Category: Weather

  • MIL-OSI Canada: Climate Change Funding for Seafood Companies; Another Call for Applications

    Source: Government of Canada regional news

    NOTE: The list of funding recipients and projects follows this release.

    Fourteen seafood companies and related organizations across the province are receiving funding to help reduce their carbon footprint.

    The projects, supported through the Fisheries and Aquaculture Energy Efficiency Innovation Fund, range from the first zero-emission electric lobster boat in Canada to solar power at lobster and bait facilities.

    “Addressing climate change continues to be a priority for our government,” said Kent Smith, Minister of Fisheries and Aquaculture. “Funding for these seafood organizations will help support our efforts to respond to climate change, reducing fossil fuel use and greenhouse gas emissions, as well as reduce costs for industry.”

    The fund is a $6.5-million, three-year program that supports new projects that reduce greenhouse gas emissions produced by boats, buildings and other commercial fisheries and aquaculture operations.

    The Province is now accepting applications for the fund’s second round. Examples of eligible projects include:

    • adapting emerging electric and hybrid technology for fishing vessels and fleets
    • installing renewable energy systems
    • reducing emissions through equipment upgrades and new technology
    • conducting research to enable future emission-reduction projects.

    The deadline for applications is April 11.


    Quotes:

    “The fisheries and aquaculture industry plays a vital role in Nova Scotia, generating significant economic benefits and employment opportunities across the province. Energy efficiency improves these economic benefits through cost reductions, helping organizations enhance long-term productivity and competitiveness. When organizations invest in energy efficiency, they can improve equipment lifespans, increase operational resilience and solidify their position as a global leader in the industry.”
    Stephen MacDonald, President and CEO, EfficiencyOne

    “This fund represents a direct investment into members of the Nova Scotia Seafood Alliance and the seafood sector to reduce their bottom line by increasing efficiency, mitigating greenhouse gas emissions and reducing the biggest costs they have for operation – energy. At the same time, the reputational benefits of moving the industry to a low-emission model will elevate Nova Scotia seafood products above their competitors on the shelves in premium markets worldwide. This is a win-win for everyone involved.”
    Kris Vascotto, Executive Director, Nova Scotia Seafood Alliance

    “The Province’s support to build and demonstrate the first all-electric lobster boat is an important step in developing Membertou’s sustainable fishery for future generations. The electric boat will play an important role in building trust in battery-electric propulsion as a viable solution for decarbonizing Canada’s commercial fishery.”
    Chief Terry Paul, CEO, Membertou


    Quick Facts:

    • the Nova Scotia Fisheries and Aquaculture Loan Board will make available $10 million over three years in dedicated lending to support eligible applicants
    • the fund is a commitment in Our Climate, Our Future: Nova Scotia’s Climate Change Plan for Clean Growth
    • the Department of Energy provided $2 million to the fund

    Additional Resources:

    More information on the Fisheries and Aquaculture Energy Efficiency Innovation Fund is available at: https://www.efficiencyns.ca/business/business-types/agriculture/fisheries-and-aquaculture-energy-efficiency-innovation-fund/

    Fisheries and Aquaculture Loan Board lending program: https://nsfishloan.ca/energy-efficiency

    Our Climate, Our Future: Nova Scotia’s Climate Change Plan for Clean Growth: https://climatechange.novascotia.ca/sites/default/files/uploads/ns-climate-change-plan.pdf


    Approved projects:

    • Bill and Stanley Oyster Company Ltd. – $250,000 to implement an electric work boat and electric forklift at a shellfish farm
    • BMC Seafoods Limited – $100,000 to implement an energy-efficient heat exchanger that will reduce electricity costs at a live lobster holding facility
    • Brazil Rock Lobster Association – $100,000 to install solar and wind-power on 18-member lobster vessels
    • Glas Ocean Electric – $198,225 towards a data logging study on five harbours/wharves which will involve 20 vessels
    • Havre Boucher Seafoods Inc. – $250,000 to implement a fully electric aluminum work boat with vessel-to-grid charging capability at a shellfish farm
    • Ignite (Atlantic) – $150,000 toward a study to develop a marine electrification roadmap for the communities of Digby and Sheet Harbour
    • L. Walker Seafoods – $30,000 toward an energy efficient condenser with floating head pressure control at a live lobster holding facility
    • Little Harbour Fisheries – $9,848 to install solar panels and convert energy usage to a renewable source at a bait storage facility
    • Membertou Fisheries Inc. – $250,000 toward the first zero-emission electric lobster fishing boat in Canada
    • NovaShell Fisheries – $70,000 toward an energy-efficient heat exchanger with floating head pressure control at a new live lobster holding facility
    • R. Baker Fisheries Limited – $86,500 to install advanced refrigeration units that will reduce energy consumption at a seafood processing facility
    • Red Fish Blue Fish Incorporated – $14,871 to install a solar photovoltaic system with battery storage at a commercial bait storage facility
    • Strait of Canso Superport Corporation – $250,000 toward a charging station for electric vessels
    • Yarmouth Bar Fisheries – $50,000 toward solar installation that will result in a net-zero seafood processing/live holding facility

    Other than cropping, Province of Nova Scotia photos are not to be altered in any way

    MIL OSI Canada News

  • MIL-OSI USA: Governor Newsom announces appointments 2.27.25

    Source: US State of California 2

    Feb 27, 2025

    SACRAMENTO – Governor Gavin Newsom today announced the following appointments:

    Aaron Maguire, of Roseville, has been appointed Executive Officer of the Board of State and Community Corrections, where he has been Acting Executive Officer at the Board of State and Community Corrections since 2024, and was previously Chief Deputy Director and General Counsel from 2022 to 2024, and General Counsel from 2016 to 2022. Maguire was Owner and Managing Partner at Maguire & Pank from 2014 to 2016. He was General Counsel and Legislative Representative at Warner & Pank, LLC from 2012 to 2016. Maguire was Assistant Secretary of Legislation at the California Department of Corrections and Rehabilitation in 2012. He was a Deputy Legislative Affairs Secretary in the Office of Governor Brown from 2011 to 2012. Maguire was a Deputy Legislative Affairs Secretary in the Office of Governor Schwarzenegger from 2009 to 2010. He was Deputy Attorney General in the Office of the California Attorney General from 2001 to 2009. Maguire earned a Juris Doctor degree from the University of California, Davis and a Bachelor of Arts in Literature from the University of California, San Diego. This position requires Senate confirmation, and the compensation is $219,156. Maguire is a Democrat. 

    Abby Edwards, of Sacramento, has been appointed Senior Deputy Director of State Planning and Policy at the Governor’s Office of Land Use and Climate Innovation. Edwards has held multiples roles at the Governor’s Office of Land Use and Climate Innovation since 2022, including Acting Senior Deputy Director, Deputy Director of Climate and Planning Programs, and Adaption Planning Program Manager. She was Program Development and Operations Manager at CivicWell from 2019 to 2022. Edwards was a Manager for Twisted Fields from 2018 to 2019. She was a Sustainable Agricultural Specialist at the Peace Corps from 2016 to 2018. Edwards was a Course Manager at the University of California, Santa Cruz from 2014 to 2016. She earned a Master of Public Administration degree in Environmental Policy and Management from University of Colorado, Denver and a Bachelor of Arts degree in Environmental Science from University of California, Santa Cruz. This position does not require Senate confirmation, and the compensation is $170,004. Edwards is a Democrat.

    Gareth Elliott, of Sacramento, has been reappointed to the University of California Board of Regents, where he has served since 2015. Elliott has been Partner at Sacramento Advocates, Inc. since 2015. He was Legislative Affairs Secretary in the Office of Governor Edmund Brown Jr. from 2011 to 2015. Elliott was Policy Director at the Office of State Senator Alex Padilla in the California State Senate from 2008 to 2011. He held multiple roles in the Office of State Senate President Pro Tempore Don Perata from 2004 to 2008, including Deputy Chief of Staff and Legislative Director. Elliott held multiple roles in the Office of State Senate Don Perata in the California State Senate from 1996 to 2004, including Legislative Director and Legislative Aide. He earned a Bachelor of Arts degree in Political Science from California State University, Humbolt. This position requires Senate confirmation, and there is no compensation. Elliott is a Democrat. 

    Darnell C. Grisby, of Oakland, has been reappointed to the California Transportation Commission, where he has served since 2021. Grisby has been Senior Vice President of Beneficial State Foundation since 2022. He was Executive Director of TransForm from 2020 to 2021. Grisby was Director of Policy Development and Research at the American Public Transportation Association from 2011 to 2020. He was Deputy Policy Director at Reconnecting America from 2010 to 2011. Grisby was Government Affairs Representative at Farmers Insurance from 2007 to 2010. He was Legislative Director in the Office of Assemblymember Mike Davis from 2006 to 2007. Grisby was a Budget and Policy Analyst at the New York Independent Budget Office from 2003 to 2006. He was Legislative Assistant in the Office of Assemblymember Jenny Oropeza from 2000 to 2001. He earned a Master of Public Policy degree from Harvard University, and a Bachelor of Arts degree in Political Science from the University of California, Los Angeles. This position requires Senate confirmation, and the compensation is $100 per diem. Grisby is a Democrat. 

    Press Releases, Recent News

    Recent news

    News SACRAMENTO – California and a consortium of 21 Brazilian states are partnering together to combat pollution and foster sustainable economic growth. Governor Gavin Newsom and Governor Renato Casagrande of the Brazilian state of Espírito Santo signed a Memorandum…

    News SACRAMENTO – Governor Gavin Newsom today announced multiple clemency actions. He granted pardons in three cases. He also sent multiple clemency cases to the Board of Parole Hearings, initiating the process for granting clemency in fifteen cases. He also sent two…

    News What you need to know: Governor Newsom today released a new economic vision for California’s future with a bold plan, realized locally. The unveiling comes alongside the announcement of more than $245 million in investments to help support workers statewide,…

    MIL OSI USA News

  • MIL-OSI USA: Governor Newsom partners with 21 Brazilian state governors to protect the environment, cut harmful pollution

    Source: US State of California 2

    Feb 27, 2025

    SACRAMENTO – California and a consortium of 21 Brazilian states are partnering together to combat pollution and foster sustainable economic growth. 

    Governor Gavin Newsom and Governor Renato Casagrande of the Brazilian state of Espírito Santo signed a Memorandum of Understanding (MOU) today that establishes a four-year partnership between California and the Brazilian consortium of states leading on environmental protections, Consórcio Brasil Verde (CBV).

    Together with these 21 Brazilian states, California is committed to advancing a bold, collaborative action plan that tackles pollution, protects public health and safety, and creates good-paying jobs.

    Governor Gavin Newsom

    This collaboration encompasses clean air, transportation and energy; adaptation; forest management; and more. The full text of the MOU is available here. R20 Regions of Climate Action – an organization founded by former Governor Arnold Schwarzenegger to support subnational climate work – played a key role in supporting this MOU.

    “This is a historic opportunity to join efforts and share knowledge between Brazilian states and California, which is a reference in combating climate change,” said Governor Renato Casagrande. “The partnership not only reaffirms our commitment to sustainability but also highlights the importance of active participation from everyone in building solutions that benefit our planet.”

    How we got here: California met its 2020 climate target six years ahead of schedule thanks to world-leading climate policies and partnerships across the U.S. and around the world, created to share best practices and support cooperation on climate work.

    • Last year, Governor Newsom welcomed a new international partnership with South Korea’s Gyeonggi Province to collaborate on climate and economic efforts. Also last year, Governor Newsom welcomed delegations from Sweden and Norway and signed renewed climate partnerships with the two governments.
    • In 2023, Governor Newsom led a California delegation to China, where California signed five MOUs – with China’s National Development and Reform Commission, the provinces of Guangdong and Jiangsu, and the municipalities of Beijing, and Shanghai. The trip also resulted in a first-of-its-kind declaration by China and California to cooperate on climate action like aggressively cutting greenhouse gas emissions, transitioning away from fossil fuels, and developing clean energy.
    • Also in 2023, California signed a MOU with the Chinese province of Hainan, as well as with Australia.
    • In 2022, California signed Memorandums of Cooperation with Canada, New Zealand and Japan, as well as Memorandums of Understanding with China and the Netherlands, to tackle the climate crisis. The Governor also joined with Washington, Oregon, and British Columbia to recommit the region to climate action.

    Press Releases, Recent News

    Recent news

    News SACRAMENTO – Governor Gavin Newsom today announced multiple clemency actions. He granted pardons in three cases. He also sent multiple clemency cases to the Board of Parole Hearings, initiating the process for granting clemency in fifteen cases. He also sent two…

    News What you need to know: Governor Newsom today released a new economic vision for California’s future with a bold plan, realized locally. The unveiling comes alongside the announcement of more than $245 million in investments to help support workers statewide,…

    News What you need to know: Governor Newsom today issued a statement in response to the Trump administration’s announcement that it had released more than $315 million of obligated money to create new water storage at the future Sites Reservoir and at the existing San…

    MIL OSI USA News

  • MIL-OSI Asia-Pac: English Translation of Opening Address by Prime Minister Shri Narendra Modi at the Plenary Session with the President of the European Commission (February 28, 2025)

    Source: Government of India

    Posted On: 28 FEB 2025 5:39PM by PIB Delhi

    Your Excellencies,

    I warmly welcome you all to India. The engagement of the EU College of Commissioners with a single country on such a broad scale is unprecedented.

    It’s the first time that so many of my ministers have collected together for any bilateral discussions. I remember how you said that India and the EU are natural partners at the Raisina Dialogue in 2022. And that strengthening and energizing ties with India, will be a priority for the EU in the coming decade.

    And now, you’re visiting India at the very beginning of your new term.This is a milestone moment for India and the EU.

    Excellencies,

    The world is currently undergoing unprecedented change. AI and emerging technologies are leading to socio-economic transformations.

    Geo-economic and political circumstances are rapidly evolving. And old equations are breaking down. In times like these, the partnership between India and the EU becomes even more important.

    A shared belief in democratic values, strategic autonomy, and rule-based global order unite India and the EU.Both countries are mega diverse market economies. In a sense, we are natural strategic partners.

    Excellencies,

    India and the EU have completed twenty years of strategic partnership. And with your visit, we are laying the foundation for the next decade.

    In this context, the remarkable commitment shown by both parties is commendable. About twenty ministerial level meetings have taken place in the last two days.

    The Trade and Technology Council meeting was also successfully organised this morning. Both teams will present a report on the ideas generated and the progress made.

    Excellencies,

    I would like to identify some priority areas of cooperation.

    The first is Trade and Investment. It is crucial to conclude a mutually beneficial FTA and Investment Protection Agreement as soon as possible.

    The second is strengthening the Supply Chain Resilience. Our capabilities can complement each other in sectors such as Electronics, Semiconductors, Telecom, Engineering, Defence, and Pharma.This will strengthen diversification and de-risking, and will aid in the creation of a secure, reliable and trusted supply and value chain.

    The third is Connectivity. The IMEC Corridor launched during the G20 Summit is a transformational initiative. Both the teams must continue working on it with strong commitment.

    The fourth is Technology and Innovation. To realise our shared vision of tech sovereignty, we must continue to make swift progress ahead. In areas such as DPI, AI, Quantum Computing, Space and 6G, both parties must work together to connect our industries, innovators, and young talents.

    The fifth is Climate Action and Green Energy Innovation. India and the EU have prioritised the Green transition. Through cooperation in sustainable urbanization, water, and clean energy, we can become drivers of global green growth.

    The sixth is Defence. We can fulfil each others’ needs through co-development and co-production. We must work to prioritise each other in export control laws.

    The seventh is Security. There is a need for greater cooperation on challenges arising from terrorism, extremism, maritime security, cyber security and space security.

    The eighth is People-to-People Ties. It should be a priority for both parties to make Migration, Mobility, Schengen Visas and EU Blue Cards simple and smooth. This stands to fulfil the needs of the EU. And India’s young workforce shall be able to make an even greater contribution to Europe’s growth and prosperity.

    Excellencies,

    For the next India-EU Summit, we must move forward with ambition, action and commitment.

    In today’s AI era, the future shall belong to those who demonstrate vision and speed.

    Excellency, I now invite you to share your thoughts.

    *****

    MJPS/ST

    (Release ID: 2106997) Visitor Counter : 84

    Read this release in: Hindi

    MIL OSI Asia Pacific News

  • MIL-OSI USA: Cyclone Flurry in the Southern Hemisphere

    Source: NASA

    Two different oceans were crowded with tropical cyclones in late February 2025. In the South Pacific, three storms were active at one point—an occurrence that is rare but not unheard of. Simultaneously, a trio of cyclones roiled in the neighboring Indian Ocean.
    Five tropical cyclones are visible in this false-color image, acquired on February 26 by the VIIRS (Visible Infrared Imaging Radiometer Suite) sensor on the NOAA-20 satellite. The image depicts infrared signals known as brightness temperature, which are useful for distinguishing cooler cloud structures (white and purple) from the warmer surface below (yellow and orange). The day before this image was acquired, a sixth storm, Tropical Cyclone Rae, was weakening east of the area shown here after bringing heavy rain to Fiji.
    Cyclones Alfred and Seru lurked alongside Rae in the South Pacific. Seru lingered offshore of Australia, reaching Category 1 strength on the Saffir-Simpson wind scale for a short time. Alfred was also forecast to stay offshore, according to the Australian Bureau of Meteorology, but was expected to bring hazardous coastal conditions to southern Queensland. The storm was at Category 2 strength on the day of this image but would intensify to Category 4 on February 27.
    Off Western Australia, Tropical Cyclone Bianca was on the tail end of its journey, having weakened to tropical storm status on February 26. The previous day, it had intensified to Category 3 but stayed far enough from land that mainland Australia and island communities were not expected to feel its effects.
    Bianca’s Indian Ocean cohabitants, Honde and Garance, posed more hazards to land. The island nation of Mauritius, east of Madagascar, shut down its airport on February 26 as Garance approached, according to news reports. The storm would strengthen from Category 2 that day to Category 3 the next, with wind speeds of 190 kilometers (120 miles) per hour. Meanwhile, Honde skirted south of Madagascar as a Category 1 storm. Heavy rain, strong winds, and storm surge were forecast for central and southern Madagascar, Mauritius, and Réunion island.
    Meteorologists noted that warm sea surface temperatures and weak wind shear conditions may have contributed to the proliferation of storms. A marine heat wave has lingered off of Western Australia since September 2024, and anomalously high sea surface temperatures warmed in the area in late February 2025. For the South Pacific, the Australian Bureau of Meteorology had predicted a higher-than-average likelihood of severe tropical cyclones this season due to expected warm ocean temperatures. Tropical cyclone season generally runs from November through April in the Southern Hemisphere.
    NASA Earth Observatory image by Michala Garrison, using MODIS and VIIRS data from NASA EOSDIS LANCE and GIBS/Worldview and the Joint Polar Satellite System (JPSS). Story by Lindsey Doermann.

    MIL OSI USA News

  • MIL-OSI USA: Public Invited to Appeal or Comment on Flood Maps in Tulsa County, Oklahoma

    Source: US Federal Emergency Management Agency

    Headline: Public Invited to Appeal or Comment on Flood Maps in Tulsa County, Oklahoma

    Public Invited to Appeal or Comment on Flood Maps in Tulsa County, Oklahoma

    DENTON, Texas – Revised Preliminary flood risk information and updated Flood Insurance Rate Maps (FIRMs) are available for review in Tulsa County, Oklahoma. Residents and business owners are encouraged to review the latest information to learn about local flood risks and potential future flood insurance requirements.The updated maps were produced in coordination with local, state and FEMA officials. Significant community review of the maps has already taken place, but before the maps become final, community residents can identify any concerns or questions about the information provided and participate in the 90-day appeal and comment period.The 90-day appeal and comment period will begin on or around Feb. 27, 2025. Appeals and comments may be submitted through May 28, 2025, for:The city of TulsaResidents may submit an appeal if they consider modeling or data used to create the map to be technically or scientifically incorrect.An appeal must include technical information, such as hydraulic or hydrologic data, to support the claim.Appeals cannot be based on the effects of proposed projects or projects started after the study is in progress.If property owners see incorrect information that does not change the flood hazard information — such as a missing or misspelled road name in the Special Flood Hazard Area or an incorrect corporate boundary — they can submit a written comment.The next step in the mapping process is to resolve all comments and appeals. Once these are resolved, FEMA will notify communities of the effective date of the final maps.To review the preliminary maps or submit appeals and comments, visit your local floodplain administrator (FPA). A FEMA Map Specialist can identify your community FPA. Specialists are available by telephone at 877-FEMA-MAP (877-336-2627) or by email at FEMA-FMIX@fema.dhs.gov.The preliminary maps may also be viewed online:The Flood Map Changes Viewer at http://msc.fema.gov/fmcvFEMA Map Service Center at http://msc.fema.gov/portalFor more information about the flood maps:Use a live chat service about flood maps at floodmaps.fema.gov/fhm/fmx_main.html (just click on the “Live Chat Open” icon).Contact a FEMA Map Specialist by telephone at 877-FEMA-MAP (877-336-2627) or by email at FEMA-FMIX@fema.dhs.gov.There are cost-saving options available for those newly mapped into a high-risk flood zone. Learn more about your flood insurance options by talking with your insurance agent or visiting floodsmart.gov.
    toan.nguyen
    Thu, 02/27/2025 – 20:14

    MIL OSI USA News

  • MIL-OSI USA: FEMA Calls in Florida May Come from Unknown Phone Numbers

    Source: US Federal Emergency Management Agency

    Headline: FEMA Calls in Florida May Come from Unknown Phone Numbers

    FEMA Calls in Florida May Come from Unknown Phone Numbers

    TALLAHASSEE, Fla.– FEMA may call Floridians who applied for disaster assistance from unknown phone numbers. It is important to answer these calls. Survivors should return any missed phone calls.FEMA may call applicants to discuss the status of their cases, or to obtain more information to continue processing their applications. Survivors should check to make sure all contact information is current. Homeowners and renters can update their contact information online at DisasterAssistance.gov, by using the FEMA App or by phone at 800-621-3362. Lines are open every day and help is available in most languages. For the latest information about Hurricane Milton recovery, visit fema.gov/disaster/4834. For Hurricane Helene, visit fema.gov/disaster/4828. For Hurricane Debby, visit fema.gov/disaster/4806. Follow FEMA on X at x.com/femaregion4 or on Facebook at facebook.com/fema.
    sixto.valentin…
    Thu, 02/27/2025 – 19:20

    MIL OSI USA News

  • MIL-OSI Europe: Italy: EIB and INWIT sign €350 million agreement to develop digital telecommunications infrastructure

    Source: European Investment Bank

    • EIB financing to support the deployment and dissemination of digital telecommunications infrastructure and improve mobile coverage and connectivity.

    The European Investment Bank (EIB) has granted INWIT €350 million in funding to boost digitalisation and connectivity in Italy, so improving mobile coverage even in the most rural areas. The agreement was signed today in Rome by EIB Vice-President Gelsomina Vigliotti and INWIT General Manager Diego Galli.

    The funding aims to support the development and implementation of macro-grid telecommunications infrastructure (raw land and rooftop towers), dedicated to enabling the connectivity of mobile network operators, including 5G and fixed wireless access (FWA) connections. Investments are also planned for micro-grid infrastructure, both outdoors (small cells) and indoors with multi-operator DAS (Distributed Antenna Systems) coverage, to improve mobile connectivity in locations such as hospitals, museums, shopping centres, underground lines and motorway tunnels.

    “This financing confirms the EIB’s commitment to supporting the development of digital infrastructure in Italy, fostering technological growth and the transition to increasingly advanced and efficient connectivity. The agreement further strengthens the partnership between the EIB and INWIT, validating the Bank’s strategic role in supporting telecommunications and promoting digital innovation in Italy,” said EIB Vice-President Gelsomina Vigliotti.

    “This partnership represents further recognition of our business model and the strategic value of our investment plan in digital and shared infrastructure, which drives economic and industrial efficiency across the value chain for the benefit of our customers. This agreement further strengthens the already solid and long-standing cooperation between INWIT and the EIB,” commented Diego Galli, General Manager of INWIT.

    Background information

    EIB 

    The European Investment Bank (ElB) is the long-term lending institution of the European Union, owned by its Member States. Built around eight core priorities, we finance investments that contribute to EU policy objectives by bolstering climate action and the environment, digitalisation and technological innovation, security and defence, cohesion, agriculture and bioeconomy, social infrastructure, high-impact investments outside the European Union, and the capital markets union.  

    The EIB Group, which also includes the European Investment Fund (EIF), signed nearly €89 billion in new financing for over 900 high-impact projects in 2024, boosting Europe’s competitiveness and security. The EIB Group signed 99 operations totalling €10.98 billion in Italy in 2024, helping to unlock almost €37 billion of investment in the real economy. All projects financed by the EIB Group are in line with the Paris Climate Agreement, as pledged in our Climate Bank Roadmap. Almost 60% of the EIB Group’s annual financing supports projects directly contributing to climate change mitigation, adaptation, and a healthier environment.  

    Fostering market integration and mobilising investment, the Group supported a record of over €100 billion in new investment for Europe’s energy security in 2024 and mobilised €110 billion in growth capital for startups, scale-ups and European pioneers. Approximately half of the EIB’s financing within the European Union is directed towards cohesion regions, where per capita income is lower than the EU average.

    High-quality, up-to-date photos of our headquarters for media use are available here.

    INWIT

    INWIT, Italy’s first tower company and one of the country’s digital infrastructure leaders, builds and manages digital shared infrastructure enabling mobile telecommunication connectivity. Its assets form part of an integrated ecosystem of macro-grids (around 25 000 towers) and micro-grids (some 600 dedicated indoor DAS roofs), including 4G and 5G of the main mobile operators, FWAs and IoT sensors. INWIT contributes to more efficient development of the telco ecosystem, which is key for the digital transition and 5G, and is also committed to reducing the digital divide via the implementation of the 5G national recovery and resilience plan. INWIT is listed on the Italian Stock Exchange (FTSE MIB – benchmark stock market index)

    MIL OSI Europe News

  • MIL-OSI Europe: Spain: EIB Group and Santander provide €163 million to support energy efficiency projects

    Source: European Investment Bank

    • The EIB Group has invested €121 million in an asset-backed securitisation operation by Santander.
    • This EIB Group investment will enable Santander to mobilise some €163 million to promote green loans for real estate.
    • The operation will support energy efficiency and sustainability projects in Spain’s residential real estate market.

    The EIB Group – made up of the European Investment Bank (EIB) and the European Investment Fund (EIF) – signed a new synthetic securitisation operation with Santander to provide financing for energy efficiency investments in the Spanish real estate sector, including the construction of new near zero-emission buildings and the renovation of existing residential properties to meet sustainability standards.

    The operation will allow new green and sustainable mortgages to be granted to individuals investing in the renovation or construction of buildings with high energy efficiency standards that meet the eligibility conditions set by the EIB.

    The projects financed by this operation will improve energy efficiency, reduce CO2 emissions and help mitigate climate change. The operation contributes to EIB Group priorities such as climate action, cohesion and developing the securitisation market in Europe.

    The EIB’s commitment amounts to around €76 million, while the EIF has committed €45 million. The full EIB Group investment is being executed in a single securitisation, optimally structured to give Santander capital relief on a portfolio of residential mortgages. Under the transaction, the EIB Group will provide a €121 million unfunded guarantee in a mezzanine tranche with the goal of enabling Santander to finance new energy efficiency investments for an amount equal to 1.34 times the size of the EIB Group guarantee.

    Background information  

    EIB 

    The European Investment Bank (ElB) is the long-term lending institution of the European Union, owned by its Member States. Built around eight core priorities, we finance investments that contribute to EU policy objectives by bolstering climate action and the environment, digitalisation and technological innovation, security and defence, cohesion, agriculture and bioeconomy, social infrastructure, high-impact investments outside the European Union, and the capital markets union.  

    The EIB Group, which also includes the European Investment Fund (EIF), signed nearly €89 billion in new financing for over 900 high-impact projects in 2024, boosting Europe’s competitiveness and security.  

    All projects financed by the EIB Group are in line with the Paris Climate Agreement, as pledged in our Climate Bank Roadmap. Almost 60% of the EIB Group’s annual financing supports projects directly contributing to climate change mitigation, adaptation, and a healthier environment.  

    Fostering market integration and mobilising investment, the Group supported a record of over €100 billion in new investment for Europe’s energy security in 2024 and mobilised €110 billion in growth capital for startups, scale-ups and European pioneers. Approximately half of the EIB’s financing within the European Union is directed towards cohesion regions, where per capita income is lower than the EU average.

