COP

Landmark UAE Consensus becomes defining framework for all countries to keep 1.5°C within reach and ensure global implementation

Retrieved on: 
Monday, February 12, 2024

The UAE Consensus also successfully operationalized and began financing a fund to address Loss and Damage for the first time.

Key Points: 
  • The UAE Consensus also successfully operationalized and began financing a fund to address Loss and Damage for the first time.
  • The UAE Consensus reaffirms the UAE's position as a global leader in multilateral climate and development settings.
  • The UAE Consensus also proved that multilateralism can still work, even at a time of high geopolitical tension.
  • An important opportunity lies in working multilaterally on commitments to deliver high-ambition decisions at COP28, including through the UAE Consensus.

Mundo Verde Climate Leads Groundbreaking Transaction in the Global Voluntary Carbon Market

Retrieved on: 
Tuesday, February 6, 2024

Geneva, Feb. 05, 2024 (GLOBE NEWSWIRE) -- Mundo Verde Climate, a global player in climate finance and climate change risk management advisory, announced its pivotal role in one of the most significant transactions of 2023 within the global voluntary carbon market.

Key Points: 
  • Geneva, Feb. 05, 2024 (GLOBE NEWSWIRE) -- Mundo Verde Climate, a global player in climate finance and climate change risk management advisory, announced its pivotal role in one of the most significant transactions of 2023 within the global voluntary carbon market.
  • Mundo Verde Climate took an instrumental role in developing the voluntary carbon units from Biotrend’s waste to energy activities through a certification and verification process under VERRA.
  • The transaction, covering over 2.4 million tons of CO2 in total, refers to voluntary carbon credits for release on the international market.
  • Mundo Verde Climate, together with Biotrend, hopes that the initiative will provide much-needed carbon credits to satisfy demand in the voluntary offsetting market and inspire others to advance their projects and stimulate the market.

COP 28 Emphasizes Greenfilled's Sustainable Manufacturing Process

Retrieved on: 
Wednesday, January 31, 2024

FORT LAUDERDALE, Fla., Jan. 31, 2024 /PRNewswire/ -- COP 28 ended a month ago, and the basic takeaways from the conference were clear immediately. The climate change conference shined a new light on the growing need to transition away from fossil fuel and focus on renewable energy and similarly sustainable solutions moving forward.

Key Points: 
  • COP 28 Highlighted Yet Again the Importance of Reducing Waste and Preserving Our Future.
  • FORT LAUDERDALE, Fla., Jan. 31, 2024 /PRNewswire/ -- COP 28 ended a month ago, and the basic takeaways from the conference were clear immediately.
  • "We create TetraSOD® from marine phytoplankton grown at our sustainable farm rather than extracted from the oceans," explains Castaño.
  • Coming out of COP 28, individuals and businesses alike are mulling over how to create a sustainable future.

Final Federal Approvals for Dominion Energy's Coastal Virginia Offshore Wind Represent Another Major Milestone Towards Successful Project Completion

Retrieved on: 
Tuesday, January 30, 2024

The Bureau of Ocean Energy Management (BOEM) provided its final approval of CVOW's Construction and Operations Plan (COP), which authorizes construction offshore.

Key Points: 
  • The Bureau of Ocean Energy Management (BOEM) provided its final approval of CVOW's Construction and Operations Plan (COP), which authorizes construction offshore.
  • "Virginia is leading the way for offshore wind as we near the start of offshore construction for Coastal Virginia Offshore Wind," said Bob Blue, Dominion Energy's chair, president, and chief executive officer.
  • "In an important step forward, we are thrilled to see the Coastal Virginia Offshore Wind project receive two major approvals that will place the nation's largest offshore wind farm right off the coast of Virginia," Senator Mark Warner, Senator Tim Kaine and Representative Bobby Scott said in a joint statement.
  • CVOW will consist of 176 turbines and three offshore substations in a nearly 113,000-acre lease area off the coast of Virginia Beach.

Ørsted to acquire full ownership of Sunrise Wind subject to award in New York 4 offshore wind solicitation

Retrieved on: 
Tuesday, January 30, 2024

Ørsted has signed an agreement with Eversource to acquire Eversource’s 50 % share of Sunrise Wind, a 924 MW offshore wind farm which would deliver power to New York.

Key Points: 
  • Ørsted has signed an agreement with Eversource to acquire Eversource’s 50 % share of Sunrise Wind, a 924 MW offshore wind farm which would deliver power to New York.
  • The acquisition is subject to the successful award of Sunrise Wind in the ongoing New York 4 solicitation for offshore wind capacity, signing of an OREC (Offshore Wind Renewable Energy Certificates) contract with New York’s energy agency, NYSERDA, entry into long-form acquisition agreements, receipt of construction and operations plan (COP), and relevant regulatory approvals.
  • If Sunrise Wind is not successful in the solicitation, the existing OREC contract for Sunrise Wind will be cancelled per the state’s requirements, and Ørsted’s and Eversource’s 50/50 joint venture for Sunrise Wind will remain in place.
  • “Sunrise Wind will be our third offshore wind farm off the northeast coast, following South Fork and Revolution Wind, which are already under construction.

