Mundo Verde Climate Leads Groundbreaking Transaction in the Global Voluntary Carbon Market

Deal reaffirms Mundo Verde Climate’s role as a leading global provider of carbon credits and helps to stimulate the voluntary market, which is set for a resurgence following COP28.

Geneva, Feb. 05, 2024 (GLOBE NEWSWIRE) — Mundo Verde Climate, a global player in climate finance and climate change risk management advisory, announced its pivotal role in one of the most significant transactions of 2023 within the global voluntary carbon market. The company, dedicated to forging a sustainable future for generations, continues to champion green technologies and nature-based solutions in the race to Net Zero.

In a significant stride towards achieving this goal, Mundo Verde Climate has entered into a strategic arrangement with Biotrend Enerji, the most prominent player in the Turkish integrated waste management, waste-to-energy and circular plastics market. This collaboration marks a milestone in the pursuit of mobilizing finance towards new climate change mitigation technologies.

Mundo Verde Climate took an instrumental role in developing the voluntary carbon units from Biotrend’s waste to energy activities through a certification and verification process under VERRA.  The transaction, covering over 2.4 million tons of CO2 in total, refers to voluntary carbon credits for release on the international market. Companies can acquire the credits to offset their emissions from unrelated activities.

The deal promises to impact the global voluntary carbon market substantially. Mundo Verde Climate, together with Biotrend, hopes that the initiative will provide much-needed carbon credits to satisfy demand in the voluntary offsetting market and inspire others to advance their projects and stimulate the market.

Reflecting on the efforts of governments at COP 28 to invigorate the global trade in voluntary carbon credits, Ms Gediz Kaya, Managing Partner at Mundo Verde Climate, expressed enthusiasm about the Biotrend arrangement, stating:

“According to Climate Policy Initiative, the amount of financing needed to be mobilized towards climate mitigation technologies by 2030 is $4.3 trillion annually and 21% of that finance is mobilized right now. So we need to take action and we need to decarbonize as fast as possible. This collaboration exemplifies our dedication to fostering international cooperation and collaboration of key industries in pricing carbon so that we can mobilize finance in the fight against climate change. By joining forces with Biotrend, we aim to catalyse transformative change and encourage companies in the energy sector, and other industries, to adopt a sustainable approach to managing their emissions.”

The COP28 summit in the United Arab Emirates discussed a number of important factors related to standards and integrity around carbon crediting and recognized the important role of voluntary carbon markets in addressing climate change. Mundo Verde Climate underscores the urgency of global collaboration to address climate challenges and calls for renewed efforts, partnerships, and commitments to mobilize finance. This is vital for accelerating the transition to a low-carbon economy.

Biotrend made a related public disclosure about certified carbon crediting on 8 November 2023, in its 9-month financial statement.

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media@mv-climate.com

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Leaders in Luxury: Automobili Pininfarina Recognised With Three International Awards

B95

B95 by Automobili Pininfarina

  • Automobili Pininfarina begins 2024 with multiple award wins for its design
  • PURA Vision awarded Silver in Conceptual Products / Automotive & Transport Product Design category at The International Design Awards
  • Automobili Pininfarina named ‘Luxury Electric Performance Car Manufacturer of the Year 2024’ by LUXlife Magazine
  • Battista Edizione Nino Farina crowned Best Electric Hypercar at Robb Report Monaco & Côte d’Azur Car of the Year 2024
  • Full suite of assets to support the news can be found here

CAMBIANO, Italy, Feb. 06, 2024 (GLOBE NEWSWIRE) — Automobili Pininfarina has kicked off 2024 with three award wins, as it continues to build on the success of a record-breaking previous year.

LUXlife Magazine named Automobili Pininfarina ‘Luxury Electric Performance Car Manufacturer of the Year 2024’ at its annual awards.

Celebrating the unparalleled achievements and exceptional creativity in the realm of luxury, LUXlife awards honour the leaders and pioneers who redefine excellence within the industry, setting higher standards of sophistication and elegance. Automobili Pininfarina was a winner within the ‘Leaders in Luxury’ category.

This was followed by another win for the PURA Vision design concept, which was awarded Silver in Conceptual Products / Automotive & Transport Product Design at the 2024 International Design Awards.

Battista Edizione Nino Farina

Battista Edizione Nino Farina by Automobili Pininfarina

PURA Vision represents the beginning of what promises to be a groundbreaking era for electric luxury vehicles and was penned by Chief Design Officer, Dave Amantea. It was unveiled at 2023 Monterey Car Week.

