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COP28 President-Designate calls for holistic ecosystem to drive climate action during London Climate Action Week

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1 year ago

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Connecting policy, technology, finance, and people is essential to keep 1.5C within reach.

  • Dr. Sultan Al Jaber, COP28 President-Designate, meets with His Majesty King Charles III, UK Government ministers, industry leaders across tech and finance, and university students during London Climate Action Week 2023.
  • Dr. Sultan Al Jaber renews his call for world leaders to start delivering on climate finance reform and accelerate technology development ahead of COP28.
  • “We must stop talking and start delivering. Climate finance is nowhere near available enough, accessible enough and affordable enough – especially for countries in the Global South”.
  • “Money isn’t flowing to the places that need it most. Less than 2 per cent of the $1.5 trillion of clean tech finance was invested in vulnerable and low-income countries across the Global South”.
  • “We must create an active partnership between the largest producers of energy, the biggest industrial consumers, technology companies, entrepreneurs, the finance community, investors, governments and civil society”.
  • “It is time to do things differently because we can’t afford to rely on business as usual”.
  • “Working together, we will narrow the gap to 2030, deliver a just transition, and mobilize all stakeholders in a new way”.
  • “We will bring everyone the table in a more inclusive process than ever before and institutionalize accountability globally, and within the COP process”.

LONDON, June 29, 2023 /PRNewswire/ — During London Climate Action Week 2023, COP28 President-Designate, Dr. Sultan Al Jaber, traveled to London to collaborate with British stakeholders to develop holistic ecosystems that connect policy, technology, finance, and people. During his visit, he collaborated with the UK Government on polices which enable greater climate investments, he galvanized investors to fund climate technology, and he consulted with youth climate advocates to help shape the COP28 agenda.

Dr. Sultan Al Jaber met with a wide range of key stakeholders during a visit to London this week, including H.M King Charles III, the Secretary of State for Energy Security and Net Zero, the Rt Hon. Grant Shapps MP, and Minister of State for Overseas Territories, Commonwealth, Energy, Climate and Environment, the Rt Hon. Lord Zac Goldsmith, as well as business leaders, university students and young climate advocates.

The COP28 President-Designate attended a roundtable on climate solutions joined by H.M King Charles III and attended by Sadiq Khan, Mayor of London; Rt Hon. Graham Stuart MP, Minister for Energy Security and Net Zero; the Vice-Chancellors of the Universities of Oxford and Cambridge; and the CEOs of HSBC, AstraZeneca, OVO Energy, and Gridserve.

During London Climate Action Week, Dr. Al Jaber said, “If we are going to cut emissions by 43 percent in the next 7 years, we need a holistic ecosystem that connects policy, technology, finance and people. We need supportive policies to stimulate adoption of clean energies and incentivize decarbonization. We obviously need to apply the latest technologies rapidly and at scale. That will require finance and lots of capital across the world, and particularly in emerging and developing economies. And a critical success factor is people. We need capacity building, and skills development to train young people for the jobs of the future. Because we must deliver climate action and socio-economic opportunity at the same time.”

“This is a moment of clarity that we must face with total honesty – we need a major course correction, and we need it now. Our goal must be to stop talking and start delivering”.

During his visit, Dr. Sultan Al Jaber, also held meetings with UK Government Ministers from the Department for Energy Security and Net Zero and the Foreign, Commonwealth and Development Office to discuss key initiatives and areas for collaboration ahead of COP28.

Dr. Sultan Al Jaber also visited Octopus Energy and its founding CEO, Greg Jackson, in their London headquarters. They discussed the latest technologies that support the rollout of renewable energy and storage solutions, improve energy efficiency, and help in the race to net zero.

Masdar, the UAE’s world-leading renewable energy company that Dr. Sultan al-Jaber chairs, has committed to invest £1 billion in British battery storage, following its acquisition of Arlington Energy. Masdar has partnered with Octopus Energy to license its groundbreaking technology platform, Kraken, to manage its battery portfolio at low cost and with maximum efficiency. The platform aims to manage 100,000 devices and 6GW of energy capacity by the end of 2023. This will help bring more renewables onto the grid quicker and drive down prices.

During one of his visit highlights, Dr. Al Jaber attended a roundtable with university students and young climate advocates. Hosted by H.E Shamma Al Mazrui, COP28 Youth Climate Champion, the consultation sought views from young people to shape the agenda at COP28, including how the President-Designate can help to ensure that the process and outcomes can be more inclusive and equitable.

