Pacific Green Achieves Planning Permit for 1GW / 2.5GWh Portland Energy Park

Sydney, Sept. 23, 2025 (GLOBE NEWSWIRE) — Pacific Green, a global battery energy storage company, has secured  planning permit from the Victorian Government for its second Australian grid–scale battery energy park located in Portland, Victoria, Australia.

The Portland Energy Park, providing up to 1GW of firming capacity, will be developed in phases over the next 36 months. Once constructed, it will become Australia’s largest battery energy park. Located in regional Victoria, in one of the State’s core industrial hubs, the energy park will significantly boost energy storage capacity, enhance Victoria’s energy stability and support the state’s transition to net–zero emissions. Once operational, the energy park will enable the avoidance of 66,900 tonnes of carbon dioxide each year.

Pacific Green undertook a comprehensive program of technical, environmental and operational assessments to support the planning and approvals process, ensuring the project minimises potential impacts and fully complies with, or exceeds, all statutory requirements. This was complemented by an extensive program of community and stakeholder engagement, including consultation with local First Peoples representatives, whose cultural heritage insights played a key role in shaping the final design of the energy park.

Following the successful development of 1GWh of battery energy storage at Limestone Coast, South Australia, Portland Energy Park represents the next step in Pacific Green’s ambition to develop its pipeline of over 7 GWh of battery energy parks across the National Electricity Market.

Strategically positioned within the industrial zoned area on Madeira Packet Road, the Portland Energy Park is in close proximity to the Portland Aluminium Smelter and the Portland Water Treatment Plant, enabling the asset to provide energy security to strategic businesses and augment existing electrical infrastructure positioned nearby.

Hon. Sonya Kilkenny, Minister for Planning commented: “Our fast–tracked pathway has unlocked more than $6 billion worth of investment into renewable energy projects – helping provide cheaper and cleaner energy to hundreds of thousands of Victorian households.”

Hon. Lily D’Ambrosio, Minister for Energy and Resources commented: “This battery will soak up cheap renewable power during the day and deliver it when demand peaks – powering 345,000 homes and slashing energy bills across the state.”

Scott Poulter, Chairman and Group CEO Pacific Green commented: “We are pleased that our second Australian asset has secured the support needed to move forward. Drawing on our global expertise in developing energy parks across the UK, Europe and Australia, the Portland project will play a major role in decarbonising Australia’s energy system. Its scale underlines our ambition to become a leading developer in the market and to accelerate the nation’s transition to renewables through a multi–gigawatt platform”

Joel Alexander, Managing Director Pacific Green Energy Storage Australia commented: “We are thrilled to reach today’s milestone as it represents a significant achievement for Pacific Green. Once operational, Portland will stand as Australia’s largest grid–scale battery, driving Victoria’s energy transition forward. At a regional level, we extend our thanks to local First Nations representatives, the community and stakeholders for their engagement, and we look forward to sharing further updates on supply chain opportunities as the project progresses.”

About Pacific Green

Pacific Green is a global energy storage and environmental technology company, on a mission to advance the transition to sustainable energy solutions.

The business is focused on rapidly building a significant global portfolio of utility–scale battery energy storage systems (BESS), with a large pipeline of energy storage capacity currently in development, construction or operation.

Pacific Green’s team brings together extensive technology, project development and project finance expertise – having commercialised numerous pioneering technologies and steered major international energy and infrastructure projects successfully through financing and development.

This in–house expertise is complemented by strategic relationships cultivated with trusted partners at all levels of the global environmental supply chain – providing access to the very best technology and manufacturing capabilities on offer, alongside internationally respected financial institutions and project partners.

For more information, visit Pacific Green’s website:
www.pacificgreen.com


GLOBENEWSWIRE (Distribution ID 9533056)

Angelini Pharma Signs Exclusive Option Agreement With Sovargen To License Global Development and Commercialization Rights For Innovative Brain Health Asset

  • Angelini Pharma secures exclusive option to license global development and commercialization rights for SVG1051, a pre–clinical investigational novel compound with broad potential to treat brain health diseases, excluding the Republic of Korea, China, Hong Kong, Macau and Taiwan
  • Sovargen receives upfront payment and is eligible for future milestone–dependent payments and royalties
  • Agreement further expands Angelini Pharma’s strong portfolio and deep therapeutic expertise in brain health, following a series of strategic partnerships in the space, including in orphan and rare epilepsy

ROME, Sept. 22, 2025 (GLOBE NEWSWIRE) — Angelini Pharma, part of the privately owned Angelini Industries, and Sovargen, a South–Korean biotechnology company, announced today that they signed an exclusive global option agreement for the development and commercialization of Sovargen’s innovative brain health asset SVG105.

Under the terms of the agreement, Angelini Pharma and Sovargen will collaboratively lead the pre–clinical development efforts for SVG105 and, following an initial option period, Angelini Pharma will have the right to advance the compound into clinical development and commercialization outside of the Republic of Korea, China, Hong Kong, Macau and Taiwan. SVG105 is a potentially first–in–class anti–sense oligonucleotide technology to target mTOR (mammalian target of rapamycin) pathways. mTOR is a genetically validated target for a number of brain health disorders, including drug–resistant childhood epilepsy.i

Sovargen will receive an upfront payment and will also be eligible to receive additional payments upon pre–defined development and commercial milestones of up to approx. US$550 million, as well as tiered royalties on post–approval net sales.

