Latest news with #MRV
Business Insider
10 hours ago
- Business
- Business Insider
U.S. introduces $250 visa integrity fee, raising barriers for African applicants
Visiting the United States is about to become significantly more expensive for African travellers, following a new policy that introduces a hefty $250 'visa integrity fee' for most nonimmigrant visa applicants. The United States introduces a $250 'visa integrity fee' for nonimmigrant visa applicants from African nations, significantly increasing visa costs. The fee, enacted under the One Big Beautiful Bill Act of 2025, is non-waivable and in addition to existing visa-related fees. Critics argue the new policy creates financial barriers and may discourage travel to the U.S., especially for students, tourists, and business visitors from Africa. This fee is an inside part of the recently signed One Big Beautiful Bill Act, enacted by U.S. lawmakers on July 4, 2025, and is expected to take effect later this year. According to immigration legal firm Envoy Global, the new fee will apply to any foreign national issued a nonimmigrant visa, particularly from an African country, whether as a student, tourist, temporary worker or business visitor. The $250 "visa integrity fee" is non-waivable and non-reducible, and will be charged in addition to existing visa-related fees, including machine-readable visa (MRV) application fees, anti-fraud fees, and reciprocity fees. This means a single visa application for a Nigerian, Ghanaian, or Kenyan citizen could now cost as much as $500, excluding documentation and travel expenses. What this means for African tourists, students' applications African students applying for F-1 and F-2 visas, exchange visitors on J-1 and J-2 visas, and professionals applying for H1-B and H-4 temporary work visas will all be subject to the new levy, likewise African tourists visiting family or attending events in the U.S. will bear the increased cost. Notably, citizens from 42 countries, mostly in Europe, Canada, Bermuda, and a few Asian and Gulf nations, are exempt under the U.S. Visa Waiver Program. These travellers won't be affected if visiting for under 90 days. In contrast, African nations are entirely excluded from the program, perpetuating the continent's disadvantage in terms of access and mobility. As the U.S. prepares to host major global events like the 2026 FIFA World Cup and the 2028 Summer Olympics in Los Angeles, experts warn that the recent visa fee hike could significantly reduce international attendance, particularly from countries in Africa, South America, Asia, and the Middle East. These countries already face long waiting periods and high visa denial rates, which could worsen with the added financial burden. Although the U.S. claims the funds from the fee will go into the Treasury's general fund, there's no indication that the money will be reinvested in improving consular services or reducing processing delays, a longstanding challenge for African applicants. Even while there are claims that the fee is refundable, there are no guarantees or clear mechanisms for reimbursement. Geoff Freeman, President and CEO of the U.S. Travel Association, has strongly criticized the new rule, calling it "a self-inflicted wound." He emphasized the psychology behind the hike, stating that, 'These fees are not reinvested in improving the travel experience and do nothing but discourage visitation at a time when foreign travellers are already concerned about the welcome experience and high prices' For many Africans, including students seeking education, entrepreneurs pursuing U.S. business opportunities, families reuniting, or tourists exploring cultural exchange, the new fee presents both a financial barrier and a symbolic message. As global discussions on travel equity and visa reform continue, the U.S. appears to be moving in the opposite direction, erecting higher walls when the world is calling for more bridges.
