UNEP-Women’s Major Group on COP21

Based on the Document: ‘Proposed resolution for UNEA on Paris Agreement’ & ‘A Reality Check on the Paris Agreement from the Women and Gender Constituency (WGC)’

While the others might want us to move forward with the process, the Women and Gender Constituency provided a reality check.

So, what does it really mean to promote an effective implementation of a weak agreement? We are talking about a binding legal document that doesn’t recognize historical responsibilities and continues to undermine the principle of common but differentiated responsibilities; hence, it lets countries decide how much longer and how they still want to continue to pollute, leaving all commitments to weak voluntary Intended National Determined Contributions (INDCs).

It is true that Parties to the UNFCCC committed to maintain a global average temperature below 1.5ºC but they failed to recognize and understand that in some areas such as Islands States, this ‘limit’ has been exceeded already by far and that it is already too late. The latest IPCC report says that doubling of greenhouse gas levels in the atmosphere compared to what they were in 1750 will likely result in warming between 1.5°C to 4.5°C. Scientists haven’t managed to narrow this down since the IPCC was first set up. So, if the low figure is true, really radical action could limit warming to less than 1.5°C but if it’s the medium or higher figure then there’s no chance at all. For the Women and Gender Constituency, seeing this goal on paper is not enough. We demand it in actions as the proof of full commitment to that goal, not vague aspirations.

Thus, ‘making finance flows consistent with a pathway towards low greenhouse gas emissions and climate resilient development’ will result highly difficult especially in light of the corporate take over of the climate negotiations; the quality of and a goal for scaling up adequate and predictable, largely public finance which is highly needed, lost a lot of political strength while business interests that have lobbied hard in our home countries will be the first to benefit from the agreement as it fundamentally does not address the needs of the most vulnerable countries, communities and people of the world. It fails to address the structures of injustice and inequality which have caused the climate crisis and hold the historical polluters sufficiently to account. What happened in Paris was that governments maintained their commitment to corporations over people and signaled opportunities for profit to be made from crisis. The Green Climate Fund – for instance – is increasingly being captured by multilateral development banks and international private entities with poor track records. The lack of transparency and preponderance of big banks and international entities over national and sub-national entities blatantly defies the GCF mandate of being more responsive to the needs of vulnerable developing countries and communities.

What is left unclear in the Paris Agreement is how soon will the international community and specifically the world’s rich countries succeed in raising the estimated 100 billion dollars per year needed by 2020? Paragraph 54 on the agreement means no money on the table prior to 2020, just intention of mobilisation. In Cancun, Parties had agreed to developed countries mobilising USD 100 billion per year by 2020. With the Paris Agreement, a five-year extension has been granted in order to reach this target and a new quantified goal will be set for the period after 2025.

The Women and Gender Constituency has long argued that climate finance should come from taxing the highest 1% of emitters. A tax on high emitters of between 5-10% would provide at least USD 150 billion per year. Funds can also be derived from harmful industries. 80% of GHG emissions are caused by the burning of fossil fuels and the subsidies to this sector accounts for USD 5.3 trillion a year. Redirecting these subsidies prioritizing women and the poor could anchor a transformative shift.

Besides, a common understanding on what entails truly ‘sustainable energy’ is urgently needed. Currently, ‘clean’ energy sources allow dirty energies like large-scale wood-based bioenergy to be recognized as a ‘renewable’ energy source, and even harmful hydropower also enters the category. But what does an innovative’ large hydropower dam means for an entire ecosystem? What does the establishment of a single 500,000voltt tower in a rural area means to people, plants, animals, soil organisms and water sources? We are sure that there are real solutions out there such as solar and wind-power, and that genuine transformation to a low carbon society requires further analysis of what is that will actually take us on that path and what would drive us apart.

Critical issues like clear emission reductions without offsetting and misleading market approaches; ensuring the quality of technologies which should be safe and socially and environmentally sound; the responsibilities of developed countries to take the lead, the responsibility to protect people’s rights and our ecosystems including indigenous peoples and women’s rights, have been either surgically removed throughout the text or lack specificity; that we are not protecting food security but instead are protecting food production, all of them, are issues that jeopardize the whole 2030 Agenda on Sustainable Development Agenda and its SDGs, such as Goal 12 on Sustainable Consumption and Production, to name but one example. Unsustainable food systems are not given enough attention and most rhetoric, fails to recognize the importance of this issue, not just on the context of climate change but also in the context of poverty eradication. A clear example is the increased deforestation in Paraguay – also undermining Goal 15 – and associated social problematic (Goal 1) due to GM soy and cattle ranch expansion. Exclusionary methods such as increased carbon trading which are now expanded to the agricultural sector, and land use change (LULUCF); the flawed ‘Net zero emissions’ principle and unproved technologies such as BECCs, gained further support while the human rights language was weakened.

