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Thursday, 27 March 2025

World agrees hard-fought nature funding plan at UN talks


ROME - Nations cheered a last-gasp deal to map out funding to protect nature, breaking a deadlock at UN talks seen as a test for international cooperation in the face of geopolitical tensions.

Rich and developing countries hammered out a delicate compromise on raising and delivering the billions of dollars needed to protect species, overcoming stark divisions that had scuttled their previous meeting in Cali, Colombia, last year.

Delegates stood and clapped in an emotionally charged final meeting that saw key decisions adopted in the final minutes of the last day of rebooted negotiations at the UN's Food and Agriculture Organization headquarters in Rome.

COP16 President Susana Muhamad of Colombia hailed the fact that countries worked together for a breakthrough, enabling progress "in this very fragmented and conflicted world".

"This is something very beautiful because it's around protecting life that we have come together, and there cannot be anything higher than that," she added.

AFP/File | CHAIDEER MAHYUDDIN

The decision comes more than two years after a landmark deal to halt the rampant destruction of nature this decade and protect the ecosystems and wildlife that humans rely on for food, climate regulation, and economic prosperity.

Scientists have warned that action is urgent.

A million species are threatened with extinction, while unsustainable farming and consumption destroys forests, depletes soils and spreads plastic pollution to even the most remote areas of the planet.

- 'Hope' -

The agreement on Thursday is seen as crucial to giving impetus to the 2022 deal, which saw countries agree to protect 30 percent of the world's land and seas.

Talks were also seen as a bellwether for international cooperation.

The meeting comes as countries face a range of challenges, from trade disputes and debt worries to the slashing of overseas aid -- particularly by new US President Donald Trump.

Washington, which has not signed up to the UN's Convention on Biological Diversity, sent no representatives to the meeting.

"Our efforts show that multilateralism can present hope at a time of geopolitical uncertainty," said Steven Guilbeault, Canada's Minister of Environment and Climate Change.

AFP | Alberto PIZZOLI

Ousseynou Kasse of Senegal, speaking on behalf of the Africa Group, also threw support behind global cooperation.

"We believe that this is the way that can save the world, and we must continue down this path," he said.

Countries must be "accountable to our children, to the generations to come", he added, saying he was thinking of what he would tell his own son when he returns home.

"I will give him good news that we have a compromise, we have a deal."

The failure to finalise an agreement in Cali was the first in a string of disappointing outcomes at environmental summits last year.

A climate finance deal at COP29 in Azerbaijan in November was slammed by developing countries, while separate negotiations about desertification and plastic pollution stalled in December.

Muhamad, who has resigned as Colombia's environment minister but stayed on to serve until after the Rome conference, was given a standing ovation as the talks drew to a close in the early hours of Friday.

- 'Key milestone' -

Countries have already agreed a goal to deliver $200-billion a year in finance for nature by 2030, including $30-billion a year from wealthier countries to poorer ones.

The total for 2022 was about $15-billion, according to the OECD.

AFP | Daniel Beloumou Olomo

The main debate in Cali and later Rome was over developing countries' calls for the creation of a specific biodiversity fund, which has seen pushback from the EU and other wealthy nations, who have argued against multiple funds.

Thursday saw intense closed-door talks based on a "compromise attempt" text that Brazil put forward on behalf of the BRICS country bloc that includes Russia, China and India.

The agreement reached in Rome leaves it to the 2028 COP to decide whether to set up a specific new fund under the UN biodiversity process, or to name a potentially reformed existing fund to play that role.

Georgina Chandler, Head of Policy and Campaigns at the Zoological Society of London, said the finance roadmap was a "key milestone", but stressed that money is needed urgently.

Other decisions sought to bolster monitoring to ensure countries are held accountable for their progress towards meeting biodiversity targets.

One achievement in Cali was the creation of a new fund to share profits from digitally sequenced genetic data from plants and animals with the communities they come from.

The fund, officially launched on Tuesday, is designed for large firms to contribute a portion of their income from developing things like medicine and cosmetics using this data.

Delegates in Cali also approved the creation of a permanent body to represent the interests of Indigenous people.by Kelly Macnamara World agrees hard-fought nature funding plan at UN talks

Wednesday, 26 February 2025

AI regulation around the world


Countries and economic blocs around the world are at different stages of regulating artificial intelligence, from a relative "Wild West" in the United States to highly complex rules in the European Union.

Here are some key points about regulation in major jurisdictions, ahead of the Paris AI summit on February 10-11:

- United States -

Returning President Donald Trump last month rescinded Joe Biden's October 2023 executive order on AI oversight.

Largely voluntary, it required major AI developers like OpenAI to share safety assessments and vital information with the federal government.

Backed by major tech companies, it was aimed at protecting privacy and preventing civil rights violations, and called for safeguards on national security.

Home to top developers, the United States now has no formal AI guidelines -- although some existing privacy protections do still apply.

Under Trump, the United States has "picked up their cowboy hat again, it's a complete Wild West", said Yael Cohen-Hadria, a digital lawyer at consultancy EY.

The administration has effectively said that "we're not doing this law anymore... we're setting all our algorithms running and going for it", she added.

- China -

China's government is still developing a formal law on generative AI.

A set of "Interim Measures" requires that AI respects personal and business interests, does not use personal information without consent, signposts AI-generated images and videos, and protects users' physical and mental health.

AI must also "adhere to core socialist values" -- effectively banning AI language models from criticising the ruling Communist Party or undermining China's national security.

DeepSeek, whose frugal yet powerful R1 model shocked the world last month, is an example, resisting questions about President Xi Jinping or the 1989 crushing of pro-democracy demonstrations in Tiananmen Square.

While regulating businesses closely, especially foreign-owned ones, China's government will grant itself "strong exceptions" to its own rules, Cohen-Hadria predicted.

- European Union -

In contrast to both the United States and China, "the ethical philosophy of respecting citizens is at the heart of European regulation", Cohen-Hadria said.

"Everyone has their share of responsibility: the provider, whoever deploys (AI), even the final consumer."

The "AI Act" passed in March 2024 -- some of whose provisions apply from this week -- is the most comprehensive regulation in the world.

Using AI for predictive policing based on profiling and systems that use biometric information to infer an individual's race, religion or sexual orientation are banned.

The law takes a risk-based approach: if a system is high-risk, a company has a stricter set of obligations to fulfil.

EU leaders have argued that clear, comprehensive rules will make life easier for businesses.

Cohen-Hadria pointed to strong protections for intellectual property and efforts to allow data to circulate more freely while granting citizens control.

"If I can access a lot of data easily, I can create better things faster," she said.

- India -

Like China, India -- co-host of next week's summit -- has a law on personal data but no specific text governing AI.

