One million species risk extinction due to humans: draft UN report

Agencies
April 24, 2019

UN, Apr 24: Up to one million species face extinction due to human influence, according to a draft UN report obtained by AFP that painstakingly catalogues how humanity has undermined the natural resources upon which its very survival depends.

The accelerating loss of clean air, drinkable water, CO2-absorbing forests, pollinating insects, protein-rich fish and storm-blocking mangroves -- to name but a few of the dwindling services rendered by Nature -- poses no less of a threat than climate change, says the report, set to be unveiled May 6.

Indeed, biodiversity loss and global warming are closely linked, according to the 44-page Summary for Policy Makers, which distills a 1,800-page UN assessment of scientific literature on the state of Nature.

Delegates from 130 nations meeting in Paris from April 29 will vet the executive summary line-by-line.

Wording may change, but figures lifted from the underlying report cannot be altered.

"We need to recognise that climate change and loss of Nature are equally important, not just for the environment, but as development and economic issues as well," Robert Watson, chair of the UN-mandated body that compiled the report, told AFP, without divulging its findings.

"The way we produce our food and energy is undermining the regulating services that we get from Nature," he said, adding that only "transformative change" can stem the damage.

Deforestation and agriculture, including livestock production, account for about a quarter of greenhouse gas emissions, and have wreaked havoc on natural ecosystems as well.

The Intergovernmental Science-Policy Platform on Biodiversity and Ecosystem Services (IPBES) report warns of "an imminent rapid acceleration in the global rate of species extinction." The pace of loss "is already tens to hundreds of times higher than it has been, on average, over the last 10 million years," it notes. "Half-a-million to a million species are projected to be threatened with extinction, many within decades." Many experts think a so-called "mass extinction event" -- only the sixth in the last half-billion years -- is already under way.

The most recent saw the end of the Cretaceous period some 66 million years ago, when a 10-kilometre-wide asteroid strike wiped out most lifeforms.

Scientists estimate that Earth is today home to some eight million distinct species, a majority of them insects.

A quarter of catalogued animal and plant species are already being crowded, eaten or poisoned out of existence.

The drop in sheer numbers is even more dramatic, with wild mammal biomass -- their collective weight -- down by 82 per cent.

Humans and livestock account for more than 95 per cent of mammal biomass.

"If we're going to have a sustainable planet that provides services to communities around the world, we need to change this trajectory in the next ten years, just as we need to do that with climate," noted WWF chief scientist Rebecca Shaw, formerly a member of the UN scientific bodies for both climate and biodiversity.

The direct causes of species loss, in order of importance, are shrinking habitat and land-use change, hunting for food or illicit trade in body parts, climate change, pollution, and alien species such as rats, mosquitoes and snakes that hitch rides on ships or planes, the report finds.

"There are also two big indirect drivers of biodiversity loss and climate change -- the number of people in the world and their growing ability to consume," said Watson. Once seen as primarily a future threat to animal and plant life, the disruptive impact of global warming has accelerated.

Shifts in the distribution of species, for example, will likely double if average temperature go up a notch from 1.5 degrees Celsius (2.7 Fahrenheit) to 2 C.

So far, the global thermometer has risen 1C compared with mid-19th century levels.

The 2015 Paris Agreement enjoins nations to cap the rise to "well below" 2C.

But a landmark UN climate report in October said that would still be enough to boost the intensity and frequency of deadly heatwaves, droughts, floods and storms.

Other findings in the report include:

Three-quarters of land surfaces, 40 per cent of the marine environment, and 50 per cent of inland waterways across the globe have been "severely altered".

Many of the areas where Nature's contribution to human wellbeing will be most severely compromised are home to indigenous peoples and the world's poorest communities that are also vulnerable to climate change.

More than two billion people rely on wood fuel for energy, four billion rely on natural medicines, and more than 75 percent of global food crops require animal pollination.

Nearly half of land and marine ecosystems have been profoundly compromised by human interference in the last 50 years.

Subsidies to fisheries, industrial agriculture, livestock raising, forestry, mining and the production of biofuel or fossil fuel energy encourage waste, inefficiency and over-consumption.

The report cautioned against climate change solutions that may inadvertently harm Nature.

The use, for example, of biofuels combined with "carbon capture and storage" -- the sequestration of CO2 released when biofuels are burned -- is widely seen as key in the transition to green energy on a global scale.

But the land needed to grow all those biofuel crops may wind up cutting into food production, the expansion of protected areas or reforestation efforts.

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News Network
May 29,2020

Karachi, May 29: Investigators and rescue officials have found around Rs 3 crore in cash in the wreckage of the Pakistan International Airlines' aircraft that crashed wth 99 people on board, killing 97 people, including nine children.

Flight PK-8303 from Lahore to Karachi crashed in a residential area near Karachi International Airport on Friday, with only two passengers miraculously surviving the crash.

Investigators and rescue officials have found currencies of different countries and denominations worth around Rs 30 million from the aircraft's wreckage, an official said on Thursday.

