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COP28 President-Designate: Protecting lives and livelihoods should be central to our global climate response
Closing 100bn is a first of many steps needed to support the Global South
- COP28 President congratulates leadership of President Emmanuel Macron for bringing the world together again, to push for a new deal to level the financial playing field.
- Summit shows “willingness to move beyond words to action”
- For countries that have done the least to cause climate change, climate finance remains unavailable, inaccessible, and unaffordable. Changing that equation requires trillions in private investment, not just billions in multilateral loans.
- low-income countries get only 2% of clean energy investment, and less than 10 percent of the $120 billion a year baseline requirement.
- Dr. Sultan Al Jaber, COP28 President-Designate, meets global political leaders, including Emmanuel Macron, President of France, Luiz Inácio Lula da Silva, President of Brazil, Mia Motley, Prime Minister of Barbados and Antonio Guterres, Secretary-General of the United Nations, at Summit for a New Global Financing Pact in Paris.
- COP28 will bring everyone together who can make a positive difference. Governments, Businesses, NGOs, and critically the financial community.
- “Climate change sees no division between North and South. It is a global problem, and it requires a true global solution. It does not discriminate between peoples or countries. It is a global challenge that will require a global response from everyone, working together, only in unity and solidarity.”
PARIS, June 23, 2023 /PRNewswire/ — COP28 President-Delegate, Dr. Sultan Al Jaber, addressed the New Global Financing Pact Summit in Paris and welcomed progress to unlock climate finance while calling on delegates to go further.
During the New Global Financing Pact Summit in Paris, the COP President met with key global and climate leaders, including Emmanuel Macron, President of France, Luiz Inácio Lula da Silva, President of Brazil, Mia Motley, Prime Minister of Barbados and Antonio Guterres, Secretary-General of the United Nations, to discuss climate finance reform.
The summit, led by President Macron and Barbados Prime Minister Mia Motley, is targeting global financial reform, and driving more financial resources towards climate action and supporting the most vulnerable communities.
Clean energy investment in low-income countries represents less than 2 percent of global investment in the sector, and less than 10 percent of the $120 billion a year that is the baseline requirement, the President-Designate said at the summit.
“We need to bring everyone to the table across the financial community and use every tool in the shed,” he stated. “We need to take a comprehensive and a holistic approach to a global challenge, view climate action as an opportunity, not as a burden, and act together with unity of purpose.”
On finance, Dr. Al Jaber reiterated the need for developed nations to meet their historic commitment to provide finance for developing countries, adding that “Donor countries are finally closing in on their promise of the 100 billion in climate finance for the Global South. And I repeat, that must be delivered this year. But let’s face it, these are barely band aids, or painkillers, to a problem that requires major surgery.”
“For countries that have done the least to cause climate change, climate finance remains unavailable, inaccessible, and unaffordable,” Dr. Al Jaber said. “Changing that equation requires trillions in private investment, not just billions in multilateral loans.”
Discussing ways to unleash more private capital, Dr. Al Jaber said, “The key to attracting more private finance and capital is simply lowering the risk. Radically raising the level of concessional funding is one of the keys to unlocking commercial investment.”
With the summit focused on finance reform, Dr. Al Jaber attended a roundtable on private capital mobilization, hosted by Ajay Banga, President of the World Bank Group; Mark Carney, Co-Chair for Glasgow Financial Alliance for Net Zero and UN Special Envoy on Climate Action and Finance; and Kristalina Georgieva, Managing Director of the International Monetary Fund.
At the roundtable, Dr. Al Jaber said, “Climate finance is nowhere near available enough, accessible enough and affordable enough – especially for countries in the Global South. To make finance more available, we need to figure how to attract much more private capital into the investment pool. Private capital is the force multiplier that can really change the game when it comes to effective climate finance. To make financing more accessible, we need to simplify, speed up, and standardize access to climate funds across international financial institutions and specialized funds. And to make finance more affordable, we must drive transparency and price discovery. We must give all market participants the tools and mechanisms that narrow the gap between perceived risk and actual risk when it comes to investing in emerging and developing economies. We need to shift the narrative that views climate finance as a burden and recognizes it as an economic opportunity.”
Following a roundtable on Voluntary Carbon Markets, Dr. Al Jaber said, “”Voluntary carbon markets have the potential to be a powerful enabler in financing decarbonization efforts across industries, cities and entire economies, especially in emerging and developing economies. In order to achieve their potential, we must enhance the credibility of carbon markets and ensure that the highest-integrity standards are firmly in place. This can only be done through collaboration between governments, organizations, and civil society to create a supportive regulatory environment, establish a level playing field, and raise universal standards. By working together, acting in unity and focusing on integrity, the value of this vital tool in our collective decarbonization efforts will increase.”
The President-Designate also attended a session hosted by the Forest and Climate Leaders’ Partnership, focused on forestation and nature conservation.
