Month: April 2024

SYDNEY — The Asian Development Bank holds its annual meeting in Tbilisi, Georgia, next week, with discussions on climate change and the world’s aging population high on the agenda.

The four-day summit, starting Thursday, marks the first time that the ADB’s 68 members have gathered for a meeting in Georgia, which joined the multilateral development bank in 2007.

“Georgia sits at the crossroads of Europe and Asia,” said Shalini Mittal, a principal economist for Asia at the Economist Intelligence Unit.

“This meeting signifies ADB’s agenda of bridges to the future where technology and expertise from the West can be used to enhance structural reforms in Asia,” Mittal told VOA.

Alongside numerous panel discussions and a keynote speech from ADB President Masatsugu Asakawa, finance ministers from Association of Southeast Asian Nations member countries Japan, China and South Korea will also meet on the sidelines.

“Given the geopolitical uncertainty with the Ukraine-Russia war and tensions in Asia with China’s problematic relations with its neighbors, I think the meeting is taking place at a crucial time,” said Jason Chung, a senior adviser with the Project on Prosperity and Development at Washington’s Center for Strategic and International Studies.

“It provides an additional path to have meaningful discussions on global economic issues,” Chung told VOA.

Climate change stressed

The issue of climate change is set to headline proceedings at the conference, with the ADB now marketing itself as the climate bank for the Asia-Pacific region.

The bank pledged a record $9.8 billion of climate finance in 2023, supporting developing countries to cut greenhouse emissions and adapt to extreme conditions as global warming continues.

“Storm surges, sea level rise, heat waves, droughts, and floods — all our countries suffer from all of the imaginable impacts of climate change,” said Warren Evans, who, as senior special adviser on climate change in the ADB president’s office, acts as the institution’s climate envoy.

The bank says that the Asia-Pacific region was hit by over 200 disasters last year alone, with many of them weather related, a problem that shows no sign of letting up.

“Right now, there’s a heatwave in Bangladesh that is causing severe impacts. Schools are closed, they’re seeing a drop in agricultural productivity, hospitals are getting overloaded with people with heatstroke,” Evans told VOA.

“Mortality rates are going up and, of course, women and children are the most vulnerable to those impacts,” he said.

While much of the Asia-Pacific region is extremely vulnerable to climate change, it is also a huge driver of the phenomenon.

The region contributes more than half of global carbon dioxide emissions, with a heavy reliance on coal as a source of energy, according to the ADB.

To try to reach net zero targets, many Asia-Pacific nations require huge investment to convert to clean energy alternatives.

One way that the ADB is tackling this issue is through a program targeting coal-burning power plants, a major contributor to emissions.

“With private sector partners and sovereign funding, we’re refinancing coal-fired power plants in order to be able to close them down early,” Evans said. The ADB’s “energy transition mechanism” uses private and public capital to refinance investments in coal-fired power, allowing power purchase agreements to be shortened and plants to be closed as much as a decade earlier than planned. The financing is also used to fund clean energy projects to generate the power that would have come from the coal plant.

The project looks to replace these plants with clean energy alternatives, ensuring that power is generated more sustainably.

A coal-burning power plant in Indonesia’s West Java is set to become the first to be retired early under the initiative.

“The communities that are impacted will have support, allowing people to find new jobs or to get social welfare,” Evans said.

Aging population in Asia

During the Tbilisi summit, the ADB will also launch a major report on aging population, which also affects member countries’ economies.

According to the bank, 1 in 4 people in the Asia-Pacific region will be over 60 by 2050, close to 1.3 billion people.

“The speed of aging is very quick in Asia, because of the rapid progress in the social development that has taken place in the region,” said Aiko Kikkawa, a senior economist for the ADB’s Aging Well in Asia report.

Researchers have investigated the implications of this demographic transition, with Kikkawa finding that the Asia-Pacific region is currently “unprepared” for aging populations.

“Large numbers of older people do report a substantial disease burden, lack of access to decent jobs or essential services, such as health and long-term care, and even lack of access to pension coverage,” Kikkawa told VOA.

