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Big Money to Respond to Climate Change Is Key to UN Talks in Baku. How Can Nations Raise It?

Big money to respond to climate change is key to the United Nations talks underway in Azerbaijan

BAKU, Azerbaijan (AP) — Just as a simple lever can move heavy objects, rich nations are hoping another kind of leverage — the financial sort — can help them come up with the money that poorer nations need to cope with climate change.It involves a complex package of grants, loans and private investment, and it's becoming the major currency at annual United Nations climate talks known as COP29.But poor nations worry they’ll get the short end of the lever: not much money and plenty of debt.Money is the key issue in Baku, where negotiators are working on a new amount for aid to help developing nations transition to clean energy, adapt to climate change and deal with weather disasters. It’ll replace the current goal of $100 billion annually — a goal set in 2009. Climate cash could be in the form of loans, grants or private investment Experts put the need closer to $1 trillion, while developing nations have said they'll need $1.3 trillion in climate finance. But negotiators are talking about different types of money as well as amounts.Developed countries have aid budgets of $200 billion, said Avinash Persaud, climate adviser for the Inter-American Development Bank, and "they’re the ones going to be providing the finance in the system." There's a big difference between $200 billion and $1.3 trillion. But that can be bridged with “the power of leverage," Persaud and others said.When a country gives a multilateral development bank like his $1, it could be used with loans and private investment to get as much as $16 in spending for transitioning away from dirty energy, Persaud said. When it comes to spending to adapt to climate change, the bang for the buck, is a bit less, about $6 for every dollar, he said.The World Bank president said all the multinational development banks could spend $125 billion on climate loans. Then those loans could be used as leverage for even more spending, several climate economics experts said.“That's a big lever,” said Melanie Robinson, global climate economics and finance director at World Resources Institute.But when it comes to compensating poor nations already damaged by climate change — such as Caribbean nations devastated by repeated hurricanes — leverage doesn't work because there's no investment and loans. That's where straight-out grants could help, Persaud said. For developing nations, the talk of loans brings fear of debt If climate finance comes mostly in the form of loans, except for the damage compensation, it means more debt for nations that are already drowning in it, said Michai Robertson, climate finance negotiator for the Alliance of Small Island States. And sometimes the leveraged or mobilized money doesn’t quite appear as promised, he said.“All of these things are just nice ways of saying more debt,” Robertson said. “Are we here to address the climate crisis, which especially small developing states, least developed countries, have basically done nothing to contribute to it? The new goal cannot be a prescription of unsustainable debt.”Robertson also scoffed at suggestions that leverage can turn $1 into $7 or even $16, saying that for small island nations, it often turns out to be more like a whopping $1.75.His organization argues that most of the $1.3 trillion it seeks should be in grants and very low-interest and long-term loans that are easier to pay back. Only about $400 billion should be in leveraged loans, Robertson said.Another method for funding climate finance could be an international tax. That could be on shipping, aviation or billionaires, experts, such as Robertson, suggested. That would be politically difficult, but “the reality is that the world cannot tax up to $1 trillion of the taxpayers to make this happen, which is why we have to think about development finance and climate finance,” said United Nations Environment Programme Director Inger Andersen suggested.Leverage from loans “will be a critical part of the solution,” Andersen said. But so must grants and so must debt relief, she added.“Many countries are drowning in debt,” Andersen said. It's going to be a tough call for finance and climate ministers, she said.“We have to see the courage of ministers to find a way that we can get to the right place,” Andersen said. “The reality is that climate change is happening right now. All countries are impacted. Nobody is immune to this. And the bill is just escalating more and more. And that is irrespective where you live on this beautiful planet of ours.”Associated Press reporter Sibi Arasu contributed.The Associated Press’ climate and environmental coverage receives financial support from multiple private foundations. AP is solely responsible for all content. Find AP’s standards for working with philanthropies, a list of supporters and funded coverage areas at AP.org.Copyright 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.Photos You Should See - Sept. 2024

New Zealand Inks 'Sustainable' Trade Deal With Switzerland, Costa Rica and Iceland

SYDNEY (Reuters) - New Zealand signed a trade deal on Saturday with Switzerland, Costa Rica and Iceland to remove tariffs on hundreds of...