Addressing the youth consultation, the COP28 President-Designate said “your generation is critical, because you will inherit some of the greatest challenges of climate change and will also provide many of the solutions. Your perspectives must be heard. And you must be empowered to make a difference. We need pioneers like yourselves – who are impatient set new benchmarks.”

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He also restated his commitment to making COP28 the most inclusive COP ever, by providing “opportunities for youth who have never been included in the process and that come from countries which have seen climate disasters firsthand” through initiatives like the Youth Climate Delegates Program.

In his remarks, Dr. Al Jaber emphasized the need for the voices of young people to be included at COP28 and stated his commitment to called on young people to “bring your passion, your focus and your courage to meet the challenge”, reflecting that “it is time to do things differently because we can’t afford to rely on business as usual”.

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.

Youth Climate Delegate Program

  • Through the International Youth Delegates Program we will support 100 youth to join us from small island developing states, least developed countries and indigenous communities from around the world.
  • Further information on the Youth Climate Delegates can be found on the COP28 website – https://www.cop28.com/en/youth-delegates

Masdar UK investment

  • Dr. Sultan al-Jaber was the founding CEO of Masdar, the UAE’s leading renewable energy company, and still serves as its chairman.
  • In October 2022, Masdar acquired Arlington Energy, a UK-based battery energy storage system developer.
  • Masdar has committed to invest £1 billion in UK battery storage.
  • In May 2022, Masdar and Octopus Energy Group signed an agreement to use Octopus’ groundbreaking technology platform, Kraken, to manage its battery storage portfolio in the UK.

Photo – https://mma.prnewswire.com/media/2144423/HRH_King_Charles_III_for_Climate_Change.jpg

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Fintech PR

Newmark Reports Third Quarter 2024 Financial Results

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53 mins ago

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November 5, 2024

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Conference Call to Discuss Results Scheduled for 10:00 a.m. ET Today

NEW YORK, Nov. 5, 2024 /PRNewswire/ — Newmark Group, Inc. (Nasdaq: NMRK) (“Newmark” or “the Company”), a leading commercial real estate advisor and service provider to large institutional investors, global corporations, and other owners and occupiers, today, reported its financial results for the three and nine months ended September 30, 2024, and declared its quarterly dividend.

A complete and full-text financial results press release, including information about today’s financial results conference call and Newmark’s dividend declaration, is accessible in the “Media” section at https://nmrk.com. It is also available directly at any of the following web pages:

https://ir.nmrk.com (PDF version of the full press release, PDF of a quarterly results investor presentation, and supplemental Excel financial tables)

https://ir.nmrk.com/investors/news-releases/financial-and-corporate-releases (Links to the PDF version of the full press release, PDF of a quarterly results investor presentation, and to Excel financial tables)

https://nmrk.com/media (PDF version of the full release only)

(Note: If clicking on the above links does not open a new web page, you may need to cut and paste the above URLs into your browser’s address bar.)

Today’s conference call is expected to contain forward-looking statements with respect to the Company’s financial outlook.

ABOUT NEWMARK
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries (“Newmark”), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark’s comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform’s global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. For the twelve months ended September 30, 2024, Newmark generated revenues of over $2.6 billion. As of that same date, Newmark’s company-owned offices, together with its business partners, operated from nearly 170 offices with more than 7,800 professionals around the world. To learn more, visit nmrk.com or follow @newmark.

DISCUSSION OF FORWARD-LOOKING STATEMENTS ABOUT NEWMARK
Statements in this document regarding Newmark that are not historical facts are “forward-looking statements” that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. These include statements about the Company’s business, results, financial position, liquidity, and outlook, which may constitute forward-looking statements and are subject to the risk that the actual impact may differ, possibly materially, from what is currently expected. Except as required by law, Newmark undertakes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see Newmark’s Securities and Exchange Commission filings, including, but not limited to, the risk factors and Special Note on Forward-Looking Information set forth in these filings and any updates to such risk factors and Special Note on Forward-Looking Information contained in subsequent reports on Form 10-K, Form 10-Q, or Form 8-K.

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Sinochem Holdings secures over $13 billion in procurement at 7th CIIE, enhancing global industrial collaboration

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53 mins ago

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November 5, 2024

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SHANGHAI, Nov. 5, 2024 /PRNewswire/ — The 7th China International Import Expo (CIIE) opened at the National Exhibition and Convention Center in Shanghai, China on November 5, 2024. Sinochem Holdings, one of the world’s leading chemical conglomerates, participated in the event for the seventh consecutive year. Leveraging its international operations, the company organized five overseas subsidiaries for the event to deepen global industrial cooperation and share opportunities in the Chinese market.

