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Friday, 12 November 2021

US and China announce surprise climate change agreement

 

2021 United Nations Climate Change Conference - Wikipedia

 

United States and China, the world's two largest emitters of carbon dioxide, unveiled a deal to ramp up cooperation tackling the climate crisis. US climate envoy John Kerry and his Chinese counterpart Xie Zhenhua announced the framework agreement at the UN climate conference in Scotland. Both billed it as way to tip the summit toward success. 'In the area of climate change', Xie Zhenhua said. 'There is more agreement between China and the US than divergence, making it an area with huge potential for cooperation'.


How The U.S. Fell Behind China In The Fight Against Climate Change

Ever since President Trump withdrew the U.S. from the Paris Agreement, China has played an increasingly large role in the international fight against climate change. The country is now the world’s largest manufacturer of solar panels, lithium ion batteries, and electric vehicles. But while China has stepped up in these regards, it is still the global leader in carbon emissions, and burns more coal than the rest of the world combined. As President-elect Joe Biden looks to reassert American leadership in green energy and climate initiatives, it remains to be seen whether the U.S. and China can work collaboratively to address the climate crisis.

CORRECTION (November 16, 2020): Barbara Finamore and Alvin Lin both work at the “Natural Resources Defense Council” not the “National Resources Defense Council”

China's War on Pollution


 

China-US Glasgow declaration ‘key step in the right direction’ on global climate actions, prevents decoupling worst scenario 

 China's Special Envoy for Climate Change, Xie Zhenhua speaks during a joint China and US statement on a declaration enhancing climate action during the COP26 climate change conference in Glasgow on November 10. Photo: AFPChina's Special Envoy for Climate Change, Xie Zhenhua speaks during a joint China and US statement on a declaration enhancing climate action during the COP26 climate change conference in Glasgow on November 10. Photo: AFP

China and the US released a joint declaration on tackling climate change during the ongoing COP26 in Glasgow, including setting up a working group and reducing methane and CO2 emissions. Officials and analysts said the declaration highlighted that China-US cooperation is the only right choice, noting it is a significant move on global climate actions and also sends strong positive signals for the success of the COP26.

China and the US on Wednesday released the China-US Joint Glasgow Declaration on Enhancing Climate Action in the 2020s. The two sides said they appreciated the work done so far and pledged to continue working together and with all parties to strengthen the implementation of the Paris Agreement. On the basis of the principle of common but differentiated responsibilities and respective capabilities as well as taking into account national conditions, enhanced climate action will be taken to effectively address the climate crisis.

The two sides agreed to establish a working group on enhancing climate action in the 2020s to promote cooperation on climate change between the two countries and the multilateral processes.

They reiterated they will observe the Paris climate agreement to keep temperatures below two degrees and to pursue efforts to limit it to 1.5 degrees.

On cooperation of reducing emissions of methane, the two countries intend to develop additional measures to enhance methane emission control, at both national and sub-national levels. China intends to develop a comprehensive and strong national action plan on methane, aiming to achieve a significant effect on methane emissions control and reductions in the 2020s.

On reducing CO2 emissions, the two agreed to cooperate on distributed generation policies that encourage integration of solar, storage, and other clean power solutions closer to electricity users. China will phase down coal consumption during the 15th Five Year Plan(2026-30)and make best efforts to accelerate this work.

Xie Zhenhua, China's Special Envoy for Climate Change, said on the release of the declaration that it once again shows that China-US cooperation is the only right choice, and that China and the US have more consensus than differences on climate change. Together, China and the US can accomplish many things that can benefit both countries and the world. China and the US should shoulder major responsibilities and follow the trend of the world, Xie said, jiemian.com reported.

He said he wished the declaration will contribute to the success of the COP26 as negotiations are still ongoing.

Setting up the working group was to institutionalize the China-US cooperation mechanism on climate change, and make joint actions more practical, Xie said, noting that the working group plans to have their first meeting in the first half of next year.

UN Secretary-General Antonio Guterres tweeted that he welcomed the agreement between China and the US to work together to take more ambitious climate action in this decade. "Tackling the climate crisis requires international collaboration and solidarity, and this is an important step in the right direction," he said.

Chinese experts considered the declaration between China and the US,two largest emitters, as a significant move in helping the globe battle climate change, with concrete progress made on how to advance the working mechanism on cooperation in handling climate change and stepping up efforts in boosting financial support for developing countries.

"It's crucial for China and the US to work together. No matter the target is 1.5 C or 2 C, the target can only be achieved with the joint efforts of the two countries," Lin Boqiang, director of the China Center for Energy Economics Research at Xiamen University, told the Global Times on Thursday.

Lin highlighted the progress in the latest consensus reached by China and the US including stepping up efforts on $100 billion pledges by developed countries to developing countries from 2020 to 2025 in order to achieve the climate change targets and also setting up a working group on enhancing climate action in the 2020s. "Frequent communication on handling the climate change is a crucial part of global efforts," he said.

Li Shuo, Senior Policy Advisor at Greenpeace East Asia, told the Global Times on Thursday that the declaration served the background of the reported upcoming leaders' summit between the two countries and created cooperative atmosphere for the two countries' further communication on climate change.

It has prevented the worst scenario of China-US decoupling on climate actions, Li said.

Xu Huaqing, a senior adviser of the Chinese delegation to COP26, told the Global Times that China has taken an active part in leading global climate governance, and also played an important historic role in facilitating the formulation of rules for the Paris Agreement through the diplomacy of the heads of state of China, the US and the EU. China looks forward to further strengthening dialogue and cooperation with the US and the EU, and working with other parties to strengthen the implementation of the Paris Agreement.

To achieve the long-term goals set in the Paris Agreement, developed countries should first take the lead in deepening emission reduction, which is the key to achieving global net zero emissions at an early date. The key to the international community's ambition lies in the need for countries to take strong concrete actions rather than empty slogans, Xu said.

Regarding the expected goals of the COP26, Xu said he believes that it is particularly important to form a consensus on some aspects, including finishing the talks on the implementation rules of the Paris Agreement, and making concrete progress on financial and technology support for developing countries.

For a long time, no effective progress has been made in funding, technology and capacity building support, which is of great concern to developing countries. As the Paris Agreement officially enters the implementation phase, these issues are related to political mutual trust and climate action by developing countries, Xu said.

He noted that the COP26 should also make clear arrangements for those matters in order to balance the financial support and adaption to climate ambitions, while also advocating countries to transform their goals into implemented policies and specific actions in order to avoid turning those promises into empty slogans.

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Thursday, 11 November 2021

Govt failed to forfeit 1MDB assets

 


Govt fails in bid to forfeit 1MDB-linked assets from Najib, family and others


KUALA LUMPUR: The High Court today ordered the government to immediately return assets which were seized from former prime minister Datuk Seri Najib Razak, his wife Datin Seri Rosmah Mansor, their three children and several others.

Judge Mohamed Zaini Mazlan made the order after dismissing the government's application which sought to forfeit hundreds of items including designer handbags, vehicles and cash in various currencies said to be linked to the 1Malaysia Development Bhd (1MDB) scandal.

In his decision, Zaini said the prosecution had failed to prove that the properties seized were connected to unlawful activities.

He said there was no evidence to show that the properties seized from Najib, Rosmah, their children Riza Shahriz Abdul Aziz (Najib's stepson), Nor Ashman and Nooryana Najwa, were bought using money in the former prime minister's bank accounts.


The prosecution, he said, had in fact admitted that some of the seized properties were gifts.

He said the prosecution's argument that the cash and properties in question could have been gained from the monies deposited in Najib's bank accounts was based on presumption.

"The prosecution merely listed down the properties seized and their value, and in turn concluded that these respondents do not have the means to such a huge amount of cash or to purchase these properties based on their income.

"They had surmised that the cash and properties concerned could have only been gained from the monies deposited in the first respondent's (Najib) accounts.

"It is apparent that the applicant had only come to this conclusion based on presumption," he said.

The judge added that there was lack of evidence to prove that there was a direct link between the monies that were alleged to have been illegally gained to the cash found and the properties bought.

He said there was simply no nexus proven in the case.

