Credit resources – XWKFPYV http://xwkfpyv.com/ Thu, 09 Jun 2022 05:04:55 +0000 en-US hourly 1 https://wordpress.org/?v=5.9 https://xwkfpyv.com/wp-content/uploads/2021/11/icon-1-120x120.png Credit resources – XWKFPYV http://xwkfpyv.com/ 32 32 The Busey Bank Bridge space aims to foster financial literacy and economic growth on the South Side of Peoria https://xwkfpyv.com/the-busey-bank-bridge-space-aims-to-foster-financial-literacy-and-economic-growth-on-the-south-side-of-peoria/ Thu, 09 Jun 2022 02:16:00 +0000 https://xwkfpyv.com/the-busey-bank-bridge-space-aims-to-foster-financial-literacy-and-economic-growth-on-the-south-side-of-peoria/ Residents of South Side Peoria have a new place to go for financial information, education and advice. A grand opening ceremony on Wednesday afternoon featured the Busey Bank Bridge, a community space intended to improve the region’s financial literacy and access to economic opportunity. “It means so much to Busey to be able to reinvest […]]]>

Residents of South Side Peoria have a new place to go for financial information, education and advice.

A grand opening ceremony on Wednesday afternoon featured the Busey Bank Bridge, a community space intended to improve the region’s financial literacy and access to economic opportunity.

“It means so much to Busey to be able to reinvest in the South Side community, to open a financial resource center, to provide education for individuals to learn more about how to manage their credit, how to fix their credit, how to become owners,” said Briggett Meachem, senior vice president of cash management. “Even as simple as how to manage a checkbook and how to manage your checking account. We’re excited to be able to do this for the community.

Formerly a loan processing office, the bridge space at 2120 Southwest Adams Street will offer resources and outreach programs to help individuals, families and small business owners in the neighborhood.

“We have partnered with several nonprofit organizations in the Peoria area to ensure that we provide these educational resources and seminars,” Meachem said. “Not everything will really happen here on the bridge; we will disseminate this information. We will also visit non-profit organizations and organize courses. So we’re really looking forward to putting our boots on the pitch.

Andy Cave, president of Busey Market in Peoria, said the intention was to bridge the gap between “the unbanked and the banked.”

“We’re trying to reach a segment of our population that doesn’t currently use banking, make them comfortable with it, and teach them about the principles and the value that banking brings to the table,” said Cellar.

Busey actually began operating the bridge in January and gradually worked to build relationships with other community organizations, as well as government agencies and private businesses. The site has already hosted a handful of seminars and workshops, with the next event scheduled for Wednesday focusing on the types of credit available to small businesses.

“I’m very grateful for the investment they’re making in the South Side of Peoria, an area that has a lot of needs, definitely financial literacy needs,” Peoria Mayor Rita Ali said. “It’s really what I would consider an equity investment, which means they invest in people. They remove some barriers that people often encounter when applying for loans, whether it’s a personal loan or a small business entrepreneurial opportunity.

Busey Regional Chairman Martin O’Donnell said the bridge program was designed to increase inclusion in the community’s economic development, and he is eager to see how these efforts will develop.

“There’s been a long history of community involvement and service here in the Greater Peoria area, so this facility is really going to build on that and help make everything better,” O’Donnell said. “We are truly committed to helping the greater Peoria area continue to grow and to help serve the community we live in and all of us are a part of.”

Meachem said some of the organizations the bridge will work with include the Black Business Alliance, Tri-County Urban League, Phoenix Community Development Services (formerly the South Side Office of Concern), and Peoria Public Schools.

“Start at a young age, that’s when you can invest in them,” Meachem said. “Once you invest in children when they are young, you put it in their families. You engage everyone else in the household to understand what it is all about and what financial education has to offer. »

The Peoria Bridge site is the first of its kind for Busey, with plans underway to open similar spaces in the Chicago and St. Louis markets.

“We’re really proud to have it here in Peoria, and we hope to replicate that concept in various locations across Busey’s footprint,” Cave said. “Busey, as a whole, really has a sense of volunteerism and commitment to his communities. This spirit, in my opinion, is particularly strong in Peoria, and it made it an excellent choice for Busey Bridge Center.