The ‘loss and damage’ mechanism mentioned in Article 8, that would have meant compensation to those most affected from climate change, lost all significance on paragraph 52 Presented by Isis Alvarez at the Open Ended Committee of Permanent Representatives to the United Nations Environment Program (UNEP) when is states “that Article 8 of the Agreement does not involve or provide a basis for any liability or compensation”. At the same time, climate refugees continue to be ignored and the agreement failed to be transformative and legally recognize them.

Perverse initiatives endorsed by the Paris agreement such as Climate Smart Agriculture surrender too much power to already powerful multinational corporations monopolizing the food industry setting the stage for the further demise of small peasant farmers especially women and their related traditional knowledge. Already a report from FAO (2014) demonstrated how agroecology could feed the world without the need for harmful and misleading technologies while empowering small scale farmers.

We know that climate change is the greatest threat to rights in our time, and we know that women often bear the brunt of these impacts. We believe that operational language on gender equality, alongside other fundamental rights, in Article 2, defining the purpose of the agreement, would have gone far to ensure that all forthcoming climate actions take into account the rights, needs and perspectives of women and men and encourage women’s full and equal participation in decision-making. This was the moment to set the right path, the just path for climate action. But it just didnt happen. SDG 13 needs to go beyond the Paris agreement.

To call this an ‘ambitious agreement’ is totally misleading. Civil society organizations and social movements openly protested the outcome of the negotiations. Women of the world have been calling for climate justice, and we know that calls for climate justice are empty without acknowledging that ‘justice’ requires a remedy, justice is delivered when reparations are provided, and justice is essentially for accountability.

Presented by Isis Alvarez at the Open Ended Committee of Permanent Representatives to the United Nations Environment Program (UNEP)

Multinationals hike drug prices by 15pc

Dawn, February 11th, 2016

ASIF CHAUDHRY

LAHORE: Six multinational pharmaceutical companies have increased the prices of medicines by 15 per cent without approval from the Drug Regulatory Authority of Pakistan (Drap), triggering a controversy over the drug pricing mechanism in the country.

According to a senior official, the move has led to an artificial shortage of medicines. He said the companies which had increased the prices were GlaxoSmithKline (GSK), Sanofi-aventis, Abbott Laboratories, Novartis, Otsuka and Reckitt Benckiser. The medicines produced by the companies, he added, were used for the treatment of cardiac ailments, blood pressure, weakness, fever and as painkillers. Some of them were recommended to women during pregnancy.

He said that because patients were already suffering due to the high cost of drugs, a 15pc increase in their prices would only compound their problems.

The pharmaceutical companies, he explained, had directed their staff to charge customers as per the new rates, causing a shortage of many life-saving drugs and creating space for ‘mafia’ to move in and take advantage of the situation by fleecing patients.

Some pharmaceutical firms had directed their staff to retrieve unsold stocks from the market and update the prices, the official said.

“The companies have increased the prices on their own,” said Dr Mohammad Aslam Afghani, the Drap’s chief executive officer. “Drap had no role in this move.” He explained that Drap’s drug pricing committee had not raised the prices. “The multinational companies increased the prices after claiming that the Sindh High Court had granted them permission and later they got a stay order from the court,” he said, adding that Drap would challenge the decision and have the stay vacated.

In response to the controversial move, the Punjab government ordered the district administrations to thwart attempts to increase the prices through regulations. In a notice issued on Feb 8, Punjab’s chief drug controller, Dr Zakaur Rehman, directed all drug controllers, deputy drug controllers and drug inspectors to frequently visit the markets and prepare a list of companies that had increased their prices.

“You are further directed to probe the issue of non-availability/acute shortage of some potentially required medicines in the market and furnish the list of non-available/less available drugs sold at more than MRPs,” he said.

The notice also named the six multinational pharmaceutical companies which had increased the prices.

One of these companies, GSK, wrote a letter to wholesalers and cited the reasons behind the price hike. A copy of the letter is available with Dawn.

The letter said that GSK had filed several cases for the hardship price increase of certain products with Drap in 2012.

