Fuzok http://fuzok.biz/ Sat, 25 Sep 2021 13:32:22 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 http://fuzok.biz/wp-content/uploads/2021/05/fuzok-icon-150x150.png Fuzok http://fuzok.biz/ 32 32 In Quad’s semiconductor bet against China, India stands to gain http://fuzok.biz/in-quads-semiconductor-bet-against-china-india-stands-to-gain/ http://fuzok.biz/in-quads-semiconductor-bet-against-china-india-stands-to-gain/#respond Sat, 25 Sep 2021 12:36:21 +0000 http://fuzok.biz/in-quads-semiconductor-bet-against-china-india-stands-to-gain/ Traditionally, the semiconductor supply chain has operated in the background, enabling everything from everyday devices and devices to advanced defense equipment. This complex and hyper-global supply chain worked so smoothly that it was taken for granted. This perception changed in a few months. First, semiconductors have become …]]> Narendra Modi In America “href =” https://www.news18.com/topics/narendra-modi-in-america/ “>

Traditionally, the semiconductor supply chain has operated in the background, enabling everything from everyday devices and devices to advanced defense equipment. This complex and hyper-global supply chain worked so smoothly that it was taken for granted.

This perception changed in a few months. First, semiconductors have become an area of ​​confrontation between the United States and China. And then the shock of demand for COVID-19 resulted in a severe shortage of chips in automobiles, medical devices, and other industries. And finally, fears of a Chinese takeover of Taiwan, which alone accounts for nearly 73% of global contract chip manufacturing, have prompted countries to seek alternatives. Thus, after having been on the margins of the technological policy agenda of several countries, semiconductors have become a priority area. It’s no wonder, then, that the Quad Summit’s first face-to-face meeting on September 24 had semiconductors on its agenda.

READ ALSO | With Boost to Manufacturing and FDI, India is the winner of Quad

What was discussed at the Quad Summit?

One of the outcomes of the very first Quad Summit meeting on March 12, 2021 was the creation of a Critical and Emerging Technologies (C&ET) Working Group. At the time, there was no common understanding of the technologies categorized as “critical” and “emerging”. The technological cooperation plan appeared too dispersed to allow concrete action.

Six months later, we have a much clearer picture. The Quad Leaders Summit identified four focus areas: 5G communications, collaboration on technical standards, biotechnology and semiconductors.

Regarding semiconductors, Quad launched an initiative to “map capacity, identify vulnerabilities and strengthen supply chain security for semiconductors and their vital components.” The summit information sheet adds that Quad’s partners should collectively support a diverse and competitive market for semiconductor production. The last sentence is significant: it signals a change in mentality from national indigenization to strategic cooperation. Here’s how.

As of 2015, China’s “Made in China 2025” – a state-led industrial policy for technology, including the indigenization of semiconductors – has destabilized many democracies. In response, these countries began to offer massive incentives and subsidies to attract local semiconductor manufacturing.

In February 2021, US President Biden signed an executive order to address the shortage. Earlier in April 2020, India launched its Production Incentive Program (PLI) to ‘attract’ investment in this sector. Then, in June 2021, Japan formulated a draft growth strategy promising generous financial incentives to advanced chip manufacturing facilities. Despite these initiatives, self-sufficiency in semiconductors remains a distant dream for all of these countries.

The complexity and costs of the semiconductor supply chain demand a global supply chain. Rapid improvements in the processing capabilities of our devices have occurred precisely because of a globally diverse semiconductor supply chain. This approach has allowed companies to specialize and excel in one or two stages of the supply chain, relying on companies from other countries for the remaining stages. Semiconductor Industry Association, an important voice of the industry, estimates that a typical semiconductor production process covers more than 4 countries, 3+ trips around the world, 25,000 miles traveled and 12 days in transit. To reverse the economic logic of comparative advantage, countries would have to continually divert scarce resources to build and support local semiconductor manufacturing.

This is why a multilateral approach such as Quad’s Semiconductor Supply Chain Initiative makes perfect sense. Instead of aiming for national self-sufficiency, Quad countries now seem to agree that they need to ensure redundancy in the global semiconductor ecosystem so that an adversary does not dominate it.

Multilateral strategic cooperation can achieve this goal. Using the existing comparative advantages of countries instead of duplicating them will lead to cost sharing and complement each other’s strengths to accelerate innovation.

It is in this respect that Quad is suitable for collaboration in the field of semiconductors. The United States is a world leader in the semiconductor design phase. American companies also dominate two key stages upstream of the design process: Electronic Design Automation (EDA) and Licensed Intellectual Property. Japanese companies occupy a dominant position in semiconductor materials and chemicals used in chip manufacturing. Japan is also the market leader in silicon wafers, the substrates on which integrated circuits (integrated circuits) are made. Australia occupies an important place in the wider electronic supply chain, as it has access to critical materials and advanced mining capabilities. Finally, semiconductor design requires a large number of skilled engineers, this is where India’s strength lies. Collectively, the Quad has most of the building blocks to make the semiconductor supply chain resilient and China-free.

READ ALSO | Prime Minister Narendra Modi’s big message to US industry: India is open for business

Is this supply chain initiative sufficient?

Supply chain vulnerability mapping should only be the first step in collaboration. The cluster can directly enhance the security of the supply chain in the following ways.

First, Quad can form a consortium to build a diverse semiconductor manufacturing base. The consortium could create a roadmap for new manufacturing facilities in Quad countries. The goal should be to collectively have access to manufacturing at the cutting edge nodes (5 nanometers and below) and the critical cutting edge nodes (45 nanometers and above). These will remain workhorses for automotive, communications (5G) and AI.

Second, Quad can sponsor new standard developments such as composite semiconductors and create a Center of Excellence (CoE) in each Quad country in an area of ​​immediate interest to them. For example, Australia could host the CoE for new materials in electronics, Japan could host the CoE for silicon manufacturing equipment, and the United States and India could host CoEs on architectures of specific factory-free design.

Third, Quad can facilitate strategic alliances between companies in their respective countries. For example, faster visa processing and lower barriers to employment for semiconductor professionals in Quad member countries could facilitate higher technology exchanges and joint levels of development. Removing restrictions on technology transfer could facilitate licensing abroad. The easing of capital flows in this sector could again encourage more joint development projects.

What is India gaining?

India is expected to use the Quad collaboration to get a Japanese or American company to manufacture semiconductor in India, even if it is at a peak node such as 65nm. Collaborating with partners would minimize the risk of failure while ensuring the defense of India’s defense and strategic interests.

