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How do celebrities get their hands on museum-quality gowns?
  + stars: | 2024-05-07 | by ( Leah Dolan | ) edition.cnn.com   time to read: +12 min
But today, as more and more celebrities choose to wear vintage, the all-important stretch of red carpet has started to look more like a museum hallway. Kendall Jenner's vintage dress for the 2024 Met Gala. Mugler — the luxury French fashion house responsible for dressing Zendaya in a 30 kilogram full metal robot suit from 1995. Although interest in vintage fashion is rising amongst celebrity clients, not everyone is qualified to physically handle these pieces. John Shearer/WireImage/Getty ImagesFashion’s rat raceBut if these one-of-a-kind pieces are so fragile, and the method of their conservation so exact, how do celebrities even get their hands on them?
Persons: CNN —, Miley Cyrus, Laverne Cox, Olivia Rodrigo, Bob Mackie, , Vanessa Friedman, Cardi, Margot Robbie, Jennifer Lawrence, Mugler, Givenchy —, That’s, Kim Kardashian, Marilyn Monroe’s, Emily Ratajkowski, Versace, Zendaya, Givenchy, Kendall Jenner, Kendall Jenner's, Jamie McCarthy, Renée Zellweger, Jean Dessès, Julia Roberts, “ Erin Brockovich, Erin Walsh, Anne Hathaway, Selena Gomez, Sarah Jessica Parker, WWD, Wiktor, ” Adrian Corsin, Law Roach, Jean, Jacques Urcun, Marion Bourdée, Adrian, Julie Ann Clauss, Tom Ford, Calvin Klein, Marc Jacobs, Carolina Herrera, , John Shearer, Kylie, ” Jenner, Thierry Mugler, Couturissime, ” Bourdée, Kylie Jenner, Ripley’s, ” Mugler, won’t, Walsh, ” Erin Walsh, Valentino, Karwai Tang, We’re, Kendall, ” Corsin, hasn’t Organizations: CNN, New York Times, Givenchy, London, Publishing, Brooklyn, International Council of Museums, , New York, Hollywood, SAG, Vogue Locations: Zendaya, London, France, LA, Mugler, New York, , , New
The pandemic spurred a "massive spike" in yacht sales, said Richard Allen, chief operating officer of the Hong Kong-based yachting company Simpson Marine. "We've seen a lot of those people, that had their boats for two years, sort of now wanting to travel," he told CNBC. Prices in the pre-owned marketEnthusiasm for yachting remains high, even if sales have fallen since 2021, said Casani. Casani and Allen, who spoke to CNBC on April 26 while attending the second annual Singapore Yachting Festival, agreed that the continent's yachting market is growing. "We need to do a lot of lobbying with governments to make it easier to import boats," said Allen.
Persons: Richard Allen, we've, Paolo Casani, Allen —, Allen, Casani Organizations: Simpson, CNBC, Singapore Yachting Festival, International Council of Marine Industry Associations Locations: Hong Kong, Monaco, Asia, Singapore, Indonesia, Philippines, Vietnam
Tesla shares fell nearly 6% on Tuesday following news that CEO Elon Musk was pressing ahead with more job cuts at Tesla , impacting an estimated 500 employees in its Supercharger team. In the email, Musk also expressed consternation that Tesla management hadn't thinned out the company's staff more promptly at his direction. Other laid-off Tesla employees posted publicly about Tesla shrinking the Supercharger team. In cutting that group, Tesla revealed it's throttling the expansion of its Supercharger network in the U.S. The move comes after Tesla struck partnerships with Ford , GM and other industry players ensuring they would manufacture cars using the Tesla NACS (North American Charging Standard) for compatibility with Tesla charging stations, and allowing those companies' customers to use Tesla stations.
Persons: Tesla, Elon Musk, Musk, Rebecca Tinucci, Daniel Ho, Andres Pinter, Pinter, Junheng Li Organizations: EV, CNBC, U.S, Ford, GM, Tesla, U.S . Transportation, Clean Transportation, Baidu, Warren Capital Locations: Tesla, California, United States, U.S, China
World leaders are gathering in Ottawa, Ontario, this week to hash out a global treaty to end plastic pollution. This story is available exclusively to Business Insider subscribers. AdvertisementHundreds of businesses and countries support cutting plastic production. Lin represents the Business Coalition for a Global Plastics Treaty, which includes more than 200 companies. Cutting plastic production would also hit the bottom line of oil majors such as Exxon.
