11,000 Scientists Declare Climate Emergency across the Globe, Warn of Unavoidable Human Suffering

News Network
November 6, 2019

Nov 6: More than 11,000 scientists warned Tuesday of "untold suffering" due to global warming, even as another team said Paris carbon-cutting pledges are "too little, too late".

The European Union, meanwhile, confirmed that last month was the warmest October ever registered, fast on heels of a record September and the hottest month ever in July.

Three-quarters of national commitments under the Paris climate accord to curb greenhouse gases will not even slow the accelerating pace of global warming, according to a report from five senior scientists.

The sobering assessment came a day after President Donald Trump formally notified the United Nations of the US withdrawal from the 2015 Paris climate pact, triggering concerns of how other nations might react.

"With few exceptions, the pledges of rich, middle-income and poor nations are insufficient to address climate change," said Robert Watson, who chaired both the UN Intergovernmental Panel on Climate Change (IPCC) and the UN's science body for biodiversity.

"As they stand, the pledges are far too little, too late."

In parallel, more than 11,000 scientists sounded a five-bell alarm in the peer-reviewed journal BioScience, noting that the world had failed to act on global warming despite the accumulation of evidence over 30 years.

"We declare, clearly and unequivocally, that planet Earth is facing a climate emergency," the statement said.

Emissions of the gases warming Earth's surface must drop 50 percent by 2030 and to "net zero" -- with no additional carbon entering the atmosphere by mid-century -- if the Paris treaty's goal of capping warming at 1.5 to 2.0 degrees Celsius is to be met, the IPCC concluded last year.

And yet 2018 saw unprecedented global carbon pollution of more than 41 billion tonnes, two percent higher that 2017, also a record year.

Global temperatures have increased 1 C above pre-industrial levels -- enough to boost the impact of deadly heatwaves, floods and superstorms -- and are on track to rise another two or three degrees by the end of the century.

"Failing to reduce emissions drastically and rapidly will result in an environmental and economic disaster," said James McCarty, a professor of oceanography at Harvard University, and co-author of the analysis of voluntary Paris pledges to reduce carbon pollution.

Just over half of greenhouse gas emissions from power, industry, agriculture and deforestation -- the main drivers of global warming -- came from four nations last year: China, the United States, India and Russia.

Accounting for 13.1 percent of the total, the US has turned its back on the Paris deal.

"China and India could say 'damn it, we're going to demonstrate to the world that we are climate leaders'," Watson told AFP.

- EU gets passing marks -

"Or they could say 'if the US is not going to do it, we're not going to either'. It could go either way."

China has said it will lower carbon intensity and peak emissions by about 2030.

But the size and staggering growth of its economy will likely overwhelm such marginal improvements, the scientists said.

At 29 percent of the global total, China alone pumps out more CO2 than the next three nations combined, though about 13 percent of those emissions are generated by exports destined for rich nations, recent research has shown.

India, which is ramping up both renewable energy and carbon-intensive coal-fired power, accounted for seven percent in 2018, and Russia -- which has made no pledge at all -- added 4.6 percent.

The efforts of the world's top four emitters was deemed "insufficient", according to the report.

All told, nearly three-quarters of 184 registered pledges were judged inadequate to stop climate change from continuing to accelerate in the next decade.

All but a handful are unchanged since being submitted in 2015 and 2016.

Among major economic blocs, only the European Union, with its 28 member states, got a passing mark.

"The EU is clearly in the lead in trying to address the climate crisis," Watson said.

The emissions of the world's poorest nations have been and continue to be negligible, but steps must be taken today to shape their energy futures.

"Sooner or later, they will start to grow, and we don't want them to become dependent on cheap fossil fuel energy," Watson noted.

"They need financial and technical assistance."

Under the Paris treaty, developing nations are to receive $100 billion annually from next year to help curb climate change and cope with its impacts.

