Category: ioxcznki

 

City watchdog accused of using legal red tape to delay report into RBS GRG unit

first_img whatsapp Cable told City A.M. that Maxwellisation was becoming “an abuse itself”.“It is shameful that almost a decade after this happened we’re not even close to publication,” he said.Read more: City watchdog under fire for delaying report into RBS’s GRG unit“It’s totally reasonable that people have a right to reply, but Maxwellisation should be time limited so it is not used as a device for people who want to hold up the truth,” he said.Last year the watchdog caused widespread dismay when it said it was unable to prosecute senior managers within GRG. The decision came on the back of an investigation by independent investigators Promontory which found “widespread inappropriate treatment” of customers by the GRG.In stage two of its investigation, Promontory proposed looking at the “root causes” of the GRG misconduct, such as the influence of external stakeholders, conflicts of interest and reward and incentive structures for GRG.However, it did not progress to stage two because the FCA said it would proceed straight to enforcement. The regulator then sparked outrage when it said it lacked the powers to discipline RBS – a decision that was branded “disappointing and bewildering” by Treasury Select Committee chair Nicky Morgan.The FCA has come under renewed criticism for its decision to take stage two of Promontory in house in light of recent allegations that the Treasury had significant control of the GRG through the Asset Protect Scheme (APS), which insured RBS’ toxic loans at the height of the financial crisis.The allegations emerged in a court case between the bank and Manchester-based businessman Oliver Morley, who claims RBS placed his firm under “economic duress”. RBS has said the claim is without merit. At a Treasury Select Committee hearing in January this year, FCA chief executive Andrew Bailey said Maxwellisation had started. As named individuals are given 21 days to respond, Bailey said that part of the process would be complete by mid-February.An FCA spokesperson said: “There has been no delay in the publication of our report into GRG.”Read more: Nicky Morgan ducks investigation into Treasury role in RBS GRG unitKevin Hollinrake, chair of the parliamentary group for fair business banking, said: “It seems to be excuse after excuse. If Maxwellisation is the reason, then I don’t buy it.”The fear is that the FCA is running scared of RBS and who was responsible. It seems we have to go to RBS for approval at every stage to get approval for reports. It is very disappointing.” City watchdog accused of using legal red tape to delay report into RBS GRG unit Alexandra Rogers center_img Thursday 11 April 2019 5:56 pm whatsapp Share The City watchdog has been accused of abusing legal red tape to delay a report into its controversial decision not to take action against senior individuals within RBS’s rogue unit GRG.Former business secretary Sir Vince Cable said the Financial Conduct Authority (FCA) is using Maxwellisation – a process whereby individuals criticised in an investigation are given the chance to respond – to “hold up” the publication of the report, which names senior individuals in the unit that has been accused of destroying thousands of small businesses and livelihoods. Tags: Company FCA Royal Bank of Scotland Grouplast_img read more

 