Source link

]]>
European stocks slide as Credit Suisse drags banks lower after profit warning https://xwkfpyv.com/european-stocks-slide-as-credit-suisse-drags-banks-lower-after-profit-warning/ Wed, 08 Jun 2022 09:01:00 +0000 https://xwkfpyv.com/european-stocks-slide-as-credit-suisse-drags-banks-lower-after-profit-warning/ The DAX chart of the German stock price index is pictured on the stock exchange in Frankfurt, Germany, June 2, 2022. REUTERS/Staff Join now for FREE unlimited access to Reuters.com Register Credit Suisse announces probable Q2 loss Inditex, owner of Zara, lifts retailers as profits rise Traders see ECB rate hikes at 75 basis points […]]]>

The DAX chart of the German stock price index is pictured on the stock exchange in Frankfurt, Germany, June 2, 2022. REUTERS/Staff

Join now for FREE unlimited access to Reuters.com

  • Credit Suisse announces probable Q2 loss
  • Inditex, owner of Zara, lifts retailers as profits rise
  • Traders see ECB rate hikes at 75 basis points by September

June 8 (Reuters) – European shares tumbled on Wednesday as Credit Suisse tumbled 6% following a profit warning that weighed on lenders, as investors braced for the meeting. the European Central Bank on Thursday and that of the US Federal Reserve next week.

The pan-European STOXX 600 index (.STOXX) fell 0.3% for the last time, giving up opening gains.

Banks (.SX7P) fell 0.7% after Credit Suisse (CSGN.S) said it was at risk of a group-wide loss in the second quarter as volatility hit its bank d ‘investment. Read more

Join now for FREE unlimited access to Reuters.com

“The question is whether banks are able to manage volatility intelligently, and then (Credit Suisse’s warning) makes people globally nervous,” said Sebastien Galy, senior macro strategist at Nordea Asset Management.

Capping losses, energy stocks (.SXEP) rose as oil prices traded higher on expectation of weak US stocks.

Retailers (.SXRP), which slid on Tuesday after U.S. counterpart Target warned of further margin compression, rose 1.6%, with Zara owner Inditex (ITX.MC) up 4, 6% after announcing an 80% increase in its net profit for the month of February. -April period. Read more

Meanwhile, money markets stepped up their bets on ECB rate hikes to price 75 basis points of hikes by September as inflation hit a record high last month. find out more

The central bank has so far signaled hikes from July, and markets had previously forecast two 25 basis point hikes.

“It is very difficult for the ECB to deliver 50 basis points in July because it would create a lot of uncertainty, a sense of panic from the ECB regarding inflation,” Galy said.

Markets faltered as soaring prices, tighter monetary policies and uncertainties stemming from the war in Ukraine worry investors about the recession.

Some hopes come from an easing of COVID-19 restrictions in China, the world’s second-largest economy, but its zero-COVID strategy remains a concern.

“While pressure on consumers’ real purchasing power intensifies and further supply issues emanating from China’s zero-COVID strategy may arise, the risks are not necessarily on the upside from now on. ‘here,’ Citigroup strategists said.

Data released on Wednesday showed German industrial production recovered but rose less than expected. Read more

Among other stocks, Wizz Air (WIZZ.L) fell 5.5% after the European budget airline reported a bigger annual loss on soaring fuel costs and said it was deploying resources to minimize disruptions due to staffing shortages and supply chain issues. Read more

Swedish online gaming group Kindred (KINDsdb.ST) jumped 10.8% after securing a gaming license in the Netherlands.

Join now for FREE unlimited access to Reuters.com

Reporting by Susan Mathew in Bengaluru; Editing by Subhranshu Sahu

Our standards: The Thomson Reuters Trust Principles.


Source link

]]>
Glia Named 2022 Best Workplace in FinTech https://xwkfpyv.com/glia-named-2022-best-workplace-in-fintech/ Tue, 07 Jun 2022 12:04:00 +0000 https://xwkfpyv.com/glia-named-2022-best-workplace-in-fintech/ Glia was named one of the 2022 Best Places to Work in Financial Technology by Arizent and Best Companies Group. Tweet that “Everything we do at Glia stems from the firm belief that digital customer service is transforming the way financial services companies interact with and support their users, and this movement would not be […]]]>

“Everything we do at Glia stems from the firm belief that digital customer service is transforming the way financial services companies interact with and support their users, and this movement would not be possible without the more than 250 talented people behind us,” said Dan Michaeli, CEO and co-founder of Glia. “That’s why we make it a top priority to perpetuate a flexible, values-based, goal-oriented and fun culture while celebrating voices, opinions and perspectives from all walks of life. We are proud to be recognized for these efforts, named as one of the best places to work in fintech.”

Glia has recently seen a noticeable boost. Earlier this spring, the company raised $45 million in Series D funding, bringing their total funding to $152 million and its valuation to more $1 billion. Also this year, the company reached the milestone of 300+ customers; formed and expanded strategic partnerships with Twilio, Duck Creek and Sureify; and joined two Amazon Web Services partner programs.

“The fintech community continues to grow and provides job opportunities for data scientists, developers, managers and creative thinkers,” said Penny Crosman, editor, technology at American Banker. “Best Places to Work in Financial Technology provides insight into which fintechs are leading the pack in areas such as HR policies, benefits, and culture, which can help people understand which companies might be right for them.”

