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09:39Last update on: 13 Aug 2013
The Namibian
Tue 13 Aug 2013
SMS Of The Day * THIS nation is in dire need of a massive conference on housing. When we experienced a crisis in the education sector a crisis-control brain-storming conference was organised which resulted in the best deal ever for the Namibian child, nam Food For Thought * BOURGEOISIE has become a daily occupation if not the order of the day of the upper-echelons, President Hifikepunye Pohamba we urge you to revisit this unpatriotic geocentricism among your staff and the well-connected, for everybody to r Bouquets And Brickbats * COMMISSIONER of Prisons, can you please explain the strategies you use to appoint officers to certain positions? It is my observation that you are being fed with wrong information then you just promote individuals without making p SMS Of The Day * I THINK Paulus ‘The Rock’ Ambunda lost his belt because of this promoter and trainer. How can a world champion still be training at the Katutura Youth Complex where there is not enough equipment. I think they must follow the example of Ha Food For Thought * NAMIBIA Dairies are unable to match low prices of imported milk and this ultimately means the consumer will have to pay more for local milk. Look at the prices of the local chicken. All these profits are going in the pockets of a few in Bouquets And Brickbats * I AM pleased to hear that Cabinet has responded positively to the proposal of Namibia Dairies to support the industry. The restrictions which support the industry by reducing competition to ensure the survival of the industry is a SMS Of The Day * CEO’s golden handshakes. Somewhere on our statute books there must be a provision that if a board of directors suspends/dismisses a CEO without due regard to legal provision (substantive/procedural law) such board must carry the costs for Food For Thought * JACKY Asheeke was so right with her last column- why are the fathers of the dead children not being prosecuted? (Reference to the children who died in shack fires last week) Our justice system still protects men over women. In this cont Bouquets And Brickbats * ALEXACTUS Kaure, your column in Friday’s newspaper opened my eyes. One hardly finds impartial case study analysers in Namibia. Let’s not destroy the Polytechnic’s strong foundation (Tjivikua) as yet. At least wait until the transf SMS Of The Day * WHY doesn’t NBC listen when they are criticised? The little red chairs on Good Morning Namibia have done their part and are dirty especially at the arm rests. Please listen for once. You interview professionals and internationals on those Food For Thought * MINISTRY of Education, in order to address the shortages of teachers at primary schools why don’t you consider employing us who hold a diploma in lifelong learning and community education for teaching posts? We also did health education Bouquets And Brickbats * MY fellow Namibians, I am not a Swapo member but a third term for President Hifikepuye Pohamba will be a step closer towards attainment of Vision 2030. Believe me His Excellency has made crucial bold decisions, and I don’t regret
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BUSINESS - ECONOMY
| 2013-07-24
EU to decide on curbing loans to coal plants
LONDON/WASHINGTON – The EU’s main lending arm, the European Investment Bank, was yesterday expected to decide whether to stop financing coal-fired power stations to help the 28 nation bloc reduce pollution and meet its climate targets.
Directors of the EIB, who are nominated by member states, will make a decision following moves by other multilateral lenders such as the Washington headquartered World Bank to fund coal-fired power stations only in “rare circumstances.”
Since the start of 2007, the EIB has loaned around 11 billion euros (US$14,5 billion) to fossil fuel-fired plants, most of it to gas rather than coal, out of its total lending for power of 83 billion euros.
A decision to end EIB financing of coal power in Europe could influence other lenders as well, Ingrid Holmes of think-tank E3G said.
“If the EIB votes in favour of tougher lending criteria for coal-fired power stations, it is a very clear message that coal has a limited shelf life in Europe. But in developing countries the message is much less clear cut,” she said.
US President Barack Obama said earlier this month that financing to coal-fired power should be curbed to all but the world’s poorest countries.
The EIB is proposing that new fossil-fuelled power plants would have to emit 550 grams of carbon dioxide per kilowatt hour, which would effectively rule out new hard coal and lignite power plants but would enable some new plants to burn the fossil fuel if they mix it with biomass. – Nampa-Reuters
Directors of the EIB, who are nominated by member states, will make a decision following moves by other multilateral lenders such as the Washington headquartered World Bank to fund coal-fired power stations only in “rare circumstances.”
Since the start of 2007, the EIB has loaned around 11 billion euros (US$14,5 billion) to fossil fuel-fired plants, most of it to gas rather than coal, out of its total lending for power of 83 billion euros.
A decision to end EIB financing of coal power in Europe could influence other lenders as well, Ingrid Holmes of think-tank E3G said.
“If the EIB votes in favour of tougher lending criteria for coal-fired power stations, it is a very clear message that coal has a limited shelf life in Europe. But in developing countries the message is much less clear cut,” she said.
US President Barack Obama said earlier this month that financing to coal-fired power should be curbed to all but the world’s poorest countries.
The EIB is proposing that new fossil-fuelled power plants would have to emit 550 grams of carbon dioxide per kilowatt hour, which would effectively rule out new hard coal and lignite power plants but would enable some new plants to burn the fossil fuel if they mix it with biomass. – Nampa-Reuters
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