Less CO2 through power plants EUEmissions trading paying off

Status: 06/17/2021 3:36 p.m.

The European emissions trading system had an impact last year. According to figures from the Federal Environment Agency, CO2 emissions in Germany’s power plants have fallen sharply. It looks different with industry.

From Martin Polansky, ARD capital studio

The German power plants emitted 15 percent less CO2 last year than in 2019. Coal power plants in particular were shut down. The energy sector and industry in this country have reduced their CO2 emissions by 33 percent since 2013. This is shown by current figures presented by the Federal Environment Agency (UBA).

According to the head of the German Emissions Trading Authority at UBA, Jürgen Landgrebe, European emissions trading has proven its worth. “The greenhouse gas emissions of the plants in Germany have fallen significantly.” Since 2018, the EU has decided to significantly strengthen its ambitions in European emissions trading. “And as a result, the markets reacted immediately,” said Landgrebe.

Significant price increases since 2018

Emissions trading is seen as a market-based instrument to reduce CO2 emissions. The system has existed since 2005. It ensures that around 1,800 power plants and industrial companies in Germany require emission certificates in order to be allowed to emit CO2.

The certificates are traded. The number of these decreases annually, which means that their price increases gradually. As a result, CO2 emissions are also becoming more and more expensive. While the certificate price was quite low for a long time, it has increased significantly since 2018 – to more than 50 euros per ton of CO2.

Gas-fired power plants and renewable energy systems have benefited from this, said the head of the emissions trading office. Last year, more than 45 percent of the gross electricity consumption in Germany was covered by renewable energies. “The aim is for us to price fossil fuels heavily so that renewable energies also become competitive more quickly,” said Landgrebe.

Weak effects in industry

Many market observers assume that emissions trading could lead to the shutdown of coal-fired power plants in this country much earlier than 2038. This end date was agreed a good two years ago in the so-called coal compromise between industry, environmental associations and trade unions. The federal government had largely adopted the compromise in the coal exit law. In industry, however, the effect of emissions trading has so far been less pronounced. Emissions have only fallen by around eight percent since 2013 – also due to the corona pandemic. In many cases there is a lack of marketable alternatives, for example for chemical plants or the steel industry. The latter is to switch from coke to hydrogen in the long term.

Help for retrofitting

The head of the German Emissions Trading Authority advocated increasing the pressure on industry. Fewer CO2 certificates should soon be issued. In addition, public aid is available for retrofitting. Landgrebe referred to the European innovation fund, which will provide approximately 20 billion euros for corresponding investments.

“The national decarbonisation fund is also providing around two billion euros to strongly promote such technologies and bring them to market readiness,” said Landgrebe.

Special taxes on industrial imports?

The steel industry and other sectors fear that European companies could suffer competitive disadvantages if the pressure to switch becomes too strong. The argument goes that climate protection does not benefit from steel coming more from India or China in the future.

In the European Union there are therefore considerations to impose special taxes on industrial imports from regions of the world with low climate standards in order to protect domestic industry. The EU Commission wants to present plans in July on how emissions trading can be used even more. On the one hand, consideration is being given to lowering the CO2 cap more quickly in order to meet the more ambitious European climate targets. On the other hand, certificate trading could be expanded to the areas of transport and buildings.

Surcharge at the gas station

In Germany, there has been a national CO2 pricing for fuel, heating oil and natural gas since the beginning of the year. However, this system is currently not based on a fixed CO2 cap, which is gradually being lowered, but on a price surcharge, for example at the petrol station – in the hope that people will use less fuel.

Similar to the issue of phasing out coal, European emissions trading could in the long run make the special national regulations superfluous in this country – if it proves to be the more efficient and market-compliant system for reducing CO2 emissions

Author | Cat Brother

Source | Big Cat Finance

To say that the industries that have been uncomfortable lately are all kinds of education and training institutions.