To be considered for participation, companies must provide products, services or technology solutions that enable the provision of financial services. Companies must also have been in operation for at least one year and employ at least 15 people in the United States. www.BestPlacestoWorkFinTech.com.

About Glia

Glia is reinventing the way companies support their customers in a digital world. Glia’s Digital Customer Service (DCS) solution enriches web and mobile experiences with digital communication choices, on-screen collaboration and AI-powered assistance. Glia has partnered with over 300 banks, credit unions, insurance companies and other financial institutions worldwide to improve customer experience and drive business results. Named both a Deloitte Technology Fast 500™ company and a Great place to work (with a 97% employee satisfaction rate) for a second consecutive year, Glia continues to achieve broad industry recognition and thought leadership in customer service, including publishing the definitive book on DCS with Willey. The company has raised over $150 million in funding from top investors. To learn more, visit glia.com.

Contact: Maggie Sage, [email protected]

SOURCE Glia


Source link

]]>
Redwood Credit Union in Ukiah to Host Free Document Shredding and Electronic Device Disposal Event – The Ukiah Daily Journal https://xwkfpyv.com/redwood-credit-union-in-ukiah-to-host-free-document-shredding-and-electronic-device-disposal-event-the-ukiah-daily-journal/ Mon, 06 Jun 2022 19:28:16 +0000 https://xwkfpyv.com/redwood-credit-union-in-ukiah-to-host-free-document-shredding-and-electronic-device-disposal-event-the-ukiah-daily-journal/ Redwood Credit Union invites the Mendocino County community to come to its annual free document shredding event on Saturday, June 18 from 9 a.m. to noon in the parking lot of the Ukiah branch of RCU at 195 S. Orchard Ave. The popular annual Shred-a-Thon will include free document shredding provided by Shred-It and electronic […]]]>

Redwood Credit Union invites the Mendocino County community to come to its annual free document shredding event on Saturday, June 18 from 9 a.m. to noon in the parking lot of the Ukiah branch of RCU at 195 S. Orchard Ave.

The popular annual Shred-a-Thon will include free document shredding provided by Shred-It and electronic waste (e-waste) collection by Conservation Corps North Bay.

“We are pleased to provide this free service to the community to help people safely dispose of their sensitive documents and electronic waste,” said Todd Andrus, Chief Experience Officer of Redwood Credit’s Ukiah Branch. Union. “Securely disposing of old financial documents and other confidential information is one of the best steps people can take to protect themselves against identity theft.”

Attendees may bring up to three boxes (15″x12″x10″) of confidential documents to be shredded, such as old financial statements, canceled checks and credit card offers. Conservation Corps North Bay will also be on hand to collect and recycle electronic waste such as old computers, printers, cell phones and personal electronic devices.

Monetary donations will be accepted at the event to benefit Plowshares, a community-funded non-profit organization located in Ukiah that provides hot, nutritious meals and resources to people in need in Interior Mendocino County.

For more information and updates on the Shred-a-Thon, visit redwoodcu.org/shred or follow RCU on Facebook, Instagram, Twitter and LinkedIn.


Source link

]]>
Could China’s population start to decline? https://xwkfpyv.com/could-chinas-population-start-to-decline/ Mon, 06 Jun 2022 00:03:54 +0000 https://xwkfpyv.com/could-chinas-population-start-to-decline/ This means that if there are currently 100 working-age people available to support 20 elderly people, by 2100, 100 working-age Chinese people will have to support 120 elderly Chinese people. The 1.73% annual average decline in China’s working-age population sets the stage for much weaker economic growth unless productivity picks up quickly. Higher labor costs, […]]]>

This means that if there are currently 100 working-age people available to support 20 elderly people, by 2100, 100 working-age Chinese people will have to support 120 elderly Chinese people.

The 1.73% annual average decline in China’s working-age population sets the stage for much weaker economic growth unless productivity picks up quickly.

Higher labor costs, driven by rapidly shrinking labor, are expected to push low-margin, labor-intensive manufacturing out of China to labor-rich countries -countries such as Vietnam, Bangladesh and India.

Already, manufacturing labor costs in China are twice as high as in Vietnam.

At the same time, China will need to devote more of its productive resources to providing health, medical and elderly care services to meet the demands of an increasingly elderly population.

Modeling by the Center for Policy Studies at the University of Victoria in Australia suggests that without changes to China’s pension system, its pension payments will increase fivefold, from 4% of GDP in 2020 to 20% of GDP in 2100.

For resource-exporting countries like Australia, these changes will likely require a shift in exports to manufacturers outside of China. For importers of goods, including the United States, the source of goods is expected to gradually shift to new emerging manufacturing hubs.

Despite predictions that it will be “the chinese century“, these population projections suggest that influence could shift elsewhere – including to neighboring India, whose population is expected to overtake China in the next decade.

