Latest news with #CNRA
Yahoo
4 days ago
- Business
- Yahoo
Revolutionary government program raises $28 billion, and millions of one state's residents are benefiting: 'A win for ordinary people'
In 2012, California set a precedent for how a state government can take action against planet-warming pollution. The result of these actions diverted billions of dollars to communities in need across the state. California created a cap-and-trade program, which set a limit on carbon emissions that was to decline every year until the end of the contract in 2030. It also required companies to purchase permits or "allowances" to cover their carbon emissions. Companies that needed to go over their allowance could trade with other companies, but overall, the program created an economic incentive for companies to move forward with cleaner policies that reduced pollution. The fees from these allowances were then distributed across multiple agencies, including the California Natural Resources Agency's Urban Greening Program. One of the most remarkable projects created with this funding was a living schoolyard in Oakland, made possible with a $1.2 million grant from the CNRA. What used to be an asphalt lot was turned into vegetable gardens, a pollinator garden, an outdoor classroom, grass fields, and 65 new trees. Since 2012, this program has brought in $28 billion, $11.6 billion of which has already been translated into community projects. California residents are also now seeing an average of $137 in savings on their utility bills through the California Climate Credit. This program is eligible to be renewed and extended until 2045. If California lawmakers choose to extend it, residents can expect to see $47 billion in revenue, $55 billion in economic growth for California, and an additional 287,000 jobs. "California's cap-and-trade program hasn't just been a win for the climate; it's been a win for ordinary people who can see in their neighborhoods and on their utility bills that it's paying off. And there's billions more to come if we get this right," said Caroline Jones, a climate policy expert at the Environmental Defense Fund. Whether it's investing in solar panels, food security, or bike lanes for crowded urban areas, it's been proven that the happiest people and countries in the world are the ones in areas of less pollution and with stronger community programs. This program was spotlighted in the Environmental Defense Fund's Vital Signs newsletter, which is a stellar source for good-news stories, climate change solutions, and advice for taking action in your own community. Do you think America has a plastic waste problem? Definitely Only in some areas Not really I'm not sure Click your choice to see results and speak your mind. Join our free newsletter for good news and useful tips, and don't miss this cool list of easy ways to help yourself while helping the planet.
Morocco World
19-04-2025
- Business
- Morocco World
CDG Strengthens Strategic Management with Appointment of Mohamed Ali Bensouda
Rabat – The Caisse de Dépôt et de Gestion (CDG) has appointed Mohamed Ali Bensouda as its new Secretary General, a pivotal move that reinforces the institution's ongoing transformation strategy. With over 26 years of experience within the Group , Bensouda brings extensive leadership expertise across multiple sectors of CDG's operations, making him a natural choice to support and execute the Group's strategic vision. In his new role, Bensouda will assist the Director General in overseeing CDG's key strategic missions. He will also lead central functions of the holding, including strategy, finance, asset management, performance, regulation, human resources, digital innovation, and international cooperation. This appointment comes as CDG undertakes a structural reorganization aimed at improving agility and efficiency. A notable part of this shift is the elimination of the Deputy Director General role from the Group's organizational chart—an effort to streamline governance and improve clarity in decision-making. A Veteran CDG Executive Mohamed Ali Bensouda's appointment is the culmination of a distinguished career at CDG. Since joining the Group in 1998, he has held several high-level positions including: Administrator and Director General of Finéa Director of the Savings and Pensions Division Deputy Director of CDG Capital in charge of Asset Management and Financial Services Director of Banking Activities Director of Organization, Quality, and Internal Audit Prior to joining CDG , Bensouda began his professional journey at a major Moroccan bank, where he worked as a project manager for nearly three years. Currently, and on a transitional basis, he continues to serve as Director General of the Savings and Social Protection branch of CDG. In this capacity, he oversees the CNRA and RCAR and contributes to the mobilization of long-term savings for national development projects. Steering Strategic Transformation As Secretary General, Bensouda will play a central role in guiding the implementation of CDG's strategic roadmap. He is tasked with coordinating cross-functional initiatives, managing institutional relationships with government bodies and public institutions, and enhancing risk governance and operational performance. His responsibilities also extend to optimizing resource allocation, accelerating digital transformation, and positioning CDG as a key player on the international stage. This appointment is viewed as a strategic move to reinforce CDG's utility and impact across the sectors it serves—ranging from finance and infrastructure to social protection and local development. Mohamed Ali Bensouda is a graduate of the École Nationale de l'Industrie Minérale (ENIM) and holds an MBA from the École des Ponts et Chaussées. His academic and professional background has enabled him to navigate both technical and strategic challenges with success. He is a member of CDG's Executive Committee, chairs the investment committees of CNRA and RCAR, and sits on the boards of several companies within and beyond the Group. He also leads several specialized committees focused on audit, risk, investment, and human resources. Bensouda's appointment comes as CDG pursues a renewed focus on governance, innovation, and operational efficiency. As the institution transitions toward a more agile and responsive organizational structure, his leadership is expected to support the Group's efforts to maintain its role in advancing Morocco's economic and social development. Tags: CDGMohammed ali Bensoudaprofiles
