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Today, we issued a Client Alert summarizing the White House Climate Change Summit from last week. We are replicating it below for the benefit of our blog readers.
President Biden hosted the Leaders Summit on Climate (Climate Summit) on 22-23 April. The Climate Summit is a next step in the President’s plan to employ a “whole of government” approach to combat climate change. The Climate Summit, which was attended by 40 world leaders, also shows that the United States intends to become a global leader in the fight against climate change, both at home and abroad. During the meeting, the U.S., the other invited governments, and key stakeholders set ambitious goals for investing in climate solutions, supporting innovation, and creating new economic opportunities in climate action.
Xi Jinping’s BRI Speech at Bo’ao Forum for Asia Reveals CCP’s Global Ambitions
News Analysis
Xi Jinping, leader of the Chinese Communist Party (CCP), delivered a speech at the Bo’ao Forum for Asia (BFA) 2021 via video on April 20, promoting the CCP’s Belt & Road Initiative (BRI) also known as “One Belt, One Road” (OBOR) and the expansion of communism.
The Bo’ao Forum for Asia (BFA) 2021, which is an annual event, was held from April 18 to 21 in Bo’ao, Hainan Province, China.
At the beginning of his speech, Xi said that the annual forum was held in a “very special background,” and that its theme was “A World in Change: Join Hands to Strengthen Global Governance and Advance Belt and Road Cooperation,” which “is most opportune and relevant under the current circumstances.”
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On April 22, 2021, President Joe Biden announced his International Climate Finance Plan as a follow up to his January Executive Order 14008 on Tackling the Climate Crisis at Home and Abroad. 2021-02177.pdf (govinfo.gov). This International Climate Finance Plan reflects the Administration’s desire to double, by 2024, U.S. annual public climate finance to developing countries using as a baseline the average level during the second half of the Obama Administration.
The purpose is to help developing nations reduce and/or avoid greenhouse gas emissions and to “build resilience and adapt to the impacts of climate change.” EXECUTIVE SUMMARY: U.S. International Climate Finance Plan | The White House
Introduction
With the change of administration in Washington, the agenda that the United States is likely to prioritize in its relationship with Latin America has familiar elements: migration, rule of law, governance, counter-narcotics, and the crisis in Venezuela. Newer to the mix are concerns with populism, the inroads made by China, and the social and economic impact of the Covid-19 pandemic.
These are serious issues, but they reflect a largely reactive response to developments in the region. The opportunity also exists for a positive paradigm shift in hemispheric relations post-pandemic that places U.S.-Latin American ties on a more strategic footing to respond to twenty-first-century challenges.
Safaricom bids for Ethiopia telecom licence
Summary
Ethiopia is expected to assess the bids within a one-month window and announce the successful firms by May.
Monday April 26 2021
By BRIAN NGUGI
Summary
Ethiopia is expected to assess the bids within a one-month window and announce the successful firms by May.
Safaricom #ticker:SCOM has made a formal bid to get a licence to operate in Ethiopia one of the world s last major closed telecoms markets, the company announced on Monday.
In a notice to shareholders, the telco said it is submitting its proposal through a consortium it is leading with its parent firms Vodafone and Vodacom, British development finance agency CDC Group and Japan s Sumitomo Corporation.