Brazil’s innovation ecosystem holds strong on global index amid challenging year for many countries

BRASÍLIA, Brazil, March 8, 2021 /PRNewswire/ — Apex-Brasil, the Brazilian Trade and Investment Promotion Agency, today shared that Brazil was able to maintain its overall rank on the 2021…

BRASÍLIA, Brazil, March 8, 2021 /PRNewswire/ — Apex-Brasil, the Brazilian Trade and Investment Promotion Agency, today shared that Brazil was able to maintain its overall rank on the 2021 Bloomberg Innovation Index during an extraordinary year. For the second year in a row, Brazil sustained a rank of 46th out of the world’s 131 most innovative countries and economies, performing particularly well in certain specialized sectors measured, such as manufacturing and productivity – solidifying the country’s innovation economy at a crucial moment in time.

During a year when innovation was, arguably, more important than ever before, Brazil’s consistency on the Bloomberg Innovation Index is a positive sign for the future. This is underscored by many countries decreasing in their innovation rank over the past year, largely due to business ramifications of the coronavirus pandemic, according to Bloomberg, which uses seven weighted metrics to review dozens of criteria in assembling the Innovation Index. 

«As the results of the Index underscore, Brazil is a country with a resilient innovation economy,» said Roberto Escoto, Manager of Investments Department of Apex-Brasil. «We believe that Brazil’s position on the Index remained steady from last year due to a robust innovation ecosystem, a steep growth in the number of startups, and continued international expansion and investment attraction. Apex-Brasil is proud to support the various initiatives that have helped Brazil continue to share its technologies, solutions, and innovative ideas with the world.»

From 2019 to 2021, the number of unicorn startups in Brazil has grown 157%, from only seven unicorns less than two years ago, to 18 today. Brazil has more than 13,400 startups across its 26 states, and São Paulo is emerging as a startup hub to watch with 4,000 startups – the largest concentration out of all Brazilian states. As a result of this innovation boom, investors from across the globe are looking to Brazil as a source of innovation – and, ultimately, investment. In 2019, which was a record year for venture investment in Latin America, Brazil dominated with 50.5% of the deals, resulting in $2.49 billion invested across 222 transactions, according to the Association for Private Capital Investment in Latin America (LAVCA).

Apex-Brasil has had a crucial role in these efforts, driven by its main investment attraction programs for innovation, which include: 

  • ScaleUp in Brazil: A project dedicated to helping foreign startups setup operations in Brazil. Participants are provided with four weeks of online training, followed by four weeks of being fully immersed in the country, with support in business and strategy mentoring, coordination of meetings with potential investors and clients, and contact with service providers.
  • Corporate Venture in Brasil: An event in São Paulo that has attracted participation from international corporations to learn more about Brazil’s innovation ecosystem. The event entails Brazilian startup and incubator site visits, strategic information about the Brazilian ecosystem, and «matchmaking» meetings between investors and Brazilian startups and funds.
  • TechMakers: A project designed to foster technological partnerships between foreign and Brazilian companies. The selected projects are financed by Embrapii and its relevant counterpart in the international market.
  • ABVCAP: A partnership between Apex-Brasil and the Brazilian Private Equity and Venture Capitalist Association (ABVCAP) to organize investment rounds between international institutional investors and Brazilian fund managers. Since 2010, the partnership has resulted in more than $19 billion (USD) in committed capital to Brazilian funds.
  • StartOut Brasil: A non-profit program, promoted by public and private Brazilian organizations. StartOut Brasil helps immerse Brazilian startups in some of the world’s most promising innovation ecosystems.

To learn more about Apex-Brasil’s investment projects, and how Brazil continues to be a global leader in innovation,  please visit: https://investinbrasil.com.br/en/home. To learn more about Apex-Brasil’s other priorities, please visit: http://www.apexbrasil.com.br/en/home.

About Apex-Brasil
The Brazilian Trade and Investment Promotion Agency (Apex-Brasil) works to promote Brazilian products and services abroad, and to attract foreign investment to strategic sectors of the Brazilian economy.  Apex-Brasil organizes several initiatives aiming to promote Brazilian exports abroad. The Agency’s efforts comprise trade and prospective missions, business rounds, support for the participation of Brazilian companies in major international trade fairs, arrangement of technical visits of foreign buyers and opinion makers to learn about the Brazilian productive structure, and other select activities designed to strengthen the country’s branding abroad. Apex-Brasil also plays a leading role in attracting foreign direct investment (FDI) to Brazil, by working to identify business opportunities, promoting strategic events and lending support to foreign investors willing to allocate resources in Brazil.