Additionally, the AUKUS defense alliance has shown that the United States is willing to share sensitive technology with key partners, which it has not been willing to do in the past. This new technological alliance mentality should also become the norm at Quad. India should push the United States to lower investment barriers and reduce export controls.

Besides manufacturing integrated circuits, India is expected to double its core strength. In a report by the Takshashila Institution entitled The Indian Semiconductor Ecosystem: A SWOT Analysis, we observed that India has a clear advantage in semiconductor design. The next step should be to encourage the creation of indigenous intellectual property. The meeting of PM Modi with the CEO of Qualcomm is vital in this regard. With more and more multinationals moving their advanced semiconductor design to Indian offices, the Indian ecosystem will grow organically.

Finally, given India’s development challenges, its financial incentives for technological R&D are unlikely to match what richer countries can afford. In such a situation, India must take an allied approach to technological cooperation. To develop critical and emerging technologies, multilateral cooperation is a necessity, not a choice.

Pranay Kotasthane is Deputy Director of the Takshashila Institution. He co-edited India’s Marathon: Reshaping the Post-Pandemic World Order. The opinions expressed in this article are those of the author and do not represent the position of this publication.

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]]> http://fuzok.biz/in-quads-semiconductor-bet-against-china-india-stands-to-gain/feed/ 0 GOP Congressmen Raise Millions in Federal Loans for Personal Car Dealers http://fuzok.biz/gop-congressmen-raise-millions-in-federal-loans-for-personal-car-dealers/ http://fuzok.biz/gop-congressmen-raise-millions-in-federal-loans-for-personal-car-dealers/#respond Sat, 25 Sep 2021 12:23:00 +0000 http://fuzok.biz/gop-congressmen-raise-millions-in-federal-loans-for-personal-car-dealers/

While President Biden’s CARES Act has in many ways proven to be a lifeline for thousands of businesses struggling to stay afloat amid the COVID-19 crisis, the PPP loan program, coordinated by the Small Business Administration (SBA), has also been the subject of great controversy. , with many critics claiming its provisions have been abused by massive companies that hardly needed an extra boost.

In December, the New York Times reported that only 1% of businesses that have received federal COVID-19 relief have garnered more than a quarter of the total amount of loans disbursed. “The money,” the Times wrote, “has been unevenly shared, with the largest sums going to a section of businesses in need.” About 600 large companies received loans of up to $ 10 million. Even state-owned companies with huge cash reserves – like Ruth’s Chris, Shake Shack and AutoNation – have taken out PPP loans, casting doubt on the program’s ability to distribute aid fairly.

The program, however, suffered the worst reputation blow even months before this report, when it was revealed that dozens of lawmakers (and their families) received millions in loans for their own personal businesses, even when these same lawmakers may have had a hand. in writing the provisions of the program. To boot, some of these lawmakers opposed legislation that would have added to the transparency of the program, potentially allowing them to benefit from undue federal aid behind the curtain.

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From a mud report, at least 28 members of Congress (or their spouses) have benefited from some $ 27 million in small business loans. Some of these members include Reps Dean Phillips, D-Minn., Kevin Hern, R-Okla., Greg Pence, R-Ind., And Carol Miller, RW.Va.

One of these legislators, Representative Mike Kelly, R-Pa., Has received federal loans ranging from $ 150,000 to $ 350,000 for his various auto dealers, according to The Philadelphia Inquirer. Kelly, who vote “No” on the TRUTH Act – which would have required the SBA to disclose all PPP beneficiaries in addition to the amount of their loans – is linked to four companies that benefited from the program, including Mike Kelly Automotive Group Inc., Mike Kelly Automotive LP, Mike Kelly Hyundai Inc. and Kelly Chevrolet Cadillac.

A spokesperson for his office told the Inquirer that Kelly “is not involved in the day-to-day operations of his car dealerships and was not part of the discussions between the company and the PPP lender.” However, the Post Office Gazette find last July that he was still named president of Mike Kelly Hyundai, Mike Kelly Automotive and Kelly Chevrolet Cadillac on one of his recent House financial disclosures, with his wife reporting a Kelly Chevrolet Cadillac salary.

Kelly is the 39th richest member of Congress, according to a 2018 analysis by the non-partisan Center for Responsive Politics, with a net worth of $ 12.4 million.

Other lawmakers who have benefited from the PPP program include Representatives Roger Williams, R-Tex., And Vern Buchanan, R-Fla.

According to Sludge, Williams, who claims a net worth of $ 27.7 million, cashed more than $ 1.4 million for his JRW Corporation, worth $ 50 million in 2019. The Tory lawmaker also has garnered federal aid for its Roger Williams Chrysler Dodge Jeep dealership in North Texas. .

“I have not personally benefited from [the loan]”he told Fox Business Network last year.” I have hundreds of employees – they took advantage. “

Earlier that year, in March 2020, Williams painted a very different picture of government grants, story The Epoch Times that “a socialist wants you to get a check from the government … a capitalist wants you to get a check from where you work”.

Williams, who voted against the TRUTH Act, also came under scrutiny by the House Ethics Committee in 2016, when he hidden an ostensibly self-interested provision in President Obama’s Fixing America’s Surface Transportation Act. The article, which he himself authored, effectively guaranteed that his own dealerships would be able to circumvent a federal car rental ban under safety recalls.

Representative Buchanan, the third richest member of Congress in 2018, behaved similarly with his various car dealerships. Bradenton’s Herald reported that the Florida lawmaker, worth about $ 74 million, accepted loans totaling between $ 2.7 million and $ 7 million for three of his personal businesses. The biggest went to Sarasota Ford, its Sarasota-based car dealership in which it is said to have a $ 50 million stake.

Like Kelly, Buchanan downplayed the importance of federal aid, arguing that he does not handle the concessions himself. But many advocates of government accountability have speculated that Buchanan’s decision was an abuse of power.

While small businesses in Sarasota and Bradenton struggled to secure federal aid, Buchanan cut his line and secured a loan in the early days of the program – after the Trump administration exempted members of Congress from go through a normally mandatory ethics review before obtaining a loan ”, Sarah Guggenheimer, DCCC regional press officer, wrote.

Buchanan did not vote on the TRUTH. Its past campaign fundraising practices have been marred by accusations of corruption, as well as subsequent investigations by the Department of Justice, the FBI, the FEC and the House Ethics Committee.

During the administration of the program, which ended in May, there were no rules preventing federal lawmakers (or their families) from applying for a P3 loan, and no one explicitly claimed that those lawmakers had broken the laws.

