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Building stronger, more climate-resilient communities

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The Government of Canada provides $530 million to municipalities through the Green Municipal Fund to help communities adapt to climate change

OTTAWA, ON, June 3, 2024 /CNW/ – Communities across Canada need new infrastructure that is built for healthy, affordable living, economic sustainability and ensures the safety of homes and businesses in the 21st century. Making our communities more liveable in a world impacted by climate-related events including floods, storms, and wildfires means planning ahead and building more resilient roads, bridges, water treatment facilities, telecommunication, networks evacuation routes and much more.

To provide fairness for every generation, create new opportunities and launch Canadian Environment Week, the Government of Canada is accelerating adaptation support for resilient municipal infrastructure.

Today, the Honourable Steven Guilbeault, Minister of Environment and Climate Change, along with the Honourable Harjit S. Sajjan, President of the King’s Privy Council for Canada, Minister of Emergency Preparedness, and Minister responsible for the Pacific Economic Development Agency of Canada, and Tim Tierney, Third Vice-President of the Federation of Canadian Municipalities (FCM), on behalf of FCM President Scott Pearce, announced the Local Leadership for Climate Adaptation (LLCA) initiative, through the Green Municipal Fund.

This $530-million initiative represents one of the largest ever investments in building liveable and resilient communities in preparation for climate change in Canadian history and is a key initiative under Canada’s National Adaptation Strategy.

Through collaboration with local governments, the initiative will support adaptation planning, capacity building, implementation, and financing, to help municipalities and their partners build long-term, resilient infrastructure. By 2031, the initiative will have funded more than 1,400 municipal activities.

As part of today’s announcement, the federally funded Green Municipal Fund is accepting applications through its website under the Adaptation in Action funding stream of LLCA. In all, there are three funding streams that will provide substantial support for municipalities to carry out climate adaptation projects. In addition to support for climate adaptation planning, municipalities can apply for up to $1 million for implementation projects and up to $70,000 for feasibility studies. Municipalities that have completed climate adaptation plans and/or risk assessments are eligible to apply. The deadline for applications is August 14, 2024.

The Green Municipal Fund is also introducing funding for partner-led initiatives that will enable skills development and training to help local governments build more resilient communities. Eligible partners will receive funding and support to design and deliver training programs that equip municipalities with the tools they need for proactive and equitable climate resilience planning.

While all people in Canada are at risk of climate change impacts, these risks are not shared equally. Those already facing inequities in our society, including marginalized groups, the elderly, and the people living with disabilities, are among those most likely to be impacted by severe weather events. The new climate adaptation initiative announced today will focus on advancing meaningful equity and inclusion outcomes through projects to help build stronger, more liveable, and more resilient communities all across Canada.

Quotes

“Municipalities are on the front lines of climate change, and they know best what local challenges—and solutions—are affecting local neighbourhoods, transportation, and businesses. The Federation of Canadian Municipalities and the Government of Canada partnership is helping build stronger, more liveable communities, providing safety and security in the face of a changing climate. With smart investments, forward planning, and active collaboration, we can support communities that are already feeling the impacts of climate change and help make them more sustainable and prosperous for generations to come.”
– The Honourable Steven Guilbeault, Minister of Environment and Climate Change

“Today’s announcement marks a significant step forward in empowering local governments to address climate change head-on. By funding climate adaptation initiatives, we are not only supporting communities in their efforts to become more resilient, but also contributing to building stronger, more robust infrastructure. This program ensures a sustainable future and stronger, safer communities for all Canadians.”
– The Honourable Sean Fraser, Minister of Housing, Infrastructure and Communities

“Extreme weather events are increasing in frequency and severity. We are committed to helping communities build resilience to these hazards. The new LLCA initiative is a great example of the improvements in adaptation and disaster resilience we can achieve through collaboration across all levels of government.”
– The Honourable Harjit S. Sajjan, President of the King’s Privy Council for Canada, Minister of Emergency Preparedness, and Minister responsible for the Pacific Economic Development Agency of Canada

“The Federation of Canadian Municipalities’ Green Municipal Fund and the federal government are stepping up to meet the challenges of a changing climate with innovative and community-focused solutions. With the launch of the LLCA initiative, we can bring real, tangible benefits to municipalities. Imagine a new green space in your community that also serves as a flood barrier, or a local training program that empowers residents to tackle climate change head-on. From projects that support storm-resistant coastal barriers and water conservation practices, to slope stabilization for fire-impacted and permafrost-degraded areas, this initiative is a national declaration with locally felt impacts. LLCA will build resilient communities that not only anticipate future climate challenges but actively adapt to them.”
Scott Pearce, President of the Federation of Canadian Municipalities