Over the course of his trip, Dr Al Jaber also held private meetings with numerous industry leaders including: HE Anne Tvinnereim, Norwegian Minister of Intl. Development, Patrick Pouyanne, CEO of Total, Catherine MacGregor, CEO of Engie, Agnes Pannier-Runacher, French Minister of Energy Transition, Larry Fink, CEO of Blackrock, Bruno le Maire, French Minister of Economy and Finance, Madame Colonna, French Minister of Foreign Affairs.
Dr. Al Jaber concluded his three-day visit with additional meetings including Nirmala Sitharaman, Indian Minister of Finance, Simon Stiell, Executive Secretary of the UNFCCC, Fatih Birol, Executive Director of IEA and John Kerry, US Special Presidential Envoy for Climate.
In his closing remarks, Dr. Al Jaber emphasized the urgency to act now and deliver; “We know what we are trying to solve, and we know the gaps at hand. To do that, we must be practical, and we must focus on the how. Let’s translate our words into real and tangible actions. Let’s work in lockstep towards our common goal. Climate change sees no division between North and South. It is a global problem, and it requires a true global solution. It does not discriminate between peoples or countries. It is a global challenge that will require a global response from everyone, working together, only in unity and solidarity. If we act in true unity, we can apply pace and scope to deliver action and hope.”
For all media enquiries and requests for interviews, please contact [email protected] For up-to-date COP28 news, follow us on Twitter @COP28_UAE
Notes to Editors:
COP28 UAE:
- COP28 UAE will take place at Expo City Dubai from November 30-December 12, 2023. The Conference is expected to convene over 70,000 participants, including heads of state, government officials, international industry leaders, private sector representatives, academics, experts, youth, and non-state actors.
- As mandated by the Paris Climate Agreement, COP28 UAE will deliver the first ever Global Stocktake – a comprehensive evaluation of progress against climate goals.
- The UAE will lead a process for all parties to agree upon a clear roadmap to accelerate progress through a pragmatic global energy transition and a “leave no one behind” approach to inclusive climate action.
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STOCKHOLM, April 5, 2024 /PRNewswire/ — EQT AB’s Q1 Announcement 2024 will be published on Thursday 18 April 2024 at approximately 07:30 CEST. EQT will host a conference call at 08:30 CEST to present the report, followed by a Q&A session.
The presentation and a video link for the webcast will be available here from the time of the publication of the Q1 Announcement.
To participate by phone and ask questions during the Q&A, please register here in advance. Upon registration, you will receive your personal dial-in details.
The webcast can be followed live here and a recording will be available afterwards.
Information on EQT AB’s financial reporting
The EQT AB Group has a long-term business model founded on a promise to its fund investors to invest capital, drive value creation and create consistent attractive returns over a 5 to 10-year horizon. The Group’s financial model is primarily affected by the size of its fee-generating assets under management, the performance of the EQT funds and its ability to recruit and retain top talent.
The Group operates in a market driven by long-term trends and thus believes quarterly financial statements are less relevant for investors. However, in order to provide the market with relevant and suitable information about the Group’s development, EQT publishes quarterly announcements with key operating numbers that are relevant for the business performance (taking Nasdaq’s guidance note for preparing interim management statements into consideration). In addition, a half-year report and a year-end report including financial statements and further information relevant for investors is published. Finally, EQT also publishes an annual report including sustainability reporting.
Contact
Olof Svensson, Head of Shareholder Relations, +46 72 989 09 15
EQT Shareholder Relations, [email protected]
Rickard Buch, Head of Corporate Communications, +46 72 989 09 11
EQT Press Office, [email protected], +46 8 506 55 334
This information was brought to you by Cision http://news.cision.com
https://news.cision.com/eqt/r/invitation-to-presentation-of-eqt-ab-s-q1-announcement-2024,c3956826
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- Kia drives forward transformation into ‘Sustainable Mobility Solutions Provider’
- Roadmap enables Kia to proactively respond to uncertainties in mobility industry landscape, including changes in EV market
- Company to expand EV line-up with more models; enhance HEV line-up to manage fluctuation in EV demand
- Goal to sell 1.6 million EVs annually in 2030, introducing 15 models
- PBV to play a key role in Kia’s growth, targeting 250,000 PBV sales annually by 2030 with PV5 and PV7 models
- Kia to invest KRW 38 trillion by 2028, including KRW 15 trillion for future business
- 2024 business guidance : KRW 101 tln in revenue with KRW 12 tln in operating profit; operating profit margin of 11.9% on sales of 3.2 million units globally
- CEO reaffirms Kia’s commitment to ESG management
SEOUL, South Korea, April 5, 2024 /PRNewswire/ — Kia Corporation (Kia) today shared an update on its future strategies and financial targets at its CEO Investor Day in Seoul, Korea.
Based on its innovative achievements in the years since the announcement of mid-to-long-term business initiatives, Kia is focusing on updating its 2030 strategy announced last year and further strengthening its business strategy in response to uncertainties across the global mobility industry landscape.
