Latest news with #Belem
South China Morning Post
5 days ago
- Business
- South China Morning Post
Brics approves climate finance framework, crafting a joint position for the first time
The Brics economic bloc approved its first joint climate finance framework on Thursday, the group's most coordinated effort to date on funding climate action and setting the stage for a shared position – a first for the group – ahead of Cop30 in Brazil. The nonbinding framework – agreed during a high-level meeting on climate change and sustainable development – outlines Brics priorities including the reform of multilateral development banks, the scaling up of concessional finance and the mobilising of private capital to support climate efforts in the Global South. The document will be submitted to Brics heads of state at their July meeting. Cop30, the 30th session of the Conference of the Parties, the latest United Nations climate change summit, is scheduled for November in Belem, Brazil. 'For the first time, there will be a document that guides a common and collective Brics action in the area of climate finance – involving, for example, reforms of multilateral banks, more concessional finance, and also the mobilisation of private capital and regulatory matters to ensure that flows can reach developing countries,' said Tatiana Rosito, the international affairs secretary at Brazil's finance ministry. In a statement, the Brazilian presidency said that the bloc's latest climate effort reflected a shift from defensive posturing to proactive coordination in international negotiations. Although this marks Brics' first formal initiative as a negotiations bloc on climate finance, its core members – Brazil, Russia, India, China and South Africa – have coordinated informally for years.
Forbes
27-05-2025
- General
- Forbes
Carlo Ancelotti Drops Neymar From His First Brazil National Team Squad
BELEM, BRAZIL - SEPTEMBER 08: Neymar Jr. of Brazil celebrates after scoring the fourth goal of his ... More team during a FIFA World Cup 2026 Qualifier match between Brazil and Bolivia at Mangueirao on September 08, 2023 in Belem, Brazil. On Monday Carlo Ancelotti confirmed his final Brazil squad for the upcoming June international break and Neymar is not on the list. Santos superstar Neymar has just returned to club action but he will have to wait for a return to the national team. Despite being named in Carlo Ancelotti's provisional Brazil squad just last week, he has been dropped from the final list of names. Asked about this during his first press conference as new Brazil boss, Ancelotti explained that Neymar is still a big part of his plans, but that this wasn't the time to bring him back into the international frame. Neymar has been injured more than he has played football since returning to Santos early this year, and since his latest hamstring injury he has only managed two appearances for his boyhood club. On a day where he also confirmed his plans to live in Brazil; Ancelotti explained to news reporters that he had enjoyed a phone call with Neymar that very morning. The legendary Italian manager then reassured the public that Neymar is definitely a player he wants to bring to the FIFA 2026 World Cup, but that at the present moment it is best if the attacking midfielder continues recovering from his recent injury. Ancelotti explained that there is no rush for him to return to the pitch and suggested that Neymar agreed with that on their call. 26 May 2025, Brazil, Rio de Janeiro: Carlo Ancelotti speaks at his presentation as the new coach of ... More the Brazilian national soccer team. Photo: Joao Gabriel Alves/dpa After recurring injuries Ancelotti is wise to ease pressure on a Neymar return. Plus, the whole world knows of his quality. Ancelotti can use the extra space in his squad to try out new players and those who he didn't encounter in Europe as regularly as Neymar when he coached the likes of Real Madrid. The final squad includes players from six different leagues. Seven each from the Premier League and the Brazilian Série A. Five from the French top flight, three from La Liga in Spain and two from the Italian top division. There is also room for one player from the Saudi Pro League in Ancelotti's first Brazil squad. The June window could be huge for players like Antony, Casemiro and Richarlison. They are talented footballers who have had their ups and downs domestically over the last couple of years, but Ancelotti wants to give them a chance, and Antony of course has been in fine form for club side Real Betis as of late. Five Flamengo players also make the cut as the Rio de Janeiro giants are represented more than any other team in the squad. The likes of Rodrygo from Real Madrid and Gabriel of Arsenal miss out with injuries, but Raphina, Vinicus Junior and others ensure that this is still a group filled with star quality. Carlo Ancelotti will manage Brazil for the first time on Thursday, June 5th when they travel to Ecuador. Brazil then hosts Paraguay in São Paulo in another FIFA 2026 World Cup qualifier a few days later. Let's not forget that last time out Brazil was humbled by Argentina and fans are impatient with the current squad. This international break is a huge opportunity for everyone in the team to make a good first impression on incoming coach Carlo Ancelotti, and for the coach himself to calm the nerves of anxious Brazilian fans. RIO DE JANEIRO, BRAZIL - MAY 26: Italian coach Carlo Ancelotti is presented as the new head coach of ... More the Brazil national team by the Brazilian Football Confederation (CBF) and holds his first press conference at a hotel in the West Zone of Rio de Janeiro.
