climate change – Avance Economico http://avanceeconomico.com/ Sat, 19 Mar 2022 09:00:00 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://avanceeconomico.com/wp-content/uploads/2021/07/icon-7.png climate change – Avance Economico http://avanceeconomico.com/ 32 32 Economy, elections, energy big stakes for the candidates of the 6th district https://avanceeconomico.com/economy-elections-energy-big-stakes-for-the-candidates-of-the-6th-district/ Sat, 19 Mar 2022 09:00:00 +0000 https://avanceeconomico.com/economy-elections-energy-big-stakes-for-the-candidates-of-the-6th-district/ In May, Republican voters in the newly redrawn 6th congressional district will choose between an established incumbent aiming to continue the work he started and a challenger who feels he best represents the modern GOP. Greg Pence has served as the 6th District seat since he was first elected in 2018. Through his service to […]]]>

In May, Republican voters in the newly redrawn 6th congressional district will choose between an established incumbent aiming to continue the work he started and a challenger who feels he best represents the modern GOP.

Greg Pence has served as the 6th District seat since he was first elected in 2018. Through his service to important congressional subcommittees focused on energy and consumer protections, Pence wants to continue the progress he helped to do at this crucial moment in the country’s history.

His opponent, James Dean Alspach, says his views and values ​​align more closely with the modern Republican Party.

Indiana’s 6th Congressional District was recently redrawn following the 2020 census and will include the entirety of Johnson County in this election. Previously, Johnson County was part of the 9th District, currently represented by Trey Hollingsworth.

In addition to Johnson County, the 6th District includes much of eastern central Indiana, including Columbus, Rushville, New Castle, and parts of Indianapolis.

The winner of the Republican primary between Pence and Alspach will face the Democratic candidate – Cynthia Wirth or George Thomas Holland – in November.

“Duty of interests”

Alspach is making his first run for the 6th District, having run for the House of Representatives in the 2018 9th District Republican primary.

Alspach

An independent contractor from Morgantown, he felt compelled by his faith to run for office. He was fascinated by politics from an early age and made serving in Congress a goal from childhood, he said.

His views align closely with those of former President Donald Trump, and Alspach reportedly works to pursue a number of Trump-backed programs and initiatives.

The hope is to appeal to people who support the same agenda, he said.

“I’m just trying to play on the feelings of voters who have recently come into the voting market, just because of Trump,” he said.

Alspach’s main objective is to preserve the integrity of elections. He pointed to issues that arose in ballot legitimacy and discrepancies in recent elections, and would work to ensure the veracity of the system, he said.

“We need to have serious discussions about our voting system,” he said. “The potential for wrongdoing exists, and it has been a recurring problem.”

Alspach would also tackle the economic problems facing the 6th arrondissement. The areas included in the district have seen impressive economic development with additional potential, and he would like to see them grow, he said.

He pointed to the southeastern part of the 6th District, near Cincinnati, which must exploit the economic potential present in this region.

With a background in agriculture, Alspach would also work to support the farming community in the district.

Overall, his tenure would be dedicated to the underrepresented in the district, he said.

“In any democracy, you have a duty to the interests of the minority as well as to the majority. I think my background makes me uniquely capable of addressing issues important to women, workers, the disabled and minorities,” he said.

“Let’s Go Get Them”

Pence, a Columbus resident, is seeking his third term as district representative.

Although he served on the Transportation and Infrastructure Committees, as well as the Foreign Affairs Committee during his first term, he noted that his work on the House Energy and consumer protection had motivated him to seek re-election.

Under

In particular, his time on the Energy Sub-Committee illustrated the work that needs to be done to improve the country’s energy infrastructure. Pence, who has worked with a number of distribution-focused oil companies, says his contribution has been and can continue to be of particular value. In particular, he wants to ensure that the transition to electric vehicles is done correctly.

“One of the things I want to continue to bring to the table in the energy business is how you distribute energy, period,” he said. “There are a whole lot of things as we move towards a global solution to the problems of climate change and reducing our dependence on fossil fuels. We have to do it very carefully and practically.