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News Network
February 2,2020

Feb 2: Prime Minister Narendra Modi’s second budget in seven months disappointed investors who were hoping for big-bang stimulus to revive growth in Asia’s third-largest economy.

The fiscal plan -- delivered by Finance Minister Nirmala Sitharaman on Saturday -- proposed tax cuts for individuals and wider deficit targets but failed to provide specific steps to fix a struggling financial sector, improve infrastructure and create jobs. Stocks slumped as a proposal to scrap the dividend distribution tax for companies failed to impress investors.

"Far from being a game changer, the budget provides little in terms of short-term growth stimulus,” said Priyanka Kishore, head of India and South East Asia economics at Oxford Economics Ltd. in Singapore. “While income tax cuts will provide some relief on the consumption front, the multiplier effect is low and the overall stance of the budget is not expansionary."

India has gone from being the world’s fastest-growing major economy three years ago, expanding at 8%, to posting its weakest performance in more than a decade this fiscal year, estimated at 5%.

While the government has taken a number of steps in recent months to spur growth, they’ve fallen short of spurring demand in the consumption-driven economy. Saturday’s budget just added to the glum sentiment.

Okay Budget

“It’s an okay budget but not firing on all cylinders that the market was hoping for,” said Andrew Holland, chief executive officer at Avendus Capital Alternate Strategies in Mumbai.

The government had limited scope for a large stimulus given a huge shortfall in revenues in the current year. The slippage induced Sitharaman to invoke a never-used provision in fiscal laws, allowing the government to exceed the budget gap by 0.5 percentage points. The result: the deficit for the year ending March was widened to 3.8% of gross domestic product from a planned 3.3%.

On Friday, India’s chief economic adviser Krishnamurthy Subramanian said reviving economic growth was an “urgent priority” and deficit goals could be relaxed to achieve that. The adviser’s Economic Survey estimated growth will rebound to 6%-6.5% in the year starting April.

The fiscal gap will narrow to 3.5% next year, as the government budgeted for gross market borrowing to rise marginally to 7.8 trillion rupees from 7.1 trillion rupees in the current year. A plan to earn 2.1 trillion rupees by selling state-owned assets in the year starting April will also help plug the deficit.

Total spending in the coming fiscal year will increase to 30.4 trillion rupees, representing a 13% increase from the current year’s budget, according to latest data.

Key highlights from the budget:

* Tax on annual income up to 1.25 million rupees pared, with riders

* Dividend distribution tax to be levied on investors, instead of companies

* Farm sector budget raised 28%, transport infrastructure gets 7% more

* Spending on education raised 5%

* Fertilizer subsidy cut 10%

Analysts said the muted spending plan to keep the deficit in check will lead to more downside risks to growth in the coming months.

“It is very doubtful that the increase in expenditure will push demand much,” Chakravarthy Rangarajan, former governor at the Reserve Bank of India told BloombergQuint, adding that achieving next year’s budget deficit goal of 3.5% of GDP was doubtful.

With the government sticking to a conservative fiscal path, the focus will now turn to central bank, which is set to review monetary policy on Feb. 6. Given inflation has surged to a five-year high of 7.35%, the RBI is unlikely to lower interest rates.

What Bloomberg’s Economists Say:

The burden of recovery now falls solely on the Reserve Bank of India. With inflation breaching RBI’s target at present, any rate cuts by the central bank are likely to be delayed and contingent upon inflation falling below the upper end of its 2%-6% target range.

-- Abhishek Gupta, India economist

Governor Shaktikanta Das may instead focus on unconventional policy tools such as the Federal Reserve-style Operation Twist -- buying long-end debt while selling short-tenor bonds -- to keep borrowing costs down.

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News Network
February 26,2020

New Delhi, Feb 26: Calling the recent violence in Delhi as 'planned conspiracy', Sonia Gandhi on Wednesday demanded Union Home Minister Amit Shah's resignation over the clashes that left 20 people dead in two days.