    In Spain, the EIB Group signed €12.3 billion of new financing for more than 100 high-impact projects in 2024, helping power the country’s green and digital transition and promote economic growth, competitiveness and better services for inhabitants.

    High-quality, up-to-date photos of our headquarters for media use are available here.

    About Santander

    Banco Santander (SAN SM) is a leading commercial bank, founded in 1857 and headquartered in Spain and one of the largest banks in the world by market capitalization. The group’s activities are consolidated into five global businesses: Retail & Commercial Banking, Digital Consumer Bank, Corporate & Investment Banking (CIB), Wealth Management & Insurance and Payments (PagoNxt and Cards). This operating model allows the bank to better leverage its unique combination of global scale and local leadership. Santander aims to be the best open financial services platform providing services to individuals, SMEs, corporates, financial institutions and governments. The bank’s purpose is to help people and businesses prosper in a simple, personal and fair way. Santander is building a more responsible bank and has made a number of commitments to support this objective, including raising €220 billion in green financing between 2019 and 2030. At the end of 2024, Banco Santander had €1.3 trillion in total funds, 173 million customers, 8,000 branches and 207,000 employees.

    MIL OSI Europe News

  • MIL-OSI United Kingdom: Coming up next week at the London Assembly W/C 3 March

    Source: Mayor of London

    PUBLIC MEETINGS
      
    Tuesday 4 March
     
    Q&A with the Deputy Mayor for Environment and Energy
    Environment Committee
    – Chamber, City Hall, Kamal Chunchie Way, 10am

    The London Assembly Environment Committee will meet with the Deputy Mayor for Environment and Energy for a question and answer session, exploring the progress made in achieving the Mayor’s manifesto priorities, as well as wider progress on areas in the London Environmental Strategy and London’s 2030 net zero target.

    Other topics will include noise pollution, airport expansion, the proposed new green roots fund, and swimmable rivers.

    The guests are:

    • Mete Coban MBE, Deputy Mayor of London for Environment and Energy
    • Megan Life, Assistant Director for Environment and Energy, Greater London Authority (GLA)
    • Pete Daw, Head of Climate Change, GLA

    MEDIA CONTACT: Tony Smith on 07763 251727 / [email protected] 
     
    Wednesday 5 March
     
    End-of-life Care in London
    Health Committee – Chamber, City Hall, Kamal Chunchie Way, 10am

    The London Assembly Health Committee will ask guests about the state of end-of-life care provision in London, with a particular focus on end-of-life care for elderly people.

    The guests are:

    Panel 1: 10am – 11.25am

    •    Dr Katherine Buxton, Clinical Director for Palliative and End-of-Life Care Network, NHS England, London
    •    Dr Lyndsey Williams, General Practitioner and Clinical Lead for End-of-Life Care, North West London Integrated Care Board
    •    Sarah Scobie, Deputy Director of Research, Nuffield Trust

    Panel 2: 11.30am – 1pm

    • Becca Trower, Joint CEO and Clinical Director, St Raphael’s Hospice
    • Ruth Driscoll, Associate Director for Policy & Public Affairs, Marie Curie
    • Dr Armita Jamali, Consultant in Palliative Medicine, The Royal Marsden and Royal Brompton Hospitals
    • Dr Libby Sallnow, Associate Professor, Head of Marie Curie Palliative Care Research Department, University College London

    MEDIA CONTACT: Alison Bell on 07887 832918 / [email protected]  
     

    MIL OSI United Kingdom

  • MIL-OSI Video: When Climate Redefines Health | World Economic Forum Annual Meeting 2025

    Source: World Economic Forum (video statements)

    Research indicates that 3.6 billion people live in areas highly susceptible to climate change and, by 2050, the climate crisis could cause $1.1 trillion in extra costs to healthcare systems around the globe.

    How is the resilience of key sectors to climate change being measured and how are key actors responding to safeguard public health?

    This session is directly linked to the Climate and Health Initiative at the Centre for Health and Healthcare and the Centre for Nature and Climate of the World Economic Forum.

    Speakers: John Steenhuisen, Stéphane Bancel, John-Arne Røttingen, Liza Korsten, Shyam Bishen, David Knibbe, Celeste Saulo

    The 55th Annual Meeting of the World Economic Forum will provide a crucial space to focus on the fundamental principles driving trust, including transparency, consistency and accountability.

    This Annual Meeting will welcome over 100 governments, all major international organizations, 1000 Forum’s Partners, as well as civil society leaders, experts, youth representatives, social entrepreneurs, and news outlets.

    The World Economic Forum is the International Organization for Public-Private Cooperation. The Forum engages the foremost political, business, cultural and other leaders of society to shape global, regional and industry agendas. We believe that progress happens by bringing together people from all walks of life who have the drive and the influence to make positive change.

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    #Davos2025 #WorldEconomicForum #wef25

    https://www.youtube.com/watch?v=mBK-Ul_HIlc

    MIL OSI Video

  • MIL-OSI Asia-Pac: President Lai presides over third meeting of Healthy Taiwan Promotion Committee

    Source: Republic of China Taiwan

    Details
    2024-11-28
    President Lai presides over second meeting of Healthy Taiwan Promotion Committee
    On the afternoon of November 28, President Lai Ching-te presided over the second meeting of the Healthy Taiwan Promotion Committee. In his opening statement, the president said that we are implementing mental health support programs this year to provide more support for young and middle-aged people, pointing out that the policy has served over 20,000 people since it was implemented just over three months ago. In terms of bolstering mental health resiliency, the president said we still have much to do, our government must lead by example, and the public and private sectors must work together, making every effort to ensure that no one is left behind. Noting that our goal is to reduce the standardized cancer mortality rate by one-third by the year 2030, President Lai stated that next year’s budget for cancer screening will be increased to NT$6.8 billion. He also stated that plans are in the works to establish a fund for new cancer drugs, adding that in the general budget we will allocate NT$5 billion, which will gradually rise to NT$10 billion. At the same time, he said, we are also actively promoting genetic testing and precision medicine. He expressed confidence that expanding preventive screening at the front end and providing advanced treatments at the back end will effectively fight cancer and improve the overall health of our citizens. A translation of President Lai’s opening statement follows: Today is the second meeting of the Healthy Taiwan Promotion Committee. First, I want to thank our two deputy conveners, our advisors and committee members, and our friends online for their enthusiastic participation. I also want to welcome Committee Member Chien Wen-jen (簡文仁), who was on leave for the previous meeting. I would also like to introduce three new committee members: Let’s welcome Committee Member Huang Chin-shun (黃金舜), president of the Federation of Taiwan Pharmacists Associations. During the pandemic, he led the nation’s pharmacists in promoting services including name-based distribution systems for masks and rapid-test kits and home delivery of medications. I am sure that he will be able to provide many valuable views regarding pharmaceutical safety and supply resilience.    Let’s also welcome Committee Member Ko Fu-yang (柯富揚). During his time as secretary-general of the National Union of Chinese Medical Doctors’ Association, he led the Chinese medicine community in the transition from experience-based medicine to evidence-based medicine, and promoted the modernization of traditional Chinese medicine. With his participation, the committee will be able to spur research and development in both modern and traditional medicine. Our third new committee member is Liao Mei-nan (廖美南), president of the Taiwan Nurses Association, who was unable to be here today. She has long been dedicated to raising the quality of nursing care and actively promoting a high-quality, friendly work environment for nurses. The committee will rely on her experience to strengthen the link between policy and practice in nursing care. I want to thank all the members of the committee once again for working together with the government. Since the last committee meeting, under the guidance of Minister without Portfolio Chen Shih-chung (陳時中), the Ministry of Health and Welfare (MOHW) has implemented various policies. At the beginning of October, for example, three major AI centers were set up to resolve three key AI application issues: implementation, certification, and reimbursement, helping advance Taiwan’s smart healthcare ecosystem. At today’s meeting, the MOHW will first deliver a report on the progress of certain items listed in the first committee meeting, followed by a joint report by the MOHW and Ministry of Education on bolstering public mental health resilience and a report by the MOHW on enhancing cancer prevention and treatment strategies.  The World Health Organization has affirmed that “there is no health without mental health.” In a fast-changing, fast-paced society, the government should invest more resources in the field of mental health to safeguard the people’s overall health. We are therefore implementing mental health support programs this year and expanding the range of eligibility, from 15 to 30, to 15 to 45 years old, to provide more support for young and middle-aged people. That policy has served over 20,000 people since it was implemented just over three months ago. In terms of bolstering mental health resiliency, we still have much to do. From the workplace to the campus and every corner of society, our government must lead by example, and the public and private sectors must work together, making every effort to ensure that no one is left behind.    Aside from mental health, in view of cancer being the leading cause of death in Taiwan for 42 consecutive years, our goal is to reduce the standardized cancer mortality rate by one-third by the year 2030. And so we must expand screening and advance treatment. Last year, the government subsidized screenings for five types of cancer, providing a total of 4.87 million screenings and detecting 11,000 cases of cancer and 52,000 cases of precancerous conditions. We have allocated an additional NT$4 billion beginning next year, bringing the total budget for cancer screening to NT$6.8 billion, to expand the scope of cancer screening eligibility and services.  Plans are also in the works to establish a fund for new cancer drugs. In next year’s general budget we will allocate NT$5 billion, which will gradually rise to NT$10 billion, to provide reimbursement funding for a variety of new cancer drugs and reduce the economic burden on patients. These new measures will be reported on in detail moments from now by the MOHW. At the same time, we are also actively promoting genetic testing and precision medicine. Next generation sequencing, for example, has already been included in National Health Insurance coverage, which will help provide patients with precise, individualized treatment strategies. I am confident that expanding preventive screening at the front end and providing advanced treatments at the back end will effectively fight cancer and improve the overall health of our citizens. Today’s meeting will help the government understand viewpoints from many perspectives so we can promote policies that more closely meet the public’s needs. Let’s keep working hard together. Thank you.  Following his statement, President Lai heard a report on the progress of certain items listed in the first committee meeting from deputy executive secretary and National Health Insurance Administration Director General Shih Chung-liang (石崇良), a joint report on bolstering public mental health resilience from Deputy Minister of Health and Welfare Lin Ching-yi (林靜儀) and Deputy Minister of Education Lin Teng-chiao (林騰蛟), and a report on enhancing cancer prevention and treatment strategies from Deputy Minister of Health and Welfare Chou Jih-haw (周志浩). Afterward, President Lai exchanged views with the committee members regarding the content of the reports.  

    Details
    2024-11-28
    President Lai presides over first meeting of Healthy Taiwan Promotion Committee
    On the afternoon of August 22, President Lai Ching-te presided over the first meeting of the Healthy Taiwan Promotion Committee. As the committee’s convener, the president presented committee members with their letters of appointment, and explained that the Healthy Taiwan Promotion Committee is not just about promoting a Healthy Taiwan, but also achieving a Balanced Taiwan. The president stated that the committee spans various areas of expertise, and also considers the balance of Taiwan’s northern, central, southern, and eastern regions. The president expressed confidence that by soliciting a wide range of suggestions, engaging in diverse dialogue, and forging a consensus, the committee can help to realize health equality and further elevate the standard of medical care in Taiwan. President Lai indicated that next year, the Ministry of Health and Welfare’s total budget will be increased, along with expanded investment in medical treatment and care. In addition, he reported that the central government budget has also added a National Health Insurance (NHI) financial assistance program, which will help to enhance the work environments of healthcare professionals. The president stated that we will also launch the Healthy Taiwan Cultivation Plan to help rear talent and develop smart medicine. These budgets and programs, President Lai stated, reflect the government’s determination to create a Healthy Taiwan, and prove that “Healthy Taiwan” is not just a slogan, and has already been turned into concrete action. A translation of President Lai’s opening statement follows: At the end of my first month in office, I announced that the Presidential Office will establish three committees in response to three major global issues of nationwide concern: climate change, health promotion, and social resilience. These committees will consolidate forces from different sectors to strategize on national development. At the beginning of this month, we convened the first meeting of the National Climate Change Committee. Today, we convene the first meeting of the Healthy Taiwan Promotion Committee. I would like to thank the three deputy conveners and all advisors and committee members for making a commitment to the Healthy Taiwan Promotion Committee. I also want to thank our fellow citizens and friends joining us online to follow the committee’s proceedings. During my campaign, I was constantly thinking about what I could contribute to our people that is different from past presidents if I were fortunate enough to be elected. After a lot of thought, I felt that as a physician, I should utilize my professional background in health care and work together with people from all sectors of society to help create a Healthy Taiwan. Healthy Taiwan is our goal, and health is both a basic human right and a universal value. Health promotion not only involves the well-being of a nation’s people, but is also of great concern to humankind so that we may survive and thrive. Taiwan is a responsible member of the international community. Amid the challenges of the pandemic over the past few years, we have shared disease prevention supplies, technology, and experience with countries around the world, and have continued to contribute to the global public health system. Going forward, Taiwan must actively address critical health-related challenges, including cancer, transnational communicable diseases of unknown origin, antibiotic-resistant superbugs, a low birth rate, and an aging society. We are confident that, sharing countermeasures and experience with countries around the world, we can keep people healthy and make the nation stronger so that the world embraces Taiwan. I want to thank former Superintendent of National Cheng Kung University Hospital Chen Jyh-hong (陳志鴻), who is also a mentor of mine, for organizing five regional forums and a national forum for the Healthy Taiwan Promotion Alliance this past March and April. Over 1,200 healthcare professionals from all over the country attended the forums and shared their views. Premier Cho Jung-tai (卓榮泰), Vice Premier Cheng Li-chiun (鄭麗君), and I were also invited to attend the national forum and participate in full. I also want to thank the experts from various fields for their suggestions throughout this process, which became key reference points for promoting policies after we took office on May 20. The position paper on the table in front of you is a compilation of those valuable insights, which will be the foundation of our future actions. To implement the Healthy Taiwan initiative, we must also achieve a Balanced Taiwan. Therefore, the Healthy Taiwan Promotion Committee established today not only spans various areas of expertise, but also considers the balance of Taiwan’s northern, central, southern, and eastern regions to achieve nationwide health equality. I want to thank the nine advisors here with us today: Superintendent Wu Ming-shiang (吳明賢), Superintendent Chen Wei-ming (陳威明), Chairman Cherng Wen-jin (程文俊), President Chiu Kuan-ming (邱冠明), and Chairman Chang Hong-jen (張鴻仁) from northern Taiwan; Superintendent Chen Mu-kuan (陳穆寬) from central Taiwan; Superintendent Lin Sheng-che (林聖哲) and President Yu Ming-lung (余明隆) from southern Taiwan; and Superintendent Lin Shinn-zong (林欣榮) from eastern Taiwan. Your participation will give us a better understanding of viewpoints from around the country. The objective of Healthy Taiwan is to raise the population’s average life expectancy while simultaneously reducing time spent living with illness or disability, while also caring for physical, mental, and spiritual health. The 20 members of the committee are therefore drawn from a variety of fields of professional expertise. We have Superintendent Chen Shih-ann (陳適安) in the field of smart medicine, Vice-Superintendent Susan Shur-fen Gau (高淑芬) in pediatric psychiatry, medical and long-term care service integration specialist Superintendent Chan Ding-cheng (詹鼎正), and emerging infectious disease specialist Director Shen Ching-fen (沈靜芬). We have also invited Professor Tsai Sen-tien (蔡森田) to provide suggestions on optimizing healthcare services and health insurance sustainability, and invited President Chou Ching-ming (周慶明) and President Huang Cheng-kuo (黃振國) to continue promoting the Family Medicine Plan and report on primary care issues. We have also recruited President Li Yi-heng (李貽恒), who put forward the 888 Program for prevention and treatment of the “three highs” (high blood pressure, high cholesterol, and high blood sugar) and kidney disease, pediatric health specialist President Ni Yen-hsuan (倪衍玄), women’s health care specialist Secretary-General Huang Jian-pei (黃建霈), and President Hung Te-jen (洪德仁), who is focused on community development. We also have Dean Shan Yan-shen (沈延盛) from the field of cancer prevention and treatment, psychiatric and mental health specialist Professor Su Kuan-pin (蘇冠賓), epidemiology expert and Emeritus Research Fellow Ho Mei-shang (何美鄉), and biomedicine and regenerative medicine specialist Professor Patrick Ching-ho Hsieh (謝清河). The committee also includes specialist in nutrition and health for all ages President Kuo Su-e (郭素娥), and expert in the promotion of physical activity and health Vice Chairman Chien Wen-jen (簡文仁). I also want to thank Chairman Lin De-wen (林德文) for participating as we work together to enhance the health and well-being of indigenous peoples. In addition, public sector participants include Minister of National Development Liu Chin-ching (劉鏡清) and Minister of Education Cheng Ying-yao (鄭英耀), as well as Minister of Health and Welfare Chiu Tai-yuan (邱泰源), who is serving as executive secretary, and NHI Administration Director General Shih Chung-liang (石崇良) serving as deputy executive secretary. Over 80 percent of the committee’s members are from the private sector, and I will take advantage of this opportunity to continue to combine the strengths of all stakeholders throughout society to promote a healthy lifestyle for one and all, and enhance medical care for all ages. At today’s first meeting of the committee, the Ministry of Health and Welfare will brief us on two topics: the first is the Healthy Taiwan vision plan, illustrating Taiwan’s current challenges and opportunities, as well as an action blueprint. The second issue is reform and optimization for NHI sustainability. Next year will mark the 30th anniversary of our NHI system. NHI is the pride of Taiwan, because health insurance can free citizens from the vicious cycle of poverty caused by illness, or illness caused by poverty. Since 2020, the NHI system has achieved a public satisfaction rate of over 90 percent. Next year, Taiwan will also become a “super-aged society,” which means that one of every five people will be a senior citizen 65 or older. Due to new pharmaceuticals of all kinds, the development of new technologies, and citizen expectations for an optimized medical practice environment, many aspects of health insurance operations will face an increasing number of challenges. The NHI system’s core values are health equality and mutual assistance for all. Better care for everyone, however, depends on sustainable NHI operations. We closely monitor NHI system point values, but also want to embody the greater values of the system. The government will continue to refine the budget system and management, rationally distribute medical resources and stabilize point values, and continue to optimize NHI finances to enhance the efficiency and quality of services. We also look forward to working with everyone to achieve sustainable NHI development, enhance health equality, and further elevate the standard of medical care in Taiwan. I also want to report that next year, the Ministry of Health and Welfare’s total budget will reach NT$370.2 billion, an increase of NT$31.8 billion over this year. The total budget is expected to allocate NT$60.7 billion to expand investment in medical treatment and care to create a Healthy Taiwan. The central government budget has also added an NHI financial assistance program that includes incentives for maintaining specified nurse-patient ratios across all three shifts and rotating night-shift nursing staff, and promoting smart information upgrades at medical facilities to enhance the work environments of healthcare professionals. We will also launch the Healthy Taiwan Cultivation Plan, investing funds to support medical institutions at all levels nationwide, rear talent, and develop smart medicine. Regarding the fund for new cancer drugs that many cancer patients care deeply about, in next year’s general budget we will allocate NT$5 billion for health insurance funding. In 2026, that figure is expected to reach NT$10 billion. We will also promote the fifth-stage national plan for cancer prevention and treatment, and beginning next year the budget for cancer screening will be increased by NT$4 billion, reaching NT$6.8 billion, to boost screening rates. I want everyone to know that these budgets and programs reflect the government’s determination to create a Healthy Taiwan. Since I took office, the government has created plans and programs to increase nursing staff levels and promote public mental health. We also launched an Acute Hospital Care at Home pilot project to provide integrated long-term and medical care services. Once again, I would like to thank everyone here today for participating, and thank our fellow citizens for their support. I also want our fellow citizens to know that Healthy Taiwan is not just a slogan, and has already been turned into concrete action. These are all concrete, substantive actions by a government team that has been in office for less than 100 days. I am confident that with the support and participation of our committee members and advisors, and through soliciting a wide range of suggestions, engaging in diverse dialogue, and forging a consensus, our actions to create a Healthy Taiwan will more closely align with society’s expectations, and we will move more quickly and steadily toward realizing our vision. Thank you. Following his statement, President Lai presented letters of appointment to the committee members, heard a report from Minister Chiu illustrating the Healthy Taiwan vision plan, and heard a report from Director General Shih on reform and optimization for NHI sustainability. Afterward, President Lai exchanged views with the committee members regarding the content of the two reports and the Rules of Procedure for Meetings of the Office of the President Healthy Taiwan Promotion Committee.

    Details
    2024-11-28
    President Lai attends opening of International Conference on Emergency Medicine 2024
    On the morning of June 20, President Lai Ching-te attended the opening ceremony of the International Conference on Emergency Medicine (ICEM) 2024. In remarks, President Lai stated that one goal of his administration is to create an even healthier Taiwan and that we will continue to strengthen our capabilities in medicine and public health to enhance health for all and help make the world a better place. The president emphasized that the global disease prevention network is something every country should be a part of, and that if any country is missing from this network, the rest of the world will be at a disadvantage. The president then asked for the participants’ support for Taiwan to participate in the World Health Organization so that we may contribute even more to the global public health system. A transcript of President Lai’s remarks follows: I would like to begin by welcoming all guests from overseas to Taiwan. ICEM is the world’s largest conference on emergency medicine. Over 2,500 experts and academics from home and abroad have gathered here for this year’s conference. This not only underlines the importance of emergency medicine, but is also a testament to global cooperation in medicine. This year also marks TSEM’s [Taiwan Society of Emergency Medicine] 30th anniversary. I would like to thank Chairperson Ng Chip-jin (黃集仁), President Hsu Chien-chin (許建清), and everyone who helped bring ICEM to Taiwan. This conference will help expand people-to-people diplomacy, showing Taiwan’s development and contributions in emergency medicine to the world. I am confident that everyone here shares my belief that health is a basic human right. And to ensure this right, emergency medical professionals are indispensable. Before entering politics, I myself worked as a clinician. I know well that emergency rooms are at the frontline of hospitals, and often the last hope for those who need lifesaving care. Especially during the COVID-19 pandemic, we all witnessed the rapid response and important support of emergency medical professionals, who gave their all for the health of others. I want to take this opportunity to express my utmost respect for your work. The theme of ICEM 2024 is Glocalization of Emergency Medicine: Global Wisdom and Local Solution. With that in mind, I hope that through clinical research, public health, smart tech, and other strategies, we can help reduce disparities in emergency medicine around the world. Here in Taiwan, we have made major progress in emergency medicine, from developing a cutting-edge trauma care system to implementing advanced strategies for disaster response. We are also committed to training highly skilled professionals in the field, as well as developing an advanced medical infrastructure. This conference will give Taiwan the opportunity to share our experience, and allow everyone to exchange best practices, engage in discussions, and promote the global development of emergency medicine. One goal of my administration is to create an even healthier Taiwan. We will continue to strengthen our capabilities in medicine and public health to enhance health for all and help make the world a better place. A healthier Taiwan also means a booming medical sector, and an even higher quality and diversity of medical services. Taiwan has had, and will continue to have, many medical accomplishments to share with the world. Today, all of you gather here to continue making global contributions through emergency medicine. The mission of IFEM [International Federation for Emergency Medicine] is to create a world where all people, in all countries, have access to high quality emergency medical care. On this point, the global disease prevention network is something every country should be a part of. If any country is missing from this network, the rest of the world will be at a disadvantage. I would like to ask for your support for Taiwan to participate in the World Health Organization, so that we may contribute even more to the global public health system. And as President Hsu Chien-chin has said, although the road is long, if we travel together, we can travel far. With this vision as our guide, alongside our friends from around the world, Taiwan will strive to achieve our common goals and realize quality healthcare for all. I wish ICEM 2024 great success, and all participants a rewarding experience. I also invite you to travel around Taiwan during your stay, and get to know our beautiful nation. Following his remarks, President Lai and the distinguished guests took part in the kick-off ceremony for the conference. IFEM President Ffion Davies was also in attendance at the event.

    Details
    2024-11-28
    President Lai meets WHA action team
    On the morning of June 1, President Lai Ching-te met with members of Taiwan’s World Health Assembly (WHA) action team. In remarks, President Lai stated that standing on the front lines, the team fought for the human right to health for both Taiwan and the world. He also thanked the international community for their support for Taiwan. The president said that Taiwan is an indispensable member of the international community when it comes to ensuring global health security. In addition, he said that one of the new government’s goals is to create a healthier Taiwan, as we want our people to live longer and healthier, and that we want to leverage Taiwan’s strengths in public health and medicine. He said we will continue to deepen our partnerships with other countries as we build an even more resilient global public health system, and that a healthy Taiwan will help make the world a better place. A translation of President Lai’s remarks follows: I would like to warmly welcome our partners from the WHA action team back from Geneva, and express my appreciation for your hard work and efforts. Standing on the front lines, you fought for the human right to health for both Taiwan and the world, and we thank you for giving it your all. Your flight only just arrived at 7 a.m., but I can see that everyone is still in high spirits. You have truly put in your heart for Taiwan, and once again, I thank you all. It is regrettable that at this year’s WHA, constrained by political factors, a proposal item for Taiwan to join as an observer was not included in the agenda yet again. However, the hard work of our WHA action team over the years has already borne fruit. Last year, the Ministry of Health and Welfare signed MOUs with the public health agencies of the Czech Republic, Canada, and the United Kingdom, and bilateral talks this year included discussion on substantive cooperation. The bilateral talks carried out by our action team in Geneva were not only more numerous this year, but also involved officials of even higher level. The team also held professional forums addressing important issues of the WHA in cooperation with various medical and health organizations. This is all proof of Taiwan’s contribution toward global public health and the human right to health. The steps we take for Taiwan to participate in world health affairs will not falter. Support for Taiwan from the international community grows stronger year by year. This year, 26 member states of the World Health Organization and the European Union, which is an observer, directly or indirectly voiced their support for Taiwan’s participation in the WHA. Their support reaffirms that Taiwan is an indispensable member of the international community when it comes to ensuring global health security. Health knows no borders. Health is a basic human right. One of the new government’s goals is to create a healthier Taiwan. We want our people to live longer and healthier. And we also want to leverage Taiwan’s strengths in public health and medicine, as we deepen our cooperation with other countries and work together to advance the health of humankind and global sustainable development. I want to thank the member states for their support for Taiwan. I also want to once again thank the members of the WHA action team and our many friends, both here and outside of Taiwan, for their hard work on this issue. Moving forward, we will continue to deepen our partnerships with other countries as we build an even more resilient global public health system. So just as democratic Taiwan continues to shine its light upon the world, a healthy Taiwan will help make the world a better place. On that note, let us keep working together toward these goals. After President Lai concluded his remarks, Minister of Health and Welfare Chiu Tai-yuan (邱泰源) presented a photo collage to show President Lai some of the highlights of the action team’s activities in Geneva.

    Details
    2024-11-28
    President Tsai meets World Medical Association President Lujain Alqodmani
    On the morning of December 11, President Tsai Ing-wen met with a delegation led by World Medical Association (WMA) President Dr. Lujain Alqodmani. In remarks, President Tsai thanked the WMA for its many years of speaking up for Taiwan on the international stage. President Tsai emphasized that we will continue to show how Taiwan can help by actively contributing to global health security. The president expressed her belief that with Taiwan’s achievements and capabilities in medicine and public health, we can join forces with many more countries to optimize the medical environment and make a more positive impact on the health of humankind. A translation of President Tsai’s remarks follows: I extend a warm welcome to President Alqodmani, who is visiting Taiwan once again. I am also glad to see WMA Secretary General Dr. Otmar Kloiber. Both of you are well acquainted with Taiwan and are our close friends. You have demonstrated your support through concrete actions. I would like to express my deepest thanks. The WMA is the largest international NGO that represents physicians. You staunchly defend health security and the rights and interests of physicians around the world with professionality and impartiality. I want to take this opportunity to thank the WMA on behalf of the Taiwanese people for its longstanding support of our participation in the World Health Organization (WHO) and World Health Assembly (WHA). This May, for example, our WHA action team collaborated with the WMA to hold a forum on emergency medicine in Geneva in the lead-up to the WHA. We will continue to show how Taiwan can help by actively contributing to global health security. During the COVID-19 pandemic, Taiwan demonstrated the resilience of its public healthcare system and shared its experiences in combating the pandemic with the world. We have also shared our medical services and construction capabilities, two areas in which we excel, with our diplomatic allies to help enrich the lives of their people and enhance the quality and environment of healthcare. We hope that President Alqodmani and Secretary General Kloiber will continue to speak up for Taiwan on the international stage. I believe that with Taiwan’s achievements and capabilities in medicine and public health, we can join forces with many more countries to optimize the medical environment. Together, we can make a more positive impact on the health of humankind. I also want to thank the Taiwan Medical Association (TMA) for serving as a bridge of communication between the government and the medical community, which helps us in implementing many of our policies. We look forward to the TMA further expanding exchanges and cooperation between the medical and international communities. I am looking forward to exchanging ideas with you today. Your visit to Taiwan will no doubt lay the groundwork for further cooperation. I wish you all a successful trip.

