Fintech PR
COP28 President calls on Parties to drive and deliver the UAE Consensus
BAKU, Azerbaijan, Nov. 11, 2024 /PRNewswire/ — Dr. Sultan Al Jaber today delivered his handover address as COP28 President on the first day of COP29 in Azerbaijan, concluding a landmark term defined by breakthrough progress across the climate agenda. During the speech he called on all Parties to “prove once again that we can unite, act and deliver” over the next two weeks in Baku.
“By delivering the historic UAE Consensus, we accomplished what many thought was impossible,” Dr. Al Jaber said at a ceremony marking the official transfer of the Presidency to H.E. Mukhtar Babayev.
Negotiators at COP28 had “proved that multilateralism can move the dial and make a difference,” he told delegates. “In the end, determination conquered doubt and your hard work paid off with first after first for climate progress.”
Dr. Al Jaber said that despite COP29 being held at a time of complexity and conflict, “the United Arab Emirates will always choose partnerships over polarization, dialogue over division and peace over provocation.”
In his speech, the outgoing President said he had been “humbled by the experience” and thanked the many people who helped deliver the “historic, comprehensive and groundbreaking UAE Consensus,” including His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the United Arab Emirates, and the entire UAE leadership.
Since its inception at COP28 last year, the UAE Consensus has emerged as the defining point of reference for global climate ambition and sustainable development. It contains a series of firsts across the climate agenda, including agreement on a just, orderly and equitable energy transition, and goals for tripling renewable energy capacity, doubling energy efficiency and ending deforestation by the end of the decade.
“Progress did not end when the gavel came down on the UAE Consensus,” Dr. Al Jaber said. “In the months since the end of COP28, the initiatives we launched have gathered pace.” To date, 55 companies have joined the Oil & Gas Decarbonization Charter (OGDC), covering 44 percent of global oil production. The OGDC is “the most comprehensive private sector partnership on decarbonization to date,” he said.
Highlighting the importance of collaboration, Dr. Al Jaber referenced a summit held earlier this month in Abu Dhabi that brought together leaders in climate, energy, artificial intelligence and in an integrated effort to drive low-carbon growth.
“When sectors work together, we can lift economies and lower emissions. We can make climate and socio-economic progress, and we can turn declarations on paper into decisive action on the ground,” he said.
Progress has also been made in finance, with the Philippines being appointed as the host country for the Board of the Fund for Responding to Loss and Damage. The COP28 President called on Parties to contribute to the fund, which was operationalized and capitalized at COP28 last year. To date, more than $850 million has been pledged to the fund and funding arrangements ALTÉRRA, the world’s largest climate-focused investment fund also launched at COP28, has placed $6.5 billion with impact investors – “a model that must be built on,” Dr. Al Jaber said.
At COP29, Parties must deliver a New Collective Quantified Goal on climate finance that is “robust and capable of fully implementing the UAE Consensus,” Dr. Al Jaber said.
“At COP28, we broke new ground and set many precedents,” he told delegates. One of the most important is the COP Presidencies Troika – a new “mechanism for momentum” uniting the Presidencies of COP28, COP29 and COP30.
The Troika will continue to mobilize multilateral platforms, from the UN to the G20, to “solidify the legacy of the UAE Consensus,” Dr. Al Jaber said, urging all Parties to follow the roadmap it set for keeping 1.5°C within reach.
Dr. Al Jaber closed out his speech with a call to action and some words of advice for the incoming COP29 President H.E. Babayev. He said: “The consensus we achieved in Dubai was historic. Yet history will judge us by our actions, not our words…. Let positivity prevail and let it power the process. Let actions speak louder than words. Let results outlast the rhetoric and remember, we are what we do, not what we say.”
View original content:https://www.prnewswire.co.uk/news-releases/cop28-president-calls-on-parties-to-drive-and-deliver-the-uae-consensus-302301030.html
TAIPEI, Dec. 26, 2024 /PRNewswire/ — VIVOTEK (3454-TW), the global leading security solution provider, has once again demonstrated its outstanding commitment to sustainability. Participating for the first time in the 17th Taiwan Corporate Sustainability Awards (TCSA), VIVOTEK emerged victorious, earning the Sustainability Report Award for the Information, Communication, and Broadcasting Industry and the Taiwan Corporate Sustainability Excellence Award. These recognitions showcase VIVOTEK’s remarkable success in corporate governance, environmental protection, and social responsibility, affirming its dedication to sustainable growth.
Pioneering Sustainability with Dual Recognition
“For over seven years, VIVOTEK has independently published sustainability reports, actively driving and disclosing our internal sustainability initiatives.” said Allen Hsieh, VIVOTEK’s Spokesperson and Director of the Global Marketing Division. “These awards not only recognize our integrity and efforts in presenting operational performance, environmental data, and social impact but also serve as a strong motivation for us to continue advancing on the path of sustainable development.”
Driving Sustainability through AI Innovation
VIVOTEK delivers advanced AI-powered security solutions built on cutting-edge AI and edge computing technologies. Beyond innovation, the company drives green initiatives, reduces its carbon footprint, and fosters a sustainable, supportive workplace.
Committed to social responsibility, VIVOTEK leads the security industry’s sustainability efforts through its ‘Safety Map’ initiative. For four years, employees have formed security teams to enhance safety in neighborhoods, care centers, and schools with on-site assessments and improvement plans.
In 2024, VIVOTEK will expand its efforts to Hualien’s Dacheng Village, where it will help improve local safety environments and support cultural preservation and tourism revitalization. These actions reflect its dedication to sustainability, community well-being, and lasting societal contributions.
