July 08 2021
Following the Paris Agreement in 2015, green investing has become an essential factor in sustainable development and investment strategy. It is being employed by major countries around the world, including the EU, the US and China for setting out targets to reduce greenhouse gas emissions, promote green new deals, and establish targets for achieving carbon neutrality.
After announcing its European Green Deal, which committed a total investment of €1 trillion ($1.19 trillion), the EU introduced the European Climate Law in March 2020, and followed it up with measures such as the guide on climate-related and environmental risks in November 2020, and the EU taxonomy. It has also announced that it will impose a carbon border tax on imports by 2023. President Joe Biden of the US has also announced, as a part of his campaign pledge, an environmental policy shift to rejoin the Paris Agreement, to invest $2 trillion in clean energy and infrastructure,
PLA Global Wrap: Week 25
Austria Airlines ends prachter flights; FAA awards US$8 billion fund for US airports; Korean Air joins Space Pioneer project
June 30, 2021
By PLA Editor
In this week’s global wrap, we look back at the latest industry news and updates from week 25, including the end of Austrian Airlines’ ‘prachter’ flights. We also cover the FAA’s US$8 billion in grants to support the recovery of airports, as well as Korean Air’s recent participation in the country’s ‘Space Pioneer’ project. We round up the wrap with B2B updates from forwarders Geodis, CEVA and Bollore, as well as Safran, Brussels Airport, Qatar Airways, CHAMP and more. See the week 24 Global Wrap here.
May 26, 2021 13:02
Low-cost carriers in Korea are teetering on the edge of collapse as losses mount due to the coronavirus pandemic.
Flag carriers Korean Air and Asiana Airlines are managing to make up for losses in passenger transport by hauling more cargo, but budget airlines rely heavily on flying people. We ve done everything we can including capital increases and loans while our assets have been depleted, a budget airline executive said. If the situation doesn t get better soon, we will see bankruptcies.
Top-ranked Jeju Air suffered an operating loss of W85.9 billion in the first quarter of this year, while Jin Air s operating loss totaled W60 billion, T way Air s W44.8 billion and Air Busan s W47.2 billion (US$1=W1,123). That brings their combined losses to W237.9 billion.
A quiet arms race is rapidly heating up between the two Koreas nzherald.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nzherald.co.nz Daily Mail and Mail on Sunday newspapers.
A Quiet Arms Race Is Rapidly Heating Up Between the Two Koreas
The buildup over the last few years has threatened the delicate balance of peace on the Korean Peninsula.
South Korea’s Hyunmoo-2 missile launch at an undisclosed location in 2017.Credit.South Korea Defense Ministry, via Associated Press
April 19, 2021, 3:00 a.m. ET
SEOUL Pride and jealousy have driven North and South Korea to engage in propaganda shouting matches and compete over who could build a taller flagpole on their border. Now that one-upmanship is intensifying a much more dangerous side of their rivalry: the arms race.
Earlier this month, South Korea’s dream of building its own supersonic fighter jet was realized when it unveiled the KF-21, developed at a cost of $7.8 billion. The country also recently revealed plans to acquire dozens of new American combat helicopters. When President Moon Jae-in visited the Defense Ministry’s Agency for Defense Development last year, he said South Korea had “devel