Quick facts

Since 1971, Canada has celebrated Canadian Environment Week in alignment with the United Nations World Environment Day, observed on June 5. This year’s theme for World Environment Day is “Generation Restoration”, focused on land restoration, halting desertification, and building drought resilience. Canadian Environment Week expands upon this theme by celebrating all of the actions that we are taking, at home and globally, to achieve a greener future.Canada’s National Adaptation Strategy lays out goals, objectives, and targets to reduce the risks associated with climate-related disasters, improve health outcomes, protect nature and biodiversity, build and maintain resilient infrastructure, and support a strong economy and workers.To support the Strategy, the Government of Canada Adaptation Action Plan outlines what the federal government is doing to prepare for climate change. It highlights over 70 actions across 22 departments and agencies to help meet Canada’s adaptation goals and address climate change risks facing Canadians.The Government of Canada has invested more than $6.6 billion in adaptation since 2015. This includes $2.1 billion in commitments since fall 2022 to implement the National Adaptation Strategy and support other adaptation-related activities.The Green Municipal Fund manages approximately $2.4 billion in programs funded by the Government of Canada to support municipal environmental priorities, including the new $530 million investment in community-based adaptation initiatives.This $530-million investment was first announced on November 24, 2022, as part of over $2 billion in new federal funding commitments to help protect communities from coast to coast to coast to prepare for climate change under the National Adaptation Strategy.

Related products

Update on federal climate change adaptation actionsLocal Leadership for Climate Adaptation: backgrounder

Associated links

Canada’s National Adaptation StrategyGovernment of Canada Adaptation Action PlanGreen Municipal FundLocal Leadership for Climate AdaptationFederation of Canadian Municipalities

Environment and Climate Change Canada’s X (Twitter) page

Environment and Climate Change Canada’s Facebook page

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Schneider Electric India Recognized by Frost & Sullivan as the Indian Company of the Year 2024

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Recognition for boosting customer value with its technologically powered solutions and market-leading position.Schneider Electric India has become a celebrated name in India’s smart metering market, leveraging six decades of operational excellence, industry expertise, and business success.

SAN ANTONIO, Dec. 23, 2024 /CNW/ — Frost & Sullivan recently assessed the metering industry, and based on its analysis, it has recognized Schneider Electric India Pvt Ltd (SEIPL) for the 2024 Indian Company of the Year Award. Schneider Electric India Pvt Ltd (SEIPL) is the Indian arm of Schneider Electric, a global leader in digital transformation of energy management and automation . A recognized name in India’s metering industry, Schneider Electric India draws on over 60 years of expertise and thought leadership in industrial sustainability, universal and software-centric automation, data privacy and security. Serving various sectors, including buildings, infrastructure, industries, data centers, and homes, the company demonstrates its solutions’ scalability, scope, and applicability . It has a robust Indian footprint with 31 factories (including five smart factories) and more than 39,000 employees serving customers in over 500 cities.

Over the years, Schneider Electric India has solidified its leadership position in India’s smart metering market, and the company has a dominant market share in the advanced metering infrastructure (AMI) segment. This superlative performance underscores its ability to deliver innovative and reliable solutions consistently. Schneider Electric’s advanced smart metering devices, equipped with cutting-edge technologies, empower both utilities and consumers. By enabling real-time data transmission and eliminating manual meter readings, these solutions optimize grid management, enhance billing accuracy, and drive operational efficiency—all while empowering consumers to monitor and control their energy consumption, contributing to sustainability and cost savings.

Iqra Azam, best practices research analyst at Frost & Sullivan, observed, “Schneider Electric’s rich history of accomplishments and best practices implementation demonstrates its focus on continuous growth, harmonizing with economic and social sustainability-focused initiatives and fortifying its market leadership.”

Speaking on this recognition, Mr. Deepak Sharma, Zone President, Greater India, and MD & CEO of Schneider Electric India, said, “This recognition underscores our team’s dedication to delivering scalable, cost-effective, and sustainable solutions that set us apart in the smart metering industry. Our strong emphasis on research and development, innovation, and localizing components allows us to meet market demands and provide enhanced value to our customers. Our Mysuru smart metering plant further reinforces our commitment to delivering on this promise.”