* This is an edited version of an article that originally appeared in The Conversation, and is republished under a Creative Commons license.

Xiujian Peng works for the Center for Political Studies at Victoria University. She has received funding from several organizations over the past five years, including the Shanghai Academy of Social Sciences, Henan Agricultural University, and CHN Energy Economics and Technology Research Institute.

Join a million Future fans by liking us on Facebookor follow us on Twitter Where instagram.

If you liked this story, sign up for the weekly bbc.com features newslettertitled ‘The Essential List’ – a handpicked selection of stories from the BBC Coming, Culture, working life, Travel and Reel delivered to your inbox every Friday.



Source link

]]>
Update: Cienigita Fire on Mescalero Reservation – June 4, 2022 8:45 PM — Ruidoso-NM.gov https://xwkfpyv.com/update-cienigita-fire-on-mescalero-reservation-june-4-2022-845-pm-ruidoso-nm-gov/ Sun, 05 Jun 2022 01:30:44 +0000 https://xwkfpyv.com/update-cienigita-fire-on-mescalero-reservation-june-4-2022-845-pm-ruidoso-nm-gov/ Airstrike just reported they now have slurry around 95% of the Cienigita fire on the Mescalero reservation. The last 5%, which is the heel of the fire, is worked by the Smokey Bear Hot Shots. Out of an abundance of caution, Ruidoso Village has put Alpine Village, Cedar Creek, Upper Canyon West End, Brady Canyon, […]]]>

Airstrike just reported they now have slurry around 95% of the Cienigita fire on the Mescalero reservation. The last 5%, which is the heel of the fire, is worked by the Smokey Bear Hot Shots.

Out of an abundance of caution, Ruidoso Village has put Alpine Village, Cedar Creek, Upper Canyon West End, Brady Canyon, and Perk Canyon on READY status due to the fire.

Until tomorrow, this will be our last update tonight, unless further communication is warranted.

Learn more about the New Mexico Ready, set, go! multi-level evacuation program.

Ready – get ready

  • Create a family disaster plan that includes meeting places and communication plans and practice it regularly. Include the evacuation of large animals, such as horses, in your plan.

  • Pack an emergency kit or travel bag. The NM Department of Homeland Security and Emergency Management Preparation Guide is a good resource for what to include. Keep an extra kit in your vehicle. Don’t forget important family documents like birth certificates, wills, deeds and insurance policies.

The 6 P checklist:

  • people and pets

  • Important papers, phone numbers and documents

  • Prescriptions, vitamins and glasses

  • Photos and irreplaceable memories

  • Hard drive and personal computer disks

  • “Plastic” (credit cards, ATM cards) and cash

Set – Be ready to go

  • Monitor fire weather and fire status. See inciweb.nwcg.gov and nmfireinfo.com. Stay tuned to local TV and radio stations for updates and check official news sources on the internet

  • Have an evacuation plan in place for your family and pets and ensure that all family members have a copy of the evacuation and contact information.

  • Load your supplies and backpacks into your vehicle.

Go ahead – Act early, evacuate

  • Don’t wait to be told to leave if there is a possible threat to your home or your escape route. Leave early enough to avoid being caught in fire, smoke or traffic jams. If the local authorities advise you to leave, do not hesitate. If you don’t follow the Go order, understand that emergency services may not be able to help you.

  • Head to a pre-determined location in a low-risk area, such as a relative’s home, a Red Cross shelter or evacuation center, motel, or school. Identify multiple routes in case your first choice is closed due to the fire.


Source link

]]>
Op-ed: Oppose restrictions on credit card interchange fees | News, Sports, Jobs https://xwkfpyv.com/op-ed-oppose-restrictions-on-credit-card-interchange-fees-news-sports-jobs/ Sat, 04 Jun 2022 04:10:40 +0000 https://xwkfpyv.com/op-ed-oppose-restrictions-on-credit-card-interchange-fees-news-sports-jobs/ Consumers in West Virginia rely on credit cards for their day-to-day needs, from paying for groceries and school supplies to covering emergency auto repairs or medical expenses. Accepted almost everywhere, credit cards offer robust security, fraud protection, and access to credit that might not otherwise be available. Interchange fees, which are only a […]]]>

Consumers in West Virginia rely on credit cards for their day-to-day needs, from paying for groceries and school supplies to covering emergency auto repairs or medical expenses. Accepted almost everywhere, credit cards offer robust security, fraud protection, and access to credit that might not otherwise be available. Interchange fees, which are only a fraction of a cent on every dollar transacted, make this possible.

The U.S. Senate Judiciary recently held a hearing called, “Excessive Swiping Fees and Barriers to Competition in Credit and Debit Card Systems”, which is an effort by merchants pushing Congress to restrict credit card interchange fees and add routing mandates — and it’s bad for consumers.

