforms. It is possible that the postings could include information deemed to be material information. Therefore, the Company encourages investors, the media and others interested in the Company to review the information it posts on its website at https://ir.bitdeer.com/ and on its social media accounts. Follow Bitdeer on Twitter at @ BitdeerOfficial and LinkedIn @ Bitdeer Group. Information that Bitdeer may post about the Company on its website and/or on its accounts on Twitter, Facebook, LinkedIn or other social media platforms may contain forward–looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties. You should not place undue reliance on forward–looking statements contained on the Company’s website and/or on the Company’s accounts on Twitter, Facebook, LinkedIn or other social media platforms, and the Company undertakes no obligation to publicly update forward–looking statements, whether as a result of new information, future events or otherwise.

Forward–Looking Statements

Statements in this press release about future expectations, plans, and prospects, as well as any other statements regarding matters that are not historical facts, may constitute “forward–looking statements” within the meaning of The Private Securities Litigation Reform Act of 1995. The words “anticipate,” “look forward to,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” “would” and similar expressions are intended to identify forward–looking statements, although not all forward–looking statements contain these identifying words. Actual results may differ materially from those indicated by such forward–looking statements as a result of various important factors, including factors discussed in the section entitled “Risk Factors” in Bitdeer’s annual report on Form 20–F, as well as discussions of potential risks, uncertainties, and other important factors in Bitdeer’s subsequent filings with the U.S. Securities and Exchange Commission. Any forward–looking statements contained in this press release speak only as of the date hereof. Bitdeer specifically disclaims any obligation to update any forward–looking statement, whether due to new information, future events, or otherwise. Readers should not rely upon the information on this page as current or accurate after its publication date.

Media Inquiries
pr@bitdeer.com

Contacts

Investor Relations
Robin Yang, Partner
ICR, LLC
Email: Bitdeer.ir@icrinc.com
Phone: +1 (212) 537–5825

Public Relations
Brad Burgess, SVP
ICR, LLC
Email: Bitdeer.pr@icrinc.com
Phone: +1 (212) 537–4056


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International Women’s Day, 2024The Misogynistic Minority

By Joseph Chamie
NEW YORK, Mar 4 2024 – A minority of the world‘s population appears to be misogynistic and continues to oppose efforts to achieve gender equality and empower women and girls. The misogynistic minority cannot be permitted to undermine gender equality policies supported by large majorities of the public worldwide.

National surveys across different regions of the world find large majorities of the public supporting gender equality and saying it is very important for women in their country to have the same rights as men.

The majorities supporting gender equality vary from highs of 90 percent or more in countries such as Canada, Sweden and the United Kingdom to lows of approximately 55 percent in Kenya, Russia and South Korea (Figure 1).


Source: Pew Research Center.

Among the misogynistic minority too many consider women as inferior to men, treat them as their personal property, deny them control over their lives and bodies, restrict their political, social and economic rights, and too often ridicule, intimidate and physically abuse them.

The misogynists also generally dismiss the fundamental principles of the equality of men and women enshrined in international documents, treaties, declarations and instruments, such as the Universal Declaration of Human Rights. Misogynists also tend to oppose the gender equality laws and policies that are incorporated in many regional treaties and national instruments.

The current struggle for gender equality follows a lengthy history of oppression of women through men’s use of authority, law, physical force and violence. In many societies around the world, women and girls have been unjustly held back from achieving full equality and enjoying their basic human rights.

In nearly all societies in the past women were under the control of their fathers and husbands and held back from making personal decisions and achieving equality with men.

In general, women had few options or choices for supporting themselves outside of marriage and were wed or forced to marry typically at relatively young ages with the primary aims being to provide sexual relations, bear children and maintain or work in a family household.

It was only until around the beginning of the 20th century did countries begin passing legislation ensuring women the right to vote and stand for election. The first country to permit women to vote was New Zealand in 1893. About a decade later, it was followed by Australia, Finland, Denmark and Iceland.

A couple of decades later, women were granted the right to vote in the United States and the United Kingdom. Approximately a century later, the most recent countries allowing women to participate in elections are Bhutan, Kuwait, Saudi Arabia and the United Arab Emirates.

By around the middle of the 20th century, more than half of all countries had granted women the right to vote, although some initially had restrictions for women of certain backgrounds based on age, education, marital status or race. Today none of the world’s nearly 200 countries bar women from voting because of their sex (Figure 2).


Source: Inter-Parliamentary Union.

Various organizations have compiled rankings and indexes indicating the standing of countries on gender equality and the rights and well-being of women. Among the countries with some of the highest ratings on gender equality and the basic rights of women are Denmark, Finland, Iceland, New Zealand, Norway, the Netherlands, Switzerland and Sweden.

In contrast, some of the countries with the lowest ratings on women’s rights and equality also typically suffer from civil conflict, which undermines efforts aimed at gender equality and the well-being of women. Among those countries are Afghanistan, Chad, Democratic Republic of Congo, Somalia, South Sudan, Sudan, Syria and Yemen.

Particularly noteworthy is the dire situation of gender equality in Afghanistan. It is the only country in the world with bans on female education and employment.

Sociocultural factors, traditional practices and beliefs in Afghanistan have contributed to the country’s dire situation of gender equality in both education and employment. Girls are banned from attending secondary school and women’s employment is all but prohibited with the exceptions being in the areas of health and education.

In addition to differences among countries, significant differences in gender equality and the status of women can also vary within countries. In the United States, for example, some of the states that have attained the highest levels on women’s well-being, health and safety are Connecticut, Maine and Massachusetts, while at the other end of the ranking are Alabama, Arkansas and Louisiana.

