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EU prepared to speak wave of IP rights after US backs transfer

Ursula von der Leyen, European Commission president.

Bloomberg | Bloomberg | Getty Images

LONDON – The European Union has said it is ready to discuss surrendering intellectual property rights for Covid-19 vaccines after the US announced it would support the initiative.

The proposed patent waiver, which aims to boost global production of Covid-19 vaccines, has proven controversial for European lawmakers, with some supporting the move while others strongly oppose it. Proponents of the idea say it is crucial to increase vaccination rates in low-income countries. So far, the European Commission, the EU executive, has expressed doubts about the renunciation of intellectual property rights.

On Thursday, the President of the European Commission, Ursula von der Leyen, said her team was open to “discuss any proposals that would address the crisis in an effective and pragmatic way”.

“Therefore, we are ready to discuss how the US proposal to remove intellectual property protection for Covid-19 vaccines could help achieve this goal,” she said during a speech.

It comes after the White House announced on Wednesday that it was in favor of the abolition of intellectual property rights, citing the “exceptional circumstances of the Covid-19 pandemic”.

The move caused stocks of large pharmaceutical companies that developed Covid-19 shots to decline.

However, the announcement received praise from the World Health Organization. WHO Director General Tedros Adhanom Ghebreyesus said the US decision was a “monumental moment in the fight against Covid-19”.

The GAVI Vaccine Alliance also welcomed President Joe Biden’s stance, recognizing “the importance of the government’s commitment to increasing raw material production.”

Milestone proposal

The landmark proposal to renounce intellectual property rights was jointly presented to the World Trade Organization by India and South Africa in October. However, a handful of countries have blocked the proposal. This includes the UK, Switzerland, Japan, Norway, Canada, Australia, Brazil, the EU and – so far – the US.

“In the short term, however, we are calling on all vaccine-producing countries to allow exports and to avoid measures that disrupt the supply chain,” said von der Leyen on Thursday.

The EU has hailed itself as a top exporter of Covid-19 vaccines and has criticized countries like the UK for failing to take similar measures.

A medical worker prepares a syringe of AstraZeneca vaccine in a local sports hall that has been converted into a vaccination center in Ventspils, Latvia.

GINTS IVUSKANS | AFP | Getty Images

“While others keep their vaccine production to themselves, Europe is the world’s largest exporter of vaccines. To date, more than 200 million vaccine doses made in Europe have been shipped to the rest of the world,” said von der Leyen.

The EU, a group of 27 nations, got off to a slow start with vaccine adoption. Vaccinations have steadily increased, however, and the block expects 70% of adults to be vaccinated by July.

“The US has a similar goal. This shows how well our vaccination campaigns have aligned,” added von der Leyen.

The latest data shows Israel, the UK, the US and Chile lead the way in the number of Covid-19 shots given to date. However, the figures also show that vaccination rates in the EU are well above the world average, which was not the case a few weeks ago.

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World News

S&P 500 provides up acquire and declines in sudden transfer on Biden capital positive factors tax report

US stocks quickly fell to session lows Thursday after reports that President Joe Biden is expected to propose much higher capital gains taxes for the rich.

The S&P 500 erased previous gains and fell 0.9%. The Dow Jones Industrial Average fell 330 points to its daily low, while the Nasdaq Composite was down 0.8%.

Bloomberg News reported Thursday afternoon that Biden is planning a capital gains tax hike of up to 43.4% for wealthy Americans. The proposal would increase the capital gains rate for those earning $ 1 million or more from the current 20% to 39.6%, Bloomberg News said, citing people familiar with the matter.

“Biden’s proposal effectively doubles the capital income tax rate for $ 1 million income recipients,” said Jack Ablin, founding partner and CIO of Cresset Capital Management. “That’s a significant cost increase for long-term investors. Expect a sale this year if investors think the proposal may become law next year.”

Growth stocks, which could come under selling pressure due to higher capital gains taxes, saw Tesla and Amazon decline on Thursday. The iShares S&P 500 Growth ETF fell 0.5%, more than its counterpart in value.