Persons: Carroll Muffett, Jose Fernandez, Biden, Allison Lin, Lin, Stewart Harris, Harris, Neil Nathan, Nathan, He's Organizations: Service, Business, Center for International Environmental Law, Organization for Economic Co, Lawrence Berkeley National Laboratory, State Department, Mars Inc, Business Coalition, Global Plastics, Walmart, PepsiCo, International Council of Chemical Association, Oxford Economics, Exxon, The International Energy Agency, UC Santa Barbara, US Locations: Ottawa , Ontario, Russia, Iran, Saudi Arabia, Washington, DC, Paris, Ottawa, Belgium
Why hybrid sales surge as EV sales flatten
  + stars: | 2024-04-04 | by ( Robert Ferris | In | ) www.cnbc.com   time to read: +3 min
After years of being overshadowed by flashy electric vehicles from Tesla and others, the hybrid — a gas sipper that has both an engine and an electric motor — is back in the spotlight. Hybrid sales grew five times faster than EV sales in February 2024, according to Morgan Stanley. But soon after that, Tesla sparked EV mania with its sleek, quick electric Roadster and Model S, shoving the hybrid to the margins. About two years later, sales of hybrids and plug-ins increased nearly 28% over the previous year. Toyota is not the only one capitalizing on hybrid sales.
Persons: Edmunds, Morgan Stanley, Tesla, Ford, Mary Barra Organizations: EV, Toyota Prius, Hollywood, Toyota, Lexus, Hyundai, General Motors, International Council, Clean Transportation Locations: Tesla, U.S, Edmunds, Georgia, North America
CNN —There is nothing subtle about the world’s largest cruise ship. The commotion brought traffic to a halt along the causeway to Miami Beach that parallels the cruise ship channel. Icon of the Seas’ list of superlatives and firsts is longFinding time to fit in everything onboard Icon of the Seas promises to keep passengers busy. A Royal Caribbean spokesperson said Icon of the Seas is 24% more energy efficient than required for ships designed today. Royal Caribbean International is clearly pitching Icon of the Seas to a market that goes beyond cruising.
Persons: Lionel Messi, , Hurricane Hunter, Oz, Bryan Comer, Comer, Colleen McDaniel, McDaniels, ” McDaniels, Michael Verdure, Rob Clabbers, Q, ” Clabbers, Wagyu, Michael Bayley, ” Bayley, Jay Schneider, Royal, , , ’ ” Schneider, Terry Ward Organizations: CNN, Port, Hurricane, Storm, Royal, The International Council, Clean Transportation, Royal Caribbean International, Cruise, CNN Travel, Seas, Star, Royal Caribbean Locations: Port of Miami, Turku, Finland, Miami Beach, Argentine, Miami, Eastern Caribbean, Sedona , Arizona, Royal Caribbean, Florida’s Port Canaveral, Orlando, Chicago, Izumi, Caribbean, Vegas, Florida, Tampa
Love them or loathe them, giant cruise ships are among the most remarkable success stories of the mass tourism age. Rechristened the Mardi Gras, the first Carnival cruise ship sailed out of Miami that March. Cruise ships like the Icon of the Seas will spend the majority of their trip at sea. Eight years later, cruise ships such as the Diamond Princess became early incubators for COVID-19. Cruise Market Watch forecasts there will be 360 cruise ships in service at the end of this year, comprising less than 1% of the global commercial fleet.