Security Sustainability as a Foundation for Social Impact
VIVOTEK proudly received two prestigious honors at the Taiwan Corporate Sustainability Awards, highlighting its dedication to sustainable practices. These accolades inspire the company to deepen its internal efforts and mark the start of an exciting new chapter.
Building on this achievement, VIVOTEK aims to strengthen its mission of becoming the world’s most trusted smart security brand. By aligning with global market needs and fostering collaboration with customers, partners, and employees, VIVOTEK is committed to shaping a sustainable future founded on mutual trust and shared success.
To learn more about VIVOTEK’s sustainability initiatives, please refer to the 2023 Sustainability Report.
View original content:https://www.prnewswire.co.uk/news-releases/vivotek-wins-double-honors-for-its-commitment-to-sustainability-302339223.html
Fintech PR
2024 Global Youth Design Contest on Chinese Characters Themed “Guiyang in Characters” Successfully Concluded
GUIYANG, China, Dec. 26, 2024 /PRNewswire/ — To fully implement the spirit of “carrying forward China’s cultural heritage” and “promoting the creative transformation and innovative development of fine traditional Chinese culture”, the 2024 Global Youth Design Contest on Chinese Characters Themed “Guiyang in Characters”, organized by the Publicity Department of the CPC Guiyang Municipal Committee and hosted by www.huanqiu.com, has successfully concluded on Dec.16. The contest drew thousands of teenagers from both China and abroad, who used cultural empowerment and innovative designs of Chinese characters to narrate and promote Guiyang.
At the “Colorful Guizhou • Literary Plateau” Farming and Reading Event, 59 outstanding works from 26 countries, along with 21 representative pieces from various countries and regions, were showcased. According to the organizing committee of the Global Youth Design Contest on Chinese Characters, “This exhibition serves as both a lasting commemoration of the event and a report to all those who care about the inheritance and promotion of Guiyang and Chinese culture.”
In their submissions, the teenagers selected Chinese characters or phrases they believed best represented Guiyang and reimagined them through innovative designs. Outstanding designs incorporated Guiyang’s iconic architecture and cultural landmarks into Chinese characters to present the city’s urban landscape and historical culture. Some works spotlighted Guiyang’s distinctive cuisine, offering a glimpse into the vibrant and diverse local culinary culture. Some other designs drew inspiration from martial arts villages in Guizhou and featured dragon motifs to symbolize the depth and vitality of Guizhou culture.
Saison from Tajikistan was among the participants in this year’s Global Youth Design Contest on Chinese Characters. Speaking about his design of the Chinese characters, he shared that his design sought to merge the beauty of Chinese characters with the charm of Guiyang. “Guiyang is a captivating place, known for its beautiful scenery, delicious food, and diverse ethnic minorities. I tried to incorporate the beauty of Guiyang into my Chinese character design, hoping to convey the city’s charm and the wonders of Chinese characters through my work.”
The contest officially opened for submissions on September 30. In an effort to boost public engagement and participation, a “cheerleading campaign” was organized for shortlisted works from November 22 to 29. Following expert reviews, 80 outstanding works were ultimately selected for public exhibition.
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View original content:https://www.prnewswire.co.uk/news-releases/2024-global-youth-design-contest-on-chinese-characters-themed-guiyang-in-characters-successfully-concluded-302339323.html
Fintech PR
Markets Show Resilience Ahead of End-of-Year Options Expirations: Bybit x Block Scholes Crypto Derivatives Report
DUBAI, UAE, Dec. 26, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, released the latest Crypto Derivatives Analytics Report in collaboration with Block Scholes, highlighting the muted market volatility despite major options expirations on Friday. BTC and ETH’s realized volatility has increased, but short-term options haven’t adjusted to this change. This indicates that while spot prices are fluctuating, the options market is not fully reacting to these shifts, although BTC and ETH volumes have displayed slightly different patterns.
With more than $525 million in BTC and ETH options contracts expiring on Dec 27, 2024’s end-of-year options expiration looks set to be one of the biggest yet, yet expectations for volatility have remained subdued. The report highlights an unusual inversion in ETH’s volatility structure, but BTC has not mirrored the reaction. Additionally, a change in funding rates—sometimes turning negative as spot prices drop—signals a new market phase. Notably, BTC’s volatility structure has been less responsive to changes in spot prices, whereas ETH’s short-term options are exhibiting more noticeable fluctuations.
Key Findings:
BTC Options Expirations:
In the past month, BTC’s realized volatility has been higher than implied volatility on three occasions, each time reaching a relatively calm equilibrium. Open interest in BTC options remains high, contributing to potential increased volatility as we near the end of the year. Around $360 million worth of BTC options (both puts and calls) are set to expire soon, which can affect price movement.
ETH Options: Calls Dominate
Despite a mid-week inversion, ETH’s volatility term structure has flattened, maintaining levels similar to those seen over the past month. In the final week of 2024, calls overwhelmed puts in open interest in ETH options, although market movements and trading activities are more on the put side.
Access the Full Report:
Gain deeper insights and explore the potential impacts on your crypto trading strategies by downloading the full report here: Bybit X Block Scholes Crypto Derivatives Analytics Report (Dec 24, 2024)
#Bybit / #BybitResearch
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.
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View original content:https://www.prnewswire.co.uk/news-releases/markets-show-resilience-ahead-of-end-of-year-options-expirations-bybit-x-block-scholes-crypto-derivatives-report-302339299.html
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