29-10-2021

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Recovery plans
still short on
renewable
energy: IEA
PARIS : Clean energy remains
just a tiny part of the
pandemic economic recovery
plans despite some
improvement, the IEA said on
Thursday as it warned carbon
dioxide emissions were set to
rebound, reports BSS.
Investments in clean
energy-whether it is
renewable production,
electric vehicles or efficiency
measures-represent only 3
percent of the $16.9 trillion
mobilised globally for
recovery plans, the Int’l
Energy Agency said.
That is an improvement
from the 2 percent when the
IEA first issued a report on
the subject in July.
"Recovery plans globally
are still insufficient to put
emissions into structural
decline," said the Parisbased
agency, which advises
governments of industrialised
nations on energy policy.
Moreover, it warned that
"lead times on many
recovery measures prevent
them from reining in the
immediate rebound in CO2
emissions, which is set to be
the second largest in
history."
Over the longer term, the
IEA said that absent
significant steps by nations
"global emissions are set to
continue to diverge sharply
from a path consistent with
net zero emissions from the
energy sector by 2050."
The IEA's warning comes
just days ahead of a G20
leaders summit, as well as the
COP26 climate summit in
Glasgow, which is being billed
as crucial for the long-term
viability of the Paris climate
deal meant to limit global
warming to 1.5 degrees Celsius.
The agency says some
$470 billion has been
earmarked by governments
for clean energy projects
through 2030, a 20 percent
increase from July.
But it noted a growing divide
between certain advanced
economies (such as the US,
France, Japan and Britain) and
less wealthy nations where
green investments are sorely
necessary.
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Spain’s jobless rate falls as
tourism picks up
MADRID : Spain's
unemployment rate fell in
the third quarter as the
relaxation of pandemic
restrictions allowed a
recovery in its key tourism
sector, official statistics
showed Thursday.
The jobless rate declined
to 14.57 percent in the
July-September period
from 15.26 percent in the
previous quarter, national
statistics office INE said.
The unemployment rate
remains above the 13.78
percent rate recorded in
the fourth quarter of 2019
before the pandemic hit
Spain.
The INE jobless figures
The 328thmeeting of the
Board of Directors of
Shahjalal Islami Bank
Limited (SJIBL) held
recently at Corporate
Head Office of the Bank
by maintaining proper
hygiene and social
distance. On the other
hand, a few number of
Director of the Bank
participated in this
meeting through digital
platform (with a Video
Conference).The meeting
was presided over by the
Chairman of the Board of
Directors Mr. Md.
Sanaullah Shahid. The
Board approved a
number of investment
proposal and reviewed
various issue related to
policy of the Bank, a
press release said.
Among others the Vice-
Chairmen of the Board
Md. Harun Miah & Md.
Abdul Barek, Directors
Abdul Halim, Mohiuddin
Ahmed, Akkas Uddin
Mollah, Khandaker Sakib
Ahmed, Engineer Md.
Towhidur Rahman,
Mohammed Golam
Quddus,
Fakir
Akhtaruzzaman, Tahera
Faruque, Jabun Nahar &
Fakir Mashrikuzzaman,
Independent Directors
Ekramul Haque, K. A. M.
Majedur Rahman &
Nasir Uddin Ahmed, the
are based on surveys,
which provide a more
reliable indication of
unemployment as many
people who jobless are not
eligible for benefits.
The bulk of the new jobs,
377,200, were created in
the service sector which is
dominated by tourism.
The industrial sector
added 63,000 jobs while
agriculture shed 49,600
posts.
Before the pandemic hit
in spring 2020, Spain was
the world's second-most
popular
tourist
destination after France,
and the sector accounted
for around 12 percent of
328th Board Meeting
of Shahjalal Islami
Bank Ltd. held
Managing Director &
CEO M. Shahidul Islam
and the Company
Secretary of the Bank
Md. Abul Bashar were
also present in the
meeting.
the economy. The Spanish
government has said it
was hoping to attract
around 45 million tourist
visits this year,
approximately half the
figure for 2019. The
Spanish economy
contracted by 10.8
percent in 2020, one of
the worst results among
industrialised countries,
but it returned to growth
in the second quarter this
year.
The statistics office is
set to release gross
domestic product data for
the third quarter on
Friday.
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