Cases of harm originating from generative AI have been tackled with existing legislation on defamation, privacy, copyright infringement and cybercrime.

New Delhi knows the value of its high-tech sector and "if they make a law, it will be because it has some economic return", Cohen-Hadria said.

Occasional media reports and government statements about AI regulation have yet to be followed up with concrete action.

Top AI firms including Perplexity blasted the government in March 2024 when the IT ministry issued an "advisory" saying firms would require government permission before deploying "unreliable" or "under-testing" AI models.

It came days after Google's Gemini in some responses accused Prime Minister Narendra Modi of implementing fascist policies.

Hastily-updated rules called only for disclaimers on AI-generated content.

- Britain -

Britain's centre-left Labour government has included AI in its agenda to boost economic growth.

The island nation boasts the world's third-largest AI sector after the United States and China.

Prime Minister Keir Starmer in January unveiled an "AI opportunities action plan" that called for London to chart its own path.

AI should be "tested" before it is regulated, Starmer said.

"Well-designed and implemented regulation... can fuel fast, wide and safe development and adoption of AI," the action plan document read.

By contrast, "ineffective regulation could hold back adoption in crucial sectors", it added.

A consultation is under way to clarify copyright law's application to AI, aiming to protect the creative industry.

- International efforts -

The Global Partnership on Artificial Intelligence (GPAI) brings together more than 40 countries, aiming to encourage responsible use of the technology.

Members will meet on Sunday "in a broader format" to lay out an "action plan for 2025", the French presidency has said.

The Council of Europe in May last year adopted the first-ever binding international treaty governing the use of AI, with the US, Britain and European Union joining the signatories.

Of 193 UN member countries, just seven belong to seven major AI governance initiatives, while 119 belong to none -- mostly in the Global South.By Tom Barfield With Afp Bureaus AI regulation around the world

Friday, 21 February 2025

Shakira kicks off first world tour in seven years


RIO DE JANEIRO - Shakira launched her first worldwide tour in seven years from Rio de Janeiro this week for her latest Grammy-winning album "Las mujeres ya no lloran" (Women Don't Cry Anymore).

The Colombian singer-songwriter treated fans at the 46,000-capacity Nilton Santos Olympic Stadium to the top hits from her 12th album on Tuesday.

"Music heals," Shakira told the audience. "Loving somebody else is a very good thing, but it's better to love oneself."

She notably performed "Shakira: Bzrp Music Sessions, Vol. 53," a track that alludes to her highly publicized separation from former Spanish footballer Gerard Pique in June 2022.

"She has been through a very difficult time in her personal life," said Juliana Modenesi, a fan who traveled 600 kilometers (370 miles) to see her perform for the first time.

"She has reinvented herself and today, she is stronger than ever."

AFP | Pablo PORCIUNCULA

It is the first tour since 2018 for Shakira, who shot to fame with her 2001 hit song "Whenever, whenever."

She entertained the crowd with a blend of styles from pop and reggaeton to salsa and Dominican bachata during her two-and-a-half-hour performance.

The show came just a few days after she received a Grammy for best Latin pop album, which she dedicated to migrants in the United States who are facing deportation under President Donald Trump.

She also performed some of her classic hits including "Hips Don't Lie," "Chantaje" and "Waka Waka," the official song of the 2010 football world cup in South Africa.

With more than 90 million records sold worldwide and four Grammy Awards under her belt, among many other prizes, Shakira is one of the most popular Latin artists of all time.

She is set to perform nearly 50 dates in Latin America by the end of June, followed by more in the United States and Canada.By Lucía Lacurcia Shakira kicks off first world tour in seven years

Monday, 3 February 2025

Sri Lanka’s passport slips to 96th in Henley Passport Index 2024 rankings

  • Sri Lanka’s passport slipped one rank in the Henley Passport Index 2025, landing at 96th place, according to the latest rankings released by Henley and Partners.
  • Sri Lanka shares the 96th spot with South Sudan and a visa-free score of 44. Despite the slip in position, it is still an improvement from its rankings of 100th in 2023, 102nd in 2022 and 107th in 2021.
  • The Henley Passport Index, considered the most authoritative ranking of global passports, assesses the number of destinations their holders can access without prior visas.
  • The top spot in the index is held by Singapore with a visa-free score of 195, followed by Japan at second place with a visa-free score of 193, whilst the third spot was shared among Finland, France, Germany, Italy, South Korea and Spain, with a visa-free score of 191, making them the world’s most powerful passports. Regionally, Maldives ranked 53rd position with visa-free score of 94, India ranks 85th, Bhutan 90th, Bangladesh 100th, Nepal at 101th spot, and Pakistan stands at 103rd place.
  • At the bottom of the index, Afghanistan remains in the last position or 196th place with a visa-free access score of 26, accompanied by Syria at 105 and Iraq at 104, marking them as the countries with the weakest passports globally.
  • With data covering 199 passports and 227 travel destinations, it provides comprehensive information on global access and mobility. The Henley Passport Index is based on exclusive and official data from the International Air Transport Association (IATA).
  • (https://www.henleyglobal.com/ passport-index/ranking) Sri Lanka’s passport slips to 96th in Henley Passport Index 2024 rankings | Daily FT

Friday, 31 January 2025

Aldcroft named England captain ahead of 2025 Women's Rugby World Cup


Zoe Aldcroft is set to lead England at this year's Women's Rugby World Cup on home soil after being named Thursday as the team's captain for 2025.

Gloucester-Hartpury lock Aldcroft, capped 58 times by England, will skipper the Red Roses in the upcoming Women's Six Nations and the home Rugby World Cup, which starts in August.

The 28-year-old, who succeeds Marlie Packer as skipper, has previously led England on several occasions, with her first match as captain an 89-0 thrashing of the United States in November 2021.

England women's coach John Mitchell hailed Aldcroft as a "phenomenal rugby player", saying: She leads by example through her world-class actions, on and off the field, and is an integral member of our leadership group."

New Zealander Mitchell, a former All Blacks coach, said it was a difficult choice to remove the 35-year-old Packer as captain.

"As with many positions, there is intense competition for places in the back row and Marlie's ability to deliver big performances on the pitch needs to be her focus," he explained.

"Making decisions like this is never easy, but I believe it will push us to perform at our best and ultimately benefit the Red Roses."

Aldcroft was named 2021 World Rugby women's player of the year and led Gloucester-Hartpury to the last two Premiership titles.

"It's an incredible honour to be awarded the Red Roses captaincy," she said.