Dave Amantea, Chief Design Officer, commented: “Our PURA design philosophy is all about simplicity and timeless beauty, which is designed into every Automobili Pininfarina model. The elegant silhouette and dramatic proportions express this language on PURA Vision, envisioned here as a first-of-its-kind electric Luxury Utility Vehicle (e-LUV).”

The principles of the PURA philosophy, established by Automobili Pininfarina, transform the DNA of iconic models from Pininfarina SpA’s past to define the future, balancing inspiration from iconic classic cars with futuristic elements.

Inspired by classic proportions and exquisite detailing, PURA Vision presents an elegant silhouette with bold cab-rear proportions that combine timeless beauty with exquisite detailing to create a dynamic identity with unmistakable presence. Show-stopping features include its narrow glasshouse and tri-opening pillarless doors, which provide supreme access to its sophisticated cabin.

PURA Vision design concept

PURA Vision by Automobili Pininfarina

Most recently, the Automobili Pininfarina Battista Edizione Nino Farina was named Best Electric Hypercar at Robb Report Monaco & Côte d’Azur Car of the Year 2024. Introduced at the 2023 Goodwood Festival of Speed, it is a tribute to racing legend Nino Farina – nephew of company founder Battista ‘Pinin’ Farina and the first Formula One World Champion.

Each of the five unique examples features an exquisite detail that references a different milestone in Nino’s racing career. Finished in a bespoke Rosso Nino paint complemented by a special livery on the lower body, finished in Bianco Sestriere and Iconica Blu, the exterior design is completed by the Satin Gold 10-spoke forged aluminium Glorioso alloy wheels.

Press Contacts

Duncan Forrester
Chief Communications Officer
(M) +49 (0) 171 265 4094
d.forrester@automobili-pininfarina.com
Akira Shinonuma
Communications Manager
(M) +49 (0) 1511 0949270
a.shinonuma@automobili-pininfarina.com

FOR MORE INFORMATION, VISIT
https://automobili-pininfarina.com/media-hub

EDITOR’S NOTES

ABOUT AUTOMOBILI PININFARINA
Automobili Pininfarina is based in operational headquarters in Munich, Germany, with a team of experienced automotive executives from luxury and premium car brands. Designed, engineered and produced by hand in Italy, the Battista hyper GT and all future models will be sold in all major global markets under the brand name Pininfarina. The company aims to design experiences for the world’s foremost taste makers. Automobili Pininfarina GmbH is a 100 per cent Mahindra & Mahindra Ltd investment following the signing of a trademark licence agreement between Pininfarina S.p.A. and Mahindra & Mahindra Ltd. Pininfarina S.p.A. has an influential role in supporting design and production capacities based on its unique 94-year experience of producing many of the world’s most iconic cars.

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LOCAccra 2023 LOC calls on Ga Mantse


The Local Organising Committee (LOC) of the 2023 Africa Games on Monday called on the Ga Mantse, His Royal Majesty King Tackie Teiko Tsuru II.

The visit was to commiserate with him over the death of his father the late Dr. Ebenezer Tackie and also brief him on preparations made so far for the 2023 Africa Games.

Dr. Kwaku Ofosu Asare Chief Operating Officer (COO) of the LOC on behalf of the team expressed condolences to the Ga King for the loss of his father.

He noted that, all the facilities for the hosting of the African Games were ready and that Ghana would be ready to host the rest of the continent between March 8-23, 2023.

According to Dr. Ofosu Asare, Ghana now had modern athletics tracks at the University of Ghana Stadium, Aquatic Center at the Borteyman Sports Complex, tennis courts, among many other sporting facilities.

He said the new facilities puts Ghana in the right position to host other international sporting event after the African Games.

Dr. Ofosu Asare announced that, plans were in plac
e to for the launching of the 30-days before the games and the Ga Mantse would be invited to grace the occasion.

His Royal Majesty King Tackie Teiko Tsuru II commended the LOC for putting in place the needed facilities for the hosting of the games in Accra.

He said the various sporting facilities spread across the capital would reduce social vices among the youth as they would be kept busy by engaging in sporting activities.

His Royal Majesty noted that, he had initiated talks with some international outfits his team was excited to be build a modern sports complex in Accra.

He assured the LOC of his support for the hosting of the games and urged them to ensure that, international athletes and officials were brought to his palace for blessings.

The 2023 African Games would officially commence on March 18, and end on March 23, 2024, with the opening ceremony fixed for the University of Ghana Sports Stadium.

Source: Ghana News Agency

Sports Minister frowns on using stadiums for social events


Mr. Mustapha Ussif, the Minister of Youth and Sports, says he has engaged the National Sports Authority (NSA) in stopping the use of the national stadiums for social events.