Persons: Ted Arison, Arison, Pieter De Boer, Costa, Diamond, Aaron Saunders, We've, Sue Bryant, Z, sass, Emma Le Teace, YouTuber, David Foster Wallace, Harper's, Sarah Knorr, Bryan Comer, Karla Hart, Hart, Saunders, it's, Henry Wismayer Organizations: Port, Passengers, Mardi Gras, Mardi, Gras, Cruise, Royal Caribbean, Costa Concordia, Cruise Lines International Association, Broadway, CivicScience, Royal, Virgin, Business, Transport & Environment, Getty, International Council, Global Cruise, Global Cruise Activist Network, Cruise Market, Royal Caribbean International, New York Times, National Geographic, Financial Times Locations: Port of Miami, Caribbean, Miami, The Port, Tuscany, Italy, Royal Caribbean, TikTok, Panama, Bahamas, Brussels, Netherlands, Douarnenez, Venice, Dubrovnik, Croatia, Amsterdam, Juneau , Alaska, Skagway , Alaska, CocoCay, London
Arriving, you quickly and easily attach the motor to a dinghy or rowing boat to make a short but peaceful journey to the main sailing boat. That's the picture Temo cofounder Justine Perussel paints when describing her company's electric motor technology. Founded in 2018 in Vannes, France, Temo just raised 6 million euros, around $6.5 million, to make electric alternatives to combustion engines for small boats such as dinghies, sailboats, and rowing boats. "The electric motor market is moving very fast – it's booming," Perussel said. Small crafts are typically used to get to and from larger sailing boats or are rented for recreational use on lakes, Perussel said.
Persons: Justine Perussel, Temo, Perussel, Organizations: Business, International Council of Marine Industry, One Ventures, Bpifrance, Partners Locations: Vannes, France, Europe, Italy, Spain, North America
Customers and investors are increasingly considering mining companies’ ESG performance. Photo: douglas magno/Agence France-Presse/Getty ImagesMining giant Anglo American is one of the companies that have been involved in developing the new mining standard. Anglo American itself commits to at least nine different mining standards and is part of 17 industry associations, which all have their own requirements. The LME has been consulted on the development of the new mining standard. For now, work continues on the new mining standard, with the four associations still discussing what it should look like and how it would be governed.
Persons: Cynthia Matonhodze, , , Tracey Kerr, douglas magno, Rebecca Campbell, ” Campbell, Campbell, Paul Hackett, Georgina Hallett, Yusuf Khan Organizations: Bloomberg, International Council, Mining, Metals, Gold Council, Mining Association of Canada, Miners, Business, Global Investor Commission, ING, Jubilee Metals Group, Hochschild, ” Mining, Agence France, Getty, White, London Metal Exchange, REUTERS Locations: Umguza, Zimbabwe, Dutch, Brazil, London, Brumadinho, American,
Biden sought to kickstart SAF production with a $1.25 per gallon production tax credit in the IRA. To be eligible for the credit, SAF producers must demonstrate their fuel is 50% lower in emissions than conventional jet fuel. The DOE spokesperson confirmed that ethanol producers must cut emissions of they want a long-term role in SAF production. Still, ethanol producers need carbon pipelines because many ethanol plants are not near geologically appropriate underground storage sites. Other options for reducing ethanol's carbon intensity include using renewable energy at ethanol plants, or climate-friendly farming practices for corn.
Persons: Tom Mihalek, Valero, Joe Biden's, Homer Bhullar, Biden, MARK, Barry Glickman, Nikita Pavlenko, Pavlenko, Leah Douglas, Laura Sanicola, David Gregorio Our Organizations: Eco Energy, REUTERS, Rights, SAF, U.S, Carbon Solutions, Valero Energy, U.S . Department of Energy, DOE, Honeywell, Biofuels, Growth Energy, Navigator, CCS, International Council, Clean Transportation, Thomson Locations: Philadelphia , Pennsylvania, U.S, Omaha, Iowa, Denver, Maine, North Dakota, South Dakota, Wolf's, Illinois
Kenya's President William Ruto called the treaty “the first domino” in a shift away from plastic pollution. The U.N. Intergovernmental Negotiating Committee on Plastic Pollution is charged with developing the first international, legally binding treaty on plastic pollution on land and at sea. Kenya is a global leader in fighting plastic pollution, and in 2017, the country banned the manufacture, sale and use of single-use plastic bags. Nonetheless, he said, it is evident that negotiations have moved beyond plastic waste and into addressing plastic production and toxic chemicals used to make plastic. “The focus is on ending plastic pollution, not plastic production," he said.
