China attacks rich states at summit

China has lashed out at the developed world's largest emitters of greenhouse gases for setting themselves what it called unremarkable and even deceptive targets for cuts.

After weeks of low-key diplomacy, with China pushing hard for a strong commitment from developed countries at the international climate talks in Copenhagen, Su Wei, the head of the Chinese delegation, singled out the US, the EU and Japan for criticism.

Speaking at a news conference on the sidelines of the summit, Su said the US, the second largest emitter, had set a goal that was "not notable", the EU's target was "not enough", and Japan had set impossible preconditions on its commitment.

Last month, China announced a 45 per cent cut in "carbon intensity" by 2020, the first time it set specific targets for cutting carbon emissions and a move Beijing sees as sacrificial and worthy of reciprocation by developed nations.

Carbon intensity does not measure the actual amount of greenhouse gas emissions; it shows the amount emitted relative to its economic output, such as manufacturing and services, in effect measuring the efficiency of energy use.

China, the world's biggest emitter of greenhouse gases, has rarely given news conferences at previous climate talks and the possibility that Beijing and Washington were close to an agreement rose last month when they unveiled emissions targets within a day of each other.

Developing world anger

But two days into the December 7-18 talks in the Danish capital, long-running north-south rifts have dampened hopes of reaching a robust global agreement among the 192 nations represented at the summit.

Su's remarks came on the same day that a draft Danish proposal for a political agreement caused an uproar at the summit, overshadowing a decision by the US, announced just hours earlier, to treat six greenhouse gases as a human health hazard.

Environmentalists had hailed the US announcement on Monday and welcomed the timing, saying that allowing Barack Obama to sidestep congress to order emission cuts would help the US president convince Copenhagen delegates the US was serious about addressing climate change.

But just hours later, developing nations were expressing anger over the Danish draft that was circulated informally.
If accurate, the proposal would see more power handed to rich nations, the negotiating role of the UN sidelined and the Kyoto protocol abandoned.

The head of the G77 group of developing countries said on Tuesday that the draft proposal "threatens the success" of the summit.

Sudan's Lumumba Stanislas Dia Ping, who heads the G77 group, said members "will not sign an inequitable deal".

"We can't accept a deal that condemns 80 per cent of the world population to further suffering and injustice," he added.

Su said it was "unfair" to set a limit on nations that were still developing when emissions of developed countries were still going up.

'Not enough for coffin'

He also said a mooted annual $10bn financial help from rich nations to developing ones as a drop in the ocean.

"If divided by the world population it is less than $2 per person," he said, adding that this would not cover a coffee in the rich world or a coffin in poor countries that are at the sharp end of climate changes.

Su said that the success of the Copenhagen talks hinged in part on the offer brought to the table by the US, but dismissed the target for 2020 that Obama has laid out, criticising Washington for failing to rein in its emissions, unlike other developed nations.

"Currently the target is to reduce emissions 17 per cent from the 2005 level, I think for all of us this figure cannot be regarded as remarkable or notable," he said.

Su said all the rich nation targets broadly fell short of the emissions cuts recommended by a UN panel of scientists.

The panel has said reductions of 25 to 40 per cent below 1990 levels by 2020 were needed to avoid the worst effects of global warming.

He called a unilateral EU cut of 20 per cent insufficient, and even a sharper 30 per cent cut - which the bloc has said it may shift to depending on other cuts - was still too easy.

Su also attacked the new government in Japan for setting "impossible" conditions on its offer of a 25 per cent cut by 2020, which was a considerable increase on the goal set by the previous administration.

Japan, the world's fifth largest emitter, has said its commitment depends on ambitious targets being agreed to by major emitters.

Su said the demands on poor nations violated international agreements that allowed them to put economic growth first, and the demands on the US were unrealistic given its clear stance on climate change.

"The Japanese have actually made no commitment because they have set an impossible precondition," he said.
Source: Agencies

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Leaked climate draft sparks anger

The climate change conference in Copenhagen is barely under way and already a leaked draft agreement is pitting developing nations against their wealthier counterparts.

