Davos Update | Qatari ruler calls on West to value life

DAVOS, Switzerland (AP) — Qatar’s ruler sparked the killing of a Palestinian-American journalist in an Israeli raid this month while calling for double standards in the West.

In a speech at the World Economic Forum on Monday, Sheikh Tamim bin Hamad Al Thani said, “We should not accept a government that applies double standards to the value of its people based on region, race or religion. world.”

He added: “We believe that the life of every European is as valuable as people in our region.”

Qatar-based Al Jazeera, founded by Sheikh Tamim’s father in the 1990s, said the Israeli shooting killed its longtime journalist Shireen Abu Akleh on May 11.

Israel has said she may have been shot by its forces, but insists that cannot be certain without further forensic evidence.

Sheikh Tamim called on the world’s political and business elites gathered in Davos to pay as much attention to Ukraine as possible to resolve all forgotten or neglected conflicts.

He said “the most obvious example is in Palestine” and prayed that “the world wakes up from injustice and violence and finally takes action.”

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The U.S. government’s senior adviser on clean energy and climate change policy said the government needs to “make it worthwhile for the private sector” to invest heavily in carbon dioxide removal technologies.

“(Government) can do this through tax incentives … you can do it through public procurement. There are ways to make private business more valuable,” said Varun Sivaram, senior director of clean energy and innovation at the U.S. State Department. .

The latest report from the UN’s Intergovernmental Panel on Climate Change estimates that the deployment of carbon capture removal technologies lags far behind what is needed to meet internationally set warming goals.

“We need to scale a million times to get where we need to go. This means that by 2050 this (CO2 removal technology) needs to be the size of the oil and gas industry,” Swiss Re Group CEO Christian Mumen Thaler (Christian Mumenthaler) said.

Nili Gilbert, vice-chairman of carbon removal investment firm Carbon Direct, said the “tremendous opportunity … captured the imagination of the financial world” and encouraged the industry to get involved.

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The head of the International Energy Agency has urged countries and investors not to use Russia’s invasion of Ukraine as an excuse to increase investment in fossil fuels.

Speaking at an energy panel at the World Economic Forum in Davos, Switzerland, on Monday, Fatih Birol said the immediate response to the energy shock from the war should be to increase oil and gas on the market. But that doesn’t mean massive and sustained investment in fossil fuels.

Instead, he said efficiencies, such as reducing leaking methane and even lowering Europe’s thermostats by a few degrees this winter, would help ensure adequate energy supplies.

Russia is a major supplier of oil and gas, and the invasion has European countries scrambling to reduce their reliance on Moscow.

Occidental chief executive Vicki Hollub countered that the oil and gas industry plays a central role in the transition to renewable energy. The focus should be on making fossil fuels cleaner by reducing emissions, she said.

Occidental has invested heavily in wind and solar power and plans to build the world’s largest direct air capture facility in the Permian Basin, which spans parts of Texas and New Mexico, Hollub said. Direct air capture is the process of extracting carbon dioxide from the air and sequestering it.

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The mayor of Kyiv, Ukraine, told business executives and government leaders gathered in Davos that his country was defending democratic values ​​and human life.

“We’re defending you personally,” Vitali Klitschko and his brother Wladimir said Monday, pointing to the audience during a World Economic Forum panel discussion.

“We fight for values ​​first,” he said, and be part of the democratic world. He called on those who listen to “be proactive, because we pay for it – the greatest reward of human life every day.”

Ukraine needs arms as well as political and economic support, he said.

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The head of the UN’s World Food Programme tells billionaire it’s ‘time to step up’ amid growing threat of global food insecurity and says he sees encouraging signs that Elon Musk And mega-tycoons like Jeff Bezos are taking action.

WFP executive director David Beasley builds on some sort of social media standoff between him and Musk last year, when the Tesla CEO challenged policy advocates to show the $6 billion sought by the UN agency. How U.S. dollar donations solve world hunger.

Since then, Beasley told The Associated Press at a World Economic Forum meeting in Davos, Switzerland, “Musk put $6 billion into a foundation. But everyone thought it came to us, but we also Didn’t get it. So I was hopeful.”