Media Contacts
Lilian Leão Alves
Apex-Brasil
lilian.leao@apexbrasil.com.br 
+55 (61) 9 8462 0525

McKenzie Naylor
Ruder Finn – PR on behalf of Apex-Brasil in the U.S.
McKenzie.Naylor@ruderfinn.com 
+1 212-593-6434

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SOURCE Apex-Brasil

Surety One, Inc. CEO Gifts Frequent Flier Miles to Social Good

SAN JUAN, Puerto Rico, March 8, 2021 /PRNewswire/ — The Chief Executive Officer of Surety One, Inc., Constantin Poindexter has this week transferred one quarter of one million frequent flier miles to the «AA Miles for Social Good» program. The benefit of the mileage package is spread among the program facilitator’s preferred charities which support humanitarian efforts, feeding the hungry and disaster response.

Said Poindexter, «I made this donation as part of…

SAN JUAN, Puerto Rico, March 8, 2021 /PRNewswire/ — The Chief Executive Officer of Surety One, Inc., Constantin Poindexter has this week transferred one quarter of one million frequent flier miles to the «AA Miles for Social Good» program. The benefit of the mileage package is spread among the program facilitator’s preferred charities which support humanitarian efforts, feeding the hungry and disaster response.

Said Poindexter, «I made this donation as part of my ongoing efforts to support organizations that contribute to the eradication of hunger, alleviate suffering due to poverty and promote the health of children. Financial contributions are the standard but I am always pondering novel ways to meet the specific needs of the more vulnerable members of my communities. These people need resources far more than I need a handful of flight upgrades.»

The American Airlines Social Good program reserves all rights to the disbursement of mileage gifts however there are three organizations that enjoy partner agreements with the social good project. Per AA, «The Red Cross prevents and relieves suffering through disaster relief, health services and blood donations. Feeding America is a nationwide network of 200 food banks and 60,000 food pantries and meal programs that provides food and services to those in need. UNICEF’s Change for Good program raises funds to benefit children around the world.»

Says Poindexter, «In my youth I was taught that ‘faith may be lost in sight, hope ends in fruition, but charity extends beyond the grave.’ I make a regular effort to incorporate this ideal in my daily life and remember that there are so many that don’t enjoy the many blessings that I do.»

Surety One, Inc. is an international insurance intermediary domiciled in Puerto Rico, licensed nationwide, in the U.S. Virgin Islands and the Dominican Republic.  For more information call (800) 373-2804 or email 304649@email4pr.com.

Website:  https://SuretyOne.com

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SOURCE Surety One, Inc.

Bilingual Children’s Book First of its Kind

NEW YORK, March 8, 2021 /PRNewswire/ — Some of them are well known and iconic, and others are lesser known, but all of the women highlighted in Little Giants: 10 Hispanic Women Who Made History fought for the rights of those who had no voice.

Author Raynelda A. Calderon, a native of the Dominican Republic, works as a public librarian. In the introduction to the book, Ms. Calderon describes her attempts to find a children’s…

NEW YORK, March 8, 2021 /PRNewswire/ — Some of them are well known and iconic, and others are lesser known, but all of the women highlighted in Little Giants: 10 Hispanic Women Who Made History fought for the rights of those who had no voice.

Author Raynelda A. Calderon, a native of the Dominican Republic, works as a public librarian. In the introduction to the book, Ms. Calderon describes her attempts to find a children’s anthology about the lives of notable Hispanic women who impacted Latin America. In finding nothing of the sort, she decided to take on the project of writing one herself.

Her desire for such a book to exist is twofold: firstly, to tell the largely untold stories of Latin American women without whom, she says in the book’s introduction, Latin America would not be the free and rich continent it is today; secondly, to inspire young readers to follow their passions and to never take «no» for an answer. The author describes Little Giants aim: «to motivate and inspire our children today to accomplish great things tomorrow, based on the example of role models of past and present.»

Included in this anthology are the stories of Cuban native Alicia Alonso, who beat the odds and overcame barriers to become a world-famous ballerina; Dolores Cacuango, an indigenous native of Ecuador who fought against the injustice and mistreatment of her people; and Elvia Carrillo Puerto, who secured women’s right to vote in Mexico. Little Giants also teaches children key Spanish definitions and suggested activities. Written for children aged eight to twelve, this book includes beautiful illustrations that help bring these inspiring women to life.

The book is available in hardcover and paperback. For more information you can visit www.cayenapress.org.