Restrictions on credit card trading would deprive credit unions of essential resources that work day in and day out to serve their communities and force them to choose between funding vital programs that benefit their communities or continuing to operate credit card programs. low cost that provide lines of credit to members who would otherwise not be able to obtain them.

The current trading system provides security for consumers, merchants and financial institutions. These fees cover the cost of fraud detection, credit monitoring, and fraudulent purchase protection that reassures consumers and merchants when bad actors attack. The robust security features that make credit cards so attractive to consumers come at a cost. While interchange fees now cover these costs, a potential reduction in these fees, coupled with an alarming increase in fraud, poses a real threat to data security.

Credit card routing mandates can also hamper data security. The proposed routing mandates would give retailers the ability to choose the network they use to route credit card purchases, which is often the cheapest option. Unsurprisingly, the cheapest option is often not the safest or most reliable. This will happen at a time when we need more financial security, not less.

The rate – and cost – of criminal activity is on the rise. When a merchant’s systems are hacked or a card is otherwise compromised, financial institutions absorb a significant portion of the costs.

* $1,600/card – The average fraud payment in 2020

* $6.50: average cost to replace contactless cards

* 36% – Number of credit unions reporting higher fraud losses, 2019-2020

It is important to recognize that credit cards represent an extension of unsecured credit to a consumer, which means that financial institutions provide a loan to a consumer each time a credit card is used to purchase goods or services. services from a retailer or merchant on a network that was uniquely developed for this purpose.

When merchants pay an interchange fee, it is the cost they incur for the service of using the card network. Imposing additional compliance charges or capping the rates charged for the service provided would have a disproportionate impact on the ability of credit unions to offer card services. At least 15% of credit unions would be forced to reduce or eliminate their credit card programs.

The Durbin Amendment was enacted to allow merchants to lower their prices and encourage customers to spend more; however, an analysis by the Federal Reserve Bank of Richmond found that only about 1% of merchants passed their savings on to consumers through reduced prices.

Expanding exchange regulations and adding routing mandates at a time when the economy is struggling to recover from a global pandemic will only further damage community financial institutions and limit their ability to serve the small businesses and individuals who need it most.

The West Virginia Credit Union League, which represents more than 380,000 members, strongly opposes expanding credit card trading restrictions because it is clear that it is failing government policy, which should not be implemented.

***

Rich Schaffer is the president and CEO of the West Virginia Credit Union League in Parkersburg, WV.




Today’s breaking news and more to your inbox










Source link

]]>
California Air Resources Board Releases Updated Draft Scoping Plan (Part 3) | Latham & Watkins LLP https://xwkfpyv.com/california-air-resources-board-releases-updated-draft-scoping-plan-part-3-latham-watkins-llp/ Thu, 02 Jun 2022 17:32:47 +0000 https://xwkfpyv.com/california-air-resources-board-releases-updated-draft-scoping-plan-part-3-latham-watkins-llp/ CARB doubles down on the LCFS program and liquid transportation fuels. On May 10, 2022, the California Air Resources Board (CARB) released its Draft update of the 2022 framework plan (Draft Scoping Plan) for public review and comment. Assembly Bill (AB) 32, the California Global Warming Solutions Act of 2006 (AB 32), requires CARB to […]]]>

CARB doubles down on the LCFS program and liquid transportation fuels.

On May 10, 2022, the California Air Resources Board (CARB) released its Draft update of the 2022 framework plan (Draft Scoping Plan) for public review and comment. Assembly Bill (AB) 32, the California Global Warming Solutions Act of 2006 (AB 32), requires CARB to develop and update a scoping plan every five years that outlines the approach California will take to reduce emissions greenhouse gas (GHG) emissions to meet the goal of reducing emissions to 1990 levels by 2020. Senate Bill (SB) 32 subsequently strengthened the emissions reduction goal state GHG emissions to at least 40% below 1990 levels by 2030. Our first Publish in this series discusses CARB’s proposed scenario for achieving state GHG goals, which adopts a 2045 carbon neutral goal. Our second Publish explores how the cap and trade program figures into the draft framework plan. In this third article, we look at how California’s Low Carbon Fuel Standard (LCFS) program takes into account the state’s GHG reduction goals and how the LCFS program might change in the near future. The draft scoping plan states that CARB will initiate regulations on the LCFS to ensure it continues to support low-carbon fuels that will replace petroleum fuels.[1]

California’s LCFS program was adopted in 2009 as one of the key measures to reduce GHG emissions in California under AB 32. The original goal of the program was to reduce carbon intensity (CI) of transportation fuel used in California by 2020 by at least 10% from a 2010 baseline. CI is a measure of the amount of carbon dioxide equivalent (CO2(e) emitted per unit of energy supplied by that fuel, taking into account GHG emissions throughout the fuel’s life cycle, including production, transport to market and consumption. The LCFS program sets annual IC standards that decrease over time. Transportation fuels sold in California that have an IC lower than the LCFS program benchmark established by the CARB generate LCFS credits, where one credit represents one metric ton of CO2and reduced. Transportation fuels sold in California with CIs above the benchmark generate deficits. A loss-making fuel supplier must generate or earn an equivalent number of LCFS credits on an annual basis, creating demand for low IC fuels in California.

