Stellantis purchases 8.3 mn shares of Archer Aviation stock: Stellantis NV has upped its investments in eVTOL Archer Aviation by acquiring 8.3 mn sharesand hopes to put eVTOL aircraft on the market in 2025, according to a press release. Stellantis specifically wants to produce Archer’s Midnight aircraft, a quiet and sustainable aircraft that can carry four passengers short distances and requires only 10 mins of charging time.

Archer has MENA ties: The aircraft maker counts Mubadala as an early and key investor. Archer recently partnered with UAE aviation service operator Falcon Aviation to develop a vertiport network in key locations across Dubai and Abu Dhabi paving the way for flights to run between the two cities as early as 2025.

REMEMBER- Stellantis has been looking for M&A opportunities: The company was recently looking for potential merger and acquisitions opportunities to shore up supply chains and secure software or battery materials.

Europe’s transport sector set to make up 44% of the continent’s emissions by 2030: As policy efforts decarbonize other European sectors, transport emissions have been on the rise — reaching a 26% increase compared to 1990 levels — threatening to make up 44% of the continent’s total emissions by 2030, according to a report by theEuropean Federation for Transport and Environment, picked up by The Guardian. Transport emissions are being cut three times slower than other sectors, only decreasing 8% within the next six years under current policies.

The call to action: The report calls on policymakers to help curb overall demand for transport, and more specifically for fossil fuel-powered cars and flights. The report also recommended using taxes to incentivize a shift to EVs, encouraging more efficient technology in the shipping industry, less business flights, and less building of roads and airports.

The Johannesburg Stock Exchange (JSE) is set to launch a carbon offsets trading platform within the next two months, Bloomberg reports, citing an interview with JSE CEO Leila Fourie. This initiative is in partnership with Xpansiv, which facilitates the trade of “environmental commodities” including carbon credits and renewable energy certificates. The move comes as South Africa, the continent's largest greenhouse gas emitter, gradually increases its carbon tax, potentially boosting the demand for carbon offsets. The first batch of credits will be associated with agricultural and silvicultural initiatives to sequester atmospheric CO2.

And more: The Johannesburg-based exchange is also in discussions with two other undisclosed African exchanges to expand the venture and create a pan-African infrastructure for carbon trading. This collaboration would allow carbon sellers across the continent to register their credits, making them available to buyers in various African countries.

OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-

  • Glencore to cut emissions 25% by 2030: Swiss mining giant Glencore aims to cut its emissions by 15% by 2026, 25% by 2030, and 50% by 2035. The company's emissions plan faced criticism from its biggest investors, including Blackrock, as Glencore continues to invest in coal projects, with its emissions reaching 370 mn tonnes in 2022. (Reuters)
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