Tag: greenhouse gas
Breaking News
Mitsubishi Corporation, Kaluza, and Miraiz to Launch Initiative for Decarbonising Mobility in Japan
Kaluza's platform is being deployed to optimise when EVs charge at users' homes so they store cheap and green energy, helping to reduce energy costs for society as a whole while providing a rewarding charging experience for customers. Through the deployment, Kaluza will demonstrate the effectiveness of its technology and benefits of this type of service in the Japanese market.
Based on the results obtained from this trial, the three companies will continue to develop smart services for electric vehicles, helping increase adoption and powering progress towards a decarbonised society.
Kaluza works with a number of leading automotive and energy companies in the UK including OVO Energy, the country's third largest energy supplier. Kaluza's platform uses AI to optimise the charging of a variety of distributed energy resources, including electric vehicles, to help customers reduce their energy costs, expand the use of renewable energy, and reduce congestion on power transmission and distribution networks, thereby contributing to the creation of a decarbonised society. Kaluza is also partnering with Mitsubishi Corporation to develop new services for electric vehicle drivers in Japan.
Yasuhiko Okabe, COO of Mitsubishi Corporation's Utility Retail division, commented:
"In line with our greenhouse gas emission reduction targets and energy transformation investment guidelines set out in October 2021, and as a business involved a diverse array of business including resources and energy, we are committed to fulfilling our responsibility to ensure a stable supply of energy while balancing the common global challenge of achieving a carbon-neutral society. We look forward to expanding our collaboration with Miraiz and other electric retailers and automakers who support our alliance with Kaluza to provide solutions for the electric vehicles of the future."
Scott Neuman, CEO of Kaluza commented:
"This new initiative enables energy, transport and advanced software to come together and deliver low-carbon solutions centred around the customer. We are delighted to deploy our smart charging technology in Japan with Mitsubishi Corporation and Mir aiz, and look forward to pioneering new propositions together with a range of auto manufacturers."
Taro Usui, Manager of Service Platform Development Dept. of Miraiz commented: "In line with the 'Zero Emissions Challenge 2050' announced by the Chubu Electric Power Group on March 23, 2021, we will continue to develop energy management services and other services to support electrification and reduce CO2 emissions.
Inquiry Recipient:
Mitsubishi Corporation
Telephone:+81-3-3210-2171
Facsimile:+81-3-5252-7705
Copyright 2022 JCN Newswire. All rights reserved. www.jcnnewswire.comMitsubishi Corporation, Kaluza Ltd. and Chubu Electric Power Miraiz Co. has started a smart charging trial for electric vehicles (EVs) in order to accelerate the development of decarbonisation-focused services for the mobility sector.
B20 Task Force Proposes 3 Green Energy Transition Recommendations
 |
The three recommendations were agreed upon during the Business 20 (B20) Inception Meeting held virtually at the end of January 2022, as noted in a release issued by PT Pertamina and received here on Thursday.
The Business 20, or B20, is an outreach group from the G20 that represents the international business community.
Chair of B20 Energy, Sustainability, and Climate Task Force Nicke Widyawati emphasized the importance for Indonesia to transition to green energy as mandated by President Joko Widodo.
According to Widyawati, the energy transition effort is a challenge for all, but it should also be viewed as an opportunity to create sustainable economic growth in future by implementing good established scenarios and roadmaps, especially with regard to the financial aspects.
"The B20 Energy, Sustainability and Climate Task Force has the same priorities as Indonesia's G20 presidency in which we must be a strong green energy catalyst and go hand in hand with the principles of energy security, energy equity, and environmental sustainability," Widyawati, concurrently the president director of state-owned oil giant Pertamina, stated.
She further noted that the Task Force will formulate some policy recommendations for sustainable energy transition, with focus on three priority issues.
- First, the Task Force will put forth the recommendation on accelerating transition to sustainable energy use in order to ensure that global warming is limited to a maximum of 1.5 degrees Celsius.
With regard to such a recommendation, the main efforts identified for the energy transition policy is the development of alternative fuel industries around the use of hydrogen and biofuels.
- The second issue for recommendation is to ensure a fair and affordable way of transition as well as global cooperation on impact mitigation and support for adaptation to changes brought about by energy transition.
- The third is global cooperation in increasing energy security for households and MSMEs as a means to end extreme poverty and accelerate energy transition to sustainable energy use.
"Those three priority issues will form the basis for formulating policy recommendations from the Energy, Sustainability and Climate Task Force by considering other critical issues, such as carbon pricing, global cooperation, livelihoods, and institutional development for financing and technology adoption," Widyawati explained.
