Union Minister of Environment, Forest and Climate Change participates in the Ministerial Roundtable for Green Economy, World Green Economy Summit, UAE

Sep 29, 2022 | Business


Union Minister of Environment, Forest and Climate Change, Shri Bhupender Yadav attended the Ministerial Roundtable for Green Economy at the World Green Economy Summit at the World Trade Center in Dubai, UAE today. While speaking at the Roundtable, Union Minister stressed the importance of addressing environmental and climate objectives alongside economic development and further stated that accelerating low carbon transition across different economic sectors is the need of the hour.



At the World Green Economy Summit in Dubai stated that accelerating low carbon transition across economic sectors is the need of the hour.

Under PM Shri @narendramodi ji, measures to promote green economy in India are evident across sectors like energy, industry and forestry. pic.twitter.com/OOo7bvbcQX

— Bhupender Yadav (@byadavbjp) September 28, 2022

The Minister outlined achievements under various policies as well as partnerships steered by India under the dynamic leadership of Prime Minister Shri Narendra Modi. He mentioned global initiatives like International Solar Alliance and other initiatives for strengthening the green economy across key sectors like energy, industry, transportation, agriculture, and forestry. He further mentioned about the measures taken by India on sustainable finance such as sovereign green bonds, blended finance as well as setting up the GIFT city and the ISA-Solar Risk Mitigation Initiative.


The Union Environment Minister stated that India is the first country with a cooling action plan based on energy efficiency and thermal comfort, and has launched important initiatives including UJALA Yojana and schemes for industrial energy efficiency. India’s ambitious renewable energy progress was also mentioned.


On climate finance, Shri Yadav stated that Glasgow Financial Alliance for Net Zero estimates a requirement of USD 100 trillion of finance for global net zero by 2050. But, Developed countries have failed even in mobilizing the amount of USD 100 billion per annum by 2020, and India’s NDCs are thus largely financed by domestic investment.


After the Roundtable, The Union Minister also had a bilateral meeting with H.E Dr. ­Thani bin Ahmed Al Zeyoudi, UAE Minister of State for Foreign Trade. In the meeting, they discussed issues relating to COP 27, COP 28, MoU on Climate Actions between India and UAE, and global initiatives spearheaded by UAE and India for combating climate change.


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Tecknologia Goes Green

Sep 21, 2022 | Business

Tecknologia has opted for paper based packaging for all of its courseware and books being despatched to delegates and customers.

WEBWIRE –

If you think (effective) training is expensive, try ignorance!



Tecknologia has opted for paper based packaging for all of its courseware and books being despatched to delegates and customers. Starting September 2022 Tecknologia despatches all books and related courseware to its delegates and customers using paper based packaging instead of plastic bags and packaging.



Tecknologia plans to reduce the use of plastic in packaging to less than 5% by June 2023. Currently the figure is estimated to be around 15%.



Tecknologia is a diversified Technology Services, Consulting and Training provider, focused on improving value delivery for organisations through strategic alignment between initiatives and business objectives. Supported by decades of professional experience, Tecknologia is establishing itself as a global leader in Technology Services, Consulting and Training provision.



Tecknologia’s most famous trainings are as following:

  • Agile Programme Management (AgilePgM) Training Course
  • Managing Successful Programmes (MSP) Foundation and Practitioner Trainings

Tecknologia continues to be the most ethical training providers when it comes to serving its customers, while keeping the global issues in mind.

E Fest Cape Town to Host Africa’s Green Economy Summit to Connect Capital to Projects in Feb Next Year

Sep 3, 2022 | Business

 Africa’s Green Economy Summit, an official E Fest Cape Town event, to be hosted from 22–24 February 2023, will focus on the exciting investment opportunities to accelerate Africa’s adoption of renewable energy, clean transport and clean technologies, such as green hydrogen, that can effect social change and development.

Cape Town will host the E Fest from 22–25 February 2023*—a curated mix of content and events, showcasing our electric future in the week leading up to the first E-Prix event to take place on the African continent.

“Our role is to be agents for positive change in the South African economy,” says Iain Banner, co-founder of E Movement Pty Ltd and Africa’s Green Energy Summit. “By staging the summit, we are creating a marketplace to ensure real investment is made into qualifying green economy opportunities, not just in South Africa but deep into Africa too. We are connecting global capital with African green economic opportunity, so as to ensure there is real impact on the ground.”

SA needs to adapt to a green economy

“Climate change is accelerating the need for a green economy transition in Africa,” Banner explains, “and South Africa needs to adapt to a green economy to remain competitive in the global economy.”:

– South Africa is the 12th highest carbon emitter in the world and the highest

emitter in Africa.

