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G-20 Finance Chiefs Said to Drop Climate Reference in Document

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Angela Merkel
  • G-20 Finance Chiefs Said to Drop Climate Reference in Document

Finance ministers from the world’s biggest economies dropped a reference to climate change in a draft of their statement at a Group of 20 meeting, frustrating plans by Germany to devote a section to the topic, according to people familiar with the talks.

Deputies concluded crafting the communique on Thursday evening, and ministers and central-bank governors will debate the document in the German town of Baden-Baden on Friday. The language may still change before the final version is released the next day.

Germany is using its year as G-20 president to push for the group to support climate protection. That effort has run into resistance from countries including the U.S., China, India and Saudi Arabia, one G-20 official said, speaking on condition of anonymity because the talks were private.

“There can be a way to overcome disagreements today — that is, not writing about it in the communique,” French Finance Minister Michel Sapin told reporters in the southwestern German spa town on Friday. “But not writing about it doesn’t mean not talking about it. Not writing about it means that there are difficulties, that there is a disagreement and that we we must work on them in the coming months.”

At their last meeting in Chengdu, China, G-20 finance chiefs urged governments to “help bring the Paris Agreement on Climate Change into force as soon as possible” and called for “timely implementation” of the agreement. The document also made a reference to climate finance and reaffirmed a commitment to phase out fuel subsidies.

Changing Paths

The government of German Chancellor Angela Merkel, who’s scheduled to meet U.S. President Donald Trump in Washington on Friday, may take a different route in its push for climate protection. It’s set to present a plan next week as energy and environment officials gather in Berlin for a meeting of the G-20 Sustainability Working Group.

The 23-page draft, obtained by Bloomberg News, outlines how the most prosperous nations can lead by example, cutting their own greenhouse-gas emissions, financing efforts to curb pollution in poorer countries and take other steps to support the landmark Paris climate accord.

“The link between global warming and the organization of financial markets and even the organization of the global economy” is particularly important for France, Sapin said in Baden-Baden. “We’ll see whether there’ll be agreement with the U.S. administration, but there can be no going back on this for the G-20.”

Germany remains committed to using the G-20 leaders’ meeting in Hamburg in July to promote efforts to combat global warming, Nina Wettern, a spokeswoman for the German Environment Ministry, said by email. “Climate protection is a core issue of Germany’s G-20 presidency,” she said.

CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and Investing.com, with over a decade experience in the global financial markets.

Government

University Of Ibadan (UI) Goes Digital, Releases Timetable for Virtual Academic Session

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University Of Ibadan (UI) Goes Digital, Releases Timetable for Virtual Academic Session

University of Ibadan (UI) on Friday announced it is going ahead with resumption on February 20 despite the second wave of COVID-19.

In a statement released by the school, the First Semester of the 2020/2021 academic session will commence virtually on February 20, 2021.

The virtual academic session will last for 13 straight weeks and end on Friday May 12, 2021, while the matriculation ceremony will hold on Tuesday March 16, 2021.

The University of Ibadan also scheduled one week for the Finalization of Continuous Assessment, to begin from Mon. 17 May and ends Friday 21 May.

The rising number of COVID-19 cases has compelled the Senate to approve the virtual academic session in an effort to ensure the tertiary institution abides by the protocols established by the Federal Government to curb the spread of the pandemic.

“It, therefore, agreed that the 2020/2021 First Semester lectures will be delivered online. In this regard, students will not be accommodated on campus,” a statement from the school said.

“Senate also approved the cancellation of the 2019/2020 session. The next session is, therefore, renamed 2020/2021 Academic Session. Consequently, students who have been admitted for the 2019/2020 session will now be regarded as the 2020/2021 intakes.

“Kindly note that online opening of Registration Portal and Orientation Programme for the 2020/2021 intakes may commence ahead of the Sat 20/02/21 date indicated above,” the statement said.

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House of Representatives Impeached Trump Over Capitol Invasion

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House of Representatives Impeached Trump Over Capitol Invasion

The United States House of Representatives on Wednesday impeached President Trump for the second time after instigating the US Capitol invasion.

Led by Speaker of the House, Nancy Pelosi, 232 representatives, including 10 Republicans, voted to impeach the outgoing president against 197 that voted for him to remain in the office for the next six days when he would handover to the president-elect, Joe Biden.

The ten Republicans were Representatives Liz Cheney of Wyoming, the party’s No. 3 leader in the House; Jaime Herrera Beutler of Washington; John Katko of New York; Adam Kinzinger of Illinois; Fred Upton of Michigan; Dan Newhouse of Washington; Peter Meijer of Michigan; Anthony Gonzalez of Ohio; David Valadao of California; and Tom Rice of South Carolina.

Speaking before the vote, Pelosi said “a constitutional remedy that will ensure that the Republic will be safe from this man who is so resolutely determined to tear down the things that we hold dear and that hold us together.”

“He must go. He is a clear and present danger to the nation that we all love,” she said, adding later, “It gives me no pleasure to say this — it breaks my heart.

Republicans, who unanimously stood behind president Trump in 2019 during his first impeachment, were divided this time over the attack on Capitol.

A Republican representative from California, Kevin McCarthy, said “The president bears responsibility for Wednesday’s attack on Congress by mob rioters,” Mr. McCarthy said. “He should have immediately denounced the mob when he saw what was unfolding.”

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US Congress Declares Joe Biden as The 46th President of The United States After Trump Mob Left

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Joe Biden Economic Impliccations on Nigeria

US Congress Declares Joe Biden as The 46th President of The United States After Trump Mob Left

The joint congress of the United States on Thursday, January 7, 2021 certified Joe Biden as the 46th President of the United States following President Trump’s mob action that disrupted the congress joint proceeding on Wednesday.

After ordering his followers to disrupt proceedings on Wednesday, President Trump later announced that there will be an orderly transition on January 20.

Even though I totally disagree with the outcome of the election, and the facts bear me out, nevertheless there will be an orderly transition on January 20th,” Trump said in a statement issued by White House Deputy Chief of Staff Dan Scavino.

“I have always said we would continue our fight to ensure that only legal votes were counted. While this represents the end of the greatest first term in presidential history, it’s only the beginning of our fight to Make America Great Again!” Trump added.

While the certification was just a mere formality as Biden had secured enough electoral college votes (270) required to clinch the world’s most powerful seat, the refusal of Donald Trump to accept the results of the November 2020 election made the session a keenly watched, especially after Trump mob disrupted a joint session of the Senate.

Also read Facebook, Twitter, Instagram Lock President Trump Out of Their Platforms Following Insurrection

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