Latest news with #GCAT
Daily Record
09-07-2025
- Business
- Daily Record
Head of Glenkens and Community Arts Trust standing down after more than three years
The recruitment process is under way to replace Helen Keron, who helped secure multi-year funding for GCAT's CatStrand arts programme. The head of the Glenkens Community and Arts Trust is standing down. Helen Keron is leaving her role after three-and-a-half-years, having been a board member for nine years before that. Multi-year funding has been secured for GCAT's CatStrand arts programme, and GCAT has recently been confirmed as an anchor organisation of the Glenkens and District Trust. The recruitment process has now started for a replacement for Helen at the organisation, which sits at the heart of the Glenkens and has a decades-long track record of consistent delivery in arts and community development but also an enthusiasm and an ambition for more and better outcomes for our communities at a strategic level. The trust is looking to recruit a chief executive who will cement the gains to date while forging onward to the next chapter in the development of GCAT and the Glenkens. Join the Daily Record WhatsApp community! Get the latest news sent straight to your messages by joining our WhatsApp community today. You'll receive daily updates on breaking news as well as the top headlines across Scotland. No one will be able to see who is signed up and no one can send messages except the Daily Record team. All you have to do is click here if you're on mobile, select 'Join Community' and you're in! If you're on a desktop, simply scan the QR code above with your phone and click 'Join Community'. We also treat our community members to special offers, promotions, and adverts from us and our partners. If you don't like our community, you can check out any time you like. To leave our community click on the name at the top of your screen and choose 'exit group'. There is an important opportunity at hand in preparing for the significant amounts of wind farm community benefit funding that may come to the Glenkens in the future. Chairman of GCAT, Peter Fryer, said: 'The GCAT board extends its sincere thanks to Helen for her outstanding contribution, leadership and unwavering commitment to our communities. 'We know she will continue to be a passionate advocate for the Glenkens and rural communities in whatever path she takes next.'
Time of India
08-06-2025
- Business
- Time of India
Renewables power CO2 emissions drop in Gujarat's electricity sector
The recently launched online dashboard, Gujarat Climate Action Tracker (GCAT), indicates that the overall emission of the state at 156 million metric tonnes of carbon dioxide equivalent (mtCO2e) in 2023 was slightly lower compared to 158 mtCO2e recorded in 2014. In fact, it was the third year that showed a steady or negative trend for the state. Compared to emissions by captive power plants at 21.19 in 2014, the year 2023 showed 19.71 mtCO2e, whereas for public electricity generation, there was an even steeper drop from 78.35 to 42.17 mtCO2e. Experts pointed to the addition of renewable energy as the compensating factor. While the transport sector showed exponential growth inCO2 generation in the same period, the generation remained almost the same for residential energy generation and captive power plants, according to GCAT. From 7,172MW installed power capacity for renewable energy in 2015-16, it increased to 33,393MW in 2023-24, and the highest addition was in solar energy, indicated the dashboard. The resource potential, however, is even higher, claimed experts. Analysis of the district-level data indicates that out of 33, nine Gujarat districts showed a decreasing trend in CO2 emissions compared to 2014. While Amreli recorded the highest 4.8% dip, it was followed by 4.2% in Junagadh, 3.5% in Sabarkantha, and 3.4% in Kutch and Chhota Udepur. On the other hand, the remaining 24 districts recorded an upward trend ranging from 0.3% in Surat to 23.7% in Dang. Experts said that some of the less-industrialised districts have recorded an upward trend due to land use change. 'Some of the district-level initiatives include waste-to-energy plants, climate change and environment plans, incentives for electric vehicles, particulate matter (PM) emission trading mechanisms, climate planning and implementation, and the issue of green bonds, among others,' said a state official. 'Climate change mitigation is a multi-pronged strategy that includes reducing emissions on one hand and promoting good practices on the other.'
Time of India
08-06-2025
- Business
- Time of India
Renewable energy powers Gujarat's CO2 cut in electricity sector
Ahmedabad: The recently launched online dashboard, Gujarat Climate Action Tracker (GCAT), indicates that the overall emission of the state at 156 million metric tonnes of carbon dioxide equivalent (mtCO2e) in 2023 was slightly lower compared to 158 mtCO2e recorded in 2014. In fact, it was the third year that showed a steady or negative trend for the state. Compared to emissions by captive power plants at 21.19 in 2014, the year 2023 showed 19.71 mtCO2e, whereas for public electricity generation, there was an even steeper drop from 78.35 to 42.17 mtCO2e. Experts pointed to the addition of renewable energy as the compensating factor. While the transport sector showed exponential growth inCO2 generation in the same period, the generation remained almost the same for residential energy generation and captive power plants, according to GCAT. From 7,172MW installed power capacity for renewable energy in 2015-16, it increased to 33,393MW in 2023-24, and the highest addition was in solar energy, indicated the dashboard. The resource potential, however, is even higher, claimed experts. Analysis of the district-level data indicates that out of 33, nine Gujarat districts showed a decreasing trend in CO2 emissions compared to 2014. While Amreli recorded the highest 4.8% dip, it was followed by 4.2% in Junagadh, 3.5% in Sabarkantha, and 3.4% in Kutch and Chhota Udepur. On the other hand, the remaining 24 districts recorded an upward trend ranging from 0.3% in Surat to 23.7% in Dang. Experts said that some of the less-industrialised districts have recorded an upward trend due to land use change. "Some of the district-level initiatives include waste-to-energy plants, climate change and environment plans, incentives for electric vehicles, particulate matter (PM) emission trading mechanisms, climate planning and implementation, and the issue of green bonds, among others," said a state official. "Climate change mitigation is a multi-pronged strategy that includes reducing emissions on one hand and promoting good practices on the other."
