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19 Leading Companies Signal Support for Energy Transition Accelerator

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NEW YORK, Sept. 24, 2024 /PRNewswire/ — Nineteen major companies today affirmed their support for an accelerated and just clean energy transition, discussing how high-integrity carbon credits can provide a critical source of climate finance and play an important role as part of individual corporate climate strategies. The discussion took place at a private sector roundtable at Climate Week NYC hosted by the Energy Transition Accelerator (ETA), a high-integrity carbon finance platform aimed at catalyzing private capital to support ambitious just energy transition strategies in developing and emerging economies.

Fourteen of the companies – Amazon, Bank of America, Boston Consulting Group, E.ON, Mastercard, McDonald’s, Meta, Morgan Stanley, Nike, PepsiCo, REI-Co-op, Salesforce, Schneider Electric, and Standard Chartered Bank – have signed a Letter of Interest since the ETA formed welcoming the ETA as an opportunity to support large-scale power sector transformation while accelerating progress towards their ambitious climate goals. “We further believe the ETA has the potential to serve as a model of high integrity in voluntary carbon markets,” the companies wrote in the letter.

The U.S. Department of State, the Bezos Earth Fund, and The Rockefeller Foundation formed the ETA in 2022 to eventually connect willing sellers and buyers employing high-integrity carbon crediting to support faster energy transition. The ETA will pioneer an innovative sectoral-scale approach to carbon crediting that will enable host countries to generate high-quality carbon credits as a way to finance their transition from fossil-generated to clean power, delivering faster, deeper greenhouse gas reductions and improving the lives of vulnerable people. The ETA is collaborating with the World Bank and its Scaling Climate Action by Lowering Emissions (SCALE) partnership to support host countries in developing power sector projects, policies, and carbon market infrastructure needed to generate high-integrity emissions reductions in a participatory and inclusive way.

Today’s roundtable featured remarks by former Secretary of State and Special Presidential Envoy for Climate John Kerry, who serves as the Honorary Chair of the ETA Senior Consultative Group. In addition to the corporate leaders, he was joined by senior officials from the Department of State and the World Bank Group; senior representatives of the Bezos Earth Fund, The Rockefeller Foundation, and C2ES, serving as the ETA’s secretariat; members of ETA’s newly established Senior Consultative Group; and senior representatives from Chile and the Dominican Republic as ETA pilot countries and the Philippines as an observer country. The roundtable discussion centered on the essential leadership role corporations aim to play to accelerate clean energy investment and keep a 1.5°C limit on warming within reach.

The full text of the corporate letter is available here.

Roundtable participants included:

Secretary John Kerry, 68th U.S. Secretary of State, former Special Presidential Envoy for Climate, and Honorary Chair, ETA Senior Consultative Group
Sue Biniaz, Principal Deputy Special Envoy for Climate, U.S. Department of State
Elizabeth Yee, Executive Vice President, The Rockefeller Foundation
Kelley Kizzier, Director of Corporate Action and Markets, Bezos Earth Fund
Nat Keohane, President, C2ES and ETA Secretariat
Jennifer Sara, Global Director, World Bank Group’s Global Department for Climate Change
Demetrios Papathanasiou, Global Director, World Bank Group’s Energy and Extractives Global Department
Arunabha Ghosh, Founder-CEO, Council on Energy, Environment and Water (CEEW)
Rachel Kyte, Co-Chair, Voluntary Carbon Markets Integrity Initiative (VCMI) 
Mary Nichols, Vice Chair, California-China Climate Institute
Leila Pourarkin, Partner, Kaya Partners
Anne Finucane, Senior Advisor to TPG Rise Climate and Former Vice Chair, Bank of America
Amazon
Bank of America
Boston Consulting Group
E.ON
IHG Hotels & Resorts
Mastercard
McDonald’s
Meta
Morgan Stanley
Netflix
Nike
PepsiCo
REI-Co-op
Salesforce
Santander
Schneider Electric
Standard Chartered Bank
Tiffany & Co.
Trane Technologies
Minister Joel Santos Echavarria, Ministry of Energy and Mines, Dominican Republic
Chadia Abreu, Advisor, Energy Regulation and Climate Solutions, Ministry of Energy and Mines, Dominican Republic
Juan Pedro Searle, Head of Climate Change and Carbon Pricing, Ministry of Energy, Chile
Michael O. Sinocruz, Director, Department of Energy, Philippines

About the Bezos Earth Fund:
The Bezos Earth Fund is helping transform the fight against climate change with the largest ever philanthropic commitment to climate and nature protection. Jeff Bezos has committed $10 billion in this decisive decade to protect nature and address climate change. By providing funding and expertise, we partner with organizations to accelerate innovation, break down barriers to success and create a more equitable and sustainable world. Join us in our mission to create a world where people prosper in harmony with nature.

