live Oil climbs past $119 a barrel as Iran crisis squeezes global supply - Monday 9 March
Global oil prices continue to rise, currently surpassing $119 a barrel this Monday, an almost four year high following fresh U.S.-Israeli...
The U.N. is working to secure $19M in climate financing for Afghanistan, aiming to address droughts and floods without engaging Taliban authorities, as the country remains blocked from climate funds since the 2021 takeover.
The United Nations is working to unlock crucial climate financing for Afghanistan, one of the nations most vulnerable to climate change, which has not secured approval for new funds of this nature since the Taliban's 2021 takeover, two U.N. officials told Reuters.
Plagued by droughts and deadly floods, Afghanistan has been unable to access U.N. climate financing due to political and procedural hurdles since the former insurgents assumed power. Two U.N. agencies are currently drafting proposals they hope to present next year to secure nearly $19 million from the U.N.’s Global Environment Facility (GEF), a financial mechanism under the 2015 U.N. Paris Agreement on climate change.
The FAO hopes to secure $10 million to improve rangeland, forest and watershed management across up to four provinces in Afghanistan, while avoiding giving money directly to Taliban authorities. The U.N. Development Programme is pursuing $8.9 million to improve the resilience of rural communities where livelihoods are threatened by increasingly erratic weather patterns, the agency told Reuters. If successful, it plans to seek another $20 million project.
“We’re in conversations with the GEF, the Green Climate Fund, the Adaptation Fund – all these major climate financing bodies – to reopen the pipeline and get resources into the country, again, bypassing the de facto authorities,” said Stephen Rodriques, UNDP resident representative for Afghanistan.
Because the Taliban government is not recognised by U.N. member states, U.N. agencies would both submit the requests and implement the projects locally.
A Taliban administration spokesperson did not respond to requests for comment.
Trump says the United States "don’t need people that join wars after we’ve already won," targeting his criticism at UK Prime Minister Keir Starmer. Israel continues to fire missles at strategic sites in Iran and Gulf regions report more strikes from Iran.
Global oil prices continue to rise, currently surpassing $119 a barrel this Monday, an almost four year high following fresh U.S.-Israeli strikes targeting oil depots. Stock markets shares slumped on fears the conflict with Iran could disrupt shipments through the Strait of Hormuz.
U.S. President Donald Trump threatened further attacks on Iran on Saturday (7 March), while the United Arab Emirates and Saudi Arabia continued to shoot down missiles in their airspace. Meanwhile, Iran’s President Masoud Pezeshkian said Tehran would stop attacking its neighbours.
Russian attacks on Ukraine’s second largest city in the early hours of Saturday (7 March) killed 10 people, including two children. Kharkiv mayor, Ihor Terekov, said 10 residents died after a Russian ballistic missile hit a five storey apartment block in the city.
Mojtaba Khamenei, son of the late Ayatollah Ali Khamenei, is a hardline cleric with strong backing from the Islamic Revolutionary Guard Corps. His rise signals continuity in Tehran's anti-Western policies.
The death toll from heavy rains and flooding in Brazil’s Minas Gerais state has risen to 46, authorities said, with 21 people still reported missing. The storms triggered landslides and widespread flooding, displacing thousands across Juiz de Fora and Uba.
The administration of U.S. President Donald Trump on Thursday (12 February) announced the repeal of a scientific finding that greenhouse gas emissions endanger human health, and eliminated federal tailpipe emissions standards for cars and trucks.
Tropical Cyclone Gezani has killed at least 31 people and left four others missing after tearing through eastern Madagascar, the government said on Wednesday, with the island nation’s second-largest city bearing the brunt of the destruction.
Rivers and reservoirs across Spain and Portugal were on the verge of overflowing on Wednesday as a new weather front pounded the Iberian peninsula, compounding damage from last week's Storm Kristin.
Morocco has evacuated more than 100,000 people from four provinces after heavy rainfall triggered flash floods across several northern regions, the Interior Ministry said on Wednesday.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment