Fintech PR
CLIMATE CRISIS FINALLY TAKES CENTRE STAGE IN GLOBAL POLITICS
GENERATION INVESTMENT MANAGEMENT’S 7TH ANNUAL SUSTAINABILITY TRENDS REPORT HIGHLIGHTS THE BOLD NEW POLICY COMMITMENTS UNDERPINNING THE CRITICAL PERIOD FOR ACTION ON THE CLIMATE CRISIS
LONDON and SAN FRANCISCO, Sept. 14, 2023 /PRNewswire/ — Generation Investment Management, the sustainable investment manager, today published its seventh Sustainability Trends Report, which annually seeks to answer the question of where the world stands in the transition to a low-emissions economy. This year’s assessment analyses how climate change has moved to the centre of global politics and how rapid shifts in policy are transforming the outlook for the energy transition across the global economy – from the power sector and transportation to buildings, industrials, land use and climate finance.
Al Gore, Chairman of Generation Investment Management, said: “The last year proved that we have finally mustered political will to take significant steps forward in global efforts to solve the climate crisis. At long-last, we have arrived at a political tipping point, as new ambition from the United States, the European Union, Australia and Brazil, among many other nations has accelerated the implementation of climate solutions in key economies around the world. These are significant signs of progress, but despite reaching this tipping point, we have not yet crossed the threshold that puts us on a path to averting the worst impacts of this crisis.”
“Political progress in the past year has kicked off a global race to the top for climate policy, but we are still far from the finish line. Despite the very welcome progress, society has still not committed itself fully to writing laws, mobilising capital, revising longstanding practices and building clean machinery at the pace required. If we are to achieve the goals of the Paris Agreement, emissions need to fall sharply every year, and be cut in half by 2030. We have the solutions at hand but remain in a race against time – one that must be fuelled by both friendly competition and collaboration.”
EMISSIONS REDUCTION MEASURES – A LONG TIME COMING
For decades, public policy and private sector commitments have failed to achieve any meaningful reduction in global greenhouse gas emissions. Indeed, emissions are still rising today. But the world finally appears to be nearing the point where emissions will peak and begin to fall. That is likely because many of the clean-energy technologies needed now are growing at a rapid pace, which has accelerated sharply in the past year.
In most cases, it was not the climate crisis alone that prompted this rapid acceleration but rather the ramifications for global energy markets caused by Russia’s attack on Ukraine. The war precipitated the first truly global energy crisis, with soaring prices and fears of supply shortages. For many countries, escaping their addiction to Russian fossil fuels converged perfectly with their ambition to switch to clean energy. That intersection of priorities has led to rapid shifts in policy that are helping to change the pace and outlook of the energy transition.
A SHIFT IN POLICIES – BUT WITH A PARADOX BUILT IN
The acceleration to decarbonise has a clear paradox built in – Western countries are trying to speed-up their transitions while simultaneously replicating the supply chains that exist already in China. As compared to China, no country is spending more on clean energy; no country is moving faster on nuclear power; and no other country can bring to bear the sheer industrial might of China to try to scale up solutions. Yet China is also building more coal-burning power plants than any country in the world, at a pace that has accelerated sharply in the past few years as China copes with power shortages. Global emissions will likely reach their peak and begin to fall only when China finally begins to reduce its use of coal.
How far Western countries will go in trying to decouple their economies from China, partly through the ‘reshoring’ of clean energy manufacturing, is unclear. Consequently, it is unclear to what extent reshoring will slow the energy transition, compared to its maximum achievable pace. While complete decoupling will almost certainly be impossible, policy responses to this challenge will play a critical role in the speed of the global energy transition.
IS THE RESHORING OF CLEAN ENERGY A POLITICAL NECESSITY?
In the United States, the impact of the Inflation Reduction Act (IRA) has been unprecedented. Its policies have precipitated a wave of announcements of new electric vehicle manufacturing sites and clean energy developments. Critically, US states whose leaders have otherwise shunned policies aimed at accelerating the adoption of clean energy have seen much of the benefits of this law through new investment and job creation in the tens of thousands.
The IRA is building a new political constituency for the energy transition which over time could make opposition less tenable. Critically, it shows other countries one example of how broad coalitions can be built in support of the clean-energy economy. For the clean economy to win on a global scale, the political cost of trying to undermine it must become too high.
Other accelerating trends outlined in the report include:
Power: an emissions peak is near, but grid issues pose an increasing challenge
- Wind and solar power are now supplying 80 percent of new power demand worldwide. The report suggests that we are no more than a few years away from the point where wind and solar begin to supply more than 100 percent of new demand – meaning it will begin to claim market share from fossil fuels for the first time.
- However, countries need to focus intently on solving the increasingly significant challenge of interconnection queues to enable renewable power to connect to the grid at the speed it needs to. Waiting lists that used to stretch for 18 months are now running for five years, and the situation is getting worse.
