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Business and finance call on government to unlock demand for low-carbon products and accelerate industrial projects worth $1,000,000,000

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Endorsed by 40+ global business leaders and 700+ financial institutions, the Industrial Transition Accelerator (ITA) has issued an open letter urging governments to use policy to stimulate demand for green productsUncertain demand and a lack of incentives is stalling industrial decarbonisation, with producers and customers at a stalemate due to lower priced higher carbon productsNew data shows growth in the overall number of planned large-scale, green industrial facilities in 2024, but only eight projects have secured finance since April

BAKU, Azerbaijan, Nov. 14, 2024 /PRNewswire/ — Governments must urgently act to stimulate demand for green materials, chemicals and fuels to accelerate the decarbonisation of the world’s highest-emitting industries[1], according to 40+ business/ finance leaders and coalitions, representing more than 1,000 companies and financial institutions, in a new open letter. Doing so could unlock up to $1tn[2] of investment and bring more than 500 green industrial plants to construction by 2030. This would enable the emissions reduction needed from aluminium, cement, chemicals, steel, aviation and shipping – to align with a 1.5°C pathway in the next decade. 

 

 

New data from the ITA and the Mission Possible Partnership (MPP) reveals a growing pipeline of industrial projects. However, < 20% are operational or have the finance and approvals necessary to begin construction. Since April 2024, only eight facilities globally have reached Final Investment Decision (FID), leaving 561 announced but not yet definitively confirmed. 300 of these have been awaiting investment decisions for at least two years. If this rate continues linearly, it would take around 35 years for enough facilities to begin construction[3].

To move to a 1.5°C-aligned trajectory the full pipeline of projects must be financed and begin construction within the next two years[4].

A lack of policies has led to insufficient demand for green products leaving corporations and financiers without the certainty needed for long-term investments. Consequently, projects are stalling. Buyers are unable to commit to long-term offtake agreements at scale due to the continued availability of cheaper, higher-carbon equivalents and lack of incentives to opt for the cleaner option.

Led by the ITA and endorsed by The Glasgow Finance Alliance for Net Zero (GFANZ), the coalition from more than 50 countries, calls for governments to deploy policy measures in the open letter:

Supporting global carbon pricing and fuel standard measuresSetting and enforcing mandatory quotas for low- and near-zero-carbon fuels and productsSetting mandatory targets for low- and near-zero-carbon materials in public procurementSetting stringent and progressively tightening limits on whole life carbon Implementing mechanisms that help bridge the price gap between green commodities and potential buyers

Alongside the letter, the ITA has published a Green Demand Policy Playbook setting out evidence-based policy measures available to governments to increase demand for low- and near-zero-carbon materials, chemicals and fuels so as to unlock supply.

[1] Aluminium, cement, chemicals, steel, aviation and shipping
[2] The total investment figures in USD (global and regional) have been calculated using the number of identified projects in the MPP’s Global Project Tracker – which uses aggregated data to chart investment progress into net-zero-aligned projects – and publicly available investment data and insight on the amount of investment required for a green industrial plant to reach FID . Sources include: MPP, RMI, Systemiq and BNEF.
[3] 40 years for 552 projects at the pace of 7 projects over 6 months (552/7)/2
[4] The Tracker compares actual investment progress against the MPP’s 2030 pipeline targets, representing around 70% of the emissions abatement needed to keep the sectors within their sectoral carbon budgets for 2030 and on track for net zero 2050. The remaining 30% can be achieved through energy and materials efficiency

Infographic: https://mma.prnewswire.com/media/2556879/ITA_Infographic.jpg

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The total mileage of UAV transmission line inspection of State Grid Turfan Power Supply Company exceeded 50,000 kilometers

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November 26, 2024

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TURFAN, China, Nov. 26, 2024 /PRNewswire/ — On November 22, the transmission and operation inspection center of State Grid Turfan Power Supply Company successfully completed the line inspection task of the 110 thousand volt Jiaolang line, marking the company’s 389th unmanned aerial vehicle inspection task in the year. Since 2016, the State Grid Turfan Power Supply Company has actively applied and promoted UAV inspection technology, and has achieved full coverage of UAV transmission line inspection in complex terrain such as mountains, deserts, and Gobi.