“As three years lapsed and the cases remained pending despite the statutory assurance by Drap to provide relief through the Drug Pricing Policy 2015, we were constrained to seek enforcement of hardship price increase through the Sindh High Court,” it said.

The company informed the wholesalers and distributors that prices of drugs including Panadol 500mg, Panadol Extra, Panadol CF, Panadol drops, Actifed P Elixir, and Actifed DM cough syrup had gone up.

Senior pharmacist and legal expert Noor Mohammad Mahar condemned the price hike and said it had created serious problems for poor patients.

He said the companies in question were already earning good profits from their products.

Mr Mahar held the Drap’s senior officials responsible for the hike. “They are behind this move. They (also) did nothing when these multinational companies increased prices by 15pc in 2013.”

Aamir Shafaat Khan in Karachi adds: The multinational companies had increased the prices by up to 50pc over the last one month, said chief of the Pakistan Chemists and Druggists Association (PCDA), Riyaz Hussain.

Talking by phone from Peshawar, he said local manufacturers of medicines would also increase the prices of their products.

“With decrease in the prices of petroleum products, various commodities are becoming cheaper. How can the production cost of these MNCs go up,” he wondered.

Mr Hussain said the PCDA condemned the hike in drug prices and would urge the government to waive general sales tax on medicines.

The association held a demonstration outside the Peshawar Press Club on Wednesday, demanding cut in drug prices.

http://www.dawn.com/news/1238769

MONSANTO TO PAY $80 MILLION TO SETTLE CHARGE OF IMPROPER ACCOUNTING

International New York Times, FEB. 9, 2016

LIZ MOYER

Monsanto will pay $80 million in penalties to the Securities and Exchange Commission to settle claims that it misstated earnings after failing to properly account for the costs of a sales rebate program for its flagship herbicide product, Roundup.

The S.E.C. said Monsanto, an agribusiness giant based in St. Louis, had insufficient internal controls to properly track millions of dollars in rebates it offered to Roundup retailers and distributors. The rebates were part of a promotion that Monsanto ran after sales of a generic version of the product undercut its business in 2009.

Monsanto booked substantial revenue as a result of the sales promotion from 2009 through 2011, but it did not recognize related costs, which led it to misstate corporate profits over a three-year period.

It is one of the largest accounting-related settlements by the S.E.C. since Mary Jo White took over as chairman of the agency in 2013 with a plan to refocus on corporate accounting abuses as investigations related to the financial crisis were ending.

Accounting cases more than doubled, to 114 through September 2015, from 53 for the same period in 2013. Last June, the S.E.C. struck a $190 million civil settlement with Computer Sciences Corp. and charged eight former employees and executives with manipulating financial results.

“Corporations must be truthful in their earnings releases to investors and have sufficient internal accounting controls in place to prevent misleading statements,” Ms. White said on Tuesday.

Failing to recognize expenses related to rebates “is the latest page from a well-worn playbook of accounting misstatements,” she said.

Monsanto, which is neither admitting nor denying wrongdoing, also agreed to hire a consultant to review its financial reporting of rebate programs for its crop protection business. In a statement, the company said it previously disclosed the investigation and restated its earnings for 2009 through 2011 at the end of 2011.

“The company is pleased to put this matter behind it,” the statement said.

Monsanto’s chief executive, Hugh Grant, reimbursed the company $3,165,852 for cash bonuses and stock awards he received during the period in question, and its former chief financial officer, Carl Casale, returned $728,843 in compensation.

The S.E.C. said it did not find any personal misconduct on either man’s part and would not pursue clawbacks under the Sarbanes-Oxley Act.

In addition, three accounting and sales executives will also pay penalties totaling $185,000, and the accountants agreed to be temporarily suspended from practicing before the S.E.C.

Roundup, one of Monsanto’s most profitable products, began losing market share after competitors undercut its sales with cheaper generic brands. In 2009, Monsanto introduced a rebate program that would help make up for price reductions in the product in subsequent years if retailers and distributors met certain sales goals.

Roughly a third of Monsanto’s Roundup sales that year occurred in the fourth quarter, when the rebate program was introduced. Monsanto delayed reporting the costs of the rebate program until 2010.

A new rebate program was created in 2010, under which Monsanto paid $44.5 million to its two largest distributors. The program was repeated the next year, and Monsanto deferred recording the rebate costs from 2010 into 2011.

http://www.nytimes.com/2016/02/10/business/dealbook/monsanto-to-pay-80-million-to-settle-charges-of-improper-accounting.html