About The Rockefeller Foundation:
The Rockefeller Foundation is a pioneering philanthropy built on collaborative partnerships at the frontiers of science, technology, and innovation that enable individuals, families, and communities to flourish. We make big bets to promote the well-being of humanity. Today, we are focused on advancing human opportunity and reversing the climate crisis by transforming systems in food, health, energy, and finance. For more information, sign up for our newsletter at rockefellerfoundation.org and follow us on X @RockefellerFdn.

View original content:https://www.prnewswire.com/news-releases/19-leading-companies-signal-support-for-energy-transition-accelerator-302257465.html

SOURCE The Rockefeller Foundation

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NAVEE Launches ST3 Pro and GT3 Pro at CES 2025, Receives UL and TÜV Rheinland Certifications

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LAS VEGAS, Jan. 10, 2025 /PRNewswire/ — NAVEE, a global leader in intelligent short-distance mobility, today announced the North American launch of its flagship electric scooters, ST3 Pro and GT3 Pro, at CES 2025. The event, running from January 7 to January 10, also marks the company’s achievement of two prestigious awards that validate its leadership in smart mobility.

UL verification: Micromobility Performance Range, Energy Consumption and Acceleration

During CES, UL awarded the ST3 Pro-U and GT3 Pro-U with the “Micromobility Performance Range/Energy Consumption/Acceleration” verification. This recognition validates NAVEE’s engineering excellence, with both scooters exceeding rigorous standards for range, energy efficiency, and acceleration. Bryan Bai, NAVEE’s Vice President and Head of North American Sales, and Sherry He, vice president and general manager of Consumer, Medical and Information Technologies at UL Solutions, presided over the award ceremony.

TÜV Rheinland Certification: Range at Max. Speed

Simultaneously, TÜV Rheinland granted the ST3 Pro its “Range at Max. Speed” certification, verifying that the scooter delivers on its promised maximum speed range capabilities. Jay Yang, Vice President of Greater China Electrical at TÜV Rheinland, presented the certification to NAVEE, underscoring the scooter’s exceptional performance standards.

“These launches at CES 2025 represent a significant milestone in our mission to advance smart mobility technology for consumers worldwide,” said Lu Jian, Brand Representative of NAVEE. “The UL verification and TÜV Rheinland certification demonstrate our unwavering commitment to excellence and validate the real-world performance our customers can expect.”

ST3 Pro and GT3 Pro: Redefining Smart Mobility

The ST3 Pro and GT3 Pro represent the next evolution in urban transportation. Engineered for the demands of modern city commuting, these premium electric scooters combine exceptional range and acceleration with sophisticated smart features. The prestigious UL verification and TÜV Rheinland certification affirm NAVEE’s position as an industry pioneer in electric mobility innovation.

About NAVEE

Founded in 2021, NAVEE has quickly emerged as a leader in the global electric mobility market. With a presence in over 30 countries and more than 200,000 users, NAVEE is revolutionizing urban commuting with stylish, reliable electric scooters. The company continues to invest heavily in research and development, ensuring it remains at the forefront of innovation in the electric mobility sector.

For more information, visit: NAVEE Official Website https://www.naveetech.com/

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SOURCE NAVEE

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Fintech nsave launches investment platform, offering people from distressed economies protection from inflation with compliant and safe investments abroad

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nsave offers trusted dollar, sterling or euro accounts abroad to people from high inflation countries.Customers can now access a range of US equities, ETFs and funds.TQ Ventures leads $18mn financing, with participation from Sequoia Capital, Y Combinator, ACE Ventures, and Proton.