During a dedicated signing ceremony, Sinochem Holdings secured procurement agreements with over 20 companies from more than 10 countries and regions, including Saudi Arabia, Kuwait, Iraq, Japan, France, Malaysia, the US, Germany, India, Thailand, and China’s Taiwan region. These agreements spanned various sectors, such as crude oil, petroleum products, high-quality chemicals, food, agricultural products, high-end intelligent equipment, technology research, and digital production services, totaling over $13.6 billion.

Sinochem Holdings emphasized its strategy of expanding diverse import channels to ensure supply chain stability. Partnerships with renowned companies such as Saudi Aramco, Kuwait Petroleum, Mitsui & Co., Ltd., Vitol Group, TotalEnergies, CHIMEI, Kao Corporation, and Sri Trang Group enabled the import of high-quality crude oil, petroleum products, methanol, engineering plastics, emulsifiers, industrial salt, and natural rubber. By collaborating with upstream energy and chemical companies, Sinochem Holdings is enhancing quality import channels to stabilize domestic supply chains.

Furthermore, Sinochem Holdings focuses on new productive forces and is committed to promoting high-quality development in domestic industries. The company has been dedicating to enhancing the business presence of its overseas subsidiaries in China, empowering domestic industries with advanced global technologies. Five participating subsidiaries—Syngenta Group (Switzerland), Adisseo (France), Elkem (Norway), KraussMaffei (Germany), and Prometeon Tyre Group (Italy)—showcased innovative technologies and solutions in areas like biotech breeding, digital agriculture, animal nutrition, new chemical materials, low-altitude economy, additive manufacturing, high-end tires, and green low-carbon technologies. These companies signed multiple supply agreements with Chinese clients at the CIIE, generating sales exceeding $1.5 billion. 

Photo – https://mma.prnewswire.com/media/2543978/Sinochem_Holdings.jpg 

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COCA Unveils Black November: Zero Fees on Swaps, Spending, and FX with the COCA Crypto Card

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3 hours ago

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November 5, 2024

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HONG KONG, Nov. 5, 2024 /PRNewswire/ — This November, COCA is thrilled to announce its Zero-Fee Black November offer, delivering one of the most competitive zero-fee crypto wallet and card experiences in the industry. With zero fees on swaps, card spending, and FX, COCA is dedicated to helping users keep more of their crypto gains by reducing the costs that often come with swapping and spending cryptocurrencies in the real world.

Why COCA Leads the Way in Zero Fees

Most crypto apps, including Coinbase, Crypto.com, Revolut, and popular DEXs, add commission fees that reduce users’ earnings. COCA’s Zero-Fee Black November, however, offers the opportunity to transact with zero costs. Here’s how COCA stands out:

  • Zero Commission on Cross-Chain Swaps: COCA users can swap assets seamlessly across 13 chains with no commission fees.
  • Zero Fees on Card Spending: Every COCA card transaction—whether online or in-store—is fee-free.
  • Zero FX Fees Worldwide: COCA cardholders can shop at 80 million+ merchants with no foreign exchange fees, ideal for international spending.
  • No Membership Fees: COCA’s transparent structure means no annual card fees—users gain access to all benefits without hidden costs.

Earn Rewards with COCA Points

In addition to zero fees, COCA users earn COCA Points on every card transaction. These points can unlock exclusive rewards, including eligibility for an upcoming airdrop. This reward structure allows users to save with each transaction while gaining even more value with each purchase.

Zero-Fee Black November – The Perfect Time to Join COCA

Now through the end of November, users can secure COCA’s exclusive zero-fee offer by ordering a COCA card. COCA’s zero-fee structure, paired with COCA Points rewards, allows users to maximize savings and enjoy added benefits on every transaction.

About COCA

COCA is a next-generation crypto super app designed to simplify and secure the crypto experience for users worldwide. With innovations in security, usability, and integration, COCA is at the forefront of the digital asset revolution. For more information, visit coca.xyz.

Photo: https://mma.prnewswire.com/media/2549172/Black_November_COCA.jpg
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Cision View original content:https://www.prnewswire.co.uk/news-releases/coca-unveils-black-november-zero-fees-on-swaps-spending-and-fx-with-the-coca-crypto-card-302296499.html

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