Experts see growing stranded asset threat for China’s continued coal plant financing

first_img FacebookTwitterLinkedInEmailPrint分享South China Morning Post:China risks being left behind as South Korea and Japan signal a shift away from financing overseas coal power in response to growing criticism over their support for the dirty fossil fuel.The three countries are the top global lenders for coal energy infrastructure, bankrolling projects beyond their borders through export credit agencies and developing new markets to export coal plant technology. But there are signs that Japan and South Korea may be preparing to scale back official support amid mounting pressure from the public and investors on environmental grounds.Japan announced last month that it would tighten funding criteria for foreign coal-fired power plants, and next month South Korean lawmakers will debate several bills aimed at banning overseas coal investment as part of a post-coronavirus “Green New Deal”.“This is profoundly serious, because it is an acceleration of a trend that is already established in global financial markets,” said Melissa Brown, the director of energy finance studies, Asia, at the Institute for Energy Economics and Financial Analysis. “It has a very strong economic foundation, which is that – based on virtually all of the coherent and credible evidence we have today – coal-fired power facilities that are brought into service in the next five years are extremely unlikely to have a productive, profitable economic life.”China has an outsize impact on development financing for coal. From 2000-2019, its two global policy banks – the China Development Bank and the Export-Import Bank of China – issued loans totaling US$51.8 billion for coal energy projects around the world, according to the Global Development Policy Centre at Boston University.In comparison, Japan spent US$26 billion financing 36 overseas coal-fired power plants between January 2003 and April 2019, the Japan Centre for a Sustainable Environment and Society estimated. South Korean public financial institutions, meanwhile, supported 24 overseas coal projects with US$10 billion from 2008 to 2018, according to Solutions for Our Climate (SFOC), a Seoul-based non-profit organisation.[Harry Pearl]More: China slow to curb coal financing as Japan, South Korea ‘accept new reality’ on phasing out fossil fuels Experts see growing stranded asset threat for China’s continued coal plant financinglast_img read more

The CUInsight Experience podcast: George Ombado – Rising up (#48)

first_imgWelcome to episode 48 The CUInsight Experience with your host Randy Smith, co-founder of CUInsight.com. In this episode, Randy welcomes George Ombado, CEO of ACCOSCA, a Pan-African confederation of national associations of savings and credit cooperatives societies. This episode was recorded at the 20th Annual SACCA Congress in Mombasa, Kenya.ACCOSCA has developed programs aimed at improving socio-economic needs of Africa through saving and credit unions, partnering with various government bodies, development agencies and research institutions to contribute towards mitigating challenges facing Africa in the twenty-first century.Listen to this conversation about credit union growth in Africa, and the differences to the more mature U.S. credit union system. George talks about how he’s fashioned the Africa Development Education program after attending DE in North Carolina and shares a great story about Bill and Crissy Cheney helping him get home after his flight was canceled due to snow.George is inspired to see that young people and women are being accepted by the leadership today because these things wouldn’t have been possible ten years ago. He is working to build the regulatory framework in Africa because it builds confidence to have it, whereas, in the U.S, we are trying to get rid of some of it. George has excellent insight into the global credit union movement of today, and you won’t want to miss what he has to say. Enjoy!Subscribe on: Apple Podcasts, Spotify, Google Play, Stitcher How to find George:George Ombado, CEO of the Africa Confederation of Co-operative Savings & Credit Associations (ACCOSCA)www.ACCOSCA.orggeorge.ombado@accosca.orgLinkedIn | Twitter | Facebook Show notes from this episode:Check out all the amazing George and his team at ACCOSCA are doing on the continent.You can find our more about the SACCA Congress here. I can’t wait to attend next year.This is an article I wrote about my experience at 20th SACCA Congress and the Don Bosco Special School project mentioned: Asante Africa: My heart is full from your cooperative spiritShout-out: David MategwaShout-out: Julie FergusonIt took only minutes for George and I to start talking DE. Are you a CUDE? Just do it. Sign up.Shout-out: to our friends at the African-American Credit Union Coalition (AACUC)Shout-out: Lois Kitsch and CU Difference. Lois is responsible for my first experience in Kenya and meeting George. Life changing.Shout-out: to Bill and Crissy Cheney for getting George and his crew to DC for at flight home after DE.Keep a lookout for more information on the ACCOSCA Foundation.Shout-out: Mr. Bert J. Hash, Jr.Shout-out: Brian BranchShout-out: Maureen, Betty Rose and the rest of George’s team at ACCOSCA.Album mentioned: Bob Marley’s Greatest Hits by Bob MarleyBook mentioned: Allah is Not Obliged by Ahmadou KouroumaPrevious guests mentioned in this episode: Lois Kitsch, Bill Cheney, Julie Ferguson, Jill Nowacki (episodes 4, 18 & 37)You can find all past episodes of The CUInsight Experience here. In This Episode:[01:58] – George, Welcome to the show![02:38] – George discusses what ACCOSCA is and what they are involved in.[04:41] – They talk about Africa’s DE programs and why they are so invaluable.[06:23] – George went to a DE program in North Carolina and had Crissy Cheney in his class. He used what he learned to set up the program in Africa.[08:22] – They speak about the global board that George has set up.[10:40] – Why does Africa see such growth in credit unions while the U.S considers a decrease?[14:14] – George took the job at ACCOSCA to bring the level of engagement up and to have the ability to help his country.[16:10] – Has your inspiration for taking the job changed over the years?[17:50] – George says his leadership style is hands-on; he likes to empower people and see people get the right opportunities.[18:46] – He feels that his team would say that he pushes to get things done.[19:18] – George talks about planning all the time.[19:53] – The 2020 SACCA Congress will be held in the Kingdom of Eswatini in South Africa.[20:21] – What mistakes do you see young leaders make today?[21:30] – When George gets frustrated, he puts his head down and gets it done.[22:25] – He keeps his message fresh by communication, but he thinks there is improvement needed.[23:15] – He likes to rugby games and travel when he has a little time off, which is rare.[24:20] – George got into trouble when he was about 7 or 8; his mom got mad at him for having someone else pen.[25:13] – Everyday he plans for the next day, he maps it out.[25:46] – Favorite Album?[26:13] – Favorite Book?[26:48] – George says that money has become less important, connecting with people is more important.[27:44] – When he hears the word success, his parents come to mind every time.[29:03] – George says that the new SACCO Insight with Randy will help get the credit union movement out to other nations. 84SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,Randall Smith Randall Smith is the co-founder of CUInsight.com, the host of The CUInsight Experience podcast, and a bit of a wanderlust.As one of the co-founders of CUInsight.com he … Web: www.CUInsight.com Detailslast_img read more