Although women make up 50 percent of the world’s population of 8 billion, their representation among governments and participation in politics is considerably less. At all levels of decision-making and policy formulation, especially in the areas of defense and the economy, women are underrepresented.

The education of girls and women is widely recognized to be one of the world’s best investments, providing a basic foundation for a lifetime of learning and advancing and empowering girls and women. Worldwide the rates of school enrollment at the primary, secondary and tertiary levels are getting closer to equal for girls and boys (Figure 3).


Source: Global Gender Gap Report.

About two-thirds of all countries have reached gender parity in primary school enrollment. However, the completion rates in many developing countries are lower for girls than boys. In addition, globally an estimated 129 million girls, 32 million at the primary level and 97 million at the secondary level, are not in school.

At the tertiary educational level, women’s enrolment has increased considerably with female students outnumbering male students. However, female students are heavily enrolled in the arts, social science and humanities rather than undertaking science, technology, engineering and math degrees.

With respect to participation in the formal labor force, a considerable gender gap exists with the rates for men and women being approximately 75 and 50 percent, respectively. However, most of the work done by women outside the formal labor force globally is unpaid.

The level of female participation in the labor force varies considerably across regions. While in most regions more than half of all women aged 15-64 years participate in the labor market, only a quarter or less do so in the regions of South Asia and the Middle East and North Africa.

Women are also more likely to spend double the amount of time than men caregiving, tackling domestic chores and doing housework. Among children aged 5 to 14 years, girls also spend considerably more time than boys on unpaid household chores.

Another major development that has influenced gender equality considerably was the introduction of women’s modern methods of contraception beginning in the 1960s. Those methods, especially oral contraceptive pills, intrauterine devices and implants, permitted women to choose the number, timing and spacing of their births.

That ability in turn reduced the fear of unintended pregnancy, reduced the incidence of abortion and provided women with the control over their reproductive lives similar to those of men. Women’s control over their reproduction also permitted them to pursue higher education, careers, employment, recreation, travel, decide on life styles and participate more fully in society.

Notable progress on the equality of women and men has been made during the recent past. However, the world is not on track to realize Goal 5 of the United Nations Sustainable Development Goals to achieve gender equality and empower all women and girls by 2030.

At the current rate of progress, it is estimated that it will take hundreds of decades to achieve gender equality, in particular closing gaps in legal protection and removing discriminatory laws. Reducing that lengthy time frame will require making investments in policies and programs aimed at accelerating the progress.

In addition to those investments, the basic rights of women need to be protected and enforced. Practices that oppress women need to be removed and the personal decisions and life choices of women recognized and promoted.

Also, importantly, the attitudes, objections and behavior of the world’s misogynist minority cannot be permitted to undermine gender equality policies called for and supported by large majorities of the public worldwide.

Joseph Chamie is a consulting demographer, a former director of the United Nations Population Division and author of numerous publications on population issues, including his recent book, “Population Levels, Trends, and Differentials“.

IPS UN Bureau

 


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Excerpt:

The following opinion piece is part of series to mark International Women’s Day, March 8.

International Women’s Day, 2024Progress Hinges on Feminist Leadership

By Lysa John
PORT LOUIS, Mauritius, Mar 4 2024 – Investing in inclusion requires more than electing and initiating women leaders. It requires a coordinated effort to change mindsets and systematically increase investments. This will allow feminist leaders, individually and collectively, to fully exercise their agency and counter targeted attacks on their safety and legitimacy.

A great deal of attention has been paid to the accomplishments of women in politics and society in recent years. Joan Carling, Francia Marquez, Maria Ressa, Amira Osman Hamed, and Narges Mohammadi have received global accolades for their vision and fearless activism.

Amid the pandemic, women leaders like Jacinda Ardern, Sanna Marin, Tsai Ing-Wen, and Angela Merkel outpaced their strongman counterparts by leading complex responses. During this period, the UN achieved gender parity in its senior leadership, including its national missions and peace operations, for the first time in history.

The leadership of women has been visible not just in institutions but also on the streets. Across the world, women human rights defenders have acted boldly for change despite severe restrictions. Movements such as #MeToo, #FreeSaudiWomen, #NiUnaMenos and #AbortoLegalYa are examples of women advancing systemic change for equality and justice. Women led peaceful demonstrations and civil disobedience actions as part of the Sudan uprising in 2018.

In 2022, the killing of Mahsa Amini sparked a large-scale and intersectional uprising for democracy. Across borders, Iranians demonstrated for ‘Women, Life, Freedom.’ They hit home the point our societies are incomplete if women are denied the right to participate in political, economic, and societal activities fully.

While the United States made headlines with its Supreme Court ruling restricting abortion rights in 2022, other countries like Ireland, San Marino, Colombia, and Mexico have turned the tide. They legalized abortion following years of struggling for their right to choose.

An uphill battle

Despite these achievements, there has been no respite in the attacks targeting women’s rights and their leadership. Civic space has never been worse since the launch of CIVICUS Monitor in 2018. 118 countries now face serious civic space restrictions. Only 2.1 percent of the world’s population lives in countries with open civic space. Intimidation, protest disruption, and detentions of protesters were the top violations documented in 2023.

These repressive strategies are extensively used to push back against women’s and LGBTQI+ people’s rights. Gender and sexuality remain at the centre of a culture war waged by a well-organised and funded international network of anti-rights forces leveraging these issues for political advantage.

South Korea’s national election in 2022 stands out as an example of how disinformation distorted the public and policy discourse against women’s rights. In his campaign, South Korea’s president-elect, Yoon Suk Yeol, actively legitimized the notion that moderate advances in gender equality were responsible for young men’s struggles in the current labour market. He pledged to abolish the Ministry for Gender Equality and Family and promised to increase punishments for the offence of making a false claim of sexual assault, a move likely aimed at making it harder for women to report real crimes.

But women are fighting back, in South Korea and elsewhere. Despite relentless anti-rights disinformation campaigns and owing to multi-year advocacy efforts, Indonesians passed a Sexual Violence Bill to criminalise forced marriage and sexual abuse and enhance protections for victims. In Spain, a new Law on the Guarantee of Sexual Freedom, based on the principle of consent, was passed to challenge widespread impunity for sexual and gender-based violence.

Women made up less than 34 percent of country negotiating teams at the COP27 climate conference, and only seven of the 110 world leaders were present. In response, gender equality was featured as a key theme during the COP28 climate conference last year.

A ‘Decision on Gender and Climate Change’, which lays the basis for future advancement of gender equality and women’s rights in future COP processes was adopted and 68 parties endorsed a Gender-Responsive Just Transitions & Climate Action Partnership, which includes a package of commitments on finance, data and equal opportunities.

Feminist leaders

In the recent past, several countries have elected or inaugurated their first-ever female political leaders. This includes Tanzania’s Samia Suluhu Hassan, Honduras’s Xiomara Castro, Slovenia’s Natasa Pirc Musar, and Peru’s Dina Boluarte. In Australia, a newly elected progressive government included a record number of women and brought the welcome promise of a U-turn on its predecessor’s policies of climate denial.

And yet, other contexts have provided a stark reminder that female leadership isn’t necessarily a victory for women, especially when feminist leadership principles aren’t at the fore. Examples include Hungary’s first female President, Katalin Novak, a close ally of authoritarian Prime Minister Viktor Orbán and a staunch supporter of his anti-gender policies. Italy’s first woman Prime Minister, Giorgia Meloni, has also, unfortunately, loudly touted anti-feminist values.

For generations, women have been subjected to rules they’ve had no role in making. Women’s movements all over the world have experienced the frustration of unsuccessfully calling for laws that benefit women. They have been struck down by the countries’ legislative bodies, made up mostly of men. Globally, women still have only three-quarters of the legal rights afforded to men. They continue to be grossly underrepresented in the places where decisions are made on issues that deeply affect them.

Invest in a feminist future

According to UN data, feminist organizations receive only 0.13% of official development assistance. Only five percent of government aid is focused on tackling violence against women and girls, with no country on track to eradicate intimate partner violence by 2030. If current trends continue, more than 340 million women and girls will still live in extreme poverty by 2030.

Close to one in four will experience moderate or severe food insecurity and as many as 236 million more women and girls will be food-insecure under a worst-case climate scenario. While progress has been made in girls’ education, women’s share of workplace management positions is estimated to remain below parity, even by 2050.

When CIVICUS interviewed Terry Ince from the CEDAW Committee of Trinidad and Tobago, she highlighted, “Women are running but not necessarily winning. To win, they would need financial and coordination support. It is not just about being in the room, but at the table, contributing, being listened to and having their ideas examined, pushed forward and implemented.”

There is a lot left to do to ensure greater representation at all levels. Only four women have been elected as president of the UN General Assembly in its 76-year history. The UN has never had a woman Secretary-General.

The 2024 International Women’s Day arrives with women heavily impacted by conflicts, crises, democratic erosion, and anti-rights regression. On the 8th of March, women will take to the streets in solidarity with those experiencing the brunt of regression. We collectively resist and take action and celebrate victories scored thanks to longstanding struggles.

The struggle for justice and progress will continue until we realize the dream of a healthier, safer and equitable world for all. To make this reality come true, we must invest in women and feminist future.

Lysa John is Secretary-General of CIVICUS, a global alliance of over 15,000 members working to strengthen citizen participation and defend civic freedoms. She has championed human rights and international mobilisation for over twenty-five years, starting her journey with grassroots organisations in India and subsequently spearheading trans-national campaigns for governance accountability. Her former roles include working as Global Campaign Director for Save the Children and Head of Outreach for the UN panel that drafted the blueprint for the Sustainable Development Goals. She can be reached through her LinkedIn page or X handle: @lysajohnSA.

IPS UN Bureau

 


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Excerpt:

The following opinion piece is part of series to mark International Women’s Day, March 8.

Saudi Arabian private capital increasingly focused on domestic growth in 2024 and beyond — Preqin reports

LONDON, March 04, 2024 (GLOBE NEWSWIRE) — Preqin, the global leader in alternatives data and insights, has published The Rise of Private Capital in Saudi Arabia: Preqin Territory Guide report.

The report finds two key themes are driving the future of Saudi Arabia’s position in the private capital landscape: The first theme is Saudi Arabia’s government, investors, and corporates are fostering partnerships with fund managers to bring further knowledge, infrastructure development, and co–investment to the country. From fund managers’ perspectives, Saudi Arabia is now more than just a location for raising investor capital. The second theme is Saudi Arabian appetite for domestic investment through private markets, which continues to swell as home–grown entrepreneurialism, and so investment opportunities, burgeon.

New role for private capital and fund managers in Saudi Arabia

The government–led Saudi Vision 2030 project is fulfilling its purpose of increasing economic, social and cultural diversification as Saudi Arabia moves beyond its ‘peak–oil’ era. A key element of this transition is the private markets.

For over 30 years, Saudi Arabia has proved one of the world’s most reliable destinations for raising private capital. But in 2024, Saudi Arabia will elevate this historic relationship with fund managers through stronger collaboration with them, focusing on deploying capital domestically to advance economic projects. In turn, it is fulfilling its Saudi Vision 2030 ambitions.