Some time ago, a large number of online education institutions, including New Oriental and Good Future, were not spared, and their stock prices collapsed one after another, and the worst fell. GSX (Gaotu, GOTU.US), at its worst, it has fallen 90% from the high point at the beginning of the year.

why?

All kinds of rectification, the boundaries are becoming clearer and more restrictive, and many businesses are basically impossible to do. As a result, major companies have started to lay off employees.

Sporadic news of layoffs broke out before, and some people who got the offer were notified that they were “not hiring” before joining the job. Various channels of school recruitment and social recruitment were drawn down, and there was a lot of rumors.

By the end of May and the beginning of June, news related to layoffs has completely entered a period of concentrated outbreak:

● Gaotu Group was blasted to lay off 30% of its employees, the early enlightenment project was abandoned, and the information flow and live broadcast business were shut down;

● Yuanjiao started to lay off newly recruited teachers. In June, it laid off 40% of new teachers, and in July, it laid off 10% of teachers in class. Its chalk public examinations laid off more than 7,000 staff. Zebra AI classes cancelled offers or delayed entry;

● In the K12 school section, the “0-to-normal” team, operations and products where the scope of job cuts are concentrated, some departments have been “one pot end”;

● ByteDance’s education business structure adjustment;

● Xueersi suspended recruitment in some cities…

Some company executives are outspoken, “This year’s summer job reduction in the entire industry may exceed 100,000.”

Of course, the news of layoffs will naturally not be claimed by each company. The xx gang even came out to refute the rumors, and the rhetoric is still the same, “this is normal personnel optimization and flow”, and the recruitment of key business talents is still continuing.

Ha ha.

Just forget about layoffs, but there are many ways to do it.

Some civilized companies will reveal some news in advance, and then hint that you can find new job opportunities, and then voluntarily leave; some companies directly offer “training exams” to “optimize.”

Some in-service employees of the xx help broke the news that the company conducted a “rescue” training for old employees, first training and then taking exams, but the exams continued training. Very few can “recover”, and those who fail to pass the exam voluntarily resign; “Recruits” require 200% of the performance to reach the standard, and will organize a written test, pass 80 points, and fail to leave.

Was laid off, but also questioned the ability , But the assessment content has a large area of ​​unregulated training content.

Anyway, in order to get you to leave, the company really used great power, In the final analysis, it is still a question of money.

Neither do they want to retain people nor lose money. When the “savvy” voluntarily resign, they can still have a “clean” back tone. For those “unsavvy”, some Hr are not merciless, and there is no compensation for layoffs, even He threatened that “the wages will not be paid, and the five insurances and one housing fund will not be paid.” If he has the ability, he will go to arbitration.

For these regular employees, they may be able to get money after all the hard work, but there are a few types of people who are the worst.

The first affected are those who have received an offer but have not yet joined the job , After all, the offer is not binding. As long as you haven’t joined the job, you don’t have to bear any responsibilities. Not only is the high salary that you promised is gone, but now the job is gone.

Unfortunately, there are fresh graduates Many people have received verbal offers or signed tripartite agreements. Under the temptation of “millions of annual salary”, they have been waiting to reach the pinnacle of their lives. Now the company has broken the contract, and the spring and autumn recruits have been missed. It is even harder to find a job without breaking the contract. The tripartite agreement is also required by the school.

In the past two days, Gao Tu said that fresh student tutors who have signed a tripartite offer can enter the job as normal, but Gaotu’s employees advise the younger students, if there is a pit, don’t jump. “If you have a chance, don’t come first, unless you think you can kill more than 50% of the people.”

Don’t look miserable now, Just half a year ago, online education was still a real “money and power stock.”

In recent years, online education has really been a big trend. After all, the cost of students during the holidays has risen year after year. The summer vacation, which was previously unaffordable by 30,000, has risen to 80,000. When the epidemic begins in 2020, various out-of-home projects cannot be realized. Education has become the only choice for parents.

Education is becoming more and more involuntary, and parents are becoming more and more anxious, which gives online education a lot of room for development.