The complex and diverse terrain of Turfan, including high mountains, deserts and Gobi, has brought arduous challenges to the inspection of transmission lines. However, through the application of drone technology, the State Grid Turfan Power Supply Company has not only overcome these difficulties, but also achieved remarkable results in the operation and inspection of transmission lines. At the same time, with the intelligent upgrading and digital transformation of power grid equipment and management, UAV technology is widely used in maintenance and hanging, live monitoring, power grid construction and other fields, and the intelligent level of transmission line operation and inspection has been continuously improved. Up to now, the company’s drone inspection has covered 215 transmission lines of 35 thousand volts and above, with a total mileage of more than 50,000 kilometers, which is equivalent to the length of a week around the Earth’s equator.

In the next step, the State Grid Turfan Power Supply Company will continue to expand the application scenarios of UAVs, actively introduce new technologies and equipment, and accelerate the transformation of intelligent operation and inspection mode. The company plans to continuously improve the level of equipment operation and inspection, consolidate the foundation of equipment safety, and ensure the safe and stable operation of the power grid by further optimizing the drone inspection process and improving the data analysis and processing capabilities.

 

View original content:https://www.prnewswire.com/apac/news-releases/the-total-mileage-of-uav-transmission-line-inspection-of-state-grid-turfan-power-supply-company-exceeded-50-000-kilometers-302316063.html

SOURCE State Grid Turfan Power Supply Company

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MiniTool’s Biggest Discount of the Year During Black Friday and Cyber Monday

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November 26, 2024

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VANCOUVER, BC, Nov. 25, 2024 /PRNewswire/ — MiniTool, a committed software development firm, offers MiniTool Partition Wizard, MiniTool Power Data Recovery, MiniTool ShadowMaker, MiniTool MovieMaker, MiniTool Video Converter, and other products in the 2024 Black Friday and Cyber Monday promotions. From November 25 to December 6, 2024, customers can visit the MiniTool promotion page to purchase products and enjoy big discounts.

Promotions and Activities

Entrance 1: Discounts for MiniTool Partition Wizard, MiniTool Power Data Recovery, and MiniTool ShadowMaker (UP TO 65% OFF)Entrance 2: Discounts for MiniTool MovieMaker and MiniTool Video Converter (UP TO 70% OFF)

MiniTool’s promotion is divided into three forms: lucky draw, combination promotion, and single item promotion.

Lucky Draw: Try your luck to get a discount or coupon for your desired single product. Each user has 5 chances per day during Black Friday sales.Combination Promotion: Or you can directly pick up your favorite bundles with a bigger discount!Single Item Promotion: Enjoy exclusive discounts on individual products!

Best Seller: MiniTool Partition Wizard Pro Ultimate + MiniTool ShadowMaker Pro Ultimate
MiniTool Partition Wizard is a top disk manager with comprehensive partition management features that can meet the basic disk and partition management needs of home and business users. It is available in Pro, Pro Platinum, and Pro Ultimate versions. Of these, the Pro Ultimate version is the best choice.

MiniTool ShadowMaker is a professional backup software based on the Windows system. It can safely back up files, folders, systems, disks, and partitions to internal or external hard drives.

MiniTool Partition Wizard Pro Ultimate and MiniTool ShadowMaker Pro Ultimate are originally priced at $199 and $158, respectively. During MiniTool’s Black Friday promotion, customers can buy these two products for ONLY $160.65 (55% OFF).

Double Protection of Data: MiniTool Power Data Recovery Personal Ultimate + MiniTool ShadowMaker Pro Ultimate
MiniTool Power Data Recovery is the best data recovery software for Windows users. It can successfully recover accidentally deleted files as well as files lost due to system crashes or virus attacks. Windows users can use MiniTool Power Data Recovery to recover data from internal storage, as well as external drives (such as HDD, SSD, USB, SD card, etc.).

MiniTool ShadowMaker can set up backup items regularly to properly protect your data and computer. It is the best choice for Windows users to back up files, hard drives, systems, etc.

MiniTool Power Data Recovery Personal Ultimate and MiniTool ShadowMaker Pro Ultimate charge $129 and $158 respectively. Now with a discount of 60% OFF, you ONLY NEED to PAY $114.80 for them.