Akwa Ibom Gov Redeems Pledge to Eagles

first_imgGovernor Emmanuel had promised the players the sum of $10,000 for every goal, two days before their clash with the African champions, whom the Eagles walloped 4-0 in Uyo on the first day of September, before earning a 1-1 draw with the Lions in Yaounde three days later.Yesterday, the football-loving governor and great host of the Super Eagles in this qualifying campaign, said there is more where the money came from, if the team earns a sixth FIFA World Cup appearance by winning tomorrow.“I know you have the quality to overcome in this important match, but I don’t want you to under-rate your opponents. I love the professionalism and dedication to the cause that you have shown since the beginning of this qualifying campaign. Those efforts have putNigeria at the top of the table.“I want to commend the NFF, your coaches and the support staff for the great job they have all done in support of your efforts to get to this position. You are just one win away from achieving your goal. The Zambians are taking this game as a do-or-die affair, so we need to be totally focused and play like soldiers.”Responding on behalf of the team, Captain John Mikel Obi thanked the governor and pledged to him and indeed Nigerians everywhere that the Super Eagles will not disappoint on Saturday.“We very much appreciate the role Your Excellency, the Government and good people of Akwa Ibom State, the NFF and Nigerians from all walks of life have played to get us to this position in this campaign. We know how much this match means and we will go out there and do the job.”Table-toppers Nigeria will qualify for a sixth FIFA World Cup appearance with the minimum victory on Saturday. The match kicks off at 5pm.Meanwhile, President of the Nigeria Football Federation, Mr. Amaju Melvin Pinnick, has asked the Super Eagles to be calm but clinical in Saturday’s showdown with the Zambians.“The tendency is for teams to get uptight and tensed for this kind of match. I have spoken to them and the approach should be to take full control from the beginning and take the chances that come without being too anxious.“We defeated the African champions, Cameroon, by maintaining focus and with the team imposing its game and taking the chances that came their way. That should be the approach for Saturday.”Zambia last tasted victory against Nigeria in a competitive football match at senior level 32 years ago.There have been 18 matches in all, with the Eagles winning seven, Zambia winning five and six draws. But this is only the second FIFA World Cup qualifying match between the two teams, the first won by the Eagles in Ndola last year.NIGERIA & ZAMBIA AT SENIOR LEVEL15 July 1973: Zambia 5 Nigeria 1 – Lusaka (AFCON Qualifier)29 July 1973: Nigeria 3 Zambia 2 – Lagos (AFCON Qualifier)14 Feb 1976: Zambia 1 Nigeria 3 – Lusaka (Friendly)10 Mar 1978: Zambia 0 Nigeria 0 – Accra (AFCON)25 July 1981: Zambia 3 Nigeria 0 – Lusaka (Friendly)13 Mar 1982: Zambia 3 Nigeria 0 – Benghazi (AFCON)10 Aug 1985: Nigeria 0 Zambia 0 – Lagos (AFCON Qualifier)18 Aug 1985: Zambia 1 Nigeria 0 – Lusaka (AFCON Qualifier)12 Mar 1990: Zambia 0 Nigeria 2 – Annaba (AFCON S-F)10 Apr 1994: Zambia 1 Nigeria 2 – Tunis (AFCON Final)15 Dec 1997: Zambia 2 Nigeria 0 – Lusaka (Friendly)18 Dec 1997: Zambia 0 Nigeria 0 – Kitwe (Friendly)13 Jan 2001: Nigeria 1 Zambia 0 – Lagos (AFCON Qualifier)24 Mar 2001: Zambia 1 Nigeria 1 – Chingola (AFCON Qualifier)6 Jan 2010: Zambia 0 Nigeria 0 – Durban (Friendly)25 Jan 2010: Zambia 0 Nigeria 0 (4-5 penalties) – Lubango (AFCON)25 Jan 2013: Nigeria 1 Zambia 1 – Nelspruit (AFCON)9 Oct 2016: Zambia 1 Nigeria 2 – Ndola (World Cup Qualifier)Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram WORLD CUP QUALIFIER Promises more largesse if Zambia falls on Saturday in UyoOkon Bassey in UyoAkwa Ibom State Governor, Mr. Udom Emmanuel on Wednesday redeemed his pledge of $10,000 per goal for the matches against Cameroon to the Super Eagles, while calling on the three-time African champions to go all out for a win against Zambia on Saturday and expect ‘a handsome reward’ from him.last_img read more