He also rejected the government's bid to forfeit the monies kept in three Hong Leong bank accounts and the RM15 million bungalow in Penang belonging to Goh Gaik Ewe, the mother of fugitive businessman Low Taek Jho saying that the prosecution had failed to prove that the bank accounts were related to or had been used for the commission of unlawful activities.

He said the relationship between Goh and any of the characters or entities in the 1MDB affairs was also conspicuously missing.

"The applicant did not offer any evidence to show how the monies deposited into these bank accounts were linked to any illegal transactions or that they were proceeds of unlawful activities.

"As for the bungalow, there was simply no averment whatsoever in any of the applicant's affidavits pertaining to it," he said.

The others who get to keep their monies following the government's failure in its bid to forfeit the assets were company Senijauhar Sdn Bhd, Aiman Ruslan, former Goldman Sachs banker Roger Ng and his wife Lim Hwee Bin.

The court however, allowed the government's bid to forfeit the assets from the respondents that did not contest the application namely Mohd Kyizzad Mesran, Yayasan Rakyat 1Malaysia, Yayasan Semesta, Yayasan Mustika Kasih and Rembulan Kembara Sdn Bhd and those who have absconded who were former 1MDB officers Kee Kok Thiam, Tan Vern Tact and Terence Geh Choh Hun.

Deputy public prosecutor Harris Ong Mohd Jeffrey Ong informed the court that the prosecution will be filing an appeal against the decision and asked for a stay of the order to return money to the respondents.

However, Zaini said the court will not make any order for a stay.

"If the forfeiture application is denied, it is a natural progression that the prosecution should return it (properties) back (to the respondents)," the judge said.

On May 8, 2019, the Attorney General's Chambers filed a notice of motion to forfeit hundreds of items, allegedly linked to 1MDB scandal, including handbags of various brands and 27 vehicles seized from Najib, Rosmah, their three children, as well as 13 individuals and companies.

In addition, money amounting to more than RM18 million in several bank accounts at Bank Islam Malaysia Bhd, Al-Rajhi Bank Bhd, Malayan Banking Bhd, CIMB Bank Bhd, RHB Bank Bhd, Public Bank Bhd, AmBank Bhd and Hong Leong Bank Bhd, that was frozen between Aug 16, 2018 and March 11, 2019.

Among the items mentioned in the forfeiture notice are handbags, shoes and watches of various brands, as well as cash in various currencies that were seized by the police on May 17, 2018 and June 11, 2018, as well as 27 Nissan vehicles that were seized on Aug 2, 2018 and a piece of land in Tanjung Bungah, Penang. 

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Tuesday, 9 November 2021

Good ventilation curbs the spread of Covid-19, Virus spreads easier in low humidity environment, Incentives to improve premises

 Source: Human Resources Ministry and Health Ministry Source: Human Resources Ministry and Health Ministry

> Increase outside air ventilation. > Increase air filtration.

> Adjust or reconfigure air flows.

2. Administrative Controls

> Reduce crowd or occupancy. > Limit the use of small spaces that are shared.

3. Reconfiguration Of Building Spaces And Furnishings

> Use partitions to reduce risks of transmission and minimise direct

Having good ventilation at business premises can help reduce contaminants in the air and curb the spread of Covid-19, say health experts.

Universiti Malaya public health medicine specialist Prof Dr Victor Hoe said good ventilation would not only prevent infectious diseases and reduce sickness, but also improve morale and productivity.

Dr Hoe said people are usually enclosed inside buildings without fresh air.

“They are recirculating the air and the reason is to conserve energy as the cost of cooling fresh air is higher than recirculating cool air,” he said when contacted.

He added that businesses should not hastily decide to change their ventilation system without consulting with experts.

“While many people have recommended opening windows to allow fresh air into the building, this will alter the air flow. The air from the outside is usually warmer than the air in the building.

“Mixing cool and warmer air will generate moisture and this will increase the chances of fungal formation in the ventilation system.

“Fungal issues are as bad if not worse than the Covid-19 pandemic. The other issue with moisture is that it will affect electronic systems,” he said.

As such, to ensure good ventilation, Dr Hoe said the air exchange per hour (ACH) should be increased.

“In a normal office that uses a centralised air conditioning system, the ACH is usually between four and six air changes in an hour.

“At this rate, the time required for removal of 99% of the contaminants in the room is between 69 and 46 minutes.

