Economic development

Planting trees in grasslands won’t save the planet – rather protect and restore forests

Retrieved on: 
Tuesday, April 23, 2024

Many of these tree planting projects target Africa’s rangelands (open grasslands or shrublands used by livestock and wild animals).

Key Points: 
  • Many of these tree planting projects target Africa’s rangelands (open grasslands or shrublands used by livestock and wild animals).
  • Our goal is to protect and promote rangelands that combat desertification and support economic
    growth, resilient livelihoods and the sustainable development of pastoralism.
  • In pursuit of this goal, we reviewed all the scientific studies we could find on the effects of planting trees in rangelands.

Why rangelands matter

  • Rangelands provide critical ecosystem services, but these are lost when open grassy vegetation is converted to forest or plantation.
  • Many rangelands are too dry, steep or rocky to grow crops but are suited for livestock grazing to produce meat, milk and fibres such as wool.
  • Read more:
    When tree planting actually damages ecosystems

    The ecosystem services provided by rangelands are generally overlooked while those provided by forests and trees are assumed to be far superior.

Afforestation in the wrong places often fails

  • This is a suitable form of land use for those environments, which would be harmed by planting trees.
  • Tree planting projects are commonly portrayed as reforestation, which implies that the target areas have lost their original forest cover.
  • In fact, planting trees in rangelands that naturally have low tree cover is afforestation.
  • This often fails because they don’t have enough rainfall throughout the year to support high tree cover.

Afforestation can be damaging to people, water and climate

  • Despite being portrayed as supporting local economic development and ecosystem restoration, afforestation projects often exclude existing land users and limit their access to land and resources.
  • Rangeland afforestation also reduces streamflow and lowers water tables as trees use much more water than grasses.

What is a better solution?

  • If these initiatives were focused on degraded forest instead, three-quarters of degraded forests could be restored.
  • In rangelands, the best approach is to protect and enhance their existing carbon stores rather than replacing them with forests or plantations.


Susanne Vetter does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

Russia and the Taliban: here’s why Putin wants to get closer to Afghanistan’s current rulers

Retrieved on: 
Thursday, April 18, 2024

The Kremlin has opened up discussions with the Taliban before, and Russia was one of the few nations to accredit a diplomat when the organisation took control of Afghanistan.

Key Points: 
  • The Kremlin has opened up discussions with the Taliban before, and Russia was one of the few nations to accredit a diplomat when the organisation took control of Afghanistan.
  • But Afghanistan’s political and economic crisis and western sanctions on Russia due to the Ukraine war mean both sides have something to gain from a stronger relationship.
  • A few months later, Vladimir Putin signed a decree implementing the UN resolution and imposing sanctions against the Taliban.

Interests and goals

  • The Taliban wants international sanctions to be withdrawn, to take Afghanistan’s UN seat and for frozen assets to be released, which will help the country’s economic development.
  • Russia taking the Taliban off their terrorism list would be a first step toward international recognition for the current Afghan government.
  • Russia’s 2023 foreign policy plan mentions prospects for Afghanistan’s integration into “the Eurasian space for cooperation”.

Russia’s relationship building

  • The increasing cooperation between the Taliban and Russia has implications in terms of the ongoing rivalry between Russia and the west.
  • Since the beginning of the Ukraine war, Moscow has tried to get other nations to support its strategic view of why the war is happening.
  • This version of history and policy positions Russia as a protector of traditional religions and values and places it among major world civilisations, contrasting it with the “godless” west.


Intigam Mamedov does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

Is home bias biased? New evidence from the investment fund sector

Retrieved on: 
Thursday, April 18, 2024
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Key Points: 

    How the ‘Mexican miracle’ kickstarted the modern US–Mexico drugs trade

    Retrieved on: 
    Wednesday, April 10, 2024

    The flow of cheap and deadly fentanyl over the border into the US has also fuelled an opioid epidemic that has killed over 1 million Americans since 2000.

