Tag Archives: environment

Germany hatched a plan to attract green investment capital | Instant News


BERLIN (Reuters) – The German government is planning a new green financing strategy to direct capital into environmental projects and develop Germany into a leading center for sustainable finance, plans seen by Reuters show.

The so-called Sustainable Finance Strategy Plan lists 26 individual steps and will be adopted by the cabinet on Wednesday with a view to mobilizing investment for climate protection projects.

“The federal government wants to develop Germany into a leading location for sustainable finance,” said the plan, which is in line with the United Nations Sustainable Development Goals.

The plan aims to support the EU to become carbon neutral by 2050 – a target the European Commission estimates will require 350 billion euros to be invested annually.

The plan also responds to investors demanding that more companies comply with environmental, social and governance (ESG) criteria.

To help investors, the German plan envisions a sustainable “traffic light” system that makes it easier to identify green investment opportunities.

Berlin wants to coordinate traffic light plans with the EU if possible, but if it can’t move quickly with the bloc it will start with Germany’s Federal Environment Agency.

The government also plans to increase export credit guarantees and assistance for green projects, and to reallocate € 9 billion in equity held in pension and welfare funds into green investment.

With the Greens now topping most polls, Chancellor Angela Merkel’s conservatives and their Social Democratic coalition partners are eager to laud their green credentials ahead of September’s federal elections.

The government envisions this year’s green bond issuance to be similar to 2020, when it launched its first two green bonds with a combined volume of 11.5 billion euros.

A 30 year green bond is planned for May, with 10 year issuance to follow in the second half of this year.

Written by Paul Carrel; Edited by Cynthia Osterman

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ANZ Bank Profit Increases as Australian Economy Gains | Instant News


Australia & New Zealand Banking Group Ltd.First-half profits rose as lenders paid back bad debt terms made during the pandemic and the country’s economic recovery picked up.

Cash income from continuing operations rose to A $ 3 billion ($ 2.3 billion) in the six months to March 31, compared with A $ 1.4 billion in the same period a year earlier, according to a statement Wednesday. That barely missed the A $ 3.1 billion estimate of four analysts surveyed by Bloomberg. The Melbourne-based company raised its interim dividend to 70 Australian cents per share.

ANZ is the second of the nation’s four largest banks to provide investors with updates this season after Westpac Banking Corp on Monday said profits had soared and returned a temporary dividend that was forced to cancel last year because of the pandemic. The country’s central bank on Tuesday increased it economic prospects for a recovery that helps offset pressure on banks from a low interest rate environment.

“We will see an increase in the strength of the economy here in Australia and in New Zealand,” said Chief Executive Officer Shayne Elliott in a Bloomberg TV interview from Melbourne. “The economy is doing well on so many cylinders.”

The housing market boom helped ANZ secure its place as the country’s third largest lender for home loans, behind Commonwealth Bank of Australia and National Australia Bank Ltd., as the company provides about 92,000 new home loan accounts in Australia. CEO Elliott is now pursuing a five-year strategy focused on simplifying the bank structure.

Separately, Elliott said the bank was in a strong position to make acquisitions and had not ruled out a corporate interest in Citigroup Inc. retail operations in Australia.

Key Insights

  • Total waivers of provision A $ 491 million
  • Tier 1 common equity ratio 12.4%
  • Net interest margin on cash fell to 1.63% from 1.69% a year earlier
  • Return on equity in cash increased to 9.7% from 4.4%

What Bloomberg Intelligence Says

“In terms of home loans, ANZ has lost its share since September in the booming housing market and their margin prospects are not good,” said Bloomberg Intelligence analyst Matt Ingram. “Another thing that investors will worry about is dividends – the payout ratio is still much lower than the pre-Covid average.”

Market Reaction

  • ANZ shares slipped 0.5% as of 10:11 am in Sydney. They are still 26% higher this year.

Get more

– With the help of Haidi Lun, and Shery Ahn

(Adds Elliott’s comments from the Bloomberg TV interview in paragraph four and details from paragraph five)

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Colorful Photograph Shows the Secrets of Australia’s Twilight Zone Coral Reef | Instant News


Another sea snake.

Another sea snake.
Photo: Schmidt Maritime Institute

Incredible, though many coral ecosystems around the continent of Australia suffering from the consequences of climate crises such as ocean acidification and warming water temperatures, this mesophotic region appears to be doing quite well.

“Our observations of the reef show the mesophotic zone at Ashmore is diverse, vibrant and healthy,” said Karen Miller, principal research scientist at the Australian Institute of Marine Sciences and chief expedition scientist. “We found no evidence of coral damage.”