The announcement follows a number of strategic acquisitions and collaboration agreements that Angelini Pharma has entered over the course of the past two years, which have bolstered the company’s pipeline in brain health, adding to its strong portfolio in the space through sustained investment. In May 2025, Angelini Pharma and GRIN Therapeutics Inc. announced a collaboration for the development and commercialization rights outside of North America for radiprodil, an investigational drug currently being studied in multiple rare genetic epilepsies and neurodevelopmental disorders. A few days earlier, the company signed an asset purchase and assignment agreement for the development and commercialization of OmniAb’s innovative preclinical asset RO’599, a novel preclinical–stage investigational compound with broad potential to treat various brain health diseases. Last year, Angelini Pharma entered into a strategic partnership with Cureverse, a Korean spin–off of the Korean Institute of Science and Technology, which is developing small molecules with broad CNS applications. In 2023, the company partnered with JCR Pharmaceuticals, a Japanese biotech company with a breakthrough blood–brain barrier technology based on a transferrin receptor mechanism, allowing biologics to cross the barrier. Consequently, Angelini’s brain health pipeline now includes diversified and modern therapeutic modalities ranging from innovative small molecule compounds to biologics and anti–sense oligonucleotides.

“This partnership with Sovargen further solidifies Angelini Pharma’s leading role in the field of brain health, adding additional breadth to our robust portfolio and pipeline,” said Jacopo Andreose, Chief Executive Officer of Angelini Pharma. “Neurological disorders like epilepsy are major contributors to global disease challenges.ii For example, many people living with epilepsy are still unable to reach seizure control despite combination treatment of several anti–seizure medications.iii Our work on SVG105 will be motivated by the ambition to bring much–needed solutions to people living with brain health conditions across the world.”

“We are incredibly excited about the opportunity to work with Angelini Pharma to further advance SVG105,” said Cheolwon Park, Chief Executive Officer at Sovargen. “Our research so far demonstrates great potential for SVG105 to transform the treatment landscape in brain health and we are confident that Angelini Pharma’s strong therapeutic expertise will propel our research further and bring us closer to identifying new treatment options for patients in need.”

Brain Health
Brain health as a therapeutic area includes both neurological and mental health conditions.iv Brain health is defined by the World Health Organization as a state of brain functioning across cognitive, sensory, social–emotional, behavioral and motor domains, allowing a person to realize their full potential over the course of their life, irrespective of the presence or absence of disorders.v

Brain health represents an urgent global health priority. An estimated 179 million Europeans are living with brain health conditionsvi and more than 18% of all health loss around the world is associated with brain conditions.vii Additionally, brain health conditions are responsible for considerable individual, economic and societal impact, including loss of independence, reduced productivity, strained relationships, increased risk of suicide as well as high healthcare costs.viii There is an urgent need to raise awareness, and reduce stigma, prejudice and discrimination, to ensure that brain health is valued, promoted and protected for all.v

Epilepsy

Epilepsy is one of the most widespread neurological diseases in the world, affecting globally approximately 50 million people of all ages.ix In Europe, up to six million people are estimated to be living with this disease.x Epilepsy can have multiple potential causes, including structural, metabolic, genetic and other factors, though approximately half of cases worldwide do not have a known cause.ix

The complications associated with epilepsy are severe, with a risk of premature mortality up to three times higher than the general population.ix The recurrent seizures associated with this condition also have wide–ranging effects on a person’s broader physical and mental health, education and employment opportunities and other quality of life factors.ix

Treatments are available to help reduce seizures and improve quality of life, however approximately 40% of people living with epilepsy are still uncontrolled despite the treatment with two anti–seizure medications.iii

Angelini Pharma
Angelini Pharma is an international pharmaceutical company, part of the privately owned multi–business Angelini Industries. The Company researches, develops and commercializes health solutions with a focus on the areas of Brain Health, including Mental Health and Epilepsy, and Consumer Health. Founded in Italy at the beginning of the 20th century, Angelini Pharma operates directly in 20 countries, employing more than 3,000 people. Its products are marketed in over 70 countries through strategic alliances with leading international pharmaceutical groups. More information: https://www.angelinipharma.com.

Angelini Industries
Angelini Industries is a multinational industrial group founded in Ancona in 1919 by Francesco Angelini. Today, Angelini Industries represents a solid and diversified industrial reality that employs approximately 5,800 employees and operates in 21 countries around the world with revenues of over 2 billion euros, generated in the health, industrial technology, and consumer goods sectors. A targeted investment strategy for growth; constant commitment to research and development; deep knowledge of markets and business sectors, make Angelini Industries one of the Italian companies of excellence in the sectors in which it operates. More information: www.angeliniindustries.com.

Sovargen
Founded in 2018, Sovargen is a Korean biotech company pioneering treatments for intractable brain diseases caused by somatic mutations—genetic changes acquired during brain development or aging. These mutations underlie serious conditions like focal cortical dysplasia (FCD) type II, hemimegalencephaly, and brain tumors, yet remain largely unaddressed.

Sovargen’s proprietary antisense oligonucleotide (ASO) platform enables precise gene modulation in the brain. Its lead program, SVG105, is a first–in–disease ASO therapy in preclinical development for drug–resistant epilepsy caused by FCD type II. With a growing pipeline and a differentiated scientific approach, Sovargen is advancing next–generation CNS therapies to bring new hope to patients worldwide. More information: www.sovargen.com.