    Key Points: 
    • The flow of cheap and deadly fentanyl over the border into the US has also fuelled an opioid epidemic that has killed over 1 million Americans since 2000.
    • It is a dark side to the so-called “Mexican miracle” that transformed the country’s economy between the 1940s and 1970s.
    • Stimulated by the Mexican and US governments’ promotion of infrastructure improvements and mass migration, the drug trade fuelled further lawful economic development throughout the country.

    Cops, cartels and cash crops

    • Many of Durango’s battled-scarred and poverty-stricken former miners adapted to the national and global turbulence by turning to opium poppies, a profitable (and since 1920, illegal) cash crop.
    • Sap from opium poppies provides the raw material for drugs like morphine and heroin.
    • In response, US officials like Harry J. Anslinger promoted a “crusade” against the drug trade on both sides of the border.
    • In 1944, a joint US–Mexican expedition uncovered the largest opium plantation ever discovered in Mexico: the size of 325 football pitches.

    Cold war Mexico

    • As the second world war gave way to the cold war, Latin American countries (often with US financial assistance) promoted urbanisation, industrialisation, infrastructural expansion, population growth and transnational economic integration.
    • Between 1950 and 1970, Mexico’s one-party state invested massively in public services and industrial and agricultural development.
    • But they helped connect the poppy fields of Durango to the rest of northern Mexico and the US border too.

    The ‘heroin highway’

    • It consolidated Durango’s importance as a Mexican drug-production centre and transformed Chicago into the biggest heroin-trafficking hub on the continent.
    • The cash that trafficking organisations earned wholesaling heroin in the US was reinvested locally in everything from cattle ranches to construction companies and even an airline.
    • Instead, these were completely intertwined with the economic growth, infrastructure development and mass migration that characterised the Mexican miracle.
    • The story of the modern US–Mexican drug trade is not just about brutal violence and lives cut tragically short.


    Nathaniel Morris received part of the funding for this research from the Leverlhulme Trust. He is affiliated with the Mexico & Central America Program of Noria Research.

    EQS-News: VERBUND AG: 2023 annual results: VERBUND posts encouraging business performance in 2023

    Retrieved on: 
    Wednesday, April 10, 2024

    In addition, rising inflation combined with repeated interest rate hikes and a slowdown in economic growth weighed on performance in the sector and VERBUND’s own performance.

    Key Points: 
    • In addition, rising inflation combined with repeated interest rate hikes and a slowdown in economic growth weighed on performance in the sector and VERBUND’s own performance.
    • Generation from the annual storage power plants was up 9.6% year-on-year in 2023.
    • A dividend of €4.15 per share for financial year 2023 will be proposed to the Annual General Meeting on 30 April 2024.
    • The one-off special dividend will allow shareholders to participate in the Group’s extraordinarily positive business performance for financial year 2023 by means of a higher payout.

    EQS-News: Masterflex SE presents Annual Report 2023 – Record earnings achieved

    Retrieved on: 
    Wednesday, April 10, 2024

    Despite an overall challenging economic environment and the associated recessionary trends in some customer industries, Masterflex succeeded in achieving new record levels in earnings.

    Key Points: 
    • Despite an overall challenging economic environment and the associated recessionary trends in some customer industries, Masterflex succeeded in achieving new record levels in earnings.
    • In the 2023 financial year, Masterflex SE generated revenue of EUR 101.1 million (previous year: EUR 100.3 million) and can look back on a successful and robust business development despite a noticeable economic headwind in some of its customer industries.
    • Operating EBIT also reached a new record level in the 2023 financial year, growing by 10.5% to EUR 12.6 million (previous year: EUR 11.4 million).
    • Order backlog as at December 31, 2023 remained at a high level of EUR 20.5 million (previous year: EUR 22.8 million).

    EQS-News: CEWE is planning further turnover and earnings growth in 2024

    Retrieved on: 
    Wednesday, April 10, 2024

    The targets for 2023 have thus clearly been achieved: CEWE had planned Group turnover in the range of 720 to 780 million euros and EBIT of up to 82 million euros for 2023.