65% OFF: MiniTool Partition Wizard Pro Platinum + MiniTool Power Data Recovery Personal Annual Subscription + MiniTool ShadowMaker Pro Annual Subscription
MiniTool Partition Wizard Pro Platinum offers all the features of the software, plus one year of free upgrades. It can be used on three devices after purchase. MiniTool Power Data Recovery Personal Annual Subscription offers all the functions of MiniTool data recovery software and a one-year free upgrade. MiniTool ShadowMaker Pro Annual Subscription allows use on two devices, plus one year of free updates.

The original prices of these three products are $129, $89, and $120 respectively. During the Black Friday promotion, you can get them all with ONLY $118.30 (65% OFF).

70% OFF: MiniTool MovieMaker Annual Subscription + MiniTool Video Converter 12-Month Subscription
MiniTool MovieMaker is the best choice for creating and editing videos. It supports adding transitions, special effects, and text to a video. Even beginners can make stunning videos with templates in MiniTool MovieMaker.

MiniTool Video Converter can convert audio and video into more than 1,000 formats. Its batch conversion function makes conversion more efficient. In addition, MiniTool Video Converter allows the recording of partial or full-screen activities without background noise.

The regular price of MiniTool MovieMaker Annual Subscription is $59.99, and the regular price of MiniTool Video Converter 12-Month Subscription is $119.99. During Black Friday, enjoy both of them for a whole year for ONLY $53.99, SAVING 70%!

For more product details, please visit the two promotion pages mentioned above.

About MiniTool® Software Ltd.
MiniTool® Software Ltd. is a software development company based in Canada. It is committed to providing customers with the most useful applications, such as MiniTool Power Data Recovery, MiniTool Partition Wizard, MiniTool ShadowMaker, MiniTool System Booster, MiniTool MovieMaker, and MiniTool Video Converter.

 

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SOURCE MiniTool Software Limited

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Al Marwan Real Estate to Boost Residential Experience with Yardi

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20 minutes ago

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November 26, 2024

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Sharjah-based property management and development company to reshape residential communities and unify real estate processes with intuitive cloud technology

DUBAI, UAE, Nov. 25, 2024 /PRNewswire/ — Al Marwan Real Estate, the development and operations arm of Al Marwan Group, is set to centralise management operations and elevate residents’ experience with Yardi®. With one of the largest residential portfolios of corporate real estate and investment assets, Al Marwan is responsible for the development, procurement, leasing and operations of residential projects across the emirate of Sharjah.

The Yardi Residential Suite, including RentCafe, will allow Al Marwan to effectively manage and unify its property operations – from unit marketing and resident onboarding to accounting, billing and reporting. Yardi’s resident portal and app will further help residents to self-serve, manage details, log maintenance requests and view invoices. It will also aid in centralising communication with management teams, ensuring tenant requests and concerns are resolved efficiently.

“We are excited to embrace Yardi’s intuitive property management solution, elevate our operational efficiencies, and deliver unmatched services to our clients,” shared Majd Al Zaiem, Director of Al Marwan Real Estate. “With Yardi as our single real estate management platform, we can streamline tenant leases online and process them with record efficiency, enhance sustainability efforts by eliminating paper transactions and strengthen communication channels across our business.”

“The Yardi platform equips Al Marwan with a seamless solution, empowering the company to optimise its business strategy while effortlessly planning for future growth,” said Said Haider, senior director for Yardi. “We are excited to work with Al Marwan Real Estate in the UAE and look forward to helping them further digitise their operations across the region.”

See how Yardi can improve your resident’s experience with an end-to-end cloud solution.

About Al Marwan Group

Since its inception in 1978, Al Marwan Group has been offering unparalleled services to the construction, heavy equipment, investment, hospitality and real estate sectors. As a key player in the construction, machinery and real estate industries with an expertise spanning 5 decades. For more information, visit almarwangroup.com.

About Yardi

Yardi® develops and supports industry-leading investment and property management software for all types and sizes of real estate companies. With over 9,500 employees, Yardi is working with clients globally to drive significant innovation in the real estate industry. For more information on how Yardi is Energised for Tomorrow, visit yardi.ae.

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Logo – https://mma.prnewswire.com/media/2447766/5046796/Yardi_Logo.jpg

View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/al-marwan-real-estate-to-boost-residential-experience-with-yardi-302315618.html

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