She also stated that energy is a binding constraint for sustainable economic growth and is a crucial matter for economic development to recover from the impact of the COVID-19 pandemic.
She also emphasized that urgent and focused action was currently needed to address various global challenges, including the lagging rate of energy transition, climate change due to anthropogenic greenhouse gas (GHG) emissions that have become a critical issue, and economic growth depending on fossil fuel energy consumption that contributed to most of the GHG emissions.
Widyawati also pressed for expediting energy transition globally while continuing to increase energy security and equity in an effort to sustain economic growth and reduce extreme poverty.
In addition, the financing gap must be bridged and investment must be shifted more to the energy transition infrastructure that can be paid for by carbon pricing, she remarked.
Widyawati also accentuated the importance of ensuring energy equity by increasing access to and affordability of clean and modern energy that is not only essential for a successful transition but also delivers environmental and economic benefits.
"Renewable energy-based power generation, electrification, and energy efficiency are the main pillars for faster energy transition, technology investment, and energy transition sector," she stated.
"However, developing countries still lack frameworks, well-established governance, markets, advanced financial services, trained workforce, and access to advanced technology. Those aspects are needed for changes (in energy transition), and all of them are owned by developed countries," she remarked.
At the B20 Inception Meeting, the Task Force Deputy Chair Agung Wicaksono stated that in order to seek inputs from businesspersons, the Task Force had also conducted a survey.
The survey covers 13 potential issues: institutional development, global cooperation, alternative energy sources, differential rates per sector, prevention of new carbon lockouts, carbon pricing, mitigation of financial impact, mitigation of loss of livelihoods, standardized ESG frameworks, ensuring orderly transitions, increasing access, affordability and adoption of end-user technologies.
Wicaksono stated that the survey results became the basis for the Task Force to formulate recommendations.
He also acknowledged that the energy transition efforts will require structured and committed global cooperation in improving governance capacity, supporting market development, channeling finance and technology, and upgrading workforce skills.
"The spirit, hard work, and commitment of this meeting continues, and it will bring global change for the better after the COVID-19 pandemic, so that we can Recover Together, Recover Stronger," he remarked.
Written by: Yuni Arisandy Sinaga, Editor: Fardah Assegaf (c) ANTARA 2022
Media Contact: Fajriyah Usman, Vice President Corporate Communications, PT Pertamina (Persero)
Mobile: +62 858 8330 8686, Email: fajriyah.usman@pertamina.com, URL: https://www.pertamina.com
Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.comThe B20 Energy, Sustainability & Climate Task Force, led by the largest Energy State-Owned Enterprise in Indonesia PT Pertamina (Persero), has proposed three green energy transition recommendations to be presented at the G20 high-level meeting in Bali in November 2022.
SCSK and NEC Strengthen Collaboration to Accelerate Customers’ DX and Business Growth
Background and purpose of establishing a new company
Due to the global COVID-19 pandemic and the frequent occurrence of natural disasters, there is a need for the utilization of secure and safe data centers to further raise awareness of business continuity, and to ensure the safety of sensitive information such as personal information. Furthermore, due to the shift to remote work and the acceleration of digital transformation (DX), there is a growing need for using richly functional and highly flexible cloud services.
SCSK and NEC will jointly operate a data center in Inzai City, Chiba Prefecture, Japan, scheduled for completion in April 2022, to accelerate DX for customers, and to attract ecosystem partners, including cloud providers. This will provide customers with significant benefits in terms of convenience and confidentiality in connecting to ecosystem partners when using jointly operated data centers.
Ecosystem partners will also install network connectivity points to jointly operated data centers in the future, giving both companies' customers the opportunity to leverage the services of the ecosystem partners.
To realize these environments, both companies will jointly own and operate data centers and establish a data center joint operating company with the aim of creating and providing new services with the ecosystem partners.
Role of the new company
The new company will hold the property of a data center in Inzai City, scheduled for completion in April 2022, and will provide data center services and network services to SCSK and NEC. In addition, the new company aims to operate an environmentally friendly data center by using renewable energy, and both companies will contribute to the achievement of virtually zero greenhouse gas emissions.
Future development
SCSK and NEC will continue to attract ecosystem partners to realize a high level of convenience and confidentiality in an environment that combines customer-specific systems within data centers and various cloud services. Going forward, both companies will continue to support the acceleration of customers' DX and business growth through collaboration in the data center and network business.
