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Egypt Promotes New 100-Pound Banknote at COP27

View of a COP27 sign on the road leading to the conference area in Egypt's Red Sea resort of Sharm el-Sheikh town, Egypt October 20, 2022. REUTERS/Sayed Sheasha
View of a COP27 sign on the road leading to the conference area in Egypt's Red Sea resort of Sharm el-Sheikh town, Egypt October 20, 2022. REUTERS/Sayed Sheasha
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Egypt Promotes New 100-Pound Banknote at COP27

View of a COP27 sign on the road leading to the conference area in Egypt's Red Sea resort of Sharm el-Sheikh town, Egypt October 20, 2022. REUTERS/Sayed Sheasha
View of a COP27 sign on the road leading to the conference area in Egypt's Red Sea resort of Sharm el-Sheikh town, Egypt October 20, 2022. REUTERS/Sayed Sheasha

Egypt promoted a new 100-pound banknote during the 2022 United Nations Climate Change Conference (COP27). The banknote displays the logo of the COP27 and its name in both English and Arabic on one side, and the form of the 100 pounds on the other.

The banknote was launched by the Egyptian finance ministry, represented by the Public Treasury and Mint Authority, to mark the launching of COP27 in Sharm El Sheikh.

The Public Treasury and Mint Authority is partaking in an exhibition held at the ministry of finance’s pavilion, in the COP27’s Green Zone, to promote the Egyptian heritage, and to ensure taking part in such a high-level event, as an official body responsible for a wide collection of releases including medals, coins, and copper motifs that depict historic events, figures, and occasions.

Egyptian finance minister Mohamed Maait said releasing a 100-pound commemorative banknote highlights the importance of the climate conference.

The Public Treasury and Mint Authority has made all efforts to produce auxiliary coins, and commemorative banknotes that document historic occasions and national projects, he added.

For his part, Hossam Khodr, head of the Public Treasury and Mint Authority, said the authority offers various creative works for Egypt’s visitors from around the world, including the “Tutankhamun Medals Collection” celebrating the 100th anniversary of the discovery of his cemetery, featuring six medals depicting the most known possession of Tutankhamun and old Pharaonic treasures; 11 medals of Muhammad Ali dynasty; the Collection of Historic Cairo, which was released to commemorate the 1050th anniversary of the establishment of historic Cairo, consisting of six medals featuring the capital’s most known landmarks such as Al-Azhar Mosque, the Aqmar Mosque, the Mausoleum of Imam al-Shafi’i, the Mosque of Sultan Hasan, and the Muhammad Ali Mosque.

It also displays commemorative coins depicting former presidents Gamal Abdel Nasser, and Muhammad Anwar el-Sadat, both released to celebrate the presidents’ 100th anniversary.

The Egyptian government has given the green light to issue uncirculated commemorative silver coins to celebrate 200 years on deciphering the ancient Egyptian language, and the emergence of Egyptology, as well as 100 years on the discovery of the Tutankhamun cemetery in Luxor Valley.

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Climate Change Causing More Change in Rainfall, Fiercer Typhoons, Scientists Say 

People and vehicles wade through the water along a street that was flooded by Typhoon Gaemi in Kaohsiung on July 25, 2024. (AFP)
People and vehicles wade through the water along a street that was flooded by Typhoon Gaemi in Kaohsiung on July 25, 2024. (AFP)
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Climate Change Causing More Change in Rainfall, Fiercer Typhoons, Scientists Say 

People and vehicles wade through the water along a street that was flooded by Typhoon Gaemi in Kaohsiung on July 25, 2024. (AFP)
People and vehicles wade through the water along a street that was flooded by Typhoon Gaemi in Kaohsiung on July 25, 2024. (AFP)

Climate change is driving changes in rainfall patterns across the world, scientists said in a paper published on Friday, which could also be intensifying typhoons and other tropical storms.

Taiwan, the Philippines and then China were lashed by the year's most powerful typhoon this week, with schools, businesses and financial markets shut as wind speeds surged up to 227 kph (141 mph). On China's eastern coast, hundreds of thousands of people were evacuated ahead of landfall on Thursday.

Stronger tropical storms are part of a wider phenomenon of weather extremes driven by higher temperatures, scientists say.

Researchers led by Zhang Wenxia at the China Academy of Sciences studied historical meteorological data and found about 75% of the world's land area had seen a rise in "precipitation variability" or wider swings between wet and dry weather.

Warming temperatures have enhanced the ability of the atmosphere to hold moisture, which is causing wider fluctuations in rainfall, the researchers said in a paper published by the Science journal.

"(Variability) has increased in most places, including Australia, which means rainier rain periods and drier dry periods," said Steven Sherwood, a scientist at the Climate Change Research Center at the University of New South Wales, who was not involved in the study.

"This is going to increase as global warming continues, enhancing the chances of droughts and/or floods."

FEWER, BUT MORE INTENSE, STORMS

Scientists believe that climate change is also reshaping the behavior of tropical storms, including typhoons, making them less frequent but more powerful.

"I believe higher water vapor in the atmosphere is the ultimate cause of all of these tendencies toward more extreme hydrologic phenomena," Sherwood told Reuters.

Typhoon Gaemi, which first made landfall in Taiwan on Wednesday, was the strongest to hit the island in eight years.

While it is difficult to attribute individual weather events to climate change, models predict that global warming makes typhoons stronger, said Sachie Kanada, a researcher at Japan's Nagoya University.

"In general, warmer sea surface temperature is a favorable condition for tropical cyclone development," she said.

In its "blue paper" on climate change published this month, China said the number of typhoons in the Northwest Pacific and South China Sea had declined significantly since the 1990s, but they were getting stronger.

Taiwan also said in its climate change report published in May that climate change was likely to reduce the overall number of typhoons in the region while making each one more intense.

The decrease in the number of typhoons is due to the uneven pattern of ocean warming, with temperatures rising faster in the western Pacific than the east, said Feng Xiangbo, a tropical cyclone research scientist at the University of Reading.

Water vapor capacity in the lower atmosphere is expected to rise by 7% for each 1 degree Celsius increase in temperatures, with tropical cyclone rainfall in the United States surging by as much as 40% for each single degree rise, he said.