Media Contact:
Fatima Castillo
(347) 316-8757
304592@email4pr.com 

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SOURCE Raynelda A. Calderon

Flux Mopeds Launches the Street Pilot Program to Promote Sustainable Short Distance Travel

MADISON, Wis., March 8, 2021 /PRNewswire/ — Flux Mopeds is pleased to announce the launch of the Flux EM1 Street Pilot Program, another step towards making small electric vehicle transport more accessible to communities throughout the United States. The Street Pilot Program is a premiere referral program meant to build a network of like-minded individuals who want easy-to-use, sustainable transportation in their local neighborhood. Read the company’s latest blog post…

MADISON, Wis., March 8, 2021 /PRNewswire/ — Flux Mopeds is pleased to announce the launch of the Flux EM1 Street Pilot Program, another step towards making small electric vehicle transport more accessible to communities throughout the United States. The Street Pilot Program is a premiere referral program meant to build a network of like-minded individuals who want easy-to-use, sustainable transportation in their local neighborhood. Read the company’s latest blog post which details how Flux Mopeds determined that promoting the value of short distance transportation needs to come from within local communities here: https://www.fluxmopeds.com/standpoint/2021/3/1/why-we-developed-the-flux-em1-to-be-your-local-ride

Flux Mopeds produces small electric vehicles for short distance transportation. The Flux EM1 is the brands flagship product, an electric moped designed to be Your Local Ride™. Its benefits include:

  • Easy to ride, park and haul
  • Low-maintenance and compact
  • Fun performance
  • Simplifies local short distance travel

After a lifetime of driving SUVs, Flux Mopeds co-founder and CEO Matt Brueggeman discovered the benefits of small electric vehicles while traveling abroad. He and his co-founders launched Flux Mopeds to provide people in the United States with an alternative transportation option.

«We believe that it doesn’t make sense to drive a 4,000-pound vehicle a mile to get a quart of milk. There is a better way. After 12 years of development, we’ve produced a reliable small electric vehicle that promotes independent, sustainable communities. The Flux EM1 offers the perfect balance of range, charge time, and speed for short distance transportation. To reach local audiences, we need to think locally. Thats why we want to find like-minded individuals in neighborhoods nationwide who share our passion for a more sustainable and convenient society – and want to share that passion with their friends, family, neighbors, and coworkers.»

The Street Pilot Program marks a new milestone towards raising awareness about the advantages of Your Local Ride™ and making the Flux EM1 more accessible for all Americans. Individuals who join the referral program get $100 for each successful sales referral they make. Street Pilots work with Flux Mopeds to develop grassroots marketing efforts in their local communities. Flux Mopeds is targeting a diversity of locations across the country and seeking Street Pilots nationwide.

About Flux Mopeds
Flux Mopeds officially launched in 2014 with the goal of making short distance transportation in local communities more convenient and sustainable. The result is the Flux EM1, an electric moped that tops out at 38 mph and gets up to 50 miles per charge. The Flux EM1 is the ideal solution for Your Local Ride™. Flux Mopeds manufactures each product to order, which allows the company to retain its competitive pricing and independence. The company caters to clients across the United States, with a flagship dealership located in Madison, Wisconsin.

Contact:  Matt Brueggeman
Phone: 608-620-3589
Website: www.fluxmopeds.com 
Email: 304627@email4pr.com

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SOURCE Flux Mopeds

Bloomberg’s BSBY Short-Term Credit Sensitive Index Now Available for U.S. Loan Market

NEW YORK, March 8, 2021 /PRNewswire/ — Bloomberg today announced that the Bloomberg Short-Term Bank Yield Index (BSBY) is now available for use as a reference in financial benchmarks in the U.S. loan market.  BSBY includes both a term structure and systemic credit-sensitive spread, which may be used to support the market’s transition from LIBOR to risk-free rates, such as SOFR.  Bloomberg began publishing BSBY on an indicative basis for the purposes of illustration, analysis and collection of…

NEW YORK, March 8, 2021 /PRNewswire/ — Bloomberg today announced that the Bloomberg Short-Term Bank Yield Index (BSBY) is now available for use as a reference in financial benchmarks in the U.S. loan market.  BSBY includes both a term structure and systemic credit-sensitive spread, which may be used to support the market’s transition from LIBOR to risk-free rates, such as SOFR.  Bloomberg began publishing BSBY on an indicative basis for the purposes of illustration, analysis and collection of market feedback on October 15, 2020.