Pence also highlighted the continued importance of fossil fuels such as coal and oil, and the work these industries are doing in the United States to become less harmful to the environment.

“We have the cleanest fossil fuel in the world. In many international agreements, many countries are not required to do anything,” he said.

Through his work in consumer protection, Pence wants to focus on the technology sector and the big business of personal data. The electronics, apps, social media, and other technologies that people use every day collect tons of data from users, and that data is sold without people’s knowledge.

“There are issues we need to address. A lot of people are talking about how they banned free speech there. My goal is to find out why I’m not getting paid for all this information that you collect and sell,” he said.

If elected, Pence will work to continue creating job opportunities in the 6th District, including Johnson County. He pointed to the economic growth the county has experienced over the past decade. He wants to continue to facilitate this expansion.

“What Indiana’s 6th District faces are opportunities, so let’s go get them,” he said.

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British Columbia’s Economic Plan: Building an Economy that Works for Everyone https://avanceeconomico.com/british-columbias-economic-plan-building-an-economy-that-works-for-everyone/ Thu, 17 Feb 2022 19:21:13 +0000 https://avanceeconomico.com/british-columbias-economic-plan-building-an-economy-that-works-for-everyone/ The province is launching a bold new long-term economic plan that moves British Columbia forward by tackling today’s challenges while building an economy that works for more people and families. StrongerBC: A Plan for Today, a Vision for Tomorrow is built on the strength of British Columbia – its people. The plan aims to fill […]]]>

The province is launching a bold new long-term economic plan that moves British Columbia forward by tackling today’s challenges while building an economy that works for more people and families.

StrongerBC: A Plan for Today, a Vision for Tomorrow is built on the strength of British Columbia – its people. The plan aims to fill one million jobs over the next 10 years by investing in skills training, building resilient communities and positioning British Columbia as a global leader in a low-carbon economy.

“Our government understands that people are the economy and that growing the economy cannot mean leaving people behind,” Premier John Horgan said. “Today, British Columbia is a national economic leader, and our StrongerBC plan provides a framework for creating a low-carbon economy that works for everyone. An economy built for all is an economy built to succeed.

As a first step in the plan, the province is investing $136.6 million to build a new state-of-the-art trades and technology complex at the Burnaby campus of the Columbia Institute of Technology -British (BCIT). The complex will be a hub for vocational training and will include four new buildings, benefiting more than 12,000 full-time and part-time students per year in more than 20 trades and technology programs.

“The pandemic has exposed deep vulnerabilities in our society, and we know we cannot turn back the clock,” said Ravi Kahlon, Minister for Jobs, Economic Recovery and Innovation. “This plan is your plan. It is built by British Columbians, for British Columbians and puts people first. By investing in people, we will meet the challenges of today while building the economy of tomorrow. And through this plan, we will close our skills gap, prove that we can grow the economy while fighting climate change, and create a more inclusive, sustainable and innovative province.

Anne Kang, Minister of Higher Education and Skills Training, said, “Investing in new skills training infrastructure at BCIT is a crucial part of equipping students for the jobs of the future while supporting a clean economy. and innovative. The new Trades and Technology Complex will help ensure that future students have access to the best tools, instruction and equipment needed to meet the demand for approximately 85,000 new trades jobs expected over the next 10 years.

In addition to building a new trades and technology complex at BCIT, key actions of the StrongerBC economic plan include training British Columbians to succeed in the jobs of tomorrow, accelerating the all BC communities to high-speed internet, creating opportunities for underrepresented entrepreneurs, expanding domestic manufacturing capabilities, establishing an ESG Center of Excellence to promote environmental, social and governance principles for products and services, and creating more resilient BC businesses by expanding access to global markets.

