A demonstrator sitting on the ground holds a poster during a climate protest in Lisbon, to coincide with the closing of the COP29 Climate Summit Saturday, Nov. 23, 2024. (AP)
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COP29 - How Does $300 Billion Stack up?
A demonstrator sitting on the ground holds a poster during a climate protest in Lisbon, to coincide with the closing of the COP29 Climate Summit Saturday, Nov. 23, 2024. (AP)
Countries agreed at the UN's COP29 climate conference to spend $300 billion on annual climate finance. Here are some ways of understanding what that sum is worth:
MILITARY MIGHT
In 2023, governments around the globe spent $6.7 billion a day on military expenditure, according to the Stockholm International Peace Research Institute.
That means the $300 billion annual climate finance target equates to 45 days of global military spending.
BURNING OIL
$300 billion is currently the price tag for all the crude oil used by the world in a little over 40 days, according to Reuters calculations based on global crude oil demand of approximately 100 million barrels/day and end-November Brent crude oil prices.
ELON MUSK
According to Forbes, Elon Musk's net worth stood at $321.7 billion in late November. The world's richest man and owner of social media platform X has co-founded more than half a dozen companies, including electric car maker Tesla and rocket producer SpaceX.
STORM DAMAGE
Hurricane Katrina, one of the most devastating and deadliest cyclones in US history, caused $200 billion in damage alone in 2005.
This year's climate-fueled Hurricane Helene could end up costing up to $250 billion in economic losses and damages in the US, according to estimates by AccuWeather. While preliminary estimates by Morningstar DBRS suggest Hurricane Milton, also supercharged by ocean heat, could cost both the insured and uninsured nearly $100 billion.
BEAUTY BUYS
The global luxury goods market is valued at 363 billion euros ($378 billion) in 2024, according to Bain & Company.
COPPER PLATED
The GDP of Chile - the world's largest copper producing country - stood at $335.5 billion in 2023, according to World Bank data.
GREECE'S BAIL OUT
Euro zone countries and the International Monetary Fund spent some 260 billion euros ($271 billion) between 2010 and 2018 on bailing out Greece - the biggest sovereign bailout in economic history.
BRITISH BONDS
Britain's new government needs to borrow more to fund budget plans. Gilt issuance is expected to rise to 296.9 billion pounds ($372.05 billion) for the current financial year.
TECH TALLY
A 10% share of tech giant Microsoft is worth just over $300 billion, according to LSEG data. Meanwhile the market cap for US oil major Chevron stood at $292 billion.
CRYPTO
The annual climate finance target amounts to 75% of the total value of the global market for crypto currency Ether, the world's second-largest cryptocurrency.
Alternatively, 3 million Bitcoin would cover the annual climate finance target as the world's largest cryptocurrency closes in on the $100,000 mark following a rally fueled by Donald Trump winning the Nov. 5 US presidential election.
Jamal Mustafa Recalls to Asharq Al-Awsat Years with Saddam, his Imprisonment and Executionhttps://english.aawsat.com/features/5084825-jamal-mustafa-recalls-asharq-al-awsat-years-saddam-his-imprisonment-and-execution
Jamal Mustafa Recalls to Asharq Al-Awsat Years with Saddam, his Imprisonment and Execution
Dr. Jamal Mustafa al-Sultan speaks to Asharq Al-Awsat Editor-in-Chief Ghassan Charbel during the interview.
Dr. Jamal Mustafa al-Sultan, late Iraqi President Saddam Hussein’s son-in-law and second secretary, broke his silence and sat down with Asharq Al-Awsat to recall his time in prison and his years with the late president.
It’s not easy being Saddam’s son-in-law, son of his tribe and to rally the tribes to defend Baghdad only to discover that it has been occupied by the Americans, who have printed your image on playing cards and named you Iraq’s ninth most-wanted man. It’s not easy to seek safety in Syria, only to be turned away and then find yourself in prison.
It’s not easy to live in solitary confinement, and to be accused, while in prison, of leading a resistance and of sending booby-trapped cars. It’s not easy to learn while in prison that Saddam was detained by the American forces. It’s not easy to be summoned to trial in the Dujail case only to come face-to-face with Saddam himself.
It’s not easy to learn that “Mr. President” was executed at dawn on Eid al-Adha and that his corpse was strewn in front of then Prime Minister Nouri al-Maliki's house as he was celebrating his daughter’s wedding.
It’s not easy to learn from a judge in 2011 that there was no reason for you to remain on trial and that he was capable of releasing you in exchange for a hefty sum of dollars. Mustafa did not have that sort of money, so he was forced to remain in prison for nearly a decade before being released in 2021 due to a lack of evidence.
Weeks ago, I came across an old photo of Saddam with his whole family. Pictured were Saddam, his wife Sajidah, and his sons Uday and Qusay, daughter Raghad and her husband Hussein Kamel al-Majid, daughter Rana and her husband Saddam Kamel al-Majid, and daughter Hala and husband Mustafa. Five of the six men in the photo have been killed and only Mustafa remains.
Saddam Hussein surrounded by his family. (AFP)
He was born in Tikrit on October 1, 1964. He joined the president’s guard and was encouraged to continue his studies, earning a degree in political science. He played a major role in promoting sports and enjoyed strong ties with athletes. He was tasked with the tribe file and consequently forged extensive tis with them. He was trusted by Saddam and joined government meetings.
Mustafa was arrested on April 21, 2003, and released from al-Kadhimiya prison on June 17, 2021. He headed to Baghdad and later Erbil where he met with Kurdish leader Masoud Barzani. He then left Iraq for the Qatari capital Doha where he resides with Saddam’s widow Sajidah.