Profile of the new company
1. Company name: SCSK NEC Data Center Management, Ltd.
2. Business Activities: Provision of data center services and network services for SCSK and NEC from Inzai City, Chiba Prefecture, Japan
3. Date of Establishment: April 1, 2022
4. Representative: Hiroshi Ogasawara, Representative Director
5. Head Office: Toyosu, Koto-ku, Tokyo
6. Capital: 200 million yen (including capital reserve)
7. Ownership ratio: SCSK： 62.5%　NEC： 37.5%
8. Number of employees: 10
About SCSK Corporation
SCSK provides a full lineup of services to support any area of IT solution required for businesses from consulting to system integration, verification services, IT infrastructure implementation, IT management, IT hardware and software sales, and BPO (business process outsourcing).
SCSK at new windowhttps://www.scsk.jp/index_en.html
About NEC Corporation
NEC Corporation has established itself as a leader in the integration of IT and network technologies while promoting the brand statement of "Orchestrating a brighter world." NEC enables businesses and communities to adapt to rapid changes taking place in both society and the market as it provides for the social values of safety, security, fairness and efficiency to promote a more sustainable world where everyone has the chance to reach their full potential. For more information, visit NEC at https://www.nec.com.
Copyright 2022 JCN Newswire. All rights reserved. www.jcnnewswire.comSCSK Corporation and NEC Corporation today announced that they will strengthen collaboration in the data center and network business to accelerate customers' DX and grow their businesses.
MHI Joins “ACT FOR SKY,” a voluntary organization working for the Commercialization, Promotion and Expansion of Domestically Produced SAF
 |
"ACT FOR SKY" with "ACT" representing the cooperation and collaboration by companies committed to take "action" for these goals-will aim to raise awareness among citizens and companies of the importance of SAF, carbon neutrality and achieving a circular economy. Applying expertise across relevant industries, the four founding companies will coordinate the activity of other member companies as well.
MHI is embarking on a project to develop a commercial-scale supply chain for sustainable aviation fuel (SAF) derived by biomass gasification integrated with FT synthesis technology(2). By achieving reduction in greenhouse gas emissions caused by jet fuels, the Company will contribute to mitigating the aviation industry's impact on the global environment.
Background
- A rapidly growing global need to reduce CO2 emissions has called for the aviation industry to accelerate the development, production, distribution, and use of SAF. This fuel is sourced from sustainable resources such as tallow (animal oils and fats), used cooking oil (UCO), biomass, municipal solid waste, exhaust gases, and CO2.
- As global SAF demand grows, a stable supply of domestically produced SAF is considered essential in Japan. However, domestically produced SAF has not been commercialized yet, and establishing stable supply chain, from procurement of feedstock to supply of SAF, remains an urgent issue.
- Compared to Europe and the U.S, where SAF is already being commercialized, and its awareness is relatively strong, it is necessary to raise the awareness of SAF in Japan as well.
Overview of activities
- Promotion of the members' activities toward decarbonization and a circular economy through the domestic production of SAF
- Discussions and analysis on the costs to achieve these goals
- Raise awareness on carbon neutrality, through local governments and education
- Exchanging information among members, for next actions
- Share information on how other countries are acting for SAF promotion
- Identify common issues for domestic SAF production, and share the information and analysis gathered with related organizations
Specific member initiatives
ACT FOR SKY consists of the following 16 members (as of March 2, 2022).
"ACT" member companies: Companies/organizations directly involved in domestic SAF business
(founding companies in bold)
Future development
Along with a variety of other stakeholders, ACT FOR SKY will promote and expand the domestic production of SAF, which will lead to the development of aviation network in Japan and the industry related to SAF production. Together, we will establish a sustainable society.
ACT FOR SKY logo
Created by: Housui Yamaguchi, calligrapher
Behind the logo design:
Blue ink: A beautiful blue sky
Calligraphic style: Dynamic, linked to action
Symbolism of calligraphy: Japan, domestic production
(1) SAF is a fuel achieving significantly lower CO2 emissions compared to the conventional jet fuel over its life cycle, from production or collection of feedstock (such as biomass, used cooking oil, or exhaust gas) to manufacturing and combustion. Existing infrastructure can be used without modification.
(2) Gasification and FT (Fischer-Tropsch) synthesis technology: a technology whereby solid materials such as wood cellulose are reacted with water vapor and a small amount of oxygen in a gasifier to produce carbon monoxide and hydrogen (gasification), which are then synthesized into liquid hydrocarbons (fuel) in an FT reactor using a catalyst (Fischer-Tropsch Process).
