World
Next UN Climate Talks Are Critical To Plot Aid For Poorer Nations, Says Incoming President
Washington — The man who will lead the United Nations climate talks in November sees the negotiations as a critical link in international efforts to combat global warming.
The conference in Baku, Azerbaijan, must build on last year’s successful agreement to transition away from fossil fuels, according to Mukhtar Babayev, Azerbaijan’s environment minister, who will preside over the COP29 discussions in the fall. And this fall’s gathering must create the path for countries to collaborate in 2025 on more robust plans to reduce heat-trapping gases, according to Babayev.
Baku is the location to find common ground on how affluent countries may provide financial assistance to poorer countries who do not contribute as much to global warming but suffer more from climate change, Babayev said in a 30-minute interview with The Associated Press at the Azerbaijan Embassy in Washington.
Next UN Climate Talks Are Critical To Plot Aid For Poorer Nations, Says Incoming President
“We need to consider any possible actions or activities to bring the parties to be closer to each other,” he said. “We consider Baku as a bridge between the developing and developed world.”
However, the bridge is still under construction.
Most previous climate discussions, known as Conferences of the Parties (COPs), took years to arrange. However, due to geopolitics in Eastern Europe, world leaders were unable to agree on a location for COP29 ahead of time. This is crucial since the host country has the presidency and controls the agenda.
Baku was picked in December as part of a peace agreement between warring Armenia and Azerbaijan.
Babayev will not officially assume command of discussions until November 11, when COP29 begins in Baku. Successful climate discussions can require months or years of travel and labor by president-designates like Babayev to provide the groundwork for agreements and coalitions.
“We only had 10 months to prepare,” Babayev explained. Azerbaijan only recently chose a venue, Baku’s enormous Olympic stadium, to accommodate the approximately 85,000 people who attend these conferences. “A lot of things, they’re not clear now but I think within this year everything will be more or less clear.”
Babayev stated that his team is currently gathering information, meeting individuals, and developing connections, but has not yet established precise goals for the conference.
But there is one overarching goal: more financial assistance for developing countries to transition to cleaner energy systems and deal with the increased heat, floods, storms, and droughts caused by climate change.
“The agenda is to invite all the donors to at least increase their contribution for developing countries,” he stated. “Because with the climate change there we are daily faced with all these impacts.”
This week, Babayev referred to bright and sticky Washington weather, which was 78 degrees (25.6 degrees Celsius), or 8 degrees (4.4 degrees Celsius) warmer than typical. He stated that Baku is currently experiencing similar temperatures, which are also much above usual. He used Dubai, which hosted last year’s climate conference, as an example of the disastrous flooding that occurred this week, which Kazakhstan and other nations experienced.
Next UN Climate Talks Are Critical To Plot Aid For Poorer Nations, Says Incoming President
Babayev referred to early February in Baku, when temperatures reached a record 24 degrees Celsius (75 degrees Fahrenheit), breaking the previous February high by 2 degrees Celsius (3.6 degrees Fahrenheit): “That is not natural. It’s not typical.
Babayev, 56, was in Washington for the spring meetings of the World Bank, the International Monetary Fund, and other major financial institutions. He and his colleagues were primarily gathering information. Simon Stiell, the United Nations climate secretary, urged those financial institutions this week to make substantial adjustments, including debt relief for poor countries, to combat global warming and its consequences.
But Babayev is looking at another group: the private sector, which includes banks, investment companies, and so on.
“We call on the private sector to be very active and responsible about this and to be ready to not delay with the offers, the proposals for climate finance,” Babayev said a news conference.
Babayev, like the current COP president, Sultan al-Jaber of Dubai, CEO of the Abu Dhabi National Oil business, spent several years working for the Azerbaijani state-owned oil business. Activists and academics have long criticized the oil sector — one of the largest emitters of heat-trapping gases — for its influence in these United Nations negotiations, which increased last year when it was led by an oil executive. However, al Jaber and Babayev claimed their industry ties are more useful in bringing corporations to the table and getting things done.