    Details
    2025-02-14
    President Lai holds press conference following high-level national security meeting
    On the morning of February 14, President Lai Ching-te convened the first high-level national security meeting of the year, following which he held a press conference. In remarks, President Lai announced that in this new year, the government will prioritize special budget allocations to ensure that Taiwan’s defense budget exceeds 3 percent of GDP. He stated that the government will also continue to reform national defense, reform our legal framework for national security, and advance our economic and trade strategy of being rooted in Taiwan while expanding globally. The president also proposed clear-cut national strategies for Taiwan-US relations, semiconductor industry development, and cross-strait relations. President Lai indicated that he instructed the national security and administrative teams to take swift action and deliver results, working within a stable strategic framework and according to the various policies and approaches outlined. He also instructed them to keep a close watch on changes in the international situation, seize opportunities whenever they arise, and address the concerns and hope of the citizens with concrete actions. He expressed hope that as long as citizens remain steadfast in their convictions, are willing to work hand in hand, stand firm amidst uncertainty, and look for ways to win within changing circumstances, Taiwan is certain to prevail in the test of time yet again. A translation of President Lai’s remarks follows: First, I would like to convey my condolences for the tragic incident which occurred at the Shin Kong Mitsukoshi department store in Taichung, which resulted in numerous casualties. I have instructed Premier Cho Jung-tai (卓榮泰) to lead the relevant central government agencies in assisting Taichung’s municipal government with actively resolving various issues regarding the incident. It is my hope that these issues can be resolved efficiently. Earlier today, I convened this year’s first high-level national security meeting. I will now report on the discussions from the meeting to all citizens. 2025 is a year full of challenges, but also a year full of hope. In today’s global landscape, the democratic world faces common threats posed by the convergence of authoritarian regimes, while dumping and unfair competition from China undermine the global economic order. A new United States administration was formed at the beginning of the year, adopting all-new strategies and policies to address challenges both domestic and from overseas. Every nation worldwide, including ours, is facing a new phase of changes and challenges. In face of such changes, ensuring national security, ensuring Taiwan’s indispensability in global supply chains, and ensuring that our nation continues to make progress amidst challenges are our top priorities this year. They are also why we convened a high-level national security meeting today. At the meeting, the national security team, the administrative team led by Premier Cho, and I held an in-depth discussion based on the overall state of affairs at home and abroad and the strategies the teams had prepared in response. We summed up the following points as an overall strategy for the next stage of advancing national security and development. First, for overall national security, so that we can ensure the freedom, democracy, and human rights of the Taiwanese people, as well as the progress and development of the nation as we face various threats from authoritarian regimes, Taiwan must resolutely safeguard national sovereignty, strengthen self-sufficiency in national defense, and consolidate national defense. Taiwan must enhance economic resilience, maintain economic autonomy, and stand firm with other democracies as we deepen our strategic partnerships with like-minded countries. As I have said, “As authoritarianism consolidates, democratic nations must come closer in solidarity!” And so, in this new year, we will focus on the following three priorities: First, to demonstrate our resolve for national defense, we will continue to reform national defense, implement whole-of-society defense resilience, and prioritize special budget allocations to ensure that our defense budget exceeds 3 percent of GDP. Second, to counter the threats to our national security from China’s united front tactics, attempts at infiltration, and cognitive warfare, we will continue with the reform of our legal framework for national security and expand the national security framework to boost societal resilience and foster unity within. Third, to seize opportunities in the restructuring of global supply chains and realignment of the economic order, we will continue advancing our economic and trade strategy of being rooted in Taiwan while expanding globally, strengthening protections for high-tech, and collaborating with our friends and allies to build supply chains for global democracies. Everyone shares concern regarding Taiwan-US relations, semiconductor industry development, and cross-strait relations. For these issues, I am proposing clear-cut national strategies. First, I will touch on Taiwan-US relations. Taiwan and the US have shared ideals and values, and are staunch partners within the democratic, free community. We are very grateful to President Donald Trump’s administration for their continued support for Taiwan after taking office. We are especially grateful for the US and Japan’s joint leaders’ statement reiterating “the importance of maintaining peace and stability across the Taiwan Strait as an indispensable element of security and prosperity for the international community,” as well as their high level of concern regarding China’s threat to regional security. In fact, the Democratic Progressive Party government has worked very closely with President Trump ever since his first term in office, and has remained an international partner. The procurement of numerous key advanced arms, freedom of navigation critical for security and stability in the Taiwan Strait, and many assisted breakthroughs in international diplomacy were made possible during this time. Positioned in the first island chain and on the democratic world’s frontline countering authoritarianism, Taiwan is willing and will continue to work with the US at all levels as we pursue regional stability and prosperity, helping realize our vision of a free and open Indo-Pacific. Although changes in policy may occur these next few years, the mutual trust and close cooperation between Taiwan and Washington will steadfastly endure. On that, our citizens can rest assured. In accordance with the Taiwan Relations Act and the Six Assurances, the US announced a total of 48 military sales to Taiwan over the past eight years amounting to US$26.265 billion. During President Trump’s first term, 22 sales were announced totaling US$18.763 billion. This greatly supported Taiwan’s defensive capabilities. On the foundation of our close cooperation with the past eight years’ two US administrations, Taiwan will continue to demonstrate our determination for self-defense, accelerate the bolstering of our national defense, and keep enhancing the depth and breadth of Taiwan-US security cooperation, along with all manner of institutional cooperation. In terms of bilateral economic cooperation, Taiwan has always been one of the US’s most reliable trade partners, as well as one of the most important cooperative partners of US companies in the global semiconductor industry. In the past few years, Taiwan has greatly increased both direct and indirect investment in the US. By 2024, investment surpassed US$100 billion, creating nearly 400,000 job opportunities. In 2023 and 2024, investment in the US accounted for over 40 percent of Taiwan’s overall foreign investment, far surpassing our investment in China. In fact, in 2023 and 2024, Taiwanese investment in China fell to 11 percent and 8 percent, respectively. The US is now Taiwan’s biggest investment target. Our government is now launching relevant plans in accordance with national development needs and the need to establish secure supply systems, and the Executive Yuan is taking comprehensive inventory of opportunities for Taiwan-US economic and trade cooperation. Moving forward, close bilateral cooperation will allow us to expand US investment and procurement, facilitating balanced trade. Our government will also strengthen guidance and support for Taiwanese enterprises on increasing US investment, and promote the global expansion and growth of Taiwan’s industries. We will also boost Taiwan-US cooperation in tech development and manufacturing for AI and advanced semiconductors, and work together to maintain order in the semiconductor market, shaping a new era for our strategic economic partnership. Second, the development of our semiconductor industry. I want to emphasize that Taiwan, as one of the world’s most capable semiconductor manufacturing nations, is both willing and able to address new situations. With respect to President Trump’s concerns about our semiconductor industry, the government will act prudently, strengthen communications between Taiwan and the US, and promote greater mutual understanding. We will pay attention to the challenges arising from the situation and assist businesses in navigating them. In addition, we will introduce an initiative on semiconductor supply chain partnerships for global democracies. We are willing to collaborate with the US and our other democratic partners to develop more resilient and diversified semiconductor supply chains. Leveraging our strengths in cutting-edge semiconductors, we will form a global alliance for the AI chip industry and establish democratic supply chains for industries connected to high-end chips. Through international cooperation, we will open up an entirely new era of growth in the semiconductor industry. As we face the various new policies of the Trump administration, we will continue to uphold a spirit of mutual benefit, and we will continue to communicate and negotiate closely with the US government. This will help the new administration’s team to better understand how Taiwan is an indispensable partner in the process of rebuilding American manufacturing and consolidating its leadership in high-tech, and that Taiwan-US cooperation will benefit us both. Third, cross-strait relations. Regarding the regional and cross-strait situation, Taiwan-US relations, US-China relations, and interactions among Taiwan, the US, and China are a focus of global attention. As a member of the international democratic community and a responsible member of the region, Taiwan hopes to see Taiwan-US relations continue to strengthen and, alongside US-China relations, form a virtuous cycle rather than a zero-sum game where one side’s gain is another side’s loss. In facing China, Taiwan will always be a responsible actor. We will neither yield nor provoke. We will remain resilient and composed, maintaining our consistent position on cross-strait relations: Our determination to safeguard our national sovereignty and protect our free and democratic way of life remains unchanged. Our efforts to maintain peace and stability in the Taiwan Strait, as well as our willingness to work alongside China in the pursuit of peace and mutual prosperity across the strait, remain unchanged. Our commitment to promoting healthy and orderly exchanges across the strait, choosing dialogue over confrontation, and advancing well-being for the peoples on both sides of the strait, under the principles of parity and dignity, remains unchanged. Regarding the matters I reported to the public today, I have instructed our national security and administrative teams to take swift action and deliver results, working within a stable strategic framework and according to the various policies and approaches I just outlined. I have also instructed them to keep a close watch on changes in the international situation, seize opportunities whenever they arise, and address the concerns and hope of the citizens with concrete actions. My fellow citizens, over the past several years, Taiwan has weathered a global pandemic and faced global challenges, both political and economic, arising from the US-China trade war and Russia’s invasion of Ukraine. Through it all, Taiwan has persevered; we have continued to develop our economy, bolster our national strength, and raise our international profile while garnering more support – all unprecedented achievements. This is all because Taiwan’s fate has never been decided by the external environment, but by the unity of the Taiwanese people and the resolve to never give up. A one-of-a-kind global situation is creating new strategic opportunities for our one-of-a-kind Taiwanese people, bringing new hope. Taiwan’s foundation is solid; its strength is great. So as long as everyone remains steadfast in their convictions, is willing to work hand in hand, stands firm amidst uncertainty, and looks for ways to win within changing circumstances, Taiwan is certain to prevail in the test of our time yet again, for I am confident that there are no difficulties that Taiwan cannot overcome. Thank you.

    MIL OSI Asia Pacific News

  • MIL-OSI USA: SBA Opens Business Recovery Centers in Florida to Assist Small Businesses and Private Nonprofits Affected by Hurricanes Helene and Milton

    Source: United States Small Business Administration

    ATLANTA –The U.S. Small Business Administration (SBA) announced the opening of three Business Recovery Centers (BRCs) in Manatee, Sarasota and Volusia counties to assist small businesses and private nonprofit (PNP) organizations who sustained economic losses from Hurricanes Helene and Milton.

    SBA customer service representatives will be on hand at the BRCs to answer questions about SBA’s disaster loan program, explain the application process and help individuals complete their application. Walk-ins are accepted, but you can schedule an in-person appointment in advance at appointment.sba.gov. The BRC’s opening dates and hours of operation are listed below.

    Business Recovery Center (BRC)  

    Manatee County  

    Tingley Memorial Library

    111 2nd St. N.  

    Bradenton Beach, FL 34217

    Opening: Friday, Feb. 28, 10 a.m. to 5 p.m.  

    Hours:         Monday – Friday, 8 a.m. to 5 p.m.  

     Closed:      Saturday and Sunday   

    Business Recovery Center (BRC)  

    Sarasota County  

     Sanford Information Center  

    (Entrance on Ringling Blvd)

     111 S. Orange Avenue

    Sarasota, FL 34236

     Opening: Monday, March 3, 10 a.m. to 5 p.m.  

     Hours:         Monday – Friday, 8 a.m. to 5 p.m.  

    Closed:       Saturday and Sunday  

    Business Recovery Center (BRC)  

    Volusia County  

    UCF Business Incubator Volusia County

    601 Innovation Way  

    Daytona Beach, FL 32114

    Opening: Friday, Feb. 28, 10 a.m. to 6 p.m.  

    Hours:         Monday – Friday, 8 a.m. to 5 p.m.  

    Closed:      Saturday and Sunday  

    “SBA’s BRCs have consistently proven their value to business owners following a disaster,” said Chris Stallings, associate administrator of the Office of Disaster Recovery and Resilience at the SBA. “Business owners can visit these centers to meet face-to-face with specialists who will guide them through the disaster loan application process and connect them with resources to support their recovery.

    The SBA’s Economic Injury Disaster Loan (EIDL) program is available to small businesses, small agricultural cooperatives, nurseries, and PNPs impacted by financial losses directly related to these disasters. The SBA is unable to provide disaster loans to agricultural producers, farmers, or ranchers, except for small aquaculture enterprises.

    EIDLs are available for working capital needs caused by the disaster and are available even if the business or PNP did not suffer any physical damage. The loans may be used to pay fixed debts, payroll, accounts payable, and other bills not paid due to the disaster.  

    The loan amount can be up to $2 million with interest rates as low as 4% for small businesses and 3.25% for PNPs, with terms up to 30 years. Interest does not accrue, and payments are not due, until 12 months from the date of the first loan disbursement. The SBA sets loan amounts and terms based on each applicant’s financial condition.

    To apply online and receive additional disaster assistance information visit sba.gov/disaster. Applicants may also call the SBA’s Customer Service Center at (800) 659-2955 or send an email to disastercustomerservice@sba.gov for more information on SBA disaster assistance. For people who are deaf, hard of hearing, or have a speech disability, please dial 7-1-1 to access telecommunications relay services.

    The deadlines to return economic injury applications are June 24, 2025, for Tropical Storm Debby and June 30, 2025, for Hurricane Helene.

    ###

    About the U.S. Small Business Administration

    The U.S. Small Business Administration helps power the American dream of business ownership. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow or expand their businesses, or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit www.sba.gov. 

    MIL OSI USA News

  • MIL-OSI USA: Cantwell Statement on Mass NOAA Layoffs

    US Senate News:

    Source: United States Senator for Washington Maria Cantwell
    02.27.25
    Cantwell Statement on Mass NOAA Layoffs
    WASHINGTON, D.C. – Today, the Trump Administration laid off at least 880 workers from the National Oceanic and Atmospheric Administration (NOAA). U.S. Senator Maria Cantwell (D-WA), ranking member of the Senate Committee on Commerce, Science, and Transportation and senior member of the Senate Finance Committee, issued the following statement:
    “The firings jeopardize our ability to forecast and respond to extreme weather events like hurricanes, wildfires, and floods—putting communities in harm’s way. They also threaten our maritime commerce and endanger 1.7 million jobs that depend on commercial, recreational and tribal fisheries, including thousands in the State of Washington. This action is a direct hit to our economy, because NOAA’s specialized workforce provides products and services that support more than a third of the nation’s GDP.”
    Last week, Sen. Cantwell sent a letter to Secretary of Commerce Howard Lutnick, calling on him to exempt the National Weather Service (NWS) from the federal hiring freeze, and protect all NOAA workers from firings “that would jeopardize the safety of the American public.”
    “Without NOAA’s workforce, communities will not be prepared for the next big Nor’easter, hurricane, wildfire, or drought,” wrote Sen. Cantwell. “Ships will not be able to safely navigate through our waterways. Farmers will not have the data they need to manage their crops. NOAA’s workforce keeps people alive and provides communities with the scientific support tools to protect their families and grow their businesses. I urge you to appreciate these critical government functions and reverse the hiring freeze and refrain from mass firings of these invaluable public servants—American lives depend on it.”
    Also last week, speaking in opposition to the nomination of now-Secretary Lutnick on the Senate floor, Sen. Cantwell cited his “tepid support” for NOAA as a key reason for her decision to vote against his confirmation.
    “When asked for the record, ‘Should NOAA be dismantled, as called for in Project 2025?’, Mr. Lutnick would only say he’ll figure it out once he’s confirmed,” Sen. Cantwell said. “We needed a bigger commitment to NOAA. NOAA already supplies a big, important aspect of what we deal with, with weather forecasting, tracking extreme weather, hurricanes, wildfires, managing our fisheries, operating ships that conduct important charting for national security. Mr. Lutnick gave very tepid support for NOAA.”
    Project 2025 calls for NOAA to be “dismantled and many of its functions eliminated,” calling it part of the “climate change alarm industry.” NOAA provides critical services to the nation including weather forecasts, extreme storm tracking and monitoring, tools to enable communities to adapt to sea level rise and climate change, supporting fisheries management, and conserving marine mammals and other protected species including salmon and orcas.
    Sen. Cantwell is a champion of NOAA and helped secure $3.3 billion in NOAA investments in the Inflation Reduction Act to help communities prepare for and adapt to climate change, boost science needed to understand changing weather and climate patterns, and invest in advanced computer technologies that are critical for extreme weather prediction and emergency response. Her Fire Ready Nation Act, bipartisan legislation to strengthen NOAA’s ability to help forecast, prevent, and fight wildfires, passed the Commerce committee unanimously earlier this month and now heads to the full Senate for consideration.

    MIL OSI USA News

  • MIL-OSI Australia: Bureau of Meteorology’s 2025 Autumn Long-Range Forecast

    Source: Weather Warnings – Australia

    27/02/2025

    The Bureau of Meteorology has released its long-range forecast for autumn 2025.

    While autumn is often a time for cooler weather to begin, this season is very likely to be warmer than average across Australia and summer heat may persist into early autumn.

    Rainfall is likely to be in the typical range for the season for most of Australia.

    However, for parts of the far north-west of the country there is a chance of above average rainfall.

    It’s also likely to be drier than usual for most of Queensland except for southern and south-east areas.

    Tropical cyclones, tropical lows, storms and active monsoon bursts are still possible in the north over the coming months, which can bring particularly heavy rain.

    The Australasian Fire and Emergency Services Authorities Council (AFAC) has identified areas with an increased risk of fire this season for southern areas of Victoria, Western Australia and South Australia.

    The Bureau updates the long-range forecast often and you can search the latest details for your location on the Bureau’s website, visit: Long-range forecasts and climate monitoring, Bureau of Meteorology

    2025 Autumn long-range forecast (states and territories)

    New South Wales and the ACT

    Most of NSW (including the ACT) is likely to have rainfall in the typical range for autumn.

    Average autumn rainfall in recent decades has been between 100 and 400 mm along most of eastern NSW, while western and central NSW have between 25 and 100 mm, and up to 600 mm in parts of the north coast.

    Warmer than usual autumn temperatures are very likely across the state.

    Victoria

    Most of Victoria is likely to have rainfall in the typical range for autumn.

    Average autumn rainfall in recent decades ranges between 50 mm in the state’s north-west and up to 300 mm in eastern and alpine areas

    Warmer than usual autumn temperatures are very likely across the state.

    Queensland

    Autumn is likely to be drier than usual for most of Queensland except for southern and south-east areas.

    The southern most quarter of the state is likely to have rainfall in the typical range for autumn.

    Average autumn rainfall in recent decades has been between 200 and 1,200 mm along most of the state’s east, while western and central Queensland have between 25 and 200 mm.

    Warmer than usual autumn temperatures are likely across the state.

    Western Australia

    Most of Western Australia is likely to have rainfall in the typical range for autumn.

    There’s an increased chance of above average rainfall this autumn for parts of the northern Kimberley.

    Average autumn rainfall in recent decades has been between 50 and 300 mm for most of the South West Land Division, between 50 and 200 mm mid-state, and up to 400 mm in the far north.

    Warmer than usual autumn temperatures are likely across the state.

    South Australia

    Most of South Australia is likely to have rainfall in the typical range for autumn.

    Average autumn rainfall in recent decades has been between 50 and 200 mm for urban and agricultural areas, and 10 to 50 mm for the pastoral districts.

    Warmer than usual autumn temperatures are very likely across the state.

    Tasmania

    Most of Tasmania is likely to have rainfall in the typical range for autumn.

    Average autumn rainfall in recent decades has been between 400 and 800 mm for western Tasmania, while eastern areas typically have between 100 and 300 mm.

    Warmer than usual autumn temperatures are very likely across the state.

    Northern Territory

    Most of the Territory is likely to have rainfall in the typical range for this time of year.

    Parts of the east may have below average rainfall.

    Average March to May rainfall in recent decades has been between 100 and 600 mm along most of the north, and inland areas have had between 25 and 100 mm.

    Warmer than usual temperatures are likely across most of the Territory.

    Summer – Preliminary Summary

    Summer has been much warmer than usual for most of Australia.

    Every state and territory had above-average daytime and night-time temperatures.

    Parts of the west and some central areas had their warmest summer on record.

    Summer has been wetter than usual for parts of the country’s east and north-west.

    Conditions have been drier than average across parts of the country’s south and central areas and large parts of the Northern Territory.

    The national summary for summer and February will be on the Bureau’s website from 3 March: News reports and summaries

    Detailed summaries for summer and February conditions for each state and capital city will be published on 5 March.

    ENDS

    MIL OSI News

  • MIL-OSI Canada: Special Public Avalanche Warning in place for BC and western Alberta backcountry

    Source: Government of Canada regional news

    From Avalanche Canada: https://avalanche.ca/news/20250227-spaw
    French version: https://avalanche.ca/fr/news/20250227-spaw

    Avalanche Canada, in partnership with Parks Canada, Alberta Parks, and the Province of British Columbia, has issued a Special Public Avalanche Warning for recreational backcountry users across most forecast regions in BC and Alberta. This special warning is in effect immediately and remains in place through Monday, March 3.

    A cohesive slab of snow 30 to 100 centimetres thick sits over a variety of prominent weak layers in the upper snowpack that formed during dry periods in January and February. This has created a reactive avalanche problem leading to serious incidents and close calls. While natural avalanche activity has slowed, human-triggered avalanches remain likely.

    “We’ve been tracking these weak layers closely over this past month,” says Avalanche Canada Avalanche Forecaster Zoe Ryan. “Now that the snow on top of them has consolidated, it’s a recipe for dangerous avalanches. These highly problematic layers remain primed for human triggering.”

    “We know backcountry users are eager to enjoy the snow,” adds Ryan, “but this is a tricky avalanche problem. The snowpack is going to take time to strengthen. Good travel habits and selecting conservative terrain will be critical because getting caught in one of these avalanches could be deadly.”

    To reduce risk, Avalanche Canada recommends:

    • Sticking to lower-angle slopes (less than 30 degrees)
    • Choosing terrain that minimizes the consequences of an avalanche
    • Traveling one at a time when exposed to avalanche terrain
    • Avoiding sun-exposed slopes during warm and/or sunny conditions

    “Avalanche conditions across B.C. are especially dangerous, and I strongly urge people to stay alert and be extra careful,” says Kelly Greene, Minister of Emergency Management and Climate Readiness. “The weather is starting to warm, and that will bring more people to the mountains. Avalanches can have devastating consequences and, tragically, have claimed the lives of two people in B.C. this year. I urge everyone to check the avalanche forecast before heading out, make cautious decisions, and consider delaying their trip to the mountains until conditions are safer.”

    Backcountry users should always check the avalanche forecast at https://avalanche.ca. Everyone in a backcountry group must carry essential rescue gear — an avalanche transceiver, probe, and shovel — and have the training to know how to use it. 

    For a map of the SPAW regions, click: https://asset.cloudinary.com/avalanche-ca/e51a348a2e1e74f71b8e525a4da47a3f

    MIL OSI Canada News

  • MIL-OSI USA: Making Innovation Happen: New IN² Cohort Focuses on Advanced Energy Implementation

    Source: US National Renewable Energy Laboratory


    Teens sit outside of Ponderosa High School in Coconino County, Arizona, in the garden that students created and maintained. Photo from Ponderosa High School

    At Ponderosa High School in Coconino County, Arizona, students are determined to overcome obstacles on their path to graduation. Some arrive behind on credits, while others are returning to the classroom after time away. The alternative school offers more than a second chance—it is an opportunity for transformation.

    That is just one reason why Coconino County Schools selected Ponderosa as the focus of an advanced energy initiative through the Wells Fargo Innovation Incubator (IN2), managed by the U.S. Department of Energy’s National Renewable Energy Laboratory (NREL).

    “Our goal at Ponderosa is to create opportunities that shift perspectives—helping students see a hopeful future and discover industries they may not have considered,” Ponderosa High Principal Les Hauer said. “The energy future is full of possibility, and this initiative helps us show students what’s possible while preparing them to succeed.”

    Coconino County is one of 10 members of IN2’s latest cohort, which marked a significant milestone for the program. For the first time in its 10-year history, IN2 shifted its focus from supporting startups to implementing energy technologies within established organizations.

    Before pitching their projects in December 2024, participants engaged in months of preparation and education, including technology selection and impact analyses. The pitch session culminated in the cohort presenting their plans to install and use a tool or system within six months, with winners receiving a share of $750,000 in Wells Fargo funding to bring their projects to life.

    “This is a monumental new direction for IN2,” said IN2 Program Manager Sarah Derdowski. “IN2 continues to help startups move forward over the ‘valleys of death,’ but now we also get to support the implementation of innovative technologies and make real progress in building a resilient, adaptable future.”

    Pumpkins grow in the student garden outside of Ponderosa High School. Photo from Ponderosa High School

    The participants in the cohort are:

    • Avangrid
    • Coconino County
    • CBRE
    • Digital Realty
    • Galvanize Real Estate (GRE)
    • Intermountain Health
    • Prime Data Centers
    • Schneider Electric
    • Southern Company
    • University of Colorado Boulder.

    Although some cohort members are large companies, they face unique barriers where IN2’s support is invaluable. During pitch day, one of the presenters made the problem plain: Even large, well-funded organizations may find resistance to innovative technologies if they might compromise profitability.

    “Pursuing new technologies is often seen as a cost and business risk for any size organization,” said Howard Branz, director of science and impact for Galvanize Climate Solutions. “At GRE, our scientists and investors work together to mitigate these risks by piloting technologies in real-world settings where we can test and prove their performance, ensuring that increasing profitability and meeting our metrics go hand-in-hand. The IN2 award allows us to further accelerate the deployment of cutting-edge building technology solutions, advancing our goals.”

    Coconino County’s Teaching Moment

    Coconino County’s ambitious vision stood out among the pitches in early December with its goal of reducing the district’s energy consumption by 40% while creating a replicable school model for the region.

    “We hope to transform our local schools by serving as a demonstration site for retrofitting and energy practices,” Superintendent Cheryl Mango-Paget said.

    Ponderosa High School, located near the Grand Canyon, has about 70 students. The district identified heating, ventilation, and air conditioning (HVAC) as the best opportunity because it could have the greatest impact. The district’s aging air conditioning units are due for replacement, and the hope is that Ponderosa can serve as a blueprint for surrounding schools.

    To achieve that, Coconino County would integrate three technologies in one building. Blue Frontier, a company that graduated from IN2 several years ago, will install a new AC unit that uses liquid desiccant technology developed by NREL. Rensair will improve air quality. And Komfort will address energy through lighting. The single Blue Frontier unit could replace up to 18 AC units already on the building. Estimates done during IN2 show the new systems, at minimum, could cut utility costs by 50%.

    Participants from Coconino County pitch their proposal during the pitch day in early December 2024. Photo by Agata Bogucka, NREL

    “This partnership with NREL and IN2 is a powerful teaching tool,” Hauer said. “We’re giving students a hands-on experience beyond the classroom by letting them observe the installation process.”

    While the students will not install the systems themselves, they will learn from the process and gain insight into future job opportunities in the HVAC and advanced energy industries.

    CBRE’s AC Pivot

    When Jeff Dunbar, senior sustainability director for CBRE, first got involved with IN2, he thought their project would focus on advanced cement. Then he realized they only had six months to implement, so he pivoted to a faster solution: rooftop HVAC units.

    “We replace thousands of rooftop units every year in the U.S.,” Dunbar said. “This became an easy lever for us to pull.”

    CBRE manages more than 7 billion square feet of property around the world and spent more than $33 billion with suppliers last year globally. Once CBRE identified the HVAC direction, NREL helped pinpoint where to go next.

    Jeff Dunbar, senior sustainability director for CBRE, pitches the company’s proposal during the IN2 pitch day. Photo by Agata Bogucka, NREL

    “I stood in a room at NREL and stared at Blue Frontier’s mockup of this technology while an NREL engineer explained how it works,” Dunbar said. “Together, we found our ‘Goldilocks’ site that matches the necessary specs on a building in Delaware.”

