NUNZIUM

News That Matters

19/08/2022 ---- 20/08/2022

This summer EU, US, and China have been hit by scarcity of rainfalls and record high temperatures. Photographs from satellites show major rivers have been drying up considerably (see CNN): Colorado (US), Yangtze (China), Rhine (Germany), Po (Italy), Loire (France), Danube (Romania). Water rationing is already in place in some municipalities of Italy, while more than 100 municipalities in France are short of drinking water and need to receive shipments. In Germany boat transport has now a reduced capacity, impacting pricing and supply chain of essential materials (such as coal). Even in the Netherlands the government had to introduce restrictive measures for agriculture. Analogous measures are in place in south China to guarantee the autumn harvest. Climate change and unsustainable water management are leaving lakes dried up all over the Middle East and beyond, but the Israeli government is hopeful it has a solution: it plans to pump water from the Mediterranean sea. Israel, already a water-insecure nation since decades, has learned to treat sea water at scale to produce drinking water. This strategy has issues - one above all it is energy intensive - but it may be the best future option for many if the weather conditions of the past few months become the standard in the future. Since desalinization takes energy, it is even more important now to improve sustainable energy production. Experts’ analysis of the consequences on the economy are not bright: on one hand the current conflicts exacerbate the energy pricing, at the same time the supply chain is negatively impacted and slows down operations.

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South Korean President Yoon Suk-yeol proposed, in his first Liberation Day speech marking the 77th anniversary of the end of Japanese colonial rule over the Korean Peninsula, that Seoul offer economic aid to Pyongyang in exchange for the North taking steps toward denuclearization. This was referred to as an “audacious initiative”. Unfortunately this attempt added to an already long list of failed negotiations - with a very short notice. The sister of North Korean leader Kim Jong Un has rejected the proposal saying that Yoon's plan is “the height of absurdity" as it is unpractical. She added that Yoon should “shout his mouth” and that “although he may knock on the door with a large plan in the future, his 'bold plan' does not work. We make it clear that we will not sit face to face with him”. South Korea's Unification Minister Kwon Young-se has expressed regret over the reaction and added that her criticism is a disservice to North Korea as well as peace on the Korean Peninsula.

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As tensions with US over Ukraine and Taiwan continue, it is no surprise that Russia-China relationships grow stronger. The two nations declared recently a “no limits” partnership. Besides economic agreements on energy import, they are now organising joint military drills in Vostok. At this event - taking place from August 30 to September 5 - more nations will be present: Belarus, Mongolia, Tajikistan, and India. Despite India-China relationship is tense due to border issues, their current talks are aimed at setting a long term collaboration. All these nations constitute a large block - the majority of Asia - and their relationships are currently strengthening. The G20 in Bali, taking place in November, will see the leaders of these nations face to face with EU and US leaders for the first time since the Ukraine war started.

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