Transportation: we have entered the steep part of the curve for the growth of electric cars
- Sales of electric cars jumped nearly 60 percent last year globally, and on that higher base, another jump of 30 to 35 percent is forecast for this year. Approximately half of all two- and three-wheelers sold worldwide are electric.
- Shortages and spiking prices for the critical minerals needed to build them, particularly lithium, provide a challenge to the rollout of electric vehicles. Avenues to secure new supply and to ensure respect for human rights and fair treatment of the countries and people that host those mines must be found.
Buildings: we still are not where we need to be, but there is some good news
- Heat pumps can help us decarbonise buildings – sales soared over 50 percent in Germany last year and they are rising at double digits worldwide. In the United States, sales of heat pumps have now surpassed those of gas furnaces for the first time.
- We are not making as much progress on fixing the shells of our buildings to improve energy efficiency, and that is critical, so it is clear that new public policy is going to be needed.
Industry: decarbonisation efforts are finally starting to move, though not fast enough
- We are finally seeing movements in the early stages of industrial decarbonisation, not least with the surge in the development of hydrogen projects worldwide.
- Clean hydrogen can play an important role in decarbonising the chemicals, steel, aviation and shipping industries. The challenge ahead for governments is to ensure production is scaled and costs fall – and in discerning the end uses where hydrogen does not make economic sense.
Land & Food: some big developments, both good and bad
- There are major new commitments to protecting forests and the ocean, including a global agreement on biodiversity in which the nations of the world agreed to put 30 percent of the world’s land and ocean resources under legal protection by 2030. The European Union has also adopted a new law that will ban the import of “products of deforestation.”
- New revelations have rightly heightened negative attention on carbon offsets used by corporations and individuals. Efforts are under way to clean up the carbon offsets market, but it could prove challenging.
Financing the Transition: some attempts to solve the biggest problem
- The International Energy Agency estimates the world will need to mobilise nearly $5 trillion per year by the 2030s to decarbonise the world economy. The magnitude of change presents an opportunity for investors unlike any other in the history of financial markets. Though capital flows have been scaling rapidly, they are still not large enough, and are not adequately targeting the hard to abate sectors and the Global South.
- Just Energy Transition Partnerships, involving the World Bank and big donor countries, are helping developing nations including India, Indonesia, Senegal, South Africa and Vietnam secure financing for new energy infrastructure. But these deals may be too slow and too piecemeal to achieve real change. We need an ambitious global plan to speed-up the transition in developing countries.
- Stewards of capital must play a leading role to achieve a low-emissions economy. The investment industry should adopt a new framework for capital allocation that expands what capital markets value.
Media Contact
Richard Campbell
Kekst CNC
[email protected]
+44 (0) 7775 784 933
About Generation Investment Management
Generation Investment Management LLP is dedicated to long-term investing, integrated sustainability research and client alignment. It is an independent, private, owner-managed partnership established in 2004 and headquartered in London, with a US presence in San Francisco, with more than $44 billion of assets under management and supervision.1 For further information, please visit https://www.generationim.com/
1 Assets under management as at 30 June 2023 are $34.0 billion and assets under supervision (AUS) as at 31 March 2023 are $10.9 billion.
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Fintech PR
2025 Will See Increased QR Code Payments but Payment Card IC ASPs Will Not Return to Pre-Covid Levels
ABI Research’s 5th annual Trend Report identifies the key Digital Payment Technologies trend that will come to fruition —and the 1 that won’t—in 2025
NEW YORK, Dec. 24, 2024 /PRNewswire/ — As 2025 kicks off, predictions abound on the technology innovations expected in the year ahead. In its new whitepaper, 101 Technology Trends That Will—and Won’t—Shape 2025, analysts from global technology intelligence firm ABI Research. ABI Research analysts identify 54 trends that will shape the technology market and 47 others that, although attracting vast amounts of speculation and commentary, are less likely to move the needle over the next twelve months. In the Digital Payment Technologies space, 2025 will see increased QR code payment acceptance but little growth for payment card IC ASPs.
“2024 has been marked by challenges, from global conflicts and inflationary pressures to political uncertainty. These factors have strained enterprise and consumer spending, leading to market inertia, short-term technology investments, sidelined capital, and the exposure of vulnerable suppliers,” says Stuart Carlaw, Chief Research Officer at ABI Research. “From a technology perspective, many industries and end markets are in that awkward stage of technology adoption where they are formulating implementation strategies, assessing solutions and partners, and trying to see if they have the resources needed to roll out solutions at scale. This is a particularly sensitive time, which tends to suggest 2025 will have tech implementers and end users on the brink of a period of a massive technology shift as they work through these issues.”