Arab News
26-05-2025
- Politics
- Arab News
Saudi energy minister meets COP30 president-designate in Riyadh
RIYADH: Saudi Minister of Energy Prince Abdulaziz bin Salman met with COP30 President-designate Andre Correa do Lago in Riyadh on Sunday. The two officials discussed cooperation on climate action and reaffirmed their commitment to advancing the goals of the UN Framework Convention on Climate Change and the Paris Agreement, the Saudi Press Agency reported. Their talks emphasize the importance of inclusive and balanced outcomes that consider national circumstances. The meeting also reviewed Saudi Arabia's climate initiatives, including its efforts to expand renewable energy and to manage, reduce and remove emissions through the Saudi Green and Middle East Green initiatives. Prince Abdulaziz highlighted the Kingdom's adoption of the circular carbon economy framework and other national and regional programs to address climate change. COP30 is scheduled to take place in November in Belem, Brazil.
The Sun
23-05-2025
- The Sun
The European city that feels like an outdoor art gallery with ‘rollercoaster' trams and riverfront rooftop bars
THE mark of a good trip for me is the answer to the question: Would you go back? And after spending a mere 24 hours in Lisbon two years ago, I've been desperate to return. 5 5 On our first trip we barely scratched the surface of the city but we ticked off some of the star attractions, like St Jorge's Castle and the neo-gothic Santa Justa elevator, which whisks you vertically from the lower streets to those above. This time, bearing a Lisboa card, which gives access to 51 museums and galleries, my husband and I were keen to see more. Our fab hotel, the Hyatt Regency Lisbon, was based in the Belem area so we started exploring there after visiting Pasteis de Belem for one of the city's famous pastéis de nata. Forget the cold, stodgy British custard tart, this is something else. A light, creamy filling in a sticky filo pastry case, best warm, straight from the oven. This patisserie is the home of the original tart, based on a secret recipe from nearby Jerónimos monastery, and has been churning out millions of them since 1837. It's a short walk from there to the 16th century Belem Tower. The Unesco heritage site is stunning architecturally and historically but wait times can hit the two-hour mark. The incredible structure seems to float on water when the tide is up. Green wine Also in the neighbourhood is the Monument to the Discoveries, which towers over the Tagus River in honour of famous explorers like Vasco da Gama and Ferdinand Magellan. See that too before taking the 15-minute tram ride back to the city centre. We alighted at the bustling Praca do Comercio square and found ourselves outside the oddly named Interpretative Centre of the History of Cod. As it was included on the Lisboa card, we decided to take a look. It's actually an informative and amusing museum dedicated to the city's intrepid trawlermen. And that gave us an idea for lunch. Many top chefs have stalls in the Time Out Market in Cais do Sodré, so you can try their top-notch food at a fraction of restaurant prices. I had a huge, steaming bowl of feijoada de gambas (prawn bean stew) from acclaimed chef Susana Felicidade for just £13.50 and my husband had a cod sandwich, which he declared the best ever. We toasted those brave fishermen with a glass of Portuguese vinho verde. It translates as green wine but refers to the young age of the grapes, not the colour of the drink. It's slightly effervescent and lower in both alcohol and price. Refreshed and refuelled, we spent an hour or so wandering the streets and ended up at the Tile Museum. The blue and white tiles that decorate many of the city's buildings are so beautiful, this is more art gallery than museum. Don't miss the panorama made of hundreds of tiles on the top floor. Our next excursion was a trip on Tram 28. Lisbon is famously hilly but has a network of trams, buses and funiculars to whizz you up and down the inclines. Tram 28 follows a 7km route up, down and round the city streets, like an urban rollercoaster. It still uses the original 1930s yellow carriages and gets very busy, so join at either end of the line and stand at the back for the full teeth-rattling experience. 5 5 There are three funiculars too. We took the supremely instagrammable Bica funicular, which hauled us to the top of the street in the time you can say 'shall we take a selfie?' Having done our exploring for the day, we got back to the hotel in time for Gin O'Clock, a tasting session that pairs infused drinks with gourmet snacks. Who knew beef tartare and caviar went with juniper and grapefruit gin? Later we ate at the hotel's Viseversa restaurant, dining on more local fish, this time delicious turbot and sea bream. Then there was one last treat, a nightcap at the Icon rooftop bar. Judging by the amount of instagramming going on, it's the place to go for a drink. We sipped espresso martinis as a DJ played and night fell over the river. Best of all, we only had to jump in the lift to get back to our incredibly luxurious room. The next morning, with only a few hours before our flight, we had a leisurely breakfast and some time in the Serenity Spa. My husband relaxed in the pool, Jacuzzi and steam room while I was treated to a Feel The Algarve massage — 80 minutes of blissful indulgence. We left feeling like VIPs. So I guess the question is: Would we go back a third time? The answer: Yes, without doubt. I'd gladly take another helping of pastel de nata, and of the city itself.