The plan is built on the belief that an economy can grow and prosper, while tackling two fundamental issues: inequality and climate change. The StrongerBC Economic Plan sets the province on this path by working toward inclusive and clean growth, as well as identifying six missions to achieve these goals:

  • supporting individuals and families;
  • building resilient communities;
  • advancing genuine, lasting and meaningful reconciliation with Indigenous peoples;
  • meeting BC’s climate commitments;
  • leader in environmental and social responsibility; and
  • foster innovation across the BC economy.

The StrongerBC Economic Plan is the result of extensive engagement sessions, including sessions led by the Minister of Jobs, Economic Recovery and Innovation with over 300 people from all parts of the province and all horizons, such as business leaders, labor groups, First Nations and Indigenous communities, municipalities, and universities and colleges.

Mariana Mazzucato and her team at University College London – Institute for Innovation and Public Purpose, based in the UK, advised the province on the development of the plan. Mazzucato is one of the world’s foremost economic thought leaders who has advised governments and policymakers to provide solutions to societal challenges.

The plan’s objectives will be monitored using a wide range of progressive indicators. In addition to traditional economic indicators like gross domestic product (GDP) and job numbers, the plan will also measure well-being indicators like affordable housing, post-secondary education and poverty reduction.

StrongerBC: A plan for today, a vision for tomorrow is an evolving plan based on the experiences of British Columbians and designed to be adapted and adjusted. People are encouraged to share their economic priorities and ideas online. Feedback from the survey will help inform future policies and guide the work of the plan.

To participate in the survey, go to: StrongerBC.gov.bc.ca/engage

Quote:

Andrew Mercier, Parliamentary Secretary for Vocational Training –

“With over 85,000 new jobs in the trades expected over the next decade, it is imperative that we invest in the educational opportunities and facilities that apprentices and students need to do their jobs. I am excited about the future presented in the StrongerBC Economic Plan and supported by Skilled Trades Certification. I know our skilled tradespeople are up for the challenge of helping to build a stronger British Columbia for all of us.

Shaquille Davis, BCIT Level 4 Carpenter Apprentice –

“BCIT is a place where students learn to maximize their potential while gaining practical work experience applicable to everyday life. After completing four years of carpentry apprenticeship at BCIT, I am confident that I can tackle any complexity in my field. With support from BCIT, the provincial government and industry partners, there will be more educational opportunities to help students, like me, become innovators for the trades industry.

Kathy Kinloch, President, BCIT –

“This significant investment will facilitate the ongoing transformation of BCIT’s Burnaby Campus and our ability to contribute to BC’s continued pandemic recovery by giving trades and technology learners the skills and credentials they need. for today and tomorrow. This transformation will also equip our incredible faculty and staff with the tools to stay in step with current and emerging industry trends. Our thanks to the province, our generous donors, and BCIT faculty and staff for your crucial support in this key initiative.

Fast facts:

  • In fall 2021, a series of targeted virtual engagement sessions were held with First Nations governments and Indigenous organizations, with engagement continuing through 2022.
  • In addition, more than 300 stakeholders and partners contributed to the development of this plan by participating in 33 virtual engagement sessions.
  • British Columbia leads Canada in economic recovery with more than 100,000 new jobs added in 2021.
  • According to the Labor Market Outlook, more than one million job creations are expected in British Columbia over the next 10 years, approximately 80% of which will require post-secondary education and training.
  • The BCIT Trades and Technology Complex is the first provincially-funded post-secondary capital project that requires proponents to prioritize hiring Indigenous peoples, women and other underrepresented people in the trades through the Community Benefits Agreement.

Learn more:

For more information on StrongerBC: A Plan for Today, a Vision for Tomorrow, visit: https://strongerbc.ca/plan

To download the StrongerBC Economic Plan, visit: https://news.gov.bc.ca/files/StrongerBC_Economic_Plan_2022.pdf

To view a list of economic indicators for StrongerBC: A Plan for Today, a Vision for Tomorrow, visit: https://news.gov.bc.ca/files/Economic_Plan_Tracking_our_Progress_2022.pdf

To learn more about BCIT’s new Trades and Technology Complex, visit: https://commons.bcit.ca/news/2022/02/bcit-trades-technology-students-get-new-training-facilities/

Two background documents follow.