However, “it certainly looks bad and it smells bad,” Aaron Scherb, spokesperson for Common Cause, Recount Fortune, suggesting that their participation in the program poses a significant conflict of interest. According to a Politico report since last year, Congress has not imposed any specific disclosure rules regarding PPP loans for its own members.

“There are probably several other cases of family and friends of public servants receiving bailout funds,” Craig Holman, lobbyist for Public Citizen’s Capitol Hill, echoed Roll Call. “However, the general lack of disclosure of most beneficiaries of PPP funds prevents the public from knowing all the legislators who have benefited from their legislative actions.”

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India-US relations are poised for a decade of transformation; QUAD leaders push for a rules-based Indo-Pacific http://fuzok.biz/india-us-relations-are-poised-for-a-decade-of-transformation-quad-leaders-push-for-a-rules-based-indo-pacific/ http://fuzok.biz/india-us-relations-are-poised-for-a-decade-of-transformation-quad-leaders-push-for-a-rules-based-indo-pacific/#respond Sat, 25 Sep 2021 07:47:00 +0000 http://fuzok.biz/india-us-relations-are-poised-for-a-decade-of-transformation-quad-leaders-push-for-a-rules-based-indo-pacific/ President Joe Biden heads to the Quad Summit with, from left to right, Australian Prime Minister Scott Morrison, Indian Narendra Modi and Yoshihide Suga of Japan in the East Room of the White House on September 24 [Evan Vucci/AP Photo]

Prime Minister Narendra Modi and US President Joe Biden met for their first bilateral dialogue and this was followed by the first QUAD Leaders’ Summit in person, in Washington DC. A wide range of issues, including developments in Afghanistan, the fight against terrorism, COVID-19, defense cooperation and other matters of mutual interest were on the agenda of the talks between the two leaders.

“Together we can make a difference on a global scale,” Prime Minister Modi said in his talks with the American leader. This is PM Modi’s 7th visit to the United States after taking office in 2014.

He also told President Biden that under his leadership the seeds were sown for deeper and stronger Indo-American relations.

The transformation of Indo-US will be based on six pillars including: trade; Technology; Guardianship of the environment for future generations; talent of people on both sides; a tradition based on the tradition and democratic values ​​of the two countries; and finally trust because it is a partnership of trust.

The objective of the bilateral meeting between Prime Minister Narendra Modi and US President Joe Biden was the fight against terrorism.

According to sources, “the pernicious role played by Pakistan in Afghanistan, and therefore the need for the international community to be aware of it, has resonated with American interlocutors”.

Prior to the talks in Washington DC, the two countries had signed a memorandum of understanding on customs cooperation and another memorandum of understanding on health cooperation was finalized. This should be inked soon and it will facilitate cooperation in biomedical sciences and in the field of health.

The two sides agreed during the talks that the next round of sectoral dialogues will take place soon. Dates are being worked out for the next cycle of the Defense Policy Group; Health Dialogue and Trade Policy Forum (these will be at ministerial level); Dialogue on internal security; the Joint Counter-Terrorism Working Group; and Nomination Dialogue.

According to a joint statement released after the bilateral meeting, the inaugural summit meeting of the Industrial Security Agreement is expected to take place soon. This agreement signed between the two countries should facilitate high-end defense industrial collaboration.

The recent announcement of the co-development of unmanned aerial vehicles (UAVs) under the Defense Technology and Trade Initiative was welcomed during the talks. And the two leaders urged the government and private stakeholders to use the existing ecosystems of innovation and entrepreneurship in defense industries, as this would be helpful in developing mutual defense trade as well as co-development and co-production.

The two countries are also developing counterterrorism technologies and are in the process of finalizing a bilateral framework. This cadre is formed by the US-India Counter-Narcotics Working Group and would contribute to efforts to combat drug trafficking, illicit drug production, and precursor chemical supply chains.

Prime Minister Modi and US President Joe Biden called on the Taliban to comply with UNSCR 2593 (2021). In this UN resolution, it is very clear that Afghan territory must not be used to threaten or attack a country or to harbor terrorists.

The two leaders agreed to provide humanitarian aid to Afghanistan and also called on the Taliban to allow safe, direct and unhindered access to the United Nations and its specialized agencies to carry out relief activities and provide assistance to the people. internally displaced.

Key takeaways from the QUAD summit

QUAD executives agreed to launch a semiconductor supply chain initiative; Support the deployment and diversification of 5G; Launch a Quad Senior Cyber ​​Group; Share satellite data to protect the Earth and its waters; and launch the Quad scholarship which will sponsor 100 students per year

Sources said that as part of the QUAD vaccine cooperation, all member countries welcomed India’s decision to resume vaccine exports from October. And continuing the initiative, it was noted that by October 2021, Biological E would produce 1 million doses of the Janssen vaccine. And 50 percent of the first shipment will be funded by India.

Prime Minister Modi was granted the seniority due to him and was asked to arrive last and first to leave at the top of the QUAD leadership. And, the US president referred to and amplified Prime Minister Modi’s comments, sources said.

At the end of the summit, members adopted a document on the Quad Principles on Critical and Emerging Technologies.

The summit was structured around four main themes: climate; Technology and cybersecurity; COVID-19 response; Afghanistan and regional security.

Indo-Pacific region

All QUAD members at the end of the summit pledged to ensure a “free” and “inclusive” Indo-Pacific. To cope with China’s growing presence in the region, the four member countries have agreed on an inclusive and resilient region.

In a joint statement released at the end of the meeting, the leaders of India, Japan, the United States and Australia expressed their commitment to providing a rules-based order anchored in international law. This would help strengthen the security and prosperity of the region.

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International shopping brands are banking on the city’s future http://fuzok.biz/international-shopping-brands-are-banking-on-the-citys-future/ http://fuzok.biz/international-shopping-brands-are-banking-on-the-citys-future/#respond Sat, 25 Sep 2021 06:17:00 +0000 http://fuzok.biz/international-shopping-brands-are-banking-on-the-citys-future/

New store openings and original retail formats further strengthen Shanghai’s position as a shopping landmark.

Mainstream brands are encouraged by favorable buying sentiment, while the China International Import Expo continues to be an important window for brand debut.

Shiseido’s luxury brand THE GINZA opened its first store in China at the IFC Mall in Shanghai in September, after making an appearance at CIIE last year.

The first outside of its home market, Japan, it is supported by changing demand for new skin care offerings and a dynamic purchasing environment.