"An investigation has been ordered into how such a huge amount of cash got through airport security and baggage scanners and found its way into the ill-fated flight," the official said.

He said that the amount was recovered from two bags in the wreckage.

"The process of identifying the bodies and their luggage which will be handed over to their families and relatives is going on," he said.

A total of 97 people including the aircraft crew died in the crash, one of the most catastrophic aviation disasters in Pakistan's history.

A government official said on Thursday that the identification of 47 bodies had been completed, while 43 bodies were handed over for burial.

Friday's accident was the first major aircraft crash in Pakistan after December 7, 2016 when a PIA ATR-42 aircraft from Chitral to Islamabad crashed midway. The crash claimed the lives of all 48 passengers and crew, including singer-cum-evangelist Junaid Jamshed.

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News Network
May 4,2020

Munbai/New Delhi, May 4: India expects bad debts at its banks could double after the coronavirus crisis brought the economy to a sudden halt, a senior government official and four top bankers said.

Indian banks are already grappling with 9.35 trillion rupees ($123 billion) of soured loans, which was equivalent to about 9.1% of their total assets at the end of September 2019.

"There is a considered view in the government that bank non-performing assets (NPAs) could double to 18-20% by the end of the fiscal year, as 20-25% of outstanding loans face a risk of default," the official with direct knowledge of the matter said.

A fresh surge in bad debt could hit credit growth and delay India's recovery from the coronavirus pandemic.

"These are unprecedented times and the way it's going we can expect banks to report double the amount of NPAs from what we've seen in earlier quarters," the finance head of a top public sector bank told Reuters.

The official and bankers declined to be named as they were not officially authorized to discuss the matter with media.

India's finance ministry declined to comment, while the Reserve Bank of India and Indian Banks' Association, the main industry body, did not immediately respond to emails seeking comment.

The Indian economy has ground to a standstill amid a 40-day nationwide lockdown to rein in the spread of coronavirus cases.

The lockdown has now been extended by a further two weeks, but the government has begun to ease some restrictions in districts that are relatively unscathed by the virus.

India has so far recorded nearly 40,000 cases of the coronavirus and more than 1,300 deaths from COVID-19, the respiratory disease caused by the coronavirus.

'RIDING THE TIGER'

Bankers fear it is unlikely that the economy will fully open up before June or July, and loans, especially those to small- and medium-sized businesses which constitute nearly 20% of overall credit, may be among the worst affected.

This is because all 10 of India's largest cities fall in high-risk red zones, where restrictions will remain stringent.

A report by Axis Bank said that these red zones, which contribute significantly to India's economy, account for roughly 83% of the overall loans made by its banks as of December.

One of the sources, an executive director of a public sector bank, said that economic growth had been sluggish and risks had been heightened, even ahead of the coronavirus crisis.

"Now we have this Black Swan event which means without any meaningful government stimulus, the economy will be in tatters for several more quarters," he said.

McKinsey & Co last month forecast India's economy could contract by around 20% in the three months through June, if the lockdown was extended to mid-May, and growth in the fiscal year was likely to fall 2% to 3%.

Bankers say the only way to stem the steep rise in bad loans is if the RBI significantly relaxes bad asset recognition rules.

Banks have asked the central bank to allow all loans to be categorized as NPAs only after 180 days, which is double the current 90-day window.

"The lockdown is like riding the tiger, once we get off it we'll be in a difficult position," a senior private sector banker said.

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Agencies
February 25,2020

Tokyo, Feb 25: Japan's Chitetsu Watanabe, recognized at 112 years as the oldest man in the world, has passed away 11 days after he received the Guinness World Record certificate, his family said on Tuesday.

Watanabe died on Sunday night, Efe news reported.

He received the official certificate on February 12 at a nursing home in Joetsu in Niigata prefecture, where he resided.

Soon after being certified as the oldest man, he began to experience a lack of appetite and respiratory problems, the wife of his eldest son told public broadcaster NHK.

Born on March 5, 1907 in a family of farmers, Watanabe moved at the age of 20 to Taiwan, where he worked at a sugar refinery for 18 years before returning to Japan after the end of World War II.

A fan of calligraphy, custard and ice cream, Watanabe told the Guinness team that the key to his long life was laughter.

He was recognized as the oldest male in the world following the deaths in 2019 of German Gustav Gerneth (in October), aged 114 years, and Japan's Masazo Nonaka (in January), at the age of 113, three months older than the German.

It remains to be seen who will be recognized after the death of Watanabe, the only male on the list drawn up by the Gerontology Research Group of the 30 oldest people in the world.

Japan has among the highest life expectancy in the world and the number of centenarians in the country has crossed 71,000, according to the latest government figures.

Since 2000, the number of centenarians censored has quintupled, raising concern for the economic outlook and future workforce of the country - where the birthrate is on a downward trend.

Out of these, 88 per cent are women.

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