From Good Future to 51talk to GSX, they went overseas to ring the bell. At the beginning of 2021, they basically reached the high point of the year. The market value of Good Future and GSX both exceeded RMB 200 billion.

And the remaining unicorns are also desperately financing, and then also attacked the capital market, According to the data from Tianyan Check, the total financing amount of the four online education unicorns has exceeded 35.1 billion U.S. dollars, or about 224.3 billion yuan since its establishment.

Strong financing skills, burning money even more.

Each institution focuses on the “famous teacher card”, because having a “famous teacher” means a source of students , So every family is very cheap in robbing teachers for listing. It is very obvious at this time who has the rich and powerful.

At the beginning of this year, online education was still an industry with a large talent gap. Recruitment at that time was still described as a “recruitment war”. The recruitment conditions were very good, with an annual salary of one million at every turn. The monthly salary of the socially recruited lecturers of some institutions can also be opened. To 50,000 to 80,000.

“Famous teachers” are hard to grab, so grab the fresh graduates and train them yourself. In order to grab the seedlings, the salary offered can be said to be amazing.

Gaotu Class has an A+ plan for 2019-2022 graduates. The lecturer has an annual salary of 600,000-1.2 million. Outstanding students can participate in holdings, and the salary is unlimited; Netease has a good autumn recruitment, high school large class lectures start at 500,000, K12 The minimum salary is between 400,000 and 1 million, and the outstanding ones will settle the Beijing hukou.

Even when high technology is craziest, I dare not give such a high salary.

Even for ordinary tutors, the monthly salary is more than ordinary, and some have received a high salary of 20,000 during the internship period. Online class teachers have become one of the most desirable professions for graduates of prestigious schools.

It’s just a pity that the positions that were scrambled in the first half of the year have not yet entered the second half of the year and have become the main targets of layoffs.

Hedong and Hexi, it only took half a year.

A chicken feather, whose pot is it?

have to say, Part of this industry is disabled by themselves.

Because the bubble in this industry is still too big. As mentioned earlier, the financing amount of the four unicorns exceeds 200 billion, and the data of iResearch Consulting shows that The market size of the online education industry in 2020 is only 257.3 billion , And the list of online education can already be pulled out of the “top 100 list”, so in order to grab the share, you can only burn money.

Anyway, investors pay the bill. As for whether the money is worthwhile, it has to be said otherwise.

There was a big joke a while ago. Four companies found a supplier when they were doing promotion, and the supplier was really not responsible. It didn’t matter if the actor was the teacher, but only one actor was found to play the teacher of the four companies. , This money is too easy to make.

The advertisement rolls over, you can imagine how well the goodness of the famous teachers in reality is broken The State Administration of Market Supervision couldn’t stand it anymore, and verified that they had “exaggerated marketing, false propaganda, and price fraud” and imposed top-level punishment.

Homework Gang and Yuanjiao’s fictitious teacher teaching experience, 13 institutions including New Oriental, Xueersi, One-to-One, Wall Street English, etc. have all been blacklisted due to price fraud.

That’s it, it’s already a rule, because the unruly ones have already run off. From 2019 to 2020, a large number of “students” and “one-on-one” have fallen, pitting parents with a large amount of tuition.

I thought it was a shuffle at that time, but I didn’t expect the big shuffle to really begin now, because the killer was coming.

At the end of May, the “double minus” came In order to alleviate the burden of students’ homework and off-campus training, we began to strictly regulate off-campus training institutions, and then there were rumors of the “three noes” that classes were not allowed on holidays, academic institutions were not allowed to go public, and education and training were not allowed to advertise. On the seven inches of the training institution.

While in The “Law on the Protection of Minors” that was implemented on Children’s Day eliminated the big cake of preschool children they wanted to share.

The bane has long been buried, and a wave of layoffs is inevitable.

Now, whether it is online education or laid off employees, they have to make a living separately.