"CWC (Congress Working Committee) believes Home Minister and Centre is responsible. The Home Minister should tender his resignation with immediate effect," the Congress party's interim chief told reporters here.

Violent clashes erupted between pro and anti-CAA groups in parts of northeast Delhi on Monday, leading to widespread vandalism and arson for over two days.

While many blamed police for inaction to control the mobs, Union Home Minister Amit Shah met the top brass of Delhi Police, Chief Minister Arvind Kejriwal, LG Anil Baijal and directed the officials to control the situation.

Gandhi blamed both the Central and the Delhi governments, saying the administration did not take adequate steps on time to curb violence in the national capital.

"Chief Minister Arvind Kejriwal and Center is equally responsible for not activating the administration to reach out to the people to maintain peace and harmony," Sonia added.

The death toll in the violence rose to 20 on Wednesday, according to GTB hospital authorities.

Government sources told ANI that the National Security Advisor (NSA) Ajit Doval has been given the charge of bringing normalcy in the capital.

Sources also said that Doval will brief Prime Minister Narendra Modi and the Cabinet about the prevailing situation.

The NSA last night visited Jaffrabad, Seelampur and other parts of northeast Delhi where he held talks with leaders of different communities.

Without naming any leader, the Congress interim president also targeted the leaders of the Bharatiya Janata Party for making inflammatory statements saying that "there is a conspiracy behind the violence, country also saw this during Delhi elections. Many BJP leaders made inciting comments creating an atmosphere of fear and hatred."

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News Network
May 26,2020

Warangal, May 26: A 26-year-old man from Bihar was arrested here for murdering nine people by throwing them into a well to cover the murder of a woman, police said on Monday.

Dr Ravinder, Commissioner of Police (CP), Warangal, said that the bodies were recovered on May 21 and May 22 from the well. Investigation has revealed that the accused, Sanjay Kumar Yadav, killed all of them to cover up the murder of Rafiqa, with whom he had a relationship.

He said that Yadav got acquainted with a person named Maqsood and his sister-in-law Rafiqa. "Slowly, he came close to Rafiqa and started living together with her three children. Yadav tried to misbehave with Rafiqa's 15-year-old daughter. Rafiqa did not like this and threatened to lodge a complaint against him," Ravinder said.

"Then, Yadav planned to kill Rafiqa in order to live with her daughter. Yadav promised Rafiqa to marry. They boarded a train to West Bengal from March 7. Yadav mixed sleeping tablets in the food packet and later strangulated her, and threw her body outside the train," he said.

According to police, Yadav later came back to Warangal but Maqsood's wife Nisha started questioning him about the whereabouts of Rafiqa.

"Nisha threatened to lodge a police complaint against him. With a premeditated motive, from May 16 to May 20, he visited Maqsood's family who stayed in a gunny bag factory," he said.

Yadav purchased sleeping pills from Warangal and mixed in the food on the birthday of Maqsood's elder son on May 20, police said.

"Maqsood and his five family members were living there. Yadav mixed sleeping pills in the food and later they consumed it. Maqsood's family friend Shakeel was also there. Then, he went to the first floor of the factory where two labourers were staying. He mixed sleeping pills in their food too. He suspected that they may get up and create a problem. To cover up the murder of Rafiqa, he killed nine people," Ravinder said.

At around 12:30 am, Yadav woke up and saw that everyone is asleep, according to police.

"Then, he used the gunny bags to drag all the nine people into the well. He threw the gunny bag one by one into the well," Ravinder said.

According to the police, six teams were deployed to investigate the case.

"Yadav has been arrested now and will be taken to police custody. We will collect all evidence and ensure that he gets maximum punishment for this offence," Ravinder said.

 

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abdullah
 - 
Thursday, 4 Jun 2020

Yadav will be released by court saying that he is mentally sick and he did not kill 10 people intentionally.  

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