Singing of arms and the man: Behind the big Boris defence announcement

first_img City A.M.’s opinion pages are a place for thought-provoking views and debate. These views are not necessarily shared by City A.M. Singing of arms and the man: Behind the big Boris defence announcement The announcement was preceded, of course, by a leak to the media, so that it could make a splash in the morning press.  Fine, stirring words, and guaranteed to press the buttons of the traditional Tory right, men and women who have had to put a brave face on reductions in the armed forces’ budget for many years now. Options for Change, Front Line First, the Strategic Defence and Security Review — all have been packaged as “holistic” analyses of the UK’s capabilities, but all have been, in truth, predicated on a shrinking budget. It was interesting to note that the chancellor, Rishi Sunak, tweeted about the new investment and his first two points were the creation of jobs and the revival of UK shipbuilding; important bonuses, certainly, but surely not the driving purpose of a defence review? Share Show Comments ▼ High-tech, high-visibility investment in cutting edge research and design, which will be important in meeting present and future threats, but little comfort to the 1,500 personnel still deployed in Iraq and Afghanistan, and of limited immediate relevance to the average infantryman. whatsapp One should not be churlish. New spending for the MoD is welcome, and this is a lot of money. But it has not been planned according to strategic needs or threats, and it does little to address the defence budget’s procurement “black hole” (calculated by the National Audit Office at £13bn). It’s headline-grabbing, but fails to address some of the most basic needs of the armed forces, like armoured fighting vehicles and the long-term future of the Challenger 2 tank fleet. It might deserve, to paraphrase, EM Forster, two cheers. And it is a triumph for Ben Wallace, the defence secretary who now appears to be back firmly in Number 10’s good books.  However, the real story is obscured by the flashy headline. £4bn a year is a lot of money, but the annual defence budget is north of £40bn, and big-ticket items are ruinously pricey. Each F-35B Lightning jet, for example, costs a little under £200m. This is dwarfed by Trident, of course: the last defence review calculated that the cost of the four new ballistic missile submarines would be £31bn. That gives us an idea of the quantum we are contemplating. Standard practice these days, unfortunately — but the story was still an impressive one: the Prime Minister was giving the Ministry of Defence an extra £4bn a year for the next four years, because “the defence of the realm and the safety of the British people must come first”. Eliot WilsonEliot Wilson is co-founder of Pivot Point and a former House of Commons official. Friday 20 November 2020 5:03 am whatsappcenter_img As the Prime Minister said: “the defence of the realm and the safety of the British people must come first” Also Read: Singing of arms and the man: Behind the big Boris defence announcement So on what basis have these spending decisions been made? They certainly can’t have been based on the thorough analysis of threats and capabilities we were promised — or, if they are, then the Integrated Review was a waste of time and many contributors will feel short-changed.  The most eyebrow-raising aspect of this announcement is its timing. The government’s Integrated Review of Security, Defence, Development and Foreign Policy, intended to examine the UK’s needs and priorities across the board of international affairs, which began in October 2019, is still underway. Its publication date has been delayed by the Covid-19 pandemic and the wheels are moving slowly: rumours from inside the MoD suggest that the Army’s submission has yet to be accepted. Let us look, too, at what the Prime Minister has highlighted as spending priorities. Type 32 frigates (built in the UK and therefore supporting the shipbuilding industry); directed-energy weapons; a new artificial intelligence centre; and an RAF Space Command, aiming to launch its first rocket (from Scotland) in 2022.  It is a commonplace in the world of defence wonks to note that we would not now be able to mount a rerun of Operation Corporate (the liberation of the Falkland Islands in 1982); in truth, we would struggle to replicate Iraq or Afghanistan. So this considerable increase in spending is welcome. But we have a long way to go before our military capabilities match the swooping rhetoric of the Prime Minister’s announcement. More From Our Partners Matt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comWhy people are finding dryer sheets in their mailboxesnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com The Prime Minister has changed that narrative, and for that he deserves credit. He is quite right to identify defence of the realm as the first duty of the state, and correct too that the armed forces are, as they have been for decades, badly underfunded.  Main image credit: Getty As the Prime Minister said: “the defence of the realm and the safety of the British people must come first” Opinion As the Prime Minister said: “the defence of the realm and the safety of the British people must come first” Also Read: Singing of arms and the man: Behind the big Boris defence announcement last_img read more

 