The LCFS program was modified most recently, and more importantly, in 2018 in response to the 2017 Framework Plan, which “clearly indicated that the development of a more ambitious LCFS is an essential part of the State’s efforts to achieve the SB 32 lens.[2] In line with California’s 2030 GHG target, the Amendments strengthened and extended the IC’s benchmarks to a 20% reduction below the 2010 baseline by 2030 and annually thereafter . In addition to strengthening CI targets, the 2018 amendments made the following major changes to the LCFS program:

  • Covered fuels: The Amendments expanded the fuel types covered by the LCFS program to encourage further GHG reductions by including alternative jet fuel, propane, compressed natural gas and renewable natural gas.
  • Capacity-Based Credit: These additional provisions allow an entity to generate LCFS credits for the deployment of zero-emission vehicle (ZEV) refueling infrastructure, including hydrogen stations and electric vehicle fast-charging sites ( VE). LCFS credits are generated based on station or charger capacity, minus the amount of fuel dispensed (which generates LCFS credits within a CARB-approved fuel path). Capacity-based credit provides a revenue stream for service stations as ZEV population and station usage increases.
  • CCS Protocol: The 2018 amendments adopted a protocol for crediting carbon capture and sequestration (CCS) projects. CCS projects must incorporate monitoring, reporting and verification requirements to demonstrate that GHG reductions are permanent in order to generate LCFS credits.

In 2019, the transportation sector was the largest sectoral source of GHG emissions in the state, accounting for over 50% of statewide GHG emissions.[3] The draft blueprint addresses three ways to reduce transport emissions: (1) new technologies; (2) innovative fuels; and (3) a decrease in vehicle-kilometres travelled. Transportation technology and fuels both involve the LCFS program.

In terms of technology, the draft framework outlines that vehicles must switch to zero-emission technology in order to decarbonise the transport sector. Executive Decree N-79-20 set a goal that 100% of new passenger car and truck sales in the state will be ZEVs by 2035, which is reflected in the draft framework plan. This same decree also sets a target that 100% of medium and heavy trucks will be ZEV by 2045 when possible, and by 2035 for drayage trucks. As shown in Figure 4-1, copied below from the draft scoping plan, meeting the state’s goals for decarbonizing the transportation sector will require rapid, short-term increases in the percentage of sales of new vehicles that are ZEVs.

The draft blueprint notes that easy access to refueling infrastructure is necessary to achieve the level of ZEV adoption required to achieve state goals. While some existing public funding mechanisms are available for ZEV refueling infrastructure deployment, “[p]Private investment in reliable, affordable and ubiquitous refueling infrastructure must drive the transition as the business case for ZEVs continues to strengthen. To that end, the “Strategies for Achieving Success” in the transportation technology category include an effort to align the LCFS program with the draft framework plan, and:

Promote private investment in the transition to ZEV technology, underpinned by regulatory certainty, such as infrastructure credits in the Low Carbon Fuel Standard for hydrogen and electricityand grants for hydrogen stations from the California Energy Commission’s Clean Transportation Program pursuant to Executive Order B-48-18. (emphasis added)[4]

In terms of transportation fuels, while electricity and hydrogen are currently the main fuels for ZEVs, the draft blueprint recognizes the need for low carbon liquid fuels during the transition to ZEVs. This recognition is pragmatic because gasoline and diesel vehicles are on the road today, and those sold prior to the aforementioned 100% ZEV mandates, will continue to operate as the California fleet renews. Additionally, the draft guidance plan notes that low-carbon liquid fuels can be used to reduce GHG emissions from sectors that cannot easily switch to ZEVs, such as aviation, locomotives and marine applications. As shown in Figure 4-2, taken from the draft blueprint, the projected transportation fuel mixes in 2035 and 2045 indicate a substantial decrease in liquid petroleum fuels with increases in electricity, biofuels and hydrogen.

The draft scoping plan credits the LCFS program with fostering a growing alternative fuels market in California and states that the LCFS program’s market signals are in part responsible for fuels such as renewable diesel, sustainable aviation fuel , renewable gas and electricity. market share and displacing petrol and diesel in vehicles.