New to The Street Announces Episode 551, Five Corporate Interviews, Airing on the FOX Business Network, Monday, January 29, 2024, at 10:30 PM PT

Retrieved on: 
Friday, January 26, 2024

As a clinical-stage biopharmaceutical business, ACXP is developing a new class of antibiotics for life-threatening bacterial infections.

Key Points: 
  • As a clinical-stage biopharmaceutical business, ACXP is developing a new class of antibiotics for life-threatening bacterial infections.
  • Based on positive data from Phase 2a and Phase 2b, management is now going forward with the FDA Phase 3.
  • The Company compared its top-line data with the currently used standard-of-care drugs in the marketplace, and Ibezapolstat has impressive positive results .
  • Phases 2a and 2b confirmed that the drug had success in 25 out of 26 patients, approximately 94% success with no reinfections.

Lightbridge Announces Upcoming Industry Event and Media Interview

Retrieved on: 
Monday, January 22, 2024

RESTON, Va., Jan. 22, 2024 (GLOBE NEWSWIRE) -- Lightbridge Corporation (“Lightbridge”) (Nasdaq: LTBR), an advanced nuclear fuel technology company, today announced that Lightbridge President and CEO Seth Grae will participate in upcoming industry and media events.

Key Points: 
  • RESTON, Va., Jan. 22, 2024 (GLOBE NEWSWIRE) -- Lightbridge Corporation (“Lightbridge”) (Nasdaq: LTBR), an advanced nuclear fuel technology company, today announced that Lightbridge President and CEO Seth Grae will participate in upcoming industry and media events.
  • Lightbridge President and CEO Seth Grae will be interviewed on BNN Bloomberg TV’s “The Street”, hosted by Paul Bagnell.
  • Lightbridge has released its latest newsletter , recapping the latest company developments and milestones, including coverage at COP 28.
  • The newsletter is available atop the Lightbridge home page at www.ltbridge.com .

Ørsted to acquire full ownership of Sunrise Wind subject to award in New York 4 offshore wind solicitation

Retrieved on: 
Wednesday, January 24, 2024

Ørsted has signed an agreement with Eversource to acquire Eversource’s 50 percent share of Sunrise Wind, a 924 MW offshore wind farm which would deliver power to New York.

Key Points: 
  • Ørsted has signed an agreement with Eversource to acquire Eversource’s 50 percent share of Sunrise Wind, a 924 MW offshore wind farm which would deliver power to New York.
  • The acquisition is subject to the successful award of Sunrise Wind in the ongoing New York 4 solicitation for offshore wind capacity, signing of an OREC (Offshore Wind Renewable Energy Certificates) contract with New York’s energy agency, NYSERDA, finalization of acquisition agreements, receipt of construction and operations plan (COP), and relevant regulatory approvals.
  • If Sunrise Wind is not successful in the solicitation, the existing OREC contract for Sunrise Wind will be cancelled per the state’s requirements, and Ørsted and Eversource’s 50/50 joint venture for Sunrise Wind will remain in place.
  • “Sunrise Wind will be our third offshore wind farm off the Northeast coast, following South Fork and Revolution Wind, which are already under construction.

Business Leaders Are Overwhelmingly Positive About the Green Transition, but More Needs to Be Done to Implement Green Skills Programmes

Retrieved on: 
Wednesday, January 17, 2024

Accordingly, the Green Skills Outlook found that 62% of global business leaders say shortages in green skills will create bottlenecks that will delay the green transition.

Key Points: 
  • Accordingly, the Green Skills Outlook found that 62% of global business leaders say shortages in green skills will create bottlenecks that will delay the green transition.
  • As greener industries gain prominence, the Green Skills Outlook shows that business leaders are overwhelmingly optimistic about the green transition, with 79% saying it presents more opportunities than challenges for their organisation.
  • Such skills will range from non-vocational, non-technical soft skills that are needed to excel in green jobs, to more technical, role-specific skills.
  • Definition of green skills: the knowledge, competencies, values and attributes needed to develop and support a sustainable, low-carbon and resource-efficient society.

Study Suggests Significant Greenhouse Gas Emissions Linked to Ukraine Conflict

Retrieved on: 
Friday, January 19, 2024

WASHINGTON, Jan. 19, 2024 /PRNewswire/ -- A recently released study sheds light on substantial greenhouse gas (GHC) emissions associated with the war in Ukraine.

Key Points: 
  • WASHINGTON, Jan. 19, 2024 /PRNewswire/ -- A recently released study sheds light on substantial greenhouse gas (GHC) emissions associated with the war in Ukraine.
  • Examining the initial 18 months since the conflict's commencement in 2022, the study emphasizes the intricacies of monitoring GHC emissions during wartime.
  • Prof. Bun emphasized that following the current U.N. convention would attribute all emissions to Ukraine, including those resulting from war-related damages.
  • The study suggests that GHG emissions from Ukraine's territory during the 1.5-year period exceeded the annual emissions of some European countries, such as Austria, Portugal, and Hungary.