News / Transpacific rates still under pressure but Asia-Europe space still tight

first_imgBy Mike Wackett 16/06/2017 Container spot rates from Asia to the US came under more pressure this week, with the Shanghai Containerized Freight Index (SCFI) to both west and east coast ports falling sharply.Spot rates showed a 10.3% decline on the week for US west coast ports, to $1,146 per 40ft, while for the east coast there was a drop of 6.8% to $2,081 per 40ft.This further rate softening, just ahead of the all-important peak season, followed a 9.6% and 8% fall respectively the previous week.Carriers will be alarmed that rates continue to fall despite robust Asian exports being handled at major US ports, although the weakness is predicted to ease.US forwarder Flexport said in a market analysis this week that the 1 June general rate increase (GRI) of $150-200 had been only “partially implemented”, while the 15 June GRI was “abandoned altogether”.However, it added: “Space will tighten in late June in preparation for back-to-school shipping.”According to the latest monthly Global Port Tracker report, compiled by the US National Retail Federation (NRF) and Hackett Associates, volumes are set to hit all-time highs by the end of the summer.NRF vice president for supply chain and customs policy Jonathan Gold said: “That’s because retailers are responding to strong consumer demand.”Indeed, ports covered by Global Port Tracker handled throughput of 1.61m teu in April, up 11.3% year-on-year, which followed a 15.8% growth in March.This growth is expected to slow significantly as figures start being compared with the strong volumes in the second half of 2016. However, the report predicts volumes in May to be ahead year-on year by 3.9% and in June and July by 4.1% and 3.5% respectively.Carriers are endeavouring to stop the rate erosion with a mixture of GRIs and peak season surcharges for July and August.For example, Hapag-Lloyd said it would implement a GRI from Asia to the US and Canada of $560 per 20ft and $700 per 40ft, effective 15 July.On the same date, the carrier will introduce a PSS of $320 per 20ft and $400 per 40ft with the PSS increasing from 1 August by $240 per 20ft and by $300 per 40ft.On the Asia-Europe trades, the SCFI recorded spot rates down a few percentage points this week to $880 per teu for North Europe ports and $877 per teu for the Mediterranean.However, most Asia-Europe carriers are enjoying much higher contract rates than a year ago, and one container line executive told The Loadstar this week his company’s ratio of spot cargo had fallen to “below 25%” on recent voyages, as space from Asia remained tight, even before the start of the peak season, a situation confirmed by forwarders.On the backhaul rout, carriers are continuing to benefit from unprecedentedly high rates. Drewry’s World Container Index (WCI) this week recorded a 21% hike in spot rates from Rotterdam to Shanghai, to $1,452 per 40ft.This follows a 10% uplift in last week and means rates on the route are now 140% higher than a year ago, as shippers continue to experience capacity issues when booking containers.last_img read more

 

Premium / On the wires: JD Logistics – a (loss-making) $33bn rocket with satellites to deploy

first_img Reset Your Password Premium subscriber LOGIN Email* Forgotten your password? Please click here By Alessandro Pasetti 28/05/2021 Please Login New Premium subscriber REGISTER << Go back LOGIN Please either REGISTER or login below to continue “Following the completion of the global offering, (i) listing of JD Logistics on the main board of the Hong Kong Stock Exchange took place on May 28, 2021; and (ii) dealings in the JD Logistics shares on the main board of the Hong Kong Stock Exchange commenced at 9:00 a.m. on May 28, 2021. (…) The stock code is 2618.” JD.com, 28 May 2021. Subscription required for Premium stories In order to view the entire article please login with a valid subscription below or register an account and subscribe to Premium Password* Email* Resetlast_img read more

 

PS in Youth Ministry addresses JIS Think Tank

first_imgPS in Youth Ministry addresses JIS Think Tank CultureJanuary 20, 2010 Advertisements RelatedPS in Youth Ministry addresses JIS Think Tank FacebookTwitterWhatsAppEmail Permanent Secretary in the Ministry of Youth, Sports and Culture (MYSC), Faith Innerarity, emphasises the importance of the first Forum of Ministers Responsible for Social and Sustainable Development in the Caribbean that will be hosted at the Jamaica Pegasus Hotel from January 24 – 26, 2010. The occasion was a JIS Think Tank session today (Jan. 19) at the agency’s head office in Kingston. center_img RelatedPS in Youth Ministry addresses JIS Think Tank RelatedPS in Youth Ministry addresses JIS Think Tanklast_img read more

 