If the documents are accurate, the proposal would see more power in the hands of rich nations, the UN's negotiating role sidelined and the Kyoto Protocol abandoned.

Developing nations are furious and say they will not sign on to an inequitable deal that they argue would limit their economic growth.

Source: Al Jazeera

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Malaysia keen to enhance Islamic finance sector: Zeti

Malaysia has shortlisted two foreign banks to be licensed as mega-Islamic banks with a minimum capital of $1 billion each. At the same time the country currently has 14 wholly-owned foreign banks (both conventional and Islamic) and may give another five banking licenses by 2012. Zeti Akhtar Aziz, governor of Bank Negara Malaysia, the central bank, confirmed that the applications for the two mega-Islamic banks are still being processed and an announcement to this effect would be made by the end the first half of 2010.

The government of Prime Minister Najib Razak introduced new financial sector liberalization measures in April this year under which Bank Negara Malaysia would issue up to two new Islamic banking licenses in 2009 under the Islamic Banking Act 1983 to world class foreign players to establish new Islamic banks which would be 100 percent foreign owned and with a minimum paid-up capital of at least $1 billion; and up to two new family Takaful (Islamic insurance) licenses to players that could spur the development of the Malaysian Takaful industry. However, foreign investment in domestic banks remains restricted at a ceiling of 30 percent.

"We have liberalized other sectors such as insurance, Takaful and investment banking even more aggressively. One of the reasons why we have retained the 30 percent ceiling for foreign stakes in domestic banks is that we wish to have a strong core domestic banking sector. We want balanced growth in the financial services sector. Under our financial inclusion policy, we would like every part of the country to have access to banking products and services, because we see this as a catalyst for economic development. Fortunately, in Malaysia income disparity is not so great. In fact, the World Bank in a recent survey has ranked Malaysia No. 1 for financial inclusion," explained Zeti.

Bankers in Kuala Lumpur stress that foreign banks have done very well in Malaysia over the last decade, repatriating massive profits as evidenced in the country's balance of payments. Indeed Bank Negara Malaysia is now allowing foreign banks, including Islamic banks, to open eight additional new branches on top of the number originally agreed. These are conditional on the banks opening four in urban areas and four in non-urban areas. In addition, the central bank is also allowing these banks to open a further 10 microfinance branches.

The governor stressed that Malaysia is keen to enhance the international dimension of Islamic finance through linkages not only with the international financial centers, but also with those in the emerging countries of the Middle East, Africa, Central Asia and even Latin America. "It is in the latter areas we believe that economic recovery will be the fastest. Bilateral trade is still important, but we also need strategic alliances and Islamic finance can play an important role in this respect. Financial institutions all over the world can participate in this process," she added.

The inherent features of Islamic finance also contribute to financial stability, and Malaysia is involved with the strengthening of the Islamic finance architecture to ensure the stability and resilience of the industry. Zeti ruled out capital controls and other such measures to contain the impact of the current financial crisis stressing that the Malaysian financial system is far more developed and less volatile than during the Asian financial crisis in 1998 and can adjust to the current crisis much better.

Gov. Zeti revealed that uptake of the guarantees introduced by the government of Prime Minister Razak in April 2009 has been limited in the Malaysian sukuk market. The RM15 billion of guarantees was part of the RM60 billion economic and financial stimulus package announced in April by the Malaysian government to the financial sector, which bankers stress has playing a key role in boosting confidence in the sukuk market and leading its recovery. Under the RM60 billion stimulus package, Kuala Lumpur hoped to stimulate the Islamic and conventional capital markets, especially the sukuk market, through the establishment of a financial guarantee institution to provide credit enhancement to companies that raise funds from the bond market including the sukuk market. Malaysia is the largest Islamic capital market in the world. Islamic bonds accounted for some 58 percent of total issuances in the market in 2008. "The guarantees were a pre-emptive measure. The fact that it has not been accessed much by the sukuk market is a sign of success of the market. The less it is used means that originators are going directly to the market without recourse to the guarantees. Where the guarantees have been utilized much more is in the SME (small-and-medium-enterprise) sector," explained Zeti.