Business Times
11-07-2025
- Business
- Business Times
Singapore mulls introducing carbon offsetting legislation for airlines
[BANGKOK] Singapore is looking to draft a carbon offsetting legislation for the aviation sector, and is studying whether to introduce penalties for airlines if they fail to comply with its requirements. While still in the works, the new legislation is likely to take reference from an existing one that mandates airlines to report their carbon emissions, said Ng Shao Hua, senior manager of global partnerships at Singapore's National Climate Change Secretariat on Wednesday (Jul 9). That carbon reporting legislation, which came into effect in 2023, has provisions to fine airline operators for failing to make these disclosures. Ng, who was speaking at the Asia Climate Summit organised by the International Emissions Trading Association, said: 'If you were to look at how we have framed our legislation on monitoring, reporting and verification (MRV) – where there are penalties, I think we are most likely to take reference from that.' He added that no timeline has been set for the Bill to be introduced and debated in Parliament. Ng was responding to a question during a panel discussion, on whether the Singapore authorities are looking to penalise airlines for not complying with carbon offsetting requirements in the future legislation. A NEWSLETTER FOR YOU Friday, 12.30 pm ESG Insights An exclusive weekly report on the latest environmental, social and governance issues. Sign Up Sign Up The carbon reporting legislation was developed in line with an international programme to cut emissions from the aviation sector, known as the Carbon Offsetting and Reduction Scheme for International Aviation (Corsia), which has required participating airlines to report their annual emissions since 2019. Besides disclosing their emissions, airlines which have signed up to Corsia are also obligated to purchase carbon offsets if their emissions go above 85 per cent of their 2019 levels. The International Civil Aviation Organization had developed the scheme in 2016 to stabilise the sector's net emissions. Under the scheme's initial phases, airlines have until 2026 to purchase carbon offsets voluntarily. From 2027, however, it would become mandatory to do so. Singapore is looking to start work on this carbon offsetting legislation, given that airlines would soon have to start buying carbon offsets to meet Corsia requirements. This is because – even though carbon offsetting obligations began in 2021 – many airlines have not crossed the 85 per cent threshold in the last few years with the imposition of international travel curbs during the Covid-19 pandemic. They are, however, expected to cross this limit with their 2024 emission levels, said Ng. Countries such as the United Kingdom and Canada, have already introduced penalty frameworks for airlines in their legislations. Ng had said that Singapore had decided to take a step-wise approach on legislations, starting first with MRV, and then moving on to carbon offsets. MRV requirements are low-cost and not difficult for airlines to meet, even voluntarily. However, Ng noted that getting airlines to buy carbon offsets might not be as easily accomplished without legislation in place. 'We do need that demand certainty and that will come from legislation. Because if countries are ready to put their foot forward to say: 'I will legislate this. I will be prepared to fine the airlines if they're not ready to comply, even though it's a voluntary scheme until 2026' – if there's a clear direction from governments, then I think that will be the game changer,' said Ng. 'So I think what is needed is how can we push more countries to come on board,' he added.
Singapore Law Watch
11-07-2025
- Business
- Singapore Law Watch
Singapore mulls introducing carbon offsetting legislation for airlines
Singapore mulls introducing carbon offsetting legislation for airlines Source: Business Times Article Date: 11 Jul 2025 Author: Janice Lim No time frame has been set yet for the draft law, but it will take a leaf from an existing legislation that mandates carbon emissions reporting. Singapore is looking to draft a carbon offsetting legislation for the aviation sector, and is studying whether to introduce penalties for airlines if they fail to comply with its requirements. While still in the works, the new legislation is likely to take reference from an existing one that mandates airlines to report their carbon emissions, said Ng Shao Hua, senior manager of global partnerships at Singapore's National Climate Change Secretariat on Wednesday (Jul 9). That carbon reporting legislation, which came into effect in 2023, has provisions to fine airline operators for failing to make these disclosures. Ng, who was speaking at the Asia Climate Summit organised by the International Emissions Trading Association, said: 'If you were to look at how we have framed our legislation on monitoring, reporting and verification (MRV) – where there are penalties, I think we are most likely to take reference from that.' He added that no timeline has been set for the Bill to be introduced and debated in Parliament. Ng was responding to a question during a panel discussion, on whether the Singapore authorities are looking to penalise airlines for not complying with carbon offsetting requirements in the future legislation. The carbon reporting legislation was developed in line with an international programme to cut emissions from the aviation sector, known as the Carbon Offsetting and Reduction Scheme for International Aviation (Corsia), which has required participating airlines to report their annual emissions since 2019. Besides disclosing their emissions, airlines