Contact                
Chiara Antoniucci
Global Head of Brand and Media Communications, Angelini Pharma
+39 3477133926
[email protected]

Rosie JH Lee
Director of Corporate PR, Sovargen
+82–70–5222–2771
[email protected]

1 SVG105 is an investigational compound, not approved for use by regulatory authorities.

i Data on file (Sovargen).
ii Institute for Health Metrics and Evaluation (IHME). Global burden of conditions affecting the nervous system. Available at: https://www.healthdata.org/research–analysis/library/global–burden–conditions–affecting–nervous–system Last accessed: July 2025.
iii Chen Z, Brodie MJ, Liew D, Kwan P. Treatment Outcomes in Patients With Newly Diagnosed Epilepsy Treated With Established and New Antiepileptic Drugs: A 30–Year Longitudinal Cohort Study. JAMA Neurol. 2018 Mar 1;75(3):279–286.
iv Winkler AS, et al. Lancet Glob Health. 2024;12(5):e735–e736.
v WHO. Optimizing brain health across the life course: WHO position paper. Geneva: World Health Organization; 2022.
vi Nutt D, et al. Eurohealth (Int) 2017;23:21–5.
vii IHME. Understanding brain health around the world. Available at: https://brainhealthatlas.org/ Last accessed: July 2025.
viii WHO. World mental health report: transforming mental health for all. Geneva: World Health Organization; 2022.
ix WHO. “Epilepsy Key Facts.” N.p., 9 Feb. 2023. Web. 24 Aug. 2023.
x Behr et al. Epidemiology of epilepsy. Revue Neurologique 2016 Jan; 172(1):27–36. doi: 10.1016/j.neurol.2015.11.003.


GLOBENEWSWIRE (Distribution ID 1001129265)

Coventry feiert im Monat der Lebensversicherungsaufklärung die Leistungsfähigkeit, Flexibilität und den Wert von Lebensversicherungen

FORT WASHINGTON, Pennsylvania, Sept. 22, 2025 (GLOBE NEWSWIRE) — Coventry, Marktführer und Begründer des Sekundärmarktes für Lebensversicherungen, ist stolz darauf, den Monat der Lebensversicherungsaufklärung zu würdigen, indem das Unternehmen sein unerschütterliches Engagement bekräftigt, Lebensversicherungen nicht nur zu einem unverzichtbaren Vermögenswert zu machen, sondern sie für Versicherungsnehmer überall wertvoller, flexibler und leistungsfähiger zu gestalten.

Seit über zwei Jahrzehnten ist Coventry führend bei der Erschließung dieses Wertes und hat Versicherungsnehmern mehr als 6 Mrd. USD für Policen ausgezahlt, die andernfalls gekündigt worden oder verfallen wären.

„Lebensversicherungen gehören zu den wertvollsten Vermögenswerten, die Menschen besitzen. Sie schützen Angehörige, ermöglichen Träume und helfen dabei, sich an Veränderungen im Leben anzupassen“, so Reid Buerger, CEO von Coventry. „Durch die Schaffung eines dynamischen Sekundärmarktes haben wir Versicherungsnehmern gezeigt, dass Lebensversicherungen flexible Vermögenswerte sind, mit denen sich Renditen maximieren und dauerhafter Wert schaffen lässt.“

Der Monat der Lebensversicherungsaufklärung unterstreicht die entscheidende Rolle von Versicherungen für den Schutz der Familie, die Altersvorsorge und die Nachlassplanung. Coventry setzt sich weiterhin dafür ein, dass Lebensversicherungen ihr außergewöhnliches Versprechen einlösen – Sicherheit, Flexibilität und Wert in jeder Lebensphase zu bieten.

Über Coventry

Coventry ist Marktführer und Begründer des Sekundärmarktes für Lebensversicherungen. Seit mehr als 20 Jahren treiben wir die Branche voran und erweitern die Möglichkeiten für Lebensversicherungsnehmer. Die umfassende Erfahrung von Coventry in Verbindung mit einem starken Engagement für Verbraucherrechte macht Coventry zum klaren Marktführer. Diese Position nutzen wir, um die Branchenstandards anzuheben und die Auswahlmöglichkeiten für Verbraucher zu erweitern. Bis heute haben wir mehr als 6 Milliarden USD an Versicherungsnehmer ausgezahlt, die ihre Policen nicht mehr benötigen. Weitere Informationen über Coventry finden Sie unter Coventry.com.


GLOBENEWSWIRE (Distribution ID 9532538)

Coventry Comemora a Força, a Flexibilidade e o Valor do Seguro de Vida Durante o Mês da Conscientização do Seguro de Vida

FORT WASHINGTON, Pensilvânia, Sept. 22, 2025 (GLOBE NEWSWIRE) — A Coventry, líder e criadora do mercado secundário de seguros de vida, orgulha–se de comemorar o Mês da Conscientização do Seguro de Vida, confirmando seu compromisso inabalável de tornar o seguro de vida além de um ativo essencial, também mais valioso, mais flexível e mais potente para os detentores de apólices em todos os lugares.

Há mais de duas décadas a Coventry vem revelando esse valor, com a entrega de mais de US $6 bilhões aos segurados de apólices que, de outra forma, teriam sido resgatadas ou caducadas.

“O seguro de vida é um dos ativos mais valiosos de uma pessoa, pois protege os entes queridos, alimentando os sonhos e adaptando–se às mudanças da vida”, disse Reid Buerger, CEO da Coventry. “Ao criar um mercado secundário vibrante, mostramos aos detentores de apólices que o seguro de vida é um ativo flexível que pode maximizar os retornos e oferecer valor duradouro.”

O Mês da Conscientização do Seguro de Vida destaca o papel vital dos seguros na proteção familiar, aposentadoria e planejamento imobiliário. A Coventry continua comprometida em garantir que o seguro de vida cumpra sua extraordinária promessa – proporcionar segurança, flexibilidade e valor em todas as fases da vida.