She defended the Malaysian government plans to introduce a tax on credit card transactions -- whether conventional or Islamic credit cards. "The aim of the tax is to make households more efficient in their debt management. Of course it will generate revenues, but it is also aimed at facilitating customer migration from credit cards to debit cards. We want people to spend within their means."

Malaysia is also encouraging a drive toward electronic payment, and Bank Negara Malaysia estimates that a move toward debit cards could mean a growth of 1 percent in electronic payments. According to Zeti, the government is driving electronic payments. All government payments are done electronically including tax and Zakah payments; road tax and even car insurance.

However, on the question of a banking transaction tax, the so-called Tobin Tax, aimed at curbing the excesses of investment bankers, especially of highly speculative and risky activities, Zeti is sanguine, stressing that it is worth looking at.

But she is not sure whether such a tax would materialize because it requires global cooperation and is only one measure out of several others that needed to be adopted. "I have seen many crises in my career. After each crisis, the major economies -- both developed and emerging -- come together and set up working groups to look at this and that measure. But not much gets implemented.

The latest is the Financial Services Working Group on capital flows. We need strong leadership to drive this transformation of the global financial services industry to pre-empt the crisis we have been experiencing," she added.

By Mushtak Parker
Source: Arab News

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Afghanistan's Forgotten Women

CAIRO — Violence against Afghan women is "endemic" and the government is not doing much to protect them, the Human Rights Watch said in a new report. "Eight years after the fall of the Taliban, Afghan women continue to be among the worst off in the world," said the report posted on the HRW's website.

"Their situation is dismal in every area, including in health, education, employment, freedom from violence, equality before the law, and political participation."

The report, "We Have the Promises of the World: Women's Rights in Afghanistan", details cases of rights violations against women.

"Women in public life are subject to routine threats and intimidation.

"Several high profile women have been assassinated, but their killers have not been brought to justice."

Read HRW Report (Document) Sitara Achakzai, an outspoken rights activist and politician, was murder last April and the government has so far not arrested any of the perpetrators. "This creates an environment of impunity for those who target women," the HRW said.

It added that physical and sexual violence against women are still rife in Afghanistan.

"One nationwide survey of levels of violence against Afghan women found that 52 percent of respondents experienced physical violence, and 17 percent reported sexual violence," it said.

"Yet because of social and legal obstacles to accessing justice, few women and girls report violence to the authorities."

The report cites the case of a woman who was gang raped by a group that included a powerful local militia commander.

Although she fought to have her rapists prosecuted, they were subsequently pardoned by the West-backed President Hamid Karzai.

Later, her husband was assassinated.

The United Nations said last week that violence and rape against women in Afghanistan was a problem of "profound proportions".

Forgotten

HRW said that though girl education was the declared main goal of the Kabul government and its foreign donors, girls have far less access to schools than boys.

"The majority of girls still do not attend primary school," said the report.

"A dismal 11 percent of secondary-school-age girls are enrolled in grades seven through nine. Only 4 percent of girls make it to grades 10 through 12."

The international rights watchdog said many girls are prodded into arranged and forced marriages.

"Surveys suggest that in more than half of all marriages, the wives are under age 16, and 70 to 80 percent of marriages take place without the consent of the woman or girl."

HRW accused the West and the Kabul government of failing to improve the conditions of Afghan women since the ouster of Taliban in 2001.

"While the plight of women and girls under the Taliban was used to help justify the 2001 invasion of Afghanistan, women's rights have not been a consistent priority of the government or its international backers."

The US invaded Afghanistan to topple the Taliban regime, which was accused of violating women rights.

Eight years, many believe the West has failed to put the country on the path of progress as promised.

"Women are not a priority for our own government or the international community," MP Shinkai Karokhail told the HRW.

"We've been forgotten."

Source: IslamOnline

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Danish Islamic party, Muslims cautious

CAIRO – Danish Muslims cautiously welcomed Monday, December 7, plans to establish an Islamic party to speak in the name of the sizable minority and vulnerable groups in the Scandinavian country.

“I find it a good step for Danish Muslims,” Muslim politician Asmaa Abdol-Hamid told IslamOnline.net over the phone from Copenhagen.

