GLASGOW, SCOTLAND – NOVEMBER 01: Indian Prime Minister Narendra Modi presents his national statement on day two of COP26 at SECC on November 1, 2021 in Glasgow, United Kingdom. 2021 sees the 26th United Nations Climate Change Conference.
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LONDON — Some of the world’s largest polluters were under the spotlight at the COP26 summit Monday, as countries outlined their commitments on climate change.
India’s prime minister, Narendra Modi, pledged to reach net-zero carbon emissions by 2070, a date two decades beyond the target set by COP26 organizers and host Boris Johnson, the U.K.’s prime minister.
Modi said the country had five climate-related pledges, including meeting 50% of its energy needs by renewable means by 2030.
“By 2070, India will achieve the target of net zero emissions,” he added, during a speech delivered Monday. The country is the world’s third-largest carbon emitter.
India represents 17% of the world’s population and 5% of the carbon emissions, Modi said, adding that it had “delivered both in letter and in spirit on its Paris commitments,” referring to the 2015 Paris Agreement where nations made the 1.5 degrees Celsius pledge. But to do so, the world needs to almost halve greenhouse gas emissions in the next eight years and reach net-zero emissions by 2050.
The COP26 summit, delayed a year by the coronavirus pandemic, comes six years after the landmark Paris accord was signed by nearly 200 countries to limit rising global temperatures to 2 degrees Celsius above pre-industrial levels and to “pursue efforts” to cap heating to 1.5 degrees Celsius.
The latter threshold is a crucial global target because beyond this level, so-called tipping points become more likely. Tipping points refer to an irreversible change in the climate system, locking in further global heating.
Modi also said India would reduce the carbon intensity of its economy by 45%.
Meanwhile, China’s president, Xi Jinping, called for countries to take “stronger actions” on climate change in a written statement released Monday during the summit.
“I hope all parties will take stronger actions to jointly tackle the climate challenge and protect the planet, the shared home for us all,” he said, according to China’s state media agency Xinhua, which published the statement.
Xi, who is not attending COP26 in person, also called for developed countries to help developing nations do more. Onlookers noted that the statement failed to make any new commitments on climate change. China’s target for net zero is also well beyond the 2050 target.
The Chinese leader’s statement follows strong criticism from U.S. President Joe Biden at the G-20 meeting of the world’s largest economies on the weekend. At a news conference, Biden blasted China and Russia, saying the countries “basically didn’t show up in terms of any commitments to deal with climate change.” Along with Xi, Russian President Vladimir Putin is not going to COP26 in person.
Xi’s statement also follows calls from the White House on Monday for China to do more to tackle climate change. “We are filling our end of the bargain at COP. The fact that China isn’t is not something that they can readily point to us,” U.S. national security advisor Jake Sullivan told reporters, according to a Reuters report. The U.S. is the second-largest emitter of carbon.
“They are a big country, with a lot of resources and a lot of capabilities, and they are perfectly well capable of living up to their responsibilities and it is up to them to do so,” Sullivan added.
Xi’s statement at COP26 also said China would “vigorously” develop renewable energy and build wind and solar power stations.
The statement added that China would “rein in the irrational development of energy-intensive and high-emissions projects,” and that the country will roll out plans for sectors including coal, energy, construction and transport, but did not say when it would do so.
China is the world’s largest emitter of carbon, exceeding the greenhouse gasemissions of the U.S. and the developed world combined. Xi has previously said the country would “strictly control coal-fired generation projects,” however China is increasing construction of coal-fired plants. The state-owned Bank of China has been heavily criticized for its role in financing overseas coal projects, with its funding reaching $35 billion since 2015.
The country is currently in the middle of an energy crisis, with power cuts across China likely to “substantially increase” its coal imports in the short term. Experts said it is a “balancing act” to keep the lights on while demonstrating a commitment to emissions reductions.
— CNBC’s Emma Newburger, Sam Meredith and Yen Nee Lee contributed to this report.
Kia wants your next vacation to be a little greener. ThePV5, Kia’s electric van, is getting a new role as a high-end people mover at eco-friendly luxury resorts.
Kia launches PV5 pilot at Red Sea Global’s luxury resorts
You can use the PV5 as a daily driver, delivery van, or even to start a pop-up mobile shop, but now it has found a new use.
Kia launched a new demonstration project on September 29 with Red Sea Global (RSG), one of the developers behind Saudi Arabia’s new gigaprojects.
The project is “the first step toward smarter mobility” as Saudi Arabia aims to break away from its oil-centric economy.
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Kia will provide the PV5 Passenger model for the demo, but promises much more is on the way. The Korean automaker will also help train workers, teaching them about electric vehicles, new technology, and other clean energy solutions.
Kia’s electric vans will be used as customized people movers at RSG’s new resorts and wellness tourism complex in Riyadh, Saudi Arabia.
The Kia PV5 electric van (Source: Hyundai Motor Group)
Breaking free from oil opens up a new market
The site, located along the Red Sea, is one of five gigaprojects designed to help the oil-rich nation reduce its dependence on fossil fuels.