There was serious agitations by some football fans following the closure of the Accra Sports Stadium for footballing activities by the NSA last December.

Mr. Mustapha Ussif, appearing before the Public Accounts Committee on Monday, stated categorically that he didn’t order the closure of the stadium for social events to be allowed to take place.

‘The main purpose of our sporting facilities is for us to use those facilities to develop talent and also for competitions, whether national or international.

‘I did not authorise the closure of the sports stadium. I am aware the stadium was closed and my major concern was the pitch.

‘Even though the NSA by law is the authority having the powers to manage all the sporting facilities for us and to ensure they are in good shape, once we have a major tournament coming; the Africa Games and we ha
ve also the Premiership ongoing, my major concern is how much we are getting from these social events that we are giving out these facilities to,’ he said.

The Minister was concerned that the money received from these social events might not be enough to better maintain the facility.

‘It’s something that I have engaged the Director General on that, going forward, this should not be done because, at the end of the day whatever you get from these social events might not be able to maintain the pitch,’ he noted.

Source: Ghana News Agency

‘Repeat or Revenge’ as South Africa takes on Nigeria on Wednesday


The semi-finals of the 2023 Africa Cup of Nations (AFCON), will take off on Wednesday, February 7, with host nation Cote D’ Ivoire, Nigeria, South Africa, and DR Congo going into battle for the ultimate prize.

Bafana Bafana face old-time foes, Nigeria, in the first semifinal on Wednesday, February, in what appears to be a repeat 2000 semifinal, that saw the Super Eagles overcome the 1996 champions 2-0 in Lagos.

The rivalry between the two sides would be renewed in Cote d’Ivoire as Nigeria chases their fourth title, while South Africa looks ahead to what has been an elusive second.

Following the 2000 semifinal defeat, the Super Eagles edged Bafana Bafana in the quarterfinals in the 2019 edition in Egypt with a narrow 2-1 win.

The two sides have met 14 times, with the Super Eagles enjoying a lion’s share of the results with seven victories against two for South Africa, with the remaining five ending in stalemates.

This would be another entry for the rich history books of African football, with Bafana Bafan
a now under the guidance of two former African champions against a star-studded Super Eagles side.

Hugo Broos, who guided the Indomitable Lions of Cameroon to victory five years ago seem to have the needed technical acumen to overcome the eagles having demonstrated in previous matches ahead of the semi-final clash.

Assisted by the Helman Mkhalele, a key member of the 1996 golden generation that lifted South Africa’s first and only African title, the South Africans are poised to change the tide against them this time around.

It looks like an uphill battle containing an explosive Super Eagles side led by the dangerous Victor Osimhen and the red-hot Ademola Lookman, and the West Africans seem to be the hot favourites, whilst the South Africans would take up the role of under-dogs at the Stade de la Paix in Bouake on Wednesday is at 17:00.

Source: Ghana News Agency

Institute for Energy Security charges ECG to deal with loses to shore up revenue


The Institute for Energy Security (IES) has asked the government to resource the Electricity Company of Ghana (ECG) effectively to increase revenue.

The Institute noted that resolving technical and commercial losses incurred by the Company would be ideal in raking in more revenue for the ECG’s operations than to introduce a tax handle.

The call follows government’s announcement of a 15 per cent Value Added Tax (VAT) on electricity consumption for residential customers exceeding the maximum consumption level for lifeline units.

Mr Andrew Agyapa Mercer, Deputy Energy Minister, has explained that the decision by government, though was a ‘difficult one’, was necessary to help clear off debts owed independent power producers.

In an interview with the Ghana News Agency, Nana Amoasi VII, Executive Director, IES said: ‘We must ensure that technical losses are brought down to the nearest minimum.’

‘They [ECG] should look for the smart metres that are capable to communicate right, able to detect theft, and put in
the right transformers and right cables in the distribution lines,’ Nana Amoasi VII said.

On the implementation of policies, he noted that over the past few years the government had made and passed polices and regulations for the power sector by ‘always putting the cart before the horse’.

That, he explained was not a good way to have the buy-in of the populace, therefore, called on the government to engage the citizenry and be transparent with all stakeholders, and be receptive to alternative views to make the energy sector robust.

‘It will be a smart thing for government to reverse this decision because it’s not going to help the sector, it is counter-productive,’ the IES Executive Director said.

Unions, including the Trades Union Congress (TUC) and the Ghana Union of Traders Association (GUTA) have all opposed the implementation of the 15 per cent VAT on electricity, citing its adverse impact on the economy.