“We’re trying every aspect, you know: Elon, we need your help, bro,” he said of Musk.

Beasley said the message is for every billionaire because “the world is in really serious trouble. This is not a rhetoric, stand up now because the world needs you.”

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Ukraine needs at least $5 billion a month to rebuild, Ukrainian President Volodymyr Zelensky said in a virtual speech to the World Economic Forum.

“If we could get 100 percent of our demand right away in February, it would save tens of thousands of lives,” he told a gathering of business elites and government officials in the Swiss town of Davos on Monday.

He was referring to weapons, funding, political support and sanctions against Russia.

Zelensky also said Russia was preventing critical food supplies such as wheat and sunflower oil from leaving its ports and stealing some.

The head of the UN’s World Food Programme has called for the reopening of ports, saying farmers in the region “grow enough food to feed 400 million people”.

David Beasley, executive director of the World Food Program, told The Associated Press in Davos that the world could face food supply problems in the next 10 to 12 months if such supplies remain unavailable. hell”.

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Ukrainian President Volodymyr Zelensky called for “maximum” sanctions on Russia in a virtual speech at the World Economic Forum meeting.

He said in a virtual speech on Monday that sanctions are needed to further deter Russian aggression, including an oil embargo, a blockade of all banks and a complete cut off of trade with Russia.

Zelensky said his country had slowed Russia’s progress and the courage of his people had inspired unseen unity in the democratic world.

He pushed for the complete withdrawal of foreign companies to prevent backing their wars.

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Russia’s war in Ukraine as well as climate change and the global economy are key issues at the gathering of business elites and government leaders in Davos, Switzerland, according to the founder of the World Economic Forum.

“This war is truly a turning point in history that will reshape our political and economic landscape for years to come,” Klaus Schwab said in his welcome speech on Monday.

But it also said the world was “at the end of the worst health catastrophe of the past century – COVID-19”.

Schwab added that climate change and protecting nature are urgent issues that need to be addressed, and concerns about high inflation will affect how the future of the global economy is viewed. He pointed to fears of falling into poverty and dying of starvation.

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The head of chipmaker Intel said a shortage of advanced equipment to make semiconductors could hamper global expansion plans.

Chief executive Pat Gelsinger said on Monday that lead times for chip-making equipment at the new chip factories the company plans to build in the U.S. and Europe, known as “fabs,” have been “substantially extended.”

“For us, that’s the number one issue right now, really the delivery of equipment,” Gelsinger told a press roundtable on the sidelines of the World Economic Forum.

A few suppliers produce high-tech semiconductor manufacturing equipment, such as the Dutch company ASML. A semiconductor shortage that erupted last year hurt supplies of everything from cars to kitchen appliances and highlighted the industry’s vulnerability to Asia-centric manufacturing.

Intel has announced tens of billions of dollars in investment in new chip-making facilities in Europe, including a new mega-factory in Germany and an expansion in Ireland. In January, it announced a plan to build a $20 billion factory in Ohio.

Gelsinger said the supply of chip-making equipment is “the most important key point in expanding capacity today.”

He added that he was urging U.S. and European authorities to speed up legislation, both of which have introduced their own “chip bills” to boost national semiconductor manufacturing.

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The World Economic Forum’s annual meeting kicked off Monday in Davos, Switzerland.

This village in the Swiss Alps has been transformed into a glitzy venue for a four-day conference ostensibly dedicated to making the world a better place. The event resumed in person after a two-year hiatus due to the COVID-19 pandemic, which also delayed this year’s conference from its usual winter slot.

Thousands of business executives, government officials and other dignitaries packed the conference venue to chat and listen to panel discussions on topics such as sustainable development, climate change and the Russia-Ukraine war.

Attendees also visited pavilions near the main road in Davos, set up by companies including Intel, Accenture and Facebook owner Meta.

One of the main highlights of the opening day was a virtual keynote speech by Ukrainian President Volodymyr Zelenskyy. There was also a sizable Ukrainian government delegation in person, showing that they have a case for more Western support in the country’s fight against Russia.