Sobre a Coventry

A Coventry é líder e criadora do mercado secundário de seguros de vida. Há mais de 20 anos, impulsionamos o setor e expandimos as oportunidades para os segurados de vida. A profunda experiência da Coventry, combinada com um determinado compromisso com os direitos do consumidor faz da Coventry a clara líder de mercado, uma posição que usamos para elevar os padrões da indústria e expandir a escolha do consumidor. Até o momento, entregamos mais de US $6 bilhões a segurados que não precisam mais de suas apólices. Para mais informações sobre a Coventry, visite Coventry.com.


GLOBENEWSWIRE (Distribution ID 9532538)

Coventry célèbre la puissance, la flexibilité et la valeur de l’assurance-vie pendant le Mois de la sensibilisation à l’assurance-vie

FORT WASHINGTON, Pennsylvanie, 22 sept. 2025 (GLOBE NEWSWIRE) — Coventry, leader et fondateur du marché secondaire de lʼassurance–vie, est fier de célébrer le Mois de la sensibilisation à lʼassurance–vie en réaffirmant son engagement indéfectible à faire de lʼassurance–vie non seulement un actif essentiel, mais également un produit plus précieux, plus flexible et plus performant pour lʼensemble des assurés.

Depuis plus de deux décennies, Coventry est à lʼavant–garde dans la mobilisation de cette valeur. Elle a versé plus de 6 milliards de dollars aux titulaires de polices qui, sans cela, auraient été rachetées ou auraient expiré.

« Lʼassurance–vie est lʼun des actifs les plus inestimables que nous possédons. Elle protège nos proches, nourrit nos rêves et nous permet de nous adapter aux changements inhérents à la vie », a déclaré Reid Buerger, PDG de Coventry. « En développant un marché secondaire dynamique, nous avons su démontrer aux assurés que lʼassurance–vie était un actif flexible susceptible de maximiser les bénéfices et d’offrir une valeur durable. »

Le Mois de la sensibilisation à lʼassurance–vie met en lumière le rôle essentiel de lʼassurance dans la protection de la famille, la retraite et la planification successorale. Coventry reste déterminée à faire en sorte que lʼassurance–vie remplisse son formidable engagement : offrir sécurité, flexibilité et valeur ajoutée à chaque étape de la vie.

À propos de Coventry

Coventry est le leader et le créateur du marché secondaire de l’assurance–vie. Depuis plus de 20 ans, l’entreprise fait progresser le secteur et élargit les opportunités offertes aux titulaires d’assurance–vie. Grâce à son expérience approfondie et à son engagement en faveur des droits des consommateurs, elle est un leader incontesté du marché. Une position dont elle tire profit pour améliorer les normes du secteur et étoffer le choix des consommateurs. À ce jour, Coventry a versé plus de 6 milliards de dollars à des assurés qui n’avaient plus besoin de leur police. Pour en savoir plus, rendez–vous sur Coventry.com.


GLOBENEWSWIRE (Distribution ID 9532538)

Coventry Celebrates the Power, Flexibility, and Value of Life Insurance During Life Insurance Awareness Month

FORT WASHINGTON, Pa., Sept. 22, 2025 (GLOBE NEWSWIRE) — Coventry, the leader and creator of the secondary market for life insurance, is proud to recognize Life Insurance Awareness Month by reaffirming its unwavering commitment to making life insurance not just an essential asset, but also more valuable, more flexible and more powerful for policyowners everywhere.

For over two decades, Coventry has led the way in unlocking this value, delivering more than $6 billion to policyowners for policies that would have otherwise been surrendered or lapsed.

“Life insurance is one of the most valuable assets people own, safeguarding loved ones, fueling dreams, and adapting to life’s changes,” said Reid Buerger, CEO of Coventry. “By creating a vibrant secondary market, we have shown policyowners that life insurance is a flexible asset that can maximize returns and deliver lasting value.”

Life Insurance Awareness Month highlights insurance’s critical role in family protection, retirement, and estate planning. Coventry remains committed to ensuring that life insurance fulfills its extraordinary promise—delivering security, flexibility, and value at every stage of life.

About Coventry

Coventry is the leader and creator of the secondary market for life insurance. For more than 20 years, we have been driving the industry forward and expanding opportunities for life insurance policyowners. Coventry's deep experience combined with a fierce commitment to consumer rights makes Coventry the clear market leader, a position we use to raise industry standards and expand consumer choice. To date, we have delivered more than $6 billion to policyowners who no longer have a need for their policies. To learn more about Coventry, please visit Coventry.com.


GLOBENEWSWIRE (Distribution ID 9532366)

UN80 – Is it time for the Re-emergence of the Global Ministerial Environment Forum?

As billions continue to breathe polluted air that causes more than 4.5 million premature deaths every year, according to the United Nations, UN climate experts have highlighted how damaging microscopic smoke particles from wildfires play their part, travelling halfway across the world. Credit: Climate Visuals/Anna Liminowicz. UN News September 2025

By Jan-Gustav Strandenaes
KNAPSTAD, Norway, Sep 22 2025 – “We shall have to do more with less” was the summary message from a meeting in Oslo, Norway, this spring (2025), where the Minister of Foreign Affairs of Norway, Espen Barth Eide and Guy Ryder, Under-Secretary-General for Policy at the UN and Chair of UN80, both spoke about UN80 and the necessity to reform the UN.