– Over 90% of transport emissions in SA is caused by road transport, and motorcars in particular, and yet, the uptake of electric vehicles is slow.

– The slow adoption of EVs, along with the carbon intensiveness of the national electricity grid, uncoordinated policy frameworks and worsening socio-economic conditions have raised concerns over South Africa’s ability to adapt and remain globally competitive.

Western Cape: top green economy

“I look forward to participating in this exciting summit,” says the Western Cape’s Minister of Finance and Economic Opportunities, Mireille Wenger, “precisely because building energy resilience is a key priority for the Western Cape Government; not only because we need to mitigate the effects of loadshedding and the resulting economic damage, but also because of the immense potential this sector has to attract investment, grow our regional economy and create jobs.”

According to the minister, the Western Cape is already proudly positioned as one of Africa’s top “green economy” investment destinations: “We have a strong green economy ecosystem, which we have worked hard to cultivate, because by prioritising investments in the green economy, we are investing in our future, precisely because the future is green.”

Shaping the continent’s net zero future

“Africa’s Green Economy Summit will host finance and investor professionals from across the globe in a meeting place with the intention of connecting capital to projects,” says David Ashdown, CEO of VUKA Group, organisers of the summit.

“A global event like the Formula E being held in Africa for the first time will create legacy impact projects that will shape the future of our continent,” Ashdown explains. “Meeting during the week before race weekend, global delegates will contribute towards two days of deep dialogue around the green economy, a day of exciting social activities around the Western Cape and concluding in race weekend in the heart of Cape Town under the majestic Table Mountain.”

He adds: “VUKA Group is very proud to partner with the local organiser of the Cape Town E-Prix to contribute to the programme of events that are designed to create change across the continent.”

Green economy in Africa

The Summit’s focus on three of seven, interdependent green economy pillars; clean transport, renewable energy, and clean technologies, including green hydrogen, will drive a strong foundation of economic value and development. Due to rapid growth forecasts in population, motorisation, and urbanisation on the continent, it is urgent that these verticals become important to the agenda as transport decarbonisation is a core focus of cities and municipalities across the globe.

The event will highlight investment prospects that exist in the fields of green hydrogen, EVs and hybrid vehicles, energy storage, solar, hydro and wind energy, infrastructure development, smart cities as well as manufacturing. Creating a platform to bring stakeholders together in an environment where people and organisations will connect with information and to each other.

African cities and green-tech start-ups are spearheading the necessary change towards a just transition but require more capital to grow. Catalysing investments across local and international stakeholders is key to fast-tracking the development of projects and infrastructure to enable a net zero economy on the continent. This new era presents an unprecedented opportunity for projects to scale up, further development of infrastructure and re-industrialisation, which will have a significant impact on environmental sustainability and economic growth.

*Subject to FIA calendar ratification

Africa’s Green Economy Summit

Annemarie Roodbol

+27825627844

http://www.greeneconomysummit.com/

ContactContact

Categories

  • Alternative Energy

Hong Kong – Green turtles returned to sea (with photo)

Sep 2, 2022 | International

Green turtles returned to sea (with photo)

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     The Agriculture, Fisheries and Conservation Department (AFCD) released three green turtles in the southern waters of Hong Kong today (September 2).

      

     Three green turtles were found in the waters near Tolo Harbour and Sai Kung earlier on by AFCD staff and members of public. Two of them were physically weak while the other one was trapped in a mini raft. Following rescue and initial check-ups by the AFCD, the green turtles were taken to Ocean Park Hong Kong (OPHK). They were examined in detail by veterinarians of OPHK and were kept under their monitoring and veterinary care.

      

     An AFCD spokesman said, “The weights and carapace lengths of the three green turtles range from 10 to 26 kilograms and 43 to 57 centimetres respectively. All three green turtles were assessed by the veterinarians of OPHK as being in good condition and ready to return to the sea. The department is thankful to OPHK veterinarians and staff for taking good care of them.”

      

     Each of the green turtles was tagged with a microchip and an Inconel tag for future identification. A satellite transmitter was also attached to the carapace of each of the turtles. By tracking the movement and feeding grounds of green turtles in the sea, the AFCD can collect data for formulating appropriate conservation measures and will share its findings with other conservation authorities for better conservation of green turtles through concerted efforts.

      

     The green turtle is a globally endangered species and is the only sea turtle species known to nest locally. In Hong Kong, all wild turtles (including sea turtles) are protected by the Wild Animals Protection Ordinance (Cap. 170). No person shall hunt or wilfully disturb, possess, sell or export sea turtles. Otherwise, they will be liable to a maximum fine of $100,000 and imprisonment for one year. The specimens will also be forfeited upon conviction.