Over the six-month period during which BSBY was published on an indicative basis, Bloomberg received positive feedback on the sensitivity of the rate and robustness of the methodology from market participants, indicating that BSBY meets their needs as an alternative replacement rate.

«Now that BSBY is available for use in the U.S. loan market, we will continue exploring the introduction of products that may use BSBY as a benchmark,» said Steve Berkley, CEO of Bloomberg Index Services Limited (BISL). «We’re encouraged by the responses we’ve received from finanical institutions and corporations on this approach; in particular, that the availability of BSBY’s credit-sensitive rate is an important milestone in helping them move away from LIBOR and meet regulatory timelines.»

BSBY is available as a standalone rate and can also be used as a supplement to Term SOFR.  In addition to BSBY, Bloomberg provides an array of tools and complementary offerings to help market participants transition away from legacy IBORs, including calculating and publishing term and spread adjustments for the fallbacks that ISDA intends to implement for certain IBORs. 

«There is strong demand for a rate that has a term structure and credit component,» commented Peter Tchir, Head of Macro Strategies at Academy Securities. «BSBY is a big step toward incorporating traded rates across a variety of bank issuers to establish a realistic benchmark for transactions; the design fixes a lot of issues and makes it a compelling  alternative as clients prepare for LIBOR transition .»

BSBY will be calculated daily and published at 8 AM ET, using the prior day’s transaction data, on a T+1 basis.  The index can be accessed via the Bloomberg Terminal, and will be posted publicly on Bloomberg.com on a delayed basis.  The index is available for 5 tenors: overnight {BSBYON Index }, 1-month {BSBY1M Index }, 3-months {BSBY3M Index }, 6-months {BSBY6M Index } and 12-months {BSBY12M Index }.  Additional detail on the BSBY methodology can be accessed here.

Bloomberg is licensing BSBY for use as a financial benchmark via Bloomberg Index Services Limited (BISL), Bloomberg’s authorized benchmark administrator. In addition to BSBY, BISL administers the Bloomberg Barclays flagship family of fixed income indices, the Bloomberg Commodity Index (BCOM), and Bloomberg’s Global Equity Index family. BISL provides robust governance and oversight over its benchmark offerings, which will soon include a dedicated oversight function for BSBY composed of a balanced set of market stakeholders.

BSBY’s transaction-based inputs, robust construction and resilient methodology are designed to meet the high standards of both the BMR and the IOSCO principles for financial benchmarks (IOSCO Principles).  An independent assurance report for BSBY’s alignment with the IOSCO Principles will be made available when complete, and BSBY will soon be made available for licensing in additional jurisdictions, including the U.K. and the EU.  More information on BSBY licensing is available here.

About Bloomberg
Bloomberg, the global business and financial information and news leader, gives influential decision makers a critical edge by connecting them to a dynamic network of information, people and ideas. The company’s strength – delivering data, news and analytics through innovative technology, quickly and accurately – is at the core of the Bloomberg Terminal. Bloomberg’s enterprise solutions build on the company’s core strength: leveraging technology to allow customers to access, integrate, distribute and manage data and information across organizations more efficiently and effectively. For more information, visit Bloomberg.com/company or request a demo.

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SOURCE Bloomberg

Genie Energy Estimates Preliminary Impact of Winter Storm Uri in Texas

NEWARK, N.J., March 8, 2021 /PRNewswire/ — Genie Energy (NYSE: GNE, GNEPRA) today provided additional information on the financial impact to the company of Winter Storm Uri, which disrupted the Texas electricity market in mid-February 2021. 

NEWARK, N.J., March 8, 2021 /PRNewswire/ — Genie Energy (NYSE: GNE, GNEPRA) today provided additional information on the financial impact to the company of Winter Storm Uri, which disrupted the Texas electricity market in mid-February 2021. 

The unprecedented severity of the storm triggered an exceptional increase in electricity demand.  As a result, wholesale prices in the Electric Reliability Council of Texas («ERCOT») service area reached or exceeded maximum allowed clearing prices for sustained periods.

Because complete supply costs are not yet available, Genie Energy is not yet able to fully quantify the financial impact of Winter Storm Uri.  However, invoices received to date as well as other costs incurred place the loss from the situation in the first quarter of 2021 at approximately $12.5 million.  The final amount of the losses is still unknown. 

The company plans to provide updates when it announces fourth quarter 2020 results on March 11th and when it gains access to complete price and volume settlement data from its supplier.  Moreover, the results of formal disputes regarding pricing and volume settlement and corrective actions that Genie and other market participants are seeking from the State of Texas, ERCOT, the Public Utility Commission of Texas, and other regulatory agencies of jurisdiction may impact the final cost. 