The ADB has pledged to help to improve the lives of older people across the Asia-Pacific region, by supporting the rollout of universal health coverage and providing infrastructure for ‘age-friendly cities’ that are more accessible for older people.

Poverty to be addressed

While much of the focus in Tbilisi will be on climate change and aging populations, the ADB’s core edict remains to eradicate extreme poverty in its many developing country members.

That task has become even more challenging in an environment of high inflation and growing government debt.

However, Chung, the former U.S. director of the ADB, told VOA he believes that this goal should be at the center of discussions in the Georgian capital.

“The ADB should focus on its core mission of alleviating poverty and creating paths for economic growth in the developing member countries.

“While climate risk is important, I think given the state of uncertainty, it is important to provide support to create economic conditions for growth,” he told VOA.
…

washington — About one-quarter of U.S. adults age 50 and older who are not yet retired say they expect to never retire, and 70% are concerned about prices rising faster than their income, an AARP survey finds.

About 1 in 4 have no retirement savings, according to research released Wednesday by the organization that shows how a graying America is worrying more and more about how to make ends meet even as economists and policymakers say the U.S. economy has all but achieved a soft landing after two years of record inflation.

Everyday expenses and housing costs, including rent and mortgage payments, are the biggest reasons why people are unable to save for retirement.

The data will matter this election year as Democratic President Joe Biden and Republican rival Donald Trump are trying to win support from older Americans, who traditionally turn out in high numbers, with their policy proposals.

Everyday expenses hamper saving

The AARP’s study, based on interviews completed with more than 8,000 people in coordination with the NORC Center for Public Affairs Research, finds that one-third of older adults with credit card debt carry a balance of more than $10,000 and 12% have a balance of $20,000 or more. Additionally, 37% are worried about meeting basic living costs such as food and housing.

“Far too many people lack access to retirement savings options and this, coupled with higher prices, is making it increasingly hard for people to choose when to retire,” said Indira Venkateswaran, AARP’s senior vice president of research. “Everyday expenses continue to be the top barrier to saving more for retirement, and some older Americans say that they never expect to retire.”

The share of people 50 and older who say they do not expect to retire has remained steady. It was 23% in January 2022 and 24% that July, according to the study, which is conducted twice a year.

“We are seeing an expansion of older workers staying in the workforce,” said David John, senior strategic policy advisor at the AARP Public Policy Institute. He said this is in part because older workers “don’t have sufficient retirement savings. It’s a problem and its likely to continue as we go forward.”

In the AARP survey, 33% of respondents 50 and older believe their finances will be better in a year.

Based on the 2022 congressional elections, census data released Tuesday shows that voters 65 and older made up 30.4% of all voters, while Gen Z and millennials accounted for 11.7%.

Biden has tried to court older voters by regularly promoting a $35 price cap on insulin for people on Medicare. He trumpets Medicare’s powers to negotiate directly with drugmakers on the cost of prescription medications.

Trump, in an interview with CNBC in March, indicated he would be open to cuts to Social Security and Medicare. The former president said “there is a lot you can do in terms of entitlements, in terms of cutting.”

Karoline Leavitt, press secretary for Trump’s campaign, said in a statement to The Associated Press on Tuesday that Trump “will continue to strongly protect Social Security and Medicare in his second term.”

Candidates court senior voters

A looming issue that will affect Americans’ ability to retire is the financial health of Social Security and Medicare.

The latest annual report from the program’s trustees says the financial safety nets for millions of older Americans will run short of money to pay full benefits within the next decade.

Medicare, the government-sponsored health insurance that covers 65 million older and disabled people, will be unable to pay full benefits for inpatient hospital visits and nursing home stays by 2031, the report forecast. And just two years later, Social Security will not have enough cash on hand to pay out full benefits to its 66 million retirees.

An AP-NORC poll from March 2023 found that most U.S. adults are opposed to proposals that would cut into Medicare or Social Security benefits, and a majority support raising taxes on the nation’s highest earners to keep Medicare running as is.
…

…

sydney — Analysis of more than 25,000 images from divers, tourism operators and recreational boats on Australia’s annual Great Reef Census is getting under way. Now in its fourth year, one of the world’s fastest-growing conservation projects is helping to gauge the health and degradation of the world’s largest coral system, which is suffering from another mass bleaching event.