“The markets are heavily focused on a small number of growth names,” said Mark Yusko, CEO and CIO of Morgan Creek Capital Management. “These stocks have made the bulk of the gains over the past few years and many investors have made significant gains at current prices. Fears of a higher capital gain rate could motivate these names to sell and trigger a market correction. So some investors will attempt this one.” To use potential. ” Movement by selling or hedging by short selling. “

Before the news hit, key averages traded a little higher as investors scoured corporate earnings and economic data.

Southwest Airlines’ shares rose 1.7% after the airline announced that vacation bookings would continue to rise and “breakeven” by June. Southwest also posted a less than expected loss in the first quarter.

Dow Inc. fell more than 4% even after the chemical company beat earnings and sales estimates for the first quarter. The stock is still up more than 10% through 2021.

Investors also digested a better than expected weekly jobless claims reading. The Department of Labor said Thursday that initial unemployment insurance claims totaled 547,000, down from the Dow Jones estimate of 603,000.

So far, companies have largely exceeded Wall Street’s expectations this earnings season, but strong first quarter results are not allowing the market to climb higher after record highs rose near multi-year highs.

“The string of strong positive EPS surprises is likely to continue, but the increased valuations are now ubiquitous. Sentiment is overly optimistic. A possible corporate tax change is an overhang,” said Maneesh Deshpande, head of equity derivatives strategy at Barclays in one Note.

Even so, the company raised its year-end S&P 500 target to 4,400, which would translate into a 6% profit from here. Barclays warned that an uptrend beyond target is unlikely.

On Thursday, the Republican Party tabled its counter offer to Biden’s $ 2 trillion infrastructure plan. The senators proposed a $ 568 billion framework that includes funding for bridges, airports, roads and reservoirs. Tax increases are not included.

American Airlines erased previous earnings and went negative even after the company announced that cash flow was positive at the end of the quarter with no debt payments.

Shares rose on Wednesday to see a two-day decline as companies tied to the reopening of the economy led the way up. The Dow and S&P 500 are less than 1% off regaining their record highs last Friday amid ongoing optimism about the pace of the economic recovery.

– CNBC’s Maggie Fitzgerald contributed to the coverage.

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Business

A New ‘Denim Cycle’? After a Decade, Denims Transfer From Skinny to Free

The trend isn’t just limited to Levi’s, which claims to invent blue jeans in 1873. Madewell, the popular J. Crew Group retail chain, has also shown a craze for loose-fitting jeans and balloon bottoms among skinny jeans acolytes, which is seen as a turning point for fit.

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Updated

April 16, 2021, 1:30 p.m. ET

“The people who held onto Skinnies for a really long time said, ‘Oh, OK, I’ll crawl over to the other side and do something,” said Anne Crisafulli, Madewell’s senior vice president of merchandising.

Madewell, known for its jeans, has created styles that make it easier for customers to transition to the loose fit to provide “training wheels for people with thin skin,” said Ms. Crisafulli. Customers seem to want a “looser and more comfortable” denim going forward, she added.

Mr Bergh noted that weight gain caused by pandemics could spark interest in the jeans as some people try to update their closets.

San Francisco-based Levi’s sales fell 23 percent to $ 4.45 billion in 2020. Many retailers saw sales decline as stores temporarily closed and customer habits changed. Sales also fell in the first quarter, which ends in February, but Mr. Bergh noted that it did so in a “big way” even before vaccines were launched in the US. He said he was optimistic about a denim resurgence.

“When people think about going out again, they think about how it looks now and they go to our website, they go to other websites, look at fashion magazines and see that looser, dredging fits are the new trend” Said Mr. Bergh. “The fact that people are liberated and can finally go out for dinner with their family, girlfriend or boyfriend – it gives them the opportunity to upgrade their wardrobe, update the look and pamper themselves a little, and I think that’s what we see. “

And even if looser denim is the 2020s look, it doesn’t mean the skinny jeans are disappearing.

“I don’t think skinny jeans will ever go away completely,” said Bergh. “People mix it up, and women in particular have multiple options.”