What Will Happen in 2025:
QR code payment acceptance will continue to increase with use cases expanding
Although QR code payment acceptance is prevalent in countries such as China and growing in emerging digital payment markets, including in India, use cases and potential growth areas are not limited to these countries. Significant and continued investments by vendors, including PayPal, Stripe, and SumUp, are setting the foundation for increased adoption in other mature and established economies with use cases expanding. Although QR codes are already being used by many Small and Medium Enterprises (SMEs) and pop-up retail businesses, 2025 will mark the year when the technology begins to shift from one niche to partial mainstream.
What Won’t Happen in 2025:
Payment card IC ASPs will not return to pre-COVID-19 levels
Since the COVID-19 pandemic, chipset pricing has been on a continual rise, driven by increased pricing in myriad manufacturing areas, including energy, raw material, transit pricing, and inflation, driving up wages. The chip shortage further compounded this, and according to ABI Research, the Average Selling Price (ASP) for a payment card Integrated Circuit (IC) increased by approximately +30% between 2020 and 2023. However, despite pricing pressures returning, the cost of payment ICs is some years away from matching pre-COVID-19 levels. Although 2025 will mark another year of pricing deprecation, it will not be until around 2028 when pricing is expected to drop to levels similar to those achieved in 2019 steadily.
For more trends that will and won’t happen in 2025, download the whitepaper, 101 Technology Trends That Will—and Won’t—Shape 2025.
About ABI Research
ABI Research is a global technology intelligence firm uniquely positioned at the intersection of technology solution providers and end-market companies. We serve as the bridge that seamlessly connects these two segments by providing exclusive research and expert guidance to drive successful technology implementations and deliver strategies proven to attract and retain customers.
ABI Research是一家全球性的技术情报公司，拥有得天独厚的优势，充当终端市场公司和技术解决方案提供商之间的桥梁，通过提供独家研究和专业性指导，推动成功的技术实施和提供经证明可吸引和留住客户的战略，无缝连接这两大主体。
For more information about ABI Research’s services, contact us at +1.516.624.2500 in the Americas, +44.203.326.0140 in Europe, +65.6592.0290 in Asia-Pacific, or visit www.abiresearch.com.
Contact Info:
Global
Deborah Petrara
Tel: +1.516.624.2558
[email protected]
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Fintech PR
Bybit Champions Web3 Innovation and Strengthens Ties with Asia’s Crypto Community at Taipei Blockchain Week
DUBAI, UAE, Dec. 24, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange, debuted at the Taipei Blockchain Week Dec. 12 to 14, 2024, spotlighting the vibrant Web3 innovations on its platform alongside a dynamic roster of its strategic Layer 1 ecosystem partners.
Featuring side events in collaboration with the Solana Foundation, the Sui Foundation, and a dazzling lineup of multichain projects, Bybit Web3 dedicated the Taipei tour to building up communities and deepening connections with Web3 ecosystem partners. The Bybit delegation also took the stage to uncover the latest insights on Web3, building with a purpose, and the future of blockchain utilities and DeFi.
Purpose, Innovation, and Partnerships
Representing Bybit at the conference were MK Chin, Core Contributor for Blockchain for Good Alliance and Head of Marketing of Bybit Web3, and Angela Huang, Bybit VIP Relationship Manager, at various panels.
Expanding on blockchain technology’s potential in building better realities for all, Chin joined as a panellist in the session Marketing Web3: Strategies to Engage and Onboard the Next Billion Users. Chin shared learnings and actionable insights from the Bybit-supported Blockchain for Good initiative (BGA), elaborating on both real-world utilities of blockchain technologies and the trickling down of benefits to grassroot communities.
Meanwhile, Angela Huang moderated three sessions closely tied to Bybit’s mission, steering conversations on crucial industry topics:
- The panel Bridging TradFi and DeFi: The Exchange’s Role in User Onboarding on Dec. 12 examined how exchanges could elevate access to the digital economy for users at scale.
- On Dec. 13, Networked Intelligence: The Rise of Decentralized AI explored the intersection of blockchain and AI, showcasing their potential to transform and democratize finance.
- The Building for Impact: How Female Founders Drive Purpose-Driven Innovation panel on Dec. 14 highlighted the evolving role of women leaders in driving solution-oriented innovation.
Another highlight at the event was amplified globally via Bybit Livestream. Collaborating with the Sui Foundation, Ondo, DeepBook, Scallop, NAVI, and other leading projects, Bybit Web3 led a critical debate on the future of Sui’s growth strategy: Sui Ecosystem Showdown: Mass Adoption vs. Native Growth. Hosted by Emily Bao, Head of Web3 and Spot at Bybit, the livestream attracted over 6,500 viewers live at the Taipei Blockchain Week and globally on Dec. 13.