That may be a sign that mesophotic coral ecosystems are very resistant to changes in temperature and other human stresses. But it also seems like a sign of that conservation efforts at Ashmore Reef Marine Park went well.

These new findings, compiled by scientists into a impact report, can help the scientific community learn more about this mysterious mesophotic coral ecosystem. The researchers hope the footage and samples they capture will ultimately provide important insight into how to protect similar underwater ecosystems. Given what’s happening in other parts of the ocean, we definitely need it.

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Preparatory roundup: Lady Hurricanes claims the 5-AAA title in dramatic fashion | Instant News


With the District 5-AAA regular season championship – and the top seed for the district tournament – at stake, East Hamilton and Soddy-Daisy needed two additional innings to determine a winner.

After a goalless play into the ninth half, Lady Trojans pushed a lap at the top of the inning, but East Hamilton answered at home with a two-run home run by Syerra Rogers for a dramatic 2-1 win.

Rogers also won the ball, spread five strokes and scored 16 goals for Lady Hurricanes (20-6-1, 11-1), who managed just two shots from Lady Trojans starter Taylor Lloyd, who scored 13 goals.

Hope Ingle made three hits for Soddy-Daisy and Makayla Perez also had a pair of hits.

Photo gallery

East Hamilton vs. Soddy-Daisy

BASEBALL

* Whitwell 5, Grace Academy 4: Senior leadoff hitter Trevor Davenport scored a goal tying the game to midfield in the 12th inning and Dakota Morrison followed up with an RBI walkoff for a home win – a regular season final that took four hours to complete.

“This win put us all together. It was not easy, but we got the job done in the end,” said Davenport. “This win will definitely stick with me. So many different men did their job and winning our last home game meant a lot to me.”

Morrison and Hunter Cookston both had three strokes for the Tigers who took their punches throughout the game. Senior Zach Scissom grabbed the win in release while Cole Burns stood out with two strokes and RBI.

“Entering this year are only five players on the team who have university baseball experience,” said coach Whitwell Heath Thacker. “They all came together tonight and found a way to fight and get this victory. It was an extraordinary moment for many of our people. The results of their hard work paid off tonight.”

Grace Baptist starter Caleb Adams had a strong eight innings and scored eight strokes and also hit a home run in the park to take a 4-3 lead in the 12th inning. Noah Bastian also stands out on the pitch and on top of the Golden Eagle mound.

* Marion County 9, Sale Creek 7: Nathan Hoback scored three shots for the Warriors while Bryce Weeks went on four. Jakob Elrod scored three strokes for the Panthers, who allowed four expensive strokes in the second and fourth innings.

* Bradley Central 7, McCallie 1: Dakota Peace and Cooper Casteel had two hits apiece while Daniel Cox rode in a pair of runs for the Bears. Casteel grabbed the win on the mound which allowed one round in three innings. Kyle Berry went 2-for-4 with the RBI for McCallie.

* Notre Dame 2, CCS 0: David Brownlee scored two strokes while Mith Grannan raced through for the Irish and also scored three strokes. Ryan Eiselstein also threw a 3 1/3 innings shutout at releif for Fighting Irish. Cole Headrick went 2-for-4 for CCS.

SOFTBALL

* Silverdale Baptist 14, CCS 1: Emry Masterson, McCade Cooper and Bentlee Stiner all progressed in three rounds while Katie Willoughby scored eight of five one-shot ball innings.

* GPS 8, Boyd Buchanan 7: The Bruisers scored six points in the third set to help make the difference as McKamey Bratcher and Emily Leinberger tripled each. Boyd Buchanan had six additional basic strokes while Izzy Messer went on three strokes and homer along with Presley Williamson.

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Italian Minister Says Recovery Plan Rests on Upgrading the Private Sector | Instant News


Italy’s plans to start up its economy using grants and loans from EU recovery funds will not succeed without significant support from private investors, Minister of Infrastructure and Mobility Enrico Giovannini warned in an interview.

“Everyone is talking about public funds, but that is a distorted view,” said the minister. In an effort to shift the focus more towards a mix of public and private funding, Giovannini set up a commission within his ministry to explore ways of using other financial instruments for investment.

The Ministry has joint responsibility to invest 40.7 billion euros ($ 49 billion) of funds allocated to countries under the EU Next Generation program. Other European and national development programs will add another 20 billion euros.

Read more: Draghi Bet 261 billion Euro on a Redesign for the Italian Economy

The projects covered by the recovery plan, including the creation of a special economic zone and the construction of a high-speed railroad in the impoverished south, promise to create a “favorable environment” for business and ultimately serve to attract private investment, he said.

Investment Holding

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