The Great Reef Census collects a trove of images of what is arguably Australia’s greatest natural treasure.

Each picture can contain vital information about the health of the Great Barrier Reef. Together, the images create a vital evaluation of the state of the ecosystem.

The barrier reef stretches for 2,300 kilometers down Australia’s northeastern coast. It is under increasing threat from global warming, pollution and overfishing, as well as coral-eating crown of thorns starfish.

The surveillance project is urging so-called citizen scientists around the world to help in the analysis of the images. The survey also uses artificial intelligence to scan much of the data.

The public is being asked to analyze the images to see which reefs fared better than others and potentially identify so-called new “key source reefs,” which are those reefs that appear to have escaped the worst of the degradation.

Anyone can help in the effort, said Nicole Senn, impact and engagement lead at Citizens of the Reef, which coordinates the survey.

“Citizen scientists using our A.I assisted platform can actually provide data that is highly comparable in accuracy to a reef expert, and it takes as little as one minute to analyze an image, and the data you are generating helps to prioritize conservation efforts on the reef and identify key source reefs,” she said. “These are healthy reefs that are positioned in a way that they can help nearby reefs recover and this is just one of the many ways your analysis of these images can help.”

The Great Barrier Reef is suffering from another widespread bleaching event.

Scientists say that corals bleach, or turn white, when they are stressed by changes in water temperature, light, or nutrients. In response, the coral expels the symbiotic algae living in their tissues that give them their color and energy, exposing their white skeleton.

Not all bleaching incidents are due to warm water, but experts say the mass bleaching reported on the Great Barrier Reef is caused by a marine heatwave.

Experts say reefs around the world last year and early this year have been affected by high ocean surface temperatures.

Chris Lawson, a data scientist with the Great Reef Census’ Science Committee, told VOA that the situation appears to be dire.

“The latest mass bleaching event has been designated as the fourth global mass bleaching event,” he said. “So, it is not just in Australia, it has been observed globally and by all accounts is the worst one on record in terms of its extent and its severity of bleaching.”

Experts say reefs’ extreme susceptibility to warming sea temperatures makes them one of the world’s ecosystems that is most vulnerable to climate change.
…

…

…

Methane leaking from fossil fuel production is among the top contributors to climate change. Now a leading environmental scientist is hoping to provide more accurate and consistent findings of methane emissions with the launch of a technologically advanced satellite. VOA’s Julie Taboh has more. Arash Arabasadi contributed to this report. Camera: Adam Greenbaum
…

As climate change wreaks havoc around the world, the need for sustainable solutions grows more urgent. In Nigeria, a private company recently introduced an Uber-style taxi system made of approximately 200 electric vehicles. The company says the fleet is a step toward a greener future. Gibson Emeka reports from Abuja, Nigeria. Amy Reifenrath narrates.
…

COTONOU, Benin — Benin, Liberia and Sierra Leone launched large-scale malaria vaccine programs on Thursday under an Africa-focused initiative that hopes to save tens of thousands of children’s lives per year across Africa.

The three West African countries are the latest to participate after successful rollouts of routine malaria immunization for children in Burkina Faso, Cameroon, Ghana, Kenya and Malawi, the global vaccine alliance GAVI said in a statement.

The World Health Organization-approved vaccine is meant to work alongside existing tools such as bed nets to combat malaria, which in Africa kills nearly half a million children under the age of 5 each year.

“This introduction … will help save lives and offer relief to families, communities and hard-pressed health systems,” said Aurelia Nguyen, GAVI chief program officer.

Benin has 215,900 doses of the vaccine, which will be available to children from around 5 months old, according to GAVI.

Sierra Leone has 550,000 doses and neighboring Liberia has 112,000 doses, it said.

At the official launch in Benin, which took place in the town of Allada, some 54 kilometers from the country’s largest city, Cotonou, 25 children received the vaccine.