Saracens flanker Packer captained England to two Six Nations Grand Slams, as well as being crowned 2023 World Rugby women's player of the year.England went undefeated in 2024 and are favourites for the World Cup, where they hope to avenge agonising defeats by New Zealand in the past two finals. Aldcroft named England captain ahead of 2025 Women's Rugby World Cup

Tuesday, 28 January 2025

AI can add $4.4 trillion to global economy, but digital divide must be removed: WEF report


Davos, (IANS): While Artificial Intelligence (AI ) could add $2.6 trillion to $4.4 trillion to the global economy annually, there is also a need to pay attention to the careers, lives and communities it will disrupt -- including those who have already been left out of the global digital economy, according to a presentation at the WEF annual meeting on Tuesday.

“At a minimum, we must eliminate the existing digital divide. Despite the rapid proliferation of the Internet across the globe, over 2.5 billion people still lack access to it. Nearly a third of the world’s population cannot take advantage of online services that are essential in today’s digital world such as finance and banking, education and healthcare,” Robert F. Smith founder CEO of Vista Equity Partners, a prominent US private equity firm, stated in his presentation.

Divides exist within developed countries, too. In the US nearly 24 million people still lack access to high-speed internet. This prevents millions of Americans from accessing the services only broadband can provide and from fully participating in the economy, the report states.

Instead of becoming a new economic wedge, AI could become a prolific source of generational wealth. So long as we take appropriate steps to prevent these tools from mimicking and reinforcing racial and gender biases, the innovation and economic growth AI would spur have the potential to generate prosperity for all.

With AI’s current trajectory, there will be three distinct waves of opportunity through which value will be captured. We are already seeing the first wave of value creation benefiting hardware vendors. The second wave will go to super scalers like Microsoft, Google, Oracle and other large companies that have the ability to broadly offer connectivity to compute. The third wave will benefit enterprise software vendors who provide AI and GenAI solution sets on top of their existing products, according to Smith.

These are the three distinct verticals on which we must focus efforts to enable equitable development and deployment of GenAI."The good news is, unlike the digital revolution, we have the luxury of foresight. As AI evolves and established companies and new startups scale products, develop features and capture value at each stage, we must commit ourselves to ensuring everyone in every nation has access to the Internet, AI education and tools, and processing power. As we stand at this crossroads, we must think expansively and act decisively to ensure we unlock GenAI’s full potential," Smith added. AI can add $4.4 trillion to global economy, but digital divide must be removed: WEF report | MorungExpress | morungexpress.com

Tuesday, 21 January 2025

Game, set, debate: why do women only play 3 sets in tennis?

Sophia Nimphius, Edith Cowan University and Caitlin Fox-Harding, Edith Cowan University

Tennis fans are once again filling Melbourne Park for the 2025 Australian Open, after setting an all-time attendance record in 2024.

The Australian Open is one of four annual Grand Slam events, alongside the French Open, Wimbledon and US Open, which bring together the world’s best men’s and women’s players.

These athletes strive to claim not just the championship trophy, but precious ranking points as well as huge pay cheques: this year’s Australian Open prize pool is $A96.5 million and winners of the men’s and women’s singles events will each take home $3.5 million.

Why though, are the lengths of the men’s (five sets) and women’s (three sets) matches different?

Debating the differences

There has been long-standing debate about the appropriate length of men’s and women’s tennis matches.

In Grand Slam events, men’s matches extend to five sets, while women’s matches remain best-of-three. In most other tournaments, men and women both play best-of-three sets.

This difference is often raised when assessing equal prize money at some events, with some arguing women should not be awarded equal prize money if they play shorter matches.

Women are paid equally at all the Grand Slam tournaments but not all lower-level events.

Luckily, tennis prize money isn’t based on an hourly wage system – that’s why women don’t get less for dominating their opponents in two sets.

But what if the women played best-of-five?

Women’s history with five-set tennis

Women competed in best-of-five matches more than 130 years ago.

The United States’ national championships from 1891 to 1901 featured five set matches for women. The New York Times described the 1891 clash between Mabel Cahill and Ellen Roosevelt as being: “fought to the end with wonderful tenacity”.

But these women’s matches were shortened to best of three sets in 1901 by the United States National Lawn Tennis Association Council – a body made up entirely of men.

The decision was made despite the demonstrated ability for women to play five set matches, and does seem to parallel similar examples of men deciding with no evidence that women are not suited for sport of a particular nature.

This mindset led to the nearly 50-year ban of women playing soccer from 1921 to 1970.

In athletics, women were banned from competing in the 800-metre race from 1928 until 1960, at least partially because the media seemed shocked that in the 1928 Olympic Games in Amsterdam, some women fell to the ground in exhaustion after sprinting for gold in the 800-metre event.

It took until 1967 before the first woman ran the Boston Marathon – and Kathrine Switzer had to do so covertly, battling men trying to push her off the course. But her efforts led to the inclusion of the women’s marathon to the Olympics in 1984.

Back to tennis.

In 1984, the Women’s Tennis Association final featured a best-of-five set format from 1984 to 1998, famously highlighted by the decider between Monica Seles and Gabriela Sabatini in 1990 at Madison Square Garden.



Then in 1994, the Australian Open briefly considered introducing best-of-five finals for women, which would have been the first Grand Slam to do so.

Supporters of the move believed it would provide a more complete test of skill and endurance, and offer a more compelling spectacle. However, the experiment did not go forward.

Women can push the limits of physiology

The preparation and recovery management of women in tennis has improved further from when the Australian Open proposed “the experiment” in 1994.

But it should have never been a question of whether the physiology of women could handle longer events.

In fact, evidence supports women might be built for it. From marathon records continuing to fall to women excelling in ultra-endurance events, the longer the event, the better they perform.

So maybe the stamina needed for a best-of-five sets is ideal for women.

Reframing the question: are best-of-five sets better?

While society debates whether women should play five sets, a better question may be: do five sets achieve the best outcome for all players and fans in the age of shorter format versions of sports?

During five-set matches, evidence shows aspects of performance can plateau in the middle stages – first serve velocity has a parabolic approach, meaning servers hold back during the middle sets.

This is likely the athlete conserving energy, often leading to a less dynamic contest in the middle stages in preparation for the “last set”, raising the question of whether men should actually only play best-of-three sets.

Tennis fans will likely continue to debate the value of those third and fourth sets from the perspective of attention span versus tradition.

What is undeniable is that men have the opportunity to showcase their mental strength and stamina in best-of-five matches.

Why aren’t all players given this opportunity?The Conversation

Sophia Nimphius, Professor of Human Performance, Edith Cowan University and Caitlin Fox-Harding, Senior Lecturer/Researcher, Edith Cowan University

This article is republished from The Conversation under a Creative Commons license. Read the original article.