Fund managers have recognized their opportunity to capitalize on Saudi Arabia’s growth trajectory in recent years. Between 2018 and January 2024, Preqin data shows that the number of Saudia Arabia–based fund managers increased by 213%, or from 47 to 147.

Appetite for domestic investment: Private equity and venture capital deals

David Dawkins, lead author of the report, at Preqin, says: “In 2024, Saudi Arabia is increasingly looking to use private capital to support the country's burgeoning entrepreneurial class in preparation for life after oil. To help build domestic businesses and create jobs for its young population, investors in the region are seeking to collaborate with fund managers on knowledge transfer, infrastructure development, and co–investment.”

By the end of 2023, the gap almost entirely closed between the number of private equity and venture capital deals that Saudi Arabian investors completed at home, compared to those overseas. 118 were completed in Saudi Arabia and 119 completed abroad, in 2023. In comparison, Saudi Arabia completed 100 private equity and venture capital deals domestically and 151 abroad, in 2022.

Saudi Arabia proved a sunny spot during the venture capital ‘winter’ of 2020 to 2023, where deal making slowed globally. Venture capital aggregate deal value in Saudi Arabia reached $1.02bn in 2023, rising from $794mn in 2022.

Additional key findings of The Rise of Private Capital in Saudi Arabia Preqin Territory Guide include: 

  • Venture capital co–investment: There were 47 venture capital deals between non–Saudi Arabian fund managers and Saudi Arabian investors from 2018 to 2023. Almost three quarters, or 34, of the 47 deals were made between 2021 and 2023, highlighting the momentum of this trend going into 2024 and beyond.
  • Notable venture capital deals: Tamara, a banking, payments, and shopping platform, became the Kingdom’s first fintech unicorn after securing $340mn in a Series C equity funding round in December 2023.
  • Number of Saudi Arabia–focused private capital managers: By the end of 2021, there were 131 active managers focused on capital deployment in Saudi Arabia. By January 2024, there were 276, representing a 111% increase over the period.

If you would like more information or would like to speak with the report author, please contact Dawn Bowles at dawn.bowles@preqin.com

About Preqin

Preqin, the Home of Alternatives™, empowers financial professionals who invest in or allocate to alternatives with essential data and insight to make confident decisions. It supports them throughout the entire investment lifecycle with critical information and leading analytics solutions. The company has pioneered rigorous methods of collecting private data for 20 years, enabling more than 200,000 professionals globally to streamline how they raise capital, source deals and investments, understand performance, and stay informed. For more information visit www.preqin.com.


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Gordon Brothers Offering for Sale by Private Treaty Royal Falcon One Superyacht

London, March 04, 2024 (GLOBE NEWSWIRE) — Gordon Brothers, the global asset experts, is exclusively offering for sale by private treaty the Royal Falcon One superyacht.

Royal Falcon One was built in 2019 and is the world’s only luxury catamaran superyacht created by Studio F.A. Porsche. The vessel is a generous four–deck, 10–berth catamaran benefiting from best–in–class design and artisanry.

The superyacht has a range of 1,200 nautical miles and boasts onboard facilities including five VIP suites, four crew cabins, 10–seat dining table, three bars and a relaxing sundeck featuring a lounge area and jacuzzi. A shallow draft enables the yacht to access and anchor in the most secluded coves.

“Royal Falcon One presents a unique opportunity for the discerning buyer to acquire a one–of–a–kind catamaran under 500 gross tons,” said Oliver Veart, Director, Marine & Valuations at Gordon Brothers. “The vessel is berthed in Genoa, Italy and available for prompt delivery in time for the Mediterranean summer season.”

For further details, please contact Oliver Veart at oveart@gordonbrothers.com. For vessel specifications, please visit our website.

Gordon Brothers has established a dedicated marine services and valuations practice that leverages decades of experience buying, selling and valuing assets in the commercial and industrial economy across Australia, Brazil, Canada, the U.K., Europe, Japan and the U.S. The firm provides advisory services including fleet and vessel renewal analysis, disposition and investment strategies.

About Gordon Brothers

Since 1903, Gordon Brothers (www.gordonbrothers.com) has helped lenders, management teams, advisors and investors move forward through change. The firm brings a powerful combination of expertise and capital to clients, developing customized solutions on an integrated or standalone basis across four services areas: valuations, dispositions, financing and investment. Whether to fuel growth or facilitate strategic consolidation, Gordon Brothers partners with companies in the retail, commercial and industrial sectors to provide maximum liquidity, put assets to their highest and best use and mitigate liabilities. The firm conducts more than $100 billion worth of dispositions and appraisals annually and provides both short– and long–term capital to clients undergoing transformation. Gordon Brothers lends against and invests in brands, real estate, inventory, receivables, machinery, equipment and other assets, both together and individually, to provide clients liquidity solutions beyond its market–leading disposition and appraisal services. The firm is headquartered in Boston, with over 30 offices across five continents.


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UN Environmental Assembly Call for Action to Address Planetary Triple Threat

Children at a dried community borehole in Turkana, Kenya. Climate change, a subject of discussion at UNEA-6, has been blamed for droughts in the region. Credit: Maina Waruru/IPS

Children at a dried community borehole in Turkana, Kenya. Climate change, a subject of discussion at UNEA-6, has been blamed for droughts in the region. Credit: Maina Waruru/IPS

By Maina Waruru
NAIROBI, Mar 4 2024 – The  Sixth United Nations Environmental Assembly (UNEA-6)  ended with delegates calling for firm actions to address the triple planetary crisis of climate change, nature loss, and pollution.