“I came to have my children vaccinated against malaria. It’s important to me because when children get this malaria disease, we spend a lot of money,” said Victoire Fagbemi, a 41-year-old mother of four.

Another mother, Victoire Boko, who had her 10-month-old child vaccinated at the launch, said the health minister’s explanations about the vaccine in the local Fon language had allayed any anxieties she had about its safety. “When I get home, I will share the information … with my neighbors and friends,” she said on the sidelines of the launch.

The African region is home to 11 countries that carry approximately 70% of the global burden of malaria, according to GAVI.
…

MIGORI, Kenya — As the coffin bearing the body of Rosebella Awuor was lowered into the grave, heart-wrenching sobs from mourners filled the air. Her sister Winnie Akinyi, the guardian to Awuor’s orphaned son, fell to the ground, wailing. 

It was the latest of five deaths in this family attributed to malaria. The disease is common in Kenya, and it is preventable and curable, but poverty makes it deadly for those who can’t afford treatment. 

In the family’s compound in the western county of Migori, three other graves are visible, that of Awuor’s husband and their other two children who died from malaria before age 2. 

Awuor, 31, fell ill in December and lost her five-month pregnancy before succumbing to malaria. Her 11-year-old son is the family’s only survivor. 

Malaria is still a significant public health challenge in Kenya, though some progress may be coming. Parts of Kenya participated in an important pilot of the world’s first malaria vaccine, with a reported drop in deaths for children under 5. Kenya’s health ministry hasn’t said when the vaccine will be widely available. 

The biggest impact is felt in regions characterized by high temperatures like Kenya’s Indian Ocean coast, and places with high rainfall like the western region near Lake Victoria. 

Kenya had an estimated 5 million malaria cases and more than 12,000 deaths reported in 2022, according to the World Health Organization. The WHO has declared April 25 as World Malaria Day. 

Most of those affected are children under 5 and pregnant women. 

New approaches needed

Kenya continues to combat malaria with traditional methods such as distributing bed nets that are treated with insecticides, spraying breeding areas, and promoting early diagnosis and treatment, but experts say progress against the disease with those approaches has plateaued. 

Public health expert Dr. Willis Akhwale, special adviser for the Kenya End Malaria Council, said the COVID-19 pandemic slowed the distribution of drugs and treatment. 

He said innovative treatment methods are needed in the wake of drug-resistant cases reported in parts of Africa. 

“We need to start looking at investments in new-generation medicines. That should then be able to counter any resistance in [the] foreseeable future,” he said. 

Akhwale said other needs include more funding and logistical support. 

“In Kenya, the shortfall in terms of the need is almost $52 million, so we need to close that gap,” he said, citing health ministry data. He recommended domestic funding and private sector support amid donor fatigue with crises around the world. 

Wilson Otieno has been admitted to a hospital three times for malaria and has received outpatient treatment countless times. It’s expensive for the 33-year-old accountant and father in the lakeside city of Kisumu. 

Malaria is never “pocket friendly,” he said. 

Some progress has been made with local manufacturing of crucial medication. 

The Kenya-based Universal Corporation Limited last year received the WHO’s approval to produce an antimalarial drug known as Spaq, a combination of sulfadoxine-pyrimethamine plus amodiaquine. 

The approval was an important step in Africa’s capacity to make lifesaving medications, a new focus for governments and public health officials after vulnerabilities were exposed by the COVID-19 pandemic. Africa relies heavily on drug imports. 

“It will really help in lowering the dependency for imports as we saw during the COVID era, where whatever was being imported actually had huge supply disruptions,” said Palu Dhanani, the founder and managing director of UCL. 

If you don’t get the right medicine at the right time, malaria can cause unnecessary deaths, Dhanani said. 
…

Paris, France — World wine production dropped 10 percent last year, the biggest fall in more than six decades, because of “extreme” climate changes, the body that monitors the trade said Thursday.  

“Extreme environmental conditions” including droughts, fires and other problems with climate were mostly to blame for the drastic fall, said the International Organization of Vine and Wine, or OIV, that covers nearly 50 wine-producing countries.  