I approached Mustafa for an interview after he had shied away from the media, and he agreed to break his silence. As is tradition with tribes, he refused that I leave without a late lunch. The main meal was Habeet, the traditional Iraqi dish and Saddam’s favorite.
After leaving our meeting, I recalled what Abdul Raouf Rashid, the judge who issued the death sentence against Saddam in the Dujail case. He told me: “We acted according to the law and justice. Unfortunately, some officials turned the case into one of vengeance and gloating when they chose to execute him on Eid al-Adha. They desecrated Saddam’s corpse. Their actions are practically a gift to Saddam’s supporters who will keep his memory alive for a long time.”
I asked Mustafa about his time behind bars. He told Asharq Al-Awsat that he was on good terms with head of the Revolutionary Court Awad al-Bandar, who issued the death sentence. “He used to relay some of Saddam’s messages to me. (...) He was a good and brave man,” he said.
He recalled how he would receive cigars from Saddam that had his signature, a signal that he had received his messages. “I still have some of those cigars,” added Mustafa.
Saddam Hussein and Dr. Jamal Mustafa al-Sultan.
On Saddam’s morale during his time prison, Mustafa recalled: “The Iraqis, Arabs and Muslims know him well. They know that he was a brave and unyielding man. (...) It is no secret that he was aware that he was going to be executed. Everyone in jail was aware of this and we could not shake off the thought.”
Mustafa accused the trial of being corrupt and that any conviction could be made against Saddam to justify laying down the death penalty against him. “The trial was a farce. It was held by the Americans at Iranian orders and carried out by Iraqi agents to appease their Iranian and American masters. It was a tool to take revenge against the former regime,” stressed Mustafa.
Mustafa was with Saddam when he came under a failed assassination attempt in Dujail. “He was visiting Dujail just like any other city or village in Iraq. He met with citizens there who welcomed and celebrated his visit. He spoke to citizens and among them a woman. A sheep was slaughtered in his honor, and when we were about to get into our car, the woman splattered blood on the vehicle. We read this as a bad sign. So, we changed cars.”
“Soon after the convoy came under gunfire from gunmen hiding in nearby orchards. The president left his vehicles and several cars were damaged and people were injured. The president walked among the people to reassure them. After speaking to them, he returned to the car and headed back to the location where he had earlier delivered a speech. He delivered another speech before departing and we returned to Baghdad,” recalled Mustafa.
Saddam ordered the arrest of the suspects in the assassination attempt. “An hour after the attack Iranian President Hashemi Rafsanjani implied during a visit to Syria that they were behind the assassination. He said so from Damascus. This is damning evidence that Iran was behind the attack. They wanted to assassinate him. They knew that if they killed Mr. President that Iraq would fall in their hands,” he added. The suspects were eventually tried and executed.
Mustafa recalled the first day he was summoned to trial in the case. He entered the courtroom and saw Saddam there. “I remember exactly what I told him: ‘Peace be upon you, my father, father-in-law and dear leader,’” he revealed.
At the trial, Mustafa accused Iran of orchestrating several attacks in Baghdad, but the judge dismissed them, saying he was summoned to defend Saddam. Mustafa told the judge: “Mr. President is seen as a criminal by several of Iraq and the Ummah’s enemies, but he is a leader and brave son of Iraq and the Ummah.”
“You ask if I was punished for being Saddam’s son-in-law. The answer is yes. I remained in prison for 18 and a half years. Driven by spite, they only sought revenge. I paid a price and they tried to take revenge against me by keeping me in jail for so long. They came up with all sorts of charges against me, such as leading a resistance from behind bars,” continued Mustafa.
“They believed that I could have used my extensive ties to stage a coup once I was released from prison. So, they believed it was best that I remained and died there.” Mustafa was kept in solitary confinement for years. He recalled some sympathetic guards who treated him with respect because they were aware of his work in the sports sector and his vast network of relations.
Returning to Saddam, Mustafa said he met him twice while they were in prison. He recalled how painful it was to see him as he was his idol and he was surrounded by enemies on all sides. “He was a lion among them. He was firm in his principles and strove and sacrificed to uphold them.”
Dr. Jamal Mustafa al-Sultan's image on the playing cards of most-wanted Iraqis regime figures released by the US military.
Their first meeting took place in the jail and Mustafa said Saddam was in high spirits. They met the second time at court when Saddam declared that he had been tortured along with other detained leaders.
Mustafa learned of Saddam’s death when he noticed that the guards had taken away the radio the Americans had allowed them to keep so they could listen to the news. “We woke up one morning and it was gone. I also noticed a translator among our usual guard. This is a sign that something had happened,” he explained.
“Eventually we learned that Saddam was executed and martyred,” said Mustafa. “I said the following: ‘from now on Saddam will be a symbol of courage, heroism and sacrifice for all Iraqis, Arabs and Muslims. He will remain an eternal Arab leader.’ The translator translated my words to the guards, who remained silent. We then performed the prayer for the dead. Among us was Tariq Aziz, a Christian, but he also performed the prayer.”
“We were all in shock. His martyrdom was a shock to all honorable patriotic Iraqis, as well as Arabs and Muslims. He was also a great loss because he stood against the enemies. Everyone sensed his loss,” Mustafa added.
Saddam was executed on Eid al-Adha, which Mustafa said was deliberate to insult and humiliate the Arabs and Muslims.
“At the time, we heard claims that his corpse was strewn in front of Nouri al-Maliki's house. Maliki is allied to Iran. He was celebrating his daughter's wedding. The body was taken there to seal the revenge. They have never served or offered Iraq anything but revenge and destruction.”
The body was taken to Tikrit and later Al-Awja, Saddam’s birthplace, in the Salahuddin province. He was buried there and mourners from all over the world came to pay their respects. The grave remains a secret to only the most trusted people.