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House to vote on bill to boost US computer chip production | Washington, D.C. News https://avanceeconomico.com/house-to-vote-on-bill-to-boost-us-computer-chip-production-washington-d-c-news/ Fri, 04 Feb 2022 05:08:00 +0000 https://avanceeconomico.com/house-to-vote-on-bill-to-boost-us-computer-chip-production-washington-d-c-news/ By KEVIN FREKING, Associated Press WASHINGTON (AP) — House Democrats are set to approve legislation on Friday that they say positions the United States to better compete with China economically and on the world stage by bolstering the domestic semi- drivers, strengthening tight supply chains and strengthening international alliances. Criticizing China has become a bipartisan […]]]>

By KEVIN FREKING, Associated Press

WASHINGTON (AP) — House Democrats are set to approve legislation on Friday that they say positions the United States to better compete with China economically and on the world stage by bolstering the domestic semi- drivers, strengthening tight supply chains and strengthening international alliances.

Criticizing China has become a bipartisan playbook in Washington, but Republicans call the measure “toothless” and what is needed to hold the country accountable for a range of economic and human rights actions. .

The nearly 3,000-page bill includes massive investments to boost semiconductor manufacturing in the United States. Big-ticket items include about $52 billion in grants and subsidies to help the semiconductor industry and $45 billion to strengthen supply chains for high-tech products.

But Democrats have also incorporated other priorities that have raised concerns within the GOP about the cost and scope of the bill.

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It includes $8 billion for a fund that helps developing countries adapt to climate change; $3 billion for facilities to make the United States less dependent on Chinese solar components; $4 billion to help communities with unemployment rates significantly higher than the national average; and $10.5 billion for states to stockpile drugs and medical equipment.

It’s just part of the package, which House Speaker Nancy Pelosi, D-California, said was necessary to ensure that “America can outperform any nation, today and for the decades to come”.

The bill gives Democrats a chance to address voter concerns about the economy at a time when a shortage of computer chips has driven up prices for automobiles, electronics and medical devices. Republicans, who for months have hammered Democrats against rising inflation, say the bill has nothing to do with winning economic competition with China and wastes taxpayers’ money on environmental initiatives and other unnecessary programs.

“This bill is really just a long list of dreamy progressive policies that have nothing to do with China,” Rep. Michelle Fischbach, R-Minn, said.

Commerce Secretary Gina Raimondo met with House Democratic lawmakers on Wednesday to discuss the bill. She said American manufacturing had been in decline for more than three decades, leading to a loss of jobs and know-how.

“During this slow atrophy, we have become incredibly dependent on countries around the world,” Raimondo said. “And, therefore, what this bill is saying is to stop the decline.”

One of the biggest flashpoints is the $8 billion set aside in the legislation to help developing countries reduce emissions and deal with climate change. President Barack Obama pledged $3 billion for the fund, but former President Donald Trump withheld $2 billion.

Rep. Michael McCaul, the top Republican on the House Foreign Affairs Committee, called it an “irresponsible UN slush fund” that has already provided at least $100 million to China.

Meanwhile, America’s share of the world’s semiconductor manufacturing has steadily eroded, from 37% in 1990 to around 12% today. The Biden administration and lawmakers are trying to reverse that trend, which industry officials say is driven by foreign competitors receiving large government subsidies.

The pandemic has put a strain on the chip supply chain. The Commerce Department released a report last week that found median inventory for certain semiconductor products fell from 40 days in 2019 to less than five days in 2021. The report also said stakeholders are not seeing not the problem will go away in the next six months. . The administration cited the findings as calling on Congress to act.

Tensions with China are reflected in much of the legislation. In a nod to concerns about the origins of COVID-19, the bill directs the president to submit a report to Congress on the most likely origin of the virus, the level of confidence in that assessment, and the challenges of making such an assessment.