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Business

The auto business ‘has to maneuver’ on electrification, sustainability

Sustainability has found its way onto the dashboard of many company executives, and the money will follow – especially in the electric vehicle space, when investment trends and R&D commitments play a role.

“ESG (environmental, social and corporate governance) has become a priority for our industry, not only because of the long-term impact of emissions, but also because … the quality of the governance problem,” said Makoto Uchida, CEO of Nissan , across from CNBC’s “Street Signs” Europe Tuesday.

“And the ESG has a significant impact on how we as an automaker do our business. Of course, over the past few decades the industry has come under significant pressure from government and society to be more sustainable, but with a more conscious consumer,” said Uchida said, has “more emphasis on areas like electrification, autonomy and connectivity which I think the industry needs to evolve.”

Nissan recently announced it would be carbon neutral by 2050 and plans to electrify 100% of its new vehicles by the early 2030s. The all-electric Nissan Leaf sold 500,000 units in 2020, a car the company has been producing since 2010.

Investing in electric vehicles and electric vehicle components appears to be on a runway. California-based investment firm Wedbush predicts EV shares could rise up to 50% this year, emphasizing that there is more than just Tesla room in the market. In 2020, market research firm Fortune Business Insights valued the EV industry at around $ 250 billion.

EV components and materials will also grow in importance. Goldman Sachs highlighted six electric vehicle battery specialists with significant upside in a February release.

“There is a business imperative”

For Mario Greco, CEO of Zurich Insurance and founding member of CNBC’s ESG Council, there really is no other option but to pursue ESG solutions in the face of climate change.

“There’s a deal,” Greco told CNBC. “The most important thing is to work on prevention. Insuring the climate risk again is expensive and will become more expensive.”

Zurich Insurance has set new climate targets for its investments and activities to become a net zero carbon business by 2050.

“We have to change the industrial sector and our societies,” said the CEO. “And insurance can support this change – what insurance cannot do is just pay for the damage caused by climate change. But the change in industrial sectors and the change in the way we live today, we will live and we will do it.” be happy to keep moving forward. “

Insuring against climate risks will be a major challenge as weather events become more extreme. In this context, it is necessary “to work on prevention and to convert these risks into different business models,” said Greco.

But none of this means fossil fuels are going away anytime soon. In fact, the demand for fossil fuels will increase significantly in the coming years as the urban population continues to boom.

To counter this, Greco said, “I think we need to embed the cost of carbon in the pricing mechanism – today, pricing has no bearing on the final price of any good we buy. We need to embed this entirely in the cost of the goods and merchandise.” this will accelerate and facilitate the transformation of the oil industry. “

– CNBC’s Sam Shead contributed to this report.

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Business

A Push to Transfer the Golf Course Atop a Native American ‘Stonehenge’

NEWARK, Ohio – The third hole here at Moundbuilders Country Club is a tricky par four: the green is protected by a six foot hill that almost completely surrounds the hole and requires a skillful chip shot to clarify if your approach shot goes wrong .

“It’s a blind shot,” said Randol Mitchell, the club’s chief golfer, after driving his ball a good portion of the length of the hole. “You have to watch out for these hills.”

The course’s topography is based on the hills prescribed by Native American cosmology, which they created about 2,000 years ago to measure the movement of the sun and moon through the sky.

But now the club, which has leased the land for more than a century, is being asked to move so that the hills can be considered an archaeological treasure that they say it will be difficult for them to do if not representatives of the State increase the stake in the cost of building a new golf course.

The amount of $ 1.7 million proposed by state officials under significant conditions emerges from an initial offer of $ 800,000. But the club wants $ 12 million. The dispute goes to the Ohio Supreme Court on Tuesday.

The historical significance of the site is clear. The US Department of the Interior has already selected the country for nomination as a UNESCO World Heritage Site. This is part of a larger offering to recognize some similar sites in Ohio known as the Hopewell Ceremonial Earthworks.

Many of the golfers say they appreciate this meaning as well, even after nicknamed an eight-foot-high hill, the “Big Chief”. The club has a scrapbook that records the history of the earthworks known as Octagon Earthworks up until they were made. The clubhouse has a painting and photographs of the hills. Golfers are only allowed to drive carts over them on paved paths.