International shopping brands are banking on the city's future

Ti Gong

Shiseido’s luxury brand THE GINZA opened its first store in China at the IFC Mall in Shanghai in September, after making an appearance at CIIE last year.

Valentino Beauty of the L’Oréal Group, also coming to China for the first time via the CIIE, in July opened its flagship online store on Tmall, presenting its haute couture make-up segment.

Retailers are taking note of the booming beauty and skin care sector, which saw an annual increase in sales of 9.5% last year, compared to an overall drop of 3.9% for spending on consumer goods.

In the first half of this year, a total of 513 brands and retailers debuted in Shanghai, and the number of premier stores and flagship stores continued to rank first among national cities.

About 15% of these openings are made by foreign brands, with Japan, the United States, France and South Korea being the main countries.

Total new store openings are expected to reach 1,000 by the end of this year, as Shanghai prepares to become a global consumer pioneer and a premier destination for global debuts.

Shanghai is already home to the headquarters of around 60 multinational skin care and beauty products, and has also attracted research facilities of various sizes and functions.

The Shanghai Commerce Commission has set a target for retail sales of consumer goods in the city to reach more than 1.8 trillion yuan ($ 277 billion) annually by 2023, while the figure of ‘online shopping business is expected to exceed 1.6 trillion yuan.

Shanghai’s latest action plan aims to accelerate the development of the international consumer hub, an important part of the city’s efforts to transform the pattern of economic growth and meet people’s aspirations for a better life.

International shopping brands are banking on the city's future

Ding Yining / BRILLIANCE

The perfumes of Tamburins are exhibited in Shanghai. Previously only available on overseas shopping sites and online stores, they are now featured in the latest HAUS Shanghai shopping and art space on Huaihai Road Middle.

Fans of fashion and alternative shopping experience will be delighted to read that the first physical Tamburins store is now open in the latest HAUS Shanghai shopping and art space on Huaihai Road M.

Tamburins hand creams and perfumes were previously only available on foreign shopping sites and online stores.

The four-story building on Huaihai Road M. is the new home of the concept store, the first of its kind outside its home country of South Korea, which brings together art installations, decorative elements of cyberspace, food and drink as well as fashionable clothing under one roof. roof.

Along with the Gentle Monster eyewear lines, it will also host the country’s first Tamburins flagship store and the NUDAKE dessert and drink offering on the ground floor.

The company credits the city’s reputation as an international fashion design hub as an important factor in establishing the new store.

“Haus Shanghai is a bold try for the next generation retail space, and China remains a very important market for us,” added Hankook Kim, Founder and CEO of Gentle Monster.

Following the opening of the first Gentle Monster store in Shanghai in 2016, the enhanced store format houses an immersive perfume experimental space.

Alibaba’s cross-border import business, Tmall Global, has seen more than 200 new brands of import fragrances and fragrances launch their presence in the online marketplace over the past year, with sales increasing by more than by 70%. Cumulative sales of salon fragrances since the start of this year have more than doubled.

According to a latest Mintel study, perfume spending in China is expected to increase by 17% per year and reach 15.4 billion yuan in sales by 2025.

Li Yumei, deputy research director of China Beauty and Personal Care at Mintel, said perfume is an essential category for meeting consumers’ emotional demands and reflecting individual tastes.

“Brands use as many sensory, visual and audio formats to appeal to buyers,” she noted.

International shopping brands are banking on the city's future

Ti Gong

Skin care products are on display at the recently opened Sam’s Club in the Pudong New Area, which was the world’s largest in terms of floor space.

The opening of a Sam’s Club flagship store in the Pudong New Area is the latest testament to Shanghai’s rapid adoption of new retail formats. Local authorities have also actively responded to link consumer demand for a new shopping experience and original retailer offerings.

The 70,000 square meter complex is home to the world’s largest Sam’s Club in terms of floor space, and it also has the largest Sam’s Club dining room in China.

It only took 16 months from the start of construction to the official unveiling of the pay store, which normally takes two to three years.

Two additional new openings in Shanghai are already planned for next year, said Andrew Miles, president of Sam’s Club China.

Christina Zhu, President and CEO of Walmart China, added, “The Waigaoqiao bonded area provides a convenient environment for our imported products.”

The flagship store welcomes more than 100 products available to Chinese buyers for the first time. It will be a testing ground for original products and will also provide the latest interactive opportunities for buyers.

Miles noted, “A spacious shopping area, rich experience and rich events are important factors for us when setting up a physical presence.”

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10 negative things anime creators said about anime http://fuzok.biz/10-negative-things-anime-creators-said-about-anime/ http://fuzok.biz/10-negative-things-anime-creators-said-about-anime/#respond Fri, 24 Sep 2021 23:30:00 +0000 http://fuzok.biz/10-negative-things-anime-creators-said-about-anime/

Anime culture can be fun and exciting, but the same can’t be said for what goes on behind the scenes. The anime industry is infamous for a lot of wrongdoing, and those who work there are the media’s toughest critics.

RELATED: 10 Anime Where Everyone Dies

From rookie animators to prolific directors, those who create cartoons haven’t always had great things to say about their craft. Where some gripes are rooted in industry flaws, others have challenged what anime allows and stands for.

ten Takashi Watanabe was frustrated by the industry’s lack of urgency in the event of a pandemic

Takashi Watanabe and how the realistic hero rebuilt the kingdom

In a very literal sense, the COVID-19 pandemic has brought the world to a halt. Countless businesses and industries have been forced to take indefinite hiatus or shut down altogether, but animation studios were apparently the exception. Watanabe, the director of the latest fantasy anime isekai How a realistic hero rebuilt the kingdom, was understandably exasperated by this.

In a Tweet, Watanabe revealed that the studios are still operating as usual. An anonymous studio even went into lockdown following a COVID cluster, but imposed a gag order on its staff instead of making a public announcement. Watanabe even expressed his fear of the infection, wondering aloud why the industry wouldn’t take a break for the sake of its workers.

9 Many hosts called streaming services’ unreasonably low budgets and salaries

Disney + and Netflix are quickly becoming major players in the anime scene, as evidenced by the large number of upcoming collaborations they have with major anime studios. While these shows cost and make millions, if not billions of dollars, the hosts who actually make them see barely a dime.

Many hosts have denounced the practice online, accusing Netflix of having set a precedent. Facilitators like Ippei Ichii from MAPPA, Joan Chung from Science SARU (who worked on Star Wars: Visions), freelance writer Zayd and others disliked the way Netflix encouraged Japanese crunch culture and low wages by ordering many shows on low budgets, despite having more than enough money to well paid.