“But we have to wait to see the party program first before we conclude a position about it.

“We still don’t know whether it would include Danish Muslims, Danish citizens or social minorities. So, we have to be patient until we see the program first.”

The Interior and Social Affairs Ministry has given permission to establish an Islamic party in Denmark.

“Danish society is characterized by the fact that Muslims must not turn out as a group to vote,” Ras Anbessa, founder of the Danmarks Muslimer party, said.

“But we are continually identified as a separate group, so we might as well stand together and work on creating some positive initiatives.”

Anbessa said the new party would speak in the name of Danish Muslims and vulnerable groups such as the homeless, disabled, young people and elders.

“We have to go in and identify the people we believe are in the worst situations and come up with some serious and effective means to solve their problems.”

The new party must obtain 20,000 signatures to be eligible to run for elections.

Anbessa said his party’s prime objective for now is to clarify positions about government parties, such as the Danish People’s Party, which is known for anti-Muslim attitudes.

“One thing we’ll do is knock on the doors of opposition party members and ask them to more strongly publicise the differences between them and the government parties, because I don’t think people can really see that right now.”

Denmark has a Muslim minority of nearly 250,000 out of its 5.4 million-strong population.

Islam is the country's second largest religion after the state-run Lutheran Protestant Church.

* Scepticism

Danish Muslims, however, were sceptical that the new party would make inroads in the society.
“It gives you optimism to have a permission to establish an Islamic party,” Danish Muslim imam Abdul-Wahid Pederson told IOL.

“(But) it’s hard to believe that this party will come strong in parliament.”

The Danish imam lamented that Denmark’s Muslims don’t have a body to speak in their voice, despite the presence of four Danish Muslim MPs in the parliament.

“We have Muslims MPs who could speak in the voice of Danish Muslims, but they don’t,” he said. “They are acting for party affiliations.”

Abdul-Wahid, however, remained optimistic that the new party would succeed to represent the Muslim minority.

“If we could have a party to speak in the voice of the minority, we have to give it a try.”

But some Danish Muslims were downbeat about the new party.

“It’s hard for Danish Muslims to become a political force in Denmark,” Muslim journalist Nidal Abul-Arif told IOL.

He said it is necessary for any party to have two percent of eligible voters to run for the elections.

“And this is very difficult for Muslims.”

Abu-Arif is also worried that the name of the new party could turn non-Muslim Danes from it.

“The party name gives a religious nature to the party, which would make it difficult for the party to get votes from non-Muslims.”

“The party founder is also an unknown figure, who has not coordinated with other Muslim groups in the country before taking the step.”

The Danish journalist said that Danish parties are already fielding Muslim candidates in the elections.

“But establishing an Islamic party would draw votes from left-wing parties and consequently play into the hands of right-wing parties.”
Source: IslamOnline

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Kuwait MPs seek to unseat PM

A group of Kuwaiti opposition members of parliament have filed a motion of "non-cooperation" against the country's prime minister over corruption charges.

If passed, the motion tabled on Tuesday after a marathon closed session of the parliament, could unseat Sheikh Nasser Mohammad al-Ahmad al-Sabah.

"A motion has been officially submitted, and voting will take place on December 16," Kuwait's parliament speaker Jassem al-Khorafi said.

The motion was moved after Sheikh Nasser was questioned in parliament over allegations that his office misappropriated millions of dollars in the run up to the 2008 elections.

Sheikh Nasser, a nephew of the emir, is the first prime minister to be questioned by the assembly since democracy was introduced in the Gulf emirate in 1962.

He was also quizzed about a $700,000 cheque he issued to a MP last year.

The request to question the prime minister was filed last month by opposition MP Faisal al-Muslim.

If approved by a majority of the MPs, the motion would be sent to the emir who then could dismiss the prime minister or dissolve parliament and call for fresh elections.

The Gulf state has been rocked by political chaos since early 2006 when Sheikh Nasser was appointed premier.

Since February 2006, parliament has been dissolved three times because of disputes with the government, and Sheikh Nasser has been forced to resign five times.
Source: Agencies

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