    The pilot project will install and test Blue Frontier’s unit on this building in Delaware, with the potential of replicating it at other sites nationwide. The system is designed as a drop-in replacement—it integrates seamlessly with existing infrastructure and eliminates the need for costly modifications.

    “Our hope is that by the end of the first summer season, the results will give us the confidence to move forward with other sites,” Dunbar said during the pitch.

    Additionally, CBRE is not giving up on the idea of an advanced cement project.

    “As an offshoot, NREL pulled us into conversations with several advanced concrete partners about a potential project in 2025,” Dunbar said. “We can continue to pursue the concrete challenge outside of the IN2 program.”

    Intermountain Health’s Strive for Change

    Glen Garrick, system sustainability director for Intermountain Health, is also working with NREL on a project separate from the IN2 pitch he presented. The company has 16 traditional shuttles, and it wants to change that and incorporate advanced technologies.

    Initially, the employee responsible for managing the fleet resisted the idea, uncertain about its feasibility. But the project gained momentum after a visit to NREL.

    “We flew out to NREL and sat in a room talking with 10 experts,” Garrick said. “Some on our team had a healthy skepticism about the shuttles. But after candid discussions with subject matter experts and experienced professionals from NREL, those individuals on our team completely changed their mindset.”

    With approximately 400 clinics and 34 hospitals across the Intermountain West, Intermountain Health plans to order the first set of shuttles in 2025 and begin using them in 2026.

    In addition to the shuttles, Garrick presented a pilot project at one location that would include a solar canopy with panels that move with the sun and battery storage for advanced energy.

    “We tried to find projects that have a long payback because those wouldn’t get approved without IN2,” Garrick said. “It’s not meant to be a huge sexy project—it’s a demonstration project that helps us start to shift toward more on-campus renewables.”

    The driving force is to avoid taking money away from patient care.

    “Every dollar that goes to energy or waste is one less for patient funding,” he said. “Whenever I can bring in external funding, that’s money saved for patient care.”

    During the IN2 pitch day, the attendees networked with each other in between the pitches from the different participants. Photo by Agata Bogucka, NREL

    NREL’s Assistance

    This IN2 cohort did not have to figure out the solutions to their challenges on their own. With guidance from NREL experts and support from consulting firm Overlay Build, participants overcame technical and strategic hurdles unique to their companies to move their projects forward.

    For Coconino County, narrowing down a daunting list of 168 potential HVAC technologies was a critical first step.

    “When I saw the list, first I cried,” Mango-Paget said. “But IN2 and NREL helped us discover the best bang for our buck, and that led us to three companies that could make the biggest impact.”

    NREL’s support did not stop at the planning phase. For CBRE, NREL’s direct involvement in monitoring the Delaware pilot will ensure a smooth transition from concept to implementation.

    “The scientists who helped birth this liquid desiccant technology are going to come help monitor the site in Delaware,” Dunbar said. “That helps de-risk it for us. We’re trying to do this at scale; it’s exciting to be at the front end of that curve.”

    The value of NREL’s expertise also extends beyond IN2’s formal structure. Garrick believes Intermountain’s partnership with NREL will continue independently of the IN2 project.

    “I could see a new project evolving in the next six months,” he said. “We have all the contacts, and I think it’s entirely possible we’ll reach out directly for support.”

    By providing both education now and actionable solutions down the road, NREL and IN2 have empowered these organizations to overcome barriers, adopt innovative technologies, and make measurable progress.

    Winners

    Five of the 10 participants in this first-of-its-kind cohort earned monetary awards.

    • CBRE received $150,000 for its project, which will cover the engineering, design, and construction costs for the pilot and a scalability study.
    • Coconino County received $55,000 for the Rensair and Komfort parts of its project.
    • Digital Realty received $125,000 to partner with Hayzel and improve chilling in its data centers in Santa Clara, California.
    • Galvanize Real Estate received $200,000 to work with EnKoat, an IN2 portfolio company, and Alpen for a pilot on a building in Pedricktown, New Jersey.
    • The University of Colorado Boulder received $220,000 to work with INOVUES to retrofit existing windows in aging buildings with hermetically sealed high-performance glass.

    All the pilot projects must be completed within six months. NREL will keep track of their progress and post updates in the future.

    And the participants—including the five teams that did not earn funding—are walking away with tailored technology adoption playbooks and access to expertise in digitization and change management.

    “Alongside the new relationships formed with NREL, the program itself is an award,” Derdowski said. “We’re already seeing renewed efforts to change the culture at all of these organizations.”

    “I’m really glad we went through the process because we saved one project because of it,” Garrick said. “If it wasn’t for that contact with NREL, that project would have died.”

    Updates on how the installations proceed will be found on www.in2ecosystem.com later this year.

    MIL OSI USA News

  • MIL-OSI Australia: Public comment opens for draft Heritage Management Plan, Mawson’s Huts Historic Site, 2025

    Source: Australian Government – Antarctic Division

    The Department of Climate Change, Energy, the Environment and Water, as manager of the Antarctic site at Cape Denison, has prepared a draft Heritage Management Plan for the Mawson’s Huts Historic Site and is seeking comment on the proposed Mawson’s Huts Historic Site Management Plan 2025.

    Constructed during the Australasian Antarctic Expedition 1911-1914 by Sir Douglas Mawson and his team, Mawson’s Huts Historic Site at Cape Denison is a place of great historical and social significance, and is listed on both the National and Commonwealth Heritage lists.
    In accordance with sections 324S and 341S of the Environment Protection and Biodiversity Conservation Act 1999, the Department invites comment on the Draft Mawson’s Huts Historic Site Heritage Management Plan 2025 from members of the public, key stakeholders, community groups, and Indigenous people with an interest in the place.
    The draft Mawson’s Huts Historic Site Heritage Management Plan 2025 can be viewed online and comments submitted via the Department’s consultation hub at: https://consult.dcceew.gov.au/
    The closing date for public comment is 5:00pm AEDT, on 1 April 2025.
    This content was last updated 4 minutes ago on 28 February 2025.

    MIL OSI News

  • MIL-OSI USA: Secretary Dev Sangvai Visits Western North Carolina

    Source: US State of North Carolina

    Headline: Secretary Dev Sangvai Visits Western North Carolina

    Secretary Dev Sangvai Visits Western North Carolina
    jwerner

    North Carolina Health and Human Services Secretary Dev Sangvai traveled to western North Carolina this week to meet with health care and social services partners to learn more about the status of Hurricane Helene recovery efforts and discuss the impacts of staffing shortages and other challenges they face. Together, we are committed to recovery efforts and supporting staff as we continue to create a healthier North Carolina for all.

    Black Mountain Neuro-Medical Treatment Center

    Secretary Sangvai began the first day of his trip on Tuesday, Feb. 25, in Buncombe County for a site visit and informational meeting with staff at the Black Mountain Neuro-Medical Treatment Center (BMNTC), one of three state-operated facilities in North Carolina that serves adults with chronic and complex medical conditions that co-exist with neurodevelopmental and/or neurocognitive disorders and/or a diagnosis of severe and persistent mental illness. 

    Secretary Sangvai was led on a tour of the facility, including one of the residential units, to learn more about the quality care received by patients both during and after Hurricane Helene. He also visited the third floor of the Gravely Wing at BMNTC to assess the status of renovations that were planned prior to Helene  and are estimated to be completed by July 2025.

    Secretary Sangvai met with the BMNTC Executive Committee to discuss the successes and areas of concern among staff members. The facility has largely recovered from the devastation left by Hurricane Helene, returning to normal operations with all evacuated residents returning to BMNTC. Employees shared concerns regarding staffing shortages as well as recruitment and retention challenges, particularly in nursing positions. BMNTC has ramped up recruitment efforts this quarter as unemployment in the region has spiked due to business closures in the wake of Helene.

     NCDHHS Secretary Dev Sangvai and Chief Deputy Secretary for Operational Excellence Dr. ClarLynda Williams-Devane travel to western North Carolina to meet with health care and social services partners. 

    Julian F. Keith Alcohol and Drug Abuse Treatment Center

    Following the visit to BMNTC, Secretary Sangvai continued his travels through Black Mountain to the Julian F. Keith Alcohol and Drug Abuse Treatment Center (JFK). There, he met with staff to learn more about the facility and services offered as well as the status of recovery efforts. He also went on a tour to get a more comprehensive look at the various services JFK staff provide their patients.

    Secretary Sangvai heard from JFK staff about their continued work to recover from the effects of Hurricane Helene, all while battling staffing shortages, closures to the facility and increased mental health challenge among the community they serve.  JFK staff cared for and assisted in the evacuation of patients during Hurricane Helene, standing up a detox unit at Broughton Hospital to provide a place of respite for those unable to seek care at JFK. A huge win for JFK staff recently came in the form of the treatment center reopening their kitchen after a seven-month long closure .

    “I am so grateful for the work being done at our facilities as recovery continues from the devastation left behind by Hurricane Helene,” said Secretary Sangvai. “These teams have worked tirelessly to provide life-changing care. This commitment matches what I have seen across the department, as we work to improve access to care and ensure people receive the care they need no matter where they live or how much money they make.”

    Cherokee Indian Hospital Authority

    On Wednesday, Feb. 26, Secretary Sangvai traveled to Cherokee, NC, to meet with the Eastern Band of Cherokee Indians (EBCI) and the Cherokee Indian Hospital Authority (CIHA). EBCI has contracted with NCDHHS to participate in NC Medicaid, thereby providing access to Medicaid managed care services for federally recognized Tribal Members and other individuals eligible to receive Indian Health Services. Through this partnership with NCDHHS, EBCI is the first Tribal-led Medicaid managed care entity in the country, aligning Medicaid services with Tribal health priorities and providing care for enrolled EBCI members.

    During his visit, Secretary Sangvai learned about the status of NCDHHS and CIHA’s multiple partnerships, including the development of a Child Crisis Stabilization Unit on the Qualla Boundary, the location of CIHA’s main hospital. The new unit will provide emergency mental health stabilization services for youth experiencing an acute psychiatric crisis. A revolutionary care model for western North Carolina, the unit will serve both tribal and non-tribal youth, ensuring that all children in the region have access to these critical resources.  

    Secretary Sangvai saw first-hand during his trip that CIHA has also been battling recruitment difficulties, struggling to address rural health care workforce shortages and retention issues. Despite these challenges, CIHA is a pillar of health care excellence for the EBCI, working diligently to deliver high-quality, patient-centered care that honors and integrates the rich heritage of Cherokee culture.

    Broughton Hospital

    Later in the day, Secretary Sangvai visited Broughton Hospital, one of three psychiatric hospitals operated by the NCDHHS Division of State Operated Healthcare Facilities, to tour the facility and learn more about the hospital’s priorities as western North Carolina moves forward from Hurricane Helene. He spoke with staff as he toured the patient care center, gym, chapel and treatment mall.

    Broughton staff emphasized their struggles to recruit and retain staff with a high number of vacancies in full-time positions at the facility. These staffing shortages directly impact the hospital’s ability to serve more patients, limiting the number of beds that can be filled and increasing wait times prospective patients may face before receiving care. Hospitals are growing increasingly reliant on temporary employees, especially for nursing and medical staff, due in part to salaries that struggle to compete with others on the job market.

    “The staff at our state operated psychiatric hospitals work incredibly hard to provide critical support to their patients every day,” Secretary Sangvai said. “I will continue to advocate for the resilient staff that serve our state and support NCDHHS’ efforts to strengthen the health care workforce in order to improve capacity limitations, so more patients are able to quickly access needed care.”

    J. Iverson Riddle Developmental Center

    On Thursday morning, Feb. 26, Secretary Sangvai traveled to Burke County, making his first stop at J. Iverson Riddle Developmental Center (JIRDC), one of three State Developmental Centers which provides services and support to individuals with intellectual and developmental disabilities (I/DD), complex behavioral challenges and/or medical conditions whose clinical treatment needs exceed the supports currently available in the community. He toured JIRDC, making a visit to one of the homes at the facility to greet staff and residents.

    Facility leadership voiced concerns regarding recruitment, including filling key positions at JIRDC. Despite recent measures taken to increase Direct Support Professionals and Registered Nurses salaries, JIRDC still struggles from a 23% vacancy rate, impacting staff’s ability to serve more patients.

    In addition to staff’s efforts to recover from Hurricane Helene, JIRDC housed approximately one-third of BMNTC residents during local infrastructure repairs. As many employees face burnout amidst an unprecedented crisis, Secretary Sangvai pledged to continue to prioritize the well-being of the health care workforce in North Carolina and to ensure the sustainability and functionality of state operated healthcare facilities for patients and staff.

    Burke County DSS

    The Secretary then traveled to the Burke County Department of Social Services, where he toured facilities and met with local social services staff. Staff at Burke County DSS worked to quickly respond to issues as Hurricane Helene hit their community. Their team had to navigate a total loss of communications systems, staffing shortages, burnout and the increased stress of managing a large-scale recovery operation in the wake of the storm. Today, Burke County DSS has fortunately largely returned to “normal” operations. This is partially because as a county on the eastern edge of Helene’s path, Burke County saw fewer individuals permanently displaced than some other counties impacted by the storm.

    Secretary Sangvai spoke with Burke County DSS Director Korey Fisher-Wellman to form a better understanding of the issues facing their office and other county DSS offices across the state. The Secretary reinforced NCDHHS’ ongoing commitment to support recovery efforts as western North Carolina continues to recover and rebuild.

    Blue Ridge Regional Hospital

    Secretary Sangvai concluded his trip on Thursday at Blue Ridge Regional Hospital, which has served as a Critical Access Hospital for the people of western North Carolina since 1955. The Secretary was joined by CEO and Chief Nurse Tonia Hale, and the Vice President of Government Relations for HCA Healthcare Lori Kroll , for a tour of the hospital and a presentation on workforce development and Hurricane Helene recovery. The team highlighted the hospital’s efforts to bounce back from the hurricane, and Secretary Sangvai shared NCDHHS’ commitment to work with hospitals across the state to address the impacts of staffing shortages and support recruitment and retention efforts.

    Please see more photos from Secretary Sangvai’s visit.

    Feb 27, 2025

    MIL OSI USA News

  • MIL-OSI: HCI Group Reports Fourth Quarter 2024 Results

    Source: GlobeNewswire (MIL-OSI)

    Fourth Quarter Pre-Tax Income of $5.9 million and Diluted EPS of $0.23
    Full Year 2024 Pre-Tax Income of $173.4 million and Diluted EPS of $8.89

    TAMPA, Fla., Feb. 27, 2025 (GLOBE NEWSWIRE) — HCI Group, Inc. (NYSE:HCI) reported pre-tax income of $5.9 million and net income of $4.1 million in the fourth quarter of 2024. Net income after noncontrolling interests was $2.6 million compared with $38.1 million in the fourth quarter of 2023. Diluted earnings per share were $0.23 in the fourth quarter of 2024, compared with $3.40 diluted earnings per share, in the fourth quarter of 2023.

    Adjusted net income (a non-GAAP measure which excludes net unrealized gains or losses on equity securities) for the fourth quarter of 2024 was $5.0 million, or $0.31 diluted earnings per share compared with adjusted net income of $38.8 million, or $3.22 diluted earnings per share, in the fourth quarter of 2023. This press release includes an explanation of adjusted net income as well as a reconciliation to net income and earnings per share calculated in accordance with generally accepted accounting principles (known as “GAAP”).

    Management Commentary
    “Even with the hurricanes in 2024, HCI Group is unwavering in its commitment to Florida and supporting our existing and new policyholders. As part of our ongoing efforts, we plan to keep rates flat for the foreseeable future,” said HCI Group Chairman and Chief Executive Officer Paresh Patel. “Given an increased level of catastrophe activity across the country, we are taking initial steps to make our best-in-class technology available to other carriers and in additional geographies.”

    Fourth Quarter 2024 Commentary
    Consolidated gross premiums earned in the fourth quarter increased by 38.0% to $297.5 million from $215.2 million in the fourth quarter of 2023 driven primarily by assumptions of policies from Citizens Property Insurance Corporation.

    Premiums ceded for reinsurance in the fourth quarter were $151.1 million compared with $66.6 million in the fourth quarter of 2023. The fourth quarter included the reversal of $50.6 million of previously accrued benefits related to retrospective reinsurance provisions as a result of losses caused by Hurricane Milton.

    Net investment income in the fourth quarter was $14.5 million compared with $10.3 million in the fourth quarter of 2023. The increase was primarily attributable to an increase in interest income from cash, cash equivalents and available-for-sale fixed maturity securities.

    Losses and loss adjustment expenses in the fourth quarter were $110.7 million compared with $65.4 million in the fourth quarter of 2023. Loss expenses in the fourth quarter of 2024 include a net loss of $78.0 million from Hurricane Milton, partially offset by $24.5 million of favorable development mostly related to the 2024 accident year.

    Policy acquisition and other underwriting expenses in the fourth quarter were $27.7 million compared with $22.7 million in the fourth quarter of 2023.

    General and administrative personnel expenses in the fourth quarter decreased to $10.2 million from $12.2 million in the fourth quarter of 2023. The decrease was attributable to lower stock-based compensation as well as higher reinsurance recoveries related to claims processing for Hurricane Milton.

    Full 2024 Results
    For the year ended December 31, 2024, the company reported pre-tax income of $173.4 million and net income of $127.6 million. Net income after noncontrolling interests was $110.0 million compared with $79.0 million for the year ended December 31, 2023. Diluted earnings per share were $8.89 for the year ended December 31, 2024, compared with $7.62 diluted earnings per share for the year ended December 31, 2023.

    Adjusted net income (a non-GAAP measure which excludes net unrealized gains or losses on equity securities) for the twelve month period was $125.6 million, or $8.75 diluted earnings per share compared with adjusted net income of $86.8 million, or $7.41 diluted earnings per share in the same period of 2023. An explanation of this non-GAAP financial measure and reconciliations to the applicable GAAP numbers accompany this press release.

    Consolidated gross premiums earned for the twelve months of 2024 increased by 41.5% to $1,083.2 million from $765.5 million in 2023 driven primarily by growth in Florida due to assumptions of policies from Citizens Property Insurance Corporation.

    Premiums ceded for reinsurance for the twelve months of 2024 were $405.7 million compared with $269.6 million for the twelve months of 2023. The twelve months of 2024 included the reversal of $62.9 million of previously accrued benefits related to retrospective reinsurance provisions as a result of losses caused by Hurricanes Helene and Milton.

    Net investment income for the twelve months of 2024 was $59.1 million compared with $46.2 million for the twelve months of 2023. The increase was primarily attributable to an increase in interest income from cash, cash equivalents, and available-for-sale fixed maturity securities, offset by a decrease in income from real estate investments.

    Losses and loss adjustment expenses for the twelve months of 2024 were $374.7 million compared with $254.6 million for the twelve months of 2023. Loss expense included $78.0 million from Hurricane Milton, $43.0 million from Hurricane Helene and $6.5 million from Hurricane Debby.

    Policy acquisition and other underwriting expenses for the twelve months of 2024 were $99.4 million compared with $90.8 million for the twelve months of 2023.

    General and administrative personnel expenses for the twelve months of 2024 increased to $63.2 million from $53.9 million for the twelve months of 2023.

    Conference Call
    HCI Group will hold a conference call later today, February 27, 2025, to discuss these financial results. Chairman and Chief Executive Officer Paresh Patel, Chief Operating Officer Karin Coleman and Chief Financial Officer Mark Harmsworth will host the call starting at 4:45 p.m. Eastern time.

    Interested parties can listen to the live presentation by dialing the listen-only number below or by clicking the webcast link available on the Investor Information section of the company’s website at www.hcigroup.com.

    Listen-only toll-free number: (888) 506-0062
    Listen-only international number: (973) 528-0011
    Entry Code: 835158

    Please call the conference telephone number 10 minutes before the start time. An operator will register your name and organization. If you have any difficulty connecting with the conference call, please contact Gateway Investor Relations at (949) 574-3860.

    A replay of the call will be available by telephone after 8:00 p.m. Eastern time on the same day as the call and via the Investor Information section of the HCI Group website at www.hcigroup.com through February 27, 2026.

    Toll-free replay number: (877) 481-4010
    International replay number: (919) 882-2331
    Replay ID: 51955

    About HCI Group, Inc.
    HCI Group, Inc. is a holding company with two distinct operating units. The first unit includes four top-performing insurance companies, a captive reinsurance company, and operations in claims management and real estate. The second unit, called Exzeo Group, is a leading innovator of insurance technology that utilizes advanced underwriting algorithms and data analytics. Exzeo empowers property and casualty insurers to transform underwriting outcomes and achieve industry-leading results.

    The company’s common shares trade on the New York Stock Exchange under the ticker symbol “HCI” and are included in the Russell 2000 and S&P SmallCap 600 Index. HCI Group, Inc. regularly publishes financial and other information in the Investor Information section of the company’s website. For more information about HCI Group and its subsidiaries, visit www.hcigroup.com.

    Forward-Looking Statements
    This news release may contain forward-looking statements made pursuant to the Private Securities Litigation Reform Act of 1995. Words such as “anticipate,” “estimate,” “expect,” “intend,” “plan,” “confident,” “prospects” and “project” and other similar words and expressions are intended to signify forward-looking statements. Forward-looking statements are not guarantees of future results and conditions, but rather are subject to various risks and uncertainties. For example, the estimation of reserves for losses and loss adjustment expenses is an inherently imprecise process involving many assumptions and considerable management judgment. Some of these risks and uncertainties are identified in the company’s filings with the Securities and Exchange Commission. Should any risks or uncertainties develop into actual events, these developments could have material adverse effects on the company’s business, financial condition and results of operations. HCI Group, Inc. disclaims all obligations to update any forward-looking statements.

    Company Contact:
    Bill Broomall, CFA
    Investor Relations
    HCI Group, Inc.
    Tel (813) 776-1012
    wbroomall@typtap.com

    Investor Relations Contact:
    Matt Glover
    Gateway Group, Inc.
    Tel (949) 574-3860
    HCI@gatewayir.com

    –    Tables to follow    –

     
    HCI GROUP, INC. AND SUBSIDIARIES
    Selected Financial Metrics
    (Dollar amounts in thousands, except per share amounts)
     
      Q4 2024     Q4 2023     FY 2024     FY 2023  
      (Unaudited)                    
    Insurance Operations                      
    Gross Written Premiums:                      
    Homeowners Choice $ 145,085     $ 182,038     $ 593,943     $ 535,070  
    TypTap Insurance Company   174,980       138,482       491,413       363,552  
    Condo Owners Reciprocal Exchange   14,435             81,411        
    Total Gross Written Premiums   334,500       320,520       1,166,767       898,622  
                           
    Gross Premiums Earned:                      
    Homeowners Choice   156,342       125,796       589,137       417,202  
    TypTap Insurance Company   123,807       89,394       442,876       348,310  
    Condo Owners Reciprocal Exchange   17,348             51,207        
    Total Gross Premiums Earned   297,497       215,190       1,083,220       765,512  
                           
    Gross Premiums Earned Loss Ratio   37.2 %     30.4 %     34.6 %     33.3 %
                           
    Per Share Metrics                      
    GAAP Diluted EPS $ 0.23     $ 3.40     $ 8.89     $ 7.62  
    Non-GAAP Adjusted Diluted EPS $ 0.31     $ 3.22     $ 6.33     $ 7.41  
                           
    Dividends per share $ 0.40     $ 0.40     $ 1.60     $ 1.60  
                           
    Book value per share at the end of period $ 42.10     $ 33.36     $ 42.10     $ 33.36  
                           
    Shares outstanding at the end of period   10,767,184       9,738,183       10,767,184       9,738,183  
                                   

       

    HCI GROUP, INC. AND SUBSIDIARIES
    Consolidated Balance Sheets  
    (Dollar amounts in thousands)
     
      December 31, 2024     December 31, 2023  
               
    Assets          
    Fixed-maturity securities, available for sale, at fair value (amortized cost: $719,536 and $387,687, respectively and allowance for credit losses: $0 and $0, respectively) $ 718,537     $ 383,238  
    Equity securities, at fair value (cost: $52,030 and $44,011, respectively)   56,200       45,537  
    Limited partnership investments   20,802       23,583  
    Real estate investments   79,120       67,893  
    Total investments   874,659       520,251  
               
    Cash and cash equivalents   532,471       536,478  
    Restricted cash   3,714       3,287  
    Receivable from maturities of fixed-maturity securities         91,085  
    Accrued interest and dividends receivable   6,008       3,507  
    Income taxes receivable   463        
    Deferred income taxes, net   72       512  
    Premiums receivable, net (allowance: $5,891 and $3,152, respectively)   50,582       38,037  
    Assumed premium receivable         19,954  
    Prepaid reinsurance premiums   92,060       86,232  
    Reinsurance recoverable, net of allowance for credit losses:          
    Paid losses and loss adjustment expenses (allowance: $0 and $0, respectively)   36,062       19,690  
    Unpaid losses and loss adjustment expenses (allowance: $186 and $118, respectively)   522,379       330,604  
    Deferred policy acquisition costs   54,303       42,910  
    Property and equipment, net   29,544       29,251  
    Right-of-use-assets – operating leases   1,182       1,407  
    Intangible assets, net   5,206       7,659  
    Funds withheld for assumed business   11,690       30,087  
    Other assets   9,818       50,365  
               
    Total assets $ 2,230,213     $ 1,811,316  
               
    Liabilities and Equity          
    Losses and loss adjustment expenses $ 845,900     $ 585,073  
    Unearned premiums   584,703       501,157  
    Advance premiums   18,867       15,895  
    Reinsurance payable on paid losses and loss adjustment expenses   2,496       3,145  
    Ceded reinsurance premiums payable   18,313       8,921  
    Assumed premiums payable   2,176       850  
    Accrued expenses   17,677       19,722  
    Income tax payable   5,451       7,702  
    Deferred income taxes, net   2,830        
    Revolving credit facility   44,000        
    Long-term debt   185,254       208,495  
    Lease liabilities – operating leases   1,185       1,408  
    Other liabilities   32,320       35,623  
               
    Total liabilities   1,761,172       1,387,991  
               
    Commitments and contingencies          
    Redeemable noncontrolling interest   1,691       96,160  
               
    Equity:          
    Common stock, (no par value, 40,000,000 shares authorized, 10,767,184 and 9,738,183 shares issued and outstanding in 2024 and 2023, respectively)          
    Additional paid-in capital   122,289       89,568  
    Retained income   331,793       238,438  
    Accumulated other comprehensive loss, net of taxes   (749 )     (3,163 )
    Total stockholders’ equity   453,333       324,843  
    Noncontrolling interests   14,017       2,322  
    Total equity   467,350       327,165  
               
    Total liabilities, redeemable noncontrolling interest, and equity $ 2,230,213     $ 1,811,316  
                   
    HCI GROUP, INC. AND SUBSIDIARIES
    Consolidated Statements of Income
    (Unaudited)
    (Dollar amounts in thousands, except per share amounts)
     
      Three Months Ended     Years Ended  
      December 31,     December 31,  
      2024     2023     2024     2023  
                           
    Revenue                      
                           
    Gross premiums earned $ 297,497     $ 215,190     $ 1,083,220     $ 765,512  
    Premiums ceded   (151,146 )     (66,576 )     (405,659 )     (269,627 )
                           
    Net premiums earned   146,351       148,614       677,561       495,885  
                           
    Net investment income   14,486       10,341       59,148       46,234  
    Net realized investment gains (losses)   326       (410 )     3,384       (1,996 )
    Net unrealized investment (losses) gains   (1,181 )     2,830       2,644       3,215  
    Policy fee income   1,302       1,053       4,639       4,704  
    Other   591       242       2,675       2,628  
                           
    Total revenue   161,875       162,670       750,051       550,670  
                           
    Expenses                      
                           
    Losses and loss adjustment expenses   110,727       65,398       374,708       254,579  
    Policy acquisition and other underwriting expenses   27,707       22,716       99,402       90,822  
    General and administrative personnel expenses   10,231       12,230       63,152       53,868  
    Interest expense   3,322       2,822       13,344       11,117  
    Other operating expenses   3,997       5,344       26,018       22,634  
                           
    Total expenses   155,984       108,510       576,624       433,020  
                           
    Income before income taxes   5,891       54,160       173,427       117,650  
                           
    Income tax expense   1,757       13,248       45,846       28,393  
                           
    Net income $ 4,134     $ 40,912     $ 127,581     $ 89,257  
    Net income attributable to redeemable noncontrolling interests         (2,360 )     (10,149 )     (9,370 )
    Net income attributable to noncontrolling interests   (1,550 )     (457 )     (7,479 )     (853 )
                           
    Net income after noncontrolling interests $ 2,584     $ 38,095     $ 109,953     $ 79,034  
                           
    Basic earnings per share $ 0.24     $ 4.31     $ 10.59     $ 9.13  
                           
    Diluted earnings per share $ 0.23     $ 3.40     $ 8.89     $ 7.62  
                           
    Dividends per share $ 0.40     $ 0.40     $ 1.60     $ 1.60  
                                   
    HCI GROUP, INC. AND SUBSIDIARIES
    (Amounts in thousands, except per share amounts)
     
    A summary of the numerator and denominator of basic and diluted earnings per common share calculated in accordance with GAAP is presented below.
     