Zawya
12-05-2025
- Business
- Zawya
Turkey to raise more ESG bonds
Turkey will resume ESG bond issuance this year as the country prepares for the UN-sponsored COP30 meeting in Belem, Brazil, in November, according to a senior minister. Turkey is working on defining its nationally determined contributions – climate action plans that every country must submit before COP30 that are part of the Paris Agreement on climate change. The country has made significant progress in the past 12 months, passing its first climate law in March to establish a Turkish green taxonomy and emissions trading system, after setting ambitious interim targets in October's 2035 Renewable Energy Roadmap. 'Subject to market conditions, our ministry is also planning to issue new ESG-labelled bonds in international markets in 2025,' Osman Celik, deputy minister of treasury and finance said on a panel at the Asian Development Bank meeting on May 4–7 in Milan. Turkey made its green bond debut in April 2023 with a US$2.5bn, seven-year bond with a 9.125% coupon that was more than three times subscribed. Bank of America, ING, JP Morgan and Standard Chartered led the deal, which was issued under the country's 2021 sustainable finance framework. Celik told IFR on May 5 on the sidelines of the ADB meeting that the ESG label had not yet been determined for the new issue and will be detailed in upcoming legislation. Slovenia is planning to issue a sustainability-linked bond to finance its NDCs for COP30 and is waiting for favourable market conditions to become the first European sovereign to issue an SLB after publishing a framework in late March. However, Turkey's increasing focus on renewable energy and development of a green taxonomy aligned with European standards could point to another green bond. Going green Turkey is aiming to reach 120GW of wind and solar power by 2035 that will nearly quadruple its renewable capacity and develop 5GW of offshore wind capacity and a hydrogen value chain with 5GW of electrolyser capacity in the same timeframe, as well as other measures including grid updates and adding battery storage. The Renewable Energy Roadmap is expected to require investment of around US$108bn, comprising US$80bn for capacity expansion and US$28bn for grid upgrades to help Turkey reach its goal of net-zero emissions by 2053. The National Energy Plan aims to increase the share of renewable energy within the total installed electricity capacity from 54% to 64.7% by 2035. Celik said that the national green taxonomy would be aligned with EU standards 'to invite private sector sustainable investments'. Turkey's taxonomy will also be harmonised with the EU's Green Deal, which sets the long-term vision and policy framework, and the EU's Fit for 55 package, which aims to cut emissions by 55% by 2030. Turkey created its own Green Deal Action Plan in November 2021. It will also work with the EU's Carbon Border Adjustment Mechanism, which will come into full effect from January and penalise carbon-intensive imports. The world's first carbon tariff is in a transitional phase after coming into force in May 2023. Turkey launched a programme in late November backed by the EBRD to mitigate the effects of CBAM on Turkish exporters. Turkiye Industrial Decarbonisation Investment Platform aims to deploy US$5bn in investments by 2030. Celik said that Turkey will also continue to work with multilateral development banks including the World Bank, European Bank for Reconstruction and Development, Asian Infrastructure Investment Bank and other financial institutions such as Germany's KfW and commercial banks and has signed US$6.2bn in energy-related loan agreements in the past five years. Turkey is the newest ADB regional member which will give it access to the bank's financial resources, technical assistance and capacity building and signed a non-sovereign operations framework in Milan that allows ADB to support Turkey's private sector development and drive economic growth.
