G20 split on climate goals as China, India push back on coal phaseout

Japan's Environment Minister Shinjiro Koizumi and Italy's Ecological Transition Minister Roberto Cingolani pose for a photograph at the start of the G20 Environment, Climate and Energy Ministers' Meeting in Naples, Italy, July 22, 2021. (Reuters)
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Updated 24 July 2021
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G20 split on climate goals as China, India push back on coal phaseout

  • Coal phaseout 2025 deadline too soon for some nations
  • Some wanted more aggressive global warming target than Paris 2015

NAPLES: Energy and environment ministers from the Group of 20 rich nations have failed to agree on the wording of key climate change commitments in their final communique after China and India refused to give way on two key points.

One of these was phasing out coal power, which most countries wanted to achieve by 2025 but some said would be impossible for them.

The other concerned the wording surrounding a 1.5-2 degree Celsius limit on global temperature increases that was set by the 2015 Paris Agreement.

Average global temperatures have already risen by more than 1 degree compared to the pre-industrial baseline used by scientists and are on track to exceed the 1.5-2 degree ceiling.

“Some countries wanted to go faster than what was agreed in Paris and to aim to cap temperatures at 1.5 degrees within a decade, but others, with more carbon-based economies, said let’s just stick to what was agreed in Paris,” said Italy’s Ecological Transition Minister Roberto Cingolani.

The G20 meeting was seen as a decisive step ahead of United Nations climate talks, known as COP 26, which take place in 100 days’ time in Glasgow in November.

Italy holds the rotating presidency of the G20, and Cingolani, as chairman of the two-day gathering, said negotiations with China, Russia and India had proved especially tough.

The G20 nations, which includes Saudi Arabia, collectively account for some 80 percent of the world’s gross domestic product and some 60 percent of the planet’s population.

At the Naples talks, the United States, the European Union, Japan and Canada made clear they “firmly intend to go faster than the Paris agreement by the (end of) the decade, and below 1.5 degrees,” Cingolani said.

Cingolani said the G20 had made no new financial commitments, but added that Italy would increase its own climate financing for underdeveloped countries.

The urgency of climate action has been brought home this month by deadly floods in Europe, fires in the United States and sweltering temperatures in Siberia, but countries remain at odds over how to pay for costly policies to reduce global warming.

Despite the two points of disagreement, Cingolani said the G20 had put together a 58-point communique and that all the countries agreed that decarbonization was a necessary goal.

All G20 members agreed to at least meet the Paris goals.

US President Joe Biden’s climate envoy, John Kerry, participated in the Naples talks. Earlier in the week, Kerry called on China to join the United States in urgently cutting greenhouse gases.

The majority of the countries at the conference also backed a goal of moving faster to reduce the use of coal, the Italian minister said, without naming all of the nations.

But during the talks, China, as well as Russia and India, were “more prudent” in embracing more ambitious goals, Cingolani said.

“For those countries, it means putting into question an economic model,” he said.

Exactly what commitment nations, including those which heavily pollute, are willing to make toward fighting climate change will be also on display at UN climate conference taking place in Scotland in November.

The national leaders of the G20 countries will have the opportunity to thrash out the sticking points that emerged in Naples when they meet in Rome at the end of October.


Saudi-built AI takes on financial crime

Updated 6 sec ago
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Saudi-built AI takes on financial crime

  • Mozn’s FOCAL reflects the Kingdom’s growing fintech ambitions

RIYADH: As financial institutions face increasingly complex threats from fraud and money laundering, technology companies are racing to build systems that can keep pace with evolving risks. 

One such effort is FOCAL, an AI-powered compliance and fraud prevention platform developed by Riyadh-based enterprise artificial intelligence company Mozn.

Founded in 2017, Mozn was established with a focus on building AI technology tailored to regional market needs and regulatory environments. Over time, the company has expanded its reach beyond Saudi Arabia, developing advanced AI solutions used by financial institutions in multiple markets. It has also gained international recognition, including being listed among the World’s Top 250 Fintech Companies for the second consecutive year.

In January 2026, Mozn’s flagship product, FOCAL, was named a Category Leader in Chartis Research’s RiskTech Quadrant 2025 for both AML Transaction Monitoring and KYC (Know Your Customer) Data and Solutions, placing it among 10 companies globally to receive this designation.

Malik Alyousef, co-founder of Mozn and chief technology officer of FOCAL, told Arab News that the platform initially focused on core anti-money laundering functions when development began in 2018. These included customer screening, watchlists, and transaction monitoring to support counter-terrorism financing efforts and the detection of suspicious activity.

As financial crime tactics evolved, the platform expanded into fraud prevention. According to Alyousef, this shift introduced a more proactive model, beginning with device risk analysis and later incorporating tools such as device fingerprinting, behavioral biometrics, and transaction fraud detection.

More recently, FOCAL has moved toward platform convergence through its Financial Crime Intelligence layer, a vendor-neutral framework designed to bring together multiple systems into a single interface for investigation and reporting. The approach allows institutions to gain a consolidated view without replacing their existing technology infrastructure.

“Our architecture eliminates blind spots in financial crime detection. It gives institutions a complete view of the user journey, combining transactional and non-transactional behavioral data,” Alyousef said.

DID YOU KNOW?

• Some electronic money institutions using the platform have reported fraud reductions of up to 90 percent.

• The platform combines anti-money laundering and fraud prevention into a single financial crime intelligence system.

• FOCAL integrates with existing banking systems without requiring institutions to replace their technology stack.

Beyond its underlying architecture, Alyousef pointed to several areas where FOCAL aims to differentiate itself in a competitive market. One is its emphasis on proactive fraud prevention, which assesses risk throughout the customer lifecycle — from onboarding and login behavior to ongoing account activity — with the goal of stopping fraud before losses occur.

He described the platform as an “expert-led model,” highlighting the availability of on-the-ground support for system design, tuning, assessments, and continuous optimization throughout its use.

“FOCAL is designed to be extended,” Alyousef added, noting its adaptability and the ability for clients to customize schemas, rules, and data fields to match their business models and risk tolerance. This flexibility, he said, allows institutions to respond more quickly to emerging fraud patterns.

Alyousef also emphasized the importance of local context in the platform’s development.

“The platform incorporates regional regulatory requirements and language considerations. Global tools often struggle with local context, naming conventions and compliance nuances — we are designed specifically with these realities in mind,” he said.

FOCAL is currently used by a range of organizations, including traditional banks, digital banks, fintech firms, electronic money institutions, payment companies, and other financial service providers. Alyousef said results from live deployments have been significant, with some large EMI clients reporting fraud reductions of up to 90 percent.

“Clients benefit not only from reduced fraud losses but also from an improved customer experience, as the system minimizes unnecessary friction and false rejections,” he said. “Beyond financial services, we also work with organizations in e-commerce and telecommunications.”

Looking ahead, Alyousef said the company sees agentic AI as a key direction for the future of financial crime prevention, both in the region and globally. Mozn, he added, is investing heavily in this area to enhance investigative workflows and operational efficiency, building on the capabilities of its Financial Crime Intelligence layer.

“We are pioneers in introducing agentic AI for financial crime investigation and rule-building. Our roadmap increasingly emphasizes automation, advanced machine learning and AI-assisted workflows to improve investigator productivity and reduce false positives.”

As AI tools become more widely available, Alyousef warned that the risk of misuse by criminals is also increasing, raising the bar for defensive technologies.

“Our goal is to stay ahead of that curve and to contribute meaningfully to positioning Saudi Arabia and the region as globally competitive leaders in AI,” he said.