Friday, 17 January 2025

World Bank looks to fresh beginning in Sri Lanka

World Bank Senior Country Economist for Sri Lanka and Maldives Richard Walker 

Top multilateral donor agency starts talks with new Govt. to spur economy

By Charumini de Silva: The World Bank last week confirmed that there is no new financial support pending for Sri Lanka, but discussions with the new Government have commenced to outline future plans for collaboration.

World Bank Senior Country Economist for Sri Lanka and Maldives Richard Walker affirmed that no new budgetary or program-related assistance is currently in the pipeline.

“There is no budget support or other pending programs at the moment. Of course, we need to have a conversation with the new Government, understand their plans and thinking. Then, on our side, we can also formulate the type of support that we can offer – whether it is budgetary assistance or other forms of operations. This is a discussion that needs to take place and it is just beginning now,” he said in response to a query posed by journalists at the Sri Lanka Development Update report launch last Thursday.

The beginning of discussions between the multilateral donor agency and the Government signals a potential fresh start, as Sri Lanka seeks to stabilise its economy amid ongoing recovery efforts.

The new Government led by President Anura Kumara Dissanayake, is expected to focus on securing international support and building stronger ties with multilateral institutions like World Bank to drive economic recovery post-crisis.

He noted that a recently signed $ 200 million loan agreement has been completed and further steps will depend on the outcome of the ongoing no talks between the World Bank and the Government.

On 8 October, the World Bank and the Government of Sri Lanka signed the Second Resilience, Stability, and Economic Turnaround (RESET) Development Policy Operation (DPO) for $ 200 million.

This is the second operation in a two-part series that began in 2022. The first operation, totalling $500 million, was disbursed in June and December 2023.

The Second RESET DPO aims to support reforms that improve economic governance, enhance growth and competitiveness, and protect the poor and vulnerable, helping to build Sri Lanka’s resilience and fostering an equitable economy.

When asked about the impact of elections on the economic outlook, Walker acknowledged that credit growth has been slow, whilst expressing confidence that it will gain momentum post-elections, provided there is policy consistency.

“While there may be some uncertainty during election times, business sentiment seems optimistic. Credit growth has been slow but is expected to pick up after the election with policy consistency moving forward,” he added.

The World Bank in its latest projections announced that the country’s economy has shown signs of stabilisation, whilst doubling its earlier estimate to reach 4.4% in 2024.

This positive outlook follows four consecutive quarters of growth, primarily driven by the industrial and tourism sectors. Despite expected gradual improvements, poverty levels are predicted to remain above 20% till 2026, while inflation is anticipated to stay below Central Bank’s target of 5% in 2024, before gradually increasing as demand picks up. Tourism and remittances are expected to keep the Current Account surplus through 2024.

It projects Sri Lanka’s economy to grow at a more modest pace of 3.5% in 2025, as a result of the adverse impacts of the economic crisis. World Bank looks to fresh beginning in Sri Lanka | Daily FT

Thursday, 16 January 2025

Inauguration of World’s Largest 2nd Gen. Ethanol Plant Will Cut Emissions by 30% with Sugar Cane

credit – Raízen, released to the press

In late May, Brazilian President Luis Ignacio da Silva visited São Paulo to inaugurate the world’s largest manufacturing plant for second-generation ethanol.

The new Bonfim Bioenergy Park will produce 82 million liters of ethanol per year utilizing a new method that produces 30% fewer emissions.

Located in the Brazilian state of Guariba, the nation’s largest center for the cultivation of sugarcane, the second-generation ethanol, also known as ‘bioethanol’ is made from the waste products of sugar production, known in the industry as bagasse.

Raízen, the company behind the Bonfirm plant, says that making ethanol from this waste creates 30% fewer emissions than if previous manufacturing methods were used.

New technologies allow for the extraction of residual sucrose from these already-crushed canes. A hydrolysis process uses enzymes to separate the individual cellulose fibers so they can be fermented more easily.

Raízen has another 9 second-gen plants under construction, and the company is aiming to produce 1.6 billion liters of biofuel per year in the future.

The largest single use of ethanol is as an engine fuel and fuel additive. Brazil in particular relies heavily upon the use of ethanol as an engine fuel being the world’s leading producer of ethanol. 90% of all new gasoline-powered cars sold in Brazil can also run on hydrous ethanol.

Along with the 30% reduction in emissions from manufacturing bioethanol compared to manufacturing conventional ethanol blends, the reduction in emissions from its use as a fuel is as high as 50 and 60%, according to a study from the Argonne National Laboratory.

“I realize that our engineering, that our researchers have managed to do what no country in the world that thinks it is better than us has done: we are able to transform that bagasse into something that produces ethanol of much better quality than the normal ethanol that we produced before, which is second-generation ethanol,” said President da Silva at the inauguration. Inauguration of World’s Largest 2nd Gen. Ethanol Plant Will Cut Emissions by 30% with Sugar Cane

Aldcroft named England captain ahead of 2025 Women's Rugby World Cup


Zoe Aldcroft is set to lead England at this year's Women's Rugby World Cup on home soil after being named Thursday as the team's captain for 2025.

Gloucester-Hartpury lock Aldcroft, capped 58 times by England, will skipper the Red Roses in the upcoming Women's Six Nations and the home Rugby World Cup, which starts in August.

The 28-year-old, who succeeds Marlie Packer as skipper, has previously led England on several occasions, with her first match as captain an 89-0 thrashing of the United States in November 2021.

England women's coach John Mitchell hailed Aldcroft as a "phenomenal rugby player", saying: She leads by example through her world-class actions, on and off the field, and is an integral member of our leadership group."

New Zealander Mitchell, a former All Blacks coach, said it was a difficult choice to remove the 35-year-old Packer as captain.

"As with many positions, there is intense competition for places in the back row and Marlie's ability to deliver big performances on the pitch needs to be her focus," he explained.

"Making decisions like this is never easy, but I believe it will push us to perform at our best and ultimately benefit the Red Roses."

Aldcroft was named 2021 World Rugby women's player of the year and led Gloucester-Hartpury to the last two Premiership titles.

"It's an incredible honour to be awarded the Red Roses captaincy," she said.

Saracens flanker Packer captained England to two Six Nations Grand Slams, as well as being crowned 2023 World Rugby women's player of the year.England went undefeated in 2024 and are favourites for the World Cup, where they hope to avenge agonising defeats by New Zealand in the past two finals. Aldcroft named England captain ahead of 2025 Women's Rugby World Cup

Thursday, 9 January 2025

World's oldest person dies in Japan at 116

Tokyo, (IANS) Japanese media on Saturday reported that 116-year-old Tomiko Itooka, recognised as the world's oldest person, has died of old age.