Republicans dismissed the provision as “no independent investigation, no penalties, no punishment.” They want a select committee of lawmakers to look into the origins of COVID-19. “Instead of taking action to get real accountability, he’s going to ask them for a report,” Republican Leader Kevin McCarthy of California said.

Another provision would subject more lower-cost products made in China to tariffs. Currently, imports valued at less than $800 are exempt from expedited processing and tariffs. The bill eliminates the threshold for certain countries, including China.

“The investments this bill makes in America — semiconductor manufacturing, supply chains, learning — allow America to compete effectively with China,” Raimondo said. “If you’re serious about competing with China, you should vote yes on this.”

The Senate passed its computer chip legislation in June by a vote of 68 to 32, representing a rare episode of bipartisanship on major legislation. If the House bill passes, negotiators will try to find a compromise that both houses could agree to, although it is not clear they could do so before the midterm elections. It would rob the Biden White House of the opportunity to show progress on an important economic issue.

Raimondo called for swift negotiations with the Senate once the House bill passes. Anything that emerges will need the support of 10 50-50 Senate Republicans to pass. She said she was convinced that a compromise could be found.

“There are no irreconcilable differences, I can say that,” Raimondo said.

“We will send House Republicans a much better option to vote in the next two months,” said Sen. Todd Young, R-Ind., who worked with Senate Majority Leader Chuck Schumer on the version of the Senate Legislation.

Copyright 2022 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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Representatives Sherrill and Pascrell Host a Press Conference on U.S. Army Corps of Engineers Funding for the Peckman River Basin Project https://avanceeconomico.com/representatives-sherrill-and-pascrell-host-a-press-conference-on-u-s-army-corps-of-engineers-funding-for-the-peckman-river-basin-project/ Tue, 01 Feb 2022 00:42:00 +0000 https://avanceeconomico.com/representatives-sherrill-and-pascrell-host-a-press-conference-on-u-s-army-corps-of-engineers-funding-for-the-peckman-river-basin-project/ Little Falls, New Jersey–– Representatives Mikie Sherrill (NJ-11) and Bill Pascrell (NJ-09) held a press conference today with Little Falls Mayor James Damiano, Woodland Park Mayor Keith Kazmark, NJDEP Commissioner, Shawn LaTourette, and Colonel Matthew W. Luzzatto of the US Army Corps. of Engineers (ACOE) to highlight the recent announcement that the Peckman River Basin […]]]>

Little Falls, New Jersey–– Representatives Mikie Sherrill (NJ-11) and Bill Pascrell (NJ-09) held a press conference today with Little Falls Mayor James Damiano, Woodland Park Mayor Keith Kazmark, NJDEP Commissioner, Shawn LaTourette, and Colonel Matthew W. Luzzatto of the US Army Corps. of Engineers (ACOE) to highlight the recent announcement that the Peckman River Basin Project, which will help address and mitigate flooding in the area, will be funded by the federal government.

“Turn Jackson Street in Little Falls after the remnants of Hurricane Ida swept through North Jersey and the Peckman River flooded was completely devastating. The lives and homes of these families are constantly upended and many are are still recovering from Ida today. Unfortunately for NJ-11, the fallout from the major floods was nothing new for us,” said Representative Sherrill. “But today, we are taking a step forward for the quality of life and the well-being of our community. I worked with the Army Corps of Engineers to ensure the finalization of the Chief’s Report for this project and full authorization for Congressional spending, to remove administrative hurdles and begin moving forward. I am grateful for their partnership in this effort. Thanks to this work, when the Ida Disaster supplement was adopted, this project was at the ideal stage to be funded. I want to thank Rep. Pascrell, Mayors Kazmark and Damiano, and NJDEP for their support and efforts that made this possible. It’s not just a climate issue. This is a health, safety and economic issue and today critical Federal resources are arriving in North Jersey to address this historic issue.