The assembly also reaffirmed its call for “environmental multilateralism” in seeking solutions to the threats, noting that time was running out fast before the threats could besiege the planet and make life a bigger nightmare, especially for the underprivileged.

The concept has been part of the main messages amplified by United Nations Environmental Programme (UNEP) Executive Director Inger Andersen and part of its clarion call as well.

Also topping their calls is the plea for countries to remain on course in implementing the principles of the Paris Agreement, with many noting that the pact provided an ambitious roadmap to boldly ‘tame the climate crisis” by cutting greenhouse gas (GHG) emissions.

While delegates at the five-day assembly at the UNEP headquarters in Nairobi, Kenya, which ended on Friday, March 1, 2024, observed with satisfaction that efforts at curbing plastic pollution could soon become a reality, some expressed concern that a Ministerial Declaration issued at the end of the event was not explicit on the urgency of actions needed to end the plastic crisis, nor did it mention the legally binding agreement on ending plastic pollution.

The agreement is currently under negotiation, and parties meet in Montreal, Canada, in April, where a deal could be reached.

“We emphasize the importance of advancing integrated, science-based approaches, informed by the best available science and the traditional knowledge of Indigenous Peoples as well as local communities, in order to strengthen resilience to current, emerging, and future challenges and promote global solidarity.”

United Nations Environmental Programme (UNEP) Executive Director Inger Anderson

United Nations Environmental Programme (UNEP) Executive Director Inger Andersen. Credit: UNEP

“We recall General Assembly resolution 76/300 of July 28, 2022, on the human right to a clean, healthy, and sustainable environment,” the five-page ministerial statement read.

The 21-point document issued at the closing of the event was also emphatic on the need for effective, inclusive, and sustainable multilateral actions to tackle climate change, biodiversity loss, and pollution, reaffirming “all the principles of the Rio Declaration on Environment and Development, as well as the 2030 Agenda for Sustainable Development and its Sustainable Development Goals.”

The ministers of environment from 182 member states acknowledged the threats posed to sustainable development by global environmental challenges and crises, including climate change, biodiversity loss, and pollution, as well as desertification, land and soil degradation, drought, and deforestation.

The gathering passed a record 15 resolutions and two decisions, as proposed by various delegations, with some being hailed as very critical, while others were viewed as crucial and timely.

Raising the most curiosity is a resolution by Ukraine, calling for “environmental assistance and recovery in areas affected by armed conflicts,” which was endorsed despite being introduced on Thursday. The country is involved in armed conflict with Russia, and has been exposed to risks, including nuclear accidents, by the fighting.

On its part, Saudi Arabia sponsored one calling for “strengthening international efforts to combat desertification and land degradation, restore degraded land, promote land conservation and sustainable land management, contribute to land degradation neutrality and enhance drought resilience.”

Others included resolutions on considering environmental aspects of minerals and metals, the call for circularity of a resilient and low-carbon sugar cane agro-industry, promoting sustainable lifestyles, an appeal for action on sound management of chemicals and waste, action on highly hazardous pesticides fronted by Ethiopia, and a call for action on combating sand and dust storms by Iran.

“I am proud to say this was a successful Assembly, where we advanced on our core mandate: the legitimate human right to a clean, healthy, and sustainable environment, everywhere,” said Leila Benali, UNEA-6 President and the Minister of Energy Transition and Sustainable Development of Morocco. “As governments, we need to push for more partnerships with stakeholders to implement these mandates. We need to continue to partner with civil society, continue to guide and empower our creative youth, and also with the private sector and philanthropies,” the minister added.

UNEA-6 elected Abdullah Bin Ali Amri as President to preside over UNEA-7.

UNEA-6 elected Abdullah Bin Ali Amri as president to preside over UNEA-7. Credit: UNEA

Decisions arrived at the assembly are “most often” followed by actions and UNEP and member states will initiate actions based on the resolutions, assured Andersen, UNEP’s Executive Director.

At the same time, the assembly was told that more than a third of the world’s population is drowning in garbage, with over 2.7 billion people not having their waste collected, largely in the developing regions of the world.

Out of the number, 2 billion people are living in rural areas, while 700,000 of them are in urban areas, a new United Nations report launched at the assembly revealed.

The report, Turning rubbish into a resource: Global Waste Management Outlook 2024 (GWMO 2024)  revealed that an estimated 540 million metric tons of municipal solid waste, an equivalent of 27% of the global total waste, was not being collected, with only 36% and 37% of the refuse generated in Sub-Saharan Africa and Central and South Asia regions, respectively, being collected.

This was in sharp contrast to the situation in developed and upper-middle-income countries, where almost all of the waste was collected, at admirable rates of between 83% for the Caribbean, and 99% for North America. This is against a global average waste collection rate of 75%, the report, further revealed.

It predicts that the waste generated is set to grow in volume from 2.3 billion metric tons in 2023, to 3.8 billion metric tons by 2050, worsening the burden of managing it.

“In 2020, the global direct cost of waste management was estimated at USD 252 billion. When factoring in the hidden costs of pollution, poor health, and climate change from poor waste disposal practices, the cost rises to USD 361  billion,” it notes.

“Without urgent action on waste management, by 2050, this global annual cost could almost double to a staggering USD 640.3 billion,” it adds.

So far, no country in the world, including the developed ones, has managed to ‘decouple’ development from waste generation, with the two going hand-in-hand as they always have, noted lead author Zoë Lenkiewicz.

“We recommend that the world needs to integrate the principles of just transition and circularity to better manage waste. Note with concern that many countries need to build their national expertise in waste management,” she said.