During the event, Kia updated its mid-to-long-term business strategy with a focus on electrification, and its PBV business. Kia reiterated its 2030 annual sales target of 4.3 million units, including 1.6 million units of electric vehicles (EVs). The 2030 4.3 million annual sales target is 34.4 percent higher than the brand’s 2024 annual goal of 3.2 million units.
The company also plans to become a leading EV brand by selling a higher percentage of electrified models among its total sales, including hybrid electric vehicles (HEV), plug-in hybrid (PHEV), and battery EVs, projecting electrified model sales of 2.48 million units annually or 58 percent of Kia’s total sales in 2030.
“Following our successful brand relaunch in 2021, Kia is enhancing its global business strategy to further the establishment of an innovative EV line-up and accelerate the company’s transition to a sustainable mobility solutions provider,” said Ho Sung Song, President and CEO of Kia. “By responding effectively to changes in the mobility market and efficiently implementing mid-to-long-term strategies, Kia is strengthening its brand commitment to the wellbeing of customers, communities, the global society, and the environment.”
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VANCOUVER, BC, April 4, 2024 /PRNewswire/ — BioVaxys Technology Corp. (CSE: BIOV) (FRA: 5LB) (OTCQB: BVAXF) (the “Company“) is providing this bi-weekly update on the status of the management cease trade order granted on February 29, 2024 (the “MCTO“), by its principal regulator, the Ontario Securities Commission (the “OSC“), under National Policy 12-203 – Management Cease Trade Orders (“NP 12-203“), following the Company’s announcement on February 21, 2024 (the “Default Announcement“), that it was unable to file its audited annual financial statements for the year ended October 31, 2023, its management’s discussion and analysis of financial statements for the year ended October 31, 2023, its annual information form for the year ended October 31, 2023, and related filings (collectively, the “Required Annual Filings“). Under National Instrument 51-102, the Required Annual Filings were required to be made no later than February 28, 2024.
As a result of the delay in filing the Required Annual Filings, the Company was unable to file its interim financial statements for the three months ended January 31, 2024, its management’s discussion and analysis of financial statements for the three months ended January 31, 2024, and related filings (collectively, the “Required Interim Filings“). Under National Instrument 51-102, the Required Interim Filings were required to be made no later than April 1, 2024.
The Company anticipates filing the Required Annual Filings by April 30, 2024. The auditor of the Company requires additional time to complete its audit of the Company, including the Company’s recent acquisition of all intellectual property, immunotherapeutics platform technologies, and clinical stage assets of the former IMV Inc. that closed on February 16, 2024. In addition, the Company anticipates filing the Required Interim Filings immediately after the filing of the Required Annual Filings.
Except as herein disclosed, there are no material changes to the information contained in the Default Announcement. In addition, (i) the Company is satisfying and confirms that it intends to continue to satisfy the provisions of the alternative information guidelines under NP 12-203 and issue bi-weekly default status reports for so long as the delay in filing the Required Annual Filings and/or Required Interim Filings is continuing, each of which will be issued in the form of a press release; (ii) the Company does not have any information at this time regarding any anticipated specified default subsequent to the default in filing the Required Annual Filings and Required Interim Filings; (iii) the Company is not subject to any insolvency proceedings; and (iv) there is no material information concerning the affairs of the Company that has not been generally disclosed.
About BioVaxys Technology Corp.
BioVaxys Technology Corp. (www.biovaxys.com), a biopharmaceuticals company registered in British Columbia, Canada, is a clinical-stage biopharmaceutical company dedicated to improving patient lives with novel immunotherapies based on the DPX™ immune-educating technology platform and it’s HapTenix© ‘neoantigen’ tumor cell construct platform, for treating cancers, infectious disease, antigen desensitization, and other immunological fields. The Company’s clinical stage pipeline includes maveropepimut-S which is in Phase II clinical development for advanced Relapsed-Refractory Diffuse Large B Cell Lymphoma (DLBCL) and platinum resistant ovarian cancer, and BVX-0918, a personalized immunotherapeutic vaccine using it proprietary HapTenix© ‘neoantigen’ tumor cell construct platform which is soon to enter Phase I in Spain for treating refractive late-stage ovarian cancer. The Company is also capitalizing on its tumor immunology know-how and creation of a unique library of T-lymphocytes & other datasets post-vaccination with its personalized immunotherapeutic vaccines to utilize predictive algorithms and other technologies to identify new targetable tumor antigens. BioVaxys common shares are listed on the CSE under the stock symbol “BIOV” and trade on the Frankfurt Bourse (FRA: 5LB) and in the US (OTCQB: BVAXF). For more information, visit www.biovaxys.com and connect with us on X and LinkedIn.
ON BEHALF OF THE BOARD
Signed “James Passin“
James Passin, Chief Executive Officer
Phone: +1 646 452 7054
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