However, if you come across a ball perched on top of the ancient earthworks, there is no prohibition on hitting it with a 3 iron.

“Water, forest and sand pose natural challenges on many golf courses,” said David Kratoville, president of the club’s board of trustees. “It’s the hills here.”

There were once hundreds of significant earthworks built by people of the Hopewell culture. This refers to the Native American mound assemblies dating from about 100 BC. Lived in North America until 500 AD. However, their value has only been recognized in recent years, and many have been destroyed.

The hills on the golf course were created with sharp sticks and folding hooks for a basket of earth each and are part of the wider Newark Earthworks. They are widely regarded as an astronomical and geometric marvel.

If you stand on the hill of the observatory of the square every 18.6 years and look up the line of parallel hills towards the octagonal area, something spectacular happens. When the rising moon reaches its northernmost position, it will hover within half a degree of the exact center of the octagon. The alignments are no less sophisticated than the arranged stones in Stonehenge, experts say.

Members of the Hopewell culture likely intended the earthworks, which can only be fully appreciated from above, to show their moon and sun gods that they understood their movements, said Ray Hively, professor emeritus of astronomy and physics at Earlham College in Richmond “Indiana The effort may have been an attempt to connect or communicate with the forces that appeared to control the larger universe,” said Hively, who discovered these alignments with a philosophy professor, Robert Horn, in the 1980s.

In 1892, Licking County and the city of Newark, about 40 miles east of Columbus, allowed the state to use the land as a camp for the Ohio National Guard. After the camp closed it was reclaimed and leased to the club in 1910. A well-known golf architect, Thomas Bendelow, who designed America’s first public 18-hole golf course, Van Cortlandt Park in the Bronx, laid out a course to match. By 1911, the old moon markings had turned into faulty shooting targets.

“The old moundbuilders unwittingly left the backdrop for a golf course as strange and athletic as never before,” proclaimed an article about the course in the January 1930 issue of Golf Illustrated.

The course itself, with a slope rating of 119, is moderately difficult, although no one would ever mistake it for Jack Nicklaus’ Muirfield Village Golf Club (slope 130) which is 40 miles to the west. Mitchell said the hills are a bigger obstacle than they appear at first glance.

“It’s hard to shoot what you normally shoot here,” he said. “Even if it shouldn’t be that difficult on paper.”

Efforts to fully recognize the importance of the hills as more than uncommon golf hazards go back about two decades when an offer to build a new clubhouse with the foundations dug into the hills was turned down. At that point, a group led by local professors and Native Americans was organizing a protest campaign – and some local residents wondered if the course should even exist.

Then as now, the unwillingness of the club to give way to the worldwide recognition of the website has been criticized.

“We don’t want a country club on the Acropolis,” said John N. Low, a citizen of the Potawatomi Pokagon Band and director of the Newark Earthworks Center, in a recent interview. “We don’t want a country club in the Octagon.”

Club members have long argued that the criticism is unfair, that the delay is caused by an unwillingness to respect, that the club also has some history, and that, in response to the amounts offered to give up its lease, could not continue to exist.

“Everyone would love to portray us as high-fat cats,” Ralph Burpee, the club’s former general manager, told the New York Times in 2005. “Well, this is Newark, Ohio, which pretty much rules out high-fat cats.”

Kratoville described the current approximately 300 members of the club as a “blue collar country club”.

“Our members are people like plumbers,” he said, “and they come out for a day and clean up sand traps and plant flowers.”

The property is now owned by the Ohio History Connection, a statewide nonprofit that has signed a contract with the state to monitor more than 50 historic sites. The nonprofit has leased the property to the club since it was acquired in 1933 and hosts four open days at the club each year that included tours of the hills before the pandemic. The property is also open to the public for golf on Mondays or in bad weather. For the rest of the year, visitors have to view the hills from an elevated platform near the parking lot.

The History Connection aims to turn the site into a public park and submit it for recognition as a World Heritage Site, as a site of “Outstanding Value for Humanity,” along with others such as the Taj Mahal and the Grand Canyon.