      Three Months Ended     Year Ended  
    GAAP December 31, 2024     December 31, 2024  
      Income     Shares (a)     Per Share     Income     Shares (a)     Per Share  
      (Numerator)     (Denominator)     Amount     (Numerator)     (Denominator)     Amount  
    Net income $ 4,134                 $ 127,581              
    Less: Net income attributable to redeemable noncontrolling interest                     (10,149 )            
    Less: Net income attributable to noncontrolling interests   (1,550 )                 (7,479 )            
    Net income attributable to HCI   2,584                   109,953              
    Less: Income attributable to participating securities   (118 )                 (4,110 )            
    Basic Earnings Per Share:                                  
    Income allocated to common stockholders   2,466       10,143     $ 0.24       105,843       9,997     $ 10.59  
                                       
    Effect of Dilutive Securities: *                                  
    Stock options         323                   294        
    Convertible senior notes                     6,908       2,177        
    Warrants         143                   218        
                                       
    Diluted Earnings Per Share:                                  
    Income available to common stockholders and assumed conversions $ 2,466       10,609     $ 0.23     $ 112,751       12,686     $ 8.89  
                                       
    (a) Shares in thousands.  
    *For the three months ended December 31, 2024, convertible senior notes were excluded due to anti-dilutive effect.  
       

    Non-GAAP Financial Measures

    Adjusted net income is a Non-GAAP financial measure that removes from net income of HCI’s portion of the effect of unrealized gains or losses on equity securities required to be included in results of operations in accordance with Accounting Standards Codification 321. HCI Group believes net income without the effect of volatility in equity prices more accurately depicts operating results. This financial measurement is not recognized in accordance with accounting principles generally accepted in the United States of America (“GAAP”) and should not be viewed as an alternative to GAAP measures of performance. A reconciliation of GAAP Net income to Non-GAAP Adjusted net income and GAAP diluted earnings per share to Non-GAAP Adjusted diluted earnings per share is provided below.

    Reconciliation of GAAP Net Income to Non-GAAP Adjusted Net Income

      Three Months Ended
      Year Ended
      December 31, 2024
      December 31, 2024
    GAAP Net income         $ 4,134                 $ 127,581      
    Net unrealized investment losses (gains) $ 1,181                 $ (2,644 )            
    Less: Tax effect at 25.041% $ (296 )               $ 662              
    Net adjustment to Net income         $ 885                 $ (1,982 )    
    Non-GAAP Adjusted Net income         $ 5,019                 $ 125,599      
                                           
    HCI GROUP, INC. AND SUBSIDIARIES
    (Amounts in thousands, except per share amounts)
     
    A summary of the numerator and denominator of the basic and diluted earnings per common share calculated with the Non-GAAP financial measure Adjusted net income is presented below.
       
      Three Months Ended     Year Ended  
    Non-GAAP December 31, 2024     December 31, 2024  
      Income     Shares (a)     Per Share     Income     Shares (a)     Per Share  
      (Numerator)     (Denominator)     Amount     (Numerator)     (Denominator)     Amount  
    Adjusted net income (non-GAAP) $ 5,019                 $ 125,599              
    Less: Net income attributable to redeemable noncontrolling interest                   $ (10,149 )            
    Less: Net loss (income) attributable to noncontrolling interests   (1,550 )                 (7,281 )            
    Net income attributable to HCI   3,469                   108,169              
    Less: Income attributable to participating securities   (158 )                 (4,043 )            
                                       
    Basic Earnings Per Share before unrealized gains/losses on equity securities:                                  
    Income allocated to common stockholders   3,311       10,143     $ 0.33       104,126       9,997     $ 10.42  
                                       
    Effect of Dilutive Securities: *                                  
    Stock options         323                   294        
    Convertible senior notes                     6,908       2,177        
    Warrants         143                   218        
                                       
    Diluted Earnings Per Share before unrealized gains/losses on equity securities:                                  
    Income available to common stockholders and assumed conversions $ 3,311       10,609     $ 0.31     $ 111,034       12,686     $ 8.75  
                                       
    (a) Shares in thousands.  
    *For the three months ended December 31, 2024, convertible senior notes were excluded due to anti-dilutive effect.  
       

    Reconciliation of GAAP Diluted EPS to Non-GAAP Adjusted Diluted EPS

      Three Months Ended
      Year Ended
      December 31, 2024
      December 31, 2024
    GAAP diluted Earnings Per Share       $ 0.23               $ 8.89      
    Net unrealized investment gains $ 0.10               $ (0.20 )          
    Less: Tax effect at 25.041% $ (0.02 )             $ 0.06            
    Net adjustment to GAAP diluted EPS         $ 0.08                 $ (0.14 )    
    Non-GAAP Adjusted diluted EPS         $ 0.31                 $ 8.75      

    The MIL Network

  • MIL-OSI: SECU Foundation Initiates Phase Three Disaster Relief Package of $3.45 Million for Western North Carolina

    Source: GlobeNewswire (MIL-OSI)

    RALEIGH, N.C., Feb. 27, 2025 (GLOBE NEWSWIRE) — The SECU Foundation Board of Directors approved a third phase of Hurricane Helene disaster relief funding totaling $3.45 million for seven non-profit organizations assisting residents and communities in Western North Carolina (WNC). The funding will help address long-term housing needs, resources for at-risk groups, and organizational capacity to meet increased demand for services. Grantees include:

    • Baptists on Mission (Wake County) – $2 million to repair and rebuild up to 100 damaged homes across the western region, including drywall replacement, roof repair, HVAC replacement, and new flooring.
    • Asheville Buncombe Community Christian Ministry (Buncombe County) – $500,000 to increase facility capacity and expand staff resources to onboard and manage a corps of volunteers for delivering regional emergency and disaster relief services.
    • Note in the Pocket (Wake County) – $250,000 to support human resource expansion and deployment for training and volunteer coordination at WNC agencies and to secure temporary warehouse space to accelerate the timeline for processing donated clothing.
    • Mountain Projects (Haywood and Jackson Counties) – $200,000 to assist with organizational capacity to provide case management for the increased number of displaced individuals and families seeking emergency services.
    • Hospitality House of Northwest North Carolina (Watauga County) – $200,000 to assist with increased organizational capacity to provide financial crisis assistance, case management for responding to hurricane-related housing needs, and increased food services for displaced individuals and families in their seven-county service area.
    • Rutherford Housing Partnership (Rutherford County) – $200,000 to increase capacity to fund urgent home repairs, especially for those without insurance or who will not receive government assistance.
    • Crossnore Communities for Children (Avery County) – $100,000 to support trauma resiliency efforts for neighboring communities impacted by Hurricane Helene and restoration of the storm-damaged Crossnore campus to address trauma-related impact for the children and foster families it serves.

    SECU Foundation initially provided a relief package of $3.75 million, then in December added a second phase of giving at $1.75 million. This third phase brings the total to nearly $9 million for relief and recovery efforts.

    “We are so grateful to be able to provide additional funding to assist our Western North Carolina communities,” said SECU Foundation Board Chair Chris Ayers. “The grants made to these seven organizations will help address many crucial areas, including food, housing, and restoration of important services. We look forward to seeing the positive impacts of this funding on our neighbors who have been devastated by Hurricane Helene.”

    About SECU and SECU Foundation
    A not-for-profit financial cooperative owned by its members, and federally insured by the National Credit Union Administration (NCUA), SECU has been providing employees of the state of North Carolina and their families with consumer financial services for 87 years. SECU is the second largest credit union in the United States with $53 billion in assets. It serves more than 2.8 million members through 275 branch offices, 1,100 ATMs, Member Services Support via phone, www.ncsecu.org, and the SECU Mobile App. The SECU Foundation, a 501(c)(3) charitable organization funded by the contributions of SECU members, promotes local community development in North Carolina primarily through high-impact projects in the areas of housing, education, healthcare, and human services. Since 2004, SECU Foundation has made a collective financial commitment of over $300 million for initiatives to benefit North Carolinians statewide.

    Contact: Jama Campbell, Executive Director, secufoundation@ncsecu.org

    The MIL Network

  • MIL-OSI: American Coastal Insurance Corporation Reports Financial Results for Its Fourth Quarter and Year Ended December 31, 2024

    Source: GlobeNewswire (MIL-OSI)

    Company to Host Quarterly Conference Call at 5:00 P.M. ET on February 27, 2025
    The information in this press release should be read in conjunction with an earnings presentation that is available on the Company’s website at investors.amcoastal.com/Presentations.

    ST. PETERSBURG, Fla., Feb. 27, 2025 (GLOBE NEWSWIRE) — American Coastal Insurance Corporation (Nasdaq: ACIC) (“ACIC” or the “Company”), a property and casualty insurance holding company, today reported its financial results for the fourth quarter and year ended December 31, 2024.

           
    ($ in thousands, except for per share data) Three Months Ended   Year Ended
    December 31,   December 31,
        2024       2023     Change     2024       2023     Change
    Gross premiums written $ 140,739     $ 128,260     9.7 %   $ 647,805     $ 635,709     1.9 %
    Gross premiums earned   162,710       159,094     2.3       638,608       604,683     5.6  
    Net premiums earned   73,492       49,141     49.6       273,990       262,060     4.6  
    Total revenue   79,267       51,251     54.7       296,657       264,400     12.2  
    Income from continuing operations, net of tax   5,868       17,380     (66.2 )     76,319       85,204     (10.4 )
    Income (loss) from discontinued operations, net of tax   (922 )     (3,096 )   70.2       (601 )     224,707     NM
    Consolidated net income $ 4,946     $ 14,284     (65.4 )%   $ 75,718     $ 309,911     NM
                           
    Net income available to ACIC stockholders per diluted share                      
    Continuing Operations $ 0.12     $ 0.38     (68.4 )%   $ 1.55     $ 1.92     (19.3 )%
    Discontinued Operations $ (0.02 )   $ (0.07 )   71.4       (0.01 )     5.06     NM
    Total $ 0.10     $ 0.31     (67.7 )%   $ 1.54     $ 6.98     NM
                           
    Reconciliation of net income to core income:                      
    Plus: Non-cash amortization of intangible assets and goodwill impairment $ 608     $ 811     (25.0 )%   $ 2,639     $ 3,247     (18.7 )%
    Less: Income (loss) from discontinued operations, net of tax   (922 )     (3,096 )   70.2       (601 )     224,707     NM
    Less: Net realized losses on investment portfolio         (2 )   NM     (124 )     (6,789 )   98.2  
    Less: Unrealized gains on equity securities   454       22     NM     1,996       814     NM
    Less: Net tax impact (1)   32       166     (80.7 )%     161       1,937     (91.7 )
    Core income(2)   5,990       18,005     (66.7 )     76,925       92,489     (16.8 )
    Core income per diluted share (2) $ 0.12     $ 0.39     (69.2 )%   $ 1.56     $ 2.08     (25.0 )%
                           
    Book value per share             $ 4.89     $ 3.61     35.5 %
    NM = Not Meaningful
    (1) In order to reconcile net income to the core income measures, the Company included the tax impact of all adjustments using the 21% federal corporate tax rate.
    (2) Core income and core income per diluted share, both of which are measures that are not based on generally accepted accounting principles (“GAAP”), are reconciled above to net income and net income per diluted share, respectively, the most directly comparable GAAP measures. Additional information regarding non-GAAP financial measures presented in this press release can be found in the “Definitions of Non-GAAP Measures” section, below.
       

    Comments from Chief Executive Officer, B. Bradford Martz:

    “American Coastal, our insurance subsidiary, remains a leader in the Florida commercial residential market. The Company remained profitable in the 2024 fourth quarter with a combined ratio of 91.9%, despite the devastating impact and full catastrophe retention from Hurricane Milton, leading to a 67.5% combined ratio for the full year. This underscores the strength of our reinsurance strategy in safeguarding our balance sheet while mitigating the financial impact of catastrophic events.

    Furthermore, American Coastal’s written premium increased 9.7% from the prior year fourth quarter and renewal retention remained steady. In December, we announced the launch of our apartment program, and, to date, we have received hundreds of high-quality submissions from our six broker partners, affirming the strong demand for American Coastal’s products.”

    Return on Equity and Core Return on Equity

    The calculations of the Company’s return on equity and core return on equity are shown below.

           
    ($ in thousands) Three Months Ended   Year Ended
    December 31,   December 31,
        2024       2023       2024       2023  
    Income from continuing operations, net of tax $ 5,868     $ 17,380     $ 76,319     $ 85,204  
    Return on equity based on GAAP income from continuing operations, net of tax (1)   10.4 %     98.6 %     33.7 %     120.8 %
                   
    Income (loss) from discontinued operations, net of tax $ (922 )   $ (3,096 )   $ (601 )   $ 224,707  
    Return on equity based on GAAP income (loss) from discontinued operations, net of tax (1)   (1.6 )%     (17.6 )%     (0.3 )%   NM
                   
    Consolidated net income $ 4,946     $ 14,284     $ 75,718     $ 309,911  
    Return on equity based on GAAP net income (1)   8.7 %     81.0 %     33.5 %   NM
                   
    Core income $ 5,990     $ 18,005     $ 76,925     $ 92,489  
    Core return on equity (1)(2)   10.6 %     102.1 %     34.0 %     131.1 %
    (1) Return on equity for the three months and years ended December 31, 2024 and 2023 is calculated on an annualized basis by dividing the net income or core income for the period by the average stockholders’ equity for the trailing twelve months.
    (2) Core return on equity, a measure that is not based on GAAP, is calculated based on core income, which is reconciled on the first page of this press release to net income, the most directly comparable GAAP measure. Additional information regarding non-GAAP financial measures presented in this press release can be found in the “Definitions of Non-GAAP Measures” section below.
       

    Combined Ratio and Underlying Ratio

    The calculations of the Company’s combined ratio and underlying combined ratio on a consolidated basis and attributable to Interboro Insurance Company (“IIC”), now captured within discontinued operations, are shown below.

           
    ($ in thousands) Three Months Ended   Year Ended
    December 31,   December 31,
      2024     2023     Change   2024     2023     Change
    Consolidated                      
    Loss ratio, net(1) 40.5 %   13.7 %   26.8 pts   25.3 %   17.8 %   7.5 pts
    Expense ratio, net(2) 51.4 %   46.2 %   5.2 pts   42.2 %   43.1 %   (0.9) pts
    Combined ratio (CR)(3) 91.9 %   59.9 %   32.0 pts   67.5 %   60.9 %   6.6 pts
    Effect of current year catastrophe losses on CR 27.8 %   (0.8 )%   28.6 pts   9.3 %   4.9 %   4.4 pts
    Effect of prior year favorable development on CR (1.8 )%   (3.0 )%   1.2 pts   (1.4 )%   (4.9 )%   3.5 pts
    Underlying combined ratio(4) 65.9 %   63.7 %   2.2 pts   59.6 %   60.9 %   (1.3) pts
                           
    IIC                      
    Loss ratio, net(1) 73.4 %   78.5 %   (5.1) pts   71.2 %   81.6 %   (10.4) pts
    Expense ratio, net(2) 47.1 %   39.0 %   8.1 pts   43.4 %   50.8 %   (7.4) pts
    Combined ratio (CR)(3) 120.5 %   117.5 %   3.0 pts   114.6 %   132.4 %   (17.8) pts
    Effect of current year catastrophe losses on CR 0.8 %   10.6 %   (9.8) pts   4.1 %   12.6 %   (8.5) pts
    Effect of prior year favorable development on CR (0.7 )%   13.2 %   (13.9) pts   (3.6 )%   2.0 %   (5.6) pts
    Underlying combined ratio(4) 120.4 %   93.7 %   26.7 pts   114.1 %   117.8 %   (3.7) pts
    (1) Loss ratio, net is calculated as losses and loss adjustment expenses (“LAE”), net of losses ceded to reinsurers, relative to net premiums earned.
    (2) Expense ratio, net is calculated as the sum of all operating expenses, less interest expense relative to net premiums earned.
    (3) Combined ratio is the sum of the loss ratio, net and expense ratio, net.
    (4) Underlying combined ratio, a measure that is not based on GAAP, is reconciled above to the combined ratio, the most directly comparable GAAP measure. Additional information regarding non-GAAP financial measures presented in this press release can be found in the “Definitions of Non-GAAP Measures” section below.
       

    Combined Ratio Analysis

    The calculations of the Company’s loss ratios and underlying loss ratios are shown below.

           
    ($ in thousands) Three Months Ended   Year Ended
    December 31,   December 31,
      2024       2023     Change     2024       2023     Change
    Loss and LAE $ 29,794     $ 6,710     $ 23,084   $ 69,319     $ 46,678     $ 22,641
    % of Gross earned premiums   18.3 %     4.2 %   14.1 pts     10.9 %     7.7 %   3.2 pts
    % of Net earned premiums   40.5 %     13.7 %   26.8 pts     25.3 %     17.8 %   7.5 pts
    Less:                      
    Current year catastrophe losses $ 20,405     $ (406 )   $ 20,811   $ 25,561     $ 12,783     $ 12,778
    Prior year reserve favorable development   (1,325 )     (1,482 )     157     (3,704 )     (12,694 )     8,990
    Underlying loss and LAE (1) $ 10,714     $ 8,598     $ 2,116   $ 47,462     $ 46,589     $ 873
    % of Gross earned premiums   6.6 %     5.4 %   1.2 pts     7.4 %     7.7 %   (0.3) pts
    % of Net earned premiums   14.5 %     17.5 %   (3.0) pts     17.3 %     17.8 %   (0.5) pts
    (1) Underlying loss and LAE is a non-GAAP financial measure and is reconciled above to loss and LAE, the most directly comparable GAAP measure. Additional information regarding non-GAAP financial measures presented in this press release can be found in the “Definitions of Non-GAAP Measures” section, below.
       

    The calculations of the Company’s expense ratios are shown below.

           
    ($ in thousands) Three Months Ended   Year Ended
    December 31,   December 31,
      2024       2023     Change     2024       2023     Change
    Policy acquisition costs $ 26,514     $ 13,138     $ 13,376   $ 70,990     $ 75,436     $ (4,446 )
    General and administrative   11,277       9,561       1,716     44,756       37,559       7,197  
    Total Operating Expenses $ 37,791     $ 22,699     $ 15,092   $ 115,746     $ 112,995     $ 2,751  
    % of Gross earned premiums   23.2 %     14.3 %   8.9 pts     18.1 %     18.7 %   (0.6) pts
    % of Net earned premiums   51.4 %     46.2 %   5.2 pts     42.2 %     43.1 %   (0.9) pts
                                           

    Quarterly Financial Results

    Net income for the fourth quarter of 2024 was $4.9 million, or $0.10 per diluted share, compared to $14.3 million, or $0.31 per diluted share, for the fourth quarter of 2023. Of this income, $5.9 million is attributable to continuing operations for the three months ended December 31, 2024, a decrease of $11.5 million from net income of $17.4 million for the same period in 2023. Quarter-over-quarter revenues increased, driven by a decrease in ceded premiums earned, and an increase in gross premiums earned and net investment income. This was offset by increased expenses quarter-over-quarter, driven by an increase in loss and LAE and policy acquisition costs, as described below. The Company’s loss from discontinued operations, also contributed to this change in net income, with the loss decreasing $2.2 million quarter-over-quarter, as the deconsolidation of the Company’s former subsidiary, United Property and Casualty Insurance Company (“UPC”), is not impacting the Company in 2024.

    The Company’s total gross written premium increased $12.5 million, or 9.7%, to $140.7 million for the fourth quarter of 2024, from $128.3 million for the fourth quarter of 2023. The breakdown of the quarter-over-quarter changes in both direct written and assumed premiums by state and gross written premium by line of business are shown in the table below.

               
    ($ in thousands) Three Months Ended December 31,        
        2024     2023   Change $   Change %
    Direct Written and Assumed Premium by State              
    Florida $ 135,661   $ 128,260   $ 7,401   5.8 %
    New York              
    Total direct written premium by state   135,661     128,260     7,401   5.8  
    Assumed premium   5,078         5,078   100.0  
    Total gross written premium by state $ 140,739   $ 128,260   $ 12,479   9.7 %
                   
    Gross Written Premium by Line of Business              
    Commercial property $ 140,739   $ 128,260   $ 12,479   9.7 %
    Personal property              
    Total gross written premium by line of business $ 140,739   $ 128,260   $ 12,479   9.7 %
                           

    Loss and LAE increased by $23.1 million, or 344.8%, to $29.8 million for the fourth quarter of 2024, from $6.7 million for the fourth quarter of 2023. Loss and LAE expense as a percentage of net earned premiums increased 26.8 points to 40.5% for the fourth quarter of 2024, compared to 13.7% for the fourth quarter of 2023. Excluding catastrophe losses and reserve development, the Company’s gross underlying loss and LAE ratio for the fourth quarter of 2024 would have been 6.6%, a 1.2 point increase from the fourth quarter of 2023.

    Policy acquisition costs increased by $13.4 million, or 102.3%, to $26.5 million for the fourth quarter of 2024, from $13.1 million for the fourth quarter of 2023, primarily due to a decrease in reinsurance commission income attributable to the change in our quota share reinsurance cession rate from 40% to 20% effective June 1, 2024. In addition, our management fees attributable to our commercial property premiums increased as the result of additional premiums written quarter-over-quarter.

    General and administrative expenses increased by $1.7 million, or 17.7%, to $11.3 million for the fourth quarter of 2024, from $9.6 million for the fourth quarter of 2023, driven by increased overhead costs, such as amortization of capitalized software, equipment costs and salaries, and external spend for audit, actuarial and legal services.

    IIC Quarterly Results Highlights

    Net loss attributable to IIC totaled $633 thousand for the fourth quarter of 2024 compared to a net loss of $274 thousand for the fourth quarter of 2023. Drivers of the quarter-over-quarter increase included: an increase in general and administrative expenses of $406 thousand as the result of increased costs such as software licensing costs and salary expenses, offset by increased revenues of $355 thousand, which were driven by an increase in gross earned premiums of $1.4 million, offset by increased ceded premiums earned of $1.0 million.

    Annual Financial Results

    Net income attributable to the Company for the year ended December 31, 2024 was $75.7 million, or $1.54 per diluted share, compared to net income of $309.9 million, or $6.98 per diluted share, for the year ended December 31, 2023. Drivers of net income during 2024 included increased gross premiums earned partially offset by increased ceded premiums earned. Net investment income also increased, driving additional total revenues year-over-year. This increase in revenue was offset by increased expenses year-over-year, driven by increases in losses and LAE incurred and general and administrative expenses, partially offset by decreased policy acquisition costs. During 2024, the Company experienced a net loss attributable to discontinued operations of $601 thousand, compared to $224.7 million of net income attributable to discontinued operations during 2023, as the deconsolidation of the Company’s former subsidiary, UPC, is not impacting the Company in 2024.

    The Company’s total gross written premium increased by $12.1 million, or 1.9%, to $647.8 million for the year ended December 31, 2024, from $635.7 million for the year ended December 31, 2023. The breakdown of the quarter-over-quarter changes in both direct written and assumed premiums by state and gross written premium by line of business are shown in the table below.

               
    ($ in thousands) Year Ended December 31,        
        2024     2023     Change $   Change %
    Direct Written and Assumed Premium by State (1)              
    Florida $ 642,727   $ 635,602     $ 7,125   1.1 %
    New York                
    Texas       (9 )     9   (100.0 )
    Total direct written premium by state   642,727     635,593       7,134   1.1  
    Assumed premium (2)   5,078     116       4,962   4,277.6  
    Total gross written premium by state $ 647,805   $ 635,709     $ 12,096   1.9 %
                   
    Gross Written Premium by Line of Business              
    Commercial property $ 647,805   $ 635,709     $ 12,096   1.9 %
    Personal property                
    Total gross written premium by line of business $ 647,805   $ 635,709     $ 12,096   1.9 %
    (1) The Company ceased writing in Texas as of May 31, 2022.
    (2) Assumed premium written for 2023 and 2024 primarily included commercial property business assumed from unaffiliated insurers.
       

    Loss and LAE increased by $22.6 million, or 48.4%, to $69.3 million for the year ended December 31, 2024, from $46.7 million for the year ended December 31, 2023. Loss and LAE expense as a percentage of net earned premiums increased 7.5 points to 25.3% for the year ended December 31, 2024, compared to 17.8% for the year ended December 31, 2023. Excluding catastrophe losses and reserve development, the Company’s gross underlying loss and LAE ratio for the year ended December 31, 2024, would have been 7.4%, a decrease of 0.3 points from 7.7% for the year ended December 31, 2023.

    Policy acquisition costs decreased by $4.4 million, or 5.9%, to $71.0 million for the year ended December 31, 2024, from $75.4 million for the year ended December 31, 2023, primarily due to an increase in ceding commission income as the result of the Company including quota share reinsurance coverage in their core catastrophe reinsurance programs beginning June 1, 2023. This resulted in ceding commission income for the full year ended December 31, 2024, compared to only seven months of the year ended December 31, 2023. This was partially offset by increased external management fees and premium taxes related to the Company’s increased commercial lines gross written premium.

    General and administrative expenses increased by $7.2 million, or 19.1%, to $44.8 million for the year ended December 31, 2024, from $37.6 million for the year ended December 31, 2023, driven by increased overhead costs, such as amortization of capitalized software and salaries, as well as external spend for audit, actuarial and legal services.

    IIC Annual Results Highlights

    Net loss attributable to IIC totaled $1.3 million for the year ended December 31, 2024, compared to a net loss of $3.0 million for the year ended December 31, 2023. Drivers of the year-over-year decreased loss included: an increase in net premiums earned of $6.5 million, driven by an increase in gross premiums earned of $5.1 million, while ceded premiums earned decreased $1.4 million. This was partially offset by increased expenses of $3.9 million, driven by an increase in loss and LAE incurred of $2.6 million, which was driven by current year non-catastrophe losses, and an increase in general and administrative expenses of $853 thousand as the result of increased costs, such as software licensing costs and salary expenses. IIC’s policy acquisition costs also increased $426 thousand, driven by the increase in premiums described above.

    Reinsurance Costs as a Percentage of Gross Earned Premium

    Reinsurance costs as a percentage of gross earned premium in the fourth quarter of 2024 and 2023 were as follows:

           
      2024   2023
    Non-at-Risk (0.3) %   (0.2) %
    Quota Share (16.2) %   (31.4) %
    All Other (38.3) %   (37.4) %
    Total Ceding Ratio (54.8) %   (69.0) %
           

    Ceded premiums earned related to the Company’s catastrophe excess of loss contracts remained relatively flat quarter-over-quarter. The Company’s utilization of quota share reinsurance coverage resulted in less excess of loss coverage needed for the 2023-2024 catastrophe year; however, the cost savings associated with this reduction in necessary coverage were offset by rate increases on catastrophe excess of loss coverage for the same period. This utilization of quota share reinsurance coverage increased the Company’s ceding ratio overall during 2023. Effective June 1, 2024, the Company decreased its quota share reinsurance coverage from 40% to 20%, lowering the Company’s quota share ceding ratio and overall ceding ratio.

    Reinsurance costs as a percentage of gross earned premium in the fourth quarter of 2024 and 2023 for IIC, captured within discontinued operations, were as follows:

       
      IIC
      2024   2023
    Non-at-Risk (2.4) %   (2.7) %
    Quota Share — %   — %
    All Other (28.4) %   (20.9) %
    Total Ceding Ratio (30.8) %   (23.6) %
           

    Investment Portfolio Highlights

    The Company’s cash, restricted cash and investment holdings increased from $311.9 million at December 31, 2023, to $540.8 million at December 31, 2024. This increase is driven by positive cash flows from operations. The Company’s cash and investment holdings consist of investments in U.S. government and agency securities, corporate debt and investment grade money market instruments. Fixed maturities represented approximately 82.3% of total investments at December 31, 2024, compared to 89.4% of total investments at December 31, 2023. The Company’s fixed maturity investments had a modified duration of 2.2 years at December 31, 2024, compared to 3.4 years at December 31, 2023.