Persons: Gustavo Adolfo Meza, Cuadra Velasquez, William Ruto, ” Graham Forbes, ” Eirik Lindebjerg, Björn Beeler, haven't, IPEN, Chris Jahn, Karen McKee, Jahn, ___ McDermott Organizations: United Nations Environment, Global, reconvening, Intergovernmental, UNEP, Greenpeace, World Wildlife Fund, Plastics, Industry, International Council of Chemical Associations, ExxonMobil, Solutions Company, AP Locations: NAIROBI, Kenya, Kenya's, Nairobi, Paris, Punta del Este, Uruguay, Norway, Rwanda, Saudi Arabia, Iran, China, Russia, United States, Baytown , Texas, Baytown, Providence , Rhode Island
That position is opposed by the plastic industry and by oil and petrochemical exporters like Saudi Arabia, who want to see plastic use continue. They argue that the treaty should focus on recycling and reusing plastics, sometimes referred to in the talks as "circularity" in the plastics supply. In a submission ahead of this week's negotiations, Saudi Arabia said the root cause of plastic pollution was "inefficient management of waste." "The plastics agreement should be focused on ending plastic pollution, not plastic production," Kastner told Reuters in a statement. Countries will also be debating whether the treaty should set transparency standards for chemical use in plastics production.
Persons: Carlo Allegri, David Azoulay, Matthew Kastner, Kastner, Bjorn Beeler, Beeler, Christina Dixon, Valerie Volcovici, Katy Daigle, Aurora Ellis Organizations: United Nations, UN, REUTERS, Center for International Environmental, European Union, U.S . State Department, Reuters, The International Council of Chemical Associations, Network, Saudi, Environmental Investigation Agency, Thomson Locations: Manhattan, New York City , New York, U.S, Nairobi, Kenya, Japan, Canada, Saudi Arabia, United States
That position is opposed by the plastic industry and by oil and petrochemical exporters like Saudi Arabia, who want to see plastic use continue. They argue that the treaty should focus on recycling and reusing plastics, sometimes referred to in the talks as "circularity" in the plastics supply. In a submission ahead of this week's negotiations, Saudi Arabia said the root cause of plastic pollution was "inefficient management of waste." "The plastics agreement should be focused on ending plastic pollution, not plastic production," Kastner told Reuters in a statement. Countries will also be debating whether the treaty should set transparency standards for chemical use in plastics production.
Persons: Valerie Volcovici, David Azoulay, Matthew Kastner, Kastner, Bjorn Beeler, Beeler, Christina Dixon, Katy Daigle, Aurora Ellis Organizations: Center for International Environmental, UN, European Union, U.S . State Department, Reuters, The International Council of Chemical Associations, Network, Saudi, Environmental Investigation Agency Locations: Nairobi, Kenya, Japan, Canada, Saudi Arabia, United States, U.S
Three paintings by Paul Cézanne that a Swiss museum foundation said it had to sell to ward off insolvency fetched $52.5 million, with buyer’s fees, at a Christie’s auction in New York last night. Markus Stegmann, the director of the Museum Langmatt in Baden, said that after subtracting buyer’s fees, its parent foundation will reap 42.3 million Swiss francs from the sale of the three paintings, enough to keep the museum operating. The money will be used to create an endowment that will secure the museum’s future. It’s a relief.”The Foundation Langmatt’s decision to sell the Cézannes earned wide criticism before the auction. The Swiss branch of the International Council of Museums, which said the sale was a clear breach of its guidelines for de-accessioning from museum collections, called for the paintings to be withdrawn.
Persons: Paul Cézanne, Markus Stegmann, ” Stegmann, Organizations: International Council of Museums Locations: Swiss, New York, Baden
One of the Cézannes in particular, a still life titled “Fruits et pot de gingembre,” is a highlight of the Museum Langmatt in Baden, which houses a small collection of Impressionist works. The museum said it was financially necessary to sell the painting, and perhaps two others, to keep the foundation that owns it from insolvency. The still life is estimated to fetch $35 million to $55 million at an auction on Thursday at Christie’s in New York. “Bequests and donations come to museums because people think they will be safe,” said Bezzola, who argued the sale should be canceled. “All the important collections in Switzerland come from private donations and bequests, so this sends a terrible signal.”