Saudi Arabia’s plans, part of its Vision 2030 strategy, include a futuristic new city in Neom, an entertainment complex in Qiddiya, a residential development in Roshn, and a heritage site in Diriyah.
The Kia PV5 electric van (Source: Hyundai Motor Group)
Essentially, Saudi Arabia aims to transition from relying on oil revenue to power its economy to generating profits from tourism.
“Saudi Arabia is a very important market,” Jeong Ho-geun, Executive Vice President of Hyundai Motor Group’s Future Strategy Division, said, adding that the PV5 pilot is likely just the start.
Kia PV5 Passenger interior (Source: Kia)
A PV5 cargo designed for resort logistics and a custom PV5 conversion model could also be in the pipeline, the company said, which would be used at RSG’s high-end resorts. The larger PV7 electric van, set to launch in 2027, is “a possibility.”
With the PV5 arriving as a high-end shuttle in Saudi Arabia, will Kia launch it in other countries for use at resorts? It wouldn’t be a surprise.
Kia’s electric van is already rolling out in Europe, South Korea, and other global markets. The PV5 Passenger and Cargo, designed for personal and business use, are available in parts of Europe and South Korea.
During its PV5 Tech Day event over the summer, Kia revealed plans to launch seven new body types, including a “prime” luxury Passenger model, an open bed (similar to a pickup), and even a light camper version. What’s next?
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A video circulating on social media this morning has electric bike fans cheering and Homeland Security officers scratching their heads after a man who is reported to be a delivery rider appeared to evade a group of Immigration and Customs Enforcement (ICE) agents in Chicago using nothing more than some quick footwork and an e-bike.
The short clip opens on a fairly routine city sidewalk scene, otherwise ordinary except for the group of around a dozen ICE agents, most with faces obscured and wearing a variety of mismatched uniforms and various military-style fatigues. There doesn’t appear to be any active law enforcement incidents or a clear reason for the large force, and the agents seem to be standing idly in a group on the sidewalk. The delivery rider can be seen walking his bike nearby and bending down to pick something up off the ground, which is followed by one of the agents lunging at him to try and grab him.
Startled, the man stumbles away, pushing his delivery e-bike with him and breaking into an awkward, zig-zagging escape. What follows looks more like a low-budget action comedy than a coordinated enforcement effort, as nearly a dozen ICE officers give chase in what looks like a confused herd. The video has been edited to add the Benny Hill theme song, further lightening the mood.
The rider, clearly no stranger to improvisation, darted past the agents while pushing his e-bike, sometimes switching directions to throw them off or using strangers as a screen to evade the officers, before finally hopping into the air and landing butt-first on his bike to zip away. The last few officers continued to chase the rider briefly as he increased the distance, before they eventually abandoned the pursuit and awkwardly returned to the sidewalk. The cyclist pedaled away, perhaps indicating that the likely throttle-enabled e-bike hadn’t even been turned on at the time.
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It’s unclear what prompted the attempted stop or if ICE agents were actually targeting the man specifically. Many have pointed out recently that such encounters are typical with ICE agents seen simply stopping people of color, often times delivery workers and other laborers.
One thing is for sure, though: As we’ve often said, e-bikes really may be the fastest way around a city, regardless of whether or not you’re being pursued.
Electrek’s Take
Obviously, if police are attempting to legally detain you, evading is not recommended. We don’t have enough context from the video to determine exactly why the ICE agents suddenly lunged at the man. From the video, the incident appears to have started after a single officer decided to attempt to grab the man, and not because he was the target of an investigation. Recent ICE roundups have been widely accused of selective enforcement, mostly preying upon people of color and in working-class areas.
ICE agents are only legally allowed to stop individuals if they have reasonable suspicion that the person has committed a crime, such as an immigration violation.
Electric bicycles continue to be one of the most effective ways to move quickly and efficiently around urban areas.
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Gold prices were poised for a second consecutive weekly gain on Friday, driven by safe-haven demand amid tensions in the Middle East and rising bets that the U.S. Federal Reserve might reduce interest rates later this year.
Courtesy: Kinross
Newmont Corp. on Monday announced that President and Chief Operating Officer Natascha Viljoen will succeed Tom Palmer as chief executive officer, starting in January.
Palmer, who has served as president and chief executive officer since 2019, will resign from the board and as CEO on December 31.
Viljoen joined the company in 2023 as executive vice president and chief operating officer, according to the company’s website. Prior to joining the gold miner, she served as CEO of Valterra and held leadership positions at BHP and Lonmin.
Viljoen will become the first woman to lead Newmont in its over 100-year history, according to the company.
“I want to express my gratitude to Tom for his mentorship and support, and to the Board for entrusting me with the responsibility to lead Newmont into its next phase of growth,” Viljoen in a press release.
Palmer joined Newmont in 2014 as Managing Director Indonesia before serving as the company’s Managing Director Asia Pacific in 2015, and chief operating officer in 2016, according to its website.
“After 12 years with Newmont, and almost 40 years in the mining industry, it is time for me to retire and hand over to Natascha to lead our Company through the next chapter in its storied history,” Palmer said in a statement.
Newmont earlier this month said it sold its stake in Orla Mining for $439 million as part of its divestiture program.