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$2.5b pledge firms up Mideast green quest

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Saudis’ support comes as region’s leaders reaffirm climate commitment

Leaders from the Middle East and North Africa have reaffirmed their commitment to taking climate action, which involves doubling down on the reduction of emissions and a $2.5 billion pledge from Saudi Arabia in the years to come.

This happened at the second edition of the Middle East Green Initiative Summit in Sharm El-Sheikh, Egypt, held simultaneously with COP 27 on Monday.

Saudi Arabian Crown Prince and Prime Minister Mohammed bin Salman Al Saud led the summit, and announced the establishment of a dedicated MGI secretariat and the allocation of $2.5 billion to support MGI projects and governance, as well as to accelerate the implementation of initiatives to achieve the goals.

“If we are to achieve the desired objectives of the ambitious Middle East Green Initiative, continued regional cooperation and active contributions by member countries are needed to achieve global climate goals and accelerate the implementation commitments as part of international agreements,” Prince Mohammed said in his address at the MGI Summit.

Two goals will guide the MGI climate action road map. The first focuses on emissions reduction and serves to support efforts across the region to reduce emissions equivalent to 670 million metric tons of carbon dioxide.

This figure, he said, represents the nationally determined contributions from all countries in the region, which represented 10 percent of global contributions at the time the target was announced.

While implementing the circular carbon economy approach, Saudi Arabia will deploy one of the largest carbon capture, usage and storage hubs in the world.

Second goal

In the second goal under the MGI, the planting of 50 billion trees across the region will be carried out to rehabilitate 200 million hectares of degraded land, with a goal to slash emissions by 2.5 percent of current global levels.

The trees are expected to combat desertification, reduce dust storms and offer protection against the environmental and socioeconomic impacts of land degradation in the region.

Saudi Arabia is spearheading regional cooperation to achieve the target, with the initial governance framework agreed by founding member countries during a ministerial meeting in Riyadh in October.

The prince also announced that Saudi Arabia’s Public Investment Fund “will aim to reach net zero by 2050”, the first sovereign wealth fund in the Middle East and one of the first globally to do so.

In his speech, Egyptian President Abdel Fattah al-Sisi encouraged Arab countries to seize the opportunities for technical and financial collaboration presented by the initiative.

He also praised the efforts by the prince in creating a collaborative environment for Arab nations to combat climate change, Arab News reported.

“It is great news that we now speak about enablers, like finance, that support the implementation of this initiative,” said Aisha Al-Sarihi, climate policy expert and research fellow at the National University of Singapore’s Middle East Institute.

The MGI Summit is the first strategic regional platform designed to accelerate the region’s green transition, stimulate economic development and build a more sustainable future.

Source(s): China Daily

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Talks between Israel, Egyptian delegation over Gaza ceasefire reportedly ‘very good’

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Negotiations over Israel’s upcoming offensive in the Gaza Strip’s southernmost city of Rafah and efforts to achieve a ceasefire deal with Hamas were “very good” between Israeli officials and a high-level Egyptian delegation, media and sources said Friday.

The negotiations were “very good, focused, held in good spirits and progressed in all parameters,” a senior Israeli official told Israeli media Ynet.

“In the background, there are very serious intentions from Israel to move ahead in Rafah,” and the Egyptians are willing to exert pressure on Hamas to achieve a deal, the official was quoted as saying.

According to the Israeli official, Israel made a warning that it would not agree to foot-dragging by Hamas on the hostage deal to delay the military operation in Rafah, and he also mentioned that Israel had deployed reserve soldiers to the Gaza Strip.

According to Channel 12, the official added that Israel is prepared to make more “significant compromises,” such as permitting the evacuation of Gazan civilians in northern Gaza and removing its troops from a crucial corridor that divides Gaza.

Meanwhile, Egypt reportedly sent a high-level delegation, led by senior intelligence official Abbas Kamel, to Israel on Friday with the hope of brokering a ceasefire agreement with Hamas in Gaza.

Considerable progress has been achieved in bringing the views of the Egyptian and Israeli delegations closer together regarding reaching a truce in Gaza, Egypt’s Al-Qahera News TV reported.