“New Jerseyans are no strangers to natural disasters. From Super Hurricane Sandy to Hurricane Ida, we know the tragedy of flooding in our communities and the resulting financial devastation. Today I am extremely proud to announce with MP Sherrill $146 million for flood prevention and $6 million for disaster relief investigations in North Jersey. This is a big problem for our state,” Rep. Pascrell said. “These funds for the Peckman River Flood Prevention Project come directly from President Biden’s infrastructure bill and the additional hurricane disaster our Democratic Congress passed last year. I first involved the Corps in Peckman years ago so that we could implement the best possible flood prevention methods. Today, thanks to President Biden and our Democratic Congress, we finally have the funds to carry out this life-saving project. Let’s do this thing.

“Federal funding for the Peckman River Flood Mitigation Project is remarkable! This is a long-term, permanent solution that will give so many Little Falls residents the relief they deserve,” said James Damiano, Mayor of the Township of Little Falls. “Residents of the Jackson Park section of the city will no longer need to live in fear that their homes, property or lives will be in danger from the Peckman River. Since I was elected five years ago, so many longtime residents of Little Falls have told me that this project will never happen after seeing nearly 25 years of study. Now that project is a reality, and I can’t thank Congresswoman Sherrill and her staff enough for their tireless work with us to make it a reality.

“I think many in our communities weren’t sure that day would ever come. That the funding for this life or death project would actually be allocated to pay for this project. Well the day has come and we thank Rep. Sherrill, Rep. Pascrell, Sens. Menendez and Booker and the Army Corps. of Engineers for their efforts in completing the Peckman River Flood Mitigation Project. Our residents who are affected by the flooding appreciate that something is finally being done,” said Keith Kazmark, mayor of the borough of Woodland Park.

“The District of New York looks forward to continuing its work on the Peckman River Study, which includes leveraging data from previous studies and working with our stakeholders at the federal, state and local levels to complete this project”, said Col. Matthew W. Luzzatto, New York District Commander. “Additional funding will allow us to begin preliminary engineering design and continue coordination with our partners at Little Falls, Woodland Park and NJDEP as we work together to develop and implement tangible flood risk reduction measures for residents of these communities.

“Just months after the remnants of Hurricane Ida swept through New Jersey, causing extensive damage to homes and businesses along the Peckman River, I am proud to announce this federal funding that will help jump-start a project critically aimed at mitigating flood risk and providing long-overdue relief to nearby residents,” said Senator Cory Booker. “This project is the result of close collaboration between federal, state and local authorities, and I am especially grateful for the partnership that has been put in place to make today’s announcement a reality.”

“I am proud to have worked with my colleagues on both sides of the aisle to secure this funding, which will ensure our state has the resources necessary to complete the Peckman River Basin Project and other critical projects in New Jersey. As we experience the effects of climate change with greater storms and flooding, we must invest in mitigation projects to protect our communities and families,” said Senator Bob Menendez.

“To best protect New Jersey communities from worsening extreme weather and flooding, we need a diverse portfolio of strategies that include big infrastructure investments like the Peckman River project, local management more intentional stormwater and regional watershed restoration that creates additional flood storage,” said New Jersey Environmental Protection Commissioner Shawn M. LaTourette.“Governor Murphy and I are grateful to our partners at the U.S. Army Corps of Engineers for moving this vital project forward and for the continued advocacy of Representatives Mikie Sherrill and Bill Pascrell who have ensured that Washington DC meets the needs of our communities. DEP will work hard alongside the Corps and Mayors Kazmark and Damiano to expedite the completion of these much-needed projects.”

After personally touring the devastation of Woodland Park and Little Falls in the aftermath of Ida and speaking with those whose lives were turned upside down by that storm, Rep. Sherrill appealed to the Biden administration for full federal funding for the project. of the Peckman River basin. Additionally, at the request of Representative Sherrill, construction of the Peckman River Basin Project was authorized in the Water Resources Development Act 2020. Learn more about the project here.

