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Ed Webb

Can debt relief save the Red Sea's coral reefs? - 0 views

www.newarab.com/...lief-save-red-seas-coral-reefs

COP Egypt Tunisia Jordan environment climate debt analysis opinion Belize

shared by Ed Webb on 20 Dec 22 - No Cached
  • despite contributing little to greenhouse gas emissions, debt-laden developing countries appear likely to suffer the costliest effects of global warming.
  • A landmark deal in Belize may provide a path for the Arab world’s poorest countries to tackle these vexing challenges in tandem, combining debt relief with climate change mitigation. The Nature Conservancy, an environmental organisation with global reach, helped Belize obtain over $350 million to service its government debt in exchange for the Central American country dedicating more resources to environmental protection and marine conservation.
  • Beyond the significance of a developing country receiving debt relief for toughening environmental policies, Belize oversees a series of coral reefs whose preservation the Nature Conservancy coded into the historic agreement. Arab countries such as COP27 host Egypt likewise have a number of coral reefs, among them species that have demonstrated impressive resilience against global warming.
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  • A 2019 study found that climate change could cost Egypt as much as 95 percent of its revenue from tourism to the coral reefs, so world powers will likely have to come up with millions or even billions of dollars more. Egypt hardly finds itself alone. In the first half of 2022, the government debt of Jordan—home to its own prized set of coral reefs in the Gulf of Aqaba—reached $41 billion, 88.4 percent of the kingdom’s gross domestic product. Meanwhile, in Tunisia, coral reefs near the resort destination of Tabarka appear set to suffer as climate change batters the country and the Tunisian economy falters, depriving authorities of the funds necessary to fund marine conservation.
  • saving Egypt’s coral reefs will require greater action, likely from world powers
  • pairing debt relief with marine conservation, as well as more general measures for environmental protection and climate change mitigation, a boon for Egypt, Jordan, Tunisia, and other coral-rich countries in the Arab world
Ed Webb

A declaration from North Africa: food sovereignty is a right | openDemocracy - 0 views

www.opendemocracy.net/...aration-from-north-africa-food

MENA northafrica agriculture food environment economy IMF IBRD worldbank WTO activism

shared by Ed Webb on 05 Jan 18 - No Cached
  • On December 15, 16 and 17, 2017, ATTAC Morocco, a member of the global network for the abolition of illegitimate debts (CADTM), organised a Maghreb seminar on free trade agreements, agriculture and food sovereignty under the slogan: No to colonial agreements, for the defence of people's sovereign right on their agricultural, food and environmental systems. The seminar was held in Agadir, Morocco with the participation of activists coming from Egypt, Tunisia, Algeria and Morocco.
  • trade agreements have deepened the control of multinational companies on agriculture and maritime fishing, exacerbated food speculation, and destroyed subsistence agricultural and fishing systems. Moreover, they accelerated the unlimited quest for the promotion of genetically modified seeds and the generalisation of the export-oriented agriculture and fishing industry. In the global south, International Financial Institutions (IFIs) are pursuing neoliberal policies that further deregulate, open borders to the invasion of foreign capital and subsidised products and ensure the transfer of profits and wealth. These neoliberal dictates are leading to an increase in public debt at the expense of the popular classes who shoulder the burden of austerity policies
  • affirm our support for people's food sovereignty and their right to determine their own food system, a system that ensures the production of healthy food in sufficient quantity while protecting nature and remaining in harmony with it
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  • Food sovereignty is the antithesis of the productivist capitalist food system, which is responsible for the destruction of natural resources and a climate chaos that threatens the lives of millions of people. It is peasant agriculture and subsistence fishing that feed humanity and preserve the environment, rather than the intensive, industrial, commercial and chemical agriculture promoted by capitalism.
  • resources for this purpose must be provided through the suspension of debt service payments and through the cancellation of illegitimate public debts
  • we are planning on organising campaigns of denunciation, raising awareness and initiatives in order to encourage common struggles and establish forms of coordination and solidarity with movements sharing the same objectives
  • collective struggle against free trade agreements, fisheries agreements and the World Trade Organization, as well as against the International Monetary Fund and the World Bank, which enslave people through the debt system
  • initiation and promotion of experiments in popular farming systems that aim at breaking free from food dependence
  • Broadening international solidarity in order to stop the growing repression against popular mobilizations (peasants, fishermen, indigenous, and agricultural workers, etc.) and to organize and protect their lives, their lands, their environment and their food traditions.
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