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Trump tears into environmental 'doom' mongers at Davos forum
By Sebastian SMITH and Alex PIGMAN
Davos, Switzerland (AFP) Jan 21, 2020

Global resource consumption tops 100 bn tonnes for first time
Paris (AFP) Jan 21, 2020 - The world is using up more than 100 billion tonnes of natural resources per year for the first time ever while global recycling of raw materials has fallen, according to a report released Tuesday.

The share of minerals, fossil fuels, metals and biomass feeding into the global economy that is reused declined in two years from an already paltry 9.1 percent to 8.6 today, the Circularity Gap Report 2020 found.

"No country is meeting the basic needs of its citizens while also operating within the physical boundaries of our planet," said Marc de Wit, a director at the non-profit Circle Economy and lead author of the report.

The resources fuelling the world economy increased more than eight percent in just two years from 93 billion tonnes in 2015 to 100.6 billion in 2017, the last year for which data is available.

Since 1970, the human population has doubled, the global economy has grown fourfold, and trade has expanded tenfold, a trajectory that -- in the absence of widespread recycling -- relentlessly pushes up the demand for energy and resources.

Global use of materials is projected to balloon to 170-184 billion tonnes by mid-century, the report said.

- Exporting waste -

"Our current economic and financial systems are driving unsustainable consumption, and degrading the natural environment," said Cristianne Close, head of WWF Markets Practice.

To improve living standards -- especially in low-income countries -- while also protecting ecosystems that provide clear water, air and soil, the world must vastly boost the share of recycled natural resources, the authors said.

Wealthy nations, the authors note, consume 10 times more resources per person than in the developing world, and produce far more waste.

Rich countries must "take responsibility for the impact of their imports and exports," the report said. Much of what they consume comes from less developed nations, while much of their waste is exported, it noted.

China -- which recently banned most solid waste imports, forcing the United States, Britain and Japan in particular to scramble for other disposal solutions -- has become a leader among middle-income nations in industrial-scale recycling.

"China, for instance, has pioneered eco-industrial parks where the waste of one business becomes the feedstock for another," the report notes.

In poorer countries, such as India, "recycling rates are high as waste can provide a valuable source of revenue for informal workers."

President Donald Trump tore into environmental "prophets of doom" at the Davos forum Tuesday, rejecting fiery warnings from teenage campaigner Greta Thunberg and talking up his own record in a counterpoint to impeachment back home.

Thunberg was in the audience in the Swiss Alps to hear the typically bullish speech by Trump, delivered just before the US Senate opened the crucial next stage in his trial for abuse of power and obstruction of Congress.

The 50th meeting of the World Economic Forum aimed for a strong focus on climate change but Trump made clear he had no time for Thunberg's warning that "our house is still on fire."

Instead, he touted the US economy, which he said was enjoying an "unprecedented" boom thanks to his policies. That was a message he then continued at a dinner meeting with CEOs including Europe's richest person Bernard Arnault of luxury firm LVMH and the Indian steel magnate Lakshmi Mittal.

The Republican was also to meet Wednesday with the president of Iraq and the leader of Iraqi Kurdistan before heading back to Washington.

This will be his first talks with the Iraqi leadership since a US drone strike killed Iran's top military figure and also a senior Iraqi commander in Baghdad, triggering a parliament vote calling for the expulsion of US troops from Iraq.

- Dismissing the 'apocalypse' -

Dismissing scientifically backed warnings that global warming is wrecking the planet, Trump said "we must reject the perennial prophets of doom and their predictions of the apocalypse."

He claimed that "alarmists" had been wrong over the decades when predicting population crisis, mass starvation or the end of oil.

Trump branded those warning of out-of-control global warming and other environmental disasters "the heirs of yesterday's foolish fortune tellers".

Trump did not even mention global warming.

He was just as unapologetic over his impeachment, which is now kicking into high gear.

That's "just a hoax," he said, calling the impeachment trial "disgraceful".

- Trump campaigns -

Large parts of Trump's address sounded like a campaign speech aimed at a domestic audience as much as the Davos gathering of global political and business elites, which began in 1971.

"I'm glad to declare the United States is in the midst of a great economic boom the likes of which the world has never seen before," he said.

Over and over, Trump brought up statistics he claimed proved his "unprecedented" success, based on slashing environmental protections and renegotiating trade relationships with China and the United States' two huge neighbours Canada and Mexico.

"The American dream is back, bigger, better, stronger than ever before," he said.

Robin Niblett, director of the Chatham House think tank, called Trump's performance "an almost plain vanilla presidential campaign speech, laying out an unassailable set of statistics that tell the Democrats 'good luck taking me on on this, because you won't stand a chance'."

- 'Just the very beginning' -

Earlier, Thunberg underlined the message that has inspired millions around the world, saying "basically nothing has been done" to fight climate change.

Speaking calmly and with a wry smile, Thunberg acknowledged that her campaign, which began with school strikes, had attracted huge attention without yet achieving concrete change.

"There is a difference between being heard to actually leading to something," the 17-year-old said.

And despite the focus given by the Davos forum, Greenpeace said in a new report that some of the world's biggest banks, insurers and pension funds have collectively invested $1.4 trillion (1.26 trillion euros) in fossil fuel companies since the Paris climate deal in 2016.

Trump touted the United States as the "number one producer of oil and natural gas" and said he would not let "radical socialists" attack the lucrative industry.

- 'Governments continue to fail' -

Sustainability is the buzzword at the Davos forum, with heel crampons handed out to participants to encourage them to walk on the icy streets rather than use cars, and the signage paint made from seaweed.

"People are paying a lot more attention" to climate, Eurasia Group president Ian Bremmer told AFP at Davos, adding there was "genuine action by some big players", after investment titan BlackRock said it was partially divesting out of coal.

"But let's be clear -- a big part of this is because we failed for a very long time and governments continue to fail," he added.

Business leaders are likely also to be concerned by the state of the global economy whose prospects, according to the International Monetary Fund, have improved but remain brittle.

The IMF cut its global growth estimate for 2020 to 3.3 percent, saying that a recent truce in the trade war between China and the US had brought some stability but that risks remained.

Activists meanwhile will be pressing for much more concrete action to fight inequality, after Oxfam issued a report outlining how the number of billionaires has doubled in the past decade and the world's 22 richest men now have more wealth than all the women in Africa.

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BLACKROCK

LVMH - MOET HENNESSY LOUIS VUITTON


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