Next UN Climate Talks Are Critical To Plot Aid For Poorer Nations, Says Incoming President
Babayev also expressed hope that Baku, where the world’s first oil fields were developed in 1846 and Azerbaijan led the world in oil production in 1899, can demonstrate how this “oil and gas country of the past” can lead the world down a green path by increasing renewable energy, particularly wind power.
However, according to statistics from experts at the Global Carbon Project, Azerbaijan’s carbon dioxide emissions from the use of fossil fuels have increased by 13% over the last decade.
SOURCE – AP
World
Felipe VI of Spain Pelted with Mud By Angry Protesters
Angry protesters pelted Felipe VI of Spain with mud and other objects during a visit to flood-hit Valencia. Spain’s national broadcaster reported that two bodyguards were treated for injuries.
Felipe VI of Spain and Queen Letizia, Spain’s prime minister, and other leaders were met with shouts of “murderer” and “shame” as they traversed the town of Paiporta, which is one of the most severely afflicted in the region.
King Felipe and Queen Letizia were later observed offering comfort to individuals in the throng despite being covered in mud on their faces and clothing.
The floods, which were the most severe in Spain in decades, resulted in the deaths of over 200 individuals. In the hopes of locating survivors and recovering corpses, emergency personnel are still working to search underground car parks and tunnels.
In response to the floods, there has been a wave of resentment toward the authorities for their perceived failure to provide adequate support and warning.
The king was observed walking down a pedestrian street when a sudden surge of demonstrators who hurled insults and screamed, causing his bodyguards and police to be immediately overwhelmed.
Some of the demonstrators threw mud and objects, which made it difficult for them to maintain a protective ring around the monarch.
Felipe VI of Spain Greets Mob
Images depicted the king, queen, and entourage, who held canopies over the monarch as they departed, with mud on their faces and clothing.
During the visit, the royal couple was accompanied by Spain’s Prime Minister Pedro Sánchez and the president of the Valencian regional government, Carlos Mazón. However, they were promptly evacuated as the crowd became increasingly hostile.
The BBC has verified footage that appears to depict stones being thrown at Sánchez’s vehicle as he was driven away, while Spanish media reports that objects were hurled at him.
The audience chanted, “Where is Sánchez?” after he departed.
“I am only 16,” Pau said, his eyes welling with tears. “We are assisting, but the leaders are not acting.” People are still dying. I am unable to endure this any longer.
Another woman stated, “They abandoned us to our deaths.” We have forfeited everything: our homes, enterprises, and aspirations.
A subsequent observation revealed that the civil guard and mounted officers endeavored to disperse the irate throng.
Severe Flooding in Valencia province
The royal entourage intended to continue their journey to Chiva, another community in the Valencia province severely affected by the flooding. However, this visit has been postponed.
In a subsequent video on the royal household’s Instagram account, the monarch expressed his comprehension of the protestors’ “angry and frustration.”
Maribel Albalat, the mayor of Paiporta, said that she was astonished by the violence but also acknowledged the “frustration and desperation of the people.”
Juan Bordera, a Valencian parliamentarian, characterized the king’s visit as “an extremely poor decision.”
Mr. Bordera told the BBC authorities “didn’t heed any warnings.”
“It is logical that the people are angry, and it is logical that the people did not comprehend the urgency of this visit,” he continued.
Sánchez directed the deployment of 10,000 additional police officers, civil guards, and soldiers to the region on Saturday.
He stated that the deployment was the highest in Spain’s history during peacetime. However, he also acknowledged that the response was “insufficient” and that there were “severe issues and shortages.”
Over 200 Killed in Flooding
The inundation began on Tuesday following a period of heavy rainfall. Floodwaters caused bridges to collapse and cities to be engulfed in a thick layer of mud. Numerous communities lacked water, electricity, food, and other fundamental services.