‘GUTA firmly believes that the introduction of these additional costs will burden businesses, e
xacerbating the already high cost of doing business in the country,’ said, Dr Joseph Obeng, President, GUTA.

Speaking on a local radio station, Mr Joshua Ansah, Deputy Secretary-General, TUC, said the VAT on electricity would exacerbate the socio-economic hardships of Ghanaians.

‘The government has not informed us, neither have we met with them to officially tell us their intention to withdraw the tax. We only heard it on social media, and trust me, we will not rely on social media to make decisions,’ he said.

He said the Union was still preparing to embark on its intended demonstration till it received official assurance form government on the withdrawal of the tax.

Source: Ghana News Agency

Prioritise welfare of journalists in your policies – GJA to New Force Movement


The Ghana Journalists Association (GJA) has appealed to the leadership of the New Force Movement, a political movement, to prioritise the welfare of journalists in its policies and programmes.

The GJA mentioned working conditions, remuneration, and safety of journalists as among key issues that should find space in the manifesto of the Movement as it prepared to contest the 2024 presidential election.

Mr Albert Kwabena Dwumfour, President, GJA, made the appeal when Nana Kwame Bediako, leader, New Force Movement and his team paid a courtesy call on the leadership of the GJA in Accra on Tuesday.

The GJA President said low remuneration of journalists was a major concern and called for a national dialogue to discuss measures to improve the working conditions of journalists.

‘Working conditions of Journalists is a collective responsibility. All stakeholders should look at improving the situation to ensure professionalism.

‘Journalists need to be paid well. The media deserve better… journalists deserve good re
muneration,’ he said.

Mr Dwumfour welcomed plans by the New Force Movement to industrialise the country and create jobs, and urged the leadership to stick to the goals and work towards making the country prosperous.

He urged the Movement to support efforts for peaceful elections and maintain positive relationship with the media.

‘We assure you fair, adequate, and unbiased reportage,’ Mr Dwumfour said.

Nana Bediako recently announced his presidential ambition and declared his intention to contest the 2024 presidential election.

During the meeting, Nana Bediako outlined wide ranging measures, focusing on industrialising all regions of the country to create sustainable jobs for the youth.

He promised to introduce what he termed as Industrial Regional Evolution to decentralise industrialisation beyond the Greater Accra Region to cover the 15 other regions.

Nana Bediako said he would create industrial hubs to support the country’s industrialisation agenda and ‘bring speed to the economy’.

He said he would
also invest in railway development to support easy movement of goods and services across the country.

‘We should stop the exploitation of Africa. The youth should gain value from our own resources. As citizens, we are entitled to the usage of our own resources,’ he said.

Touching on his policies for the media, Nana Bediako said he had already established the Ghana Media Fund to support the welfare of journalists.

He said his vision was to see the expansion of Ghana’s media beyond the continent to push the African agenda and promote the interest of the continent.

‘Africa needs to share news among ourselves. The more we do, the more we become successful,’ Nana Bediako said.

Source: Ghana News Agency

Dapaah stolen cash: High Court adjourns case to March 8


An Accra High Court has adjourned to March 8, 2024, the case of seven persons being held over loss of various sums of money belonging to Madam Cecilia Abena Dapaah, a former Sanitation and Water Resources Minister, at her residence in Accra.

The court was to commence the Case Management Conference (CMC) today.

However, when the case was called, both defense counsel and the prosecution were absent hence the adjournment.

‘In the absence of both defense and prosecution, the matter is adjourned to March 8, 2024,’ the court, presided over Mrs. Justice Marie-Louise Simmons, said.

The defense counsel and the prosecution arrived in court soon after the adjournment.

Lawyer Abdul Basit Adams, counsel for the fifth accused person, informed the court about challenges with some of the sureties presented.

‘…We have fulfilled our part of the bail and same has been cleared by the registrars but the investigator said one of the sureties is a professional bailer and so he was not going to inspect it…’

The court said it
would tackle the challenge at the next adjourned date.

The accused persons are Patience Botwe, 18-year-old hairdresser and a former house help, Christiana Achab, a trader, Job Pomary and Malik Dauda, unemployed, Sarah Agyei, a former housekeeper, now unemployed, Benjamin Sowa, a plumber and Yahaya Sumaila.

They are being held for allegedly stealing one million dollars, 300,000 Euros, jewelry, among others.

All the accused persons are facing 31 counts of conspiracy to steal, stealing, dishonestly receiving and money laundering.

They have denied the charges, and the court has admitted them to bail in a total sum of GHC5,250,000.

Source: Ghana News Agency