The company is strengthening its leadership position in the metering market by actively working to increasing the localization component of its electricity meters sold in India, providing customers with greater value and supporting local economies. By adopting a transparent business approach, Schneider Electric India is building strong, long-lasting customer relationships , providing a clear understanding of its value proposition from the outset.

“Schneider Electric India proves its commitment to sustainability with outstanding initiatives that align with the Indian Government’s approach to a green India. It maintains transparent, reliable, and continuous communication with customers, addressing their unmet needs, evolving demands, and regular queries,” added Neha Tatikota, industry analyst for Energy & Environment at Frost & Sullivan.

Each year, Frost & Sullivan presents a Company of the Year Award to the organization that demonstrates excellence in growth strategy and implementation in its field. The award recognizes a high degree of innovation in products and technologies and the resulting leadership in customer value and market penetration.

The Frost & Sullivan Best Practices Awards recognize companies in various regional and global markets for demonstrating outstanding achievement and superior performance in leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analyses, and extensive secondary research to identify best practices in the industry.

About Frost & Sullivan

For six decades, Frost & Sullivan has been world-renowned for helping investors, corporate leaders, and governments navigate economic changes and identify disruptive technologies, Mega Trends, new business models, and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion. Contact us: Start the discussion.

Contact:

Tarini Singh
P: +91 9953764546
E: tarini.singh@frost.com

About Schneider Electric

Schneider Electric’s purpose is to create Impact by empowering all to make the most of our energy and resources, bridging progress and sustainability for all. At Schneider, we call this Life Is On.

Our mission is to be the trusted partner in Sustainability and Efficiency.

We are a global industrial technology leader bringing world-leading expertise in electrification, automation, and digitization to smart industries, resilient infrastructure, future-proof data centers, intelligent buildings, and intuitive homes. Anchored by our deep domain expertise, we provide integrated end-to-end lifecycle AI-enabled Industrial IoT solutions with connected products, automation, software, and services, delivering digital twins to enable profitable growth for our customers.

We are a people company with an ecosystem of 150,000 colleagues and more than a million partners operating in over 100 countries to ensure proximity to our customers and stakeholders. We embrace diversity and inclusion in everything we do, guided by our meaningful purpose of a sustainable future for all.

www.se.com  

Follow us on: 

https://twitter.com/SchneiderElechttps://www.facebook.com/SchneiderElectric?brandloc=DISABLEhttps://www.linkedin.com/company/schneider-electrichttps://www.youtube.com/user/SchneiderCorporatehttps://www.instagram.com/schneiderelectric/http://blog.se.com/

Discover the newest perspectives shaping sustainability, electricity 4.0, and next-generation automation on Schneider Electric Insights.

Contact: Binni Rawat
Phone: +91-9999646207
Email ID: binni.rawat@se.com 

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ATFX won “Best Online Trading Company Global 2024” at World Business Outlook Awards 2024

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HONG KONG, Dec. 24, 2024 /PRNewswire/ — ATFX, a leading global forex and CFD broker, has been awarded the “Best Online Trading Company Global 2024” by the World Business Outlook Awards. This accolade highlights ATFX’s unwavering dedication to excellence, innovation, and delivering a superior trading experience for its clients worldwide.

This recognition underscores ATFX’s ability to combine cutting-edge trading technology with a client-centric approach. Offering robust platforms, personalized solutions, and extensive educational resources, ATFX ensures traders of all experience levels can navigate financial markets with confidence. Its global reach, paired with localized support, further solidifies its reputation as a trusted trading partner.

The World Business Outlook Awards celebrate organizations that demonstrate exceptional performance and leadership. By earning this award, ATFX has affirmed its position as an industry leader, committed to innovation and transparency. ATFX’s leadership credited this achievement to the trust of its clients, the dedication of its employees, and the company’s focus on staying ahead of industry trends.

Winning the “Best Online Trading Company Global 2024” reflects ATFX’s mission to redefine online trading standards. Moving forward, the company remains focused on enhancing its offerings, supporting financial literacy, and empowering traders globally with unparalleled tools and services.

About  ATFX

ATFX is a leading global fintech broker with a local presence in 23 locations and licenses from regulatory authorities including the UK’s FCA, Australian ASIC, Cypriot CySEC, UAE’s SCA, Hong Kong SFC and South African FSCA. With a strong commitment to customer satisfaction, innovative technology, and strict regulatory compliance, ATFX provides exceptional trading experience to clients worldwide.

