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Global Times: China’s commitment makes global green transition more achievable

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BEIJING, Aug. 12, 2024 /PRNewswire/ — Right after the conclusion of the Paris Olympics, a US media outlet voiced concern that “by 2050 most of the world will be too hot to hold the Olympic Games.” With rising temperatures and more frequent extreme weather events, the idea that future Summer Olympics might only be held in the southern hemisphere’s winter no longer seems far-fetched. In response to these challenges facing human survival, the world is seeking solutions, and China’s latest proposal is “green transition in all areas of economic and social development.”

The Third Plenary Session of the 20th Central Committee of the Communist Party of China (CPC) proposed a series of goals to further deepen reforms comprehensively, including accelerating a comprehensive green transition in all economic and social sectors. Recently, the CPC Central Committee and the State Council have unveiled a set of guidelines to ramp up green transition in all areas of economic and social development (hereinafter referred to as the “guidelines”). It marks China’s first systematic national approach to green transition. As the world’s second-largest economy with a population of over 1.4 billion, China has proactively proposed this comprehensive green transition after setting “dual carbon” goals. Amid global setbacks in green transformation, increasing politicization of climate issues, and rising green trade barriers, China is providing a crucial piece for the fragmented Blue Planet.

To address climate change, China committed in 2020 to peak carbon emissions by 2030 and achieve carbon neutrality by 2060. Four years have passed, and the progress has been remarkable. As of the end of June 2024, the installed capacity of renewable energy reached 1.653 billion kW, accounting for 53.8 percent of the country’s total installed capacity. China’s combined installed capacity of wind and solar power has surpassed that of its coal power for the first time. Recent international reports highlight China’s leading position in wind turbine patent competitiveness. An International Energy Agency report, “Renewables 2023,” pointed out that in 2023, China commissioned as much solar PV as the entire world did in 2022. China is steadily fulfilling its commitments to both itself and the world according to its own timeline.

The recently issued guidelines provide a clear timetable, roadmap, and blueprint for green transition, making the development path for “Beautiful China” more specific and comprehensive. For instance, it proposes creating green development hubs in regions such as Xiong’an New Area, the Guangdong-Hong Kong-Macao Greater Bay Area, and the Yangtze River Delta. The plan also aims to integrate green industries with artificial intelligence, big data, cloud computing, and industrial internet to promote digital and green coordinated transition. Additionally, it outlines a systematic approach to “green consumption” by addressing the roles of government, businesses, and consumers. The guidelines have outlined a blueprint for China’s green transformation from both the supply side and the demand side. It will also promote China to play a greater role in the global green industry chain.

Among the current achievements of China’s comprehensive green transition, “building the world’s largest and most complete new energy industry chain” is something to be proud of. At the same time, China’s “new three items” have gone global, earning praise from consumers for their good quality and affordable prices. It is China’s own technological innovation and complete industrial chain system that have provided affordable green transformation solutions for the world, making new energy more accessible.

Regardless of the quality and service of new energy products in European countries and America, their high costs are not suitable for the new energy transformation structure of the vast number of developing countries. In this situation, Chinese products meet the demands of developing countries’ green transformation, providing greater opportunities for deep cooperation among “Global South” countries.

Between 2018 and 2023, annual net additions of renewable capacity grew by a compound annual rate of 10 percent globally, but only by 5 percent in Africa. For “Global South” countries, including African countries, the fundamental issue is not the “overcapacity” issue hyped to create green barriers, but the lack of capacity or technology to address climate change and meet green transformation. Data shows that in 2023, China’s exports of new energy vehicles to Africa increased by 291 percent compared to the previous year.

In recent years, China’s affordable and high-quality clean energy products have not only provided Africa with the opportunity to keep up with developed countries in green transformation, but also helped children in remote villages there to meet their need for studying under electric lights. Cooperation between China’s green industry and “Global South” countries can achieve win-win results, while also protecting people’s livelihoods.

As clearly stated at the beginning of the guidelines, promoting the green and low-carbon development in the economy and society is an important symbol of the new era’s new concept and practice of party and state governance. This includes “participating in and leading the global green transformation process.” As a strong engine and power source of the global green transformation, China’s systematic and firm planning and actions for green transformation will further strengthen the confidence of other developing countries in achieving the dual goals of industrialization and economic growth.

It is believed that other countries will also realize that China’s exploration and firm practice in green transition have positive significance.

View original content:https://www.prnewswire.com/news-releases/global-times-chinas-commitment-makes-global-green-transition-more-achievable-302220573.html

SOURCE Global Times

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Cat® Simulators New Hydraulic Mining Shovel System Builds Operator Skills for Mine Sites

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September 23, 2024

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Simformotion™ LLC, a leader in heavy equipment simulator training solutions, announces the release of the new Cat® Simulators Hydraulic Mining Shovel System.