Australia’s vaccine boost for PNG and Timor-Leste shows world how it should be done

first_imgAustralia’s vaccine boost for PNG and Timor-Leste shows world how it should be done World Vision Australia (WVA) has welcomed the Australian Government’s ongoing support for Timor-Leste and Papua New Guinea, hailing its leadership and generosity as an example to the rest of the world.World Vision Australia CEO Daniel Wordsworth said Australia continued to show that it is a generous and caring nation.“We have seen a rapid increase in COVID-19 cases in Papua New Guinea. From only a handful of cases in January and February, to an alarming spike throughout March and into April,” Mr Wordsworth said.“Very low testing rates coupled with high positive test results means we are looking at an increasingly dire situation right on Australia’s doorstop. We are also increasingly concerned about a spike in COVID-19 cases in Timor-Leste following the devastation of Cyclone Seroja.“There is a very real risk of the virus spreading more rapidly within Dili’s 40 evacuation centres, which are housing between 7000 and 10,000 people,” he warned. “This latest assistance of 10,000 vaccine doses a week, coupled with the $7 million relief package for Timor-Leste, is an act of friendship and leadership in our region.“Australia has again shown that it is a caring nation. Its generosity and refusal to indulge in vaccine nationalism are an example to the rest of the world. I also applaud the Government’s courage – in a world where vaccine nationalism and inward looking are a regrettable, yet understandable, response, Australia has extended a hand of friendship, care and generosity to its neighbours.”World Vision Australia has been working with its National Offices in PNG, in Timor-Leste and across the Pacific since the start of the pandemic to respond to countries’ immediate needs through our existing programs /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:Australia, Australian, Australian Government, covid-19, Cyclone, Dili, evacuation, Government, Guinea, leadership, pacific, pandemic, Papua New Guinea, testing, vaccine, World Visionlast_img read more

 

Latest models suggest smaller third wave in late summer but variant risks remain

first_imgLatest models suggest smaller third wave in late summer but variant risks remain The roadmap out of lockdown for England could lead to a smaller third wave in late summer or autumn, but the risks of new variants of concern remain.Imperial’s COVID-19 Response Team estimate that if steps 3 and 4 of the roadmap continue as planned, there will be a small wave of hospitalisations and 9,000 (estimate range: 5,100 to 16,600) additional deaths by June 2022.The team warns that new variants of concern still have the potential to cause a much larger third wave depending on how they spread and whether they can escape immunity.The report, along with work from the University of Warwick and the London School of Hygiene & Tropical Medicine (LSHTM), is informing the UK government’s ‘roadmap’ out of lockdown for England.Imperial’s researchers have revised their estimates for projected deaths from previous reports because of new data showing virus transmission from people who have been vaccinated but still get infected is nearly 50% lower than from unvaccinated cases.The latest models suggest that 72% of the English population could be protected against severe disease through vaccination or recovery from previous infection by the end of August.The researchers say that most deaths are likely to occur in people who have already been vaccinated, as while the vaccines are highly effective, none are 100 percent effective at preventing hospitalisations and deaths.The team estimates that the current level of transmission in England is around 1, however, this estimate may not fully capture the impact of schools opening after Easter given the delay before changes in contact rates are reflected in surveillance data.Population protection Based on PHE data available to 28 April 2021, 64% of the adult population in England have received at least one vaccine dose and 26% have received two doses.The team say that this means around 40% of adults (31% of the whole population) are protected against symptomatic disease, and 49% of adults (38% of the whole population) are protected against severe disease and hospitalisation, by vaccination. An additional 15% of the population who are not protected through vaccination are thought to be protected through immunity from past infection.View embedded Twitter contentProjections show that by 21 June 2021, 52% of the whole population will be protected against symptomatic disease and 60% against severe disease, due to either vaccination or recovery from infection, assuming a vaccine rollout rate of 2.7million doses per week.Projections show that by 31 August 2021, 92% of the adult population (72% of whole population) will have received at least one dose of the vaccine, and 78% of the adult population (61% of whole population) will have received two vaccine doses.This means that 72% of the English population could be protected against severe disease through vaccination or recovery from previous infection.The remaining 28% of the population will be unprotected at this point because under 18-year-olds will not be vaccinated , and vaccines will not fully protect all people.Variants of concern If a variant of concern emerges with similar transmissibility to B.1.1.7 and with a moderate ability to evade immunity from vaccines and prior infection, the researchers predict that a third wave substantially larger (both in hospitalisation and deaths) than the winter of 2021 could occur.The team say that remaining at step 3 beyond 17 May is projected to maintain the effective reproduction number around 1 and keep hospitalisations and deaths at very low levels. It would also dampen a third wave if a variant of concern did emerge that could partially evade vaccines and immunity from previous infection. Reinitiating restrictions similar to step 3 could be an option to counter the emergence of variants of concern, at least temporarily until booster vaccines are distributed.Professor Neil Ferguson, from the School of Public Health, said: “Current trends in the UK are looking very positive, and support the decision to substantially relax restrictions. Vaccines have had a major impact in reducing hospitalisations and deaths, and crucially we know now that they are significantly reducing transmission as well. New variants of concern may pose a risk to reopening which is why a vaccine booster programme in the autumn will be important to help suppress any future outbreaks and maintain population protection.”Dr Anne Cori, from the School of Public Health, said: “With revised higher vaccine efficacy assumptions in light of the latest scientific evidence, our model suggests that proceeding with the planned roadmap should lead to a small third wave. However this wave may be considerably larger if variants of concern are imported into the UK. Limiting such importations will be critical in the next few months.”Dr Marc Baguelin, from the School of Public Health, said: “Our latest modelling shows the tremendous impact vaccination has had on reducing the burden of Covid-19 at a population level alongside restrictions put in place at the end of the winter. We are in a much better position now than a few months ago and we should be able to continue reopening the country. If vaccine escape variants were to emerge and become established we would need to revisit this strategy and potentially trigger a boosting campaign in the autumn.”Imperial’s COVID-19 Response Team are embedded within Imperial’s MRC Centre for Global Infectious Disease Analysis (MRC GIDA) and the Jameel Institute both based in the School of Public Health. /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:COVID-19 Response, Easter, English, Ferguson, Government, health, Imperial College London, infectious disease, London, public health, reproduction, surveillance, Twitter, UK, university, University of Warwick, vaccination, Warwicklast_img read more

