​Denmark picks Möger Pedersen to head financial sector’s climate efforts

first_imgHe told IPE: “We will be a very important partnership for the 13 partnerships overall, and we expect to have a very close dialogue with the other partnerships in order to avoid silo thinking.”What financial institutions can do within their own businesses to limit greenhouse gas emissions is relatively small, he said, involving greening the power in their data centres, for example. Their main role will be, he said, in putting together finance and funding for the complete programmes developed by the other partnerships.“Our primary task will be to consider such questions as how can we support a programme for energy efficiency in existing buildings, how can we help shipping industries in their efforts to move to electrofuels, how we can help farm products move onto a more sustainable path, and how can we create more green infrastructure such as wind farms,” he said.The work of the finance climate partnership will be coordinated by the industry associations Insurance & Pension Denmark (IPD), Finance Denmark, the Ministry of Business Affairs and the Ministry of Climate and Energy.“We have a hard deadline of the end of February by which time we are expected to have published our first roadmap with concrete proposals, and in September or October we will have to deliver the final report and action plan,” said Möger Pedersen.PensionDanmark is very honoured to have been asked to chair the finance partnership, he added.“It reflects the fact that we have been in many ways a first mover when it comes to developing sustainable investments,” he said, citing the pension fund’s programme for developing sustainable real estate and its infrastructure investment in renewable energy such as wind farms.Danish pension funds already have a good starting point in this climate-orientated work, he said, as they are heavily engaged in the agenda.The country’s major pension funds made a very strong climate commitment in September at the 2019 United Nations Climate Summit in New York, he said, where they pledged alongside the government to invest an extra DKK350bn (€46.8bn) before 2030 to support the green transition.“It will be real estate, infrastructure, and also though the exercise of active ownership that Danish pension funds will play a role in climate change mitigation,” he said. Torben Möger Pedersen, the chief executive officer of PensionDanmark, has been tasked with chairing one of 13 new climate partnerships the Social Democrat-led Danish government has set up to achieve its ambitious new climate target.The government of Prime Minister Mette Frederiksen, who took office at the end of June,  has set a goal of reducing greenhouse gas emissions in Denmark by 70% in relation to 1990 levels by 2030.Frederiksen unveiled the climate partnerships and their chairs last week. The partnerships represent all branches of Danish business and are to define how each sector can reduce greenhouse gas emissions, and propose concrete solutions.Möger Pedersen has been appointed chair of the finance partnership.last_img read more

Cargo Throughput Declines at Port of Hamburg

first_imgGermany’s Port of Hamburg saw a 7.5 percent decline in its total throughput during the first quarter of this year. Total throughput dropped to 32.7 million tons in Q1 2018 from 35.4 million tons recorded in the corresponding period a year earlier.As explained, this year’s Q1 throughput was notable for a rise in conventional general cargoes, a lower figure of bulk cargoes, a stable trend in container handling and distinct growth on container transport services by rail.General cargo throughput stood at 22.7 million tons in Q1 2018, a decrease of 1.8 percent year over year. In addition, bulk cargo throughput was 10 million tons, down 18.2 percent year over year.Conventional general cargo throughput rose by 14.3 percent to 370,000 tons in the first quarter of 2018, maintaining the upward trend started in the fourth quarter of 2017.Container handling in the first quarter of 2018 remained stable at 2.2 million TEU — down by 1.9 percent than in the comparable period of the previous year.The first-quarter trend for total seaborne container throughput of loaded boxes in Hamburg was once again positive and stood at 1.9 million TEU — up by 0.7 percent.By contrast, handling of empty boxes was again lower. The first-quarter throughput of these in Hamburg totaled 252,000 TEU, a downturn of 18 percent.“A glance at handling trends for first-quarter handling of loaded and empty containers indicates that on the one hand, the Port of Hamburg still continues to gain cargoes, but on the other has to accept a sharp drop in the volume of empty containers. Against the background of the not yet implemented adjustment of the fairway of the Lower and Outer Elbe, shipowners are primarily using their slot capacities on ULCVs calling at Hamburg for loaded boxes,” Axel Mattern, Joint CEO of Port of Hamburg Marketing, said.On the main sea trade routes, Hamburg’s container services with North America East Coast, Eastern Europe (Baltic) and India/Pakistan are still subject to downturns, according to the port. Among the trades where container services performed distinctly better than in the first three months of the previous year were East Asia (North), South America East Coast, North America West Coast, and North East & West Africa.“China is by a wide margin the Port of Hamburg’s most important trading partner. We can report a distinct advance of 4.5 percent in container traffic with the Peoples’ Republic. Substantial growth also occurred on container services with Brazil (up 37.7 percent), Sweden (up 38.5 percent) and Israel (up 63.8 percent). New or expanded liner services between Hamburg and these countries are one reason for the positive trend,” Ingo Egloff, Joint CEO of Port of Hamburg Marketing, explained.last_img read more