8 Mushiyo compared the work at MAPPA to that of a factory

Reiner takes on Eren in Attack on Titan in final season

MAPPA is considered one of the best studios in operation today, thanks to its spectacular fight scenes and staging. As an example, the hype for Man with chainsaw skyrocketed after a single glimpse. However, fans were taken aback when it was revealed that these great animation feats apparently came at the expense of the health of the production teams.

RELATED: Attack On Titan: The 10 Most Useless Heroes, Ranked

Before the shock Attack on Titan: The Final Season created, animators like Mushiyo compared the work on the finale to a heartless factory. Mushiyo criticized MAPPA for taking four shows instead of focusing on what he could handle, saying new hosts were forced to work long hours for next to nothing.

7 Madhouse employee sued studio over unbearable working conditions

Saitama and Genos prepare in a punch

In recent years, Madhouse (the studio responsible for fan favorite anime like Man with a fist), his reputation plunged after his system of overwork and unethical work practices were made public. Sadly, it’s no secret that Madhouse fostered an abusive culture of excessive work and unpaid overtime, which got so bad that a production assistant sued the studio.

In 2019, the anonymous employee sued Madhouse for compensation for his hospitalization caused by working nearly 393 hours per month. Although he was paid and had more lax hours, other Madhouse staff say the studio only changed its policies for this employee and not for the entire workforce. work just to end the trial.

6 Osamu Yamasaki believes anime industry is in urgent need of reform

Osamu Yamasaki and towards the terra

In 2017, PA Works sparked controversy when one of its hosts revealed that, among other things, the studio was charging intermediaries “office fees”. Yamasaki, the director of Towards the Terra and the pro-animator group Japanese Animation Creators Association, confirmed these realities in an interview with Business Journal.

Yamasaki indicated that the industry’s habit of underpaying young animators is a self-defeating cost-cutting measure, as it only justifies disillusioned newcomers who drop out early while leaving the industry in the hands of a rapidly aging minority. For this reason, Yamasaki believes that the industry must change now or face some fate.

5 Henry Thurlow blamed the industry’s problems on using the outdated Astro Boy business model

Henry Thurlow and Astro Boy

One of the worst ironies of the anime industry is that while it brings in billions of dollars in streaming sales, tickets and merchandising, those who make the shows hardly ever reap these financial rewards. Thurlow, the co-founder of D’ART Shatijo, expressed his frustration about it in a Vox interview, and partly blamed the classic anime Astro boy for that.

When Astro boy was made in the 60s, the anime had yet to inspire investor confidence. Osamu Tezuka got around this by selling the series at lower prices, promising to make a profit from various sales. The bet worked too well and it became the status quo of the industry. Thurlow is not the first to cite this problem, and he will not be the last.

4 Masao Maruyama thinks there are too many animators and too few animators

Masao Maruyama in an interview panel

Anime has never been as popular as it is today, with ever-growing demand quickly outpacing the number of shows and movies the industry can produce. Maruyama, Madhouse and Former President and Producer of MAPPA on The Likes of Hunter x hunter (2011), expressed concerns about this issue during a 2018 panel, where he said the industry faces its worst-case scenario.

For Maruyama, there are simply too many shows and movies in production considering the sheer numbers and the poverty of the workforce. Worse, the studios now favor quantity over quality. Studios were more concerned with having anyone able to draw regardless of skill level, which resulted in a drop in quality in terms of presentation and writing.

3 Hayao Miyazaki has no great things to say about the modern anime industry

Hayao Miyazaki works at his table

A few years ago, a snapshot of Studio Ghibli founder Miyazaki stating “The anime was a mistake. This is nothing but garbage” took the internet by storm. It was a fan edition, but Miyazaki’s feelings were right. In interviews and documentaries like The realm of dreams, Miyazaki lamented the current state of anime as an art, especially with the rise of 3D animation.

RELATED: 5 Ways Howl’s Moving Castle Is Studio Ghibli’s Best Movie (& 5 Ways It’s Castle In The Sky)

Miyazaki disliked the way the modern industry is made up of otaku whom he accused of being anti-social and self-centered, making them unable to convey the human experience through anime. Miyazaki’s hatred for modern digital animation hasn’t helped, as seen in the infamous clip of him saying that AI-generated animation is an insult to life itself.

2 Mamoru Hosoda is disgusted with the portrayal of women in cartoons

Mamoru Hosada with Belle posters

One of the harshest criticisms of the anime as a whole is its fixation on young girls to an almost fetishistic degree. Either these girls are too sexualized or they are put on a pedestal. Summer wars ” director agrees with that sentiment, especially the latter. In fact, he specifically cited a director many assumed to be Hayao Miyazaki.

In an interview at the 2021 Cannes Film Festival for Beautiful, Hosoda expressed his frustrations with a prominent anime director who continued to use overly responsible teenage heroines in his films. For Hosoda, said the director only glorified girls because he was not sure of himself. Moreover, he sees this as an extension of the problematic treatment and view of women in Japan.

1 Hideaki Anno inadvertently created Otaku culture and he hates it

Hideaki Anno at an Evangelion sign

In addition to using the eternally referenced Neon Genesis Evangelion to artistically come to terms with his depression, Anno created the show with otaku like him in mind. This is why, despite its dark sub-texts, evangelization resonated with otaku so much and turned the anime into a worldwide phenomenon. At one point, however, Anno regretted this.

As the production took its toll on her mental health, Anno became disillusioned with the otaku. This culminated in a bitter interview in 2012 at a tokusatsu exhibition, where he said he had given up on helping otaku overcome their immaturity. It’s more of a case of hard love than pure hate, however, as Anno wanted to help otaku face reality instead of diving deeper into escape.

NEXT: 10 Animated Study Characters Where The Character Comes Before The Plot

Gojo, Eren, Vegeta _ Irresponsible anime heroes

10 anime heroes who believe that with great power comes great irresponsibility

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Lawyers and Experts Recommend Reforms to Kansas’ Inadequate Payday Loan System http://fuzok.biz/lawyers-and-experts-recommend-reforms-to-kansas-inadequate-payday-loan-system/ http://fuzok.biz/lawyers-and-experts-recommend-reforms-to-kansas-inadequate-payday-loan-system/#respond Fri, 24 Sep 2021 22:32:29 +0000 http://fuzok.biz/lawyers-and-experts-recommend-reforms-to-kansas-inadequate-payday-loan-system/

TOPEKA – A consumer finance expert recommends that Kansas reform payday loans that could save consumers more than $ 25 million a year while maintaining access to credit.