The UN80 initiative is, according to Secretary-General Antonio Guterres, “a system-wide push to streamline operations, sharpen impact, and reaffirm the UN’s relevance for a rapidly changing world”. “We will come out of this process with a stronger, fit-for-purpose UN, ready for the challenges the future will undoubtedly bring us,”

Ryder has said. The precarious financial situation of the UN family has, however, led many to say that these nice words are euphemisms for a dramatic UN reform, fearing a necessary downscaling of many of its important activities.

This article builds on previous articles on clustering around the Triple Planetary Crisis of pollution (see How Clustering Multilateral Environmental Agreements Can Bring Multiple Benefits to the Environment by Michael Stanley Jones), climate change (see UN 80: Clustering the Climate Change Conventions by Stacey Azores ), and biodiversity loss (see Towards Enhancing Synergies among Biodiversity-Related MEAs: Addressing Fragmentation with Strategic Coordination.

Clustering biodiversity conventions by Hugo-Maria Schally) and most recently, the article on the possibility of clustering the three science bodies (see Better Use of the World’s Expertise in Navigating the Polycrisis by Peter Bridgewater and Rakhyun Kim).

The UN 80 process enables us to look at some of the history of the UN Environment Programme and how to make it more “agile, integrated, and equipped to respond to today’s complex global challenges”. A historic lens is needed, and it would be wise to see if elements of this history can be resurrected and a debate around them can be reenergized to accomplish the goals of the present reform process.

The institutional constraints of UNEP

Where is UNEP in all this? UNEP is a Programme under the UN General Assembly, UNGA, one of the Charter Bodies. As such, any change in UNEP’s structure and status has to be recognised by the UNGA. The UNGA has the power to directly affect UNEP’s work, as well as the outcomes of the UN Environment Assembly, UNEA, even though UNEA is also a body with universal membership.

What was the Global Ministerial Environment Forum?

There is no positive and tangible results without continuity. Since its inception, UNEP has been run by the Governing Council, GC, which consisted of 54 member states elected for a three year period. The GC met in Nairobi every two years, effectively diminishing UNEP’s role as a consistent guardian of environmental issues, at least at the political level.

As environmental problems increased over the years, there was an increasing need for more continuous political decision-making to meet and solve environmental issues, and the Global Ministerial Environment Forum, the GMEF, was established, among others, in order to answer to this challenge.

Conceived as a Special Session, the 6th since the founding of UNEP, the first GMEF took place in the city of Malmoe in Sweden in the year 2000. It was hailed as a success, for several reasons. One notable aspect was that 73 Ministers of Environment attended and engaged in various debates, including exerting political leadership.

Even though 73 member states attended with their environment ministers – the highest ever at the time at an international conference – it is well to remember that the UN then consisted of 189 member states.

A significant outcome document was the Malmoe Declaration, which outlines in no uncertain terms the environmental challenges, that UNEP was the preeminent global organisation on environmental issues and that there is an urgent need for UNEP and all stakeholders to engage and work to safeguard the environment.

UNEP with increasing knowledge in environment, still lacking in authority

Knowledge and understanding of environmental issues grow constantly and makes clear to all its inherent complexity, resulting in new and sometimes divergent environmental themes demanding new political approaches.

On the verge of the 21st Century, and sensing new and dramatically different challenges, the then Secretary General of the UN, Kofi Annan, outlined these challenges in his report to the UN GA in 2000, called “We the peoples: The role of the UN in the 21st Century.” Here, he called for a Millennium Ecosystem Assessment to be delivered. New environmental issues were identified, and the multitude of these issues was another reason for establishing the GMEF in 2000. There was a need to try to develop policy coherence.

The third GMEF was held in Cartagena, Colombia, in February 2002, and nearly 100 Ministers of Environment attended. Again, the presence of Ministers proved advantageous to the deliberations and outcome results. This conference also became a an important informal preparatory meeting for the upcoming World Summit for Sustainable Development, WSSD, to be held later that year in Johannesburg.

The delegates at this GMEF emphasised the importance of this forum, and the proposal to organise a GMEF in odd years and not in Nairobi was tabled and agreed to. Annual high-level conferences on the environment were agreed as a necessity. Another interesting proposal tabled was that membership in the GMEF should be universal, an idea that took ten years to materialise. It was not until Rio+20 in 2012 that universal membership at a UN body dealing with environmental policies, the UNEA, was agreed to.

The 11th Governing Council and Global Ministerial Environment Forum was held in Nusa Dua, Indonesia in 2010. A simultaneous extraordinary Conference of the Parties to the Basel, Rotterdam and Stockholm Conventions, three Multilateral Environmental Agreements, was held back-to-back with the GC/GMEF.

The conference had an overarching objective of enhancing cooperation and coordination and improving synergies in multilateral environmental agreements. As one report states, the meeting broke new ground and set an example of resource-saving coherence among MEAs and perhaps even within the UN system.

Without a seemingly proper analysis of the benefit of annual meetings, the GC/GMEF processes were discontinued with the adoption of the UN Environment Assembly, the UNEA, which held its first session in 2014, and the process was back to high level environment meetings every second year. As the UNEAs were to be held every other year, this decision actually lost the continuity which had been established with the GC/GMEF process.

With the increasing environmental challenges, not the least their complexity, maybe the time has now come to reinstitute annual UN environmental conferences and use the model which was established by the GC/GMEF process – every other year in Nairobi, and the intermittent year in a capital of a member state.

Strengthening UNEP and UNEA by re-establishing the GMEF.