“Strategies for Success” in the Transportation Fuels Category Guidance Plan project includes initiating a public process to assess increasing the rigor and scope of the LCFS program, which could include proposing CI targets accelerated by 2030; further cuts to the post-2030 CI targets (which are currently held constant at 2030 levels) to align with the final 2022 framework plan; fully integrate current opt-in sectors into the LCFS program (eg aviation fuels); and providing capacity credits for hydrogen and electricity used to fuel heavy vehicles.[5]

The success of the LCFS program as a market-driven means to reduce the CI of transportation fuels is highly dependent on the value of LCFS credits. While in May 2021, LCFS credits were trading at an average price of $190,[6] in the week of May 23-29, 2022, CARB reports an average credit price of $105.03.[7] Credit prices have steadily declined over the past two years due to a variety of factors, including the commissioning of new low-carbon fuel production facilities and market expectations for future credit supplies. LCFS from facilities announced but not yet built. It remains to be seen whether low-carbon fuel generation facilities and ZEV infrastructure projects can secure project financing, be built, and remain profitable when LCFS credit prices drop. Given the Draft Framework’s acknowledgment of the role of the LCFS program in encouraging and supporting the scaling up of alternative fuels, future LCFS regulations may also assess provisions to provide a regulatory certainty and maintain LCFS credit prices at a level that will continue to attract private investment.

Endnotes

[1] Draft framework plan at 225.

[2] CARB, Staff Report: Initial Statement of Reasons for the Proposed Amendments to the Low Carbon Fuel Standard Regulation at EX-1 (March 2018), available at: https://ww2.arb.ca.gov/sites/default/files/barcu/regact/2018/lcfs18/isor.pdf?_ga=2.163810422.838982876.1653944403-1700096536.1646153403.

[3] Draft framework plan at 147.

[4] ID. at 150-51.

[5] ID. at 154.

[6] CARB, Monthly LCFS Credit Transfer Activity Report for May 2021 (June 8, 2021), available at: https://ww2.arb.ca.gov/sites/default/files/classic/fuels/lcfs/credit/May%202021%20-%20Monthly%20Credit%20Transfer%20Activity.pdf.

[7] CARB, LCFS Weekly Credit Transfer Activity Reports, available at: https://ww2.arb.ca.gov/resources/documents/weekly-lcfs-credit-transfer-activity-reports.


Source link

]]>
Federal agency announces Idaho will be part of new effort to build more affordable housing https://xwkfpyv.com/federal-agency-announces-idaho-will-be-part-of-new-effort-to-build-more-affordable-housing/ Wed, 01 Jun 2022 21:32:13 +0000 https://xwkfpyv.com/federal-agency-announces-idaho-will-be-part-of-new-effort-to-build-more-affordable-housing/ The regional branch of the US Housing and Urban Development Agency that includes Alaska, Idaho, Oregon and Washington announced a new effort to boost housing supply in the four states through a national initiative called Our way homeaccording to a press release. HUD will host panel discussions and listening sessions in the coming months, as […]]]>

The regional branch of the US Housing and Urban Development Agency that includes Alaska, Idaho, Oregon and Washington announced a new effort to boost housing supply in the four states through a national initiative called Our way homeaccording to a press release.

HUD will host panel discussions and listening sessions in the coming months, as well as peer learning opportunities to connect cities, counties, tribal communities, and state governments with the tools and resources needed. to build more affordable housing. The initiative will also be an opportunity for the agency to gather feedback and ideas for improving its existing programs, according to the release.

President Joe Biden announced a national plan to increase affordable housing developments in late May, with a list of more than a dozen actions the administration intends to take over the next five years. The list includes expanding and improving existing forms of federal funding such as the low-income housing tax credit, working with the private sector to address supply chain issues, and improved construction techniques; and the introduction of a new grant program to help remove barriers to development, including permission for prefabricated housing communities. Thanks to the American Rescue Plan Act, communities across the country now have access to $5 billion in HOME grants.

Regional Housing and Urban Development Administrator Margaret Solle Salazar publicly announced the initiative Wednesday in Boise with Mayor Lauren McLean and Idaho Housing and Finance Association President Gerald Hunter. She applauded the state of Idaho’s creation of the Workforce Housing Trust Fund and the city of Boise’s housing efforts, according to the statement.

As part of the Our Way Home initiative, HUD will continue to increase community wins and learn from communities that are building and preserving affordable homes. The Department will engage communities in discussions on housing supply policies and resources over the coming months.

