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COP26 concludes with new global deal on climate******
Photo taken on November 9, 2021 shows a view at the 26th session of the Conference of the Parties to the United Nations Framework Convention on Climate Change in Glasgow, Scotland, the United Kingdom.。
The United Nations climate change conference concluded on Saturday after a one-day extension, with negotiators agreeing on a new global pact to tackle climate change.。
Nearly 200 participating countries adopted the Glasgow Climate Pact at the end of 26th session of the Conference of the Parties (COP26) to the United Nations Framework Convention on Climate Change.。
Some encouraging progress was made. Agreement was finally reached on Article 6 of the Paris Agreement, which relates to carbon market mechanisms, paving the way for effective implementation of the Paris deal to cut emissions through market-based approaches.。
Negotiators also agreed to phase down coal, the dominant source of carbon dioxide emissions in the process of electricity generation. It is the first explicit mention of fossil fuels in a COP agreement.。
During COP26, more than 100 countries have promised to end deforestation by 2030.。
In the final days of the conference, China and the United States issued a joint declaration on enhancing actions on climate change in the 2020s, which are widely welcomed and believed to galvanize global collective actions.。
The two countries agreed to establish a working group on enhancing climate action this decade to promote cooperation on climate change between the two countries as well as multilateral processes.。
As COP26 wrapped up, however, some stubborn issues, notably climate funding, remain uncertain.。
There were commitments to significantly increase financial support through the Adaptation Fund as developed countries were urged to double their support to developing countries by 2025.。
However, it remains to be seen whether developed countries, whose development is responsible for most of today's climate change impacts, will heed the set timeframe.。
In 2009, wealthy countries pledged US$100 billion a year to help lower-income nations by 2020. However, they still have not made good on the pledge and recent reports indicate that this goal could slip to 2023.。
COP26, which kicked off on October 31, is the first climate change conference after the five-year review cycle under the Paris Agreement inked in 2015. The Egyptian city of Sharm El Sheikh will host COP27 in 2022.。
Hong Kong to expect economic growth of around 6.5 pct in 2021: finance chief******
HONG KONG, Oct. 31 (Xinhua) -- Hong Kong's economy maintains a steady recovery and is expected to record an economic growth of around 6.5 percent this year, said Paul Chan, financial secretary of the Hong Kong Special Administrative Region (HKSAR) government.。
Hong Kong's economic recovery benefitted from its strong export and fixed investment in the first half of the year, as well as the improvement in private consumption spending, Chan said in a blog post on Sunday.。
With vaccination programs processing globally, major economies resume and Chinese mainland's economy recovers steadily. According to Chan, Hong Kong's total exports surged by 30 percent in the first half of the year, with the growth rate in the third quarter being 22.7 percent.。
Hong Kong's economy has grown 7.8 percent year-on-year in the first half of the year under its strong export and the increasing domestic demand, while trade and consumption indicators will predict a good growth impetus in the third quarter, he said.。
Chan believes that the year-on-year growth in the third quarter should be lower than that of the first half of the year, due to the stronger-than-expected economic rebound in the first half and a higher base of comparison in the second half of last year.。
With the epidemic under control and the issue of electronic consumption vouchers, Hong Kong's retail sales value in the first half of the year rose 8.4 percent and the total revenue of the catering business also rebound by 0.5 percent.。
In addition, the seasonally adjusted unemployment rate substantially dropped from a 17-year high of 7.2 percent at the beginning of this year to 4.5 percent in the third quarter, the lowest level since the first quarter of last year, while the number of employees in the industries of retail, accommodation, and catering services saw a total increase of 3.5 percent year-on-year in the third quarter.。
Looking ahead to the fourth quarter, Chan noted that Hong Kong's export growth rate is expected to slow down as the global economic growth has already reached its peak, while employment and income situations will improve coupled with the effect of the consumption voucher scheme.。
However, Chan stressed that external risk factors such as the pandemic, high commodity prices as well as rising external inflation must not be ignored. Enditem。
Koeman admits to pressure, while Ancelotti says nerves natural ahead of Clasico******
MADRID, Oct. 23 (Xinhua) -- FC Barcelona coach Ronald Koeman admitted he was under extreme pressure ahead of Sunday afternoon's meeting with traditional rivals Real Madrid at the Camp Nou Stadium.
Barca go into the game after consecutive wins against Valencia and Dynamo Kiev, but defeat against Real Madrid would leave them five points behind their rivals in La Liga and with an important blow to their morale.
"It's impossible for me to have more pressure," said Koeman, adding that "when you are the coach of Barca, you have to live with that and I know how important all of this is."
"I have won many Clasico as a player and you have to try and enjoy it," said the Barca coach, who failed to beat Real Madrid in their two meetings last season.
"This is my first Clasico as a coach with public in the stands and that makes it different. We have to have the desire to win the game," said Koeman, who has been given another vote of confidence by club president Joan Laporta.
"He doesn't have to say every day that I am going to continue, but I feel supported by the president and the club, although we all know that everything depends on results," he concluded.
Real Madrid coach Carlo Ancelotti told the press that his side was "preparing for a special game, with intensity and focusing on using good strategy."
He said winger Eden Hazard and defender Dani Carvajal were fit enough to be included in his squad, but insisted there was no clear favorite to the game, despite Barca struggling for form this season.
"There is no favorite in this kind of game," he said, before explaining that games against Barca were "the only times in my life," that he chewed gum.
"It's normal to be worried, even a bit scared. If you aren't scared, sometimes to face up to a lion thinking it's a pussycat," he joked, before insisting that he had "a strong team, with quality." Enditem