Australia and Italy suffered the worst, with 26 and 23 percent drops. Spain lost more than a fifth of its production. Harvests in Chile and South Africa were down by more than 10 percent. 

The OIV said the global grape harvest was the worst since 1961, and worse even than its early estimates in November. 

In further bad news for winemakers, customers drank 3 percent less wine in 2023, the French-based intergovernmental body said.  

Director John Barker highlighted “drought, extreme heat and fires, as well as heavy rain causing flooding and fungal diseases across major northern and southern hemisphere wine-producing regions.” 

Although he said climate problems were not solely to blame for the drastic fall, “The most important challenge that the sector faces is climate change.  

“We know that the grapevine, as a long-lived plant cultivated in often vulnerable areas, is strongly affected by climate change,” he added.  

France bucked the falling harvest trend, with a 4 percent rise, making it by far the world’s biggest wine producer.

Less wine being drunk

Wine consumption last year was, however, at its lowest level since 1996, confirming a fall off over the last five years, according to the figures.  

The trend is partly due to price increases caused by inflation and a sharp fall in wine drinking in China — down a quarter — due to its economic slowdown. 

The Portuguese, French and Italians remain the world’s biggest wine drinkers per capita. 

Barker said the underlying decrease in consumption is being “driven by demographic and lifestyle changes. But given the very complicated influences on global demand at the moment,” it is difficult to know whether the fall will continue. 

 “What is clear is that inflation is the dominant factor affecting demand in 2023,” he said. 

Land given over to growing grapes to eat or for wine fell for the third consecutive year to 7.2 million hectares.  

But India became one of the global top 10 grape producers for the first time with a 3 percent rise in the size of its vineyards.  

France, however, has been pruning its vineyards back slightly, with its government paying winemakers to pull up vines or to distill their grapes.  

The collapse of the Italian harvest to its lowest level since 1950 does not necessarily mean there will be a similar contraction there, said Barker.  

Between floods and hailstones, and damp weather causing mildew in the center and south of the country, the fall was “clearly linked to meteorological conditions,” he said.
…

WASHINGTON — U.S. President Joe Biden was in Syracuse, New York, Thursday to tout a deal to provide memory chip maker Micron Technology with $6.1 billion in federal grants to support the firm in building factories in the states of New York and Idaho.

“We’re bringing advanced chip manufacturing back to America after 40 years,” Biden said Thursday. He said the funding, paired with a $125 billion investment from Micron, represents the “single biggest private investment ever in history of these two states.”

The investment will support the construction of two plants in Clay, a suburb of Syracuse, New York, and one in Boise, Idaho. The grant will unleash “$50 billion in private investment by 2030 as the first step towards Micron’s investment of up to $125 billion across both states over the next two decades,” the White House said in a statement.

The deal was announced last week by Senate Majority Leader Chuck Schumer, a Democrat from New York, who personally lobbied Micron to invest in his state. It’s the latest in a series of awards given by the administration, intended to shore up domestic production of advanced semiconductors using funds from the CHIPS and Science Act of 2022. The aim is to boost domestic manufacturing and reduce reliance on chip supplies from China and Taiwan.

This investment will “supercharge Micron to build the most advanced memory chip factory in the world, Schumer said Thursday. “America’s future will be built in Syracuse, not in Shanghai.”

The administration recently awarded Samsung, Taiwan Semiconductor, Intel, GlobalFoundries, Microchip Technology, and BAE Systems, more than $29 billion in federal grants for chipmaking investments. It’s part of an effort to catch up in the global semiconductor manufacturing race currently dominated by China, Taiwan and South Korea.

The U.S. share of global semiconductor manufacturing capacity has decreased from 37% in 1990 to 12% today, largely because other governments have offered manufacturing incentives and invested in research to strengthen domestic chipmaking capabilities, according to the Semiconductor Industry Association.

To address such stiff foreign competition, the $280 billion bipartisan CHIPS and Science Act offers $52 billion in incentives for domestic semiconductor production and research, as well as an investment tax credit for semiconductor manufacturing.