Time of India
07-06-2025
- Automotive
- Time of India
Vehicles account for 36% of CO2 emissions in A'bad, 53% in Rajkot
Ahmedabad: In Gujarat, vehicles are now third highest pollutants after industrial energy consumption and public electricity generation. The recently-launched online dashboard Gujarat Climate Action Tracker (GCAT) indicates that the road transport sector accounted for 13% of the total carbon dioxide (CO2) emissions in 2023, third highest only after industrial energy consumption (19%) and public electricity generation (17.5%). In major districts like Ahmedabad and Rajkot, vehicles are a bigger villain. Vehicular fumes accounted for 36% and 52% of the CO2 emissions, respectively compared to 4.7% and 11.2% for industrial energy's share for these districts. For Vadodara and Surat, the share of transport sector was 23% and 13.5%, respectively. Exponential growth in transport sector's contribution to CO2 can be ascertained from the fact that between 2005 and 2023, its volume has increased from 6.7 mtCO2e (million metric ton CO2 equivalent) to 32.2, showing nearly five-time rise. In comparison, industrial energy emissions increased three times from 15.8 to 45.8 and public electricity generation increased by 13% from 37.2 to 42.2 mtCO2e, indicate the data. The GCAT was launched on World Environment Day celebrated on June 5 and is termed the first such initiative in India to have sub-state level climate parameters. It is developed by the Climate Change Department and Gujarat Energy Development Agency (GEDA) of the state govt with technical collaboration of Vasudha Foundation, said officials. The district-level emissions were higher in industrial districts such as Kutch and Jamnagar with 36,920 ktCO2e (kiloton CO2 equivalent) and 24,591 respectively. These districts thus also had higher per capita emissions at 14.9 tons and 14.7 tons CO2e respectively. The state govt officials said that on the other hand, the state has managed to reduce emissions by 72% compared to 2005 baseline GDP of the state. From installed capacity of 7,172 MW for renewable energy in state in 2015-16, it has reached 33,393 MW in 2024-25 with projects across various districts of Gujarat, they added. "Gujarat leads the country in both rooftop solar installation and wind power capacity. The GCAT will deepen local ownership and planning for climate change mitigation," said Rini Dutt, associate director (climate policy), Vasudha Foundation. "In Gujarat's net-zero journey, every district will have a vital role to play. It is important to recognise that progress will vary – some districts may reach net-zero sooner, while others with hard-to-abate sectors may take longer."
Yahoo
05-06-2025
- Business
- Yahoo
KBRA Assigns Preliminary Ratings to GCAT 2025-INV2 Trust
NEW YORK, June 05, 2025--(BUSINESS WIRE)--KBRA assigns preliminary ratings to 57 classes of mortgage-backed notes from GCAT 2025-INV2 Trust. The GCAT 2025-INV2 mortgage loans are secured by first liens on non-owner occupied (NOO) investor properties and second homes. The loans were underwritten to agency guidelines. The pool comprises 834, first-lien, fixed rate residential mortgage loans as of the cut-off date. The pool is characterized by moderate borrower equity in each mortgaged property, as evidenced by the WA original LTV of 76.0%. The weighted average original credit score is 768, which is within the prime mortgage range. KBRA's rating approach incorporated loan-level analysis of the mortgage pool through its Residential Asset Loss Model (REALM), an examination of the results from third-party loan file due diligence, cash flow modeling analysis of the transaction's payment structure, reviews of key transaction parties and an assessment of the transaction's legal structure and documentation. This analysis is further described in our U.S. RMBS Rating Methodology. To access ratings and relevant documents, click here. Click here to view the report. Recent Publications RMBS KCAT GCAT 2025-INV2 Trust Tear Sheet Methodologies Structured Finance: Global Structured Finance Counterparty Methodology RMBS: U.S. RMBS Rating Methodology ESG Global Rating Methodology Disclosures Further information on key credit considerations, sensitivity analyses that consider what factors can affect these credit ratings and how they could lead to an upgrade or a downgrade, and ESG factors (where they are a key driver behind the change to the credit rating or rating outlook) can be found in the full rating report referenced above. A description of all substantially material sources that were used to prepare the credit rating and information on the methodology(ies) (inclusive of any material models and sensitivity analyses of the relevant key rating assumptions, as applicable) used in determining the credit rating is available in the Information Disclosure Form(s) located here. Information on the meaning of each rating category can be located here. Further disclosures relating to this rating action are available in the Information Disclosure Form(s) referenced above. Additional information regarding KBRA policies, methodologies, rating scales and disclosures are available at About KBRA Kroll Bond Rating Agency, LLC (KBRA), one of the major credit rating agencies (CRA), is a full-service CRA registered with the U.S. Securities and Exchange Commission as an NRSRO. Kroll Bond Rating Agency Europe Limited is registered as a CRA with the European Securities and Markets Authority. Kroll Bond Rating Agency UK Limited is registered as a CRA with the UK Financial Conduct Authority. In addition, KBRA is designated as a Designated Rating Organization (DRO) by the Ontario Securities Commission for issuers of asset-backed securities to file a short form prospectus or shelf prospectus. KBRA is also recognized as a Qualified Rating Agency by Taiwan's Financial Supervisory Commission and is recognized by the National Association of Insurance Commissioners as a Credit Rating Provider (CRP) in the U.S. Doc ID: 1009755 View source version on Contacts Analytical Contacts Sharif Mahdavian, Managing Director (Lead Analyst)+1 Bianca Rexach, Associate Director+1 Patrick Gervais, Senior Managing Director (Rating Committee Chair)+1 Business Development Contact Daniel Stallone, Managing Director+1