 

Cryptocurrency pullback amid profit-taking and risk aversion

first_imgCryptocurrency pullback amid profit-taking and risk aversion Cryptocurrency market is moderately down and the pullback continues to persist so far on the back of a relative pickup in risk aversion, which appears has triggered massive profit-taking since last night.The overall sour mood is not just confirmed to the crypto market as ASX 200 index, European equities and commodities, including crude oil are down. The bond market and fiat currencies appear to be stable for now against the falling risk appetite.From massive selloff volumes, it appears many traders and speculators are moving to lock in gains now before a potential selling spree that could be triggered in anticipation of President Joe Biden’s  capital gains tax (CGT) hike.The CGT rise would negatively impact crypto or stock holders who are sitting on large amounts of unrealized gains, and was expected to encourage profit taking before the proposal is legislated. The move makes sense since the tax would later disproportionally affect sellers of the assets that have generated massive unrealized gains.As of press time, Bitcoin (BTC) is changing virtual hands at US $55,400, Ether (ETH) at US $4,000, ripple (XRP) at US $1.45, Binance Coin (BNB) US $661, cardano (ADA) at US $1.69, Dogecoin (DOGE) at US $0.49, ChainLink (Link) at US $47, UniSwap (UNI) at US $37, Polkadot (DOT) at US $37 and Stellar (XML) at US $0.63.As reported earlier based on the technical indications, the upwards traction in the market was mostly out of steam as the sustained rally over the past days had pushed valuations to levels considered as overbought thresholds by many traders and speculators.Overbought is a term used in RSI technical analysis to describe a condition when an intensified buying pushes the price too far up usually after a sharp percentage increase in short period of time.  The RSI provides signals that tell investors to buy when the currency is oversold and to sell when it is overbought.Note a pullback should not be confused with a reversal as a pullback is a temporary pause or dip which might actually quickly turn into an upward momentum while a reversal is a more long-term drop against the otherwise prevailing trend. It happens because bargain hunters usually see pullbacks as an opportunity to top up their wallets and support the price upwards.  Some indicators, including moving averages and pivot points can be used to decide whether a pullback is actually turning into a reversal.It is important to note that the range in price swings at the moment shows any possible pullback would likely be limited in the magnitude due to strong support under the current levels.    Risk Warning: Cryptocurrency is a unregulated virtual notoriously volatile asset with a high level of risk.  Any news, opinions, research, data, or other information contained within this website is provided for news reporting purposes as general market commentary and does not constitute investment or trading advice.  Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:bitcoin, capital gains tax, cardano, chainlink, cryptocurrency, dogecoin, ethereum, Government, Joe Biden, litecoin, polkadot, uniswaplast_img read more

