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

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

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

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

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

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

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

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

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

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

Attachments

Mundo Verde Climate
media@mv-climate.com

GlobeNewswire Distribution ID 9032182

Leaders in Luxury: Automobili Pininfarina Recognised With Three International Awards

B95

B95 by Automobili Pininfarina

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

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

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

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

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

Battista Edizione Nino Farina

Battista Edizione Nino Farina by Automobili Pininfarina

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

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

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

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

PURA Vision design concept

PURA Vision by Automobili Pininfarina

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

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

Press Contacts

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

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

EDITOR’S NOTES

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

Photos accompanying this announcement is available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/666e6473-ad48-44a4-b8b4-63370c5905ba
https://www.globenewswire.com/NewsRoom/AttachmentNg/4e3f2da6-e216-479c-97fd-4f672a1d3e87
https://www.globenewswire.com/NewsRoom/AttachmentNg/5528a50f-f9b1-44f9-8a6f-86535076509

GlobeNewswire Distribution ID 1000912151

Temperatures slightly up

The weather Tuesday is partly cloudy in most regions. The wind is blowing relatively strong in the south, light to moderate elsewhere. Temperatures are slightly up with highs ranging between 19 and 26°C nationwide Source: Agence Tunis Afrique Presse

ARP considers bill on Tunisia’s accession to Budapest Convention on Cybercrime

The plenary session of the Assembly of People's Representatives (ARP) on Tuesday is considering a draft organic law on Tunisia's accession to the Council of Europe's Convention on Cybercrime, the "Budapest Convention 2001," which provides an opportunity for Tunisia to contribute to the international effort to combat cross-border ICT-related crime. The reason for presenting the bill to the plenary session is to underline Tunisia's efforts to draw up legal frameworks covering cybercrime, by incorporating this phenomenon into the Penal Code since 1999 and avoiding loopholes by promulgating Decree No. 54 of 2022 on combating offences related to information and communication systems. The explanatory document states that "Decree No. 54 of 2022 is in line with international legal developments in this field since the adoption of the Council of Europe Convention on Cybercrime," namely the Budapest Convention of 2001, to which many States around the world have acceded. The Convention will help Tunisia's legal system and national structures involved in combating crimes related to information and communication systems to make the most of the legal procedures approved by the Treaty, notably as regards information sharing between member states. The ARP's General Legislation Committee examined the bill on January 25, 2024. The committee heard on January 29, Minister of Information and Communication Technologies Nizar Ben Neji as well as representatives of the Ministries of Foreign Affairs and the Interior. Ben Neji told the committee that "cybercrime is a cross-continental crime" and that Tunisia's accession to this Convention is part of the National Strategy on Cyber Security, which aims to support international efforts in this field. Source: Agence Tunis Afrique Presse

Tunis to host 3rd edition of Tunisia Africa Business Meetings (TABM), July 2-3, 2024

The 3rd Tunisia Africa Business Meetings (TABM) will be organised on July 2-3, 2024, at the initiative of the Export Promotion Centre (CEPEX) and in cooperation with the German International Cooperation Agency (GIZ), CEPEX CEO Mourad Ben Hassine told a press conference in Tunis on Tuesday. As part of the support for exports to sub-Saharan African countries, this event aims to steer Tunisian exporting companies more towards African markets and to endeavour to better step up trade with sub-Saharan African countries. This year, almost 2,000 business meetings will be organised, with the participation of 300 Tunisian exporting companies (compared to 200 during the previous edition) and 150 African companies (compared to 80 during the 3rd edition), from 25 African countries, explained Ben Hassine. These companies operate in nine growth sectors: Agri-food, construction, mechanical and electrical engineering, textiles and clothing, pharmaceuticals, public works, health services, education, training and information technology. Taking the floor, Project Manager for the Promotion of Export Activities to New Markets in Sub-Saharan Africa (PEMA II) at GIZ Lisa Menucha pointed out that the 2022 event had been a success, based on an evaluation carried out among participants. According to this evaluation, 67% of African companies out of a total of 84 had signed business contracts with Tunisian companies, she said. CEPEX intends to organise 74 promotional activities in 2024 With regard to CEPEX's 2024 export agenda, Ben Hassine underlined that 74 promotional activities will be organised, divided between the organisation of Tunisian participation in trade fairs and shows abroad, delegations of businessmen and professional meetings, as well as prospecting missions and visits by importers to Tunisia. The 2024 programme includes the organisation of 29 trade events abroad and 45 promotional operations targeting foreign markets. A total of 560 companies are expected to take part in this year's promotional activities, targeting 25 markets in Africa (9), the Arab countries (7) and Europe (8). Six new destinations will be introduced in 2024: the Sultanate of Oman, Burkina Faso, Uganda, Guinea, Senegal and Canada. In 2023, merchandise export revenues reached almost TND 62 billion, up by TND 4.5 billion (7.9%) on 2022. The increase in revenue from exports of goods, at a faster rate than imports, will reduce the trade deficit by TND 8.1 billion, to TND 17 billion in 2023, and improve the rate of coverage of imports by exports to 8.9%. Export revenues from the other export sectors, excluding revenues from energy and lubricating oils, as well as mining, phosphate and its derivatives, rose by 12.5% to TND 55.6 billion. Source: Agence Tunis Afrique Presse