These loans have come under criticism in states across the country, with some going so far as to ban them. The data suggests that while the majority of those who access these loans are white, African Americans are disproportionately affected.

TiJuana Hardwell, a community organizer in Wichita, shared her personal experience of the predatory nature of the current loan structure with the Kansas Commission on Racial Equity and Justice economic subcommittee on Thursday. She recalled that her mother found herself caught in a cycle of loans and repayments to support Hardwell and his six siblings after a divorce.

Every payday, after cashing her work check, her mother drove to pay off the loan, then immediately took out another loan to make sure they had enough money to live on. Sometimes she even took out loans from two lenders at the same time.

“When we talk about a system, it has to be dismantled,” Hardwell said. “It’s something that I willingly rally people around. I want to educate them. I also want to make sure these companies are accountable for how they offer these loans.”

A Kansas payday loan of $ 300 will often result in around $ 450 in fees for a total of $ 750, according to Pew Charitable Trusts. Long term loans have become increasingly popular in Kansas, but there is no limit to what lenders can charge.

Gabe Kravitz, consumer finance expert for Pew Charitable Trusts, said lines of credit for small amounts can be beneficial if properly structured, but in Kansas conventional payday loans do more harm than good. . He said the two-week loans offered by many lenders typically take a third of the borrower’s next paycheck and leave them in debt for an average of five months.

“Payday loan locations in Kansas are now about three times higher than in states that have updated their laws and heavily protected consumers,” Kravitz said. “They did this by demanding affordable installment loan structures, driving down prices and ensuring there were no unintended uses of state law or loopholes in the law. . “

Kravitz recommended that Kansas go down the Colorado path. There, lawmakers and stakeholders reached common ground by effectively banning the two-week payment and replacing it with a six-month installment loan with affordable payments.

Colorado has seen loan costs drop 42%. Ohio and Virginia have since followed a similar path, and reimbursement costs have fallen to 4% of the recipient’s next paycheck.

John Nave, executive vice president of the AFL-CIO of Kansas, said his organization has taken an interest in the issue because it affects union members as well.

“Even though a lot of them make a good living, they can also have financial problems in this area of ​​payday loans,” said Nave. “We have to push this really hard in the next session. “

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Doing Business in Indonesia | Global Law Group http://fuzok.biz/doing-business-in-indonesia-global-law-group/ http://fuzok.biz/doing-business-in-indonesia-global-law-group/#respond Fri, 24 Sep 2021 19:04:21 +0000 http://fuzok.biz/doing-business-in-indonesia-global-law-group/ [co-authors: Lia Alizia, Maria Sagrado, Vincent Lie, Frederick Simanuntak]*

1. What is the current business climate in your jurisdiction, including the main political, economic and / or legal activities on the horizon in your country that could have a significant impact on business?

Despite the current pandemic which has forced most sectors to work remotely, foreign investors are still investing in Indonesia, especially during this first quarter of 2021. In addition to acquisitions of e-commerce, fintech, mining, foundry, loans from Foreign institutions have also kept us quite busy this year.

The introduction of the Omnibus Law which amended 76 laws and is implemented under 49 government regulations and presidential decrees has affected Indonesia’s legal environment as they required existing clients to make certain changes to their documents. company and their business licenses. Opening up “previously restricted foreign investment” under the current list of positive investments has played a major role in attracting more investment to Indonesia. For example, some retail, distribution, logistics (freight forwarding) and some healthcare activities are now open to 100% foreign investment.

Foreign banks lending to Indonesian companies have also become active again. The company has helped banks provide financing for the development of mining and processing refineries in Indonesia. Some transactions have also led to restructuring.

2. In which countries do you see the most inward investment? What about outgoing?

Inward investment: China, Korea and Japan remain the main foreign investors in Indonesia. They can invest either directly or through their subsidiaries in different countries, such as Singapore. According to data provided by the Investment Coordination Board (BKPM) in the second quarter of 2021, most foreign investment in Indonesia came from Singapore, Hong Kong, China, Europe, South Korea, Japan and the United States.

Foreign investment: Indonesian investors are more likely to invest in Indonesia than in other countries. However, some large Indonesian companies also invest in other countries, such as Singapore, Philippines, Malaysia, China, etc.

3. In which sectors / industries do you see the most foreign investment opportunities?

In addition to mining and related activities, e-commerce, Software as Service (SaaS), retail, FinTech, and metals-related industries still appear to attract foreign investors.

4. What advantages and pitfalls should others know about doing business in your country?

Considering the size of the Indonesian population and its age range, e-commerce / SaaS and retail, for example, both have a huge potential market in Indonesia. The new regulations under the Omnibus Law are the government’s effort to make doing business in Indonesia easier. As part of these, the procedures for obtaining certain licenses and approvals have been simplified. However, some local / regional governments still impose different requirements for certain licenses, which creates some uncertainty.

5. What is a cultural fact or custom about your country that others should be aware of when doing business there?

There are many traditions and cultures in Indonesia in its vast archipelago. Indonesia has many different peoples and each of them has its own language and local customs. To know the Indonesian market, it is advisable to have a local partner to help you better understand the different cultures.

*Makarim & Taira S

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Global and Chinese Industrial Robot Servo Motor Market report 2021-2026 with 7 global companies and 10 Chinese companies http://fuzok.biz/global-and-chinese-industrial-robot-servo-motor-market-report-2021-2026-with-7-global-companies-and-10-chinese-companies/ http://fuzok.biz/global-and-chinese-industrial-robot-servo-motor-market-report-2021-2026-with-7-global-companies-and-10-chinese-companies/#respond Fri, 24 Sep 2021 16:15:00 +0000 http://fuzok.biz/global-and-chinese-industrial-robot-servo-motor-market-report-2021-2026-with-7-global-companies-and-10-chinese-companies/

DUBLIN, September 24, 2021 / PRNewswire / – The report “Global And China Industrial Robot Servo Motor Industry Report, 2021-2026” has been added to ResearchAndMarkets.com offer.

Research and Markets logo

It is expected that the new demand for industrial robot servomotors in China will reach 393,200 units in 2026, posting a CAGR of 4.3% between 2020 and 2026.

The spread of COVID-19 around the world in 2020, however, has seen all industries see the value of industrial robots. In 2020, around 211,100 industrial robot servomotors were used in China, 13.3% more than the previous year.

In the future, as industrial automation becomes an effective way for medium and large enterprises to maintain rapid growth, industrial robots, as the pearl of industrial automation, will be at the forefront through small investments. , fast returns and energy savings.