 

Feasibility of transformation pathways for achieving Paris Climate Agreement

first_imgFeasibility of transformation pathways for achieving Paris Climate Agreement International Institute for Applied Systems AnalysisWhat drives the feasibility of climate scenarios commonly reviewed by organizations like the Intergovernmental Panel on Climate Change (IPCC)? And can they actually be achieved in practice? A new systematic framework can help understand what to improve in the next generation of scenarios and explore how to make ambitious emission reductions possible by strengthening enabling conditions.While the IPCC is in the midst of the drafting cycle of the Sixth Assessment Report, whose publication will start in the second half of 2021, there is an ongoing debate on how to assess the feasibility of ambitious climate mitigation scenarios developed through integrated assessment models and to what extent they are actually achievable in the real world. In their new study published in Environmental Research Letters, researchers from IIASA and the RFF-CMCC European Institute on Economics and the Environment (EIEE) developed a systematic framework that allows identifying the type, timing, and location of feasibility concerns raised by climate mitigation scenarios.“Feasibility – in other words, how plausible it is that a scenario materializes in the real world – is a complex concept that is currently getting significant academic attention. In our research, we built on past advancements in theoretical discussions and propose to operationalize feasibility in terms of the timing, disruptiveness, and scale of transformation across geophysical, technological, economic, institutional, and sociocultural feasibility dimensions,” explains the paper’s first author, Elina Brutschin, researcher in the IIASA Transformative Institutional and Social Solutions Research Group.“Another major insight concerns the necessity to improve the assessment of socio-cultural feasibility concerns by including more indicators and incorporating insights on attitudes and behavioral changes from the social sciences,” says Silvia Pianta, a postdoctoral researcher at EIEE and PhD fellow at Bocconi University.“We found that the current generation of scenarios does not explore demand-side mitigation to its full potential and that more research is necessary in this area,” adds coauthor Bas van Ruijven, IIASA Sustainable Service Systems Research Group leader.To address these issues, the researchers developed a feasibility evaluation of indicators in each decade, with a flexible aggregation procedure that allows assessing feasibility concerns across dimensions and time. This flexible approach enabled them to look at the “big picture” to, for instance, assess which dimension raises major feasibility concerns, but also to analyze more detailed questions such as trade-offs over time, both within and across different dimensions. The resulting systematic framework is extremely useful, not only to understand what to improve in the next generation of scenarios, but also to analyze more systematically what type of enabling factors might bring us closer to more ambitious mitigation paths in the future.The authors specifically applied the framework to the publicly available scenario set from the IPCC Special Report on Global Warming of 1.5°C and found that many scenarios currently assume a relatively fast overall decarbonization rate in regions that have a relatively low mitigation capacity. According to Brutschin, this suggests that many feasibility concerns are related to institutional constraints such as government effectiveness. While improving the quality of governance in many regions might be complicated, targeted capacity building and investments can significantly contribute to overcoming this challenge.The authors highlight that the framework allows tracing important trade-offs over time, noting that while past studies focused on mitigation costs, the new research clearly shows that delayed climate action might generally be much more risky than an early disruptive transformation as delayed action requires an overall larger system to be transformed much faster and by relying on new technologies. In this regard, a better understanding of inter-temporal and inter-dimensional trade-offs incorporating insights from experts and policymakers is essential to take the overall understanding of the feasibility concepts to the next level.“The new versatile framework that emerged from this collaborative project can be applied to any set of scenarios and can be constantly improved by incorporating new insights from the empirical literature on what is feasible in the real world. Although it was originally developed to evaluate global scenarios, it can be adjusted to have a more systematic evaluation of regional or national feasibility concerns in the future,” notes IIASA Energy, Climate, and Environment Program Director, Keywan Riahi, who is also a coordinating lead author in Working Group III of the IPCC Sixth Assessment Report.In addition to the new framework, the researchers also developed an interactive visual tool with key contributions by Giacomo Marangoni, a researcher at EIEE and Assistant Professor at Politecnico di Milano.“A new data visualization method is extremely valuable when looking at multidimensional concepts such as feasibility. The tool we developed allows us to visualize our feasibility evaluations for different scenarios and to assess the sensitivity of our results to the definition of different feasibility concern thresholds,” he says.The data visualization tool can be accessed here: https://data.ece.iiasa.ac.at/climate-action-feasibility-dashboard/ReferenceBrutschin, E., Pianta, S., Tavoni, M., Riahi, K., Bosetti, V., Marangoni, G., & van Ruijven, B. (2021) A multidimensional feasibility evaluation of low-carbon scenarios. Environmental Research Letters DOI: 10.1088/1748-9326/abf0ce /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. 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WDFW closes recreational fishing statewide