At the same time, the global production and consumption of material resources have grown more than three times over the last 50 years, growing at an average of more than 2.3 percent a year, despite the increase being the main driver of the triple planetary crisis.

The consumption and use of the resources are largely driven by demand in upper-income countries, with the extraction and processing of material resources including fossil fuels, minerals, non-metallic minerals, and biomass accounting for over 55 percent of GHC emissions, and 40  percent of particulate matter health poisoning in the environment.

Their extraction and processing, including that of agricultural crops and forestry products, accounts for 90 percent of land-related biodiversity loss and water stress, and for a third of GHC, while the extraction and processing of fossil fuels, metals, and non-metallic minerals, including sand, gravel, and clay, account for 35 percent of global emissions.

Despite this, resource exploitation could increase by almost 60% from 2020 levels by 2060-from 100 to 160 billion metric tons—far exceeding what is required to meet essential human needs, according to the UNEP report,  Global Resources Outlook 2024 – Bend the trend: Pathways to a Liveable Planet as Resource Use Spikes tabled at the event.

Meanwhile, UNEA-6 has elected a new president to preside over UNEA-7, Abdullah Bin Ali Amri, Chairman of the Environment Authority of Oman, who takes over from Benali.

Over 5,600 people from 190 countries participated in the proceedings held between February 26 and March 1.

IPS UN Bureau Report

 


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Gaza Massacre and Western Hypocrisy

By Anis Chowdhury
SYDNEY, Mar 4 2024 – Israeli troops opened fire targeting the Palestinians, gathered around food aid trucks, killing at least 112 and injuring hundreds on 29 February. The massacre happened, about a month after the International Court of Justice (ICJ) ordered provisional measures for Israel to refrain from all acts under the Genocide convention. Ironically Israel was supposed to report to the Court, within one month, of all measures taken in line with its order. Israel has been emboldened by a beholden US.

Anis Chowdhury

Beholden US
The US rejected the South Africa’s genocide case against Israel before the ICJ as “counterproductive, meritless and without any evidence”. It continued to “believe that allegations of genocide are unfounded” even after the ICJ provisional orders and noted that the court did not call for a ceasefire.

President Joe Biden did not condemn the shootings, but said Washington was checking “two competing versions” of the killings. He only feared that the event would complicate the on-going efforts to broker a hostage exchange deal and a temporary so-called humanitarian pause. So, the US asked only for a clarification from the Israeli government while the rest of the world demanded an independent inquiry.

Unsurprisingly, Israel initially pinned “the blame on the crowd”, crushed and trampled in a stampede when aid trucks arrived; then the IDF inquiry found no wrongdoing by its soldiers “felt threatened” when hundreds of Palestinians approached them. It did not care to say how an army, equipped with most advanced weapons, could be threatened by hungry unarmed Palestinians, requiring indiscriminate firing.

Three days later, the US Vice-President, Kamala Harris, called for an immediate ceasefire. She called out Israel for not doing enough to ease a “humanitarian catastrophe”.

However, hypocritically, she ignored that it is her country that is allowing this to happen. The US repeatedly blocked all ceasefire attempts at the United Nations, continues to supply deadly weapons and unconditionally finance Israel’s war. It has urged the ICJ not to issue a ruling calling for Israel’s immediate withdrawal from the occupied Palestinian territories.

Worse, Kamala Harris now “urges” Hamas to accept a ceasefire deal even when Israel declined to send its negotiators to Cairo for the latest round of ceasefire talks, claiming without evidence that Hamas’s Gaza chief Yahya Sinwar has no intention of reaching an agreement and plans to escalate violence over Ramadan.

Hypocrisy galore
As the US provides diplomatic cover and signs blank cheques for Israel, Israel continues to block aid deliveries to Gaza. It knows very well that US calls for opening more entry points and accelerating aid deliveries are just lip-service.

The US and its Western allies were quick to defund the UNRWA, responding to unfounded Israeli allegations against it. This was despite repeated warnings by the United Nations and humanitarian organisations about the impending famine and on-going humanitarian disasters, and ICJ’s provisional order for all parties to take all measures to prevent plausible genocidal acts.

Having allowed this humanitarian catastrophe to occur, Harris now says, “People in Gaza are starving. The conditions are inhumane and our common humanity compels us to act”. This act now merely involves air dropping of food, simply a public relations move.

Dave Harden, former USAID director to the West Bank, told Al Jazeera “The airdrops are symbolic and designed in ways to appease the domestic base”.

Scott Paul, who leads Oxfam’s US government advocacy work, said on X, “Oxfam does not support US airdrops to Gaza, which would mostly serve to relieve the guilty consciences of senior US officials whose policies are contributing to the ongoing atrocities and risk of famine in Gaza”.

While Palestinians in Gaza have been pushed to the absolute brink, dropping a paltry, symbolic amount of aid into Gaza is deeply degrading to Palestinians. As Dave Harden said, “Really what needs to happen is more crossings [opening] and more trucks going in every day… The US has the ability to compel Israel to open up more aid and by not doing that we’re putting our assets and our people at risks and potentially creating more chaos in Gaza”.

Mahjoob Zweiri, the director of the Gulf Study Centre in Doha, agrees. He asked, “Why not send food in through Karem Abu Salem? There are 2,000 trucks waiting to get into Gaza” at border crossings, while food and medicines pile up for months past their expiry dates.

The number of trucks decreased by 40% since the ICJ ruling, according to the United Nations Office for the Coordination of Humanitarian Affairs (OCHA).

