Author: Jordy Leo

20 Jul China Steps up Supervision over Online Lending

Posted at 15:26 by Jordy Leo

China Banking and Insurance Regulatory Commission (CBIRC) issued more rules on online lending by commercial banks, including loans jointly issued with third-party internet platforms, as reported by Caixin Global on July 16. According to a Q&A document published by the CBIRC on July 15, lending...

20 Jul China Promotes Green Buildings to Peak Construction Emission by 2030

Posted at 14:59 by Jordy Leo

China is promoting green buildings to peak carbon emissions from urban and rural construction by 2030, as reported by Caixin on July 14. According to an action plan issued by the Ministry of Housing and Urban-Rural Development (MHURD) and the National Development and Reform Commission...

14 Jul Temasek Raises Internal Carbon Price to USD50 Per Ton

Posted at 14:37 by Jordy Leo

Singapore state investor Temasek [TMSK:SP] will raise its internal carbon price from USD42 to USD50 per ton this year, with plans to lift the price to USD100 per ton by 2030, as reported by Strait Times on July 12. An internal carbon price provides a...

14 Jul India to Submit New Climate Goals to UN in September

Posted at 14:22 by Jordy Leo

India is to finally submit official plans to reduce emissions to the United Nations (UN) in September, an obligation under the Paris Agreement that was supposed to be fulfilled before the UN Climate Change Conference (COP26) last November, as reported by Strait Times on July...

14 Jul Korea Zinc Acquires 73% Share of US Electronic Waste Recycling Firm Igneo

Posted at 14:04 by Jordy Leo

Korea Zinc [010130:KS], the world’s largest lead and zinc smelter, announced a deal to purchase a 73.21% stake in US electronic waste (e-waste) recycling firm Igneo Holdings with USD332m, as reported by the Korea Economic Daily on July 12. Igneo collects e-waste and extracts copper,...

13 Jul Singapore Launches Climate Impact Science Research Program

Posted at 17:05 by Jordy Leo

Singapore launched a USD23.5m climate research program on July 12 to reveal the long-term impacts of climate change on Singapore and help guide policies to address these issues, as reported by Strait Times on the same day. The program focuses on five key priorities, including...

13 Jul Australia to Build USD1.7bn Data Center Powered by Green Electricity

Posted at 16:58 by Jordy Leo

Quinbrook Infrastructure Partners, an investor in low carbon and renewable energy infrastructure, has received approval to build a renewable-powered data center project called SuperNode, as reported by Reuters on July 8. Located in Queensland, Australia, SuperNode will include four hyper-scale data centers and one of...

13 Jul China’s Market Watchdog Fines Tencent, Alibaba for Disclosure Violations

Posted at 16:51 by Jordy Leo

China’s State Administration for Market Regulation (SAMR) imposed fines of RMB500,000 (USD74,350) each on tech giants Alibaba [BABA:US] and Tencent [0700:HK] as well as a range of companies for breaching transaction disclosure rules in the Anti-Monopoly Law, as reported by Reuters on July 10. The...

13 Jul China to Implement New Rules on Cross-Border Data Transfer

Posted at 16:36 by Jordy Leo

China’s internet watchdog Cybersecurity Administration of China (CAC) issued new rules on cross-border data transfer, as reported by South China Morning Post on July 8. Under the new rules, which will take effect on September 1, important and massive data transfers from China to destinations...

07 Jul South Korea to Promote Nuclear Power to Meet Net-Zero Targets

Posted at 15:23 by Jordy Leo

South Korea’s Ministry of Trade, Industry, and Energy (MOTIE) announced a plan to raise the share of nuclear power in the country’s energy mix to over 30% by 2030 from 27% in 2021, as reported by Bloomberg on July 5. Specifically, South Korea will build...

07 Jul HKMA to Include Climate Risk Management in Banking Supervision

Posted at 15:12 by Jordy Leo

The Hong Kong Monetary Authority (HKMA) has announced plans to integrate climate risks into its supervisory processes, as reported by Responsible Investor on July 4. The HKMA will include climate risk management as a permanent item of prudential meetings with bank management over the next...

07 Jul World Bank Grants India USD165m Financing to Develop Rooftop Solar

Posted at 15:02 by Jordy Leo

The World Bank has approved USD165m in additional financing to support India’s residential sector to deploy rooftop solar systems and make solar energy more affordable, as reported by PV Tech on July 4. The funding is expected to reduce 13.9m tons of greenhouse gas emissions...

06 Jul NUS Launches Research Institute for Hydrogen Innovations in Singapore

Posted at 14:28 by Jordy Leo

The National University of Singapore (NUS) has set up the Center for Hydrogen Innovations, a research institute aimed at making hydrogen a commercially viable clean fuel to meet Singapore’s energy needs, as reported by Strait Times on July 4. The center has received a total...

06 Jul Singapore Starts Second Round of Bidding for Renewable Power Imports

Posted at 14:14 by Jordy Leo

Singapore’s Energy Market Authority (EMA) issued the second Request for Proposal (RFP2) on July 1, calling for proposals to export electricity to Singapore from renewable energy sources, as reported by Strait Times on the same day. Under RFP2, interested participants could submit non-binding proposals to...

05 Jul CSRC Probes into Ganfeng Lithium over Suspected Insider Trading

Posted at 18:18 by Jordy Leo

China’s largest lithium salt producer Ganfeng Lithium [002460:CH] is under investigation by China Securities Regulatory Commission (CSRC) for suspected insider trading, as reported by South China Morning Post on July 4. Ganfeng Lithium Chairman Li Liangbin admitted that the company was under scrutiny mostly because...