“We are committed on behalf of Ohio taxpayers to responsibly protecting and interpreting the historic value of the site,” said Burt Logan, executive director and chief executive of History Connection. “And we hope that we will finally be able to do that soon.”

However, without unrestricted public access to the site, federal officials have stated that nomination as a World Heritage Site would be impossible.

The Moundbuilders lease runs until 2078. And although Kratoville said the club was ready to move, the History Connection and the club were millions of dollars apart. In 2018, the History Connection sued the club in court for the lease of a major domain.

Two lower courts ruled in History Connection’s favor, and it is now up to the Ohio Supreme Court to see if the nonprofit has the right to buy out the remainder of the lease. The History Connection, formerly known as the Ohio State Archaeological and Historical Society, last used a significant domain about a century ago to purchase several acres of earthwork 100 miles south of the Octagon property.

The Country Club argues that the History Connection did not negotiate in “good faith” what is required prior to a takeover under significant conditions, and that the public purpose – an expanded program of research, educational services, and preservation – could be achieved without the lease a great employer.

Zachary J. Murry, an Ohio attorney who specializes in major domain cases, said the court may not be ready to take on the role of deciding which of the competing public ends is better, given that political decisions tend to be the rule be hit by other branches of government.

If the court were to take on that role, one question, he said, would be whether operating as a public park and the prospect of becoming a globally recognized wonder is sufficient rationale to justify the takeover now, if recognition has not yet come is granted.

“This ‘conditional’ need seems problematic,” he said.

If the club moves, Kratoville said he wasn’t sure the Moundbuilders Country Club would keep its name. But it certainly wouldn’t try to recreate the hills, he said.

“You can’t do that,” he said. “It would be a different course.”

The only job of the Supreme Court is to rule on the important domain issue. If the History Connection turns out to have the right to take over the lease, the compensation will be handed down in a lower court at a later date – an amount Murry said would ultimately likely be somewhere between the two ratings.

Glenna Wallace, the first chief of Oklahoma’s Eastern Shawnee Tribe to consider the mound builders her ancestors, said the dispute was beyond monetary value. World heritage recognition for the earthworks – and full public access – would play a vital role in transforming the way visitors think about Indians, she said.

“The sophistication it takes to create this shows that my ancestors weren’t savages,” she said. “This must be open to people every single day of the week and every single day of the year.”

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Health

Pennsylvania and L.A. Transfer Up Dates for Vaccine Eligibility

The state of Pennsylvania and the city of Los Angeles this week accelerate their plans for broader approval of Covid-19 vaccines as the U.S. nears universal approval for adults.

Most states and US territories have already extended access to those over the age of 16. Others, including Massachusetts, New Jersey, Oregon, and Washington state, have plans for universal adult access in the next few days. All states are expected to be there by Monday, a deadline set by President Biden.

Some states have local eligibility differences, including Illinois, where Chicago didn’t join a statewide expansion that began Monday.

California as a whole has set Thursday as the date, but Los Angeles Mayor Eric Garcetti said Sunday that all residents 16 and over in his city, the second largest in the country, would be eligible two days earlier. In Pennsylvania, Governor Tom Wolf said Monday that all adults there would be eligible on Tuesday, six days earlier than previously planned.

“We need to further accelerate the introduction of the vaccine, especially as the number of cases and hospitalization rates have increased,” Wolf said in a statement.

The extended authorization did not always bring immediate access. The demand for vaccinations continues to outpace supply in much of the country, and people are striving to book tight appointments as soon as they become available. And the supply of Johnson & Johnson’s single-dose vaccine will be extremely limited until federal regulators approve production at a Baltimore manufacturing facility with a pattern of quality control errors, the White House pandemic response coordinator said Friday.

“We ask for your patience as we continue to expand our operations, receive more doses, and enter this new phase of our campaign to end the pandemic,” Garcetti said.

More than 119 million people – or more than a third of the US population – have now received at least one dose of a Covid-19 vaccine, according to the Centers for Disease Control and Prevention. The nation administers an average of 3 million doses per day.