Itooka died earlier this week at a nursing home in the city of Ashiya in western Japan where she resided, the city government in Hyogo Prefecture said, reported Kyodo News.

The Japanese woman was born on May 23, 1908, in Osaka as the eldest of three siblings.

"At the special nursing home in the city where she resided, she enjoyed drinking her favourite lactic acid beverages and often said Thank you to the staff," reported Japanese daily 'The Mainichi' on Saturday.

Ashiya Mayor Ryosuke Takashima commented, "Through her long life, she gave us great courage and hope. I express my deepest condolences."

Itooka became the oldest living person in Japan in December 2023 following the death of Fusa Tatsumi, a 116-year-old in Kashiwara, Osaka Prefecture.

Fusa Tatsumi was born on April 25, 1907, and had spent most of her last days in bed at a nursing home in Kashiwara.

Tatsumi had become the oldest living person in Japan in April 2022 following the death of a 119-year-old woman in Fukuoka.

Itooka was subsequently recognised as the world's oldest living person by Guinness World Records in September 2024, following the death of the previous holder, Maria Branyas Morera, a 117-year-old from Olot, Catalonia, Spain.

Morera was born on March 4, 1907, according to the Guinness World Records.

Japanese average life expectancy had peaked in 2020, at 87.71 years for women and 81.56 years for men.

The average life spans had decreased in 2021 and 2022, due to rising death tolls from the coronavirus.

The average life expectancy of Japanese people rose in 2023 for the first time in three years, due to a decline in deaths from the Covid-19 pandemic, a government data had showed.The average life expectancy of women in Japan came to 87.14 years, up 0.05 from 2022, while for men it stood at 81.09, up 0.04, revealed the data released by the Ministry of Health, Labour and Welfare in July 2024. World's oldest person dies in Japan at 116 | MorungExpress | morungexpress.com

Tuesday, 24 December 2024

‘World’s Most Intrepid Twins’ Break World Altitude Record Flying Over The Alps at 8,000-ft in Electric Paraglider

Ross and Hugo Turner attempting to break a record, flying a paraglider-style aircraft at 10,000ft in the French Alps – via SWNS

The ‘World’s Most Intrepid Twins’ announced they’ve broken a world record, by flying a tandem electric para-motor 8,000ft over the French Alps.

Ross and Hugo Turner, known as the Turner Twins, took the custom-made aircraft 2,438 meters high, floating over the mountains.

The British siblings have submitted the information on an application to FAI—the World Air Sports Federation—to claim a world record for tandem electric altitude.

The brothers based in Devon, England, have already set a world record while becoming the first twins to row the Atlantic Ocean.

For this recent flight, the twins had to wait months for the “perfect weather conditions.”

“It was great to get the weather we finally needed for the record and having waited months for perfect conditions we had the perfect flight,” said Hugo.

“The flight was smooth, which was surprising as we were expecting turbulent conditions, and the battery lasted much longer than we expected—probably due to the colder conditions keeping the battery cooler.”

Ross said their official observer for the record didn’t think the electric battery would be able to do it.

“He said we won’t have enough power, this won’t work. Thankfully, we proved him wrong.”

Ross and Hugo, the Turner Twins, on a para-motor flying over French Alps breaking altitude record – via SWNS

Their quest for adventure was born following a terrible auto accident in which Hugo broke his neck at age 17 and narrowly missed paralysis. In the mix of heightened emotions came a drive to follow their passion for exploration—always guided by their values and “always doing them together”.

The daring duo made headlines at age 21 when they rowed the Atlantic in just 41 days. They also helped set a world record as part of the youngest crew ever to complete that challenge.

Since then they have climbed Mt. Elbrus and they cycled 1,550 miles (2500km) across South American to reach another goal, traveling through deserts and jungles in the searing heat. The pair also used bikes to ride 2.6K across North America, cycling across mountains, desserts, and national parks.

They also attempted a hike across the Greenland and Iceland wearing kit and clothing worn by early polar explorers like Sir Ernest Shackleton.

The Turner Twins making final preparations for a world altitude record in a tandem electric paramotor – SWNS

During many of their missions they’re testing new technology, like driving the Cyberster EV car from MG Motors on a 10,000-mile drive from London to China, posting videos about their adventures in the red convertible electric sports car.


Friday, 13 December 2024

Teenage prodigy Gukesh D defeats Ding Liren to become youngest world chess champion

Eighteen-year-old Indian prodigy Gukesh Dommaraju has become the new world chess champion, winning the final game of the title match after a dramatic blunder from the reigning champ, China’s Ding Liren.

Gukesh is now the youngest world champion in chess history, and the first Indian to hold the title since Vishwanathan Anand lost it to Magnus Carlsen in 2013.

Ding was gracious in defeat, saying

Considering [my play], it’s a fair result to lose in the end. I have no regrets. I will continue to play, and I hope I can show the strength like this time.

For Gukesh, the victory fulfilled a childhood dream. At the age of 11, in a video clip that later went viral, he told an interviewer “I want to be the youngest world chess champion.”

In a post-match press conference, Gukesh said spotting Ding’s blunder “was probably the best moment of my life”.

The road to the title

Ding became world champion in 2023 after an unlikely journey. He almost missed qualifying due to COVID lockdowns in China, and even then only made it into the championship match when Russian grandmaster Sergey Karjakin was disqualified over his support for Russia’s invasion of Ukraine.

Ding is renowned for his kind demeanour and defensive skills, having once achieved a record-breaking 100-game unbeaten streak. However, after defeating Ian Nepomniachtchi to claim the champion’s title in 2023, he struggled both on and off the board. Plagued by fatigue and depression, he dropped to 23rd in the world rankings.

In stark contrast, Gukesh has been a force of nature in 2024. He led the Indian team to an historic gold medal at the biennial Chess Olympiad, personally achieving a performance rating of 3,056 – the highest at the event, winning the gold medal on the top board.

Drama on the board

The championship match – a series of 14 games held in Singapore and sponsored by Google – was marked by twists and turns. Ding was regarded as the clear underdog before play began, but he set the tone for tense battle when he pulled off a shock victory in game 1, playing black. In chess, the player with the white pieces has an advantage, so when games at the top level are not drawn it is usually the white player who comes out ahead.

Before game 14, Ding and Gukesh were tied with two wins each. It was widely expected the game would be a draw, setting the scene for a round of high-speed games to break the tie.

When the game began, Ding – playing white – achieved a small advantage out of the opening, but was unable to capitalise on it and instead settled for a technically equal endgame.

However, after four hours of play, just as the game seemed destined for a draw, Ding made a catastrophic blunder, handing Gukesh a decisive advantage.

