Search Results for: Icelandic

There is broad consensus among energy and environmental experts that carbon capture and storage (CCS) systems built at commercial scale must play a key role if governments are to achieve their 2015 COP21 (Paris Agreement) ambitions for limiting carbon emissions. “All credible scenario modelling shows that CCS will be essential to meeting the targets set by the Paris Agreement”, commented a report co-ordinated by the International Association of Oil & Gas Producers (IOGP) for a European Gas Regulatory Forum meeting, staged last June (2019).…

A GERMAN fibre company is seeking to demonstrate how the cleansing and nourishing properties of seaweed can protect the skin of people wearing garments made from fibres embedded with this abundant ocean resource.

Sustainably-produced wellness fibres produced by Rudolstadt, Thuringia-based smartfiber AG have powdered organic seaweed mixed in during the production phase, helping the company create soft fabrics used in the manufacture of underwear and loungewear, baby and children’s clothes, footwear, home textiles, bedding, sport and lifestyle clothing ranges.…

THE INTERNATIONAL Cocoa Organisation (ICCO) has released an ambitious policy plan designed to steer the industry towards sustainability. Called the Berlin Declaration, having been released at the fourth World Cocoa Conference, of governments, farmers, traders, grinders, processors, manufacturers, researchers, trade unions, civil society organisations, trade unions, consumer organisations, it says higher farm gate prices should be paid.…

EUROPEAN Union (EU) food and drink exporters could be major beneficiaries of a revised EU-Mexico trade agreement which will remove almost all bilateral tariffs left by a year 2000 deal. Under a new agreement struck in principle, Mexican import duties on EU exports of cheeses, such as gorgonzola and roquefort, and pasta (of up to 20%), will be removed, along with duties on chocolate and confectionery, (that can exceed 20%).…

ICELAND airport operator Isavia has borrowed Icelandic Krona ISK12.5 billion (EUR100 million) from the European Investment Bank (EIB) to help finance renovations and capacity improvements at the country’s Keflavik International Airport. With the country experiencing a tourism boom, the airport processed 8.7 million passengers in 2017, up 28.3% on 2016, and is projected to receive nearly 10.5 million travellers in 2018.…

ICELAND airport operator Isavia has borrowed Icelandic Krona ISK12.5 billion (EUR100 million) from the European Investment Bank (EIB) to help finance renovations and capacity improvements at the country’s Keflavik International Airport. With the country experiencing a tourism boom, the airport processed 8.7 million passengers in 2017, up 28.3% on 2016, and is projected to receive nearly 10.5 million travellers in 2018.…

THE FINANCIAL Action Task Force (FATF) has told Iceland it must better coordinate its domestic authorities charged with anti-money laundering and combating the financing of terrorism (AML/CFT), strengthening its efforts to stem dirty money flows.

In a comprehensive review, the global AML body noted that while Icelandic financial regulators had been effective between 2008 and 2015 in cleaning up complex fraud and accounting cases surrounding its offshore sector’s 2008 banking collapse, this work “did not extend to anti-money laundering and counter terrorist financing…”

FATF’s detailed assessment argued that Icelandic authorities “have a fragmented understanding of AML/CFT risks, which is not used for further policy development”. …

ICELAND’S lamb farmers are turning to marketing promoting the unique nature of their meat product to help them cope with falling local meat prices caused by overproduction and declining exports. A spokesman for the Farmers’ Association of Iceland (Bændasamtök Íslands) said a new campaign to promote the unique taste of the country’s “short-tailed special breed of sheep” abroad could make the industry viable.…

THE PARIS conference of the parties to the United Nations Framework Convention on Climate Change (UNFCCC) last December, of COP21, made a commitment to create a carbon-neutral world between 2050 and 2100. This means that governments and international organisations must devise policies to ensure the amount of greenhouse gases emitted by human activity equals the amount that that trees, soil and oceans can absorb naturally preventing the build-up of CO2 in the atmosphere.…

Branded food manufacturers based in Britain face a risk that their exports to the European Union (EU) will attract duties now the UK government has confirmed it will push ahead with leaving the EU following the June 23 Brexit referendum result.…