The company serves approximately 10,000 electricity meters in ERCOT’s service territory comprising approximately 21,000 residential customer equivalents, or approximately 5% of its global customer base. 

Despite the evolving impact of the Winter Storm Uri in Texas, Genie Energy has consistently maintained, and continues to maintain, sufficient liquidity to conduct its operations in the ordinary course of business and management remains confident that the company has the resources to address the ultimate impacts from this extraordinary event.

In this press release, all statements that are not purely about historical facts, including, but not limited to, those in which we use the words «believe,» «anticipate,» «expect,» «plan,» «intend,» «estimate, «target» and similar expressions, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.  While these forward-looking statements represent our current judgment of what may happen in the future, actual results may differ materially from the results expressed or implied by these statements due to numerous important factors, including, but not limited to, those described in our most recent report on SEC Form 10-K (under the headings «Risk Factors» and «Management’s Discussion and Analysis of Financial Condition and Results of Operations»), which may be revised or supplemented in subsequent reports on SEC Forms 10-Q and 8-K.  We are under no obligation, and expressly disclaim any obligation, to update the forward-looking statements in this press release, whether as a result of new information, future events or otherwise.

ABOUT GENIE ENERGY LTD:
Genie Energy Ltd. (NYSE: GNE, GNEPRA), is a global provider of energy services.  The Genie Retail Energy division supplies electricity, including electricity from renewable resources, and natural gas to residential and small business customers in the United States. The Genie Retail Energy International division supplies customers in Europe and Asia.  The Genie Energy Services division includes Diversegy, a commercial and industrial brokerage and consultative services company, and Genie Solar Energy and Prism Solar, which design, supply and install commercial solar solutions. For more information, visit Genie.com.

 

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SOURCE Genie Energy Ltd.

Rising Demand for Environment-friendly Packaging Solutions spells Growth in Stone Paper Market, Market projected to surpass Valuation of US$ 1.3 bn by 2030: TMR

ALBANY, N.Y., March 8, 2021 /PRNewswire/ — Coronavirus outbreak has put businesses, communities, and consumers through economic woes, which has resulted in paper and packaging companies experiencing volatility in the market. The current period of financial turmoil is expected to reduce customer appetite for products, potentially disrupting the revenue and production in the global stone paper market. As a result, paper manufacturers should review their short- and long-term growth projections,…

ALBANY, N.Y., March 8, 2021 /PRNewswire/ — Coronavirus outbreak has put businesses, communities, and consumers through economic woes, which has resulted in paper and packaging companies experiencing volatility in the market. The current period of financial turmoil is expected to reduce customer appetite for products, potentially disrupting the revenue and production in the global stone paper market. As a result, paper manufacturers should review their short- and long-term growth projections, as well as their assumptions, in order to weather business uncertainty.

Transparency_Market_Research_Logo.

Numerous factors influence the global stone paper market, including the surge in demand for the preventive measures of deforestation and environment friendly items in the packaging industry. Moreover, the global stone paper market is anticipated to grow rapidly in the near future due to a number of advantages associated with stone paper. In the forecast timeframe, rising demand from various key application sectors like self-adhesive paper, labelling, and packaging is observed to have a significant impact on overall growth opportunities for the market.

Investing more in research and development activities to create sophisticated production technologies utilizing calcium carbonate and other similar organic compounds is anticipated to be an important driver of market growth. In addition to that, increasing concerns about deforestation, as well as supportive rules encouraging the use of an alternative to traditional paper, are expected to drive up demand for the product.

Request for Covid-19 Impact Analysis on Stone Paper Market: https://www.transparencymarketresearch.com/Covid19.php

The global stone paper market is foreseen to develop at a growth rate of 6% CAGR over the forecast timeframe, from 2020 to 2030. Numerous factors may influence the global stone paper market, including the rise in demand for environment friendly items in the packaging industry and measures to prevent deforestation. In addition to that, the market is expected to grow rapidly in the near future due to several advantages linked with stone paper.