SYDNEY (Reuters) - New Zealand signed a trade deal on Saturday with Switzerland, Costa Rica and Iceland to remove tariffs on hundreds of sustainable goods and services, in a move Wellington says will boost the country's export sector.The Agreement on Climate Change, Trade and Sustainability (ACCTS) was signed at a ceremony during the Asia-Pacific Economic Cooperation (APEC) in Peru on Saturday after being struck in July, Trade and Agriculture Minister Todd McClay said in a statement."This agreement removes tariffs on key exports including 45 wood and wool products — two sectors that are vital to achieving our goal of doubling New Zealand's exports by value in 10 years," McClay said."It will also reduce costs for consumers, removing tariffs on hundreds of other products, including insulation materials, recycled paper, and energy-saving products such as LED lamps and rechargeable batteries."The deal prioritised New Zealand's "sustainable exports", he said, amid a roll back by the country's centre-right government of environmental reforms in a bid to boost a flailing economy. Exports make up nearly a quarter of New Zealand's economy.(Reporting by Sam McKeith in Sydney; Editing by Sandra Maler)Copyright 2024 Thomson Reuters.Photos You Should See - Sept. 2024

Key Colorado River basins could be at a tipping point: Study

Six key watersheds along the Colorado River have become increasingly vulnerable to drought and could be nearing a point of no return, a new study has found. These basins, located in Colorado's "Western Slope" region — the part of the state west of the Continental Divide — face a critical situation in which traditional water...

Six key watersheds along the Colorado River have become increasingly vulnerable to drought and could be nearing a point of no return, a new study has found. These basins, located in Colorado's "Western Slope" region — the part of the state west of the Continental Divide — face a critical situation in which traditional water delivery capabilities may no longer be available, according to the study, published in Earth's Future. The six watersheds collectively support a $5 billion annual agricultural economy and also feed the Lake Powell reservoir — the second largest reservoir in the Colorado River region. "Water supplies in the West Slope Basins could be near a tipping point if a dryer future is realized," the study authors wrote. "A relatively modest decrease in streamflow could generate a cascade of multi-sectoral impacts, threatening agricultural output, lowering reservoir levels, and harming sensitive ecosystems," they added. The researchers — from Cornell University and Utrecht University in the Netherlands — paired the Colorado river's current planning model with a new modeling framework that created hundreds of thousands of streamflow scenarios, under historical and climate-change conditions. Their results raised concerns by indicating that vulnerability analyses that rely only on historical records might be severely underestimating the potential impacts of drought events. “Our work shows that even relatively middle-of-the-road climate change and streamflow declines in these basins flows can threaten to put the system at risk of breaching a tipping point," senior author Patrick Reed, a professor at Cornell's School of Civil and Environmental Engineering, said in a statement. At such a point, Reed explained, the basins might become unable "to maintain the levels of deliveries to Lake Powell that we’re accustomed to over recent history." For example, the authors cited a 2021 drought that led Lake Powell to drop to unprecedented lows, prompting the federal Bureau of Reclamation to declare the first-ever water shortage for the upper portion of the Colorado River Basin. Such shortages, according to the study, can emerge from the combination of a basin's internal variability and the impacts of drought on the region as a whole. The authors said that their research was designed to help better understand the limits of current management policies, while clarifying where new sustainable management strategies could be useful. Their findings, they explained, are particularly timely, as the seven Colorado River states and federal agencies continue to negotiate long-term water-sharing agreements for the basin's future.

Graph-based AI model maps the future of innovation

An AI method developed by Professor Markus Buehler finds hidden links between science and art to suggest novel materials.