The mortality toll from the flooding reached 217 on Sunday, and it is believed that many more individuals are still missing.
The Valencia region on the Mediterranean coast has been the site of nearly all of the confirmed fatalities thus far.
Certain regions have been particularly devastated. Today, the royal delegation visited Paiporta, a municipality where authorities have reported a minimum of 62 fatalities.
On Sunday, the Spanish meteorological agency AEMET issued the maximum alert level for certain areas of southern Valencia, including Alzira, Cullera, and Gandia.
The agency warned that the intensity of the cyclones expected to pass through the region will not be comparable to Tuesday’s. It anticipates a total of 90mm (3.45 inches) of precipitation.
Trending News:
At Least 95 People Die In Flash Floods In Spain
World
Oil Prices Fall As Reality Of Weak Global Demand Overtakes Risk Of Wider War In Middle East
Global oil prices are plummeting after Israel launched a retaliatory strike over the weekend that targeted Iranian military locations rather than its energy infrastructure, as had been anticipated.
Crude oil prices rose globally on October 2 after Iran launched roughly 200 missiles into Israel as part of a series of fast-increasing attacks between Israel, Iran, and its Arab allies that threatened to bring the Middle East closer to a regional war.
Iran is the world’s seventh-largest oil producer, but a bigger crisis in the Middle East may have an impact on the region’s largest energy producers.
Oil Prices Fall As Reality Of Weak Global Demand Overtakes Risk Of Wider War In Middle East
With many believing that the threat is receding in the short term, the price of benchmark U.S. crude and Brent crude, the worldwide benchmark, fell 6% on Monday. U.S. crude oil plunged well below $70 per barrel.
The Israeli military stated that its aircraft targeted Iranian facilities used to manufacture missiles fired at Israel, as well as surface-to-air missile installations.
Here’s a look at the current status and prospects for oil and gas prices:
The price of U.S. benchmark petroleum fell 6% Monday after Israel’s weekend retaliation strike on Iran targeted military targets rather than oilfields in the world’s seventh largest producer of crude.
This brings the price of a barrel of U.S. crude well below $70 after it rose above $77 earlier this month. Oil and gasoline prices have fallen dramatically since their yearly highs in April. According to energy specialists, more than half of the pumps in the United States sell a gallon of petrol for less than $3.
The focus has shifted back to the fundamentals of global energy markets, which have seen plentiful supply and falling demand this year. Slowing economic growth in China, the world’s largest energy consumer is a major cause.
Beijing announced that China’s economy grew at a 4.6% annual rate in the July-September quarter, down from 4.7% the previous quarter and falling short of the official aim of “about 5%” growth in 2024.
The Middle East war continues to roil energy markets, albeit not as dramatically.
Prices spiked momentarily this month after Iran launched missiles into Israel, but many experts believe Israel’s response over the weekend was moderate, potentially ending a cycle of retaliatory strikes from both sides, at least for now.
The OPEC+ coalition, which includes members of the producer’s cartel as well as ally countries such as Russia, wields less control over world pricing than in the 1970s when an oil embargo following the start of the Yom Kippur War in 1973 doubled crude oil prices.
Since then, the global oil supply has shifted dramatically, with the United States emerging as the world’s top producer. Months of conflict between Israel and two Iranian proxies, Hamas and Hezbollah, did little to raise oil prices for OPEC and its 12 member countries. Only the prospect of a direct conflict between Israel and Iran shifted the needle.
It is the fundamentals.
The long-term expectation is that oil prices will fall rather than rise. This is due to a shift in the supply-demand balance, which normally causes oil prices to fall.
According to the International Energy Agency’s most recent energy market assessment, oil demand in the first half of this year increased by the least amount since 2020. Meanwhile, supplies have continued to rise, and the OPEC+ alliance has announced intentions to release more oil into the market beginning in December.
What’s happening with energy prices this year?
