Author: Lexy Li

LG Chem [051910:KS] and Korea Zinc [010130:KS] will establish a joint venture (JV) in May 2022 to produce precursors, a material crucial for cathode materials in electric vehicle (EV) batteries, as reported by The Korea Economic Daily on April 24. Korea Zinc will control 60%...

Thailand's Provincial Electricity Authority announced a plan to invest THB253bn (USD7.4bn) on projects such as smart meters and electric vehicles (EVs) to accelerate its efforts toward carbon neutrality by 2050. Specifically, the plan allocates THB103bn (USD3bn) towards energy storage systems and THB2.8bn (USD82m) towards EV...

The International Sustainability Standards Board (ISSB) is expected to issue a set of ESG disclosure standards by the end of 2022, which is likely to be accepted internationally, as reported by Sina News on April 20. The Vice-Chairman of China Securities Regulatory Commission (CSRC), Fang...

Eight Chinese asset managers, including E Fund, China Merchants Fund Management [600036:CN], GF Fund, Fullgoal Fund, China Universal, and others, have submitted their applications to the CSRC for launching new carbon neutrality-themed exchange-traded funds (ETFs), as reported by Yicai on April 21. The eight ETFs...

Mitsubishi Chemical [4188:JP], Tokai Carbon [5301:JP], and other Japanese electric vehicle (EV) battery material providers are raising outputs overseas to appeal to Western countries intending to diversify their sources of supply, as reported by Nikkei Asia on April 18th. By 2023, Mitsubishi Chemical plans to...

The Shanghai Municipal Administration for Market Regulation (Shanghai AMR) warned 12 Chinese e-commerce platforms, including Meituan [3690:HK] and Alibaba's [BABA:US] Ele.me, against pricing irregularities in agricultural products amid Shanghai’s Covid-19 lockdown, as reported by The Paper on April 18. The regulator summoned these e-commerce platforms...

Hyundai Motor [005380:KS] has released a new platform for electric vehicle (EV) charging service to strengthen its presence in the South Korean EV market, as reported by the Korea Economic Daily on April 4. The platform, called E-pit, updates services for both Hyundai’s EV customers...

Hong Kong's financial secretary Paul Chan Mo-Po stated that the city will shortly restart the issuing of retail green bonds, as reported by Reuters on April 10. The retail green bond offering is worth HKD15bn (USD1.9bn) and can be subscribed for up to HKD20bn (USD2.55bn)....

India’s refiners, Indian Oil Corp [IOCL:IN], Larsen&Toubro [LT:IN] and renewable energy company ReNew Power will form a joint venture (JV) to launch green hydrogen projects, according to Reuters on April 4. The JV will start with projects at Indian Oil Corp's Mathura and Panipat refineries...

Vietnam is investigating the maximum amount of greenhouse gas emissions for manufacturers under its cap-and-trade scheme, as reported by Nikkei Asia on April 6. The country is bearing an increasing carbon emission burden as many multinational groups such as Panasonic [6752:JP] and Nestle [NESN:SW] relocate...

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