If we re-establish the GMEF and combine it with the UNEAs, we would accomplish a continuity of high-level political and policy-oriented meetings for the environment. The UNEA would, if this were to take place, continue as it is presently organised, but the GMEF would be different. Two UN entities would play centre-stage: The MEAs and the Science-Policy Interfaces

UNEP has been designated by the governing bodies of eight MEAs, to provide secretariat functions to those conventions. This host relationship established with UNEP, means that UNEP is providing administrative and financial support for each secretariat to carry out its responsibilities.

UNEP has for a long time been at the forefront of scientific research on environmental issues. Three Science Policy Interface systems have been established and receive support from UNEP.

The oldest is the Intergovernmental Panel on Climate Change, the IPCC established in 1988. The Intergovernmental Science-Policy Platform on Biodiversity and Ecosystem Services, the IPBES, is less known to the outer world compared to IPCC. It began functioning in 2014 with a secretariat based in Bonn.

The Intergovernmental Science-Policy Panel on Chemicals, Waste and Pollution, ISP-CWP, is a new, independent intergovernmental body established to strengthen the global science-policy interface. It began its official existence in June this year (2025).

What could the agenda for the Forum be? It would have to complement and support the upcoming UN Environment Assembly. There would also be other overarching thematic priorities – the Triple Planetary Crises, the current Medium-Term Strategy and the Programme of Work.

The GMEF could be a place where the three established clusters of MEAs, focusing on pollution (chemicals and waste), biodiversity, and climate change, could meet to address synergies, gaps, and potential areas for collaboration.

The MEAs could identify relevant work of a common nature that exists between the conventions and explore interlinkages between them. All this could be informed by the first day of a GMEF when the three science bodies could have identified and presented crucial environmental issues to be solved.

As the meeting would take place midway between the HLPF, the outcome report could also deal with the environmental elements of the SDGs to be dealt with by the next HLPF.

This proposed agenda involves clustering around themes of the Triple Planetary Crisis of pollution, biodiversity loss and climate change, ideas, and implementation across science and environmental governance to influence political priorities.

As the GMEF would begin with presentations by the three science bodies outlining urgent issues relating to the Triple Planetary Crises, their presentations could inform the discussions throughout the week but also support any member state in their negotiations at the GMEF as all stakeholders would discuss common problems.

Focus of a systemic nature could be on the inherent inefficiencies in use of financial resources, the MEAs could look at inconsistencies in the international legal systems, they all could discuss functional inefficiencies, but most importantly identify their failures to address interlinkages.

When “forced by a common agenda”, they would all have to focus their priorities on the same themes and thus cluster their input.

An example of an area addressed by the three clusters together could be that of nitrogen, currently under discussion, which exemplifies a cross-cutting theme that could challenge all the UN units mentioned here to explore their approach to addressing it. And if all are assembled in a five-day conference, that could quite possibly happen.

Could such a meeting be financed? The old GMEF was partly financed by the hosting city and country. These cities gave generous grants to the conference, knowing full well that they would earn ten-fold in return as a consequence of participation from 193 member states delegations coming to their city.

The best outcome for UNEP in UN80

UNEP and UNEA lacks proper funding, but perhaps its biggest weakness, which hampers its many efforts to be the preeminent global environment organisation, is UNEP’s lack of authority and political status. This is perhaps the major reason that hampers its efforts to improve its own system.

Substantial improvements in its internal institutional system will always be difficult as long as UNEP is merely a programme under the General Assembly. The GA’s own rules of procedure, its standing in the UN system, and its geographical placement in New York, makes it the key organisational body of the UN, which, by its own position in the UN hierarchy, also makes it a rigid organisation. Whereas UNEP hosts delegations from ministries of the environment, the UNGA delegations are from ministries of foreign affairs.

These ministries address environmental problems in different ways. Whereas foreign offices are among the most important government entities in a country and have, by and large, a generalist understanding and competence on environmental issues, environmental ministries have environmental expertise but are weak in terms of political clout. During the last two decades, environment ministries have also suffered a serious reduction of political influence in several countries, a few have even been closed down.

UN80 can start the process of finishing the work of Klaus Toepfer and Achim Steiner, two former Executive Directors at UNEP, on clustering the biodiversity conventions, and if UNFCCC comes under UNEP, it will provide an opportunity for a cluster on climate change. The creation of a more coordinated and effective science platform will help member states to have the right information and address the environmental issues they raise in a coordinated way.

By focusing on conventions under UNEP management, we gain a more coherent approach, albeit one that does not cover all relevant conventions, but one that will have a greater impact on addressing the Triple Planetary Crisis of pollution, biodiversity loss, and climate change. The proof of concept for the chemicals and waste cluster successfully carried out at the 11th GMEF in 2010 should show us the way.

The re-establishment of the Global Environmental Ministers Forum enables member states at a high level to address the interlinkages, gaps and work programmes of the three established clusters. Wouldn’t it be great to have this ready for 2030 when we will address the future approach to the 2030 Agenda for Sustainable Development? A stronger UNEP has been the vision for many people for a long time. UN80 enables the chance to make that a reality.

Jan-Gustav Strandenaes is a Senior Adviser, Stakeholder Forum. In 2018, he was appointed by the German Government to a peer group assessing its national Sustainability Strategy.

IPS UN Bureau

 


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Axi Announces Retirement of Chief Commercial Officer Louis Cooper

SYDNEY, Sept. 22, 2025 (GLOBE NEWSWIRE) — Axi, a leading global online trading and fintech company, today announces the retirement of Louis Cooper, Chief Commercial Officer. Louis will formally step down from his executive responsibilities at the end of September 2025 but will remain a shareholder and a valued part of the Axi family.