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New York City Economic Development Corporation (NYCEDC) From East Harlem to Hollis https://avanceeconomico.com/new-york-city-economic-development-corporation-nycedc-from-east-harlem-to-hollis/ Mon, 31 Jan 2022 17:10:26 +0000 https://avanceeconomico.com/new-york-city-economic-development-corporation-nycedc-from-east-harlem-to-hollis/ Good year! On January 1, 2022, Eric Adams took office as the 110th Mayor of New York City. NYCEDC looks forward to his leadership as we invest in our communities, expand our programs, and improve our long-term infrastructure. With the start of a new year, we continue to fight for a fair economic recovery. Become […]]]>

Good year! On January 1, 2022, Eric Adams took office as the 110th Mayor of New York City.

NYCEDC looks forward to his leadership as we invest in our communities, expand our programs, and improve our long-term infrastructure.

With the start of a new year, we continue to fight for a fair economic recovery.


Become a Harlem Insider – Register for our weekly newsletter!


The NYCEDC brings affordable housing in Midtown Manhattan and the expansion of the ferry system to five boroughs with a new landing stage at Ferry Point Park in the Throgs Neck neighborhood of the Bronx.

Additionally, the NYCEDC celebrating the opening of a new event space, La Placitain East Harlem in La Marqueta and historic Maritime Building Battery in Lower Manhattan.

To preserve the growth and development of New York City, NYCEDC thinks critically about how to resist the threats brought about by climate change and reduce our dependence on greenhouse gases.



In partnership with the Department of Transportation and the Mayor’s Office, NYCEDC has released Delivering Green: A Vision for a Sustainable Freight Network Serving New York City to reimagine how to provide New Yorkers with the goods they need while keeping pollution and traffic congestion away from their homes.

NYCEDC has also partnered with the Mayor’s Office for Climate Resilience and released the Financial District and Seaport Climate Resilience Master Plan.

This plan offers a blueprint for comprehensive flood defense infrastructure by reimagining the Lower Manhattan coastline with a resilient waterfront to withstand the threats brought on by climate change.

As NYCEDC continues to face unprecedented challenges, we look forward to 2022 and the work ahead.

Related: Study Shows Harlem Suffers Again During Bomb Cyclone

Thank you for your continued partnership – I wish you a happy and healthy start to the year!

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Climate, COVID, China: Takeaways from the Davos Online Event | Economic news https://avanceeconomico.com/climate-covid-china-takeaways-from-the-davos-online-event-economic-news/ Fri, 21 Jan 2022 16:32:00 +0000 https://avanceeconomico.com/climate-covid-china-takeaways-from-the-davos-online-event-economic-news/ GENEVA (AP) — Government and business leaders have called for cooperation on the biggest global issues — climate change, the coronavirus pandemic and economic recovery — at the World Economic Forum’s virtual gathering. Speeches and discussions from the likes of Chinese President Xi Jinping and UN Secretary-General Antonio Guterres went online this week after concerns […]]]>

GENEVA (AP) — Government and business leaders have called for cooperation on the biggest global issues — climate change, the coronavirus pandemic and economic recovery — at the World Economic Forum’s virtual gathering.

Speeches and discussions from the likes of Chinese President Xi Jinping and UN Secretary-General Antonio Guterres went online this week after concerns over COVID-19 delayed the forum’s annual meeting in Davos, Swiss. Critics regularly fault the Davos event for hosting elites touting lofty but often empty goals deemed disconnected from ordinary people.

As usual, great ideas were debated, but no concrete agreement emerged. The forum announced on Friday that it plans to hold its in-person rally from May 22-26 after a two-year delay.

Here are some takeaways from the online event:

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German Chancellor Olaf Scholz has pledged to use his country’s Group of Seven presidency to get industrialized countries to lead a “paradigm shift in international climate policy”.

The new head of Europe’s biggest economy said on Wednesday the “climate club” would agree on “common minimum standards”. Its goals are already part of the Paris climate accord, including limiting global warming to 1.5 degrees Celsius (2.7 Fahrenheit) above industrial levels.

Scholz said the club could seek to achieve these goals “by pricing carbon and preventing carbon leakage” – designed to prevent companies from moving carbon-intensive industries to countries with carbon rules. emissions are more flexible.