Deepening Bonds: Key Web3 Ecosystems and Communities
Bybit Web3 brought the local community closer to its world-class ecosystem partners with engaging community events, co-hosting Taiwan DeFi Flow with Sui and Scallop on Dec. 12, and Solana Ecosystem Taipei Greetings with the Solana Foundation and Solar with the support of Orderly Network, Zetachain, Jupiter, and Sonic, on Dec. 14. Through collaborations and innovation, Bybit Web3 opens up new on-chain possibilities for partners and stakeholders to expand the Web3 universe.
These relaxed evening gatherings provided a convivial backdrop for like-minded builders and entrepreneurs to network, exchange ideas, and celebrate their shared enthusiasm for DeFi and dApps in Asia’s growing Web3 innovation hub.
“It’s been an incredible experience connecting with the builders, believers, users, creators, and supporters driving innovation on Solana and Sui. These moments remind us of the heart and spirit of Web3—a vibrant ecosystem shaped by collaboration and shared vision. I’m deeply proud to witness this growth, grateful for every connection made, and excited for the road ahead,” said MK Chin, Core Contributor for Blockchain for Good Alliance and Head of Marketing of Bybit Web3.
“Taipei Blockchain Week showcased the immense growth and potential of Web3 innovation in Asia. Representing Bybit, I had the honor to collaborate with industry leaders to explore Web3’s limitless possibilities, from DeFi and AI to real-world applications. Together, we are shaping a more inclusive global crypto community,” said Angela Huang, Bybit VIP Relationship Manager.
In the past year, Bybit has seen exponential growth in its user base, surging to over 60 million by the end of 2024. It has also invested in vertical growth through community engagements across the world. Connected by the passion for the future of crypto, blockchain, and Web3, the Bybit family is on track to building an inclusive and sustainable path to growth for the industry.
#Bybit / #TheCryptoArk / #BybitWeb3
About Bybit Web3
Bybit Web3 is redefining openness in the decentralized world, creating a simpler, open, and equal ecosystem for everyone. We are committed to welcoming builders, creators, and partners in the blockchain space, extending an invitation to both crypto enthusiasts and the curious, with a community of over 130 million wallet addresses across over 30 major ecosystem partners, and counting.
Bybit Web3 provides a comprehensive suite of Web3 products designed to make accessing, swapping, collecting and growing Web3 assets as open and simple as possible. Our wallets, marketplaces and platforms are all backed by the security and expertise that define Bybit as the world’s second-largest cryptocurrency exchange by trading volume, trusted by over 50 million users globally.
Join the revolution now and open the door to your Web3 future with Bybit.
For more details about Bybit Web3, please visit Bybit Web3.
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.
For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: [email protected]
For updates, please follow: Bybit’s Communities and Social Media
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TIANJIN, China, Dec. 24, 2024 /PRNewswire/ — On December 7, 2024, AIMA Technology Group warmly invited a delegation of five top-performing U.S. IBD dealers to visit its headquarters. Accompanying the group was Angela Zheng, CEO of AIMA’s U.S. subsidiary, AIMA EBIKE, along with her sales, marketing, and customer service teams. This visit not only marked a deepened connection between AIMA and the mainstream U.S. market but also provided U.S. dealers with a valuable opportunity to witness AIMA Technology’s globally leading capabilities in research, development, and manufacturing of electric mobility solutions.
The delegation first toured AIMA’s state-of-the-art factory in Tianjin. Aima Technology possesses production factories with extremely high levels of intelligent manufacturing Additionally, AIMA has integrated advanced technologies such as AI visual recognition and established a CNAS-certified R&D laboratory, maintaining its industry leadership in intelligent transformation. During the tour, the dealers were deeply impressed by AIMA’s cutting-edge technology, large-scale production capabilities, and relentless pursuit of excellence in product development and manufacturing. They expressed that this rare visit not only enhanced their understanding of AIMA but also strengthened their confidence in promoting AIMA products as a symbol of outstanding performance and exceptional quality to their customers.
Furthermore, AIMA Technology’s R&D team engaged in in-depth discussions with the dealers regarding the new models AIMA EBIKE plans to launch in 2025. The dealers test-rode prototypes of the latest models and shared their innovative insights. They expressed high praise for AIMA’s product innovation capabilities and market acumen, recognizing these as key factors that distinguish AIMA in the industry.
Later, the dealers joined AIMA Technology’s team to witness the rollout of the 10,000th AIMA E-Bike. This milestone moment showcased AIMA’s exceptional manufacturing strength and market influence. The dealers were inspired and expressed strong confidence in the promising future of their partnership with AIMA.
This visit from the top-tier U.S. dealer delegation not only deepened mutual trust and friendship but also injected new momentum into AIMA’s ambition to become a leader in the U.S. E-Bike industry by focusing on the IBD channel. Looking ahead, AIMA Technology will continue to strive to provide market-leading performance and quality, enhancing its product development and manufacturing capabilities while working hand-in-hand with global dealers to create an even brighter future.
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