LONDON and GENEVA, Jan. 10, 2025 /PRNewswire/ — nsave, the provider of trusted, compliant accounts abroad to people from countries with high inflation, has today announced the launch of an investment product, enabling people at risk of financial exclusion to protect and grow their wealth.

The company also confirmed an $18mn Series A investment led by TQ Ventures with participation from Sequoia Capital, Y Combinator, ACE Ventures, and Proton Foundation, to accelerate their growth.

Today’s means customers can access US equities, ETFs and soon funds managed by some of the world’s largest asset managlaunchers via the nsave app, subject to onboarding and compliance checks.

By working with regulated financial institutions and banking partners in the UK and Switzerland, nsave offers safe and compliant accounts abroad, democratising offshore services to millions of people affected by high inflation or economic uncertainty in their home countries.

nsave’s customers include young professionals who move abroad and face exclusionary and outdated compliance processes due to their country of birth, alongside people from high inflation economies, who fear their life savings will be wiped out.

Based in London and Geneva, nsave is led by former Rhodes Scholars Amer Baroudi and Abdallah AbuHashem.

nsave CEO Amer Baroudi said: “Our vision is to go beyond just protecting everyday people’s wealth by enabling safe and compliant accounts abroad, but to enable them to grow it, too.”

“For some of our customers, this is the first time they can access trusted investment services securely. We believe your passport shouldn’t determine your path to prosperity. Our compliance-by-design approach enables us to offer services safely to many more people.” 

TQ Ventures co-founder and co-managing partner, Schuster Tanger, said: “nsave is tapping into a massive market of individuals underserved by existing financial services who need secure, stable financial solutions.”

“From the outset, I was impressed by nsave’s unique approach and the strength of their team, no doubt a function of Amer and Abdallah’s own lived experience of these challenges. We’re thrilled to roll up our sleeves with nsave to create a more inclusive financial system.”

Contact:
press@nsave.com

 

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Vietnam’s Youth Rally Behind Blockchain: KuCoin Reveals Groundbreaking Insights at VTIS 2024

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HANOI, Vietnam, Jan. 10, 2025 /PRNewswire/ — KuCoin, a leading global cryptocurrency exchange, is excited to share the findings from its second edition of the KuCoin Campus Survey, conducted during the Vietnam Technology & Investment Summit (VTIS) 2024. With 926 participants surveyed from December 3rd to December 4th, 2024, the results underscore the vibrant interest in blockchain technologies among Vietnam’s youth, reinforcing KuCoin’s commitment to nurturing this vital market.

The survey, a key initiative under KuCoin Campus, highlights a strong, positive sentiment towards cryptocurrencies, with 92% of participants optimistic about the future of digital assets. Remarkably, 82% of respondents are considering blockchain-related careers, signaling a burgeoning talent pool eager for development and opportunities within the industry.

Vietnam’s strategic importance to both KuCoin and the broader crypto community is evident as 68% of participants expressed a “very high interest” in blockchain, making it a critical hub for crypto innovations and community engagement. Additionally, 73% of respondents currently hold cryptocurrencies, demonstrating a mature market ready for further expansion and adoption.

The survey also uncovered a significant inclination towards diverse blockchain roles, with data analysis (24%), marketing (22%), and business development (21%) being the most coveted. These insights are invaluable as they highlight the areas of highest potential and interest among the future workforce.

Vietnam has been and will continue to be a key market for us,” said Alicia Kao, the Managing Director of KuCoin. “As the People’s Exchange, we are committed to empowering and equipping this new generation with the tools they need to succeed in the evolving digital landscape.”

View the full report here (EN version, VN Version), or visit KuCoin’s official website for further information.

About KuCoin

Founded in 2017, KuCoin is one of the pioneering and most globally recognized technology platforms supporting digital economies, built on a robust foundation of cutting-edge blockchain infrastructure, liquidity solutions, and an exceptional user experience. With a connected user base exceeding 37 million worldwide, KuCoin offers comprehensive digital asset solutions across wallets, trading, wealth management, payments, research, ventures, and AI-powered bots. KuCoin has garnered accolades such as “Best Crypto Apps & Exchanges” by Forbes and has been recognized among the “Top 50 Global Unicorns” by Hurun in 2024. These recognitions reflect its commitment to user-centric principles and core values, which include integrity, accountability, collaboration, and a relentless pursuit of excellence.

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