“To improve the ACH, we can install Hepa (high-efficiency particulate absorbing) filters which can increase the ACH to 10, reducing the time it takes to remove contaminants from 46 to 28 minutes,” he said.

Dr Hoe reminded businesses that ventilation improvements would only reduce Covid-19 risk but could not eliminate it entirely.

Medical Practitioners Coalition Association of Malaysia president Dr Raj Kumar Maharajah said having good ventilation is not just good for business entities but also for homes.

He said a good ventilation system could help prevent virus particles from accumulating in the air.

“Good ventilation, along with other preventive actions, like staying 2m apart and wearing masks can help prevent you from getting and spreading Covid-19,” he added.

To have better ventilation, Dr Raj suggested that there should be, among others, an increase in ventilation and enhanced air exchanges, as well as exhaust fans.

For those in enclosed spaces, he recommended they consider having portable air cleaners for localised air cleaning.

American Society of Heating, Refrigerating and Air-Conditioning Engineers (Ashrae) Malaysia chapter president Ng Wen Bin said ensuring proper ventilation with outside air could help reduce the concentration of airborne contaminants, including viruses, indoors.

“Proper ventilation also reduces surface contamination by removing some virus particles before they can fall out of the air and land on surfaces. However, by itself, increasing ventilation is not enough to protect people from Covid-19.

“But when used along with other best practices recommended by Ashrae and others, increasing ventilation can be part of a plan to protect people indoors,” he said.

As most schools, offices, and commercial buildings have air conditioning and mechanical ventilation (ACMV) systems with filters, Ng said increasing ventilation and filtration was usually appropriate.

But due to the complexity and diversity of building types, sizes, construction styles, ACMV system components, and other features, he said a professional should interpret Ashrae guidelines for their specific building and circumstances.

“Increasing ventilation may not always be possible or practical. In such cases, the effective rate of ventilation per person can be increased by limiting the number of people present in the building in general, or in specific rooms,” he said.

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Virus spreads easier in low humidity environment 

 

GEORGE TOWN: Any virus will spread more easily in an air-conditioned environment, where humidity will be much lower, says an expert.

USM virology scientist Dr Muhammad Amir Yunus said typically, the humidity in air-conditioned spaces would be low and this contributed to the transmission of viruses in droplets.

“Relative humidity will affect the transmission of airborne virus on top of poor ventilation.

“High humidity can partially inhibit the travel of viruses in droplets and aerosols,” he said.

Dr Muhammad Amir said he was not aware of any hard and fast rules on the value of ventilation to prevent the transmission of viruses.

He, however, pointed out that there was direct correlation between poor ventilation and carbon dioxide levels.

“Higher carbon dioxide levels can be used as an indicator for poor ventilation or air circulation indoors,” he said.

He said the recent announcement on the tax-exempted expenses for renovations and refurbishments of premises would definitely be beneficial.

“The system is not cheap. It involves many components.

“The tax cut will encourage businesses to pay attention to this aspect, which very directly relates to public safety,” he said.

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Incentives to improve premises 

 Business groups want a clearer picture on tax deduction for renovations


PETALING JAYA: Business groups are seeking a clearer picture on the tax incentive meant for them to renovate and refurbish their premises, which they say is helpful to ensure that their ventilation can be upgraded.

Malaysian Retailers Association vice-president Datuk Ameer Ali Mydin hoped the criteria to enjoy the tax benefit would not be so strict.

“It should be very simple so that any improvement, however small, would benefit the consumers.

“Most of the larger shopping centres comply with the ventilation requirements as they are required to do so, but this incentive will be useful for smaller retailers or older hypermarkets which may not have complied with the new ventilation requirements,” he said when contacted yesterday.

On Nov 5, Health Minister Khairy Jamaluddin pointed out that under Budget 2022, the government has extended the tax incentive for the renovation and refurbishment of business premises.

He said that this would allow more businesses to invest in good ventilation to curb the spread of Covid-19.

Under Budget 2022, the government extended the tax deduction of up to RM300,000 on the cost for renovating and refurbishing business premises until Dec 31, 2022, in order to comply with requirements such as ventilation and customer seating.