Since joining Axi in 2016, Louis has been instrumental in the company’s transformation from a regional trading firm to a globally recognised broker serving clients in more than 100 countries. As CCO, Louis led with a clear vision for commercial growth, operational excellence, and customer value — helping to position Axi as one of the most trusted and innovative brokers in the industry.

CEO Rajesh Yohannan praised Louis’ impact on the business, saying: “Louis has played an integral role in building Axi into the global brand it is today. While we will miss him, we are immensely grateful for his contributions and pleased that he will remain connected to Axi as a shareholder and ongoing supporter of our mission.”

Louis Cooper reflected on his time with Axi, saying: “It has been a privilege to be part of Axi’s remarkable journey. I am incredibly proud of what we have accomplished together. I leave knowing that Axi is in strong, capable hands, and I have absolute confidence in the Executive and Senior Management Team to take the company forward to even greater heights.”

Details of his successor and further leadership updates will be announced in due course.

About Axi

Axi is a global online trading company, trusted by tens of thousands of traders in over 100 countries. We offer award–winning customer support, market–leading technology, and a wide range of trading instruments including FX, CFDs, crypto–currencies, indices, and commodities.

Our purpose is to give our clients and partners an edge — through better technology, transparent pricing, powerful tools, and trusted service. As a partner to traders of all levels, we are committed to delivering transparency, integrity, and value in everything we do.

For more information about Axi visit : www.axi.com

Media Contact: [email protected]

Promoted by AxiTrader Ltd. OTC Derivatives carry a high risk of investment loss. This content may not be available in your region. T&Cs apply.

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The Humanitarian Sector is at a Breaking Point: Here’s How to Fix It

A child being screened for malnutrition as part of Action Against Hunger’s work in Isiolo County, Kenya. — February 5, 2025. Credit: Abel Gichuru for Action Against Hunger

By Michelle Brown
NEW YORK, Sep 22 2025 – As world leaders convene in New York, September 22-30, for the 80th session of the UN General Assembly, they will confront a humanitarian sector in crisis. With only 9% of the $47 billion requested for global humanitarian needs currently funded, the sector faces what UN Emergency Relief Coordinator Tom Fletcher calls “a crisis of morale and legitimacy” alongside devastating funding cuts. So where do we go from here?

The UN’s Humanitarian Reset, launched this past March, represents the most ambitious attempt in decades to transform how we deliver aid. Rather than viewing this as just another round of reform, we must see it as an opportunity to build something fundamentally better: a system that is locally-led, globally supported, and dramatically more efficient.

The Crisis Driving Change

The scale of today’s humanitarian challenge is daunting. Humanitarian needs continue to increase while funding dwindles, forcing impossible ethical choices about which kinds of programs to prioritize and which communities to serve.

Recent cuts to US foreign aid have accelerated this crisis, leaving organizations scrambling to maintain essential services while thousands of humanitarian workers face layoffs.

Critics have claimed that we are a wasteful, divided bureaucracy. Our response must be to demonstrate that we are efficient, united, independent, and saving lives. If this moment of constraint is forcing our sector to confront uncomfortable truths, it also may unleash us to more fully deliver on our promise.

Reimagining Roles for Maximum Impact

The reset’s core insight is that each actor in the humanitarian ecosystem has unique strengths. Rather than competing for the same roles, we should optimize for what each does best.

    • UN agencies excel at diplomacy, coordination, and norm-setting. Their relationships with national authorities and convening power are irreplaceable. But direct implementation often isn’t their strength, and their structures can be prohibitively expensive with high overhead costs and complex security requirements.

    • International NGOs bring technical expertise, can access hard-to-reach areas, and maintain principled independence. They can bridge global knowledge with local realities, strengthen national systems, and operate in contexts where civic space is restricted.

    • Local and national organizations are the frontline responders with deep community knowledge and long-term presence. They understand cultural dynamics, can negotiate access more effectively, and provide the foundation for sustainable systems.
    Communities in access-constrained areas have built schools through diaspora funding, negotiated their own security arrangements, and created supply chains that reach areas many international organizations cannot.

This clarification of roles should drive funding decisions.

If the role of UN agencies is focused on norm and standard-defining, coordination, and pass-through, more resources will be available for international, national, and local actors to drive implementation. The goal isn’t to bypass the UN, but to optimize the entire system. Fund UN agencies for diplomatic engagement and coordination. Fund international NGOs for implementation and technical assistance. Fund local organizations for community engagement and sustainable service delivery.

Cash, Data, and Dignity

Three innovations deserve acceleration regardless of funding levels.

Cash-based programming, particularly multi-purpose transfers, exemplifies the reset’s principles. It’s cost-effective, context-sensitive, and upholds recipient dignity while promoting local ownership. We should shift towards cash-transfer programming where possible.

Similarly, better data sharing and early warning systems can dramatically improve targeting and coordination. Donors should continue to fund a more harmonized data collection and data sharing system for better diagnosis, targeting and coordination of needs, reducing duplication while improving effectiveness.

Critically, as the system streamlines, we cannot lose sight of how central protection must be to all of our work. Most humanitarian crises are protection crises, even if they aren’t acknowledged as such. Gender-based violence services, child protection, and civilian safety aren’t add-ons to humanitarian response—they’re foundations that enable all other interventions to succeed.

The Path Forward

The humanitarian reset isn’t about doing less with less; it’s about doing differently with what we have. It’s about moving from a system driven by the money we can raise to one based on greatest need, even more rooted in and responsive to the communities we serve.

As member states discuss UN80 reforms during this General Assembly session, they must resist the temptation to simply cut programs. Instead, they should invest in the transformation needed to make humanitarian aid more efficient and effective. Member states attending UNGA 80 must champion a humanitarian system that measures success not by institutional survival, but by lives saved and communities empowered.