Two of the three vaccines approved for use in the United States – those made by Moderna and Johnson & Johnson – are approved for use in adults. The third from Pfizer-BioNTech is approved for use by people aged 16 and over. The company would like to expand this area to young people between the ages of 12 and 15. No vaccine has yet been approved for use in younger children.

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Health

Biden to maneuver deadline for states to open photographs to all U.S. adults to April 19

Joe Cobarrubio, 34, will receive a vaccination against coronavirus disease (COVID-19) on April 5, 2021 in Artesia, California, United States.

Lucy Nicholson | Reuters

President Joe Biden is expected to announce Tuesday that states will open Covid-19 vaccine appointments for all adults in the United States by April 19, extending its original deadline by nearly two weeks, a White House official confirmed to NBC News .

Biden is expected to announce the new deadline later Tuesday after visiting a vaccination site in Alexandria, Virginia. While the deadline is voluntary, it puts public pressure on states to expand their eligibility guidelines.

A few weeks ago, Biden urged states, tribes and territories to question all adults in the US for a vaccination by May 1 at the latest. Most states, however, have already announced plans to open the rating to all adults by April 19. Only Hawaii and Oregon are havens, according to NBC News, no open eligibility plans have been announced as of this date.

Biden announced last week that 90% of adults in the US will be eligible for Covid-19 shots by April 19 and will be within five miles of their home on an expanded vaccination schedule. Around 40,000 pharmacies will sell the vaccine, up from 17,000, Biden said, and the US is setting up a dozen more mass vaccination sites by April 19.

“For the vast majority of adults, you don’t have to wait until May 1. You can be eligible for your shot on April 19,” Biden said on March 29 during a news conference on the government’s and Covid-19 response Vaccination efforts across the country.

Biden is pushing for 200 million Covid shots to be administered within his first 100 days in office. The pandemic rate of U.S. vaccinations averaged 3.1 million doses per day over the past week, according to Andy Slavitt, the White House’s senior pandemic advisor.

This is a developing story. Please try again.

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Politics

Transfer Over, Nerds. It’s the Politicians’ Financial system Now.

This is in marked contrast to the experience after the financial crisis of 2008.

There was a major fiscal stimulus in 2009, but a mix of legislative policies and deficit concerns from some officials in President Barack Obama’s inner circle constrained its size. Many of its components were relatively invisible to the average voter. And as the economy remained weak through 2010 and beyond, Republicans and many Democrats focused on reducing the deficit. “Stimulus” has become a dirty word in Washington.

The Fed stepped in and embarked on quantitative easing (essentially buying bonds with newly created money) and other untested strategies to keep the expansion going.

Central bankers’ tools, however, are limited. You can adjust interest rates and push money into the financial system to make obtaining credit easier. This can lead to more investment and spending, which in turn can lead to more jobs and higher wages.

Sound awkward? It’s – the economic equivalent of a triple bench shot in billiards.

In the 2010s, the strategy kind of worked. There was no going back into recession, and the expansion was the longest ever before the pandemic ended. But it took years and years for the economy to recover, and it was a deeply uneven recovery, with asset owners seeing the greatest gains. That the efforts were led by unelected central bankers reduced their democratic legitimacy by making it appear as if it was just an effort by elitist institutions to protect the rich and powerful at the expense of everyone else.

“You can do it and it can be successful, but the consequences of income and wealth inequality are going to stink to heaven,” said Professor McCulley. “You can do it that way, but it’s an abomination for democratic inclusion.”

In contrast, the tax authorities can spend money directly and route it where it is needed without expecting it to be paid back. The United States has done just that in the last year on a scale unparalleled since World War II.

The new $ 1.9 trillion package includes, among other things, $ 1,400 in Payments to Most Americans, a new childcare tax credit that deposits $ 300 a month into the bank accounts of most parents of a young child, Help for those facing eviction or foreclosure; and billions in grants for small businesses. According to opinion polls, it has been significantly more popular than other major domestic laws in recent years.