On his 55th move, Ding offered a trade of rooks, attempting to simplify the position and steer the game towards a draw. However, this offered an opening for the young challenger to also trade off the remaining bishops and reach a winning king-and-pawn endgame. In the process, he secured his place as the 18th world chess champion.

Elite commentators such as former world champions Magnus Carlsen and Vladimir Kramnik and grandmasters Fabiano Caruana and Hikaru Nakamura criticised the quality of play throughout the match, with both players missing several key opportunities.

Following the final game, Carlsen labelled Ding’s fatal mistake “one of the worst blunders we’ve seen in a world championship.” Because the final position is a textbook chess endgame studied by all grandmasters in their youths, many expressed shock at the abrupt and anticlimactic conclusion to the sport’s most elite contest.

Yet the sheer drama of the three-week match, with its high stakes and emotional rollercoasters, kept millions of fans riveted across the globe.

The Carlsen question

Hanging over the world chess championship is the presence of 34-year-old Norwegian Magnus Carlsen, widely regarded as the greatest chess player of all time. (Disclosure: I once played a drawn game with Carlsen, at the 2016 Chess Olympiad.) In 2022, citing a lack of motivation, Carlsen relinquished the title of world champion.

However, Carlsen continues to play chess, and he is still number one in the International Chess Federation (FIDE) rankings. His presence casts doubt on the idea that the winner of the championship is “the best player in the world”.

Gukesh’s victory, while historic, doesn’t resolve this debate. With a chess rating of 2,777 after this match, he will remain outside the world’s top three by rating. (Chess ratings are based on the Elo system, a complicated method for calculating the relative skill levels of players based on their previous wins and losses.)

Remarkably, he is not even the highest-rated Indian. His 21-year-old compatriot, Arjun Erigaisi, is rated 2,801.

Yet Gukesh’s win may signal something larger: a generational shift, and the emergence of a new star in the chess universe.

In his post-match press conference, Gukesh acknowledged that “becoming the World Champion doesn’t mean that I’m the best player in the world – there’s obviously Magnus”.

Carlsen himself remarked that Gukesh had shown the potential to “establish himself as the number-two player in the world”, before adding “and who knows, maybe in the not-too-distant future, the number one”.

What’s next for chess?

The triumph of the 18-year-old Gukesh represents the dawn of a new era. His victory also underscores the growing influence of India – the gold medallists for both the Open and Women’s competitions at the recent chess Olympiad – in global chess.

For Ding, the defeat is a heartbreaking end to a short, challenging reign. Yet his resilience in reaching this stage, despite his personal struggles, has not gone unnoticed by fans around the world.

The championship itself, as a showdown between players from China and India – two nations with over a billion people each – has captured global attention and highlighted the game’s surging popularity. Chess has experienced a renaissance in recent years, fuelled by the pandemic-induced shift to online play and pop-culture events such as the Netflix drama The Queen’s Gambit.

Platforms such as Chess.com and Lichess have turned the game into a spectator sport, with live commentary from grandmasters such as Carlsen and Nakamura drawing huge audiences. For India, Gukesh’s victory could ignite a new wave of chess enthusiasm, cementing the country’s status as a rising superpower in the game.

As chess fans celebrate the rise of a prodigy, the future of the sport looks brighter than ever.The Conversation

David Smerdon, Assistant Professor, School of Economics, The University of Queensland

This article is republished from The Conversation under a Creative Commons license. Read the original article.

Wednesday, 11 December 2024

Frenchman sails around the world in 80 days... on dry land

Bernard Poitau has made no headway on his yacht in nearly a month -- with good reason. The Frenchman is taking part in a famed round-the-world yacht race on dry land, raising money for charity as he goes nowhere.

For nearly a month, the 71-year-old has sat aboard his small vessel embedded in grass on a hillside in France's central Loire region, tracking his progress against some 700,000 virtual participants in the famous Vendee Globe.

His backyard some 300 kilometres from the sea offers smoother sailing than the rough southern Atlantic Ocean, where 38 actual skippers are making their way around the infamous Cape of Good Hope in the solo, non-stop, round-the-world yacht race.

The eventual winner of the genuine race will likely make the journey in just under the mythical period of 80 days.

AFP | Alex MARTIN

Poitau, who spends 22 hours a day on his wooden boat, said he hopes his adventure will bring "visibility" to the asylum seekers he has worked with for twenty years.

The cold days, cramped quarters, and sore legs are nothing compared to what refugees go through to reach Europe, he told AFP.

"Asylum seekers have been through much worse crossings. They're the heroes, not me," the 71-year-old said.

The tip of southern Africa is "not far off" for Poitau, who tracks his progress on the Virtual Regatta application from the deck of his five-metre-long wooden boat.

Never a sailor, the former court official said he discovered the 20,000 nautical mile (37,000 kilometre) Vendee Globe during the Covid-19 pandemic and decided to participate this year to raise funds for asylum seekers.

AFP | Alex MARTIN

"I'm not crazy, I'm defending a cause," said the Loire resident who has worked with refugees through the Anticyclone association for two decades.

The self-described "meadow-sailor" will return home the day the winner crosses the Vendee Global finish line, eager to see his family for the first time since getting underway on November 10."My wife is waiting for me, like all sailors' wives," he said with a smile. Frenchman sails around the world in 80 days... on dry land

Tuesday, 10 December 2024

World Bank announces record $100bn support for world's poorest countries

NEW YORK - The World Bank announced that it had raised close to $24-billion to provide loans and grants for some of the world's poorest nations, which it can leverage to generate a record $100-billion in total spending power.

Donor countries committed $23.7-billion to replenish the bank's concessional lending arm, known as the International Development Association (IDA), a World Bank spokesperson told AFP, marking a slight increase from the roughly $23.5--billion pledged during the last fundraising round three years ago.

The Bank can use this money to borrow on financial markets, allowing it to leverage the amount raised by around four times, unlocking around $100-billion in new loans and grants, up from $93-billion in 2021.

"We believe the historic success of this IDA21 replenishment is a vote of confidence and support from donors and clients," a World Bank statement read, referring to the current IDA funding round.

"This funding will be deployed to support the 78 countries that need it most," World Bank President Ajay Banga said in a separate statement, referring to the developing countries that are eligible for IDA support.

It would, he added, help provide "resources to invest in health, education, infrastructure, and climate resilience," as well as helping to stabilize economies and create jobs.

The World Bank's announcement follows two days of talks in the South Korean capital, Seoul, a city still reeling after President Yoon Suk Yeol declared martial law late on Tuesday local time, before backtracking under pressure from lawmakers.

IDA has become the single largest source of concessional, or below-market, climate finance, and around two-thirds of all IDA funding over the past decade has gone to support countries in Africa, according to the World Bank.