For further information on ATFX, please visit ATFX website https://www.atfx.com.

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THE STATE OF GLOBAL OPTIMISM REVEALED BY LG IN NEW SURVEY

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Company Unveils the Biggest Topics of Global Optimism: Entertainment, AI and Healthcare.

SEOUL, South Korea, Dec. 23, 2024 /PRNewswire/ — According to the latest research by LG Electronics (LG), 48 percent of consumers say they are more optimistic now than they were compared to six months ago.

The survey, conducted across 16 markets, provides extensive data on global optimism, its drivers and the demographics that feel the most optimistic and happy. The global average optimism score is 7.49/10. France, the UK and Australia were revealed to be among the least optimistic countries, scoring 14.5 percent below the average. Conversely, Saudi Arabia (12 percent above), India (10.8 percent above) and the UAE (8.1 percent above) were the most optimistic. Consumers were most optimistic about their personal growth and development (69 percent) and family dynamics (66 percent), but least optimistic about their finances.

Entertainment, including movies, TV, music and art, was identified as the most significant factor driving optimism (60 percent), followed by AI (56 percent). Less than half of the respondents chose social media (48 percent), while international crises such as war generated the least optimism.

LG conducted the survey to support and understand the nature of happiness, aligning with its brand philosophy, Life’s Good. The results are part of LG’s broader effort to assess the potential and influence of optimism globally, reflecting the company’s commitment to enhancing consumer optimism.

The survey also reveals key aspects of generational attitudes towards optimism. Optimism and happiness both decrease with age, although the latter was found to reduce at a slower rate. Interestingly, despite younger age groups averaging higher rates of happiness and optimism, individuals under 18 reported some of the lowest scores. Additionally, 50 percent of Gen Zs expressed that optimism can be harmful, the highest of any age group. This caution may be due to their life stage, as Gen Zs were twice as likely to disagree about having the tools needed to succeed (16 percent) compared to millennials.

The Role of Social Media

Younger age groups are more likely to search online for positive content and like-minded people to improve optimism. 86 percent of consumers say social media impacts their personal lives, more than those who believe it impacts society (67 percent). Gen Zs are also more likely to talk to a therapist, indulge in shopping or take drastic actions to counter negativity, such as deleting a social media account.

In contrast, older groups tend to seek offline comforts, such as spending time outdoors, seeing family or engaging in hobbies. Younger people appear more willing to seek external methods to boost optimism and happiness compared to their older counterparts.

Optimism your feed

“As a brand that is passionate about spreading optimism, we strive every day to be the most customer-focused we can possibly be.” said Kim Hyo-eun, vice president and head of LG’s Brand Management Division. “Consumers want tools to feed their optimism and belief in the future, and providing this is a key part of LG’s mission. That is why we launched our ‘Optimism your feed‘ campaign, which empowered users to pull more optimistic content into their social media feeds. The campaign has been proven to help consumers boost positive feelings, with 78 percent of people saying they felt more optimistic after seeing the campaign versus before exposure.”

The “Optimism your feed” playlist can be found on LG’s global TikTok channel (@lge_lifesgood) and global YouTube channel (@LGGlobal). More details can be found on the campaign page on www.lg.com/lifesgood/.

Survey Methodology
Global survey conducted by GWI 
Fieldwork conducted from August 26 to October 7, 2024 
Age: Between 16 – 64 years old, all income levels 
Sample size: 300 respondents each across 16 markets, except for 70 respondents in KSA

About LG Electronics, Inc.
LG Electronics is a global innovator in technology and consumer electronics with a presence in almost every country and an international workforce of more than 74,000. LG’s four Companies – Home Appliance Solution, Media Entertainment Solution, Vehicle Solution and the Eco Solution – combined for global revenue of over KRW 82 trillion in 2023. LG is a leading manufacturer of consumer and commercial products ranging from TVs, home appliances, air solutions, monitors, automotive components and solutions, and its premium LG SIGNATURE and intelligent LG ThinQ brands are familiar names world over. Visit www.LGnewsroom.com for the latest news.

 

 Media Contacts:

LG Electronics, Inc.

LG Electronics, Inc.

Lea Lee 

Jenny Shin

+82 2 3777 3981

+82 2 3777 3692

lea.lee@lge.com 

jungin.shin@lge.com 

www.LGnewsroom.com  

www.LGnewsroom.com 

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