      

     In addition, all sea turtle species are listed in Appendix I to the Convention on International Trade in Endangered Species of Wild Fauna and Flora and regulated under the Protection of Endangered Species of Animals and Plants Ordinance (Cap. 586) (the Ordinance) in Hong Kong. The import, introduction from the sea, export, re-export or possession of specimens of sea turtles not in accordance with the Ordinance is an offence. The maximum penalty upon conviction is a fine of $10 million and imprisonment for 10 years, and the specimens will also be forfeited.

      

     Members of the public are urged to report any sighting of sea turtles or suspected irregularities involving sea turtles to the AFCD on 1823.

Pacific Green Successfully Executes Its Transition to Renewable Energy Recurring Income Model and Announces Its Annual Report for Year Ending March 31, 2022

Aug 11, 2022 | Business

Pacific Green Technologies, Inc. (the “Company” or “Pacific Green”, (OTCQB:PGTK)) announces that it has successfully completed its first milestone in the process of diversifying and regularizing its income streams. Pacific Green is transitioning from a single technology equipment provider in the marine sector to an asset-driven “build-own-operate” renewable energy and battery energy storage system (“BESS”) development company, led by the financial close in June 2022 of its first 99.98 MW project at Richborough Energy Park, as part of Pacific Green’s 1.1 GW pipeline of BESS developments in the UK. In summary:

– Successfully executed transition to renewable energy company with recurring income model from self-developed energy assets
– FY22 results impacted by COVID related slowdown to marine business
– 99.98 MW Richborough Battery Energy Park asset in construction, with projected commercial operations via the National Grid in June 2023
– Financial restatement reflects change in timing of milestone recognition. No impact on cash flows.

As part of this transition, along with tighter fuel spreads and COVID-19 pandemic logistical issues for the Company’s clients and suppliers in the marine sector, revenues have been reduced for the year ending March 31, 2022 to $15.44 million (FY21 revenue: $52.62 million) with a net loss for the year of US$10.75 million (FY21 net loss: US$1.81 million).

Within the stated losses includes a one-off, non-cash write-down of combined goodwill and intangible assets, totaling US$7.06 million against Chinese subsidiary Pacific Green Technologies (Shanghai) Co. Ltd. (formally Shanghai Engin Digital Technology Co. Ltd.) and Pacific Green Innoergy Technologies Ltd., acquired in 2019 and 2020, respectively.

The restatement of past financials noted in the Company’s year end filing reflects a change in the accounting treatment of the timing of revenue and expense recognition only, with no impact to cash flows, balances or the Company’s ability to undertake business development in the energy storage sector.

Over the past six months, the spread between high-sulphur and low-sulphur fuel oils has rebounded to exceed US$200 per ton. Pacific Green has witnessed a significant increase in new enquiries for its emissions control systems, commonly known as “scrubbers”, leading to further sales of the Company’s technology in the past months.

The Company has built out its BESS division, recruiting a world-class team of experts to create an industry leading platform to deliver its 1.1 GW pipeline in the UK and is now looking to expand the platform geographically.

Pacific Green has invested in its first 99.98 MW BESS project at Richborough Energy Park in the UK, supported by the Company’s 50% project equity partner, Green Power Reserves Limited, senior debt provided by Close Leasing Limited and energy optimization by Shell Energy Europe Limited. The development, Richborough Energy Park Limited, is currently in construction, with projected commercial operations commencing in June 2023.

During this period, the Company has funded the deposit to secure its second BESS development of 249 MW in the UK as part of the 1.1 GW pipeline.

About Pacific Green Technologies, Inc.

Pacific Green Technologies, Inc. is focused on addressing the world’s need for cleaner and more sustainable energy. The Company offers Battery Energy Storage Systems and Concentrated Solar Power energy solutions to compliment its marine environmental technologies division. For more information, visit Pacific Green’s website: www.pacificgreentechnologies.com

Notice Regarding Forward-Looking Statements:

This news release contains “forward-looking statements,” as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this news release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the construction of the 99.98 MW BESS the Company is to develop in Kent; and any potential business developments in the UK and future interest in the Company’s battery, solar and emissions control technologies.

Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, general economic and political conditions, the continuation of the construction of the 99.98 MW BESS, the sales of retrofit emissions control technologies and the ongoing impact of the COVID-19 pandemic. These forward-looking statements are made as of the date of this news release, and the Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although the Company believes that the beliefs, plans, expectations and intentions contained in this news release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all the information set forth herein and should also refer to the risk factors disclosure outlined in the Company’s annual report on Form 10-K for the most recent fiscal year, the Company’s quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.

Contact:
Scott Poulter, Chairman & CEO
Pacific Green Technologies
T: +1 (302) 601-4659