The Court In Munich Decided In Favor Of BMW

Often companies have to deal with numerous deprivation. The decision in favor of the company is not only satisfactory but also beneficial for its image. This time the image of BMW did not suffer.

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In this article:

• Electrification is enough to reduce greenhouse gas emissions
• The court's decision is favorable to BMW
• Bank of Japan

Electrification is enough to reduce greenhouse gas emissions

Green energy is becoming an increasingly important topic. Many experts believe that this year will be crucial for projects aimed at reducing greenhouse gas emissions.

Innovations are also appearing in the real estate market. BlocPower is a Brooklyn-based start-up that has greened over 1,200 buildings in New York City and has similar projects in twenty other cities.

In a four-story apartment building in Brooklyn, New York, a very small company implements a very important idea: to electrify every building in the United States by renting the necessary equipment to the owners to carry out the changes.

The company reports that it has reduced energy costs in buildings by 30% to 50% and reduced greenhouse gas emissions by 40% to 70% in current projects.

According to BlocPower, electrification is enough to reduce gas emissions. The start-up has set itself the goal of electrifying as many buildings as possible in the states.

This Brooklyn-based start-up aims to electrify every building in America. @DianaOlick has the story. https://t.co/dYnqsH1KXW pic.twitter.com/0NPEclaD1E

— CNBC (@CNBC) February 7, 2023

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The court's decision is favorable to BMW

Countries must now tighten their carbon targets to protect the rights of future generations. Combustion cars are common, and in developed countries you need at least two cars per family, they are also one of the major emitters of greenhouse gases.

Environmentally-friendly organizations try to fight against non-elecological activities of companies, which often end up in court. One such case is the case against BMW.

A case against BMW in which the NGO Deutsche Umwelthilfe called on the carmaker to tighten its carbon emission reduction targets has been settled in favor of BMW.

Plaintiffs' argument that the impact of BMW's emissions on their freedoms could theoretically be legitimate, but there was not yet enough evidence that the carmaker violated their rights.

BMW welcomed the ruling, stating in a statement.

The heads of Greenpeace in Germany, climate activist Clara Mayer and landowner Ulf-Alhoff Cramer also filed lawsuits against Volkswagen, which are still pending, with judgments in all cases expected later this month.

BMW emissions challenge unfounded, Munich court rules https://t.co/gMBnN3eT13 pic.twitter.com/YRseUahCos

— Reuters Business (@ReutersBiz) February 7, 2023

Bank of Japan

Virtually all banks are fighting high inflation by raising rates, all except Bank Japan, which continues its ultra-loose monetary policy.

For a long time, the Japanese economy remained stagnant and faced deflation. The Bank of Japan set the key interest rate at -0.1% in January 2016 to address short-term yields. Then in September 2016, they introduced YCC, setting JGB's 10-year target at 0%.

The mood on the market changed significantly after the December BJ meeting. December arrived and the BOJ surprised the markets by raising the cap on the 10-year government bond yield from 0.25% to 0.5%.

The BOJ explained that this was a technical adjustment to take into account the functionality of the market. However, market participants saw this as potentially just the first step towards liquidating YCC.

Market participants are asking themselves whether this will change, whether with the appearance of the new governor of BJ there will be a change of direction in the country's monterner policy. This is quite widely discussed and there is no clear answer.

A key part of Japan’s monetary policy–known as yield curve control–is under growing market scrutiny, according to Ryoya Wakamatsu, our yen rates market strategist. Here's why it could change. 👇 https://t.co/R5FSxq0JJS

— Goldman Sachs (@GoldmanSachs) February 6, 2023