Page 14 - Climate Control News Magazine

World News
Carel founder, Luigi Rossi Luciani (centre).
CAREL debuts on the stock exchange
CAREL HAS LISTED ON THE ITALIAN STOCK EXCHANGE WITH AN INITIAL OFFERING OF 35 MILLION SHARES.
THIS OFFERING REPRESENTS 35 per cent of the company's share capital.
The public float was offered through private placement reserved for qualified investors in Ita- ly and institutional investors abroad.
The shares included in the offering were sold pro-rata by Luigi Rossi Luciani Sapa and Luigi Nalini Sapa.
Carel CEO, Francesco Nalini, said the idea to list on the stock exchange, while still maintain- ing control of the company, is a long term pro- ject the organisation has been working on for many years.
“We believe it will be positive for long-term performance, so as to avoid resting on our laurels or becoming self-referential, while being open to the market,” Nalini said.
In a joint statement, Carel's founders, Luigi Rossi Luciani and Luigi Nalini said: ‘The decision to list on the stock exchange was taken as part of the development strategies that have always de- fined our company, and can therefore be consid- ered a fundamental step in assuring further growth: being present on the financial market will in fact represent a boost and an incentive to improve even more.” ✺
Australia a poor performer in energy ratings
THE AMERICAN COUN- CIL for an Energy-Efficient Economy’s (ACEEE) 2018 In- ternational Energy Efficiency Scorecard ranks Australia 18th among the world’s 25 largest energy users, a fall from its 16th place position in the 2016 ranking.
The report also shows Australia lagging behind developing nations
such as India, Indonesia, and China.
Energy Efficiency Council CEO, Luke Menzel, said Australia’s deteriorating performance is a wake-up call for policymakers, planners, and
business leaders.
“Our global competitors are saving energy
and money with smart energy efficiency policy
and investments, while Australia lags at the back of the pack,” Menzel warned.
Australia ranked near the bottom on indus- trial and transport energy efficiency in the re- port, which assessed countries on both policy and performance. Its strongest score was in building energy efficiency.
“While this result is disappointing, it points to a huge opportunity. We can quickly cut en- ergy bills, while making our homes more com- fortable and our businesses more productive by being much smarter about how we use en- ergy,” he said.
“Taking advantage of this opportunity will require strong government leadership, and smart new energy efficiency policies that help us keep energy affordable while we transition to a twenty-first century energy system.”
Report author Shruti Vaidyanathan, senior advisor for Research at ACEEE, said Australia would definitely benefit from stronger energy efficiency policies that save money, create jobs, cut pollution, and reduce dependence on energy imports.
“Without stronger energy efficiency meas- ures, it will also be impossible for countries, including Australia, to meet the commit- ments necessary to achieve the global cli- mate goal of capping temperature increases to 2 degrees Celsius.”
The report acknowledged Australia’s Na- tional Energy Productivity Plan which aims to improve energy productivity by 40 per cent between 2015 and 2030, but pointed out that implementation of the plan has been slow. ✺
EEC CEO, Luke Menzel
CLIMATECONTROLNEWS.COM.AU
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