Oil futures soared sharply to start the year, reaching $85 per barrel in April, but it’s been mostly downhill since then, and gas prices have followed suit.
Because oil costs half of a gallon of gasoline in the United States, gas prices are loosely correlated. Between Friday and Monday, when Israel conducted a measured counterstrike against Iran, the price of a barrel of oil fell $4.
OPEC has failed to build a floor for oil prices this year.
Oil Prices Fall As Reality Of Weak Global Demand Overtakes Risk Of Wider War In Middle East
Saudi Arabia and other oil-producing countries extended output cutbacks until June next year, seeking to preserve low oil prices that have yet to recover despite Middle Eastern turbulence and this year’s summer travel season.
At the same time, the United States is pumping an unprecedented amount of petroleum. The United States Energy Information Administration predicts that the average daily crude oil output in the United States will be 13.2 million barrels annually, with production only expected to increase in 2025.
What’s next for oil and gas prices?
Several energy experts believe that oil prices have peaked this year and will continue to fall, implying that motorists will benefit from additional discounts.
“Limited nature of Israeli strikes against Iran should diminish fears of wider war and shave some of the geopolitical premium on crude oil,” said Tom Kloza, global head of energy analysis at the Oil Price Information Service, in a social media post this weekend. “Today’s U.S. retail gas avg is $3.13/gal with 55% of sites priced at less than $3/gal.”
SOURCE | AP
World
2024 | “Pink Cocaine” What Is It?
A recreational substance termed “pink cocaine” is gaining popularity and causing misunderstanding because it does not normally include cocaine.
The pink powder, which is actually a mix of other narcotics tinted pink, has been discovered in drug seizures, forcing law authorities to issue warnings.
Pink cocaine is also known as “tusi,” however both nicknames are based on marketing rather than fact. According to experts, it rarely contains cocaine and is more likely to contain ketamine, which has quite distinct effects.
What Is The Recreational Drug ‘Pink Cocaine’?
Why is it pink?
Pink cocaine gets its pink tint from food coloring or dye, according to Joseph Palamar, a drug trends researcher at NYU Langone Health in New York.
“Sometimes it has cocaine in the mix, but it’s typically more of a ketamine concoction,” says Palamar. Studies have discovered batches containing methamphetamine, MDMA, bath salts, caffeine, and opiates.
“It’s a concoction that anyone can make if they have a couple of drugs and a pink dye,” Palamar told reporters.
According to research released last year by Palamar, the term “tusi” may have been coined to emulate 2C-B, a recreational drug popular on the rave scene in the 1990s and noted for its euphoric effects. The drug analyses that Palamar evaluated revealed that tusi did not often include 2C-B.
According to him, young people nowadays may be unaware of the history of the name tusi and may be confused by the name pink cocaine.
“It’s just some beautiful powder that their pals are using. “They probably have no idea what it is supposed to be,” he explained.
Why is pink cocaine dangerous?
The threat stems from the unknown contents. Users may have undesirable side effects or take more than their previous experience indicates they can handle. Ketamine is a potent anesthetic that has been licensed for surgical usage, but it has also been used recreationally and to treat depression, anxiety, and pain in recent years. It has the potential to produce hallucinations as well as interfere with breathing and cardiac function.
What Is The Recreational Drug ‘Pink Cocaine’?
“Ketamine is not a fun drug to most people,” Palamar stated. “It kind of puts you in your own little world and things tend to feel very alien when you’re on it, especially in large doses.”
Someone who is drunk at a party and believes cocaine may counteract the effects of alcohol will be unpleasantly startled with pink cocaine, which is primarily ketamine, he added.
Where does pink cocaine come from?
In May, the United States Coast Guard reported seizing pink cocaine and other drugs off the shores of Mexico, Central and South America.
“That was the first time that I heard of large batches being imported into the U.S. as tusi,” Palamar told me. It might just as easily be created by drug dealers in the United States who mix their own, he claimed.
SOURCE | AP
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