Kenneth Mounts – Sunman

first_imgKenneth Virgil Mounts, 82, of Milan died at Our Hospice of South Central of Indiana in Columbus on Friday, August 28, 2020.Kenneth was born in Kanawha County, West Virginia to William and Rachel Johnston Mounts. After graduating from high school, he served his country in the U.S. Army. Kenneth was employed as a collator operator. He was a member of the VFW. Kenneth loved fishing, hunting, skeet shooting, gardening and taking family vacations.Kenneth is survived by his children: Roger Mounts and Carina of Florida, Linda Stall and Donald of Sunman, Virgil Mounts of Milan, and Norman Mounts and Clara of Aurora; eleven grandchildren; fifteen great-grandchildren with one on the way; and several nieces and nephews. Kenneth was preceded in death by his parents; his wife Dorothy; children: Ronald and Brenda and thirteen siblings.Funeral services will be conducted at 11:00 a.m. on Friday, September 4, 2020, at Cook Rosenberger Funeral Home 107 Vine Street~ Sunman. Burial will follow in the Washington Baptist Church Cemetery in Elrod with Military Graveside Rites. Friends may visit at the funeral home from 10:00 a.m. until the time of service.Due to the COVID-19 precautions and state mandates, all attending will be asked to follow proper social distancing protocol, including wearing a mask. If you are not feeling well, or if you have compromised immune system, you are encouraged to stay home.For more information, or to send condolences, memories or to sign online guest book go to www.cookrosenberger.com. The staff of Cooks Rosenberger Funeral Home is honored to serve Kenneth’s family.last_img read more

Exodus Theory Inherits the Wind

first_imgAn old theory that the Exodus story occurred because of natural winds has surfaced again.  It seeks to provide a purely natural explanation for what the Old Testament records as a miracle.    Two atmospheric scientists from Boulder, Colorado, Carl Drews and Weiqing Han, referenced a theory by Doron Nof (see his website) that briefly made a splash in 1992 on TV with model demonstrations of high winds blowing back the waters off a submerged sandbar.  Some believers tended to think this might give a plausible explanation for the Exodus story, while unbelievers tended to discount the Exodus story as elaboration of a natural phenomenon.  Drews and Han drew from Nof’s idea, which was elaborated on by Russian scientists Naum Voltzinger and Alexei Androsov, with new models and experiments: “A suite of model experiments are performed to demonstrate a new hydrodynamic mechanism that can cause an angular body of water to divide under wind stress, and to test the behavior of our study location and reconstructed topography.”  They also pointed to a new site for the crossing on the western Sinai Peninsula rather than the Gulf of Aqaba.  Between the Lake of Tanis and the Nile, they calculated, a land passage 5 km wide might have opened up for 4-7 hours under winds of 28-33 m/s (62-74 mph), but they admitted, “these stronger winds may render walking too difficult for a mixed group of people.”  Their theory was published in PLoS One.1    As to whether this provides a plausible natural explanation for the Red Sea crossing, Drews and Han were restrained in their paper: “Wind setdown is the drop in water level caused by wind stress acting on the surface of a body of water for an extended period of time.  As the wind blows, water recedes from the upwind shore and exposes terrain that was formerly underwater.  Previous researchers have suggested wind setdown as a possible hydrodynamic explanation for Moses crossing the Red Sea, as described in Exodus 14.”2  But in the popular press, they drew the connection more directly.  Drews was quoted in Live Science saying, “People have always been fascinated by this Exodus story, wondering if it comes from historical facts.  What this study shows is that the description of the waters parting indeed has a basis in physical laws.”  Similar, in Science Daily, the subtext was that the Biblical miracle can be explained naturally: “Computer Modeling Applies Physics to Red Sea Escape Route” was its headline; Live Science titled its story, “Parting of Red Sea Jibes With Natural Laws.”  Indeed, Brett Israel in his write-up was ready to exchange Gods: “Mother Earth could have parted the Red Sea, hatching the great escape described in the biblical book of Exodus, a new study finds.”1.  Carl Drews and Weiqing Han, “Dynamics of Wind Setdown at Suez and the Eastern Nile Delta,” Public Library of Science: One, 5(8): e12481. doi:10.1371/journal.pone.0012481.2.  See Exodus 14 (ESV) at BibleGateway.com.There’s baloney in this story, but first, some disclaimers.  It’s true the authors and reporters never denied the Exodus story was miraculous or called it a myth.  It’s also true that Biblical miracles can be accomplished with natural means (example: the Jordan crossing made possible by a landslide upriver, as described in Joshua 3).  These become, then, miracles of timing of natural events.  For all we know, the authors respect the historicity of the Bible’s account and may even wish to shed light on its miraculous character.  Lastly, studying the power of wind and its ability to create land bridges under specific circumstances is honorable scientific practice.    The baloney is in two inferences: (1) that explaining a Biblical story “naturally” is superior to accepting a miracle.  That assumption begs all kinds of questions: what is meant by natural and miracle?  What is meant by a scientific explanation?  There are nuances of coordination between natural law and divine action that are glossed over in the broad-brush assumption that natural law trumps miracles (see joke).  A false impression is promulgated that all Biblical miracles can be subsumed under “natural explanations,” with a corollary that the Biblical accounts themselves are extensions of normal, natural phenomena that ancient people exaggerated and interpreted as miracles.    The second problem is this: it would take more faith to believe the “natural” explanation in this tale than the straightforward Biblical account in Exodus 14.  Yes, God did use a “strong east wind all night” as part of his action (v. 21), but the Bible goes on to say the waters became “a wall to them on their right hand and on their left” (v. 22).  Moreover, the timing of this amazingly specific wind (if that is all that was involved) – a finely-tuned wind that could blow waters left and right and maintain dry land in the midst of the sea (v. 22) without blowing women and children into the water with hurricane force gusts – was so precisely timed as to begin when Moses stretched out his hand over the sea (v. 21), allow all the Israelites to cross, then stop exactly when Moses stretched out his hand again (v. 26), drowning the entire army of Pharaoh.  Is the theory of Drews and Han, and their predecessors, somehow an improvement?  By any account, it’s a miracle anyway taking their theory, so where is the net gain in “natural” explanation?    The Bible is explicit that this was an actual miracle under the direct purpose and intervention of God.  Throughout the Old Testament, the prophets and psalmists recalled this extraordinary example of God’s power to protect His people, by opening a path in the “great deep” for them to cross.  If such things happened normally from time to time, any Jewish teen could see through it, telling Mom and Dad, “What’s the big deal?”  It would be a miracle if the Exodus story lasted more than a generation.  If you are a Bible believer, avoid getting sucked into the idea that these so-called “natural” explanations of Biblical miracles help make them more plausible.  At best, they still require a lot of faith and leave many questions begging.  At worst, they are paths to unsophisticated skepticism and leave many questions begging.  Be more charitable than Science Daily and Live Science; feed the beggars.(Visited 14 times, 1 visits today)FacebookTwitterPinterestSave分享0last_img read more