At the shareholders’ meeting in Moutai, Guizhou on June 9, the “2020 Profit Distribution Plan” was voted and approved by shareholders, that is, a dividend of RMB 192.93 (tax included) for every 10 shares. A total of 24.235 billion yuan of profit will be distributed, and the dividend profit will hit a record high. According to the statistics of Kweichow Moutai, Kweichow Moutai has distributed a total of 121.4 billion yuan in dividends over the past 20 years, which is 61 times the amount of funds raised.

The share price is 19.293 yuan, the distributed profit is 24.235 billion yuan, and the cumulative dividend is 121.4 billion yuan. Looking at this set of data alone, it is undoubtedly very eye-catching, and it is also a brilliant report card given to investors by Guizhou Moutai. If there are more such companies, the situation in China’s capital market will definitely be much better.

So, how to look at the dividend plan of Kweichow Moutai? How much do these dividends have to do with ordinary investors? Is this level of dividends high or low among A-share listed companies? Obviously, you can’t just talk about things, you have to take a look at it and see what the core of the dividend is.

To say that Kweichow Moutai’s dividends are not good, this is not objective and it is not seeking truth from facts. Because the accumulated dividends of 121.4 billion yuan, which is impossible for ordinary listed companies. What’s more, Kweichow Moutai is not a listed company with a particularly large share price. The 1.256 billion shares of listed companies are in the upper middle class, but the market value exceeds 2 trillion. How can such a company not be considered a high-quality listed company? The cumulative dividend has reached 121.4 billion yuan, and of course it is also a high-quality company in terms of dividends.

However, it must be said that all of this can only stay in the first 15 years, and the dividends in the first 15 years may be more or less related to ordinary investors. Although the stock price is as high as one hundred yuan, two to three hundred yuan, in any case, ordinary investors with good money can still buy hundreds of shares, or even thousands of shares or thousands of shares. In the next five years, even though the total amount of dividends is increasing, the actual earnings per share are getting less and less. Take this year’s dividend as an example, 19.293 yuan per share, and the price per share is as high as 2,000 yuan. In other words, it takes 2,000 yuan to get 19.293 yuan, and the distribution rate of one hundred yuan is less than 0.9%. Compared with some other high-quality companies, the dividend per share may be less than 10 yuan, but the stock price is mostly less than 100 yuan. In other words, the distribution rate of one hundred yuan is around 10%, and the lesser ones can reach around 5%.

More importantly, the stock price is as high as 2,000 yuan, and there may only be institutions that can set foot in Kweichow Moutai. Ordinary investors who want to buy Kweichow Moutai stocks can only look forward to the stock and sigh. Because 100 shares cost more than 200,000, how many investors can buy Kweichow Moutai with such courage? Even if it is hot money, facing the Kweichow Moutai stock, it will feel a little trembling. This also means that Kweichow Moutai’s dividends are basically a game for institutional investors and large households. Ordinary investors can only watch and become a crowd.

Therefore, while being excited about the high dividends of Kweichow Moutai, we must also see that Kweichow Moutai has become aristocratic just like their liquor, and has nothing to do with ordinary investors. It is unpredictable how long this stock price will maintain. But one thing is certain, as long as there is no problem with the company, the stock price will not come down. As long as the stock price does not come down, Kweichow Moutai can only be a game for institutional investors, and ordinary investors will not even have the feeling of onlookers in the end. Naturally, there is no need to rejoice about Kweichow Moutai’s dividends, it has nothing to do with you or me. No, it doesn’t matter at all.

After a hacker attack Meat producer JBS pays ransom

Status: 10.06.2021 7:13 a.m.

The world’s largest meat company JBS has apparently paid a ransom of $ 11 million after a cyber attack by hackers. It was another incident in a series of corporate blackmail cases in the United States. The US subsidiary of the Brazilian meat processor JBS paid the equivalent of eleven million dollars in ransom after a hacker attack. The payment was made to prevent further disruption by the hackers and to restore the smooth operation of the affected locations, said the Dallas-based company. According to the US media, the payment was made in Bitcoin. According to the US government, the company had received a ransom note from a criminal organization likely based in Russia. The attack paralyzed JBS production in Australia and affected Canada and the United States.