which have signed up to Corsia are also obligated to purchase carbon offsets if their emissions go above 85 per cent of their 2019 levels. The International Civil Aviation Organization had developed the scheme in 2016 to stabilise the sector's net emissions. Under the scheme's initial phases, airlines have until 2026 to purchase carbon offsets voluntarily. From 2027, however, it would become mandatory to do so. Singapore is looking to start work on this carbon offsetting legislation, given that airlines would soon have to start buying carbon offsets to meet Corsia requirements. This is because – even though carbon offsetting obligations began in 2021 – many airlines have not crossed the 85 per cent threshold in the last few years with the imposition of international travel curbs during the Covid-19 pandemic. They are, however, expected to cross this limit with their 2024 emission levels, said Ng. Countries such as the United Kingdom and Canada, have already introduced penalty frameworks for airlines in their legislations. Ng had said that Singapore had decided to take a step-wise approach on legislations, starting first with MRV, and then moving on to carbon offsets. MRV requirements are low-cost and not difficult for airlines to meet, even voluntarily. However, Ng noted that getting airlines to buy carbon offsets might not be as easily accomplished without legislation in place. 'We do need that demand certainty and that will come from legislation. Because if countries are ready to put their foot forward to say: 'I will legislate this. I will be prepared to fine the airlines if they're not ready to comply, even though it's a voluntary scheme until 2026' – if there's a clear direction from governments, then I think that will be the game changer,' said Ng. 'So I think what is needed is how can we push more countries to come on board,' he added. Source: The Business Times © SPH Media Limited. Permission required for reproduction. Print
Al Etihad
08-06-2025
- Business
- Al Etihad
UAE's new climate law sparks future-proof economic growth –experts
8 June 2025 23:58 MAYS IBRAHIM (ABU DHABI) Businesses across the UAE are adjusting to new sweeping climate compliance requirements under Federal Decree-Law No. (11) of 2024, now officially in effect. The law mandates all entities operating in the UAE, including those in free zones, to measure, track, and manage their greenhouse gas (GHG) emissions. A one-month grace period, ending on June 28, was granted for registration and initial compliance. Cabinet Resolution No. 67 of 2024 details the specific thresholds and implementation requirements under the law. It defines 'entities of huge carbon emissions' as those emitting an equivalent of at least 500,000 metric tonnes of carbon dioxide annually (Scope 1 and 2). These entities are required to register with the National Registry of Carbon Credit (NRCC) and implement full Monitoring, Reporting, and Verification protocols( MRV).Failure to comply with the UAE Climate Change Law may result in financial penalties of up to Dh1 million and temporary business suspension until all requirements are met. However, experts say businesses should look beyond penalties and recognise the legislation as a launchpad for innovation and future-proof growth. 'The law's comprehensive approach, combining regulation, market-based incentives, and innovation support, positions the UAE to lead the region in green economic transformation,' Amro Zakaria, Co-founder of Kyoto Network and CEO of Madarik Ventures, told Aletihad. 'It not only helps future-proof the economy against climate risks but also unlocks new opportunities for sustainable growth, investment, and job creation,' the global financial markets strategist added. Creating New Growth Vectors Nahla Nabil, an ESG and Sustainability Strategist, views this new law as an economic blueprint for diversification - one that creates new growth vectors while protecting existing ones.'What excites me most is that the law is sending strong signals to both sides of the market,' she told Aletihad. 'On the supply chain, it's driving innovation: carbon capture, clean tech, nature-based solutions. All of these are moving from nice-to-have to must-have. On the demand side, businesses now urgently need climate expertise, advisory services, and MRV systems and that's where I see an explosion in new jobs and opportunities,' Nabil said. She noted that UAE educational institutions are already developing programmes around climate risk and emissions management, laying the groundwork for a future-ready, knowledge-based economy.'The law also lays the foundation for a national carbon market. If done right, the UAE could lead the region in green finance not just meeting targets but setting the benchmark,' said Nabil. She also pointed out that as global regulations like the EU's Carbon Border Adjustment Mechanism (CBAM) come into effect, having verified emissions data becomes a matter of trade resilience, not just good governance. While some companies may limit themselves to basic compliance, Nabil argued that those that thrive will be the ones exploring how the law can create value and drive innovation.'The law gives us direction, from tracking emissions to exploring cleaner operations. But it's not just about rules. It's about clarity. When we know where we're heading, it's easier to make smart, future-focused decisions.' Expanding Impact According to Nabil, companies that are ready to move beyond compliance should focus on emissions hotspots to identify innovation potential, engage early in carbon credit systems, and support customers in reducing their emissions to expand the impact of their climate strategies. Zakaria pointed out that the law encourages research and development (R&D) and innovation, offering incentives for the private sector to develop climate solutions, such as clean energy, carbon capture, and alternatives to high-emission materials. Companies can also engage in carbon trading, turning emissions reductions into financial assets and new revenue streams, he added. 