This means supporting innovative funding mechanisms, investing in local capacity, and having the courage to redistribute power from global headquarters to frontline communities. Fundamentally, radical reform requires those with power to give it away.

The choice facing world leaders in New York is clear: continue with a system that struggles to meet growing needs, or embrace a reset that puts communities at the center and optimizes every actor’s unique contribution.

The humanitarian sector’s breaking point can become its transformation moment, but only if we have the courage to truly reset how we work.

Michelle Brown is Associate Director of Advocacy, Action Against Hunger

IPS UN Bureau

 


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OPEC Fund mobilizes over US$1 billion to advance sustainable development

VIENNA, Sept. 22, 2025 (GLOBE NEWSWIRE) — The OPEC Fund for International Development (the OPEC Fund) announced the approval of more than US$1 billion in new development financing during the 193rd meeting of its Governing Board and throughout the third quarter of 2025. In a landmark move to further strengthen its development mandate, the institution also successfully issued its first–ever Euro–denominated benchmark bond, raising €500 million on international capital markets.

OPEC Fund President Abdulhamid Alkhalifa said: “The new approvals, alongside our inaugural Euro benchmark bond, are a clear demonstration of our commitment to delivering more for our partner countries. We are deepening our support for resilience, inclusive growth and climate action, while laying the groundwork for long–term opportunities. As we approach our 50th anniversary in 2026, these twin milestones highlight our ability to innovate, grow and drive transformational impact for decades to come.”

The recently approved operations will support transformative projects across Africa, Asia, Latin America and the Caribbean, spanning health, education, clean energy, water and sanitation, sustainable livelihoods and resilient infrastructure:

Public Sector Operations

  • El Salvador: US$70 million to co–finance Surf City Program – Phase II, upgrading roads, expanding sanitation for 70,000 people and improving climate resilience in La Libertad’s tourism zone.
  • Eswatini: US$50 million policy–based loan to support fiscal reforms, strengthen competitiveness and build climate resilience.
  • Fiji: US$30 million for the Pacific Healthy Islands Transformation Project, modernizing health services in Pacific SIDS with digital integration and workforce training.
  • Kyrgyz Republic: US$30 million policy–based loan for the First Sustainable & Inclusive Growth Program, advancing energy reform, social services and business competitiveness.
  • Lesotho: US$40 million for the Integrated Transport, Trade & Logistics Project, rehabilitating roads, bridges and airport facilities to boost trade and safety.
  • Malawi: US$27 million for the Jenda Water Supply & Sanitation Project, providing safe water and improved waste management in a key agricultural hub.
  • Morocco: €100 million policy–based loan to support Economic Governance & Climate Resilience, enhancing efficiency in water and energy management while expanding private sector participation.
  • Papua New Guinea: US$50 million for the Learning Enhancement & Access Project, improving early education for 375,000 students and training 9,000 teachers.
  • Saint Lucia: US$20 million to upgrade the Sir Julian R. Hunte Highway, reducing travel times and improving safety for nearly 95,000 residents.
  • South Africa: US$150 million policy–based loan for Infrastructure Modernization advancing transport and energy reforms for a low–carbon transition.
  • Türkiye: €150 million for the Kars–Iğdır–Aralık–Dilucu (KIAD) Railway Project, constructing a 224 km electrified line to strengthen Eurasian trade connectivity.
  • Uganda: US$30 million for Local Economic Growth Support – Phase II, enhancing agriculture, rural infrastructure and financial inclusion for 3.5 million people.

Private Sector Operations & Trade Finance:

  • Bangladesh: US$30 million to expand trade finance for MSMEs and agribusiness.
  • Côte d’Ivoire: €40 million for a 372 MW combined–cycle power plant, expanding energy security and capacity.
  • Egypt: US$40 million for a 1,000 MW solar–plus–storage facility in Aswan, one of Africa’s largest clean energy plants.
  • Jordan: US$25 million subordinated loan to expand MSME and climate lending.
  • Oman: US$50 million for a large–scale industrial facility producing renewable energy inputs, supporting diversification.
  • Paraguay: US$25 million A–loan as part of an up–to US$50 million OPEC Fund–led syndicated facility to expand SME financing, with focus on women–led enterprises and agriculture.
  • Regional Africa: US$75 million to support cocoa trade finance in Côte d’Ivoire and Ghana, improving traceability and boosting farmer livelihoods.

Strengthening the OPEC Fund’s financial base
The successful €500 million Euro benchmark bond marks a milestone in the OPEC Fund’s funding strategy, broadening its investor base and reinforcing its position as a credible and innovative development finance institution.

The proceeds of the bond will be used to finance and refinance projects aligned with the OPEC Fund’s development mandate, with a strong focus on sustainability and long–term impact.

About the OPEC Fund
The OPEC Fund for International Development (the OPEC Fund) is the only globally mandated development institution that provides financing from member countries to non–member countries exclusively. The organization was established in 1976 with a distinct purpose: to drive development, strengthen communities and empower people in low– and middle–income countries around the world. Our work is people–centered, focusing on financing projects that meet essential needs, such as food, energy, infrastructure, employment (particularly relating to MSMEs), clean water and sanitation, healthcare and education. To date, the OPEC Fund has committed more than US$30 billion to development projects in over 125 countries with an estimated total project cost of more than US$200 billion. The OPEC Fund is rated AA+/Outlook Stable by Fitch and S&P Global Ratings. Our vision is a world where sustainable development is a reality for all.

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