The automotive, steel, chemical and other sectors will continue industrial restructuring with the implementation of Made in China strategy, which will mitigate the overheating of investments and overcapacity in certain sectors. Downstream demand is expected to keep increasing steadily. It is the same for the servomotors of industrial robots.

In China, a large number of servomotor players are divided into three camps: Taiwanese and Japanese, European and American, and Chinese brands. Current markets for mid- and high-end servo motors China are monopolized by foreign companies, with imported products sweeping over 70% of from China industrial robot servomotors market.

European and American brands such as Siemens, Schneider and Bosch Rexroth remain competitive in high-end equipment and production lines because their products feature high overload capacity, good dynamic response and high driver opening, but with a high price, large size and heavy weight.

By focusing on cost-effective, high-reliability small and medium-power products that better meet the needs of Chinese users, Japanese brands like Panasonic, Yaskawa, Mitsubishi and Sanyo have built a stable and loyal customer base, with a share of over 50% of China Marlet. Taiwanese brands, typically Delta Electronics, with product performance close to their Japanese counterparts and prices varying between Chinese and Japanese products, are gaining ground in the low and mid-range markets, commanding around 10% of China Marlet.

Several Chinese brands are already developing servomotors for robots to replace imported ones more quickly, despite a delay in servomotor technology that targets low and mid-range markets. At the present stage, Chinese enterprises are able to produce very profitable low and mid-range servo motors in large quantities, meeting the demand for small and medium-sized and economical products.

Examples include Inovance Technology, Estun Automation, INVT, Wuhan Huazhong Numerical Control, and GSK CNC Equipment, all of which have mass-produced their servo motors and motors.

Although they have not yet provided the full range of power system options, just like Japanese brands, Chinese entry-level players such as Inovance Technology and Estun Automation have vigorously developed servo motors for robots, earning much more. place on the national servomotor market.

Global and China Industrial Robot Servo Motor Industry report, 2021-2026 highlights the following:

  • Industrial robot servomotors industry (definition, classification, industrial sector, etc.);

  • Global and China industrial robot markets (size, regional structure, product mix, competitive model, etc.);

  • Global Industrial Robot Servo Motors demand, business model etc. ;

  • China industrial robot servomotors and servomotors market (size, demand, product mix, company structure, etc.);

  • 7 global industrial robot servomotor companies (operation, industrial robot servomotor activities and development in China);

  • 10 Chinese industrial robot servo motor companies (operation, development strategy, etc.).

Main topics covered:

1. Industrial robot servo motor
1.1 Definition
1.2 Ranking
1.3 Servomotor VS Stepper Motor
1.4 Industrial robot servo motor system
1.4.1 Definition
1.4.2 Classification
1.4.3 Development history

2. Global and Chinese industrial robot industry
2.1 Global
2.1.1 Market size
2.1.2 Market structure
2.1.3 Competitive landscape
2.2 China
2.2.1 Policies
2.2.2 Market size
2.2.3 Market structure
2.2.4 Development potential
2.2.5 Competitive landscape

3. Global industrial robot servo motor
3.1 Basic components of the industrial robot
3.2 Actuator
3.2.1 Market demand
3.2.2 Regional structure
3.3 Industrial robot servomotor
3.3.1 Market size
3.3.2 Competitive landscape

4.China industrial robot servo motor
4.1 Overview
4.2 Industrial robot servo motor system
4.3 Industrial robot servomotor
4.3.1 Market size
4.3.2 Mixture of products
4.3.3 Competitive landscape

5. Global major manufacturers of industrial robot servo motors
5.1 Mitsubishi Electric
5.1.1 Profile
5.1.2 Operation
5.1.3 Income structure
5.1.4 Activity of industrial robot servomotors
5.1.5 Development in China
5.2 Yaskawa Electric Company
5.3 Electric Fuji
5.5 Lenze AG
5.6 Bosch Rexroth
5.7 ABB

6. Major manufacturers of industrial robot servo motors in China
6.1 Shenzhen Inovance Technology Co., Ltd. (300124)
6.1.1 Profile
6.1.2 Operation
6.1.3 Income structure
6.1.4 Gross margin
6.1.5 Activity of industrial robot servomotors
6.1.6 Development prospects
6.3 Wuhan Huazhong Numerical Control Co., Ltd (HNC)
6.4 Estun Automation Co., Ltd.
6.5 BCC
6.6 Leadshine Technology Co., Ltd.
6.7 GSK CNC Equipment Co., Ltd. (GSK)
6.8 Beijing Hollsys Electrical Technology. Co., Ltd.
6.9 Nanjing Suqiang Digital Control M&E Co., Ltd.
6.10 Zhejiang Zhong Yuan Electric Co., Ltd. (ZYEC)

7. Conclusion and prediction

For more information on this report, visit https://www.researchandmarkets.com/r/twqe02

Media contact:
Research and markets
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Global and Regional Medical Cargo Trucking Market Research Report 2021 http://fuzok.biz/global-and-regional-medical-cargo-trucking-market-research-report-2021/ http://fuzok.biz/global-and-regional-medical-cargo-trucking-market-research-report-2021/#respond Fri, 24 Sep 2021 15:15:13 +0000 http://fuzok.biz/global-and-regional-medical-cargo-trucking-market-research-report-2021/

The business intelligence report of Medical Freight Trucking Market lists all the important factors such as growth determinants, challenges and opportunities that govern the growth trajectory of the market during the forecast period.

According to the study, the medical freight trucking market size is expected to register a CAGR of XX% over 2021-2026 and is expected to register notable returns by the end of the analysis period. The predictions presented in the document are further verified through a detailed comparison of historical records and the current landscape.

Then, it provides a granular assessment of the strategies adopted by large companies to help new entrants, investors and other stakeholders formulate better contingency plans given changing business dynamics. In addition, the study meticulously examines market segmentation and offers valuable insight into key revenue prospects for the coming years.