Others called for help for developing countries. Guterres called for debt relief to wean them off coal, and Latin American leaders said funding for green programs was essential.

As Africa is “most affected” by climate change despite the continent contributing “least to it”, Nigerian Vice President Yemi Osinbajo on Friday called on developed countries to remain committed to their pledge to provide $100 billion. dollars a year to support climate efforts in developing countries. .

Meanwhile, a panel with US climate envoy John Kerry and billionaire Bill Gates touted innovations not yet invented or widely used would help cut emissions. This idea is popular in some circles but also divisive because technologies like carbon capture are expensive and energy-intensive.

Global efforts to tackle inequalities in the health crisis were a guideline.

The World Health Organization’s emergencies chief said quickly addressing the huge inequities in vaccinations and medicines could mean the worst of the pandemic – deaths, hospitalizations and lockdowns – is over soon.

Dr Michael Ryan said the virus may never be over, but “we have a chance of ending the public health emergency this year if we do the things we’ve been talking about”.

The WHO has called the COVID-19 vaccination imbalance between rich and poor countries a catastrophic moral failure. Just over 10% of the African population is fully immunized.

Limited resources would mean full rollout of vaccines “could take several years”, Nigeria’s vice president said on Friday, and support is needed for donations and local production of doses.

The Chinese president on Monday announced plans to send an additional 1 billion doses of the COVID-19 vaccine to other countries, including a donation of 600 million doses to Africa.

In another panel, Moderna CEO Stephane Bancel said the vaccine maker was working on a single-shot booster for COVID-19 and influenza, saying it could be ready in some countries next year. .

The main economic issues were rising consumer prices and likely interest rate hikes by the US Federal Reserve this year, which would have repercussions around the world due to the role played by the US dollar.

Many of the world’s poorest countries face debt problems as their economic recovery lags that of the developed world, International Monetary Fund Managing Director Kristalina Georgieva warned Friday at a roundtable. The Fed’s actions could strengthen the dollar, increasing local currency debt.

European Central Bank President Christine Lagarde said the 19 countries using the euro were at a different stage of recovery than the United States and suggested that temporary factors such as high costs of energy could fuel inflation in Europe.

She said the bank was “trying to figure out how long this would last” and would act to counter high inflation, including through interest rate hikes, once certain “criteria were met”.

The bank plans to end its efforts to stimulate the pandemic-hit economy in March. Compared to the United States, Europe lacks “excess demand” following major lockdowns that would drive up prices in the longer term, she said.

While urging the world to share vaccines, fight climate change and promote development, Xi also delivered a veiled swipe at the United States in a recorded speech.

“We must abandon the Cold War mentality and pursue peaceful coexistence and win-win outcomes,” Xi said through a translator. “Protectionism and unilateralism cannot protect anyone. … Worse still are the practices of hegemony and intimidation, which run counter to the course of history.”

These are terms Beijing has used to describe US policy and actions amid tensions over Taiwan, human rights and other issues. Xi touched on standard themes, including responding to complaints from trading partners by promising to open up China’s state-dominated economy more widely to private and foreign competition.

He also said China “stands ready to work with” other countries on climate change, but did not announce any new initiatives or offer any resources. He said it was up to the developed countries to provide the money and the technology.

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The new post-Covid normal “to bring more prosperity to Hong Kong”: Carrie Lam https://avanceeconomico.com/the-new-post-covid-normal-to-bring-more-prosperity-to-hong-kong-carrie-lam/ Tue, 11 Jan 2022 17:22:28 +0000 https://avanceeconomico.com/the-new-post-covid-normal-to-bring-more-prosperity-to-hong-kong-carrie-lam/ January 11, 2022 HONG KONG – Two years after the start of the COVID-19 pandemic, building the next normal with digitization and a green economy is within reach, but closer global collaboration is vital for a sustainable future, policymakers said on Monday policies at the Asian Financial Forum. Under the theme “Navigating to the Next […]]]>