Israel continues killings
Israeli attacks have killed at least 3,523 Palestinians in Gaza in the month after the ICJ ordered Israel to prevent genocide. An average of 120 Palestinians were killed every day. At least 5,250 Palestinians were injured in Israeli attacks.

Since ICJ’s call for ensuring humanitarian aid deliveries, Israel successfully maimed UNRWA. It banned the UN rapporteur for the West Bank and Gaza and moved to boot out UNRWA from buildings on state lands. It stopped renewing visas to aid workers providing vital humanitarian support to Gaza. Israel claims, without evidence, that many of the humanitarian organisations have a hostile political agenda.

“The stark absence of humanitarian space and lack of supplies we’re witnessing in Gaza is truly horrific,” says Lisa Macheiner, Médecins Sans Frontières / Doctors Without Borders (MSF) project coordinator in Gaza.

“If people are not killed by bombs, they are suffering from food and water deprivation and dying from lack of medical care”, as Israel is using “humanitarian aid as a strategic weapon”.

Anis Chowdhury is Adjunct Professor, School of Business, Western Sydney University. He held senior United Nations positions in the area of Economic and Social Affairs in New York and Bangkok.

IPS UN Bureau

 


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Venezuela Bids Farewell to Its Last Glacier, Wrapped in Plastic

An armed forces helicopter flies over the area of La Corona, which will be covered by a plastic blanket, on the Humboldt Peak in the Andes. It is the last glacier in Venezuela and will possibly disappear in less than two years. CREDIT: Harrison Ruiz / Minec

An armed forces helicopter flies over the area of La Corona, which will be covered by a plastic blanket, on the Humboldt Peak in the Andes. It is the last glacier in Venezuela and will possibly disappear in less than two years. CREDIT: Harrison Ruiz / Minec

By Humberto Márquez
MÉRIDA, Venezuela, Mar 4 2024 – Venezuela has undertaken the task of covering the remains of its last glacier, La Corona, on Humboldt Peak at 4,900 meters above sea level in the Andes mountains in the southwest of the country, with plastic “blankets” to slow the inevitable end of this icy patch of its mountain landscape and source of legends.

“We are not going to change the rhythm of nature, but we’re trying to curb the loss of the strip of glacier that we have left, for research and contributions that can be useful for other Andean countries where glaciers are also receding,” Toro Belisario, director of the Ministry of Ecosocialism (Minec) in the southwestern Andean state of Mérida, told IPS.”A couple of dying hectares is all that remains of the nearly 1,000 hectares of glaciers that Venezuela had in the Sierra Nevada de Mérida at the beginning of the 20th century. They are the first victims of global warming.” — Julio César Centeno

The 1.8-hectare remains of the glacier will be covered with 80-meter-long polypropylene geotextile “blankets” brought from Italy in 35 rolls weighing 80 kilos each, which will be lifted by armed forces helicopters to the camp on the Humboldt Peak.

Some academics are opposed to the project, claiming that it has not been properly studied and that it is a vain effort to resist climate change and poses environmental risks for mountain species and rural and urban communities that could be polluted by plastic waste.

Belisario acknowledged that at the rate at which the glacier is retreating, one hectare per year, it has little life left, under the burden of climate change and the impact of the El Niño weather phenomenon blowing warm winds over the Pacific Ocean that alter the temperature in the region.

On the other hand, he defended the usefulness of the data that the initiative and its monitoring can provide month after month, for Venezuela and neighbors such as Peru, where numerous communities depend on glaciers as a source of water.

Perpetual snow disappeared decades ago from Bolívar Peak, Venezuela's highest mountain at 4978 meters above sea level. Other glaciers in the Venezuelan Andes also melted during the 20th century. CREDIT: JC Centeno Chair

Perpetual snow disappeared decades ago from Bolívar Peak, Venezuela’s highest mountain at 4978 meters above sea level. Other glaciers in the Venezuelan Andes also melted during the 20th century. CREDIT: JC Centeno Chair

Environmental expert Julio César Centeno, a professor at the University of the Andes (ULA) in Mérida, told IPS that “the most that can be expected from the initiative is to prolong for a couple more years the final ordeal of the tiny, dying portion of the glacier that remains.”

Centeno and other ULA researchers warned in a press release that “it could cause environmental and ecological damage to the glacier and surrounding areas of the Andes highlands, as well as potentially affecting neighboring populations, due to air and water pollution from micro and nano plastics.”

The criticism asserts that Minec has failed to comply with current legislation, in terms of broad and informed consultation with local communities, presentation of an environmental impact study available to the public, and working together with concerned institutions, such as the university.

A century of retreat

“A couple of dying hectares is all that remains of the nearly 1,000 hectares of glaciers that Venezuela had in the Sierra Nevada de Mérida at the beginning of the 20th century. They are the first victims of global warming,” Centeno said.

This mountain range is in the center of the Venezuelan Andes – a 450 kilometer mountainous strip – with “perpetual snow” on its high peaks, Bolivar – 4978 meters above sea level, the highest in the country – La Concha, Toro, Humboldt and Bonpland.

La Corona glacier, between the Humboldt and Bonpland peaks, once covered 400 hectares, and even hosted a national ski championship. It has lost more than 99 percent of its original size, largely due to global warming. CREDIT: JC Centeno Chair

La Corona glacier, between the Humboldt and Bonpland peaks, once covered 400 hectares, and even hosted a national ski championship. It has lost more than 99 percent of its original size, largely due to global warming. CREDIT: JC Centeno Chair

All of them have shrunk over the years, but in 1956 a national ski championship was held in the mountains. However, at the end of the last century only the La Corona glacier remained, on the Humboldt Peak, which with 400 hectares had also covered part of the Bonpland mountain, before losing 99.7 percent of its original extension.