Persons: Paul Cézanne, Tobia Bezzola, , Bezzola Organizations: International Council of Museums Locations: Swiss, Baden, Christie’s, New York, Switzerland
Old or vacant strip malls offer a promising opportunity to create much-needed new housing. A new report found that converting 10% of strip malls into housing could create 700,000 new homes. Urban planners and developers across the country are pushing a fix for both: converting strip malls into housing. But when it comes to strip mall conversions, finding the right property to redevelop is the bigger challenge. And older strip malls are often costlier to maintain than to tear down and redevelop.
Persons: , Ahmad Abu, Khalaf, It's Organizations: Service, Enterprise Community Partners, International Council of Shopping Centers, Sears Locations: Ahmad, Cities, Abu, Santa Ana , California, Irondequoit , New York
Last month the International Council on Monuments and Sites (ICOMOS), a UNESCO advisory body, issued a “heritage alert” for Jingu Gaien. Nishikawa believes that the commercial nature of the redevelopment “breaks the promise” of keeping the Jingu Gaien as a public space. Protesters gather for a demonstration at Meiji Jingu Gaien on September 15, 2023. Work commenced at the Meiji Jingu Gaien site in March. “They need to go back to the drawing board and use a much more democratic process to decide the future of Jingu Gaien.”
Persons: Hiroshi Ono, Meiji Jingu Gaien, , Emperor Meiji, Emperor Naruhito, Babe Ruth, Daniel Campisi, Jingu Gaien, Naoko Nishikawa, Nishikawa, Shinji Isoya, Gaien, CNN Shinji, Mitsui Fudosan, Hajime Funada, Meiji Jingu, Kiyotatsu Yamamoto, Rochelle Kopp, Jingu, Mikiko Ishikawa, Ishikawa, Kopp, ” Daniel Campisi, CNN Yamamoto, ” Kopp Organizations: Japan CNN, Tokyo, CNN, Chichibunomiya Rugby, Tokyo Metropolitan Government, Council, UNESCO, CNN Tokyo, Mitsui Fudosan, Japan’s, Protesters, Meiji, Liberal Democratic Party, University of Tokyo, Japan National, Co, World Cities Culture Forum, Properties, Locations: Tokyo, Japan, Meiji, Tokyo’s, Shinjuku, Minato, , New, New York, London
Hong Kong CNN —Daniel Zhang, the outgoing chairman and CEO of Alibaba, has stepped down from his position running the company’s cloud division in a surprise move announced just months after he assumed the pivotal role. Daniel Zhang, the then CEO of Alibaba, speaks at a conference in Shanghai in November 2022. Han Haidan/China News Service/Getty ImagesEddie Yongming Wu will succeed Zhang as acting chairman and CEO of its cloud unit, Alibaba said Monday. Significant restructuringIn March, Alibaba announced it would split into six separate units, including cloud, e-commerce, logistics, media and entertainment. Analysts said Zhang’s departure from the cloud business came as a surprise, but should not affect a potential IPO of the unit.
Persons: Hong Kong CNN — Daniel Zhang, Zhang, , “ Mr Zhang, Daniel Zhang, Han Haidan, Eddie Yongming Wu, Alibaba, Joseph C Tsai, Wu, Joe Tsai, Steven Ferdman, Tsai, , , ” Tsai, Jacob Cooke Organizations: Hong Kong CNN, ” Citi, Alibaba, China News Service, Cloud Intelligence Group, Paley International, Paley Museum, CNN, Brooklyn Nets, New York Liberty, South China Morning, Alibaba Group, Analysts Locations: China, Hong Kong, Shanghai, New York, Alibaba
[1/2] Visitors are seen at the fifth stage on the slopes of Mount Fuji, Japan's highest mountain 3,776 metres (12,388 ft), in Fujiyoshida, Japan, September 9, 2023. Mt Fuji, which straddles Yamanashi and Shizuoka prefectures in eastern Japan, has always been popular with local and overseas tourists. "It's uncontrollable and we fear that Mt Fuji will soon become so unattractive, nobody would want to climb it," he said. Mt Fuji was listed as a UNESCO World Heritage site 10 years ago, further boosting its popularity. "Any Japanese person would want to climb Mt Fuji at least once in their life," said 62-year-old Jun Shibazaki, who arrived on a tour.