“A difficult decision”

“This was a very difficult decision for our company and for me personally,” explained Managing Director Andre Nogueira. “However, we felt that this decision had to be made in order to avoid any potential risk to our customers.” The investigations are still ongoing, but preliminary results have suggested “that no company, customer or employee data has been compromised.”

US investigators suspect Russia is behind it

US President Joe Biden said last week that investigators had linked Russia to the JBS case. “JBS USA was in constant contact with government officials throughout the incident,” the company said. In the USA, the state and business are currently fighting a series of attacks with blackmail software known as “ransomware”. The data of the attacked systems are encrypted. The hackers demand cash payments in cryptocurrency so that they can unlock access again and not publish the data.

Ransom payment in Bitcoin

The US utility company was also last month Colonial pipeline The victim of a hacker attack with a blackmail Trojan that temporarily shut down the entire pipeline network. The US Federal Police FBI blames a hacker group called “Darkside” for the attack and later tracked down the ransom of 75 Bitcoin that Colonial had paid – at the time it was worth $ 4.4 million.

Facebook logo at headquarters in Menlo Park, California, USA. Photo: AFP/VNA According to the Vietnam News Agency correspondent in Sydney, data from the Australian Securities and Investments Commission shows that in the 2020 financial year, Facebook has overcome the worst effects of the recession caused by the COVID-19 pandemic and made a profit. Total advertising revenue in “Kangaroo country” was AUD 712.7 million (equivalent to USD 570 million), up from AUD 674 million in 2019. However, Facebook paid $559 million to an overseas subsidiary for ad inventory-related content, bringing the company’s net revenue to just $155.3 million. As a result, Facebook’s pre-tax profit was AUD 37.9 million, and with this profit, the company paid AUD 20 million (USD 16 million) in taxes, compared with AUD 16.7 million in 2019. A Facebook spokesperson said that in the last financial year, the company paid income tax in Australia at rates above 30% under local tax law. While tech giants Facebook and Google both recorded growth in 2020 in Australia, many local media outlets have had to cut costs and in some cases cut jobs due to business reasons. Advertising revenue dropped by 30%. Facebook is currently actively negotiating with several Australian media companies about paying for their news content to appear on the social network’s Newsfeed feature. So far, Facebook has officially signed contracts with two major media agencies, Seven West Media and News Corp, and according to some sources, will sign a formal agreement with Nine Entertainment Co within the next two weeks. Meanwhile, negotiations with Guardian Australia and national broadcaster ABC are still ongoing.

On Tuesday (May 11), the Maldives Ministry of Tourism announced: “The government decided to temporarily suspend the issuance of tourist visas to visitors from South Asian countries including India, Nepal, Bhutan, Afghanistan, Bangladesh, Pakistan and Sri Lanka, as well as those who have transited in these countries within the past 14 days.” The ban is in effect from May 13, 2021 until further notice. This move comes in the context of the Maldives government trying to control the number of Covid-19 infections that have been on the rise again in the last 2 weeks. Maldives recorded a record increase of 1572 cases in a day on Wednesday (May 12), compared with less than 100 cases in the previous month. Taking samples for Covid test in June 2020 in Maldives Maldives was one of the first countries to reopen to tourists in July last year. As soon as the Covid-19 wave broke out in India, the rich Indians and many Bollywood stars flew to the Maldives and showed off their check-in photos of 5-star beaches and resorts online, causing outrage. angry at home. In April this year, officials announced plans to vaccinate resort tourists, after all Maldivians were vaccinated. So far, about 25% of locals have been fully vaccinated, according to figures compiled by CNN. By May, the Maldivian authorities had introduced new restrictions. All new arrivals are required to present full documentation of a negative test done within 96 hours prior to arrival in the archipelago. New restrictions by the Maldivian government mean that India’s super-rich will look elsewhere to flee the epidemic. And Dubai is emerging as a top alternative destination, with bookings up 10% in recent weeks, said Rajan Mehra, CEO of Club One Air.