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World News

U.S. is ‘nonetheless struggling to maneuver away from fossil fuels’ 

The world’s largest carbon-emitting nations have lagged far behind their competitors in tackling a “global climate emergency”, according to new research.

The Green Future Index, released by MIT Technology Review late last month, measures and rates 76 nations and territories for their progress in building a low-carbon future. It found that China and the United States continue to lag behind Europe and other parts of the world in decarbonization.

“Europe is fast becoming a leading climate company with 15 of the top 20 countries in the index,” Claire Beatty, editorial director at MIT Technology Review Insights, told CNBC.

The open assessment underscores the slow progress that major polluters are making in their efforts to decouple their energy systems and economies from fossil fuels, despite new pledges to prioritize clean technology, industry and infrastructure in their post-pandemic recovery plans.

At the top of the Green Future Index is Iceland, a nation with a strong track record in clean energy generation and carbon capture technology. This is followed by Denmark (2nd), Norway (3rd), France (4th) and Ireland (5th).

The index takes into account five pillars, including carbon emissions, the share of renewable energies in energy consumption, environmentally friendly initiatives of a society, innovations in decarbonization and the effectiveness of national climate policy.

“Many of these countries, especially in Northern Europe, are very ambitious in decarbonising and building green infrastructures into their energy and transportation industries,” said Beatty.

Beyond the European bloc, the survey reveals a far more troubling history of global efforts to address the global climate challenge.

Great country ranking

The largest carbon emitting nations in the world had poor results. India (21st) was well ahead of the US (40th) and China (45th) in overall decarbonization efforts.

Despite strong emissions growth, India said India was “rapidly adopting renewable energy and building some of the world’s largest solar systems”. Even so, India still relies heavily on coal for cheap power generation and jobs.

Researchers said the United States, responsible for 15% of global emissions, “is still struggling to move away from fossil fuels and carbon-intensive agriculture.” The Joe Biden government pledges to reverse the rolling back on environmental regulations and make the US a 100% clean energy economy with net zero emissions by 2050.

“The lack of political leadership in the US on climate and energy over the past four years has been very problematic,” Kurt Waltzer, executive director of the research organization Clean Air Task Force, told CNBC.

“The US has seen significant growth in renewable energy, but it started from a very small base. To truly move to a decarbonised energy system, the US needs to set clear requirements in conjunction with energy innovation strategies that will keep all sectors out of emissions cause, “Waltzer added.

China, responsible for 28% of global emissions, has pledged to hit net carbon zero by 2060, but progress is slow. Coal continues to play a key role in China’s energy mix.

“National climate ambitions are currently too low – an issue that will be the main theme of COP26 later this year – but it is important that we do not treat all countries equally,” said Waltzer.

“The industrialized countries should lead with mandates and innovation policies that create decarbonised energy markets. Developing countries must incorporate innovation into economic development and plan longer-term routes to net zero,” he added.

Middle East Progress

The Middle East’s petroeconomics also underperformed, even if the rich Gulf states continue to push ahead with their climate plans.

Morocco (26th) was the highest ranking country in the Middle East and North Africa. Over 40% of the country’s electricity is now generated from renewable sources.

Israel (38th) took second place in the region and promised to get 13% of its energy from renewable sources by 2025. The UAE (43rd) took third place.

Petrostats like Saudi Arabia (61st), Russia (73rd) and Iran (74th) were classified as “climate protection” because of “a lack of progress and commitment to the development of a modern, clean and innovative economy”. Qatar was ranked 76th at the bottom of the index.

The report said the pressure on oil revenues associated with Covid-19 would likely delay national economic diversification programs and further stall emissions reduction efforts.

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Politics

Liz Cheney Says G.O.P. Should Transfer Previous Trump

WASHINGTON – Wyoming representative Liz Cheney took a deeper look on Sunday’s Republican identity crisis and on the eve of a Senate impeachment, warned her party about former President Donald J. Trump’s role in triggering a violent attack on the Capitol and the USA fails to “oversee” a culture of conspiracy within its ranks.