Centeno explained that in countries such as Germany, Austria, France, Italy and Switzerland, glaciers are being covered with plastic blankets to reflect solar radiation and reduce energy absorption, but only during the summer months and especially in ski resorts. The costs are charged to the users.

There are also cases in Chile, China and Russia, and in most cases the glaciers to be covered are not only in latitudes far from the tropics but at lower altitudes than in Mérida, with more exposure to wind, sun and rain, which provide harsher conditions for the geotextile coverings.

This led ULA experts to warn of greater risks of deterioration of the tarps, and ruptures or tears leading to the spread of micro and nano plastics that the air and water would carry to agricultural and urban communities, such as the city of Mérida at the foot of the Sierra, with a population of around 300,000 people.

 View of the city of Mérida, at the foot of the Sierra Nevada. For centuries the regional capital has had an intense mythical, utilitarian and artistic link with its mountains. CREDIT: Espasa Mérida

View of the city of Mérida, at the foot of the Sierra Nevada. For centuries the regional capital has had an intense mythical, utilitarian and artistic link with its mountains. CREDIT: Espasa Mérida

Five white eagles

Since its foundation in 1558, the city has had a close relationship with its snow-capped mountains, ranging from enraptured contemplation to the utilitarian source of income provided by the highest cable car in the world, reaching from the city to 4765 meters above sea level in the Sierra.

In literature, the best-known reference is “The Five White Eagles”, which dates back to 1895, in which the humanist Tulio Febres Cordero (1860-1938) wrote down a legend of the Mirripuyes Indians, one of the groups that lived in the area when the Spaniards arrived in the sixteenth century.

The legend has it that five huge white eagles with silver wings flew over the mountains and Caribay, the first woman, daughter of the sun and the moon, fell in love with them and wanted the birds’ feathers to adorn her head.

Caribay ran along the ridges chasing the shadows of the birds but, when she was about to reach them, the eagles dug their talons into the cliffs and turned to stone, forming the five masses of ice that crowned the Sierra.

Since then, according to the legend, the occasional snowfalls are simply the awakening of the eagles, and the whistling of the wind in the highlands is an echo of the sad, monotonous song of Caribay as she fails to reach her silver trophy.

 The governor of the state of Mérida, Jehyson Guzmán (R) receives the rolls of polystyrene, purchased in Italy, with which the La Corona glacier will be partially covered. Environmental academics are alert to the risk of eventual deterioration becoming a source of plastic pollution. CREDIT: Harrison Ruiz / Minec

The governor of the state of Mérida, Jehyson Guzmán (R) receives the rolls of polystyrene, purchased in Italy, with which the La Corona glacier will be partially covered. Environmental academics are alert to the risk of eventual deterioration becoming a source of plastic pollution. CREDIT: Harrison Ruiz / Minec

Political presence

In justifying the plastic blanket project, Belisario said that “because of what this legend represents for the cosmovision of people from Mérida, we must not allow the glacier to disappear without contributing what we can to its study, and to the mitigation and adaptation to climate change.”

Centeno lamented that the eagles “no longer flap their wings, and their feathers no longer glitter. We all believed that because of their grandeur they were indestructible. They were swallowed by human indifference.”

In conversation with IPS, Ana Medina, a high school teacher in Mérida, and Yajaira Méndez, a shopkeeper in the municipal market, agreed that at home young people “must have once studied the legend of the white eagles” but that they are hardly aware of the end of the glacier.

“The people of Mérida love their mountains but have no information, and the glacier covering is not a topic that is talked about on a daily basis,” Euro Lobo, a veteran journalist in the city, told IPS.

Centeno said there may be political interest, in this year in which the country will hold a presidential election and it is expected that the current President Nicolás Maduro will seek reelection for a third six-year term.

“Perhaps the government wants to show that it is interested in saving as much as possible of the jewel that represents the last glacier for the city and the country,” said Centeno.

This monument to the Five White Eagles is on the outskirts of the city of Mérida. A legend written down in the late 19th century by writer Tulio Febres Cordero is a cultural icon. CREDIT: Samuel Hurtado / IAM Venezuela

This monument to the Five White Eagles is on the outskirts of the city of Mérida. A legend written down in the late 19th century by writer Tulio Febres Cordero is a cultural icon. CREDIT: Samuel Hurtado / IAM Venezuela

Operation Protection

The governor of the state of Mérida, Jehyson Guzmán, of the ruling United Socialist Party of Venezuela, and General Ruben Belzares, the area’s military chief, announced on Feb. 21 that the new phase of the “Operation Protection of the Humboldt Peak Glacier” began.

“This is about rescuing the last glacier in Venezuela, the last stretch of ice that nature donated in its landscapes to the Mérida territory. We are involved in the struggle to rescue, preserve and maintain it as far as possible,” said Belzares.

He pointed out that a helicopter has been prepared to transport material and equipment, and reconnaissance flights have been carried out near the summit.

Guzmán said that the first camp has been set up and its 26 members are ready to begin work as soon as weather conditions permit, since there was unusual snowfall for the end of February.

Since December the region has had high temperatures, “generating higher pressure on the glacier. That is why the deployment is important, because at this accelerated rate of heat at the end of the year we may not have any glacier left,” said Guzmán.

He reported that in the Sierra Nevada all types of burning and logging have been prohibited, as well as climbing with spiked shoes.

He also specified that the geotextile blankets will not be placed directly on the entire glacier, but in the surrounding areas where the ice sheet is weakening, where melting has been the most accelerated.

The final flapping of the wings of the last of the eagles will occur under a polystyrene blanket.