Get morning headlines delivered to your inbox


Source link

]]>
The Sahel must be considered a region of “opportunities” despite the “multiple crises” | https://xwkfpyv.com/the-sahel-must-be-considered-a-region-of-opportunities-despite-the-multiple-crises/ Sat, 28 May 2022 17:16:08 +0000 https://xwkfpyv.com/the-sahel-must-be-considered-a-region-of-opportunities-despite-the-multiple-crises/ The Sahel is a vast, underpopulated region that stretches across Africa from Senegal in the west to Djibouti in the east, an area destabilized by conflicts linked to terrorism, the effects of climate change and the lack of development. UN News spoke to Mr. Annadif about solutions to the problems facing the region. What is […]]]>

The Sahel is a vast, underpopulated region that stretches across Africa from Senegal in the west to Djibouti in the east, an area destabilized by conflicts linked to terrorism, the effects of climate change and the lack of development.

UN News spoke to Mr. Annadif about solutions to the problems facing the region.

What is the historical context of the Sahel region?

The Sahelian populations are far from the decision-making centers of the countries that make up the region and therefore live on the margins. But they are resilient and self-sufficient, living off trade and nomadic agriculture.

Following political unrest in Libya and before that in Afghanistan, this region has become a haven for terrorist groups who use religion to incite hatred. It is not Islam, it is a corrupt Islam that these groups want to spread to serve their plans, taking advantage of the fact that most people in the Sahel are very sensitive to religious issues.

Due to the lack of basic services and infrastructure, some people may be tempted to join the discourse of these groups which, in certain situations, play the role of the State by providing services such as education, health and righteousness.

UN News/Daniel Dickinson

Annadif Khatir Mahamat Saleh, Special Representative of the Secretary-General for West Africa and the Sahel.

Can you describe the situation today?

Today, the Sahel is infested with terrorists. With the fall of Gaddafi in Libya, the region has become an open-air arsenal, where weapons circulate like bread; anyone can get a gun, which causes violence.

The region is also suffering from the impact of climate change. Before, nomadic herders and farmers coexisted well side by side, but with climate change, there is less land to cultivate and less pasture for herders, which has led to more inter-community conflicts.

In the past, local leaders helped mediate these conflicts, but they have been ousted by terrorists who, in some cases, manipulate and escalate disputes between farmers and herders in order to expand their sphere of influence.

What type of crisis is the region facing?

The region faces multiple crises, for which the populations of the Sahel are not responsible. These are global issues with global effects: we are seeing more illegal migration, more terrorist influence and the destabilization of states.

With a little support, Sahelian countries could make progress against these overlapping crises and provide a bulwark against terrorism. But it is important that the international community remain engaged to support the efforts of the countries of the region.


A Malian refugee family who fled violence and conflict sit under their shelter in a camp near Dore in northern Burkina Faso.

UNOCHA/Giles Clarke

A Malian refugee family who fled violence and conflict sit under their shelter in a camp near Dore in northern Burkina Faso.

What are the solutions to these deep rooted problems?

Investing more in education is vital to articulating durable solutions. In a region made up of 60 to 70% young people, it is crucial to redouble our efforts to ensure young people’s access to education.

It is important that the State and public institutions play their role in ensuring the provision of basic services and putting in place infrastructure for development. There is no way out without development. And this requires a minimum of financial support.

It is also important to see the Sahel as a region of opportunity rather than just a problem, and people must be seen as part of the solution rather than part of the problem.

Where are these opportunities?

Most people in the Sahel want peace; they are hardworking, resilient and can live on very little. They don’t ask for much. The opportunity is there to exploit the resources that lie beneath the earth’s surface, for example underground sources of water, minerals and gold.

Terrorists sell gold mined in the Sahel to finance their operations.

If these resources were properly exploited, if the people who live in the Sahel benefited from them, it would be a way to stop the illicit flows of drugs, weapons and people through the region.

Even if these people are poor and neglected, they are proud and attached to their region and will no longer want to leave it.


A soldier from Burkina Faso stands guard along the border with Mali and Niger during a military operation against suspected terrorists.

© Michele Cattani

A soldier from Burkina Faso stands guard along the border with Mali and Niger during a military operation against suspected terrorists.

How does the United Nations support these solutions?

The United Nations is a key partner in the Sahel, working in coordination with various partners to support the tireless efforts of governments in the region.

As part of the implementation of the United Nations Integrated Strategy for the Sahel (SINUS), the United Nations contributes to peacebuilding, humanitarian assistance and development through the work of agencies, funds and dedicated United Nations programs serving the populations of the Sahel. every day, to shape a better future.

Under the leadership of Mar Dieye, the Office of the Coordinator for the Development of the Sahel (OCDS), is actively working to mobilize regional and international partners to accelerate the implementation of development programs and projects within the framework of the UNISS .

The governments of the Sahel countries are doing what they can and we must continue to support them. Their efforts are necessary but insufficient to put an end to the various challenges.

Given the changing global situation caused by the Ukrainian crisis, I call on the international community not to neglect the Sahel region and to maintain its financial support and political commitment to the region. We must all remain mobilized at this critical time in the countries of the Sahel.


Source link

]]>