Launched by DP World in December 2024, the six-month trial began on January 1. It offers importers 50kg of carbon credits for every loaded import container processed through DP World’s London Gateway and Southampton terminals. John Trenchard, vice president of commercial and supply chain, DP World in the UK, said: “Through our revolutionary Carbon Inset Programme, we are working with partners in the DP World group to build on what we have already achieved with our Modal Shift Programme, which reduced the carbon emissions of our customers by more than 17,000 tonnes in its first year. ” The initiative aims…
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ISLAMABAD – Pakistan’s renewable energy boom can unlock billions in climate finance, as country’s carbon credit earnings can be increased to up to $43 million annually by expanding off-grid renewable energy (RE). Transitioning to clean energy sources presents a promising avenue for Pakistan to both mitigate carbon emissions and strengthen its economic prospects, said Pakistan Institute of Development Economics(PIDE). PIDE has released a knowledge brief, “Unlocking Climate Finance: Potential Carbon Credits from Renewable Energy,” highlighting how Pakistan can generate revenue while combating climate change by tapping into global carbon credit markets. By leveraging solar energy sources and participating in carbon…
Doctoregg | Moment | Getty ImagesAsia-Pacific markets traded mostly higher Monday, as investors parsed Japan’s fourth-quarter economic growth data, while awaiting a slew of central bank decisions from the region this week.Japan’s Nikkei 225 traded around the flatline, while the Topix added 0.15%. South Korea’s Kospi added 0.18% andthe small-cap Kosdaq added 0.35%.Japan’s economic expansion in the fourth quarter beat analysts’ expectations for quarter-on-quarter and annualized growth, preliminary government data showed Monday. On an annualized basis, GDP grew 2.8%, exceeding the Reuters estimates of 1%.The Japanese yen strengthened to trade at 151.95 against the greenback.Australia’s S&P/ASX 200 slipped 0.64%.Hong Kong’s…
German Chancellor Olaf Scholz saw the move to tie future military aid to mineral access as appallingly transactional and criticized it as “very egotistic, very self-centered.” Kyiv realizes, however, that the focus on its minerals is vital to continued U.S. support — and therefore the country’s survival — so it deliberately tailored its message to Trump’s commercial instincts. Knowing he would not be swayed by pleas to protect democracy, Kyiv played up the dangers of metals that are vital for industrial and military technologies falling into Moscow’s — and therefore China’s — grasp. “Overall, this is a positive signal,” Oleksandr…
A financial advisor researching the pros and cons of baby bonds. SmartAsset and Yahoo Finance LLC may earn commission or revenue through links in the content below. Baby bonds are fixed-income securities issued by government entities and corporations, offering regular interest payments and a predictable return backed by the issuing authority. Often available in denominations under $1,000, these bonds are accessible to a wider range of investors. In the U.S., the term “baby bonds” sometimes also refers to publicly funded savings accounts for children aimed at reducing wealth disparities, but this is distinct from the financial instruments available to investors.…
WASHINGTON – Rare earths are among the most critical raw materials on the planet, deeply embedded in the technologies that underpin modern life. Yet few people have heard of them or know what they do.With obscure names like lutetium and dysprosium, rare earths are used in everything from iPhones and magnetic resonance imaging machines to missile guidance systems. More recently, demand has been propelled by the green tech that is helping to cut carbon emissions.The world has long been reliant on China for rare earths, but Western nations are looking to diversify their supply chains.US President Donald Trump has homed…
A new technology is helping U.S. communities install accessible pedestrian signals at a fraction of the typical cost — and helping get some of America’s most long-sought city accessibility requirements off the shelf and onto the streets. Photo: PolaraTexas-based traffic device manufacturer Polara recently announced that it had launched a fully wireless and solar-powered pedestrian signal, which uses auditory alerts to alert walkers with vision impairments when and in which direction to cross. After successful pilots in cities like Seattle, New York, and Fort Wayne, communities reported that they could install the signals in days rather than months, at a…
Commercial and residential buildings at dusk in the Minato district of Tokyo, Japan.Bloomberg | Bloomberg | Getty ImagesJapan’s economic expansion in the fourth quarter beat analysts’ expectations for quarter-on-quarter and annualized growth, preliminary government data showed Monday.GDP grew 0.7% quarter on quarter, more than the 0.3% rise expected by economists polled by Reuters. It had expanded by a revised 0.4% in the previous quarter.On an annualized basis, GDP grew 2.8%, exceeding the Reuters estimate of 1%.Japan’s economy grew 1.2% year on year in the fourth quarter, compared with the 0.6% rise in the third quarter.The Nikkei 225 fell 0.29% after…
Cargo owners register more than 100,000 container units within first two months of DP World trial Source link
Vice President JD Vance and Ukrainian President Volodymyr Zelenskyy meet on the sidelines of the 61st Munich Security Conference in Germany on Friday. Tobias Schwarz/AFP via Getty Images hide caption toggle caption Tobias Schwarz/AFP via Getty Images KYIV — As the Trump administration publicly hammers out its plans on ending Russia’s war on Ukraine, it’s also pressing Ukraine for deals in exchange for more aid. One deal in the works would hand the U.S. the right to mine critical minerals including rare earth metals, which are used in a variety of products including laptops, electric vehicle batteries and cancer treatment…