SINGAPORE, June 26 (Reuters) – More than 90% of the world’s marine food supplies are at risk from environmental changes such as rising temperatures and pollution, with top producers like China, Norway and the United States facing the biggest threat, new research showed on Monday. “Blue food” includes more than 2,190 species of fish, shellfish,...
Can a global fee on oil imports help address climate damages?
Countries that import the most oil will have to make the biggest contribution to the fund The biggest achievement at the annual United Nations climate summit last year was committing to create a fund that would compensate the poorest for destruction wrought by global warming. One of the questions at the upcoming COP28 summit will...
Climate change is pushing ecosystems beyond ‘tipping points’, research shows
Ecosystems threatened by climate change can collapse faster than those faced with additional stresses such as bad agricultural practices, new research suggests. The findings shed light on what could happen in the coming decades if global warming continues to put the natural environment under strain. Researchers have said that while ecosystems can collapse rapidly, they also have the ability to recover...
Prigozhin, Wagner’s Role in Africa and the Dubai Safe house: We haven’t heard it all, yet
Amidst the world’s scrutiny, it is surprising that no envoy has yet been sent to Dubai, where the global future of the Kremlin’s mercenary army can be understood. For years, the United Arab Emirates has served as a de facto “current and savings account” for Prigozhin, facilitating his operations in the extended Middle East and...
Russia’s bloody hands in Sudan
Russia’s Wagner Group precipitated Sudan’s destructive civil war by assisting both the Rapid Support Forces (RSF) of Sudanese General Mohammed Dagalo aka “Hemeti” and General Abdel Fattah al-Burhan, the military commander of Sudan’s Armed Forces (SAF). Both did business with Yevgeny Prigozhin, Wagner’s head and confidant of Vladimir Putin, who expanded his wealth and power by...
Sudan: Hemeti and the $16bn annual gold exports to the UAE
Until January of 2020, when Sudan opened up the gold market to raise revenue, the central bank in Khartoum was the only entity allowed to buy and export gold, and it set up local trading centres. This is part 3 of a series. For Part 1 click here. For Part 2 click here. Since the revolution that ousted Bashir...
The politics, economics and science of climate change
Climate change is one of the most daunting challenges of our times. It is undoubtedly an existential threat to human survival on the planet. Despite large-scale efforts over the past few decades, awareness on the subject is still limited, and hampered by political, economic, social and cultural considerations.Former US Vice President Al Gore’s documentary film...
What climate change means for investing
Climate change is an unfortunate reality that is going to reshape many parts of our world — and investing is likely no exception. According to a recent study by the International Finance Corporation (IFC), “effects on returns from climate change are inevitable,” with — perhaps unsurprisingly — “the energy sector most significantly impacted.” As a citizen of a...
Has the US lost the UAE to Russia, China?
The fabric of America’s strategic ties to the Gulf region is fraying. The leader of its most consequential nation, Saudi Arabia, has essentially told the Biden administration with regard to oil supply, arms sales or nuclear power, “If you want to work with me fine, but if not, there are others who will.” Less visible but hardly...
A brief introduction to climate change and torrential rainstorms
These readings will get you up to speed on the causes and impacts of flooding around the world. By now, it’s clear, one result of global warming is more flooding. Considering only instances caused by torrential rainstorms (not hurricanes, glacial-lake outbursts, or other factors), here is a partial list of countries that had significant floods...