 "Chemical watchdog to use Nobel Prize money for new award")
The world's chemical watchdog said today it will use the money it gets from this year's Nobel Peace Prize to set up its own award.
"Of course, we are not going to compete with the Nobel Peace Prize. It's going to be a modest prize just to recognise those who contribute to our goals," the director of Organisation for the Prohibition of Chemical Weapons (OPCW), Ahmet Uzumcu, told reporters in Oslo.
"We are going to use it to establish an annual award for the OPCW to be given to those who demonstrate that they have made an outstanding contribution to the achievement of the goals of our convention," he said.
On October 11, the Norwegian Nobel Committee named the OPCW the winner of this year's peace prize for its efforts around the world.
The award came at a time when all eyes were on Syria after a nerve gas attack killed hundreds on the outskirts of Damascus on August 21.
The Nobel prize consists of a gold medal, a diploma and a sum of eight million Swedish kronor $1.2 million.
"Of course, we are not going to compete with the Nobel Peace Prize. It's going to be a modest prize just to recognise those who contribute to our goals," the director of Organisation for the Prohibition of Chemical Weapons (OPCW), Ahmet Uzumcu, told reporters in Oslo.
"We are going to use it to establish an annual award for the OPCW to be given to those who demonstrate that they have made an outstanding contribution to the achievement of the goals of our convention," he said.
On October 11, the Norwegian Nobel Committee named the OPCW the winner of this year's peace prize for its efforts around the world.
The award came at a time when all eyes were on Syria after a nerve gas attack killed hundreds on the outskirts of Damascus on August 21.
The Nobel prize consists of a gold medal, a diploma and a sum of eight million Swedish kronor $1.2 million.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%