Author: Jordy Leo

19 Jan South Korea to Publish Guidelines on ESG Bond Certification and Evaluation

Posted at 12:02 by Jordy Leo

South Korea’s Financial Supervisory Service (FSS) will enact the environmental, social, and governance (ESG) bond certification evaluation guidelines for credit rating agencies to determine whether bond issuers spend the proceeds on ESG-related projects, as reported by the Korea Economic Daily on January 16. Effective from...

19 Jan Singapore’s EMA to Issue Bonds for Financing Green Transition

Posted at 11:48 by Jordy Leo

Singapore’s Energy Market Authority (EMA) is planning to issue green, sustainable, and transition bonds, as reported by Strait Times on January 15. The issuance is part of EMA’s SGD3bn (USD2.27bn) Multicurrency Medium Term Note (MTN) Program to finance sustainable infrastructure development projects. This would be...

18 Jan UK to Ban Single-Use Plastic Cutlery and Plates from October

Posted at 13:26 by Jordy Leo

The UK will ban a wide range of single-use plastic cutlery and plates starting in October to reduce plastic pollution and protect the marine environment, as reported by Bloomberg on January 14. The new rules will cover plastic plates, bowls, and trays used for food...

18 Jan EU Mulls Easing State Aid Rules to Counter US Inflation Reduction Act

Posted at 13:17 by Jordy Leo

The European Union (EU) asked member states for opinions on proposals to ease restrictions on state aid, in a bid to rival the new US Inflation Reduction Act (IRA) legislating green subsidies, as reported by Reuters on January 13. The IRA will authorize investments of...

18 Jan EU to Require Companies to Prove Green Claims with Scientific Evidence

Posted at 13:12 by Jordy Leo

Companies in EU countries must provide scientific evidence to support any environmental claims made about their products, according to draft proposals from the European Commission, as reported by Reuters on January 13. Aside from proving their green claims, companies will also be required to disclose...

18 Jan India Assigns Missions of Green Hydrogen Use to Some Industries

Posted at 13:05 by Jordy Leo

India has set green hydrogen consumption targets for some industries to promote demand for cleaner fuel, as reported by Reuters on January 13. Dubbed the National Green Hydrogen Mission, the new policy requires the state-run Shipping Corp of India [SCI:IN] to retrofit at least two...

18 Jan Didi Resumes New User Registration after 18-Month Data Security Investigation

Posted at 12:52 by Jordy Leo

Didi Global has obtained approval from China’s cybersecurity regulator to resume registering new users for its ride-hailing service from January 16, as reported by Reuters on the same day. In July 2021, Chinese regulators launched a data security probe into Didi, two days after the...

12 Jan Australia to Require Biggest Polluters to Cut Emissions Year by Year

Posted at 11:29 by Jordy Leo

Australia’s Labor government proposed a plan to require the country’s largest polluters to cut their emissions intensity by at least 4.9% a year by 2030, starting from July 1, as reported by Reuters on January 10. Large polluters refer to the 215 oil, gas, mining...

12 Jan French Food Giant Danone Sued Over Plastic Use

Posted at 11:21 by Jordy Leo

French dairy giant Danone [BN:FP] is facing a lawsuit from some environmental groups for “failing to sufficiently account for all the plastic used along its production cycles”, as reported by Reuters on January 9. The environmental groups cited a French law passed in 2017, which...

12 Jan Singapore Mulls Regulations on Indoor Air Quality

Posted at 11:06 by Jordy Leo

The Singaporean government is considering limits on formaldehyde emissions in building materials and home furnishings, as reported by Strait Times on January 6. The Alliance for Action on Sustainable Spaces, a group of industry leaders, has proposed a set of guidelines under which companies would...

12 Jan SK Ecoplant, CSCEC Team up for Renewable Energy in Egypt and China

Posted at 10:52 by Jordy Leo

SK Ecoplant, the green business unit of SK Group [210980:KS], has signed a memorandum of understanding (MOU) with China State Construction Engineering Corporation (CSCEC) [601668:CH], the world's largest construction contractor, to jointly develop overseas renewable energy resources, as reported by Korea Economic Daily on January...

11 Jan Australia’s Review on Carbon Credit System Finds No Major Problem

Posted at 10:53 by Jordy Leo

A six-month review of Australia’s controversial carbon credit system dismissed claims that the system lacks integrity and is unable to achieve real cuts in greenhouse gas (GHG) emissions, as reported by Reuters on January 9. The review panel, led by the country’s former chief scientist...

11 Jan India to Issue First Sovereign Green Bonds Worth USD1.9bn

Posted at 10:27 by Jordy Leo

The Indian government will issue INR160bn (USD1.93bn) of green bonds aimed at funding domestic green infrastructure, as reported by Reuters on January 9. This is India’s first sovereign green bond, which will be sold at two auctions due on January 25 and February 9. At...

05 Jan UK Set to Publish Review on Net-Zero Targets in Early 2023

Posted at 14:24 by Jordy Leo

The UK is set to publish a review on its goal of achieving net-zero carbon emissions by 2050 in early 2023, as reported by Bloomberg on January 2. The review is expected to help decide how the country could realize maximum economic growth and investment...

05 Jan Taiwan’s Central Bank to Consider Climate Change Risks in Economic Forecasting

Posted at 14:21 by Jordy Leo

The central bank of Taiwan announced on December 30 that it will incorporate climate change risks into its forecast models, analyze their impact on forecasts such as prices and GDP growth, and adapt monetary policies to promote sustainable development, as reported by Reuters on the...