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Key Findings of Market Report

  • Demand for Environment Friendly Products to Boost Market Growth

As a result of the adverse effects of climate change, green products have become increasingly common in stone paper companies. Taiwan-based Lung Meng Advanced Composite Materials Co., for example, has invested US$ 49.8 Mn in research and development activities to come up with green products such as shopping bags, notebooks, and cups. Stone paper manufacturers are attempting to follow environmentally friendly practises. To fight climate change, they are supporting the development of high-performance environment friendly items. As a result, waste marble is ground into a fine powder, which is then formed into pellets and then it is stretched and cut constantly. Stone paper products are presenting a significant threat to the sale of pulp-based products. These products are also attracting the attention of stakeholders in the decoration, marketing, and packaging industries owing to their low cost of production. All these factors are likely to boost growth of the global stone paper market in the years to come.

  • Multiple Benefits of Stone Paper to Accelerate its Adoption in Packaging Industry

Stone paper is readily accepted by the expanding flexible packaging industry in FMCG and food and beverage packaging applications. Food producers choose stone paper because of its long-term sustainability and aesthetic qualities. To diversify their revenue sources, stone paper manufacturers are widening their supply chains so as to include side gussets, stand-up pouches, and heavy-duty containers. Stone paper’s sustainable and environmental friendly qualities aid in lessening manufacturing waste whilst also improving consumer satisfaction. Stone paper box pouches with digital printing are being utilized to help brands achieve market exposure. Such multiple uses are likely to work in favor of the global stone paper market over the analysis timeline, from 2020 to 2030.

View Detailed Table of Contents at https://www.transparencymarketresearch.com/report-toc/77762

Stone Paper Market: Growth Drivers

  • Stone paper is mostly made up of recycled materials with a polyethylene binder. As such, it is a substance that is less harmful to the environment. Stone paper also comes with several other advantages, including high durability and resistance to flame.
  • Stone paper is gaining rapid traction in paper and packaging applications owing to its special formulation, which provides outstanding oil resistance, water resistance, and tear resistance.
  • In Europe, increased political pressure and rising customer consciousness about environment friendly good and services have resulted in the substitution of single-use plastic-based items with paper-based alternatives.

Global Stone Paper Market: Key Competitors

  • Sphera International, Inc.
  • Shenzhen Stone Paper New Materials Co., Ltd
  • Taiwan Lung Meng Advanced Composite Materials Co., Ltd.
  • Pishgaman Sanat Sabz
  • TBM Co., Ltd

Global Stone Paper Market: Segmentation

Application

  • Packaging and Decoration
  • Industrial
  • Printing
  • Marketing and Advertising

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GIST Researchers Find «Best Case» Goals for Climate Warming Could Still Result in Massive Wildfire Risk

GWANGJU, South Korea, March 8, 2021 /PRNewswire/ — The landmark 2015 Paris Agreement resulted in multiple studies examining the impact of global temperature increases, but these rarely investigate the effect of warming on «fire weather» conditions. Now, in a new study, scientists have found that by projecting two different types of fire weather conditions, an additional half-degree of warming could drastically increase the likelihood and significance of blazes worldwide.

Under the 2015 Paris…

GWANGJU, South Korea, March 8, 2021 /PRNewswire/ — The landmark 2015 Paris Agreement resulted in multiple studies examining the impact of global temperature increases, but these rarely investigate the effect of warming on «fire weather» conditions. Now, in a new study, scientists have found that by projecting two different types of fire weather conditions, an additional half-degree of warming could drastically increase the likelihood and significance of blazes worldwide.

Under the 2015 Paris Agreement, the United Nations Framework Convention on Climate Change agreed to pursue efforts to limit the temperature increase to 2.0°C and, ideally, to 1.5°C, over preindustrial levels. However, even before that treaty was signed, scientists had already warned that those «best case» targets were unlikely to be achievable. Consequently, many fire weather studies are built with models that simulate much higher levels of climate warming.

Recently, researchers from South Korea, Japan, and the United States have found that by projecting the fire weather conditions under two mildly varying warming levels — one in which the global climate warms by 1.5℃ and the other by 2℃ — even just a half-degree of warming could significantly increase the likelihood and significance of wildfires.

«When it comes to the conditions that make wildfires more likely, a little bit of warming goes a long way,» explained lead author Rackhun Son, Ph.D. candidate at Gwangju Institute of Science and Technology (GIST), Korea, «but, of course, this is troubling, because it is quite unlikely that we will only be experiencing a little bit of warming.«

«Although it is reasonable to look at fire weather under more extreme circumstances, there is little sense in making goals without a good understanding of what might happen if you were to reach those goals,» said co-author Seung-Hee Kim of Chapman University, «so, we asked ‘what would happen if we did reach these goals? Would the fire weather conditions not become as severe?‘»

That answer is complex, but this study’s key finding is that just a half a degree of additional warming would likely create a notably greater danger of fire on the most widely inhabited continents, with dangers particularly concentrated in the Amazon rainforest and African savanna, and around the Mediterranean. «We also provided evidence that places like Australia and Indonesia are likely to reach peak levels of fire susceptibility even before we reach that lower threshold,» said co-author Simon Wang of Utah State University.