PEORIA, Ill., Sept. 23, 2024 /PRNewswire-PRWeb/ — Simformotion™ LLC – a leader in heavy equipment simulator training solutions – announces the release of the new Cat® Simulators Hydraulic Mining Shovel System. Operator trainees can utilize the system inside a classroom or at satellite mine locations.

“The new Hydraulic Mining Shovel simulator system is the cornerstone of our Cat Simulators mining models. The system trains students and operators using authentic Cat controls and teaches applications found on real-world job sites,” says CEO Lara Aaron.

The hands-on training system is set in a mining environment and teaches learners how to operate the Hydraulic Mining Shovel, including inspecting the machine, spotting and properly loading trucks, and more. Correct, efficient operation increases safety, production and cost savings. Simulation is a safe alternative to using actual machines for heavy equipment operator training. Students and operators can train anytime and anywhere using simulators — no need to take a costly machine out of production, worry about the weather or, most importantly, worry about the operator’s safety.

“The new Hydraulic Mining Shovel simulator system is the cornerstone of our Cat Simulators mining models. The system trains students and operators using authentic Cat controls and teaches applications found on real-world job sites. We often hear of the struggles to find skilled operators. Cat Simulators systems help companies build their own workforce,” says CEO Lara Aaron.

The Cat Simulators Hydraulic Mining Shovel system is available in multiple languages and includes SimU Campus™, a built-in reporting software that records and generates reports of learners’ simulation sessions and compares their performance to Caterpillar benchmarks. The system features authentic Cat controls, a motion system, exclusive walkaround machine inspection training, and a companion SimScholars™ curriculum, making the training package a unique offering.

The companion SimScholars online curriculum is a one-to-one match with the simulator model and can be used in the classroom or for remote learning. It is an interactive, turn-key solution complete with instructor guides, videos, quizzes and more. Integrate the Cat Simulators Hydraulic Mining Shovel system and its curriculum together for a unique, blended learning experience.

For even more training value and for a more immersive experience, add VR Edition. With the VR headset and patented VR Now technology, users experience a larger view of the virtual environment with greater depth perception. The simulator is portable and easy to move from a training room to a trailer to satellite locations.

About Simformotion™ LLC

©Copyright 2024 Simformotion™ LLC is a leader in heavy equipment simulator training solutions. Simulation can help address initiatives such as safety and production; while ensuring training can be delivered anytime day or night, regardless of weather conditions. Cat Simulators are chosen as training solutions in such markets as mining, construction, forestry, government, and trade and vocational schools. Simformotion™ LLC is a licensee of Caterpillar Inc. As used herein, “Simformotion” means Simformotion™ LLC, a Delaware limited liability company.

About Caterpillar Inc.

About Caterpillar Inc. With 2023 sales and revenues of $67.1 billion, Caterpillar Inc. is the world’s leading manufacturer of construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. For nearly 100 years, we’ve been helping customers build a better, more sustainable world and are committed and contributing to a reduced-carbon future. Our innovative products and services, backed by our global dealer network, provide exceptional value that helps customers succeed. Caterpillar does business on every continent, principally operating through three primary segments – Construction Industries, Resource Industries and Energy & Transportation – and providing financing and related services through our Financial Products segment. Visit us at caterpillar.com or join the conversation on our social media channels at caterpillar.com/en/news/social-media.html.

CAT, CATERPILLAR, LET’S DO THE WORK, their respective logos, “Caterpillar Corporate Yellow,” and the “Power Edge” and “Modern Hex” trade dress, as well as corporate and product identity used herein, are trademarks of Caterpillar and may not be used without permission. www.cat.com / www.caterpillar.com Third party trademarks are the property of their respective owners.

Media Contact
Kim Roberts, Simformotion, 1 3096703200, kroberts@simformotion.com, https://simformotion.com/

View original content to download multimedia:https://www.prweb.com/releases/cat-simulators-new-hydraulic-mining-shovel-system-builds-operator-skills-for-mine-sites-302255377.html

SOURCE Simformotion

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GR0 CEO Kevin Miller Snags C-Suite Insiders CEO of the Year Award for Brand Optimization

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September 23, 2024

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GR0 Co-Founder and CEO Kevin Miller Honored for Excellence in Leadership, Innovation, and Industry Impact

LOS ANGELES, Sept. 23, 2024 /PRNewswire-PRWeb/ — Kevin Miller, Co-Founder and CEO of GR0, was awarded CEO of the Year for brand optimization from the prestigious C-Suite Leadership Awards Program. This recognition underscores Miller’s outstanding leadership, innovation, and transformative impact in the digital marketing industry.

Recognized for celebrating excellence in senior executives, the C-Suite Leadership Awards Program highlights remarkable achievements in business. Emphasizing the importance of exceptional leadership, innovation, and industry impact, the program honors high-performing executives who inspire success while shaping the future of their companies.

As Co-Founder and CEO of GR0, Kevin Miller has propelled his company to the forefront of the digital marketing industry. Leveraging extensive expertise from roles at Google and Open Listings, Miller has spearheaded notable successes for GR0, including accolades such as a Platinum dotCOMM award in 2024 and a Best SEO Company award from Clutch in 2021.