Vermont Raises Net-Metering Limits

first_imgThe Vermont Legislature has voted to raise the cap on net-metering, clearing the way for more homeowners to get paid for the excess power they generate.The Alliance for Solar Choice said the measure approved late last month increases the net-metering cap from 4% of a utility’s peak load to 15%. Once an electric utility reaches its cap, it’s no longer required to accept applications for net-metering systems, according to a report in vtdigger.com, so the higher cap should allow more solar customers to hook up their net-metered solar and wind systems to the grid.While utilities around the country appear to be digging in against small solar and wind generators, Mary Powell, the CEO of Vermont’s largest electric utility, seemed to welcome it with open arms.“I think having a cap is a huge problem,” the Green Mountain Power chief executive said in the vtdigger article of last July. “We should figure out how to adapt to this new future that is here and is what our customers want.”The bill upping the net-metering cap was signed into law by Gov. Peter Shumlin on April 1. The measure also applies a streamlined permitting process to larger solar systems, raising the limit from 10 kW to 15 kW, GreenTechMedia reported.last_img read more

9 months agoLiverpool boss Klopp blocks Origi sale

first_imgTagsTransfersAbout the authorFreddie TaylorShare the loveHave your say Liverpool boss Klopp blocks Origi saleby Freddie Taylor9 months agoSend to a friendShare the loveJurgen Klopp has blocked Divock Origi’s departure from Liverpool. The Belgian striker is wanted by Wolves, West Ham and Fulham.However, following Dominic Solanke’s transfer to Bournemouth, Klopp is not keen on losing any more of his attacking options, according to the Liverpool Echo.Liverpool had been open to selling the 23-year-old, who they value at £20million.Origi has scored 23 goals in 81 appearances for the Merseyside club. last_img