The main crux of the hair loss problem is healthy scalp. The sub-healthy state of the scalp such as itching, greasy, tightness, and sensitivity also seems to be a direct reflection of people’s sub-healthy state of life. Facing the growing population of hair loss, CBN The Commercial Data Center recently released the “2021 National Scalp Care Consumption White Paper”, an in-depth interpretation of the “first-class” events that plague contemporary people.

Scalp problems caused by irregular work and rest are the most common cause of hair loss after 95

Regarding the causes of hair loss, more people attribute the troubles of hair loss to lifestyle. In fact, staying up late and having an irregular schedule are the triggers for scalp problems and hair loss. As they grow older and deepen their cognition, they have begun to realize that unhealthy scalp and hair follicles are the root causes of hair loss.

Greasy and hair volume related problems are the most common scalp and hair problems among netizens. In addition, scalp instability, such as itching, dryness, tightness, and sensitivity, has also become the main hair problem for people to pay attention to head health.

Nearly 90% of netizens are concerned about scalp problems and 40% of netizens do regular care

Statistics show that contemporary citizens have begun to focus on deep-seated scalp problems, and nearly 90% of consumers have scalp and hair related problems at the same time. In order to have a high-value appearance, nearly 80% of consumers pay more attention to the health of their hair. Over 30% of consumers have developed the habit of constantly paying attention to changes in scalp and hair quality, and 40% of consumers will take regular care of their shows. hair.

Head care still stays at “clean”, shampoo consumption accounted for the highest proportion

Most consumers, their awareness of scalp “care” is still at the first step of cleansing, and they are not particularly aware that the scalp skin needs to be cared for as carefully as facial skin. The pioneers of scalp care mostly come from women and consumers in first- and second-tier cities By.

Among online scalp health care products, shampoo accounts for the highest consumption, followed by essence nutrient solutions. The top 3 head care products with the fastest year-on-year growth rate are scalp pre-wash, essential oils and ampoules.

Post-95s prefer niche care needs such as anti-off and anti-oxidation more than anti-dandruff and oil control

Compared with older people with concentrated functional needs, the younger generations born in the 90s and 95s have more diversified functional needs for scalp products. They not only use their own consumption actions to show their anxiety about hair loss. Compared with functional products such as oil control, anti-dandruff, etc., post-80s and post-80s, post-90s and post-95s pay more attention to novel head care concepts such as anti-oxidation, anti-aging, and scalp cleansing.

Post-95’s choice of products is more “rational”, the most attention is paid to efficacy and ingredient formula

When buying head care products, in addition to exploring product efficacy and reputation, product efficacy, formula, and ingredients have become the focus of attention of post-95s. They are particularly “rational” when choosing products, and they will choose the best ingredients scientifically and rationally, and use various methods. Choose the best promotional discount after comparing prices.

The pre-80s crowd has given up the struggle with low hair volume. The post-95s generation pays more attention to creating fluffy and thick hair.

According to survey data, the pre-80s people seem to have gradually given up the struggle for low hair volume, while the post-95s demand for thick hair volume is even stronger, especially for full hair volume, and more anxious about low hair volume and hair loss. Compared with people born before and after 1980, post-95 hair loss is not very serious. For them, what they care about most is the lack of hair volume, not enough to modify the face shape, as well as the obvious hairline and the backlash of the hairline.

When the post-95s choose anti-dropping, hair-restoring, and hair-fixing products, they will choose hair-growing products to increase hair volume. At the same time, they are more inclined to use fluffy and plump products to create visually thicker and fuller hair.

Scalp nutrient solution will become the first stop of scalp care products. More high-end and upgraded ampoules have also been rising in popularity in recent years. They are not only favored by post-95s, but also popular among advanced people born after 85s and 90s. .