Persons: Mariko Katsumura, Masatake Izumi, Shibazaki, Chang, Ran Kim, Michael Perry Organizations: REUTERS, Mt Fuji, Mt, UNESCO, International Council, World Heritage, Thomson Locations: Mount, Fujiyoshida, Japan, Yamanashi, Shizuoka
[1/2] An aerial view shows Meiji Jingu Stadium and Chichibunomiya Rugby Stadium in Tokyo, Japan December 3, 2022. Rallies and petition drives have protested against the plan that will also tear down and replace the Meiji Jingu Stadium, built in 1926, which is now home to the Yakult Swallows team. The council and its national panel for Japan also called on Mitsui Fudosan and other developers to withdraw immediately. In June, the Mitsui Fudosan-led group launched a website for queries from the public, aiming to build "understanding and empathy" for the project. Reporting by Rocky Swift; Editing by Clarence FernandezOur Standards: The Thomson Reuters Trust Principles.
Persons: Babe Ruth, Lou Gehrig, Ryuichi Sakamoto, Haruki Murakami, Rocky Swift, Clarence Fernandez Organizations: Chichibunomiya Rugby, Kyodo, REUTERS, Rights, UNESCO, International Council, Mitsui Fudosan, Mitsui, Thomson Locations: Meiji, Tokyo, Japan, Jingu
[1/2] An aerial view shows Meiji Jingu Stadium and Chichibunomiya Rugby Stadium in Tokyo, Japan December 3, 2022. The U.N. cultural agency's panel, the International Council on Monuments and Sites (ICOMOS), urged the government to review the plan. Rallies and petition drives have also voiced opposition to the plan, which includes the demolition and replacement of the Meiji Jingu Stadium, built in 1926, and now home to the Yakult Swallows team. Ruth, Gehrig and five other baseball Hall of Fame inductees were part of an All American team that played at Meiji Jingu Stadium during their barnstorming Japanese tour. In June, the Mitsui Fudosan-led group of developers launched a website for queries from the public, aiming to build "understanding and empathy" for the project.
Persons: Babe Ruth, Lou Gehrig, Mitsui Fudosan, Ryuichi Sakamoto, Haruki Murakami, Yuriko Koike, ICOMOS, Ruth, Gehrig, Rocky Swift, Clarence Fernandez, Robert Birsel Organizations: Chichibunomiya Rugby, Kyodo, REUTERS, Rights, UNESCO, International Council, Mitsui Fudosan, Mitsui, Meiji, of Fame, Thomson Locations: Meiji, Tokyo, Japan, Jingu
Decarbonisation in mining still a long way off
  + stars: | 2023-09-07 | by ( ) www.reuters.com   time to read: +3 min
Engineering student Mark Peirce from the School of Mines poses for a portrait in the college's experimental mine in Idaho Springs, Colorado, U.S., December 9, 2021. As metals are used across many different industries that serve customers across various geographies, it is difficult for mining companies to account for the whole supply chain. The International Council on Mining and Metals , whose members include around 25 mining companies, on Thursday published guidance for all mining companies on how to account and report their Scope 3 - or indirect - emissions "to try and answer the problem of patchy data to make companies report consistently," its CEO Rohitesh Dhawan said at the conference. Scope 1 refers to a company's direct emissions, Scope 2 to indirect emissions from purchased energy while Scope 3 refers to all other indirect emissions, for example from a company's third-party suppliers. Mining companies have set targets to decarbonise and mostly aim to reach net zero by 2040 and 2050, but some are struggling to keep up.
