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Malta Seeks Offshore Potential for Green Energy Expansion, PM Tells COP28
During the COP28 summit, Prime Minister Robert Abela highlighted Malta’s commitment to diversify its energy sources towards greener alternatives, emphasizing the country’s vast offshore potential. Abela acknowledged Malta’s limited onshore area but underscored the immense possibilities offered by its offshore regions, despite challenges posed by the depth of the sea floor. His government is actively considering the establishment of offshore wind or solar farms, having initiated an expression of interest that garnered attention from six companies, as confirmed by the energy ministry. In the same event, global leaders in Dubai pledged to establish a $30 billion private investment fund targeted at climate change initiatives in vulnerable nations, alongside a fund addressing “loss and damage” concerns. (Times of Malta)
Viking Saturnis Makes History as First Cruise Liner to Run Solely on Shore Electricity
The Norwegian vessel, Viking Saturnis, has achieved a pioneering milestone by becoming the inaugural cruise liner to cease engine operation and solely rely on electricity drawn from the national grid. After rigorous testing of the system in recent weeks, the passenger ship, currently docked at the Pinto pier, is now being supplied with 3.1 Mega Watts per hour. This €50 million shore-to-ship environmental initiative, partially funded by the European Union, aims to significantly reduce emissions from docked ships by providing them with electricity from shore, eliminating the need for running their engines. (Maltatoday)
KM Malta Airlines Granted Operational Certification, Set to Succeed Air Malta
KM Malta Airlines, Malta’s forthcoming national carrier, has officially received both an Air Operator Certificate and an Air Operator Licence from the Maltese Civil Aviation Directorate. Scheduled to replace Air Malta by March 2024, the new national airline unveiled its strategic vision on Friday, focusing on strengthening and broadening connectivity between the Maltese Islands and various destinations across Europe and globally. This transition marks the conclusion of Air Malta’s 50-year tenure, driven by years of mismanagement and the European Commission’s refusal of a proposed €290 million aid package due to non-compliance with EU state aid regulations. (Newsbook)
Morning Briefing
Italy investigates major NFT fraud with possible Malta links
Italian authorities are currently probing an intricate financial fraud linked to non-fungible tokens (NFTs) and digital currencies, involving 80 individuals, including 38 financial agents. This investigation revolves around the disappearance of €23 million. The fraudulent activities were orchestrated by a Financial Technology company based in Treviso, enticing clients with a promise of a 10% return on investments in NFTs and crypto. In collaboration with global counterparts, Italian investigators are engaged in an extensive operation to recover funds, extending their efforts to Malta among a number of other countries for assistance. (Newsbook)
Malta formally appointed OSCE Chair
The Organisation for Security and Cooperation in Europe has unanimously appointed Malta to chair its Ministers’ Council. Minister Ian Borg, expressing his gratitude on Facebook, noted the historical significance as the first Maltese Foreign Minister to hold this esteemed position. He highlighted this as a testament to Malta’s foreign policy, interpreting it as a vote of confidence during a period of global challenges for the international community. (The Malta Independent)
Only six tenants to be allowed in rented properties
Landlords won’t be permitted to register rental properties with over six tenants from different families, announced Housing Minister Roderick Galdes on Friday. Galdes introduced proposed changes to rental laws, aiming to prevent instances of landlord exploitation and bring stability to the rental market. He explained that the amendments were intended to clarify rights and responsibilities for both landlords and tenants, simplifying the overall process. (Times of Malta)