About MHI Group
Mitsubishi Heavy Industries (MHI) Group is one of the world's leading industrial groups, spanning energy, logistics & infrastructure, industrial machinery, aerospace and defense. MHI Group combines cutting-edge technology with deep experience to deliver innovative, integrated solutions that help to realize a carbon neutral world, improve the quality of life and ensure a safer world. For more information, please visit www.mhi.com or follow our insights and stories on spectra.mhi.com.
Copyright 2022 JCN Newswire. All rights reserved. www.jcnnewswire.comMitsubishi Heavy Industries, Ltd. (MHI) is pleased to announce that today it has joined "ACT FOR SKY," a voluntary organization established jointly by JGC Holdings Corporation Co.,Ltd., REVO International Inc.
Hektar REIT 2021 Performance: Weathering the Challenges
 |
 |
For the fourth quarter ended 31 December 2021 ("4Q 2021"), Hektar REIT recorded revenue of RM24.98 million, which is 16.2% lower compared to the same quarter of the preceding year. Property Operating Expenses reduced by RM4.86 million or savings of 27.9% compared to the same quarter in the previous year. Hektar REIT registered net property income of RM12.38 million for the quarter under review, which is a slight increase of 0.2% compared to the corresponding quarter of the previous year, while realised income for 4Q 2021 was 185.5% higher at RM3.21 million compared to the RM1.12 million recorded in 4Q 2020.
The Manager noted that there are signs of recovery supported by the gradual reopening of the economy and it can also be seen in the steady rise in visitor footfall since the relaxation of restrictions by the Government. While Hektar REIT is cognisant of the economy's improved growth trajectory supported by a recovering labour market, continued policy support and expansion in external demand, as well as the possible opening of international borders as early as the second quarter, the REIT is nevertheless retaining its cautious outlook in the face of the current wave of infections stemming from the Omicron strain.
Income Distribution
As earlier announced, Hektar REIT declared an income distribution of RM11.9 million for 4Q 2021, equivalent to 2.53 sen per unit or a DPU yield of 4.96%, which is 181% higher compared to the income distribution for the corresponding period in 2020. The COVID-19 pandemic has impacted the retail industry significantly and the REIT has also not been spared. However, we remain committed to steering our portfolio into recovery this year, barring any unforeseen circumstances despite future Variants of Concern ("VOC") that might disrupt the overall recovery of the retail & economic sector.
Private Placement
During the quarter under review, Hektar REIT's fund size increased to 471,260,178 units from 461,960,178 units arising from the private placement exercise announced on 15 November 2021. A total of 9.30 million units out of the total proposed private placement of 23.098 million units were subsequently placed out in two tranches in December 2021, raising RM4.23 million. The private placement was undertaken to raise funding for working capital and capital work in progress, facilitating Hektar REIT's day-to-day operations as a whole by providing more flexibility in terms of cash flow management.
Sustainability Efforts
Hektar REIT remains committed to fulfill its obligation to ensure that all business activities are performed to high standards of Environmental, Social and Governance (ESG). Various energy utilisation and optimisation initiatives since 2017 have been put in place for all of its shopping malls, resulting in a significant reduction in greenhouse gas emissions (recorded as CO2e) and energy usage over the last five years. Despite the pandemic, reducing the environmental footprint of our assets and operations remain a priority. We managed to reduce the overall amount of CO2e emissions of our assets by about 11.6% to 18.8 million kgCO2e in 2021 from almost 21.3 million kgCO2e in 2020. Emissions intensity of our assets expressed as the amount of CO2e emitted per gross floor area (kgCO2e/sq.ft.) also improved to 4.0 kgCO2e/sq.ft. from 4.50 kgCO2e/sq.ft. in 2020. Overall, the portfolio's Building Energy Intensity ("BEI") is also on a declining trend. Hektar REIT is a constituent member of the FTSE4Good Bursa Malaysia Index and in its latest December 2021 evaluation, its ESG conduct has been recognised with a 3-star ESG rating by FTSE Russell.
For further information, please log on to www.bursamalaysia.com.
Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.comHektar Asset Management Sdn. Bhd., the Manager of Hektar Real Estate Investment Trust ("Hektar REIT"), today announced Hektar REIT's annual results for the financial year ended 31 December 2021 ("FY2021") with revenue at RM96.60 million in FY2021, down by 13.1% compared to the same period in the preceding year.
Latest Intelligence