IDA replenishment is a crucial part of the Bank's operations, and happens once every three years, with much of the funding coming from the United States, Japan and several European countries including the United Kingdom, Germany and France.

This year, the United States announced ahead of time that it would commit a record $4 billion in new funding to the IDA, while other countries -- including Norway and Spain -- also significantly stepped up their financial support. Thirty-five former recipients of IDA assistance have graduated from developing economy status in recent decades, including China, Turkey and South Korea, with many of them now donors to the fund. World Bank announces record $100bn support for world's poorest countries

Tuesday, 3 December 2024

Global carbon emissions inch upwards in 2024 despite progress on EVs, renewables and deforestation

Carbon dioxide (CO₂) emissions from fossil fuels continue to increase, year on year. This sobering reality will be presented to world leaders today at the international climate conference COP29 in Baku, Azerbaijan.

Our latest annual stocktake shows the world is on track to reach a new record: 37.4 billion tonnes of CO₂ emitted from fossil fuels in 2024. This is an increase of 0.8% from the previous year.

Adopting renewable energy and electric vehicles is helping reduce emissions in 22 countries. But it’s not enough to compensate for ongoing global growth in fossil fuels.

There were also signs in 2023 suggesting natural systems may struggle to capture and store as much CO₂ in the future as they have in the past. While humanity is tackling deforestation and the growth in fossil CO₂ emissions is slowing, the need to reach an immediate peak and decline in global emissions has never been so acute.

The Global Carbon Project

The Global Carbon Budget is an annual planetary account of carbon sources and sinks, which soak up carbon dioxide and remove it from the atmosphere.

We include anthropogenic sources from human activities such as burning fossil fuels or making cement as well as natural sources such as bushfires.

When it comes to CO₂ sinks, we consider all the ways carbon may be taken out of the atmosphere. This includes plants using CO₂ to grow and CO₂ being absorbed by the ocean. Some of this happens naturally and some is being actively encouraged by human activity.

Putting all the available data on sources and sinks together each year is a huge international effort involving 86 research organisations, including Australia’s CSIRO. We also use computer models and statistical approaches to fill out the remaining months to the end of the year.

Fossil fuel emissions up

This year’s growth in carbon emissions from fossil fuels is mainly from fossil gas and oil, rather than coal.

Fossil gas carbon emissions grew by 2.4%, signalling a return to the strong long-term growth rates observed before the COVID pandemic. Gas emissions grew in most large countries, but declined across the European Union.

Oil carbon emissions grew by 0.9% overall, pushed up by a rise in emissions from international aviation and from India.

The rebound in international air travel pushed aviation carbon emissions up 13.5% in 2024, although it’s still 3.5% below the pre-COVID 2019 level.

Meanwhile, oil emissions from the United States and China are declining. It’s possible oil emissions have peaked in China, driven by growth in electric vehicles.

Coal carbon emissions went up by 0.2%, with strong growth in India, small growth in China, a moderate decline in the US, and a large decline in the European Union. Coal use in the US is now at its lowest level in 120 years.

The United Kingdom closed its last coal power plant in 2024, 142 years after the first one was opened. With strong growth in wind energy replacing coal, the UK CO₂ emissions have almost been cut in half since 1990.

Changing land use

Carbon emissions also come from land clearing and degradation. But some of that CO₂ can be taken up again by planting trees. So we need to examine both sources and sinks on land.

Global net CO₂ emissions from land use change averaged 4.1 billion tonnes a year over the past decade (2014–23). This year is likely to be slightly higher than average with 4.2 billion tonnes, due to drought and fires in the Amazon. That amount represents about 10% of all emissions from human activities, the rest owing to fossil fuels.

Importantly, total carbon emissions – the sum of fossil fuel emissions and land-use change emissions – have largely plateaued over the past decade, but are still projected to reach a record of just over 41 billion tonnes in 2024.

The plateau in 2014–23 follows a decade of significant growth in total emissions of 2% per year on average between 2004 and 2013. This shows humanity is tackling deforestation and the growth of fossil CO₂ emissions is slowing. However, this is not enough to put global emissions on a downward trajectory.

Annual CO₂ emissions continue to increase, reaching a record high in 2024. The shaded area around each line shows the uncertainty in the estimates. Global Carbon Project, CC BY

More countries are cutting emissions – but many more to go

Fossil CO₂ emissions decreased in 22 countries as their economies grew. These countries are mainly from the European Union, along with the United States. Together they represent 23% of global fossil CO₂ emissions over the past decade (2014–23).

This number is up from 18 countries during the previous decade (2004–13). New countries in this list include Norway, New Zealand and South Korea.

In Norway, emissions from road transport declined as the share of electric vehicles in the passenger car fleet grew – the highest in the world at over 25% – and biofuels replaced fossil petrol and diesel. Even greater reductions in emissions have come from Norway’s oil and gas sector, where gas turbines on offshore platforms are being upgraded to electric.

In New Zealand, emissions from the power sector are declining. Traditionally the country has had a high share of hydropower, supplemented with coal and natural gas. But now wind and particularly geothermal energy is driving fossil generation down.

We are projecting further emissions growth of 0.2% in China, albeit small and with some uncertainty (including the possibility of no growth or even slight decline). China added more solar panels in 2023 than the US did in its entire history.

Individual country emissions vary widely, but there are some signs of progress towards decarbonisation. Global Carbon Budget 2024/Global Carbon Project, CC BY-ND

Nature shows troubling signs

In the 1960s, our activities emitted an average of 16 billion tonnes of CO₂ per year globally. About half of these emissions (8 billion tonnes) were naturally removed from the atmosphere by forests and oceans.

Over the past decade, emissions from human activities reached about 40 billion tonnes of CO₂ per year. Again, about half of these emissions (20 billion tonnes) were removed.

In the absence of these natural sinks, current warming would already be well above 2°C. But there’s a limit to how much nature can help.

In 2023, the carbon uptake on land dropped 28% from the decadal average. Global record temperatures, drought in the Amazon and unprecedented wildfires in the forests of Canada were to blame, along with an El Niño event.

As climate change continues, with rising ocean temperatures and more climate extremes on land, we expect the CO₂ sinks to become less efficient. But for now, we expect last year’s land sink decline will recover to a large degree as the El Niño event has subsided.

About half of the CO₂ emissions were removed from the atmosphere by forests and oceans. When we tally up all of the sources compared to the sinks, the budget should balance. We find a slight imbalance of 1.6Gt/year due to limitations of the data. Global Carbon Budget 2024/Global Carbon Project, CC BY

Looking ahead

Our latest carbon budget shows global fossil fuel emissions continue to increase, further delaying the peak in emissions. Global CO₂ emissions continue to track in the middle of the range of scenarios developed by the Intergovenmental Panel on Climate Change (IPCC). We have yet to bend the emissions curve into the 1.5–2°C warming territory of the Paris Agreement.