However, Ameer pointed out that the incentive should not just include ventilation but also general refurbishments as it was equally important.

“This will be good for the older malls to be able to spend some money to become more competitive. This can perhaps be used to make the shopping centre not just be refurbished in a normal way but with the added technology to give customers a better experience,” he said.

Malaysian Muslim Restaurant Owners Association (Presma) president Datuk Jawahar Ali Taib Khan concurred that the tax incentive would be helpful for restaurant owners.

But he said they remained unclear on the criteria to get the tax incentive.

“We are not sure, so we hope the government will give a clear explanation on how to plan for this ventilation,” he said.

Jawahar suggested that the government give a special grant to outlet owners to purchase ventilation equipment that is suitable for them.

“The local authorities should also make the application easier for outlet owners to do renovation by not asking unnecessary documents and charging us exorbitantly,” he said.

He said outlet owners should also not be charged a fee for placing chairs and tables at the five-footway in front of restaurants, especially corner lots, which does not pose a hindrance to the public as this would help customers sit in open spaces.

“Enforcement officers should not take this as an opportunity to summon outlet owners,” he said.

Malaysian Association of Hotels chief executive officer Yap Lip Seng said the industry welcomed any form of tax deduction, incentives or allowances.

However, Yap said they hoped that this tax incentive could be applied on top of any other existing incentives to ease the burden on the upgrading expenses, particularly in ensuring public safety and hygiene.

SME president Ding Hong Sing said any incentive from the government should be translated into action, noting that their focus right now was on ensuring the survival of businesses.

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PUBLIC AREA SETTING 

 1. Engineering Controls

Source: Human Resources Ministry and Health Ministry Source: Human Resources Ministry and Health Ministry

> Increase outside air ventilation. > Increase air filtration.

> Adjust or reconfigure air flows.

2. Administrative Controls

> Reduce crowd or occupancy. > Limit the use of small spaces that are shared.

3. Reconfiguration Of Building Spaces And Furnishings

> Use partitions to reduce risks of transmission and minimise direct 

 

Incentives to improve premises

PETALING JAYA: Business groups are looking for a clearer picture of the tax incentive for them to renovate and renovate their premises, which they say is helpful in ensuring that their ventilation can be upgraded.

Vice President of the Malaysian Retailers Association Datuk Ameer Ali Mydin hoped that the criteria for enjoying the tax benefit would not be so strict. “It should be very simple so that all improvements, no matter how small, would benefit consumers.

“Most of the larger malls meet the ventilation requirements because they are required to do so, but this incentive will be useful for smaller retailers or older supermarkets that may not have met the new ventilation requirements,” he said when contacted yesterday.

On November 5, Health Minister Khairy Jamaluddin pointed out that under budget 2022, the government has extended the tax incentive for renovation and refurbishment of business premises.

CLICK TO ENLARGECLICK TO ENLARGE

He said this would enable more companies to invest in good ventilation to slow down the spread of Covid-19.

According to Budget 2022, the government extended the tax deduction of up to RM 300,000 on the cost of renovation and refurbishment of business premises until 31 December 2022, in order to meet requirements such as ventilation and customer seats.

However, Ameer pointed out that the incentive should not only include ventilation but also general renovations as it was equally important.

“This will be good for the older malls to be able to spend some money to become more competitive. This can perhaps be used to get the shopping center not only to be renovated in a normal way but with the extra technology to give customers a better experience, ”he said.

Malaysian Muslim Restaurant Owners Association (Presma) President Datuk Jawahar Ali Taib Khan agreed that the tax incentive would be helpful to restaurant owners.

But he said they remained unclear about the criteria for obtaining the tax incentive.

“We are not sure, so we hope the government will provide a clear explanation of how to plan for this ventilation,” he said.

Jawahar suggested that the government make a special contribution to outlet owners to buy ventilation equipment that is suitable for them.

“Local authorities should also make the application easier for store owners to do renovations by not requesting unnecessary documents and charging us unreasonably,” he said.

He also said that shop owners should not be charged a fee for placing chairs and tables on the five-foot road in front of restaurants, especially corner areas, which does not constitute an obstacle for the public as this would help customers sit in open spaces.

“Authorities should not take this as an opportunity to call out store owners,” he said.

Malaysian Association of Hotels CEO Yap Lip Seng said the industry welcomed all forms of tax deductions, incentives or compensation.

However, Yap said they hoped this tax incentive could be applied on top of all other existing incentives to ease the burden of upgrading costs, in particular to ensure public safety and hygiene.

SME President Ding Hong Sing said all government incentives should be put into action, noting that their focus right now was on ensuring corporate survival.

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Related posts:

 

Open that window! Because fresh air can help lessen the spread of a virus and prevent infections

Fresh air can help stop infection

We need more emphasis on the need for good ventilation to avoid transmitting Covid-19.

  

 

Air-conds not so cool after all

 

It’s not cool to waste electricity

Time to Change way we use appliances

Thursday, 4 November 2021

Big dreams of becoming a global cryto hub

Singapore plans to emerge as key player

Easing restrictions: A representation of the virtual cryptocurrency bitcoin. The Monetary Authority of Singapore is against clamping down on crypto. — Reuters

 SINGAPORE: Singapore is seeking to cement itself as a key player for cryptocurrency-related businesses as financial centres around the world grapple with approaches to handle one of the fastest growing areas of finance.

“We think the best approach is not to clamp down or ban these things,” said Ravi Menon, managing director of the Monetary Authority of Singapore (MAS), which regulates banks and financial firms.

Instead, MAS is putting in place “strong regulation”, so firms that meet its requirements and address the multitude of risks can operate, he said in an interview.

Nations differ vastly when it comes to how they handle crypto: China has cracked down on large amounts of activity in recent months, Japan only recently allowed dedicated crypto investment funds – though El Salvador has embraced bitcoin as legal tender.

In the United States, while there are an abundance of options for investing in the burgeoning asset class, regulators are concerned about everything from stablecoins to yield-generating products.

“With crypto-based activities, it is basically an investment in a prospective future, the shape of which is not clear at this point,” said Menon, who has helmed the MAS for about a decade.

“But not to get into this game, I think risks Singapore being left behind. Getting early into that game means we can have a head start, and better understand its potential benefits as well as its risks.”

The stakes are high for the small island nation, which has already earned a reputation as a global wealth hub. Singapore must raise its safeguards to counter risks including illicit flows, Menon said.

The city state is “interested in developing crypto technology, understanding blockchain, smart contracts and preparing ourselves for a Web 3.0 world,” he said, referring to the third generation of online services, which will be a key theme during the Singapore Fintech Festival that MAS will host next week.

Menon acknowledged that banks and other financial institutions will face certain challenges with the decentralisation of finance. Still, Singapore wants to be “well positioned” for 2030 when “an economy of tokenisation” may come, he said.

Singapore isn’t the only place with crypto ambitions. Locations as diverse as Dubai, Miami, El Salvador, Malta and Zug in Switzerland, are also making efforts.

It can be a fine line to tread, given the crypto industry grew up with few regulations, so many players balk at government officials’ attempts to impose guardrails.

Singapore’s approach has attracted crypto firms from Binance Holdings Ltd, which has had a series of run-ins with regulators around the world, to Gemini, a US operator targeting institutional investors, to set up base.

Some 170 companies applied for a MAS licence, taking the total number of firms seeking to operate under its Payment Services Act to about 400, after the law came into effect in January 2020.

Since then, only three crypto firms have received the much-coveted licences, while two were rejected. About 30 withdrew their application after engaging with the regulator. 

Among those approved is the brokerage arm of DBS Group Holdings Ltd, Singapore’s largest bank, which is also a pioneer in setting up a platform for trading of digital tokens while offering tokenisation services.

The regulator is taking time to assess applicants to ensure that they meet its high requirements, Menon said. The MAS has also boosted resources to cope with high volumes of prospective services operators, he said.

“We don’t need 160 of them to set up shop here. Half of them can do so, but with very high standards, that I think is a better outcome,” he said.

Menon said the benefits of having a well-regulated local crypto industry could also extend beyond the financial sector.

“If and when a crypto economy takes off in a way, we want to be one of the leading players,” he said.

“It could help create jobs, create value-add, and I think more than the financial sector, the other sectors of the economy will potentially gain.” — Bloomberg

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