Request a copy of this report @ https://www.nwdiamondnotes.com/request-sample/18987

Highlights of the Medical Freight Trucking Market Report:

  • Figures relating to sales volume, market size and total market revenue
  • Detailed overview of market trends
  • Elucidation of various growth opportunities
  • Statistical coverage of market growth rate
  • Highs and lows associated with the direct and indirect sales channel
  • Complete information on the main distributors, traders and resellers

Medical Freight Trucking Market Segments Included In The Report:

Market assessment at regional and national level

  • Reliable data on returns garnered, accumulated sales and market share captured by each region
  • Revenue and growth rate forecasts related to each regional market during the analysis period

Product line:

  • Land transportation
  • Maritime transport and air transport
  • Expected market share based on sales and revenue generated by each product segment
  • Price model for each type of product

Application spectrum:

  • Medication transport
  • Transportation of medical equipment
  • Transport of medical and other consumables
  • Sales volume and revenue generated by each application segment during the study period
  • Details of the prices of each type of product based on their scope of application

Competitive dashboard:

  • APMoller Maersk
  • Canadian National
  • Deutsche Bahn
  • Deutsche post
  • Express Lines Estes
  • FedEx Corporation
  • Kuehne + Nagel
  • Nippon Express
  • R + L carriers
  • Saia Motor freight line
  • SNCF Geodis
  • Chevalier-Vif
  • TNT Holding BV
  • UPS Freight
  • XPO Logistics
  • Yamato Holdings and YRC in the world

  • Basic details, manufacturing facilities and emerging competitors of listed companies are documented.
  • Enlist the products and services offered by each key player.
  • Statistics on sales, revenue, gross margins, pricing model and market share of each large company
  • SWOT analysis of each player
  • Detailed information on market concentration rate, rate to market, marketing strategies as well as other important aspects

Regional landscape:

  • North America (United States, Canada and Mexico)
  • Europe (Germany, France, United Kingdom, Russia, Italy and rest of Europe)
  • Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Australia)
  • South America (Brazil, Argentina, Colombia and the rest of South America)
  • Middle East and Africa (Saudi Arabia, United Arab Emirates, Egypt, South Africa and Rest of Middle East and Africa)

Highlights of the Medical Freight Trucking Market Report:

Market penetration: Comprehensive information about the product portfolios of the major players in the Supply Chain Analysis market.

Product Development / Innovation: Detailed information on upcoming technologies, R&D activities and product launches in the market

Competitive assessment: In-depth assessment of market strategies, geographic and business segments of key market players

Market development: Comprehensive information on emerging markets. This report analyzes the market for various segments across geographies

Market diversification: Comprehensive information on new products, untapped geographies, recent developments and investments in the Supply Chain Analysis Market

Key questions addressed in the report

What is the impact of Covid-19 on the Medical Freight Trucking Market?

What is the CAGR of this market during the forecast period 2021 to 2026?

How will the market develop until 2026?

Which large manufacturing companies dominate this market?

Which region will remain the most lucrative during the forecast period?

Request customization on this report @ https://www.nwdiamondnotes.com/request-for-customization/18987

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Asia’s road to net-zero could cost up to $ 12 trillion, report shows http://fuzok.biz/asias-road-to-net-zero-could-cost-up-to-12-trillion-report-shows/ http://fuzok.biz/asias-road-to-net-zero-could-cost-up-to-12-trillion-report-shows/#respond Fri, 24 Sep 2021 15:11:16 +0000 http://fuzok.biz/asias-road-to-net-zero-could-cost-up-to-12-trillion-report-shows/

According to Dutch bank ING, three of Asia’s largest economies would spend around $ 12 trillion to achieve net zero carbon emissions in their transport operations.

The bank said China, Japan and South Korea accounted for about two-thirds of all carbon dioxide emissions in Asia-Pacific and about one-third of global emissions.

The commitment of Japan and South Korea

(Photo: Pexels)

Japan and South Korea have pledged to achieve net zero carbon emissions by 2050, while China pledged to do so by 2060. Achieving net zero emissions requires phasing out more gas greenhouse effect than it produces.

According to Robert Carnell, director of Asia-Pacific research at ING and author of the report, the cost estimate of $ 12.4 trillion is “equivalent to more than 90% of China’s GDP in 2020”.

Power generation capacity

Renewable energy plant

(Photo: Getty Images)

He said it would cover the power generation capacity required by governments to supply new fleets of battery-powered electric cars, electrified rails, hydrogen trucks, sustainable aviation-powered planes and ships. burning ammonia.

He pointed out that the figure of $ 12.4 trillion did not include investments in infrastructure to replace existing car fleets, build electric vehicle charging stations or store new fuels.

According to ING, with the three countries’ transport systems accounting for up to 30% of total energy consumption, they will need to act quickly and implement sustainable solutions to achieve their goals.

Related article: ‘Reduce Carbon Emissions’, 300 Companies Urge President Biden

estimated cost

According to the bank, the cost of achieving net zero carbon emissions in transport will be reasonable if China, Japan and South Korea now begin their energy transformation process and spread their efforts over the next 30 to 40 years .

China is the world’s largest emitter of carbon dioxide, and achieving zero emissions will cost the country 11 trillion dollars – or “1.8% of GDP per year until 2060”, according to the study.

According to the China Renewable Energy Outlook 2020, automobile passenger transport in China is expected to more than quadruple to 450 million cars by 2050, up from 220 million in 2018.

China has experienced tremendous expansion in the field of electric cars, and according to ING, if the country adopts battery-powered rechargeable electric vehicles by 2060, the overall energy consumption of passenger vehicles could be significantly reduced. ‘by 2050.

According to ING, China’s shipping industry would require the most investment to achieve net zero carbon, with demand for ocean freight expected to rise to around 120% of current levels by 2060.

The price of carbon neutrality


(Photo: Pixabay.com)

However, achieving carbon neutrality would be difficult without replacing diesel and liquefied natural gas with green ammonia, which would result in a $ 3.7 billion increased costs and an additional 433 gigawatts of power generation capacity.

Japan and South Korea have chosen the year 2050 as their goal to achieve carbon neutrality.

According to ING, the transition to a net zero plan for the transport sector in Japan will cost 1000 billion dollars in the necessary power generation capacity. This equates to “around 20% of current Japanese GDP,” but it could drop to “0.6% of GDP per year” if extended by 2050.

Japan has made little progress in decarbonizing its economy, according to the study, with fossil fuels accounting for more than two-thirds of the country’s primary energy source. However, optimistically, this indicates that “Japan has a lot to reap in the transformation process, which promises rapid progress.”

According to ING, the overall green power capacity expenditure to convert South Korea’s transportation industry to a net zero carbon future will cost around 400 billion dollars over the next 30 years, or 0.6% of current GDP.

While the costs of changing countries’ transportation networks can be “extremely dismal”, it’s crucial to realize that “all of this spending will show up as GDP,” according to Carnell.

Also Read: Delayed Climate Action May Cause Massive Global Food Insecurity, Study Finds

For more information on environmental action, be sure to follow Nature World News!

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