'Research has proven that companies that have an ESG strategy and an environmentally conscious mindset are generally more profitable. One reason for that is that the cost of capital (finance rates) is lower for projects with lower carbon intensity,' Zakaria said. Over time, he added, compliance with this law will help UAE firms reduce their carbon footprint, positioning them for better access to international markets that may soon be out of reach for high carbon foot print companies and high carbon intensity Beyond EmissionsAccording to Zakaria, the law introduces several market-based tools to support implementation, including Carbon Credit Market/ETS, Carbon Offsetting and Shadow Pricing, Technology Adoption Incentives, Green Tax Incentives, Sustainable Finance Frameworkm, and Performance pointed to the law's alignment with international climate frameworks, without losing sight of national priorities.'Post-COP28, it's clear the UAE isn't just pledging alignment with the Paris Agreement it's embedding it. The law reinforces our Nationally Determined Contributions and puts in place the systems to act on them,' she said. 'The National Carbon Credit Registry is also a forward-looking move, signalling readiness for Article 6 and future participation in global carbon markets not just keeping pace, but helping shape what's next.'From an ESG standpoint, Nabil said the law reflects global standards like TCFD (Task Force on Climate-related Financial Disclosures) and the GHG Protocol, offering a robust foundation for environmental reporting. While the current focus is on emissions, she expects broader governance and risk disclosures aligned with GRI and ISSB to follow.'That evolution feels natural, and the UAE's approach has been open and adaptive. The real progress will come with implementation and I'm optimistic we're heading toward even deeper global alignment.' Nabil views this law as a foundational step in a broader ESG (Environmental, Social, and Governance) shift.'At first glance, it may seem like the law is mostly focused on emissions and the environment - the 'E' in ESG. But when you read deeper, you realise it's more than that. This is a framework law,' she said. 'It's meant to be built on, with future ministerial resolutions, technical guidelines, and sector-specific policies that will gradually define the full ESG landscape.'Nabil points to Article 7 on climate adaptation, which moves beyond environmental metrics to address health systems, infrastructure resilience, early warning systems, and inter-agency coordination - elements that touch on both social and governance priorities. 'Even the definitions section makes it clear: climate impacts are not just about nature, they include effects on lives, health, economies, and culture,' she explained. 'The law sets the stage for ESG reporting that is people-centred, risk-aware, and impact-driven.'
Fashion Value Chain
02-06-2025
- Science
- Fashion Value Chain
MRV Celebrates Academic Excellence
At MET Rishikul Vidyalaya (MRV), Bandra, academic brilliance is a tradition nurtured through a global curriculum, innovative teaching, and a focus on holistic development. In the March 2025 Cambridge IGCSE and AS & A Level examinations, MRV students have once again made the school proud with their exceptional results. Mr. Pankaj Bhujbal, Hon. Trustee, MET with IGCSE 2024-25 batch & A Level 2023-25 batch students celebrating achievements of school and subject toppers The Cambridge IGCSE (Class 10) batch of 49 students achieved a 100% pass rate, with 87 A* and 82 A grades. Leading the cohort is Jash Nagrecha with an impressive 92.71%, followed by Anshul Khandeparkar with 92%, Pranav Hinduja with 91.28%, Avneesh Kane with 90% & Devansh Deshmukh with 89.42%. Vihaan Sinyal achieved a near-perfect 99% in Mathematics (without coursework), Jash also topped in Chemistry (98%), Biology (95%), Business Studies (93%), English (89%), and Literature (86%). Anshul stood out with 95% in Accounting and 94% each in ICT and Economics. Hitansh Shah excelled in Physics (95%), Avneeh Kane in French (95%), and Rajveer Shah in Hindi (91%). Pranav Hinduja led in Global Perspectives (90%), Devansh Deshmukh in Computer Science (93%), and Sharwill Nilakh in Art and Design (88%). In AS & A Levels, the 44 student batch secured 8 A* and 21 A grades. Jeena Tolani topped with 94%, followed by Aditya Chitre at 91% and Shruti D'Silva at 82.66%. Jeena also achieved 95% in Accounting, 94% in Mathematics, 93% in Business, and 90% in Economics. Hriday Shah scored 93% in Business, while Aditya earned 93% in Chemistry and 92% in Physics. Aaliya Panjwani topped Psychology with 91%, while Ishwari Arjunwadkar, Shruti D'Silva, and Muskaan Shah scored 80% in Biology. Ishwari also achieved 86% in the English General Paper, and Ethan Costa scored 80% in English Language. Reflecting on the results, Shri Pankaj Bhujbal, Hon. Trustee, MET, shared, 'These outstanding results reflect MRV's commitment to academic excellence and global readiness. Our students continue to make us proud with their discipline, curiosity, and dedication.' At MRV, academic achievement is one of the many ways students are prepared for success in a complex, ever-evolving world. With a focus on personalized learning, global exposure, and values-based education, MRV students are equipped not only to excel in examinations but also to lead with integrity, empathy, and purpose.