    Book Value Analysis

    Book value per common share increased 35.5% from $3.61 at December 31, 2023, to $4.89 at December 31, 2024. Underlying book value per common share increased 31.2% from $3.97 at December 31, 2023, to $5.21 at December 31, 2024. An increase in the Company’s retained earnings as a result of net income for the year ended December 31, 2024, drove the increase in the Company’s book value per share. As shown in the table below, removing the effect of Accumulated Other Comprehensive Income (“AOCI”), caused by capital market conditions, increases the Company’s book value per common share at December 31, 2024.

           
    ($ in thousands, except for share and per share data) December 31, 2024    December 31, 2023
     
    Book Value per Share      
    Numerator:      
    Common stockholders’ equity $ 235,660     $ 168,765  
    Denominator:      
    Total Shares Outstanding   48,204,962       46,777,006  
    Book Value Per Common Share $ 4.89     $ 3.61  
           
    Book Value per Share, Excluding the Impact of AOCI      
    Numerator:      
    Common stockholders’ equity $ 235,660     $ 168,765  
    Less: Accumulated other comprehensive loss   (15,666 )     (17,137 )
    Stockholders’ Equity, excluding AOCI $ 251,326     $ 185,902  
    Denominator:      
    Total Shares Outstanding   48,204,962       46,777,006  
    Underlying Book Value Per Common Share(1) $ 5.21     $ 3.97  
    (1) Underlying book value per common share is a non-GAAP financial measure and is reconciled above to book value per common share, the most directly comparable GAAP measure. Additional information regarding non-GAAP financial measures presented in this press release can be found in the “Definitions of Non-GAAP Measures” section below.
       

    Conference Call Details

    About American Coastal Insurance Corporation

    American Coastal Insurance Corporation (amcoastal.com) is the holding company of the insurance carrier, American Coastal Insurance Company, which was founded in 2007 for the purpose of insuring Condominium and Homeowner Association properties, and apartments in the state of Florida. American Coastal Insurance Company has an exclusive partnership for distribution of Condominium Association properties in the state of Florida with AmRisc Group (amriscgroup.com), one of the largest Managing General Agents in the country specializing in hurricane-exposed properties. American Coastal Insurance Company has earned a Financial Stability Rating of “A”, “Exceptional” from Demotech, and maintains an “A-” insurance financial strength rating with a Stable outlook by Kroll. ACIC maintains a ‘BB+’ issuer rating with a Stable outlook by Kroll.

    Contact Information:
    Alexander Baty
    Vice President, Finance & Investor Relations, American Coastal Insurance Corp.
    investorrelations@amcoastal.com
    (727) 425-8076

    Karin Daly
    Investor Relations, Vice President, The Equity Group
    kdaly@equityny.com
    (212) 836-9623

    Definitions of Non-GAAP Measures

    The Company believes that investors’ understanding of ACIC’s performance is enhanced by the Company’s disclosure of the following non-GAAP measures. The Company’s methods for calculating these measures may differ from those used by other companies and therefore comparability may be limited.

    Net income (loss) excluding the effects of amortization of intangible assets, income (loss) from discontinued operations, realized gains (losses) and unrealized gains (losses) on equity securities, net of tax (core income (loss)) is a non-GAAP measure that is computed by adding amortization, net of tax, to net income (loss) and subtracting income (loss) from discontinued operations, net of tax, realized gains (losses) on the Company’s investment portfolio, net of tax, and unrealized gains (losses) on the Company’s equity securities, net of tax, from net income (loss). Amortization expense is related to the amortization of intangible assets acquired, including goodwill, through mergers and, therefore, the expense does not arise through normal operations. Investment portfolio gains (losses) and unrealized equity security gains (losses) vary independent of the Company’s operations. The Company believes it is useful for investors to evaluate these components both separately and in the aggregate when reviewing the Company’s performance. The most directly comparable GAAP measure is net income (loss). The core income (loss) measure should not be considered a substitute for net income (loss) and does not reflect the overall profitability of the Company’s business.

    Core return on equity is a non-GAAP ratio calculated using non-GAAP measures. It is calculated by dividing the core income (loss) for the period by the average stockholders’ equity for the trailing twelve months (or one quarter of such average, in the case of quarterly periods). Core income (loss) is an after-tax non-GAAP measure that is calculated by excluding from net income (loss) the effect of income (loss) from discontinued operations, net of tax, non-cash amortization of intangible assets, including goodwill, unrealized gains or losses on the Company’s equity security investments and net realized gains or losses on the Company’s investment portfolio. In the opinion of the Company’s management, core income (loss), core income (loss) per share and core return on equity are meaningful indicators to investors of the Company’s underwriting and operating results, since the excluded items are not necessarily indicative of operating trends. Internally, the Company’s management uses core income (loss), core income (loss) per share and core return on equity to evaluate performance against historical results and establish financial targets on a consolidated basis. The most directly comparable GAAP measure is return on equity. The core return on equity measure should not be considered a substitute for return on equity and does not reflect the overall profitability of the Company’s business.

    Combined ratio excluding the effects of current year catastrophe losses and prior year reserve development (underlying combined ratio) is a non-GAAP measure, that is computed by subtracting the effect of current year catastrophe losses and prior year development from the combined ratio. The Company believes that this ratio is useful to investors, and it is used by management to highlight the trends in the Company’s business that may be obscured by current year catastrophe losses and prior year development. Current year catastrophe losses cause the Company’s loss trends to vary significantly between periods as a result of their frequency of occurrence and severity and can have a significant impact on the combined ratio. Prior year development is caused by unexpected loss development on historical reserves. The Company believes it is useful for investors to evaluate these components both separately and in the aggregate when reviewing the Company’s performance. The most directly comparable GAAP measure is the combined ratio. The underlying combined ratio should not be considered as a substitute for the combined ratio and does not reflect the overall profitability of the Company’s business.

    Net loss and LAE excluding the effects of current year catastrophe losses and prior year reserve development (underlying loss and LAE) is a non-GAAP measure that is computed by subtracting the effect of current year catastrophe losses and prior year reserve development from net loss and LAE. The Company uses underlying loss and LAE figures to analyze the Company’s loss trends that may be impacted by current year catastrophe losses and prior year development on the Company’s reserves. As discussed previously, these two items can have a significant impact on the Company’s loss trends in a given period. The Company believes it is useful for investors to evaluate these components both separately and in the aggregate when reviewing the Company’s performance. The most directly comparable GAAP measure is net loss and LAE. The underlying loss and LAE measure should not be considered a substitute for net loss and LAE and does not reflect the overall profitability of the Company’s business.

    Book value per common share, excluding the impact of accumulated other comprehensive loss (underlying book value per common share), is a non-GAAP measure that is computed by dividing common stockholders’ equity after excluding accumulated other comprehensive income (loss), by total common shares outstanding plus dilutive potential common shares outstanding. The Company uses the trend in book value per common share, excluding the impact of accumulated other comprehensive income (loss), in conjunction with book value per common share to identify and analyze the change in net worth attributable to management efforts between periods. The Company believes this non-GAAP measure is useful to investors because it eliminates the effect of interest rates that can fluctuate significantly from period to period and are generally driven by economic and financial factors that are not influenced by management. Book value per common share is the most directly comparable GAAP measure. Book value per common share, excluding the impact of accumulated other comprehensive income (loss), should not be considered a substitute for book value per common share and does not reflect the recorded net worth of the Company’s business.

    Discontinued Operations

    On May 9, 2024, the Company entered into the Sale Agreement with Forza Insurance Holdings, LLC (“Forza”) in which ACIC will sell and Forza will acquire 100% of the issued and outstanding stock of the Company’s subsidiary, IIC. Forza’s application to acquire IIC was approved by the New York Department of Financial Services on February 13, 2025. The Company and Forza have agreed to close on April 1, 2025.

    In addition, on February 27, 2023, the Florida Department of Financial Services was appointed as receiver of the Company’s former subsidiary, UPC. As such, prior year financial results and Consolidated Balance Sheet components have been reclassified to reflect continuing and discontinued operations appropriately.

    Forward-Looking Statements

    Statements made in this press release, or on the conference call identified above, and otherwise, that are not historical facts are “forward-looking statements”. The Company believes these statements are based on reasonable estimates, assumptions and plans. However, if the estimates, assumptions, or plans underlying the forward-looking statements prove inaccurate or if other risks or uncertainties arise, actual results could differ materially from those expressed in, or implied by, the forward-looking statements. These statements are made subject to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements do not relate strictly to historical or current facts and may be identified by their use of words such as “may,” “will,” “expect,” “endeavor,” “project,” “believe,” “plan,” “anticipate,” “intend,” “could,” “would,” “estimate” or “continue” or the negative variations thereof or comparable terminology. Factors that could cause actual results to differ materially may be found in the Company’s filings with the U.S. Securities and Exchange Commission, in the “Risk Factors” section in the Company’s most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q. Forward-looking statements speak only as of the date on which they are made, and, except as required by applicable law, the Company undertakes no obligation to update or revise any forward-looking statements.

           
    Consolidated Statements of Comprehensive Income
    In thousands, except share and per share amounts
           
      Three Months Ended   Year Ended
      December 31,   December 31,
        2024       2023       2024       2023  
    REVENUE:              
    Gross premiums written $ 140,739     $ 128,260     $ 647,805     $ 635,709  
    Change in gross unearned premiums   21,971       30,834       (9,197 )     (31,026 )
    Gross premiums earned   162,710       159,094       638,608       604,683  
    Ceded premiums earned   (89,218 )     (109,953 )     (364,618 )     (342,623 )
    Net premiums earned   73,492       49,141       273,990       262,060  
    Net investment income   5,321       2,075       20,795       8,300  
    Net realized investment losses         (2 )     (124 )     (6,789 )
    Net unrealized gains on equity securities   454       22       1,996       814  
    Other revenue         15             15  
    Total revenues $ 79,267     $ 51,251     $ 296,657     $ 264,400  
    EXPENSES:              
    Losses and loss adjustment expenses   29,794       6,710       69,319       46,678  
    Policy acquisition costs   26,514       13,138       70,990       75,436  
    General and administrative expenses   11,277       9,561       44,756       37,559  
    Interest expense   2,784       2,719       11,996       10,875  
    Total expenses   70,369       32,128       197,061       170,548  
    Income before other income   8,898       19,123       99,596       93,852  
    Other income (loss)   (11 )     1,071       2,063       2,228  
    Income before income taxes   8,887       20,194       101,659       96,080  
    Provision for income taxes   3,019       2,814       25,340       10,876  
    Income from continuing operations, net of tax $ 5,868     $ 17,380     $ 76,319     $ 85,204  
    Income (loss) from discontinued operations, net of tax   (922 )     (3,096 )     (601 )     224,707  
    Net income $ 4,946     $ 14,284     $ 75,718     $ 309,911  
    OTHER COMPREHENSIVE INCOME:              
    Change in net unrealized gains (losses) on investments   (4,049 )     6,696       3,355       5,998  
    Reclassification adjustment for net realized investment losses         2       124       6,808  
    Income tax benefit related to items of other comprehensive income                      
    Total comprehensive income $ 897     $ 20,982     $ 79,197     $ 322,717  
                   
    Weighted average shares outstanding              
    Basic   48,095,488       44,713,148       47,831,412       43,596,432  
    Diluted   49,589,458       45,712,715       49,362,985       44,388,804  
                   
    Earnings available to ACIC common stockholders per share              
    Basic              
    Continuing operations $ 0.12     $ 0.39     $ 1.60     $ 1.96  
    Discontinued operations   (0.02 )     (0.07 )     (0.01 )     5.15  
    Total $ 0.10     $ 0.32     $ 1.59     $ 7.11  
    Diluted              
    Continuing operations $ 0.12     $ 0.38     $ 1.55     $ 1.92  
    Discontinued operations   (0.02 )     (0.07 )     (0.01 )     5.06  
    Total $ 0.10     $ 0.31     $ 1.54     $ 6.98  
                   
    Dividends declared per share $ 0.50     $     $ 0.50     $  
                                   
                                   
           
    Consolidated Balance Sheets
    In thousands, except share amounts
           
      December 31, 2024   December 31, 2023
    ASSETS      
    Investments, at fair value:      
    Fixed maturities, available-for-sale $ 281,001     $ 138,387  
    Equity securities   36,794        
    Other investments   23,623       16,487  
    Total investments $ 341,418     $ 154,874  
    Cash and cash equivalents   137,036       138,930  
    Restricted cash   62,357       18,070  
    Accrued investment income   2,964       1,767  
    Property and equipment, net   5,736       3,658  
    Premiums receivable, net   46,564       45,924  
    Reinsurance recoverable on paid and unpaid losses   263,419       340,820  
    Ceded unearned premiums   160,893       155,301  
    Goodwill   59,476       59,476  
    Deferred policy acquisition costs   40,282       21,149  
    Intangible assets, net   5,908       8,548  
    Other assets   16,816       36,718  
    Assets held for sale   73,243       77,143  
    Total Assets $ 1,216,112     $ 1,062,378  
    LIABILITIES AND STOCKHOLDERS’ EQUITY      
    Liabilities:      
    Unpaid losses and loss adjustment expenses $ 322,087     $ 347,738  
    Unearned premiums   285,354       276,157  
    Reinsurance payable on premiums   83,130        
    Payments outstanding   699       706  
    Accounts payable and accrued expenses   86,140       74,783  
    Operating lease liability   3,323       739  
    Other liabilities   757       672  
    Notes payable, net   149,020       148,688  
    Liabilities held for sale   49,942       44,130  
    Total Liabilities $ 980,452     $ 893,613  
    Commitments and contingencies      
    Stockholders’ Equity:      
    Preferred stock, $0.0001 par value; 1,000,000 authorized; none issued or outstanding          
    Common stock, $0.0001 par value; 100,000,000 shares authorized; 48,417,045 and 46,989,089 issued, respectively; 48,204,962 and 46,777,006 outstanding, respectively   5       5  
    Additional paid-in capital   436,524       423,717  
    Treasury shares, at cost; 212,083 shares   (431 )     (431 )
    Accumulated other comprehensive loss   (15,666 )     (17,137 )
    Retained earnings (deficit)   (184,772 )     (237,389 )
    Total Stockholders’ Equity $ 235,660     $ 168,765  
    Total Liabilities and Stockholders’ Equity $ 1,216,112     $ 1,062,378  

    The MIL Network

  • MIL-OSI Canada: B.C. will strengthen biofuel industry with Canadian-content requirements

    Source: Government of Canada regional news

    The Province is taking action to strengthen British Columbia’s energy resilience and support local biofuel producers, ensuring cleaner transportation fuels and greater energy security for people in B.C.

    “British Columbians deserve a reliable, sustainable and Canadian fuel supply,” said Adrian Dix, Minister of Energy and Climate Solutions. “By increasing the Canadian biofuel content in our transportation fuels, we will support local producers, protect jobs and reduce our dependence on foreign energy. This action reflects our commitment to cleaner energy, economic growth and a resilient future for British Columbians.”

    B.C. and Canadian biofuel producers have long felt the impact of the competitive advantage American producers have over Canadian producers because of U.S. subsidies, which have increased under the U.S. Inflation Reduction Act.

    To support B.C. and Canadian biofuel producers, protect local jobs throughout the supply chain and strengthen British Columbia’s energy security, the Province is making key amendments to regulations under the Low Carbon Fuels Act that prioritize the inclusion of Canadian biofuels in B.C.’s transportation fuels. This action will stabilize the biofuel market and support B.C. companies such as Tidewater Renewables in Prince George, Parkland in Burnaby and Consolidated Biofuels in Delta.

    “We welcome the Government of B.C.’s changes to the Low Carbon Fuels Act and the commitment to strengthen the Canadian biofuel sector,” said Jeremy Baines, president and CEO, Tidewater Renewables. “This is a good first step in levelling the playing field with imported biofuels that take advantage of overlapping foreign and Canadian policies, and moving toward an economically viable Canadian renewable fuel industry. Tidewater is committed to being a leader in the energy transition, continuing to develop made-in-B.C. energy solutions, creating good-paying jobs in British Columbia and continuing to supply low-carbon fuels, helping British Columbia and Canada meet emission-reduction targets.”

    Effective Jan. 1, 2026, the minimum 5% renewable-fuel requirement for gasoline must be met with eligible renewable fuels produced in Canada. The renewable-fuel requirement for diesel is 4% and will immediately be increased to 8%. Beginning April 1, 2025, the renewable content of diesel fuel must be produced in Canada.

    The Province has been working closely with B.C. biofuel producers and suppliers to develop an approach that supports the entire industry and limits price impacts. This aligns with the Province’s commitment to sustainability and competitiveness, balancing environmental goals with economic development, signalling B.C.’s leadership in advancing a cleaner and more resilient energy future.

    Quotes:

    Dan Treleaven, chief executive officer, Consolidated Biofuels Ltd. –

    “This news is welcome support for local homegrown biofuel producers. Securing and growing local production reduces reliance on imports, while maintaining one of the most progressive carbon-reduction programs in Canada.”

    Mark Zacharias, executive director, Clean Energy Canada –

    “We are pleased to see today’s amendments to the Low Carbon Fuels Regulation. These changes will provide certainty to B.C. and Canadian biofuel producers, while connecting the Canadian biofuel supply chain and supporting the province’s clean-energy economy. In the face of potential U.S. tariffs, these changes will create jobs here in B.C., while doing our part for the climate.”

    Learn More:

    British Columbia’s Low Carbon Fuel Standard:
    https://www2.gov.bc.ca/gov/content/industry/electricity-alternative-energy/transportation-energies/renewable-low-carbon-fuels

    A backgrounder follows.

    MIL OSI Canada News

  • MIL-OSI USA: Ricketts, Flood Introduce CRA Legislation to Overturn CFPB’s Regulatory Overreach of Consumer Payment Companies

    US Senate News:

    Source: United States Senator Pete Ricketts (Nebraska)
    WASHINGTON, D.C. – Today, U.S. Senator Pete Ricketts (R-NE) and U.S. Representative Mike Flood (R-NE-01) introduced a bicameral Congressional Review Act resolution to overturn the Consumer Financial Protection Bureau (CFPB)’s latest overreach in the digital consumer payment market. The legislation would nullify the CFPB’s burdensome “Defining Larger Participants of a Market for General-Use Digital Consumer Payment Applications” rule, which took effect on January 9, 2025.
    “Following their election loss, the Biden-Harris CFPB rushed an eleventh-hour rule to attack non-bank digital consumer payment applications,” said Senator Ricketts. “This one-size-fits-all solution in search of a problem unnecessarily expands the CFPB’s authority. Our legislation eliminates barriers to innovation, cuts red tape, and supports our job-creators. Thank you, Congressman Flood, for leading this common-sense effort in the House. I urge my colleagues to consider this legislation without delay.”
    “Over the last four years, progressive activists sought to dramatically expand the regulatory authority of the Consumer Financial Protection Bureau,” said Representative Flood. “One of the tools they used to achieve their goal was the Larger Participants Rule, which has attempted to leverage the agency’s examination authority to regulate non-bank consumer payments firms. Rolling back this regulation is critical to ensuring that the CFPB doesn’t become a barrier to innovation for job creators across America. Thank you to my colleagues in the House who are joining this effort and to Senator Ricketts for leading on this bicameral effort as well.”
    “Technology helps Americans of all backgrounds manage their financial lives. The CFPB’s rule doesn’t benefit consumers or the market, but it would stifle fintech innovation,” said Carl Holshouser, Executive Vice President of TechNet. “The final rule’s one-size-fits-all approach fails to follow applicable law, does not identify any specific consumer harm, and largely ignores stakeholder comments. Instead, the Bureau casts a wide net to turn itself into a general technology regulator instead of a financial one. TechNet is thankful to Representative Flood and Senator Ricketts for introducing this important resolution and looks forward to Congress rescinding the CFPB’s rule.”
    “The final rule was deeply flawed, failed to define a market or identify specific risks to consumers, and conflated diverse uses and products into a one-size-fits-all approach,” said Penny Lee, President and CEO of the Financial Technology Association. “This was an overreach by the CFPB as payment companies are well-regulated at the state and federal levels. We applaud Senator Pete Ricketts and Congressman Mike Flood in leading the Congressional Review Act process.”
    Bill text can be found here.
    BACKGROUND
    On November 21, 2024, the CFPB finalized a rule entitled “Defining Larger Participants of a Market for a General-Use Digital Consumer Payment Applications”— one of the Biden Administration’s many midnight rulemakings at the end of the year. Effective Jan. 9, 2025, the rule stretches CFPB’s powers to establish new supervision and examination authority over nonbank entities identified as “larger participants” in the general-use digital consumer payment applications market. These entities include payment apps, digital wallets, peer-to-peer payment apps, and other entities. “Larger participants” are entities that facilitate at least 50 million consumer payment transactions annually. Payment apps like Paypal or Venmo are examples.
    Many payment companies are already regulated at the federal and state level. Consumers are having positive experiences in engaging with these services. Despite minimal consumer complaints about payment services—accounting for only 1% of the CFPB’s 1.3 million complaints in 2023—the CFPB chose to layer additional oversight on an already well-regulated industry.
    This one-size-fits-all solution in search of a problem expands CFPB’s authority without properly identifying a specific market it seeks to supervise or the risks within a specific market that pose harm to consumers that existing regulation doesn’t already mitigate. It will layer overreaching, duplicative regulation that could stifle innovation and lead to fewer services and increased costs.
    Further, the cost-benefit analysis supporting the rule is insufficient, unrealistic, and notably underestimates a CFPB exam to cost just $25,001.

    MIL OSI USA News

  • MIL-OSI Canada: Federal government invests in shoreline adaptation and restoration for the Tsleil-Waututh Nation

    Source: Government of Canada regional news

    From Housing, Infrastructure and Communities Canada:
    English: https://www.canada.ca/en/housing-infrastructure-communities/news/2025/02/federal-government-invests-in-shoreline-adaptation-and-restoration-for-the-tsleil-waututh-nation.html  
    French: https://www.canada.ca/fr/logement-infrastructures-collectivites/nouvelles/2025/02/le-gouvernement-federal-investit-dans-ladaptation-et-la-restauration-des-berges-de-la-nation-des-tsleil-waututh.html

    Erosion and flood protection improvements will help preserve the səlilwətaɬ (Tsleil-Waututh Nation) shores after a joint investment of more than $10.1 million from the federal government and the Nation.

    This project includes beach replenishment, which will involve concept planning and engineering, site preparation, marine riparian shoreline planting, and the installation of intertidal adaptation features.

    These improvements will protect the shoreline while promoting biodiversity, restoring habitat health, strengthening structural capacity, and improving ecological systems. This project will also increase the Nation’s resilience to climate change, natural disasters, and extreme weather events for years to come.

    Quotes:

    “Thank you to the Tsleil-Waututh Nation for their dedication, innovation, and hard work in restoring and protecting the shoreline from flooding and rising sea levels. Our government is working alongside Indigenous partners to tackle extreme weather, adapt to climate change, and build stronger, more resilient communities. Traditional Indigenous knowledge and experience from those living on this land since time immemorial is critical in fighting climate change and protecting our shared future. That’s why federal programs like this empower local leaders to drive the changes that work best in their communities.”

    – The Honourable Terry Beech, Minister of Citizens’ Services and Member of Parliament for Burnaby North – Seymour

    “These improvements to the Tsleil-Waututh Nation lands will protect the shoreline and marine habitat now and for future generations. The impacts of climate change make it essential that we act now to address potential hazards to make our communities stronger, preserve our natural ecosystems and keep people safe.”

    – The Honourable Kelly Greene, B.C. Minister of Emergency Management and Climate Readiness

    “səlilwətaɬ (Tsleil-Waututh Nation) is grateful for Green Adaptation, Resilience and Disaster Mitigation funding to support our reserve shoreline adaptation and resilience project. This funding will enable us to complete Tsleil-Waututh Nation Reserve shoreline protection, beach nourishment, and restoration works to address longstanding concerns with coastal erosion and flooding, and to strengthen community resilience to climate change. This project is also expected to enhance marine ecological health and biodiversity, protect səlilwətaɬ community lands and cultural sites, and improve community access to the shoreline for stewardship practices and intergenerational knowledge sharing.”

    – Chief Jen Thomas, səlilwətaɬ (Tsleil-Waututh Nation)

    Quick Facts:

    • The federal government is investing $7,599,914 through the Green Infrastructure Stream of the Investing in Canada Infrastructure Program and the səlilwətaɬ (Tsleil-Waututh Nation) is contributing $2,533,305 with support from the Government of British Columbia.
    • This stream helps build greener communities by contributing to climate change preparedness, reducing greenhouse gas emissions, and supporting renewable technologies.
    • Including today’s announcement, over 150 infrastructure projects under the Green Infrastructure Stream have been announced in British Columbia, with a total federal contribution of more than $610 million and a total provincial contribution of more than $429 million.
    • Under the Investing in Canada Plan, the federal government is investing more than $180 billion over 12 years in public transit projects, green infrastructure, social infrastructure, trade and transportation routes, and Canada’s rural and northern communities.
    • Federal funding is conditional on fulfilling all requirements related to consultation with Indigenous groups and environmental assessment obligations.

    Associated Links:

    Investing in Canada: Canada’s Long-Term Infrastructure Plan:
    https://housing-infrastructure.canada.ca/plan/icp-publication-pic-eng.html

    Green Infrastructure Stream:
    https://housing-infrastructure.canada.ca/plan/icp-publication-pic-eng.html

    Housing and Infrastructure Project Map:
    https://housing-infrastructure.canada.ca/gmap-gcarte/index-eng.html

    Strengthened Climate Plan:
    https://www.canada.ca/en/services/environment/weather/climatechange/climate-plan/climate-plan-overview.html

    For more information (media only), please contact:

    MIL OSI Canada News

  • MIL-OSI United Nations: Diverse disaster risks in the Arab States have led to inspiring solutions

    Source: UNISDR Disaster Risk Reduction

    SRSG Kamal Kishore visited Kuwait in February 2025 for the Arab Regional Platform for Disaster Risk Reduction. In this article he reflects on the region’s challenges and successes.
     

    The Arab States region is known for its extremes: some of the world’s harshest conditions, but also the famous hospitality of its inhabitants. It is home to some of the wealthiest nations, but also many amongst the least-developed. It faces serious disaster risks – especially slow onset disasters like drought and desertification – but is also a source of innovative solutions.

    I spent the past week in Kuwait where disaster risk management policy makers and practitioners from 22 countries from the Arab States region came together for the 6th Arab Regional Platform for Disaster Risk Reduction. This multi-stakeholder forum was called to take stock of progress against the Sendai Framework for Disaster Risk Reduction and devise ways to accelerate implementation over the next five years. Much of the success can be attributed to the generosity and professionalism of the host country, the State of Kuwait. The excellent organization of the Platform was the result of a tight partnership between the Kuwait Fire Force, the League of Arab States, and UNDRR’s Regional Office for Arab States, lining up a programme that covered a wide array of important topics for the region.

    During the five intense days of deliberations, I learned many things. In a region that is beset by many challenges, disaster risk reduction issues do not always spring to mind as the most urgent. However the region has seen some of the worst disasters over the last few years – including floods in Libya (2023), Oman (2024) and UAE (2024); earthquakes in Syria and Morocco (2023); and a string of severe droughts across much of the region.

    To say that the Arab States region is highly diverse is to state the obvious. However, this diversity goes beyond the nature of disaster risk (varying hazards, exposure, and socio-economic vulnerability) to the diverse institutional approaches adopted by countries of the region to manage disaster risk. The United Arab Emirates, in particular, have shown great leadership in the region, as champions of urban resilience and hosts of the COP28 UN Climate Change Conference.

    During the Regional Platform I had so many enlightening conversations – formal and informal – and participated in numerous events and discussions. Considering all that I learned, I have the following reflections:

    The next leap

    Most of the countries in the region have established strong national level institutions for disaster risk management (these are variously named Disaster Management Agencies, or Emergency, Crisis and Disaster Management Authorities, and so on) and many have developed multi-year strategies for disaster risk management (for example, Morocco has a strategy for 2020 to 2030).