    Key Points: 
    • The targets for 2023 have thus clearly been achieved: CEWE had planned Group turnover in the range of 720 to 780 million euros and EBIT of up to 82 million euros for 2023.
    • CEWE is also planning further growth for the 2024 financial year: Group turnover is expected to reach a value in the range of 770 to 820 million euros in 2024, while Group EBIT is expected to be in the corridor of 77 to 87 million euros.
    • Turnover in the core business segment of Photofinishing rose significantly by 42.7 million euros or +6.9% to 658.8 million euros in 2023 (photofinishing turnover in 2022: 616.1 million euros).
    • Group turnover is expected to be in the range of EUR 770 million to EUR 820 million in 2024.

    Accelerating forward Thailand’s cement roadmap, Dr. Chana Poomee, TCMA Chairman, is set to strengthen tie with global green funds boosting Thai industry competitiveness and effort to achieve the Net Zero 2050

    Retrieved on: 
    Wednesday, April 10, 2024

    Dr. Chana Poomee, along with the TCMA Board, outlined the long-term direction of TCMA, which is a collaboration nexus of leading Thai cement producers.

    Key Points: 
    • Dr. Chana Poomee, along with the TCMA Board, outlined the long-term direction of TCMA, which is a collaboration nexus of leading Thai cement producers.
    • TCMA, over the next two years, 2024-2026 will accelerate its efforts to join forces with all sectors to achieve the key missions in four areas:
      1.
    • Accelerating the expansion of maximize resource-efficiency mining practices according to the Minerals Act B.E.
    • TCMA, with this action aims to reduce greenhouse gas emissions not less than 6.9 million tons of carbon dioxide in 2030.

    EQS-News: SCHOTT Pharma to Expand in the U.S. with New Prefillable Syringe Manufacturing Facility

    Retrieved on: 
    Wednesday, April 10, 2024

    EQS-News: SCHOTT Pharma AG & Co. KGaA

    Key Points: 
    • EQS-News: SCHOTT Pharma AG & Co. KGaA
      SCHOTT Pharma to Expand in the U.S. with New Prefillable Syringe Manufacturing Facility
      The issuer is solely responsible for the content of this announcement.
    • SCHOTT Pharma to Expand in the U.S. with New Prefillable Syringe Manufacturing Facility in Wilson, North Carolina
      First U.S. manufacturing facility to fill demand for domestic supply of glass and polymer prefillable syringes that deliver mRNA, GLP-1, and other therapies
      SCHOTT Pharma plans to make Wilson, North Carolina home to its newest site.
    • SCHOTT Pharma a pioneer in pharmaceutical drug containment solutions and delivery systems, will build the first U.S. facility to manufacture prefillable polymer syringes required to meet the need for deep-cold storage and transportation of mRNA medications.
    • On average, more than 25,000 injections per minute are provided to patients worldwide through a product produced by SCHOTT Pharma.

    EQS-News: Positive developments in Vonovia’s core business with disposals well above target and confident outlook for 2024 financial year

    Retrieved on: 
    Wednesday, April 10, 2024

    EBT (Adjusted Earnings Before Taxes) from 2024 leading measure of earnings; OFCF (Operating Free Cashflow) as key metric of internal financing.

    Key Points: 
    • EBT (Adjusted Earnings Before Taxes) from 2024 leading measure of earnings; OFCF (Operating Free Cashflow) as key metric of internal financing.
    • Expectations for 2024: disposals worth €3 billion, higher investments in energy-efficient modernization and faster expansion of solar panels.
    • Bochum, 14 March 2024 - As expected, Vonovia SE’s (“Vonovia”) performance developed robustly in 2023.
    • In 2023, Vonovia realised disposals (including joint venture structures) with a volume of around €4 billion – twice as much as the company’s initial target.