This comes at a time when it’s clear we need to be reducing emissions, to avoid worsening climate change.

We also identified some positive signs, such as the rapid adoption of renewable energy and electric cars as they become cheaper and more accessible, supporting the march toward a net-zero emissions pathway. But turning these trends into global decarbonisation requires a far greater level of ambition and action.The Conversation

Pep Canadell, Chief Research Scientist, CSIRO Environment; Executive Director, Global Carbon Project, CSIRO; Corinne Le Quéré, Royal Society Research Professor of Climate Change Science, University of East Anglia; Glen Peters, Senior Researcher, Center for International Climate and Environment Research - Oslo; Judith Hauck, Helmholtz Young Investigator group leader and deputy head, Marine Biogeosciences section at the Alfred Wegener Institute, Universität Bremen; Julia Pongratz, Professor of Physical Geography and Land Use Systems, Department of Geography, Ludwig Maximilian University of Munich; Pierre Friedlingstein, Chair, Mathematical Modelling of Climate, University of Exeter, and Robbie Andrew, Senior Researcher, Center for International Climate and Environment Research - Oslo

This article is republished from The Conversation under a Creative Commons license. Read the original article.

Thursday, 28 November 2024

International banks express support for nuclear expansion

The Financing the Tripling of Nuclear Energy event (Image: Hechler Photographers)

A group of 14 global financial institutions have expressed their support for the call to action to triple nuclear energy capacity by 2050.

Last December, the United Nations Climate Change Conference (COP28) in Dubai saw the 198 signatory countries to the UN Framework Convention on Climate Change call for accelerating the deployment of low-emission energy technologies including nuclear power for deep and rapid decarbonisation, particularly in hard-to-abate sectors such as industry. In addition, 25 countries at COP28 pledged to work towards tripling global nuclear power capacity to reach net-zero by 2050.

At New York Climate Week, a group of 14 financial institutions on Monday stated their recognition that global civil nuclear energy projects have an important role to play in the transition to a low-carbon economy. They further expressed support for long-term objectives of growing nuclear power generation and expanding the broader nuclear industry to accelerate the generation of clean electrons to support the energy transition.

The institutions include: Abu Dhabi Commercial Bank, Ares Management, Bank of America, Barclays, BNP Paribas, Brookfield, Citi, Credit Agricole CIB, Goldman Sachs, Guggenheim Securities LLC, Morgan Stanley, Rothschild & Co, Segra Capital Management, and Societe Generale.

"Capital markets and financing can play a critical role in developing and growing nuclear energy projects worldwide. Financial institutions can provide experience, global presence, services and solutions to support the industry," according to World Nuclear Association.

Opening the event, John Podesta, Senior Advisor for International Climate Policy to President Biden, said: "Our collective mission is clear - nuclear energy is clean energy, and if we are to ensure a liveable planet, build secure, sustainable supply chains for clean energy and bolster prosperity around the world, we need to make sure that nuclear energy does its part. I know we can make it happen - as long as we work together."

Slovenian Prime Minister Robert Golob added, "The only riddle left to solve is the financial side, the financial costs. Financial markets need to adapt and develop new financial instruments in order for nuclear energy to become competitive with other CO2-free energy sources."

"It is time to take concrete action towards necessary expansion of nuclear energy," said Sweden's Minister for Energy, Business and Industry and Deputy Prime Minister Ebba Busch. "The Swedish government is exploring a proposed financing model which includes government-backed loans, contracts-for-difference (CfDs) and risk-sharing mechanisms. The aim of the proposal is to significantly improve the conditions for nuclear new build in Sweden and with it, a more sustainable future."

Last month, a Swedish government study proposed that state aid be given to companies for investments in new nuclear power following an application procedure. It said a new legislative act should regulate conditions for receiving the support, the support measures, and what an application must contain.

James Schaefer, senior managing director of Guggenheim Securities, said: "New nuclear power is both clean and safe, and more importantly proven, with a number of nations now operating highly advanced and commercially viable third and fourth-generation fission technologies. It is essential that we accelerate the progression of planned projects into plants on the ground given the huge demand coming down the line for data centres and AI technologies. This will require nuclear companies, plant owners, data centre and technology companies, together with banks and financial institutions to collaborate closely."

"Including nuclear energy as a zero-carbon technology alongside renewables is essential to meeting the world's carbon reduction goals and ensuring that heavy industrial manufacturers like Nucor have a reliable and clean electricity supply to continue growing, prospering, and providing high-paying jobs," said Benjamin Pickett, vice president and general manager of public affairs and government relations at Nucor Corporation.

"Since COP28 in Dubai last year, we have witnessed a step change in momentum across the nuclear sector, buoyed by a significant increase in demand for clean electrons for data centres and AI, with global power demand for this sector alone set to double by 2026," said Mohamed Al Hammadi, Managing Director and CEO of the Emirates Nuclear Energy Corporation and chairman of World Nuclear Association.

"With the support of 14 global banks and financial institutions witnessed this morning on the sidelines of New York Climate Week, it is clear that not only is nuclear energy viewed as a crucial enabler to decarbonise the power sector, but it also fits the profile for sustainable and transition financing, especially as we now see multiple nuclear plants being delivered efficiently, providing confidence to the market and a clear market signal that nuclear is a proven, bankable route to energy security and net zero in parallel."

Last week, ten industry associations issued a communiqué during the second Roadmaps to New Nuclear conference in Paris, organised by the OECD Nuclear Energy Agency. They called on all OECD member states to set out clear plans for nuclear energy deployment. Among the eight key areas highlighted by the associations were: ensuring ready access to national and international climate finance mechanisms for nuclear development; ensuring that multilateral financial institutions include nuclear energy in their investment portfolios; and providing clarity to investors on the funding and investment recovery mechanisms available for nuclear projects and including nuclear energy in clean energy financing mechanisms.

Sama Bilbao y León, Director General of World Nuclear Association, welcomed Monday's announcement from leaders in the global finance community. "Now we need to see today's commitment translate to changes in lending policies and greater access for nuclear to sustainable finance mechanisms. Nuclear offers investors long-term returns and a means of tackling the world's urgent and growing need for abundant, affordable, 24/7 clean energy."Today was a major step forward. Meeting the goal of tripling nuclear output will require the commitment and ingenuity of policy makers, financial leaders, the nuclear industry, and many others in a coalition of the ambitious." International banks express support for nuclear expansion