first_imgWDFW closes recreational fishing statewidePosted by ClarkCountyToday.comDate: Wednesday, March 25, 2020in: Sportsshare 0 Decision made in response to governor’s ‘Stay Home, Stay Healthy’ order OLYMPIA – The Washington Department of Fish and Wildlife (WDFW) announced Wednesday its decision to temporarily close recreational fishing and shellfishing statewide in the wake of Washington Gov. Jay Inslee’s order directing Washingtonians to stay home and stay healthy to limit the spread of coronavirus/COVID-19.The closures will begin at midnight Wed., March 25 and last until at least 5 p.m. on April 8. WDFW will re-evaluate on April 6 whether the closure may need to be extended. Photo by Mike SchultzThe closures will begin at midnight Wed., March 25 and last until at least 5 p.m. on April 8. WDFW will re-evaluate on April 6 whether the closure may need to be extended. Photo by Mike SchultzThe closures will begin at midnight Wed., March 25 and last until at least 5 p.m. on April 8. WDFW will re-evaluate on April 6 whether the closure may need to be extended.“This is not a decision we take lightly, but it’s the right thing to do for the health and well-being of Washington’s families,” said WDFW Director Kelly Susewind. “Monday’s extraordinary order for the residents of our state to stay home requires all of us to work together to ensure these measures have the intended effect.”Fishery managers have reported that some anglers have been seen crowding banks as concerns over coronavirus have continued.“We’ve seen an uptick in outdoor recreation at some locations in recent weeks as people have looked for ways to get outside,” said WDFW Fish Program Director Kelly Cunningham. “We’ve had reports of crowded boat ramps and busy fishing on some rivers, which runs counter to the governor’s direction to stay home and practice social distancing.”In addition, many salmon and steelhead fisheries require regular monitoring under the Endangered Species Act (ESA), which includes conducting angler interviews at access sites surrounding the state’s marine waters. The on-site, face-to-face nature of angler interviews puts people at potential risk of transmitting the coronavirus. Without such monitoring, these recreational fisheries must close to ensure ESA protections.WDFW and other state agencies previously closed all of their water access sites, including boat launches, and other public lands where people may gather. Local and tribal governments are taking similar actions across Washington.WDFW Enforcement officers remain on duty and will be enforcing these new closures.The lowland lakes opening day for trout remains scheduled for April 25, but will be evaluated depending on whether the governor’s “Stay Home, Stay Healthy” order might be further extended.For the latest updates on WDFW’s coronavirus response, please visit https://wdfw.wa.gov/about/covid-19-updates. Updates to openings and closures will be posted to that page. For the latest information on the statewide response to this pandemic, visit https://coronavirus.wa.gov/.The Washington Department of Fish and Wildlife is the state agency tasked with preserving, protecting, and perpetuating fish, wildlife, and ecosystems, while providing sustainable fishing, hunting, and other recreation opportunities.AdvertisementThis is placeholder textTags:Clark CountyCovid-19Latestshare 0 Previous : Vancouver Public Works responds to Washington’s ‘Stay Home’ order Next : Clark County ramps up quest for testing supplies and protective equipmentAdvertisementThis is placeholder textlast_img read more