Daniel Hudson, on his third team in three months, joins Dodgers’ bullpen

first_img“There was actually some mutual interest when I was a free agent after 2016 going into ’17 but the timing didn’t work out quite right,” he said. “When they called and kind of sat me down and explained some stuff to me and mapped out what they were thinking, it just kind of seemed like a no-brainer to me.”To make room for Hudson, the Dodgers optioned Walker Buehler to Class-A Rancho Cucamonga. It’s a procedural move that allows the Dodgers to keep Buehler in California until his turn in the rotation comes up Saturday in San Francisco.Because Saturday is a doubleheader – including the makeup game of an April 6 rainout – the Dodgers and Giants will be allowed to carry 26 players on their roster that day. The 26th player will not be subject to the usual restriction preventing teams from recalling a player less than 10 days after he was optioned to the minor leagues.HILL HEALINGRich Hill threw 58 pitches in a simulated game at Dodger Stadium, his first time throwing to live batters since going on the disabled list. The left-hander last pitched April 14, then was sidelined by a cut on the tip of his left middle finger.The cut has since healed, and Hill is slated to start Monday in Phoenix. If his simulated game was any indication, Hill should be ready by then.“Four innings, lot of strikes, good changeups, good curveballs, good fastballs and good feedbacks from swings,” he said.ROTATION PLANSWith Hill returning Monday, the Dodgers have their rotation in place for the next week.After Clayton Kershaw faces the Marlins in Wednesday’s series finale, Hyun-Jin Ryu will face the Giants in San Francisco on Friday.Buehler is expected to face the Giants in the early game of Saturday’s doubleheader, but Roberts is not ready to make that official. Alex Wood will pitch Saturday’s second game and Kenta Maeda will start Sunday.ALSOYimi Garcia, who remains on a rehab assignment at Triple-A Oklahoma City, might not be in the mix for a major league bullpen spot until May. “We just kind of are sensitive to having two years off and to check all the boxes, to then have him ready and finish the season without restrictions,” Roberts said. “Next month sometime is feasible.” … Garcia had Tommy John surgery in July 2016 and did not return to the mound until spring training. … Logan Forsythe (right shoulder inflammation) made enough progress in his rehab to begin making throws from third base.UP NEXTDodgers (LHP Clayton Kershaw, 1-3, 2.45 ERA) vs. Marlins (RHP Trevor Richards, 0-2, 6.16 ERA), Wednesday, 4:35 p.m., SportsNet LA (where available) “It was kind of crazy thinking you had a place in Pittsburgh, getting traded two weeks in,” he said. “The day before games started I got a call and had to drive down to Port Charlotte and get situated with a new organization, guys I never met before. It was just a little bit of an adjustment period. Right before camp broke, I was told I wasn’t going to make the team.“Like I said, I went from having a spot going into spring training, trying to work on things, to being told you might not make the squad. You go from there right into compete mode, and things kind of got out of whack a couple outings. It is what it is, but I’m excited to be here and looking forward to a new chapter.”The Dodgers saw a lot of Hudson from 2011-16 when he pitched for the Arizona Diamondbacks. His time in Phoenix was interrupted by two Tommy John surgeries. After the second procedure in 2013, Hudson successfully transitioned from the rotation to the bullpen.Roberts compared Hudson’s repertoire to that of Dodgers right-hander J.T. Chargois. His four-seam fastball still runs in the mid- to upper-90s and is complemented by a slider and a changeup.Hudson said the Dodgers courted him once before. LOS ANGELES — Daniel Hudson made 71 appearances out of the Pittsburgh Pirates’ bullpen last year. That wasn’t quite enough to lead the team, but it was enough to make a man feel wanted.The last couple months have been jarring.On Feb. 22, the Pirates traded Hudson to the Tampa Bay Rays as part of the Corey Dickerson trade. On March 28, Hudson was released. Five days later, he signed with the Dodgers. Until Tuesday, he’d worn the uniform of the Triple-A Oklahoma City club.Now the Dodgers have the luxury of carrying a nine-man bullpen and four starting pitchers. Hudson, a 31-year-old right-hander, became the team’s ninth reliever when he was added to the roster from Oklahoma City.center_img Newsroom GuidelinesNews TipsContact UsReport an Errorlast_img read more