In addition, two high-ranking Egyptian security officials confirmed to Xinhua news agency that the talks discussed Egypt’s “rescue initiative,” which aims to prevent any more escalations in the Strip and avoid the invasion of Rafah.

On Thursday, Israeli media reported that the country is expected to “soon” begin evacuating civilians from Rafah ahead of a planned ground attack.

Earlier Thursday, Israel’s wartime cabinet and security cabinet convened to discuss a possible assault on Rafah, a city previously considered a “safe zone” from the relentless Israeli bombardments, where about 1.4 million displaced Palestinians have found refuge.

Source(s): CGTN

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Wang Yi says China supports reconciliation among Palestinian factions

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Chinese Foreign Minister Wang Yi said China supports internal reconciliation among different factions of Palestine through dialogue, in a written interview with Al Jazeera Media Network published on Thursday.

The interview covers questions ranging from the Gaza crisis and the Russia-Ukraine conflict to the Taiwan question and China-U.S. relations.

As for the ongoing Gaza conflict, Wang said China will continue to strengthen solidarity and cooperation with Middle East countries and the whole international community to support the just cause of the Palestinian people in restoring their legitimate national rights.

China also supports Palestine’s full membership in the United Nations at an early date and supports establishing the independent State of Palestine and realizing “the Palestinians governing Palestine,” Wang said.

“We call for a more broad-based, more authoritative and more effective international peace conference to set a timetable and a road map for the two-state solution, to promote comprehensive, just and lasting settlement of the Palestinian question, and to ultimately realize peaceful coexistence between Israel and Palestine as well as harmony between the Arab and Jewish peoples,” he said.

Wang also said China is deeply concerned about the rising tensions in the Red Sea. “For quite some time, rising tensions in the Red Sea have affected important interests of regional countries, especially the littoral states. They have also heightened the overall security risk of the region and weighed on the global economic recovery.”

“We stand ready to coordinate more closely with regional countries and work together with the international community to continue with our constructive role in restoring peace and stability in the Red Sea at an early date,” Wang added.

In response to the escort mission by the Chinese Navy in the Gulf of Aden and the waters off Somalia, Wang said the mission is not related to the Red Sea situation but authorized by the UN Security Council.

Speaking of the Ukraine crisis, Wang said China’s position on the Ukraine crisis is consistent, unequivocal and transparent, while elaborating on China’s efforts to promote a ceasefire and end the fighting.

“We will work with all parties constructively to promote political settlement of the crisis, and contribute more to regional tranquility and security and enduring world peace,” said the Chinese foreign minister.

In the interview, Wang once again said Taiwan has been an inseparable part of China since ancient times, and the Taiwan question is entirely China’s internal affair.

“We will strive for peaceful reunification with the utmost effort and greatest sincerity. In the meantime, our bottom line is also clear: we will absolutely not allow anyone to separate Taiwan from China in any way,” Wang said.

Answering questions about how China sees the U.S. election and the prospects of China-U.S. relations, Wang said the U.S. election is an internal affair of the United States, and China never interferes in the internal affairs of other countries.

“The China-U.S. relationship cannot go back to its past. But it should, and can fully, have a bright future. China is ready to work with the United States to carry out more win-win cooperation, do more that benefits the whole world, and truly fulfill their respective responsibilities to the international community,” Wang said.

Source(s): CGTN

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Macron warns Europe could die of three challenges

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PARIS, April 25 (Xinhua) — Europe could die of three challenges it faces in security, economy and culture, French President Emmanuel Macron said Thursday in a speech on Europe at Sorbonne University in Paris.

Europe is in a situation of encirclement, pushed by many powers at its borders and sometimes within it, while some “uninhibited, regional powers” are showing their capabilities, he warned in a local live broadcast.

Macron also said that the European economic model as conceived today is no longer sustainable facing competition with the United States and China.

“In our Europe, our values, our culture are threatened,” he added, because Europe is experiencing “the cultural battle, the battle of the imaginary, of narratives, of values, which is increasingly delicate.”

This speech came seven years after his first speech on Europe at the university.

Source(s): Xinhua

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