The study does provide a silver lining of hope to this cloud of danger. Commenting on the implications of their findings, Dr. Wang comments, «If we were somehow able to suppress this extra half a degree of warming, we could reduce climate-driven extreme fire activities in many places, potentially saving many lives and billions of dollars.»

Their research has been published in the journal Environmental Research Letters.

Reference
Title of original paper: Changes in fire weather climatology under 1.5°C and 2.0°C warming
Journal: Environmental Research Letters
DOI: 10.1088/1748-9326/abe675

About Gwangju Institute of Science and Technology (GIST)
Website: http://www.gist.ac.kr/

About the author

Jinho Yoon is Associate Professor of Earth Sciences and Environmental Engineering at GIST. His group focuses on understanding and predicting weather-climate extremes under climate change. Prof. Yoon’s group is also analyzing aerosol-cloud-precipitation interactions to understand the distribution and characteristics of clouds. Before coming to GIST, he was a scientist (level 3) at Pacific Northwest National Laboratory. In 2004, Prof. Yoon received a PhD in Atmospheric Sciences from Iowa State University.

Contact:
Nayeong Lee
82 62 715 2114
304637@email4pr.com

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SOURCE Gwangju Institute of Science and Technology

Solar Farm Market to Reach $261.0 Bn, Globally, by 2027 at 19.8% CAGR: Allied Market Research

PORTLAND, Ore., March 8, 2021 /PRNewswire/ — Allied Market Research published a report, titled, «Solar Farm Market by Type (Utility-scale, Distributed Generation, Microgrids, and Others) and End User Industry (Residential, Commercial, and Industrial): Global Opportunity Analysis and Industry Forecast, 2020–2027.» According to the report, the global solar farm industry generated $61.4 billion in 2019, and is estimated to generate $261.0…

PORTLAND, Ore., March 8, 2021 /PRNewswire/ — Allied Market Research published a report, titled, «Solar Farm Market by Type (Utility-scale, Distributed Generation, Microgrids, and Others) and End User Industry (Residential, Commercial, and Industrial): Global Opportunity Analysis and Industry Forecast, 2020–2027.» According to the report, the global solar farm industry generated $61.4 billion in 2019, and is estimated to generate $261.0 billion by 2027, witnessing a CAGR of 19.8% from 2020 to 2027.

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Prime determinants of growth

Supportive government regulations for usage of photovoltaic technology drive the global solar farm market. However, high cost associated with installation hinders the market growth. Contrarily, increase in demand for renewable energy presents new opportunities in the coming years.

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Covid-19 Scenario

  • Manufacturing activities for solar farms have been stopped due to the lockdown imposed in many countries. In addition, raw material shortage has occurred.
  • China is the major supplier of solar panels across the world and the stoppage of production activity in the country impacted the global market, especially the U.S and South-East Asia.
  • Owing to economic uncertainty caused because of prolonged pandemic, some solar farm projects have been postponed or canceled.

The utility-scale segment to maintain its lead position throughout the forecast period

Based on type, the utility-scale segment contributed to around half of the global solar farm market in 2019, and is expected to maintain its lead position throughout the forecast period. This is due to surge in investments in grid expansion and integration technologies such as storage and UV connectivity. However, the distributed generation segment is projected to witness the highest CAGR of 20.3% from 2020 to 2027.

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The commercial segment to maintain its leadership status by 2027

Based on end-use industry, the commercial segment held the highest market share in 2019, accounting for around three-fifths of the global solar power plant market in 2019, and is expected to maintain its leadership status by 2027. Moreover, this segment is projected to portray the fastest CAGR of 20.3% from 2020 to 2027. This is due to increase in economies around the world, rise in urbanization, and adoption of solar energy by commercial buildings such as offices, malls, airports, and others to decrease the carbon footprint. The research also analyzes the industrial segment.

Asia-Pacific, followed by North America, to maintain its dominant position by 2027

Based on region, Asia-Pacific, followed by North America, accounted for the largest market share in 2019, contributing to more than two-thirds of the global solar farm market, and is expected to maintain its dominant position in terms of revenue by 2027. This is due to increase in government initiatives that raise the demand for PV energy and distribution of solar lighting systems in rural areas. However, Europe is expected to grow at the fastest CAGR of 21.1% from 2020 to 2027, owing to rise in production of solar energy, increase in construction activities that led to installation of BIPV systems to generate electricity, and implementation of stringent environmental regulations to reduce carbon emission.