Persons: Mark Peirce, Kevin Mohatt, Virginia Dundas, Dundas, Rohitesh Dhawan, Rio, Adam Matthews, Clara Denina, Elaine Hardcastle Organizations: School of Mines, REUTERS, Reuters IMPACT, Council, Mining, Metals, Rio Tinto, Church of, Pensions, Thomson Locations: Idaho Springs , Colorado, U.S, Virginia, London
The mall as a retail concept is alive and well, with retailers pivoting to fit the demands of a digital age. A shopper carries retail bags while walking through a shopping mall in Columbus, Ohio, U.S., on Friday, Dec. 10, 2021. A socially conscious generation acutely aware of climate change, Gen Z is also more likely to support brands prioritizing sustainability. That in-store experience is so critical.”People stroll through a shopping mall in Foxborough, Massachusetts, on May 18, 2023. “There has been a rise in ‘experience-focused’ tenants in shopping malls that offer experiences like go-karting, trampolining, virtual reality, and arcades,” said ICSC vice president Stephanie​ Cegielski.
Persons: Coresight, , Deborah Weinswig, Brandon Isner, CBRE’s, Kirsten Lee, ” It’s, ” Coresight, Tal Yellin, Isner, Luke Sharrett, Stephen Yalof, Warby Parker, Allbirds, Al Drago, Lee, Gen, Gen Zers, Erin Clark, it’s, Stephanie ​ Cegielski, Covid, Organizations: New, New York CNN — Retail, Coresight Research, Retail Research, Brookfield Properties, , Simon Property Group, Taubman Centers “, Tanger Outlets, CNN, Bloomberg, Getty, Tanger, Washington , D.C, International Council of Shopping Centers, “ Social, Boston Globe Locations: New York, Americas, Brookfield, Nashville , Tennessee, Chelsea , New York, Columbus , Ohio, U.S, Georgetown, Washington ,, , Foxborough , Massachusetts
Robin Hood tariff could curb airline emissions
  + stars: | 2023-07-24 | by ( Hugo Dixon | ) www.reuters.com   time to read: +7 min
Nevertheless, aircraft are responsible for about 4% of global warming from carbon emissions and the vapour trails they leave behind in the sky. A more viable short-term option is to run planes on sustainable aviation fuels (SAF). The third option is to tax either the kerosene that airlines burn or the emissions they spew out into the atmosphere. So far only the EU, United Kingdom and some smaller countries are doing this via emissions trading schemes (ETS). To work, the plan would need to channel Robin Hood, the legendary English outlaw who stole from the rich to give to the poor.
Persons: Emmanuel Macron, Robin Hood, Peter Thal Larsen, Thomas Shum Organizations: Reuters, Aviation, Reuters Graphics Reuters, SAF, European Union, EU, Transport, FLYERS, International Civil Aviation Organisation, United Nations, ICAO, ETS, Airlines, Council, Clean Transportation, Thomson Locations: TINOS, GREECE, Europe, America, China, Greece, United Kingdom, United States
Many airlines, corporate fliers and governments see so-called sustainable aviation fuel, or SAF, as a way to reduce aviation’s contribution to global warming. It recently converted an oil refinery in California and is expanding its refineries in Singapore and Rotterdam. We worked on a former fossil-fuel refinery and converted that into a renewable refinery. The carbon footprint of aviation can be affected today from today’s SAF technology. It will continue to incentivize current SAF production, but it will be difficult to be the impetus for future production.
Persons: P, Chris Cooper, We’ve, we’ve, Neste, Dieter Holger Organizations: Aviation, International Energy Agency, International Council, Clean Transportation, SAF, Sustainable, Neste’s U.S, Airlines, International Air Transport Association, Neste, Bloomberg New Energy Finance Summit, Dallas Fort Worth International Airport, DHL, Amazon, Marathon Petroleum, Sustainable Business, today’s SAF, Air, dieter.holger Locations: California, Singapore, Rotterdam, U.S, Neste U.S, San Francisco, Dallas, City, Oakland, Air Canada, Alaska, American, Delta, Los Angeles, San Jose, Washington, York, New York, New Jersey, . Oregon
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