    The next leap would be to pursue more integrative work with all development sectors. Interesting initiatives are already emanating from the region. For example: UNDRR’s Private Sector Alliance for Disaster Resilient Societies (ARISE) has helped develop and apply a resilience tool to aid the real estate sector in Dubai; and Libya and Iraq are modernizing the management of their irrigation dams.

    Play closer attention to compounding risks

    For example, sand and dust storms are getting more complex – in a region that has rapidly urbanized, not only are the impacts of these hazards evolving (such as the impacts on power transmission networks and renewable energy production), but these hazards are also combining with other threats such as soil and air pollution to create even bigger impacts.

    ABCD (Align Biodiversity, Climate Change and Desertification) of Comprehensive Risk Management 

    This is a region where on-the-ground integration of the three Rio Conventions – Biodiversity, Climate Change, and Desertification – really comes alive. However, taking such a comprehensive approach requires that we align all of these interests across regional, national and sub-national institutions.

    Blend tradition and innovation

    The region is home to centuries of traditional wisdom to deal with extreme conditions and natural hazards – for example, this can be seen in how traditional housing and clothing have evolved to combat extreme heat. Traditional systems of finance such as Islamic Finance (and the notion of Zakat) provide a solid foundation for society’s financial resilience, particularly for the poorest. At the same time, many countries in the region are at the forefront of cutting-edge innovation – from advances in water management to the application of AI.

    We can draw on both traditional wisdom and modern innovation to achieve disaster risk reduction objectives.


    The energy and enthusiasm I witnessed during this past week gives me a sense of optimism that if we stay the course, this region can not only demonstrate on-the-ground disaster risk reduction results, but can also inspire action across the world.

    The Global Platform for Disaster Risk Reduction, in June this year, will give an opportunity for all of the regions to share the outcomes of the Regional Platforms, and I look forward to the contributions arising from the Arab States Regional Platform.

    MIL OSI United Nations News

  • MIL-OSI USA: Commodity Classic Hyperwall Schedule

    Source: NASA

    NASA Science at AMS Hyperwall Schedule, January 13-16, 2025
    Join NASA in the Exhibit Hall (Booth #401) for Hyperwall Storytelling by NASA experts. Full Hyperwall Agenda below.

    MONDAY, JANUARY 13

    6:10 – 6:25 PM
    The Golden Age of Ocean Science: How NASA’s Newest Missions Advance the Study of Oceans in our Earth System
    Dr. Karen St. Germain

    6:25 – 6:40 PM
    Integration of Vantage Points and Approaches for Earth System Science
    Dr. Jack Kaye

    6:45 – 7:00 PM
    Helio Big Year Wind-Down and a Look Ahead
    Dr. Joseph Westlake

    7:00 – 7:15 PM
    Chasing Snowstorms with Airplanes: An Overview of the IMPACTS Field Campaign
    John YorksLynn McMurdie

    7:15 – 7:30 PM
    NASA Earth Action Empowering Health and Air Quality Communities
    Dr. John Haynes

    TUESDAY, JANUARY 14

    10:00 – 10:15 AM
    Earthdata Applications
    Hannah Townley

    10:15 – 10:30 AM
    Climate Adaptation Science Investigators (CASI): Enhancing Climate Resilience at NASA
    Cynthia Rosenzweig

    10:30 – 10:45 AM
    From Orbit to Earth: Exploring the LEO Science Digest
    Jeremy Goldstein

    12:00 – 12:15 PM
    Visualizaiton of the May 10-11 ‘Gannon’ Geospace Storm
    Michael Wiltberger

    12:15 – 12:30 PM
    Explore Space Weather Through the Community Coordinated Modeling Center and OpenSpace
    Elana Resnick

    12:30 – 12:45 PM
    Satellite Needs Working Group (SNWG): US Government Agencies’ Source of NASA ESD-wide Earth Observations solutions
    Natasha Sadoff

    12:45 – 1:00 PM
    Connecting Satellite Data to the One Health Approach
    Helena Chapman

    1:00 – 1:15 PM
    A Bird’s-Eye View of Pollution in Asian Megacities
    Laura Judd

    1:15 – 1:30 PM
    Space Weather at Mars
    Gina DiBraccioJamie Favors

    3:00 – 3:15 PM
    Open Science: Creating a Culture of Innovation and Collaboration
    Lauren Perkins

    3:15 – 3:30 PM
    NASA’s Early Career Reseach Program Paving the Way
    Cynthia HallYaítza Luna-Cruz

    3:30 – 3:45 PM
    SciX: Accelerating Discovery of NASA’s Science through Open Science and Domain Integration
    Anna Kelbert

    6:15 – 6:30 PM
    Using NASA IMERG to Detect Extreme Rainfall Within Data Deserts
    Owen KelleyGeorge Huffman

    6:30 – 6:45 PM
    Satellite Remote Sensing of Aerosols Around the World
    Rob Levy

    6:45 – 7:00 PM
    The Sun, Space Weather, and You
    Jim SpannErin Lynch

    7:00 – 7:15 PM
    Eyes on the Stars: The Building of a 21st-century Solar Observatory
    Ame FoxDr. Elsayed Talaat

    7:15 – 7:30 PM
    NASA ESTO: Launchpad for Novel Earth Science Technologies
    Michael Seablom

    WEDNESDAY, JANUARY 15

    10:00 – 10:15 AM
    Parker Solar Probe Outreach and the Power of Indigenous Thought Leaders
    Troy Cline

    10:15 – 10:30 AM
    Forecasting Extreme Weather Events at Local Scales with NASA High-Resolution Models
    Gary Partyka

    10:30 – 10:45 AM
    North American Land Data Assimilation System: Informing Water and Agricultural Management Applications with NASA Modeling and Remote Sensing
    Sujay Kumar

    12:00 – 12:15 PM
    Life After Launch: A Snapshot of the First 9 Months of NASA’s PACE Mission
    Carina Poulin

    12:15 – 12:30 PM
    Space Weather and the May 2024 Geomagnetic Storm
    Antti Pulkkinen

    12:30 – 12:45 PM
    Geospace Dynamics Constellation: The Space Weather Rosetta Stone
    Dr. Katherine Garcia Gage

    12:45 – 1:00 PM
    Monitoring Sea Level Change using ICESat-2 and other NASA EO Missions
    Aimee Neeley

    1:00 – 1:15 PM
    Space Weather Center of Excellence CLEAR: All-CLEAR SEP Forecast
    Lulu Zhao

    1:15 – 1:30 PM
    Harnessing the Power of NASA Earth Observations for a Resilient Water Future
    Stephanie Granger

    3:00 – 3:15 PM
    From EARTHDATA to Action: Enabling Earth Science Data to Serve Society
    Jim O’SullivanYaitza Luna-Cruz

    3:15 – 3:30 PM
    GMAO and GEOS Related Talk TBD
    Christine Bloecker

    3:30 – 3:45 PM
    Live Heliophysics Kahoot! Quiz Bowl
    Jimmy Acevedo

    3:45 – 4:00 PM
    Parker Solar Probe
    Nour Rawaf

    THURSDAY, JANUARY 16

    10:00 – 10:15 AM
    Sounds of Space: Sonification with CDAWeb
    Alex Young

    10:30 – 10:45 AM
    Developing the Future of Microwave Sounding Data: Benefits and Opportunities
    Ed Kim

    MIL OSI USA News

  • MIL-OSI Security: Defense News: Military Sealift Command Continues Support to Operation Deep Freeze 2025

    Source: United States Navy

    The Military Sealift Command chartered ship MV Ocean Gladiator is conducting a cargo offload of supplies at McMurdo Station, Antarctica in support of the annual resupply mission Operation Deep Freeze (ODF) 2025.

    The second of two MSC chartered ships supporting ODF 2025, Ocean Gladiator arrived at McMurdo Station on Feb. 20, where they were met by members of Navy Cargo Handling Battalion ONE and began conducting the offload. The ship is delivering 321 pieces of cargo, consisting of containers filled with mechanical parts, vehicles, construction materials including cement pilings for a pier project, food, electronics equipment and comfort items; supplies needed to sustain the next year of operations at McMurdo Station, Antarctica.

    Following the offload, Ocean Gladiator will be loaded with 149 containers of retrograde cargo for transportation off the continent. This includes trash and recyclable materials for disposal and equipment no longer required on the station, as well as the 65-ton floating Modular Causeway System, which has been used in lieu of the ice-pier for cargo operations. Before departing McMurdo station, Ocean Gladiator will be loaded with ice core samples that will be stored on the ship in a sub-zero freezer. The ice core samples will be delivered to the United States for scientific study.
    Logistics moves are nothing new for MSC, in fact, they are almost a daily occurrence. Moving cargo in the harshest environment on Earth is a mission unto itself, as Marie Morrow, MSC’s ship liaison to the Joint Support Forces Antarctica staff can attest. On her third ODF mission, she has become something of an expert on how to move cargo while moored next to an ice-pier or a movable causeway, in sub zero temperatures and with high winds that whip over a snow-covered mountain and across an island.

    Working in Antarctica wasn’t something Morrow had even considered when she came to work at MSC’s Pacific area command, MSCPAC. In fact, a job in San Diego seemed like the perfect place to be, for someone who doesn’t like the cold.

    “I thought, San Diego, Southern California, that is exactly what I’m looking for,” said Morrow. “Then I got assigned to go to Antarctica. It wasn’t something I was looking for, or had even thought about to be honest, but, I really enjoy this mission. It is an experience that I share with only a very few people.”

    Few world travelers ever get the coveted passport stamp for all seven continents. Access to Antarctica is strictly controlled. As Morrow explained, the journey to the southern most part of the planet isn’t an easy, or short commute. Morrow’s journey began in San Diego, with a flight to San Francisco, followed by an 14-hour flight to New Zealand, and then an 8-hour flight on a military C-130, sitting in a mesh cargo seat.

    On the ice, Morrow serves as part of a team consisting of representatives of numerous government agencies including the National Science Foundation, Coast Guard, Navy, Army, Coast Guard. All working together to ensure a successful mission.

    “Nothing can happen without all of us working together,” said Morrow. “It is super cooperative and interoperative.”

    Everyone who is part of the ODF mission live in barracks at McMurdo Station, or on the ships. Life is communal with shared rooms and a dining hall. Those supporting the mission get to know each other personally and, like a combat unit, create their own support structure for each other.

    “Being at McMurdo Station is like being at summer camp for adults,” laughed Morrow. “It’s a very tight-knit group of people, working and living in a challenging environment. We get very close.”

    Weather is a constant factor in Antarctica. The continent is known for its extreme environment, particularly subzero temperatures and high winds. February is summertime in the Southern Hemisphere. In this small window of just a few weeks, ODF takes place. And while it is summer, temperatures on the ice still hover around freezing during the day and below zero at night. Cargo operations can move forward, despite the temperatures, but high winds can put a pause on work for hours, with the ships’ cranes unable to move cargo in winds over 25 knots.

    “The weather is everything,” explained Morrow. “The Southern Ocean is the most unforgiving and treacherous water way on Earth. The weather can keep flights and ships from coming into port. The weather can put the offload on pause. This can mean that some of the cargo may not be offloaded. It is the National Science Foundation who has to make the decisions on how to stay inside the mission window.”

    With all the challenges and unpredictabilities of the ODF missions, those who support these operations come away with a feeling of being a part of something special and important, something outside the normal course of their job description.

    “I never thought I would get to go on a mission to Antarctica,” said Morrow. “But I love going to McMurdo Station, and I’m proud to be a part of it and to represent MSC.”

    Following operations in Antarctica, Ocean Gladiator will travel to Japan to deliver the floating modular causeway, before sailing for Port Hueneme, Calif., where they will offload cargo, completing their mission.

    Operation Deep Freeze is a joint service, on-going Defense Support to Civilian Authorities mission in support of the National Science Foundation (NSF). NSF is the lead agency for the United States Antarctic Program. Mission support consists of active duty, Guard and Reserve personnel from the U.S. Air Force, Navy, Army, and Coast Guard as well as Department of Defense civilians and attached non-DOD civilians. ODF operates from two primary locations situated at Christchurch, New Zealand and McMurdo Station, Antarctica. MSC-chartered ships have made the challenging voyage to Antarctica every year since the station and its resupply mission were established in 1955.

    MIL Security OSI

  • MIL-OSI Europe: REPORT on the European Semester for economic policy coordination: employment and social priorities for 2025 – A10-0023/2025

    Source: European Parliament

    MOTION FOR A EUROPEAN PARLIAMENT RESOLUTION

    on the European Semester for economic policy coordination: employment and social priorities for 2025

    (2024/2084(INI))

    The European Parliament,

     having regard to Article 3 of the Treaty on European Union (TEU),

      having regard to Articles 9, 121, 148 and 149 of the Treaty on the Functioning of the European Union (TFEU),

     having regard to the European Pillar of Social Rights (EPSR) proclaimed and signed by the Council, Parliament and the Commission on 17 November 2017,

     having regard to the Commission communication of 4 March 2021 entitled ‘The European Pillar of Social Rights Action Plan’ (COM(2021)0102) and its proposed 2030 headline targets on employment, skills and poverty reduction,

     having regard to the Commission communication of 17 December 2024 entitled ‘2025 European Semester – Autumn package’ (COM(2024)0700),

     having regard to the Commission communication of 26 November 2024 entitled ‘2025 European Semester: bringing the new economic governance framework to life’ (COM(2024)0705),

      having regard to the Commission proposal of 17 December 2024 for a joint employment report from the Commission and the Council (COM(2024)0701),

     having regard to the Commission recommendation of 17 December 2024 for a Council recommendation on the economic policy of the euro area (COM(2024)0704),

      having regard to the Commission report of 17 December 2024 entitled ‘Alert Mechanism Report 2025’ (COM(2024)0702),

      having regard to the Commission staff working document of 26 November 2024 entitled ‘Fiscal statistical tables providing relevant background data for the assessment of the 2025 draft budgetary plans’ (SWD(2024)0950),

     having regard to the Commission staff working document of 17 December 2024 on the changes in the scoreboard the Macroeconomic Imbalance Procedure Scoreboard in the context of the regular review process (SWD(2024)0702),

     having regard to its resolution of 22 October 2024 on the Council position on Draft amending budget No 4/2024 of the European Union for the financial year 2024 – update of revenue (own resources) and adjustments to some decentralised agencies[1],

     having regard to Mario Draghi’s report of 9 September 2024 entitled ‘The future of European competitiveness’,

     having regard to Enrico Letta’s report of April 2024 on the future of the single market[2],

     having regard to the La Hulpe Declaration on the Future of the European Pillar of Social Rights signed by Parliament, the Commission, the European Economic and Social Committee and the Council on 16 April 2024,

     having regard to the Regulation (EU) 2023/955 of the European Parliament and of the Council of 10 May 2023 establishing a Social Climate Fund and amending Regulation (EU) 2021/1060[3],

     having regard to the Regulation (EU) 2024/1263 of the European Parliament and of the Council of 29 April 2024 on the effective coordination of economic policies and on multilateral budgetary surveillance and repealing Council Regulation (EC) No 1466/97[4], and in particular to Articles 3, 4, 13 and 27 thereof,

     having regard to the Commission communication of 17 January 2023 entitled ‘Harnessing talent in Europe’s regions’ (COM(2023)0032),

     having regard to the Commission communication of 20 March 2023 entitled ‘Labour and skills shortages in the EU: an action plan’ (COM(2024)0131),

     having regard to the 2020 European Skills Agenda,

     having regard to the Commission communication of 7 September 2022 on the European care strategy (COM(2022)0440),

     having regard to the Council Recommendation on access to affordable, high-quality long-term care[5],

     having regard to the EU Social Scoreboard and its headline and secondary indicators,

     having regard to the Commission communication of 3 March 2021 entitled ‘Union of Equality: Strategy for the Rights of Persons with Disabilities 2021-2030’ (COM(2021)0101),

     having regard to the Commission report of 19 September 2024 entitled ‘Employment and Social Developments in Europe (ESDE): upward social convergence in the EU and the role of social investment’,

     having regard to the Council Decision on Employment Guidelines, adopted by the Employment, Social Policy, Health and Consumer Affairs Council on 2 December 2024, which establishes employment and social priorities aligned with the principles of the EPSR,

     having regard to the Tripartite Declaration for a thriving European Social Dialogue and to the forthcoming pact on social dialogue,

     having regard to Directive (EU) 2022/2041 of the European Parliament and of the Council of 19 October 2022 on adequate minimum wages in the European Union[6] (Minimum Wage Directive),

     having regard to the European Social Charter, referred to in the preamble of the EPSR,

     having regard to the EU Roma strategic framework for equality, inclusion and participation for 2020-2030,

     having regard to the United Nations Sustainable Development Goals (SDGs),

     having regard to the Gender Equality Strategy 2020-2025,

     having regard to the EU Anti-Racism Action Plan 2020-2025,

     having regard to the LGBTIQ Equality Strategy 2020-2025,

     having regard to Rule 55 of its Rules of Procedure,

     having regard to the report of the Committee on Employment and Social Affairs (A10-0023/2025),

    A. whereas progress has been made towards achieving the EU’s employment targets, namely that at least 78 % of people aged 20 to 64 should be in employment by 2030, despite the uncertainty created by Russia’s war of aggression against Ukraine and the impact of high inflation; whereas, according to the Commission’s 2025 autumn economic forecast, EU employment has reached a rate of 75.3 %; whereas growth in employment in the EU remained robust in 2023; whereas in two thirds of the Member States, employment growth in 2023 was on track to reach the national 2030 target; whereas significant challenges nevertheless persist, such as high unemployment rates in some Member States, particularly among young people and persons with disabilities, as do significant inequalities between sectors and regions, which can negatively affect social cohesion and the well-being of European citizens in the long term;

    B. whereas the European Semester combines various different instruments in an integrated framework for multilateral coordination and surveillance of economic, employment and social policies within the EU and it must become a key tool for fostering upward social convergence; whereas the Social Convergence Framework is a key tool for assessing social challenges and upward convergence within the European Semester and for monitoring social disparities across Member States, while addressing the challenges identified in the Joint Employment Report (JER);

    C. whereas the Union has adopted the 2030 target of reducing the number of people at risk of poverty and social exclusion by at least 15 million compared to 2019, including at least 5 million children; whereas in nearly half of the Member States the trend is heading in the opposite direction; whereas one child in four in the European Union is still at risk of poverty and social exclusion; and whereas the current trend will not make it possible to meet the 2030 target; whereas public spending on children and youth should not be seen only as social expenditure but as an investment in the future; whereas the promotion of strong, sustainable and inclusive economic growth can succeed only if the next generation can develop their full educational potential in order to be prepared for the changing labour market, whereas to meet the 2030 Barcelona targets for early childhood education and care, the EU should invest an additional EUR 11 billion per year[7];

    D. whereas despite a minimal reduction in the number of people at risk of poverty or social exclusion in the EU in 2023, approximately one in five still faces this challenge, with notable disparities for children, young and older people, persons with disabilities, LGTBI, non-EU born individuals, and Roma communities;

    E. whereas significant disparities are observed among children from ethnic or migrant backgrounds and children with disabilities; whereas 83 % of Roma children live in households at risk of poverty; whereas the EU and national resources currently deployed are in no way sufficient for addressing the challenge of child poverty in the EU and, therefore, a dedicated funding instrument for the European Child Guarantee as well as synergies with other European and national funds are of the utmost importance in both the current multiannual financial framework (MFF) and the next one;

    F. whereas the EPSR must be the compass guiding EU social and economic policies, whereas the Commission should monitor progress on the implementation of the EPSR using the Social Scoreboard and the Social Convergence Framework;

    G. whereas poor quality jobs among the self-employed are disproportionately widespread while the rate of self-employment is declining, including among young people;

    H. whereas there are still 1.4 million people residing in institutions in the EU; whereas residents of institutions are isolated from the broader community and do not have sufficient control over their lives and the decisions that affect them; whereas despite the fact that the European Union has long been committed to the process of deinstitutionalisation, efforts are still needed at both European and national level to enable vulnerable groups to live independently in a community environment;

    I. whereas demographic challenges, including an ageing population, low birth rates and rural depopulation, with young people in particular moving to urban areas, profoundly affect the economic vitality and attractiveness of EU regions, the labour markets, and consequently, the sustainability of welfare systems, and further aggravate the regional disparities in the EU, and hence represent a structural challenge for the EU economy; and whereas, as underlined in the Draghi report, sustainable growth and competitiveness in Europe depend to a large extent on adapting education and training systems to evolving skills needs, prioritising adult learning and vocational education and training, and the inclusion of the active population in the labour market and on a robust welfare system;

    J. whereas, as highlighted in the Draghi report, migrant workers have been an important factor in reducing labour shortages and are more likely to work in occupations with persistent shortages than workers born in the EU;

    K. whereas 70 % of workers in Europe are in good-quality jobs, 30 % are in high-strain jobs where demands are more numerous than resources available to balance them leading to overall poor job quality; whereas in many occupations suffering from persistent labour shortages the share of low-quality jobs is higher than 30 %;

    L. whereas the Letta report states that there is a decline in the birth rate, noting the importance of creating a framework to support all families as part of a strategy of inclusive growth in line with the EPSR; whereas the report notes that the free movement of people remains the least developed of the four freedoms and argues for reducing barriers to intra-EU occupational mobility while addressing the social, economic and political challenges facing the sending Member States and their most disadvantaged regions, as well as safeguarding the right to stay; whereas there is a need to promote family-friendly and work-life balance policies, ensuring accessible and professional care systems as well as public quality education, family-related leave and flexible working arrangements in line with the European Care Strategy;

    M. whereas inflation has increased the economic burden on households, having a particularly negative impact on groups in vulnerable situations, such as single parents, large families, older people or persons with disabilities, whereas housing costs and energy poverty remain major problems; whereas housing is becoming unaffordable for those who live in households where housing costs account for 40 % of total disposable income; whereas investment in social services, housing supply – including social housing – and policies that facilitate the accessibility and affordability of housing play a key role in reducing poverty among vulnerable households;

    N. whereas the EU’s micro, small and medium-sized enterprises face particular challenges such as staying competitive against third-country players, maintaining production levels despite rising energy costs and finding the necessary skills for the green and digital transitions; whereas they need financial and technical support to comply with regulatory requirements and take advantage of the opportunities offered by the twin transitions;

    O. whereas labour and skills shortages remain a problem at all levels, and are reported by companies of all sizes and sectors; whereas these shortages are exacerbated by a lack of candidates to fill critical positions in key sectors such as education, healthcare, transport, science, technology, engineering and construction, especially in areas affected by depopulation; whereas these shortages can result from a number of factors, such as difficult working conditions, unattractive salaries, demand for new skill sets and a shortage of relevant training, the lack of public services, barriers of access to medium and higher education and lack of recognition of skills and education;

    P. whereas the Union has adopted the target that at least 60 % of adults should participate in training every year by 2030; whereas the Member States have committed themselves to national targets in order to achieve this headline goal and whereas the majority of Member States lost ground in the pursuit of these national targets; whereas further efforts are needed to ensure the provision of, and access to, quality training policies that promote lifelong learning; whereas upskilling, reskilling and training programmes must be available for all workers, including those with disabilities, and should also be adapted to workers’ needs and capabilities;

    Q. whereas in 2022, the average Programme for International Student Assessment (PISA) score across the OECD on the measures of basic skills (reading, mathematics and science) of 15-year-olds dropped by 10 points compared to the last wave in 2018; whereas underachievement is prevalent among disadvantaged learners, demonstrating a widening of educational inequalities; whereas this worrying deterioration calls for reforms and investments in education and training;

    R. whereas the EU’s capacity to deal with future shocks, crises and ‘polycrises’ while navigating the demographic, digital and green transitions, will depend greatly on the conditions under which critical workers will be able to perform their work; whereas addressing the shortages and retaining all types of talent requires decent working conditions, access to social protection systems, and opportunities for skills development tailored to the needs; and whereas addressing skills shortages is crucial to achieving the digital and green transitions, ensuring inclusive and sustainable growth and boosting the EU’s competitiveness;

    S. whereas it is essential to promote mobility within the EU and consider attracting skilled workers from third countries, while ensuring respect for and enforcement of labour and social rights and channelling third-country nationals entering the EU through legal migration pathways towards occupations experiencing shortages, supported by an effective integration policy, in full complementarity with harnessing talents from within the Union;

    T. whereas gender pay gaps remain considerable in most EU Member States and whereas care responsibilities are an important factor that continue to constrain women into part-time employment or lead to their exclusion from the labour market, resulting in a wider gender employment gap;

    U. whereas the JER highlights the right to disconnect, in particular in the context of telework, acknowledging the critical role of this right in ensuring a work-life balance in a context of increasing digitalisation and remote working;

    V. whereas challenges to several sectors, such as automotive manufacturing and energy intensive industries, became evident in 2024 and a number of companies announced large-scale restructuring;

    W. whereas there are disparities in the coverage of social services, including long-term care, child protection, domestic violence support, and homelessness aid, that need to be addressed through the European Semester;

    X. whereas there is currently no regular EU-wide collection of data on social services investment and coverage; whereas collecting such data is key for an evidence-based analysis of national social policies in the European Semester analysis; whereas this should be addressed through jointly agreed criteria and data collection standards for social services investment and coverage in the Member States; whereas the European Social Network’s Social Services Index is an example of how such data collection can contribute to the European Semester analysis;

    Y. whereas the crisis in generational renewal, demographic changes, and lack of sufficient investment in public services have led to an increased risk of poverty and social exclusion, particularly affecting children and older people, single-parent households and large families, the working poor, persons with disabilities, and people from marginalised backgrounds; whereas an ambitious EU anti-poverty strategy will be essential to reverse this trend and provide responses to the multidimensional phenomenon of poverty;

    Z. whereas Eurofound research shows that suicide rates have been creeping up since 2021, after decreasing for decades; whereas more needs to be done to address causes of mental health problems in working and living conditions (importantly social inclusion), and access to support for people with poor mental health remains a problem;

    AA. whereas there were still over 3 300 fatal accidents and almost 3 million nonfatal accidents in the EU-27 in 2021; whereas over 200 000 workers die each year from work-related illnesses; whereas these data do not include all accidents caused by undeclared work, making it plausible to assume that the true numbers greatly exceed the official statistics; whereas in 2017, according to Eurofound, 20 % of jobs in Europe were of ‘poor quality’ and put workers at increased risk regarding their physical or mental health; whereas 14 % of workers have been exposed to a high level of psychosocial risks; whereas 23 % of European workers believe that their safety or their health is at risk because of their work;

    AB. whereas the results of the April 2024 Eurobarometer survey on social Europe highlight that 88 % of European citizens consider social Europe to be important to them personally; whereas this was confirmed by the EU Post-Electoral Survey 2024, where European citizens cited rising prices and the cost of living (42 %) and the economic situation (41 %) as the main topics that motivated them to vote in the 2024 European elections;

    AC. whereas according to Article 3 TEU, social progress in the EU is one of the aims of a highly competitive social market economy, together with full employment, a high level of protection and improvement of the quality of the environment; whereas Article 3 TEU also states that the EU ‘shall combat social exclusion and discrimination, and shall promote social justice and protection, equality between women and men, solidarity between generations and protection of the rights of the child’;

    AD. whereas the new EU economic governance framework entered into force in April 2024 and aims to promote sustainable and inclusive growth and to give more space for social investment and achievement of the objectives of the EPSR; whereas, for the first time, the revision includes a social convergence framework as an integrated part of the European Semester;

    AE. whereas under the new EU economic governance framework, all Member States have to include reforms and investments in their medium-term plans addressing common EU priorities and challenges identified in country-specific recommendations in the context of the European Semester; whereas the common EU priorities include social and economic resilience, including the EPSR;

    AF. whereas European social partners, during Macroeconomic Dialogue, have denounced the lack of involvement of social partners in the drafting of the medium-term fiscal structural plans and ETUC, SMEUnited and SGIEurope have signed a joint statement for a material and factual involvement of social partners in the economic governance and the European Semester;

    AG. whereas public investment is expected to increase in 2025 in almost all Member States, with a significant contribution from NextGenerationEU’s Recovery and Resilience Facility (RRF) and EU funds and will contribute to social spending, amounting to around 25 % of the total estimated expenditure under the RRF, securing growth and economic resilience[8]; whereas social investments and reforms in key areas can boost employment, social inclusion, competitiveness and economic growth[9]; whereas social partners are essential for designing and implementing policies that promote sustainable and inclusive growth, decent and quality work, and fair transitions and must be involved at all levels of governance in accordance with the TFEU;

    AH. whereas the Member States should implement the Minimum Wage Directive without delay and prepare action plans that increase collective bargaining coverage in line with the directive, where applicable;

