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“Situation is extremely dangerous” warns former UN Environmental Director | ticker VIEWS

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Former UN Environmental Director and climate activist Svein T Veitdal warns the climate crisis needs immediate action

Svein T Veitdal is a global expert and activist on climate change, renewable energy & nature. He is a former UN Director and is now the Director of Klima 2020. Based in Norway, Svein says “we still have hope and possibility, but we have to act extremely fast.”

“I think everybody understands that the situation is extremely dangerous for future generations. There is no doubt about that anymore. There is one recipe that works. That is to take the source to the problem. Which is the fast reduction of emissions. And that means cutting down on fossil energy production.”

Svein T Veitdal, former UN Director, climate activist

Nordic countries lead the way on climate action

The recent IPCC climate report sent a stark climate science warning around the world. Now, more extreme weather events are wreaking havoc across Greece, the United States.

Nordic countries like Norway, Sweden, and Denmark are showing great leadership when it comes to climate change action. Now, more than 50%, of all new cars sold in Norway are fully electric, with no hybrids.

Norway is focusing on subsidising, with free parking, no road tolls, and a growing network of charging stations.

 “So we are not more environmentalists than other countries, it’s just to do it like this and it will happen everywhere. So that’s a way to speed up the transition. But now, we are starting to withdraw the benefits because now the market works and we can withdraw the benefits.”

Svein T Veitdal, former UN Director, climate activist

Norway also leads the way for remarkable hydrogen opportunities. More than 95% of their energy is renewable, mainly from hydrogen.

“We definitely continue to invest in hydrogen and hydrogen development”

Svein T Veitdal, former UN Director, climate activist

However, while Norway is leading in so many ways Veitdal insists Norway can also be seen as hypocritical. He says in comparison to Sweden and Denmark, Norway has only reduced its emissions by 4% since 1990.

” Norway is not willing to set an end date to oil and gas and we are even subsidising to look for new areas. And we are going against the advice to the Secretary-General in the UN and also the new report from the International Energy Agency.”

“Our neighbours have done much better.”

Svein T Veitdal, former UN Director, climate activist

Cop26 Glasgow

The 2021 United Nations Climate Change Conference, also known as COP26, is fast approaching. It’s scheduled to be held in the city of Glasgow, Scotland between 1 and 12 November 2021.

Glasgow will potentially be one of the most important global climate discussions of all time. Action must happen now before it’s too late.

“It’s super important because maybe it’s the last chance we have to reach global climate goals. I don’t think we will make the 1.5 goals but what is needed is an agreed plan to phase out fossil energy production and increased renewable energy production much faster than what is happening today.”

“We need to reduce emissions by 10% a year until 2030.”

Svein T Veitdal, former UN Director, climate activist

“We now have almost 80% of the world’s emissions covered by net-zero pledges – up from about 20% in 2019. AUS still has a target set in 2015”

Scott Hamilton, Energy expert & ticker climate co-host

 

Veitdal has attended most of the climate conferences in the past and says Australia’s track record is not great. He believes Australia is a victim of climate change to forest fires, heatwaves, and the downgrading of the Great Barrier Reef.

Veitdal warns if Australia doesn’t pick up its game, it will lag behind, lose a lot of green business opportunities and suffer more from the impact.

“It looks like you have failed to act to protect your people from I think, maybe the greed of the fossil fuel industry before sea lobby, the coal lobby is probably too strong.”

“Even if you have excellent conditions for renewable energy production, it looks like the shift is coming slower to Australia than the rest of the world.”

“Australia must leave fossil energy behind that’s your solution, that will be successful to the people and to the world.”

Svein T Veitdal, former UN Director, climate activist

Watch this week’s full episode here: https://originals.tickernews.co/category/climate/

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News

China encircles Taiwan with military drills, sparking global concern

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Beijing’s latest show of force sends a stern warning to Taiwan, as the US urges restraint amid escalating tensions.

China deployed planes and ships to encircle Taiwan on Monday in military drills that Beijing described as a “stern warning” to what it called “separatist” forces on the island.

The exercises, dubbed Joint Sword-2024B, mark China’s fourth large-scale war game targeting Taiwan in the past two years.

Beijing, which has not ruled out using force to bring Taiwan under its control, conducted these drills in the north, south, and east of Taiwan, focusing on sea-air combat readiness and blockading key ports.

Practicing an assault

The Chinese military’s Eastern Theater Command said the drills also included practicing an assault on maritime and ground targets, with China’s coast guard conducting “inspections” around the island.

Taiwan condemned the exercises as “irrational and provocative,” deploying its own forces in response. The Taiwanese defence ministry stated it is fully prepared to counter any threat to its sovereignty.

The United States criticised China’s actions as “unwarranted” and warned of the risk of escalation, calling on Beijing to act with restraint. Taiwan’s President Lai Ching-te, who has taken a firmer stance on Taiwan’s sovereignty than his predecessor, convened a high-level security meeting to address the drills, describing them as inconsistent with international law.

Tensions between China and Taiwan continue to rise, with China ramping up its military activity around the island in recent years.

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Europe’s crossroads: confronting electoral upheaval and rising global tensions

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Experts discuss the EU’s challenges and opportunities ahead

Euro Bloch is a comprehensive program designed to highlight the breadth of topics and issues within the EU political landscape. It offers insightful analysis within the evolving framework of relations between the European Union and Australia/Asia-Pacific region.

Hosted by Ticker EU correspondent, Natanael Bloch.

In this episode, Natanael interviews Professor Bruno Mascitelli about the future of the European Union following the June elections. With Ursula von der Leyen re-elected as President of the European Commission, Mascitelli discusses the challenges she may face in her second term and the growing influence of far-right and populist parties in the EU Parliament.

As Hungary takes over the Presidency of the Council of the EU, concerns about its impact arise. The episode also considers the EU’s potential diplomatic role amid escalating tensions in the Middle East and identifies crucial policy areas where the EU must strengthen its stance to compete globally.

 

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Money

China has pledged to “significantly increase” debt to jumpstart its economy

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Finance Minister Lan Foan announced plans to help local governments tackle debt, support low-income households, and boost the property market.

Investors have been urging such steps as China faces deflationary pressures and a sharp property market downturn.

However, no figure was provided for the stimulus package, leaving markets anxious about the strength and duration of the recovery effort.

Economists warn that this lack of clarity may prolong uncertainty until China’s legislature approves extra debt measures.

Concerns are rising that China may fall short of its 5% growth target, signalling deeper structural challenges ahead.

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