Assisting both D2C and B2B clients, GR0 is known for delivering measurable growth and impactful results as a trusted agency for businesses seeking transformative omnichannel digital marketing solutions.

Miller’s dedication to his team and commitment to fostering an exemplary working environment have not gone unnoticed. He was recognized with a Best CEO Award from Glassdoor and was instrumental in GR0 being named a Best Company for Women by Great Place to Work in 2024. These achievements underscore Miller’s holistic approach to leadership, focusing on business success and employee well-being.

For further details on Miller’s remarkable achievements and to explore GR0’s transformative digital marketing strategies, visit GR0’s website.

About GR0: A leading omnichannel digital marketing agency based in Los Angeles, GR0 delivers exceptional growth and impactful results for a diverse clientele. With a record of innovation and recognition in digital marketing, GR0 sets benchmarks and drives success stories for businesses worldwide.

Media Contact

GR0 Agency, GR0, +1 (310) 439-1887, performancepr@gr0.com, gr0.com 

View original content:https://www.prweb.com/releases/gr0-ceo-kevin-miller-snags-c-suite-insiders-ceo-of-the-year-award-for-brand-optimization-302253897.html

SOURCE GR0

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First Pacific Bank expands its instant payments offerings with Finastra, driving growth

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55 mins ago

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September 23, 2024

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With Finastra Payments To Go, the bank enhances its payments infrastructure and unlocks new opportunities 

LAKE MARY, Fla., Sept. 23, 2024 /PRNewswire/ — Finastra today announced that First Pacific Bank, a Southern California-based community bank that offers custom financial solutions for individuals and businesses, has selected Finastra Payments To Go to modernize its payments infrastructure. The cloud-based, SaaS payments hub solution will help the bank to deliver FedNow send and receive services 24/7, support ISO 20022 compliance, and enable its projected growth. 

As part of Finastra’s commitment to Open Finance, Payments To Go offers seamless connectivity to other software providers, fintechs, and financial institutions, giving banks the flexibility needed to deploy modern and agile payment solutions quickly and efficiently.

“Our selection of Payments To Go was driven by the need for a robust instant payments platform that supports our growth and innovation plans, particularly as we expand our commercial business,” said Sharokin Badal, SVP, Director of Deposit and Treasury Services at First Pacific Bank. “With Finastra, our customers will benefit from additional payment offerings, enabling better cash flow and financial management. The modernity and scalability of Payments To Go, along with its seamless integration with our existing vendors, make it the ideal solution.”

Deployed on Microsoft Azure cloud, Payments To Go provides the bank with the agility needed to offer new and innovative payments rails, including FedNow Service. As one of the first software providers in the industry to complete certification for the FedNow Service and ISO 20022 compliance, Finastra is well-positioned to provide financial institutions with the ability to deliver instant payment services around the clock, with more than 200 customers across the US able to launch FedNow Service through its solutions.

“Our payments as a service solution provides First Pacific Bank with a modern infrastructure that enables scalability and an enhanced customer experience,” said Radha Suvarna, Chief Product Officer, Payments at Finastra. “We’re pleased that the bank selected us to not just prepare them for regulatory and compliance requirements, but to support the team as they meet the moment to unlock new opportunities in payments innovation.”

“Readiness for both ISO 20022 messaging standards for Fedwire and the FedNow Service are critically important for community-based financial institutions to stay competitive and compliant as the instant payments space continues to evolve,” said Erika Baumann, Director Commercial Banking and Payments at Datos Insights. “By aligning with global standards and embracing new payment rails, community banks are well positioned to improve their offerings.”

To learn more about Payments To Go, visit Finastra at Sibos 2024 on stand G30.

About Finastra
Finastra is a global provider of financial services software applications across Lending, Payments, Treasury and Capital Markets, and Universal (retail and digital) Banking. Committed to unlocking the potential of people, businesses and communities everywhere, its vision is to accelerate the future of Open Finance through technology and collaboration, and its pioneering approach is why it is trusted by ~8,100 financial institutions, including 45 of the world’s top 50 banks. For more information, visit finastra.com.

About First Pacific Bank
First Pacific Bank is a wholly owned subsidiary of First Pacific Bancorp (OTC Pink: FPBC) and is a growing community bank catering to individuals, professionals, and small-to-medium sized businesses throughout Southern California. With a history that spans 17 years, the Bank offers a personalized approach, access to decision makers, a broad range of solutions, and a commitment to delivering an exceptional customer experience. First Pacific Bank operates locations in Los Angeles County, Orange County, San Diego County, and the Inland Empire. For more information, visit firstpacbank.com or call 888.BNK.AT.FPB.

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View original content:https://www.prnewswire.co.uk/news-releases/first-pacific-bank-expands-its-instant-payments-offerings-with-finastra-driving-growth-302254356.html

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