19 days agoChelsea boss Lampard tells Pulisic to fight for place

first_imgChelsea boss Lampard tells Pulisic to fight for placeby Paul Vegas19 days agoSend to a friendShare the loveChelsea boss Frank Lampard has told Christian Pulisic to fight for his place.Some in the USA have accused the Chelsea boss of favouritism because he is picking young English players ahead of the big-money signing from Pennsylvania.But Lampard said: “This is one of my difficult problems in this job, that I have good players and everyone has a story.“Christian Pulisic has a price-tag, Ross Barkley is an international player, Mason Mount is an international player.“Callum Hudson-Odoi has just signed a new contract, Bayern Munich wanted to buy him last summer, he is an international player.“Ruben Loftus-Cheek will come back and be an international player — and I can’t pick them all in the game, unfortunately.“All I have to demand of them is that they show me in training or show me in the game when they get the chances to play that they are worthy of their place.“That’s not to make me sound like a hard taskmaster, that’s just a brutal reality of my job. Next week I might be asked about two other names.”Lampard gave the USA international a chance against Grimsby in the Carabao Cup — and the implication is that he did not take it.Boss Lamps said: “I spoke to him two days before the Grimsby game and was very clear about the standards.“And we have to give him the fact he has moved country, moved leagues and is as young as all the young players we keep talking about. He has just turned 21.“What he needs to do is work daily and work to show within the group that he deserves to play.” TagsTransfersAbout the authorPaul VegasShare the loveHave your saylast_img read more

Husky Energy walks away from its hostile takeover bid for MEG Energy

first_imgCALGARY, A.B. – Husky Energy Inc. is walking away from its hostile takeover offer for MEG Energy Corp. after failing to win enough shareholder support.Husky says there have also been several negative surprises in the market since it first announced its offer at the end of September last year.The company cited production cuts for the oil industry mandated by the Alberta government and a lack of progress on Canadian oil export pipeline developments. The company’s offer for MEG expired Wednesday.All of the MEG shares that had been tendered to the offer will be returned to shareholders.Husky launched its stock-and-cash offer in September, but MEG rejected the bid as too low.last_img

Recognising the contribution of queen of sarod

first_imgThe 90th birth anniversary of the legendary queen of sarod, late Guru Sharan Rani is being commemorated with an event in the Capital. As the foremost woman practitioner of the sarod, a handpicked and personally trained disciple of late Baba Allauddin Khan, Guru Sharan Rani pioneered a revolution by making sarod a woman-friendly classical instrument. Her personal contribution to the art of playing sarod, by introducing the instrument to hundreds of music lovers worldwide through innumerable concerts held at prestigious platforms in India and abroad, remains legendary. Also Read – An income drop can harm brainIn keeping with her pristine status and appeal, a commemorative evening is being organised by her daughter Radhika Backliwal Narain, wherein a Lifetime Achievement Award will be conferred on Pandit Vishwa Mohan Bhatt, the country’s ace Mohan Veena Vadak. The event will be held on April 7, at India International Centre. The event will also see a live concert recital by the maestro, where he will be accompanied by his son and disciple Salil Bhatt, on the Satvik Veena. Tabla accompaniment for the same will be provided by Ram Kumar Mishra. For connoisseurs and music aficionados, there will be an opportunity to relive the Sharan Rani era through a short film of 29 minutes, featuring snippets from the musical journey of the Sharan Rani. The film has been directed by Radhika Backliwal Narain and deftly takes into account the personal, musical and international makeover along with the professional excellence of this performer.last_img read more

Dortmund seals late win to avoid Cupset

first_imgLate goals from new boy Axel Witsel and Marco Reus ensured that Borussia Dortmund beat Greuther Fuerth 2-1 in the German Cup on Monday.Dortmund was on the verge of an upset at the hands of the second-division club before Belgium midfielder Witsel restored parity to send the game to extra-time.Reus completed the comeback late in the game with an injury-time winner.Dortmund, who won the competition in 2017 failed to impress in Lucien Favre’s first competitive game in charge, and they paid the price when Sebastian Ernst opened the scoring for Fuerth.Jadon SanchoMerson believes Arsenal should sign Sancho Manuel R. Medina – September 14, 2019 Borussia Dortmund winger Jadon Sancho might be the perfect player to play for the Gunners, according to former England international Paul Merson.Witsel, who joined Dortmund from Chinese side Tianjin Quanjian, was set up by Reus, who was the beneficiary of Jadon Sancho’s incisive play for the winner – after goalkeeper Roman Buerki denied Fuerth’s Fabian Reese in a one-on-one.Fuerth coach Damir Buric missed the game due to a family bereavement.In the other encounter, Freiburg needed penalties to get past third-division Energie Cottbus. Tim Kruse missed the decisive spot-kick as the Bundesliga side won 5-3.last_img read more