In her first television interview since Mr. Trump’s allies fought off an attempt by Trump’s allies to oust her from the House leadership for her vote to indict him, Ms. Cheney said Republican voters were “lied to” by a president who was running an election wanted to steal with unfounded allegations of widespread electoral fraud. She warned that if the party fails to show the majority of Americans that it can be trusted to lead truthfully, the party runs the risk of being excluded from power.

“The idea that the election was stolen or rigged was a lie and people need to understand,” Ms. Cheney said on Fox News Sunday. “We need to make sure that we, as Republicans, are the party of truth and that we are honest about what really happened in 2020 so that we actually have a chance to win in 2022 and win the White House back in 2024.”

She added that Mr. Trump “has no role in the future as the leader of our party”.

The remarks made it clear that Ms. Cheney, a leading Republican voice who tried to push the party back to its traditional political roots, had no intention of expressing her criticism of the former president after two attempts last week to get her for her impeachment vote punish to withdraw. In Washington, her critics forced a vote to try to oust her as chairman of the House Republican conference, but a secret ballot largely failed. And on Saturday, the Wyoming Republican Party reprimanded her and called for her resignation.

To that call, Ms. Cheney replied Sunday that she would not resign and suggested that Republicans in her home state continue to be misinformed about what had happened. It came a few days after she privately denied a request from the Republican leader of the House of Representatives, California Representative Kevin McCarthy, to apologize at her conference for how she had handled the impeachment vote, according to two people who had first exchanges were reported on Sunday by Axios.

“The people in the party are wrong,” she said on Fox News of the January 6 attack that killed five people, including a Capitol police officer, along with nearby protests. Regarding the Black Lives Matter movement, she added, “They believe the BLM and Antifa are behind what happened here at the Capitol. That’s just not the case, it’s not true, and we’re going to have a lot of work to do. “

First-hand reports, videos, criminal records, and a host of other evidence leave no doubt that supporters of Mr. Trump perpetrated the attack and believe that they may prevent Congress from formalizing President Biden’s election victory.

Despite refusing to say whether she would vote in favor of Mr Trump’s conviction if she were a Senator, Ms. Cheney urged Republicans to carefully examine the charges and evidence. She also noted that a tweet sent by Mr. Trump when the violence began to unfold criticized former Vice President Mike Pence for refusing to single-handedly reverse the election result “was a deliberate effort To provoke violence “.

“What we already know represents the most serious violation of his oath of office by a president in the country’s history, and we can’t just stop by or pretend it didn’t happen or we’re trying to move on,” said Dr. Said Cheney. She urged her party to “focus on substance, politics and issues” instead of being loyal to Mr. Trump.

This message is unlikely to go down well with many Republicans. Public opinion polls suggest that Mr. Trump remains by far the most popular national figure in his party, and Republican senators appear to be predominantly lining up to acquit him on the “incitement to rebellion” charges that Ms. Cheney endorsed.

Ms. Cheney also harshly criticized Rep Marjorie Taylor Greene, a newly minted Republican from Georgia, whose earlier acceptance of QAnon and a number of anti-Semitic and Islamophobic conspiracy theories upset the house last week. Ms. Cheney said Ms. Greene’s views “have no place in our public discourse.”

“We are the Lincoln party,” said Ms. Cheney. “We are not the party of QAnon or anti-Semitism or Holocaust deniers or white supremacy or conspiracy theories.”

Some prominent Republican senators backed Ms. Cheney on Sunday, saying they would look carefully at the impeachment case and try to steer the party back towards conservative political arguments rather than personality.

“Our party is on fire, if you will,” said Senator Bill Cassidy, Republican of Louisiana. “We win when we have guidelines that speak to the families at the table.”

Senator Patrick J. Toomey, Republican of Pennsylvania, said he was “really encouraged” by the House vote to keep Ms. Cheney in her leadership role. “You could have voted how you felt right and you kept your role,” he told State of the Union on CNN. “This is how you start to unite and hold this party together and think about how we are going in the post-Trump era.”

But Ms. Cheney, the daughter of a famous Republican family in Wyoming – her father, Dick Cheney, also represented the state in the House before he became Vice President – still faces the likelihood of a motivated primary challenge for the 2022 election.