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Leading market players

  • Trina Solar
  • Sharp Corporation
  • TATA Power Solar Systems Ltd.
  • First Solar, Inc.
  • BrightSource Energy, Inc.
  • Shenzhen Topray Solar Co. Ltd.
  • JA Solar Holdings Co. Ltd.

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SOURCE Allied Market Research

AgTech Leader Netafim to Acquire Dutch Greenhouse Company Gakon Horticultural Projects to Meet Growing Demand for Local Food Production in All Climates

TEL AVIV, Israel, March 8, 2021 /PRNewswire/ — Netafim, the global leader of precision irrigation solutions and agricultural projects, today announced that it has signed a definitive agreement to acquire Dutch turnkey greenhouse projects provider Gakon.

Netafim has been active for several decades in the greenhouse market and is now expanding its offering in the production and supply of top-tier greenhouse projects to meet…

TEL AVIV, Israel, March 8, 2021 /PRNewswire/ — Netafim, the global leader of precision irrigation solutions and agricultural projects, today announced that it has signed a definitive agreement to acquire Dutch turnkey greenhouse projects provider Gakon.

Netafim has been active for several decades in the greenhouse market and is now expanding its offering in the production and supply of top-tier greenhouse projects to meet the increasing demand for the most advanced farming methods. Driven by growing populations, the call for sustainable agriculture and increasing concern over food security there has been a surge of interest in locally grown fresh produce. Netafim will provide growers with a comprehensive offering of the best greenhouse technologies, structures, irrigation, fertigation, and crop growing expertise as well as other ag related services to enable farmers to maximize productivity and efficiency in all climate conditions.

The acquisition is synergetic, combining Netafim’s global presence and expertise in precision agriculture and Gakon’s advanced greenhouse technology.

With 56 years of agricultural project experience and array of advanced irrigation technologies utilized in 80% of the world’s professional high-end greenhouses, Netafim is well-established as a leading player in global agriculture technology. Gakon brings unique expertise in all aspects of greenhouse project execution, glasshouse manufacturing capabilities, and a proven track record in key markets. The expanded offering leverages Netafim’s capacity as a holistic destination for the increasing numbers of growers of year-round crops and farm-to-table local produce.

«Greenhouse projects were already a strategic priority for Netafim, with Covid-19 further validating the importance of food security and a local fresh supply. We are delighted to join forces with Gakon to enhance our in-house greenhouse related capabilities, including production, and provide local farmers and growers across the world with greenhouse solutions and services that will support both farmers and local food security,» said Gabriel (Gaby) Miodownik, Netafim CEO.

«Teaming up with Netafim unlocks a world of opportunities for us,» said Pieter van Berchum, Director of Gakon. «We are excited to be able to apply our deep knowledge and skills of greenhouse horticulture to new markets and be part of a group that is set to drive forward sustainable and profitable crop production.»

About Netafim
Netafim is the world’s largest irrigation company and the global leader in precision irrigation solutions committed to fighting scarcity of food, water, and land, for a sustainable future. With 33 subsidiaries and 17 manufacturing plants worldwide, Netafim offers innovative, tailor-made irrigation and fertigation solutions to millions of farmers from smallholders to large-scale agricultural producers, in over 110 countries.

Founded in 1965, Netafim pioneered the drip revolution, creating a paradigm shift toward precision irrigation. Today, the company specializes in end-to-end solutions from the water source to the root zone, and offers a variety of irrigation, open field and greenhouse projects, as well as landscaping and mining solutions supported by engineering, project management and financing services. Netafim also leads the way in digital farming, having integrated real-time monitoring, analysis, and automated control into one state-of-the-art system.

In 2017, Orbia acquired 80% of Netafim, while Kibbutz Hatzerim holds the remaining 20%. Netafim is part of the Orbia community of companies, working together to tackle some of the world’s most complex challenges.

About Gakon
Gakon Horticultural Projects is one of the leading companies in the world for producing, supplying, building, and servicing high quality turnkey horticultural projects. With 70 years of experience, Gakon has been managing projects from ideation to completion. In their headquarters with integrated production based in Westland, Netherlands, Gakon produces their own greenhouses.

See how Netafim’s solutions are changing the economics of agriculture and helping the world Grow More with Less™ at www.netafim.com.

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SOURCE Netafim