Author: Helena Zhu

Australian Prime Minister Scott Morrison declined to commit to a national coal phase-out, as reported by Reuters on September 26. At an interview following a summit at Washington, the Prime Minister said that emissions reduction plans were still in the works, and that he would...

Cathay Pacific [0293 :HK] pledges to increase the use of Sustainable Aviation Fuel (SAF) to 10% of its total fuel consumption by 2030 through its partnership with California-based low-carbon transportation fuel company Fulcrum BioEnergy [FLCM:US], as the airline announced in a press release on September...

Taiwan Semiconductor Manufacturing Company (TSMC) [TSM:US] has fired seven employees citing violation of the company’s core values, as reported by Taipei Times on September 23. TSMC is the world’s largest contract semiconductor company with many leading electronics companies as clients, such as Apple [AAPL:US], Intel...

President Xi Jinping announced that China will no longer build new coal-fired power projects abroad at the opening meeting of the 76th United Nations General Assembly (UNGA) on September 21, as reported by The Strait Times on September 22. The president also repeated last year’s...

Korean Air [003490:KS] announced a partnership with South Korean petroleum and refinery company SK Energy [096770:KS] to use carbon-neutral jet fuel in its fleet on September 6, according to the airline’s press release on the same day. SK Energy will supply one-month carbon-neutral jet fuel...

Hong Kong Exchanges and Clearing Limited (HKEX) [0388:HK] announced its strategic collaboration with Guangzhou Futures Exchange (GFEX) to develop a cross-border carbon derivatives market in the Guangzhou-Hong Kong-Macao Greater Bay Area (GBA) on August 27, according to HKEX’s website. The two exchanges signed a memorandum...

Part 1 of this article introduced the concept of Emissions Trading Schemes (ETS), the difference between carbon tax and carbon market, and the development of ETS in China. Other ETS around the World According to the World Bank, by May 2021, carbon prices applied to over 20%...

Emissions trading scheme (ETS), also commonly called carbon market, is regarded as an effective policy measure to incentivize reduction of greenhouse gas (GHG) emissions. Generally, governments or other designated authorities determine a limit on GHG emissions for participants in the carbon markets and allocate emissions...

As China aims to attain carbon neutrality by 2060, the energy sector faces increasing pressure for vast and deep decarbonization. Hydrogen emerges as a potential alternative energy source to accelerate this transition. According to a white paper on China’s hydrogen and fuel cell industry in...

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