Imagine using artificial intelligence to compare two seemingly unrelated creations — biological tissue and Beethoven’s “Symphony No. 9.” At first glance, a living system and a musical masterpiece might appear to have no connection. However, a novel AI method developed by Markus J. Buehler, the McAfee Professor of Engineering and professor of civil and environmental engineering and mechanical engineering at MIT, bridges this gap, uncovering shared patterns of complexity and order.“By blending generative AI with graph-based computational tools, this approach reveals entirely new ideas, concepts, and designs that were previously unimaginable. We can accelerate scientific discovery by teaching generative AI to make novel predictions about never-before-seen ideas, concepts, and designs,” says Buehler.The open-access research, recently published in Machine Learning: Science and Technology, demonstrates an advanced AI method that integrates generative knowledge extraction, graph-based representation, and multimodal intelligent graph reasoning.The work uses graphs developed using methods inspired by category theory as a central mechanism to teach the model to understand symbolic relationships in science. Category theory, a branch of mathematics that deals with abstract structures and relationships between them, provides a framework for understanding and unifying diverse systems through a focus on objects and their interactions, rather than their specific content. In category theory, systems are viewed in terms of objects (which could be anything, from numbers to more abstract entities like structures or processes) and morphisms (arrows or functions that define the relationships between these objects). By using this approach, Buehler was able to teach the AI model to systematically reason over complex scientific concepts and behaviors. The symbolic relationships introduced through morphisms make it clear that the AI isn't simply drawing analogies, but is engaging in deeper reasoning that maps abstract structures across different domains.Buehler used this new method to analyze a collection of 1,000 scientific papers about biological materials and turned them into a knowledge map in the form of a graph. The graph revealed how different pieces of information are connected and was able to find groups of related ideas and key points that link many concepts together.“What’s really interesting is that the graph follows a scale-free nature, is highly connected, and can be used effectively for graph reasoning,” says Buehler. “In other words, we teach AI systems to think about graph-based data to help them build better world representations models and to enhance the ability to think and explore new ideas to enable discovery.”Researchers can use this framework to answer complex questions, find gaps in current knowledge, suggest new designs for materials, and predict how materials might behave, and link concepts that had never been connected before.The AI model found unexpected similarities between biological materials and “Symphony No. 9,” suggesting that both follow patterns of complexity. “Similar to how cells in biological materials interact in complex but organized ways to perform a function, Beethoven's 9th symphony arranges musical notes and themes to create a complex but coherent musical experience,” says Buehler.In another experiment, the graph-based AI model recommended creating a new biological material inspired by the abstract patterns found in Wassily Kandinsky’s painting, “Composition VII.” The AI suggested a new mycelium-based composite material. “The result of this material combines an innovative set of concepts that include a balance of chaos and order, adjustable property, porosity, mechanical strength, and complex patterned chemical functionality,” Buehler notes. By drawing inspiration from an abstract painting, the AI created a material that balances being strong and functional, while also being adaptable and capable of performing different roles. The application could lead to the development of innovative sustainable building materials, biodegradable alternatives to plastics, wearable technology, and even biomedical devices.With this advanced AI model, scientists can draw insights from music, art, and technology to analyze data from these fields to identify hidden patterns that could spark a world of innovative possibilities for material design, research, and even music or visual art.“Graph-based generative AI achieves a far higher degree of novelty, explorative of capacity and technical detail than conventional approaches, and establishes a widely useful framework for innovation by revealing hidden connections,” says Buehler. “This study not only contributes to the field of bio-inspired materials and mechanics, but also sets the stage for a future where interdisciplinary research powered by AI and knowledge graphs may become a tool of scientific and philosophical inquiry as we look to other future work.” 

ICE Unveils Biogas Plan to Combat Costa Rica’s Growing Waste Management Crisis

The Costa Rican Electricity Institute (ICE) is taking bold steps to address the country’s mounting landfill crisis with an innovative biogas initiative that could transform waste management across the nation. Turning Waste into Energy: ICE’s Vision for Sustainable Solutions ICE’s executive president, Marco Acuña, revealed plans for a new biogas production strategy that will convert […] The post ICE Unveils Biogas Plan to Combat Costa Rica’s Growing Waste Management Crisis appeared first on The Tico Times | Costa Rica News | Travel | Real Estate.

The Costa Rican Electricity Institute (ICE) is taking bold steps to address the country’s mounting landfill crisis with an innovative biogas initiative that could transform waste management across the nation. Turning Waste into Energy: ICE’s Vision for Sustainable Solutions ICE’s executive president, Marco Acuña, revealed plans for a new biogas production strategy that will convert organic waste into renewable energy. The project, aimed at implementation within five to six years, could provide a much-needed solution to Costa Rica’s waste management challenges. The initiative comes at a critical time, as Costa Rica grapples with depleting sanitary landfills and ineffective recycling practices. According to a 2016 Comptroller General report, merely 1% of the country’s waste undergoes recycling, highlighting the urgent need for alternative solutions. ICE’s experience with biogas already shows promise. Their existing facility at La Uruca’s EBI plant successfully generates 140 kilowatts of energy from landfill gas, which is fed directly into the national grid. The new project aims to expand on this success, targeting the 53% of Costa Rica’s waste that consists of organic matter. Acuña also points to additional opportunities, suggesting that non-recyclable waste could serve as industrial fuel, further maximizing resource utilization and supporting sustainable waste management practices. The initiative aligns with the Ministry of Health’s “Waste to Energy” plan, which envisions regional waste-to-energy centers throughout Costa Rica. However, despite ICE initiating an eligibility process for such projects in May last year, no proposals have been submitted, revealing ongoing challenges with municipal engagement and infrastructure development. As the Greater Metropolitan Area faces immediate waste management pressures, authorities emphasize the need for quick action. While ICE’s biogas project offers a promising medium-term solution, immediate steps are crucial to protect public health and prevent environmental degradation. The post ICE Unveils Biogas Plan to Combat Costa Rica’s Growing Waste Management Crisis appeared first on The Tico Times | Costa Rica News | Travel | Real Estate.

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