    AI. whereas according to the Organization for Economic Co-operation and Development (OECD), on average across OECD countries, occupations at highest risk of automation account for about 28 % of employment[10]; whereas social dialogue and collective bargaining are crucial in this context to ensure a participatory approach to managing change driven by technological developments, addressing potential concerns, while fostering workers’ adaptation (including via skills provision); whereas digitalisation, robotisation, automation and artificial intelligence (AI) must benefit workers and society by improving working conditions and quality of life, ensuring a good work-life balance, creating better employment opportunities, and contributing to socio-economic convergence; whereas workers and their trade unions will play a critical role in anticipating and tackling risks emerging from those challenges;

     

    AJ. whereas social dialogue and collective bargaining are essential for the EU’s competitiveness, labour productivity and social cohesion;

    1. Considers that the Commission and the Council should strengthen their efforts to implement the EPSR, in line with the action plan of March 2021 and the La Hulpe Declaration, to achieve the 2030 headline targets; calls on the Commission to ensure that the JER 2026 analyses the implementation of all the principles of the EPSR in line with Regulation (EU) 2024/1263 and includes an analysis of the social dimension of the national medium-term fiscal structural plans related to social resilience, including the EPSR; welcomes, in this regard, the announcement of a new Action Plan on the implementation of the EPSR[11] for 2025 to give a new impetus to social progress; welcomes the fact that almost all Member States are expected to increase public investment in 2025, which is necessary to ensure access to quality public services and achieve the aims of the EPSR; recalls that the Member States can mobilise the RRF within the scope defined by the Regulation (EU) 2021/241[12] until 31 December 2026 on policies for sustainable and inclusive growth and the young;

    2. Stresses the importance of using the Social Scoreboard and the Social Convergence Framework to identify risks to, and to track progress in, reducing inequalities, strengthening social protection systems and promoting decent working conditions and supportive measures for workers to manage the transitions; stresses that in this regard, it is necessary to ensure a sustainable, fair and inclusive Europe where social rights are fully protected and safeguarded at the same level as economic freedoms; recalls that EU citizens identify social Europe as one of their priorities;

    3. Regrets the lack of data on and analysis of wealth inequality and wealth concentration in the EU as this is one of the main determinants of poverty; points out that according to Distributional Wealth Accounts, a dataset developed by the European System of Central Banks, the share of wealth held by the top 10 % stood at 56 % in the fourth quarter of 2023, while the bottom half held just 5 %;

    4. Welcomes the inclusion of analysis on the positive contribution of the SDGs and the European equality strategies in the JER 2025 and calls on the Commission to ensure that the JER 2026 includes both a section analysing the progress towards the SDGs related to employment and social policy, and another on progress towards eliminating social and labour discrimination in line with the Gender Equality Strategy 2020-2025, the EU Anti-Racism Action Plan 2020-2025, the EU Roma strategic framework for equality, inclusion and participation 2020-2030, the LGBTIQ Equality Strategy 2020-2025, and the Strategy for the rights of persons with disabilities 2021-2030;

    5. Calls on the Member States to implement the updated employment guidelines, with an emphasis on education and training for all, new technologies such as AI, and recent policy initiatives on platform work, affordable and decent housing and tackling labour and skills shortages, with a view to strengthening democratic decision-making;

    6. Reiterates the importance of investing in workforce skills development and occupational training and of ensuring quality employment, with an emphasis on the individual right to training and lifelong learning; urges the Member States to develop upskilling and reskilling measures in collaboration with local stakeholders, including educational and training bodies and the social partners, in order to reinforce the link between the education and training systems and the labour market and to anticipate labour market needs; welcomes the fact that employment outcomes for recent graduates from vocational education and training (VET) continue to improve across the EU; is concerned about young people’s declining educational performance, particularly in basic skills; welcomes, in this regard, the announcement of an Action Plan on Basic Skills and a STEM Education Strategic Plan; calls on the Member States to invest in programmes to equip learners with the basic, digital and transversal skills needed for the world of work and its digitisation as well as to help them to contribute meaningfully to society; recalls the important role that the European Globalisation Adjustment Fund for displaced workers can play in supporting and reskilling workers who were made redundant as a result of major restructuring events;

    7. Welcomes the announcement of a quality jobs roadmap to ensure a just transition for all; calls on the Commission to include in this roadmap considerations for measures linked to the use of AI and algorithmic management in the world of work so that new technologies are harnessed to improve working conditions and productivity while respecting workers’ rights and work-life balance as recognised in the JER[13]; calls on the Commission to propose a directive on the use of AI in the workplace that ensures that workers’ rights are protected and respected;

    8. Stresses that the response to labour shortages in the European Union also involves improving and facilitating labour mobility within the Union; calls on the Member States to strengthen and facilitate the recognition of skills and qualifications in the Union, including those of third-country nationals; calls on the Commission to analyse the effectiveness of the European Employment Services (EURES) platform with a view to a potential revision of its operation;

    9. Notes that the number of early leavers from education and training, people with lower levels of education, young people not in education, employment or training (NEETs) and among them vulnerable groups, including Roma, women, older people, low- and medium-qualified people, persons with disabilities and people with a migrant or minority background, depending on the country-specific context, remains high in several Member States, despite a downward trend in the European Union; calls on the Member States to reinforce the Youth Guarantee as stated in Principle 4 of the EPSR; in order to support young people in need throughout their personal and professional development; reiterates the pivotal role that VET plays in providing the knowledge, skills and competencies necessary for young people entering the labour market; emphasises the need to invest in the quality and attractiveness of VET through the European Social Fund Plus (ESF+); recalls, therefore, the need to address this situation and develop solutions to keep young people in education, training or employment and the importance of ensuring their access to traineeships and apprenticeships, enabling them to gain their first work experience and facilitating their transition from education to employment as well as to create working conditions that enable an ageing workforce to remain in the labour market;

    10. Considers that, although there has been an improvement, persons with disabilities, especially women with disabilities, still face significant obstacles in the labour market, and that there is therefore a need for vocational and digital training, while promoting the inclusion of persons with disabilities, targeting the inactive labour force and groups with low participation in the labour market, including women, young people, older workers and persons with chronic diseases; calls on the Commission to update the EU Disability Strategy with new flagship initiatives and actions from 2025 onwards, such as a European Disability Employment and Skills Guarantee and the sharing of best practices such as the disability card, in particular to address social inclusion and independent living for people with disabilities, also ensuring their access to quality education, training and employment through guidance on retaining disability allowances;

    11. Expresses concern that Roma continue to face significant barriers to employment, with persistent biases limiting their prospects; notes that the EU Roma strategic framework for equality, inclusion, and participation highlights a lack of progress in employment access and a growing share of Roma youth not in employment, education, or training; emphasises the framework’s goal of halving the employment gap between Roma and the general population and ensuring that at least 60 % of Roma are in paid work by 2030; urges the Member States to adopt an integrated, equality-focused approach and to ensure that public policies and services effectively reach all Roma, including those in remote rural areas;

    12. Stresses the need to pay attention to the social and environmental aspects of competitiveness, emphasising the need for investments in education and training for all to ensure universal access to high-quality public education and professional training programmes, as well as sustainable practices to foster inclusive growth; underlines that social partners should play a key role in identifying and addressing skills needs across the EU;

    13. Calls on the Commission and the Member States to include specific recommendations on housing affordability in the European Semester and to promote housing investment; urges the Member States to ensure that housing investments support long-term quality housing solutions that are actually affordable for low-income and middle-income households, highlighting that investments in social and affordable housing are crucial in order to ensure and improve the quality of life for all; stresses the need for a better use of EU funding, such as through European Investment Bank financial instruments, in particular to support investments to increase the energy efficiency of buildings; calls on the Commission and the Member States to take decisive action to provide an EU regulatory framework for the housing sector, together with an assessment of Union policies, funds and bottlenecks that should facilitate the construction, conversion and renovation of accessible, affordable and energy-efficient housing, including social housing, that meets the needs of young people, people with reduced mobility, low- and middle-income groups, families at risk and people in more vulnerable situations, while protecting homeowners and those seeking access to home ownership from a further reduction in supply;

    14. Welcomes the announced European Affordable Housing Plan to support Member States in addressing the housing crisis and soaring rents; calls on the Commission to assess and publish which potential barriers on State aid rules affect housing accessibility; recalls that the Social Climate Fund aims to provide financial aid to Member States from 2026 to support vulnerable households, in particular with measures and investments intended to increase the energy efficiency of buildings, decarbonisation of heating and cooling of buildings and the integration in buildings of renewable energy generation and storage;

    15. Considers that homelessness is a dramatic social problem in the EU; calls for a single definition of homelessness in the EU, which would enable the systematic comparison and assessment of the extent of homelessness across different EU Member States; calls on the Commission to develop a strategy and work towards ending homelessness in the EU by 2030 by promoting access to affordable and decent housing as well as access to quality social services; urges the Member States to better use the available EU instruments, including the ESF+, in this matter[14];

    16. Calls on the Member States to design national homelessness strategies centred around housing-based solutions; welcomes the intention to deliver a Council recommendation on homelessness[15]; urges the Commission to further increase the ambition of the European Platform on Combating Homelessness, in particular by providing it with a dedicated budget;

    17. Considers that EU action is urgently needed to address the persistently high levels of poverty and social exclusion in the EU, particularly among children, young and older people, persons with disabilities, non-EU born individuals, LGTBI and Roma communities; highlights that access to quality social services should be prioritised, with binding targets to reduce homelessness and ensure energy security for vulnerable households; calls on the Commission to adopt the first-ever EU Anti-Poverty Strategy;

    18. Recalls the Union objective of transitioning from institutional to community or family-based care; calls on the Commission to put forward an action plan on deinstitutionalisation; stresses that this action plan should cover all groups still living in institutions, including children, persons with disabilities, people with mental health issues, people affected by homelessness and older people; calls on the Member States to make full use of the ESF+ funds as well as other relevant European and national funds in order to finalise the deinstitutionalisation process so as to ensure that every EU citizen can live in a family or community environment;

    19. Calls on the Commission to deliver a European action plan for mental health, in line with its recent recommendations[16], and to complement it with a directive on psychosocial risks in the workplace; calls on the Member States to strengthen access to mental health services and emotional support programmes for all, particularly children, young people and older people; requests a better use of the Social Scoreboard indicators to address the impact of precarious living conditions and uncertainty on mental health;

    20. Calls on the Commission to address loneliness by promoting a holistic EU strategy on loneliness and access to professional care; calls also for this EU strategy to address the socio-economic impact of loneliness on productivity and well-being by tackling issues such as rural isolation; urges the Member States to continue implementing the Council recommendation on access to affordable, quality long-term care with a view to ensuring access to quality care while ensuring decent working conditions for workers in the care sector, as well as for informal carers;

    21. Recognises that 44 million Europeans are frequent informal long-term caregivers, the majority of whom are women[17];

    22. Recognises the unique role of carers in society, and while the definition of care workers is not harmonised across the EU, the long-term care sector employs 6.4 million people across the EU;

    23. Is concerned that, in 2023, 94.6 million people in the EU were still at risk of poverty or social exclusion; stresses that without a paradigm shift in the approach to combating poverty, the European Union and its Member States will not achieve their poverty reduction objectives; believes that the announcement of the first-ever EU Anti-Poverty Strategy is a step in the right direction towards reversing the trend, but must provide a comprehensive approach to tackling the multidimensional aspects of poverty and social exclusion with concrete actions, strong implementation and monitoring; calls for this Strategy to encompass everybody experiencing poverty and social exclusion, first and foremost the most disadvantaged, but also specific measures for different groups such as persons experiencing in-work poverty, homeless people, people with disabilities, single-parent families and, above all, children in order to sustainably break the cycle of poverty; stresses that the transposition of the Minimum Wage Directive will be key to preventing and fighting poverty risks among workers, while reinforcing incentives to work, and welcomes the fact that several Member States have amended or plan to amend their minimum wage frameworks; is concerned about the rise of non-standard forms of employment where workers are more likely to face in-work poverty and find themselves without adequate legal protections; stresses that an EU framework directive on adequate minimum income and active inclusion, in compliance with the subsidiarity principle, would contribute to the goals of reducing poverty and fostering the integration of people absent from the labour market;

    24. Reiterates its call on the Commission to carefully monitor implementation of the Child Guarantee in all Member States as part of the European Semester and country-specific recommendations; reiterates its call for an increase in the funding of the European Child Guarantee with a dedicated budget of at least EUR 20 billion and for all Member States to allocate at least 5 % of their allocated ESF+ funds to fighting child poverty and promoting children’s well-being; considers that the country-specific recommendations should reflect Member States’ budgetary compliance with the minimum required allocation for tackling child poverty set out in the ESF+ Regulation[18]; calls on the Commission to provide an ambitious budget for the Child Guarantee in the next MFF in order to respond to the growing challenge of child poverty and social exclusion;

    25. Is concerned about national policies that create gaps in health coverage, increasing inequalities both within and between Member States, such as privatisation of public healthcare systems, co-payments and lack of coverage; highlights that these deepen poverty, erode health and well-being, and increase social inequalities within and across EU countries; warns that this also undermines the implementation of principle 16 of the EPSR and of SDG 3.8 on universal health coverage, as well as the EPSR’s overall objective of promoting upward social convergence in the EU, leaving no one behind; believes that the indicators used in the Social Scoreboard do not provide a comprehensive understanding of healthcare affordability;

    26. Underlines that employers need to foster intergenerational links within companies and intergenerational learning between younger and older workers, and vice versa; underlines that an ageing workforce can help a business develop new products and services to adapt to the needs of an ageing society in a more creative and productive way; calls, furthermore, for the creation of incentives to encourage volunteering and mentoring to induce the transfer of knowledge between generations;

    27. Warns that, according to European Central Bank reports, real wages are still below their pre-pandemic level, while productivity was roughly the same; agrees that this creates some room for a non-inflationary recovery in real wages and warns that if real wages do not recover, this would increase the risk of protracted economic weakness, which could cause scarring effects and would further dent productivity in the euro area relative to other parts of the world; believes that better enforcement of minimum wages and strengthening collective bargaining coverage can have a beneficial effect on levels of wage inequality, especially by helping more vulnerable workers at the bottom of the wage distribution who are increasingly left out;

    28. Calls for the Member States to ensure decent working conditions, comprising among other things decent wages, access to social protection, lifelong learning opportunities, occupational health and safety, a good work-life balance and the right to disconnect, reasonable working time, workers’ representation, democracy at work and collective agreements; urges the Member States to foster democracy at work, social dialogue and collective bargaining and to protect workers’ rights, particularly in the context of the green and digital transitions, and to ensure equal pay for equal work by men and women, enhance pay transparency and address gender-based inequality to close the gender pay gap in the EU;

    29. Recalls the importance of improving access to social protection for the self-employed and calls on the Commission to monitor the Member States’ national plans for the implementation of the Council Recommendation of 8 November 2019 on access to social protection for workers and the self-employed[19] as part of the country-specific recommendations; recalls, in this regard, as the rate of self-employed professionals in the cultural and creative sectors is more than double that in the general population, the 13 initiatives laid down in the Commission’s 21 February 2024 response to the European Parliament resolution of 21 November 2023 on an EU framework for the social and professional situation of artists and workers in the cultural and creative sectors[20] and calls on the Commission to start implementing them in cooperation with the Member States;

    30. Stresses that the role of social dialogue and social partners should be systematically integrated into the design and implementation of employment and social policies, ensuring the involvement of social partners at all levels;

    31. Calls for the implementation of policies that promote work-life balance and the right to disconnect, with the aim of improving the quality of life for all families and workers, for ensuring the implementation of the Work-Life Balance Directive[21] and of the European Care Strategy; calls on the Commission to put forward a legislative proposal to address teleworking and the right to disconnect; as well as a proposal for the creation of a European card for all types of large families and a European action plan for single parents, offering educational and social advantages; calls, ultimately, for initiatives to combat workforce exclusion as a consequence of longer periods of sick leave, to adapt the workplace and to promote flexible working conditions and to develop strategies to support workers’ return after longer periods of absence;

    32. Calls for demographic challenges to be prioritised in the EU’s cohesion policy and for concrete action at EU and national levels; calls on the Commission to prioritise the development of the Commission communication on harnessing talent in Europe’s regions and the ‘Talent Booster Mechanism’ in order to promote social cohesion and to step up funding for rural and outermost areas and regions with a high rate of depopulation, supporting quality job creation, public services, local development projects and basic infrastructure that favour the population’s ‘right to stay’, especially in the case of young people; highlights the importance of introducing specific measures to address regional inequalities in education and training, ensuring equal access to high-quality and affordable education for all;

    33. Is concerned that, despite improvements, several population groups are still significantly under-represented in the EU labour market, including women, older people, low- and medium-qualified people, persons with disabilities and people with a migrant or minority background; warns that  educational inequalities have deepened, further exacerbating the vulnerabilities of students from disadvantaged and migrant backgrounds; points out that, according to the JER, people with migrant or minority backgrounds can significantly benefit from targeted measures in order to address skills mismatches, improve language proficiency, combat discrimination and receive tailored and integrated support services; stresses the importance of strengthening efforts in the implementation of the 2021-27 Action Plan on Integration and Inclusion, which provides a common policy framework to support the Member States in developing national migrant integration policies;

    34. Calls on the Commission and the Council to prioritise reducing administrative burdens with the aim of simplification while respecting labour and social standards; believes that better support for SMEs and actual and potential entrepreneurs will improve the EU’s competitiveness and long-term sustainability, boost innovation and create quality jobs; notes that SMEs and self-employed professionals in all sectors are essential for the EU’s economic growth and thus the financing of social policies; urges the implementation of specific recommendations to improve the single market; takes note of the Commission’s publication of the ‘Competitiveness Compass’ on 29 January 2025[22];

    35. Calls on the Commission to conduct competitiveness checks on every new legislative proposal, taking into account the overall impact of EU legislation on companies, as well as on other EU policies and programmes;

    36. Considers that the social economy is an essential component of the EU’s social market economy and a driver for the implementation of the EPSR and its targets, often providing employment to vulnerable and excluded groups; calls on the Commission and the Member States to strengthen their support for all social economy enterprises but especially non-profit ones, as highlighted in the Social Economy Action Plan 2021 and the Liège Roadmap for the Social Economy, in order to promote quality, decent, inclusive work and the circular economy, to encourage the Member States to facilitate access to funding and to enhance the visibility of social economy actors; calls for the Commission to explore innovative funding mechanisms to support the development of the social economy in Europe[23] and to foster a dynamic and inclusive business environment;

    37. Believes that, in this year of transition, with the implementation of the revised economic governance rules, the Member States should align fiscal responsibility with sustainable and inclusive growth and employment, notes that the involvement of social partners, including in the development of medium-term fiscal structural plans, should be enhanced to contribute to the goals of the new economic governance framework;

    38. Welcomes the fact that the national medium-term fiscal structural plans, under the new economic governance framework, have to include the reforms and investments responding to the main challenges identified in the context of the European Semester and also to ensure debt sustainability while investing strategically in the principles of the EPSR with the aim of fostering upward social convergence;

    39. Is concerned that compliance with the country-specific recommendations (CSRs) remains low; reiterates its call, therefore, for an effective implementation of CSRs by the Member States so as to promote healthcare and sustainable pension systems, in line with principles 15 and 16 of the EPSR, and long-term prosperity for all citizens, taking into account the vulnerability of those workers whose careers are segmented, intermittent and subject to labour transitions; insists that the Commission should reinforce its dialogues with the Member States on the implementation of existing recommendations and of the Employment Guidelines as well as on current or future policy action to address identified challenges;

    40. Welcomes the establishment of a framework to identify risks to social convergence within the European Semester, for which Parliament called strongly; recalls that under this framework, the Commission assesses risks to upward social convergence in Member States and monitors progress on the implementation of the EPSR on the basis of the Social Scoreboard and of the principles of the Social Convergence Framework; welcomes the fact that the 2025 JER delivers country-specific analysis based on the principles of the Social Convergence Framework; calls on the Commission to further develop innovative quantitative and qualitative analysis tools under this new Framework in order to make optimal use of it in the future cycles of the European Semester;

    41. Welcomes the fact that the first analysis based on the principles of the Social Convergence Framework points to upward convergence in the labour market in 2023[24]; notes with concern that employment outcomes of under-represented groups still need to improve and that risks to upward convergence persist at European level in relation to skills development, ranging from early education to lifelong learning, and the social outcomes of at-risk-of-poverty and social exclusion rates; calls on the Commission to further analyse these risks to upward social convergence in the second stage of the analysis and to discuss with the Member States concerned the measures undertaken or envisaged to address these risks;

    42. Recognises the cost of living crisis, which has increased the burden on households, and the rising cost of housing, which, in conjunction with high energy costs, is contributing to high levels of energy poverty across the EU; calls, therefore, on the Commission and Member States to comprehensively address the root causes of this crisis by prioritising policies that promote economic resilience, social cohesion, and sustainable development;

    43. Warns of the social risks stemming from the crisis in the automotive sector, which is facing unprecedented pressure from both external and internal factors; calls on the Commission to pay attention to this sector and enhance social dialogue and the participation of workers in transition processes; stresses the urgent need for a coordinated EU response via an emergency task force of trade unions and employers to respond to the current crisis;

    44. Calls on the Commission to monitor data on restructuring and its impact on employment, such as by using the European Restructuring Monitor, to facilitate measures in support of restructuring and labour market transitions, and to consider highlighting national measures supporting a socially responsible way of restructuring in the European Semester;

    45. Calls on the Commission to monitor the development of minimum wages in the Member States following the transposition of the Minimum Wage Directive to determine whether the goal of ‘adequacy’ of minimum wages is being achieved;

    46. Is concerned about the Commission’s revision of the Macroeconomic Imbalance Procedure (MIP) Scoreboard, particularly the reduction in employment and social indicators, which are crucial for assessing the social and labour market situation in the Member States; regrets the fact that youth unemployment is no longer considered as a headline indicator, despite its relevance in identifying and addressing specific labour market challenges and in adopting adequate public policies; stresses that social standards indicators should be given greater consideration in the decision-making process; regrets the fact that the Commission did not duly consult Parliament and reminds the Commission of its obligation to closely cooperate with Parliament, the Council and social partners before drawing up the MIP scoreboard and the set of macroeconomic and macro-financial indicators for Member States; stresses that the implementation of the principles of the EPSR must be part of the MIP scoreboard;

    47. Considers that territorial and social cohesion are essential components of the competitiveness agenda, and legislation such as the European Instrument for Temporary Support to Mitigate Unemployment Risks in an Emergency (SURE) remain a positive example to inspire future EU initiatives;

    48. Considers that the Commission and the Member States should ensure that fiscal policies under the European Semester support investments aligned with the EPSR, particularly in areas such as decent and affordable housing, quality healthcare, education, and social protection systems, as these are critical for social cohesion and long-term economic sustainability and to address the challenges identified through social indicators;

    49. Stresses the need to address key challenges identified in the Social Scoreboard as ‘critical’ and ‘to watch’, including children at risk of poverty or social exclusion, the gender employment gap, housing cost overburden, childcare, and long-term care the disability employment gap, the impact of social transfers on reducing poverty, and basic digital skills[25];

    50. Stresses the negative impacts that the cost of living crisis has had on persons with disabilities;

    51. Urges the Member States to consider robust policies that ensure fair wages and improve working conditions, particularly for low-income and precarious workers;

    52. Calls on the Member States to strengthen social safety nets to provide adequate support to those whose income from employment is insufficient to meet basic living costs;

    53. Stresses the need for timely and harmonised data on social policies to improve evidence-based policymaking and targeted social investments; calls for improvements to be made to the Social Scoreboard in order to cover the 20 EPSR principles with the introduction of relevant indicators reflecting trends and causes of inequality, such as quality employment, wealth distribution, access to public services, adequate pensions, the homelessness rate, mental health and unemployment; recalls that the at-risk-of-poverty-or-social-exclusion (AROPE) indicator fails to reveal the causes of complex inequality; calls on the Commission and the Member States to develop a European data collection framework on social services to monitor the investment in and coverage of social services;

    54. Instructs its President to forward this resolution to the Council and the Commission.

    MIL OSI Europe News

  • MIL-OSI Europe: Portugal: EIB finances Galp’s Renewable Hydrogen and Biofuels projects in Sines with €430 million

    Source: European Investment Bank

    EIB

    • The two projects, already in construction at the Sines Refinery, represent a total investment of €650 million.
    • The Biofuels unit, financed with €250 million, will produce low-carbon fuels essential for the decarbonization of transport.
    • The Green Hydrogen production unit, financed with €180 million, will be one of the largest in Europe.

    The European Investment Bank (EIB) has granted a €430 million loan for the construction of two key projects aimed at transforming Galp’s Sines Refinery, making a crucial contribution for the decarbonization of heavy-duty road transport and aviation.

    Galp is developing the Biofuels unit, already at a construction stage, in partnership with Japan’s Mitsui, as part of a total €400 million investment, of which €250 million is provided by the EIB. This unit will convert vegetable oils and residual fats into sustainable aviation fuel (SAF) and renewable diesel of biological origin (HVO) with identical characteristics to the fossil-based fuels used in regular combustion engines.

    This unit, set to begin production in 2026, will have the capacity to produce up to 270,000 tons of renewable fuels, enough for Portugal to comply with the European Union mandate for this type of fuels in aviation. SAF is essential for air transportation – responsible for about 3% of global greenhouse gas emissions – to begin its decarbonization journey.

    In parallel, Galp is building in the same site a 100MW electrolyser, a €250 million investment of which the EIB will finance €180 million. It is set to produce up to 15,000 tons of green hydrogen per year when it goes online next year, becoming one of the first operational units of its size in Europe.

    “These pioneering projects are a clear example of how we can combine financing, innovation, and our environmental commitment to promote a fair and sustainable energy transition,” said Jean-Christophe Laloux, Director General, Head of EU Lending and Advisory at the EIB. “By supporting the production of advanced biofuels and green hydrogen, we are contributing to a more energy-independent Europe that aligns with global climate goals.”

    “We have mobilized partners, private investment, and European financing to drive a transformative project that brings European and national energy and industrial policies to life,” said Ronald Doesburg, Galp’s Executive Board Member responsible for the Industrial area. “More is needed from energy companies, public funding and government support if we want to maintain Portugal’s relevance in an increasingly unstable world,” he concluded.

    The two projects support the goal of climate neutrality by 2050, in line with the European Green Deal, and strengthen the EU’s energy independence as outlined in the REPowerEU plan. The projects benefit from €22,5 in Recovery and Resilience Plan incentives.

    Background information   

    About the EIB  

    The European Investment Bank (ElB) is the long-term lending institution of the European Union, owned by its Member States. Built around eight core priorities, we finance investments that contribute to EU policy objectives by bolstering climate action and the environment, digitalisation and technological innovation, security and defence, cohesion, agriculture and bioeconomy, social infrastructure, the capital markets union, and a stronger Europe in a more peaceful and prosperous world. 

    The EIB Group, which also includes the European Investment Fund (EIF), signed nearly €89 billion in new financing for over 900 high-impact projects in 2024, boosting Europe’s competitiveness and security.   

    All projects financed by the EIB Group are in line with the Paris Climate Agreement, as pledged in our Climate Bank Roadmap. Almost 60% of the EIB Group’s annual financing supports projects directly contributing to climate change mitigation, adaptation, and a healthier environment.   

    Fostering market integration and mobilising investment, the Group supported a record of over €100 billion in new investment for Europe’s energy security in 2024 and mobilised €110 billion in growth capital for startups, scale-ups and European pioneers. Approximately half of the EIB’s financing within the European Union is directed towards cohesion regions, where per capita income is lower than the EU average. 

    High-quality, up-to-date photos of our headquarters for media use are available here.

    About Galp

    Galp is an energy company committed to developing efficient and sustainable solutions in its operations and the integrated offerings it provides to its customers. We create simple, flexible, and competitive solutions for energy or mobility needs, catering to large industries, small and medium-sized enterprises, as well as individual consumers.

    Our portfolio includes various forms of energy – from electricity generated from renewable sources to natural gas and liquid fuels, including low-carbon options. As a producer, we engage in the extraction of oil and natural gas from reservoirs located kilometers below the ocean surface, and we are also one of the leading solar-based electricity producers in the Iberian region.

    We contribute to the economic development of the 10 countries where we operate and to the social progress of the communities that welcome us. Galp employs more than 7,000 people from 52 nationalities.

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