Manufacturing revival

The announcements are part of the economic vision the president is offering to voters in his re-election bid – that he is working to create a manufacturing revival in the country, including in Republican-controlled districts such as where the Micron plant will be located.

“Micron’s total investment will be the largest private investment in New York and Idaho’s history, and will create over 70,000 jobs, including 20,000 direct construction and manufacturing jobs and tens of thousands of indirect jobs,” the White House said.

Ahead of the November presidential election, Biden’s strategy appears to be to announce investments in manufacturing facilities in Georgia, Idaho, North Carolina and Ohio, states where Democrats lack a strong foothold.

It is not clear whether the approach will succeed as voters will not immediately feel the effects. The initial phase of the Micron project, for example, would see the first plant opened in 2028 and the second in 2029.

Meanwhile, voters are concerned about high inflation, and dislike Biden’s economic job performance. A recent Reuters/Ipsos poll shows 34% of respondents approving of Biden’s approach on the economy, compared to 41% who favor the approach of former president Donald Trump, the presumptive Republican nominee.

Still, Biden’s trip to New York is an opportunity for him to celebrate another victory following a string of good news for the president. On Wednesday, he secured the endorsement of the North America’s Building Trades Unions and signed a $95.3 billion aid package for Ukraine, Israel and Taiwan after months of congressional gridlock.

Paris Huang contributed to this report.
…

washington — The U.S. Federal Communications Commission voted 3-2 on Thursday to reinstate landmark net neutrality rules and reassume regulatory oversight of broadband internet rescinded under former President Donald Trump. 

The commission voted along party lines to finalize a proposal first advanced in October to reinstate open internet rules adopted in 2015 and re-establish the commission’s broadband authority. 

FCC Chairwoman Jessica Rosenworcel said the agency “believes every consumer deserves internet access that is fast, open, and fair.” 

“The last FCC threw this authority away and decided broadband needed no supervision,” she said. 

Net neutrality refers to the principle that internet service providers should enable access to all content and applications regardless of the source, and without favoring or blocking particular products or websites. 

The FCC said it was also using its authority to order the U.S. units of China Telecom, China Unicom and China Mobile to discontinue broadband internet access services in the United States.  

Rosenworcel noted the FCC has taken similar actions against Chinese telecom companies in the past using existing authority. 

Reinstating the net neutrality rules has been a priority for President Joe Biden, who signed a July 2021 executive order encouraging the FCC to reinstate net neutrality rules adopted under Democratic President Barack Obama. 

Democrats were stymied for nearly three years because they did not take majority control of the five-member FCC until October. 

Under Trump, the FCC had argued the net neutrality rules were unnecessary, blocked innovation and resulted in a decline in network investment by internet service providers, a contention disputed by Democrats. 

The U.S. Chamber of Commerce criticized the FCC action saying it was “imposing a flawed, pre-television era regulatory structure on broadband” and “will only deter the investments and innovation necessary to connect all Americans.” 

Public interest group Free Press said the vote is a “major victory for the public interest” saying it “empowers the FCC to hold companies like AT&T, Comcast, Spectrum and Verizon accountable for a wide range of harms to internet users across the United States.” 

A group of Republican lawmakers, including House Energy and Commerce Committee Chair Cathy McMorris Rodgers and Senator Ted Cruz, called the plan “an illegal power grab that would expose the broadband industry to an oppressive regulatory regime” giving the agency and states power to impose rate regulation, unbundle obligations and tax broadband internet providers. 

Democrats on the FCC say they will not set rate regulations. 

The Computer & Communications Industry Association, whose members include Amazon.com, Apple, Alphabet and Meta Platforms, back net neutrality, arguing the rules “must be reinstated to preserve open access to the internet.” 

USTelecom, whose members include AT&T, Verizon and others, called reinstating net neutrality “entirely counterproductive, unnecessary, and an anti-consumer regulatory distraction.” 

Despite the 2017 decision to withdraw the requirement at the federal level, a dozen states now have net neutrality laws or regulations in place. Industry groups abandoned legal challenges to those state requirements in May 2022. 
…